ISEE
Long IVERIC ($ISEE) this stock is about to breakout. I am long ISEE. I see this stock is about to POP (but watching closely in case it is a bust).
I am long ISEE because
We broke $9, previous resistance
There are no other resistance areas until last sell off in 2017
MACD cross over bullish
RSI bullish with HH
Break out of BBand after narrow band
Pharma is all the rage :D
Our target prices are 22.8 then 30.21 at previous resistance. However, if this pops I can imagine it reaching a new ATH, or getting close to what it managed a couple years ago. But I will not be greedy ;-)
Closing if we break support at 5.77
Cheers x
BTC New Rocket? Sub Daily I am neutral. Daily I am definitely leaning bullish.
Analysis:
In most of these downtrends with BTC you see several triangle consolidations, and they become more visible with the Heikin Ashi. Right now we are breaking up out of one.
Moving Averages:
On my 8HR Heikin Ashi I have translated 50+200 Daily SMAs as well as 50+200 4HR EMAs.
All MAs are consolidating. The 50 EMA could create a nice rejection off the 200 EMA indicating bullish movement.
The Daily 50 SMA was pressed, possibly indicating a reversal.
Pivots/Fibs/Support/Resistance:
Monthly Pivot was breached but only recently. Weekly S2 was tested and held well.
Previous resistance zone 6850 and local Fib might be turned support now.
TD Sequential:
Daily had a fairly gentle decline, and 8 HR Heikin Ashi put out several bullish indicators recently.
