Stock Breaking dailytime Correction...once Break 160 levels stock will Expected to hit 210 in next 6-9 months...whereas 140 will be stoploss
$NOK is forming a rounding accumulation pattern with a bullish MACD crossover and an upward-trending RSI. The OBV (on balance volume) is also looking to break out with the same rounding accumulation pattern. From a fundamental standpoint, $NOK has actually been fairly active on the contractual front. It recently picked up a few 5G contracts from large operators...
NAKD is forming a fractal pattern at the moment, which is technically a bullish pennant. It has also found an extremely tight range at the 50 MA while doing so. There are also all kinds of bullish crossovers forming with the moving averages with hidden bullish divergence between the price, RSI, and MACD. The OBV (on balance volume) is also showcasing a heck of a...
Let's just talk technicals first. We can see that this stock is on an upward trajectory, retracing to the 21 EMA like a plethora of momentum stocks out there. It has created two perfect bullish pennants (or bull flags depending on who you talk to), perfect for the continuation play. You also have hidden bullish divergence between the price, the RSI and Stoch...
BNGO (Bionano Genomics) is forming a textbook bull flag. This comes on the heels of a share offering, which is important. Share offerings dilute the value of the stock in the short term, but if general sentiment remains bullish, provides a buying opportunity for a takeoff after the retracement. Well, now we also have a bullish continuation pattern in the form of a...
Re-posting since TV took down my original post from yesterday. With most SPACs we tend to see a post-merger decline as traders take profits. However, if the new ticker is a company that has tailwinds behind it then we often witness a rally after the retracement finds support. GNOG is now sitting at the 50 MA after forming a double top . There is also hidden...
$LAZR (Luminar Technologies) is on the verge of breaking out of the bullish pennant. Playing this breakout is relatively easy since you can set your stop limits close to your entry. LAZR has been holding the 21 EMA for a month, which is a good sign. RSI and StochRSI are curling up. There is hidden bullish divergence here as well. Entry: close above the...