SCAP | Unworthy RiskBy breaking the previous higher low to the downside, the stock has the potential to fill the long wick and reach the 9.30 level. If those levels are also broken, it may try to find support around the he 200-day moving average.
Without the creation of a higher high, the stock may carry risk for traders who are uncertain where to set their stop-loss.
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AAICBy breaking the previous lower low to the downside, the stock could fill the long wick and reach the 85.5 level. If those levels are also broken, it may try to find support around the Fibonacci 1.618 level and the 200-day moving average of 69.5 levels while potentially creating a Head and Shoulders pattern.
Without the creation of a higher high, the stock may carry risk for traders who are uncertain where to set their stop-loss.
HAYC | Retesting triangle for supportThe stock has broken out of the ascending triangle pattern with a good amount of volume and is now attempting to break above the 200-Day moving average while testing the triangle pattern for support at 60 levels. If the stock manages to hold these levels without returning inside the triangle pattern, it should move towards the 68.50 levels at the Fibonacci retracement of 0.618.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
JKH | Horrifyingly BearishThe stock broke below the long-term support range on February 20th and subsequently retested the previous support level on Feb 24th. However, it encountered heavy resistance and continued to show a bearish trend, forming a head and shoulders pattern. If the stock fails to hold at 135 levels, it may seek support at the 200-day moving average or even at the Fibonacci retracement level of 1.618 around the 128 range
CSE ASI & SL20With both indexes finding resistance and the formation of bearish divergence on RSI, it is best to see how far both indexes will retrace down to make the higher low formations.
If the bearish momentum continues for the second day both indexes might find support around 10-Day moving averages around (9060 ASI) and (2780 SL20)
The most bullish scenario will be for both indexes to break above both resistance zones while creating inverted head and shoulder patterns.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
LLUB | Massive Drop!Due to sellers liquidating above average volumes, the stock has created an exhaustion gap while breaking below the rising wedge pattern. Currently, it is near the long-term ascending trendline. With bearish divergence on RSI , it is best to observe if buyers will be able to overpower the sellers to hold price above trendline support and 200-Day moving average.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
GHLLWith the breakout of a descending trendline, it is possible for the stock to reach the Fibonacci retracement level of 0.5 and horizontal resistance range at 15 to 15.40.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
EDEN | Possible Inverted H&S in the makingThe stock has broken above its long-term descending trendline resistance and has retraced back to the trendline to test it for support. During this process, the stock appears to be forming an inverted head and shoulders pattern. If the stock manages to break out above the neckline around 17 levels, it may move towards the 19 levels to reach the Fibonacci retracement level of 0.382.
Stop-Loss could go below previous higher low of 15.80
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
SLTThe stock has broken above the symmetrical triangle pattern and have reached Fibonacci retracement level of 1.618 where it has found resistance. It is safer for traders to wait and see how far down the stock may retrace to find support before creating the higher low level.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
AGSTFollowing the failed retest of the Descending Triangle pattern after its breakdown on February 10th, the stock is attempting to consolidate around its 200-day moving average. If the stock is unable to find support around the Fibonacci 0.618 level, it may continue to move towards its previous lower low levels, and possibly even towards the Fibonacci 1.618 level and beyond.
Without the creation of a proper uptrend, the stock may carry risk for traders who are uncertain where to set their stop-loss.
If there is a break above the long-term trendline, coupled with a bullish divergence on the Relative Strength Index (RSI), it may indicate a potential reversal of the bearish movement of the stock.
AGSTThe stock has recently bounced off its 200-day moving average, and is currently testing the lower boundary of a descending triangle pattern. If the stock manages to break through resistance and close above 15.60, this could signal a continuation of the bullish trend. Conversely, if the stock fails to break through and encounters resistance around 15, this could indicate a bearish reversal.
CALTCALT has broken out of a Inverted Head and Shoulder pattern with good volume while reaching near the Target Price of 33.50 based on the pattern. With RSI at trendline resistance, I would be cautious on how the price will behave next.
Disclaimer: Please conduct your own research before making any investment decisions and note that this is not investment advice.
BIL | Inverted H&SThe stock has broken out of the inverted head and shoulder pattern through the neckline resistance at 6.20. However, it has yet to break through the descending trendline resistance and the 30-day moving average. The existing head and shoulders and RSI trendline breakouts suggest a potential bullish movement of the stock.
MELS | Will it break FIB 0.65 ?The stock has broken above the descending trendline resistance and has reached the Fibonacci retracement resistance levels of 0.618 and 0.65. A further break above these levels could push the stock towards the 67.5 level at the Fibonacci retracement of 0.786. However, in the case of a retracement, the stock should find support from the descending trendline and the Fibonacci retracement of 0.5
REXP | Long ConsolidationThe stock has undergone a 3-month long consolidation within a horizontal price channel. If there is a breakout above 660, it is expected that the stock will reach 730 levels, and even 765 levels to reach Fibonacci retracement of 0.5.
To manage risk, it is safer to have a stop-loss below the previous lower low of 570.
APLAThe stock is currently testing its 200-day moving average while consolidating within a Rising Wedge pattern. Traders should also monitor the ascending trendline on the Relative Strength Index (RSI), as a potential breakout below this trendline may indicate a bearish reversal of the stock's price.