New to the Wolfe wave but this looks like a textbook setup to me. Follows up on my previous weekly chart. of TAN for the breakout as well.
Nice pennant and major bullish divergence. I see this happening in 1-2 weeks based off my TA but a major catalyst may be needed after the beat down this stock has taken.
TAN has pulled back significantly from it’s highs and may be ready for a rebound. A bounce off the 200 EMA and out of this pennant could result in a big run. Also using the golden pocket you can see this is a major area of supply
Daily chart shows a small gap fill from a quick move to the upside. Once this gap fills from a pullback I see PLTR moving up from a bounce off the 9EMA 1HR and 4HR timeframes also show inverted head and shoulders pattern.
NIO long idea popped the day I posted. That post aged well I’ve got to say.
Long term bullish on this but this along with the market as a whole is overextended. Just sold out on my LEAPS for a good profit. Re-entry for me will be when it pulls back to 24 for support. Then I will get back into long term calls but short term this needs a pullback!
Everything about this looks clean. Looking for a breakout of this pennant.
CGC may be breaking out to the downside of this precious upwards channel. It could test 23-24 price range before a possible bounce back up. Long term fundamentally bullish but short term bearish on this one.
Testing ATH. Slight breakout today for quick day trades but if it can claim over 91 with momentum it will pop big time to the upside imo