slight dip coming buy it upslight divergence in the 1 hr RSI could see a quick dip to 1.85 area as a wave 4. Buy it price should move quickly into wave 5 and could become extended. if the price drops below 1.85 buy the area around 1.60 again a big move would follow there as well. RSI has stayed above 40 since the beginning of this year and should remain that way. so watch for those bounces
0IFR trade ideas
Could EKSO be impervious to the marketConsider a company with a revolutionary tech that has been noticed by at least two of the largest manufactures in the automotive and aerospace industries that also are seemingly impervious to market flux. A company that not only also spans its products into retail contracting but into the medical rehabilitation field as well. And now is expanding into Asia. Are we really talking about a stock under 2 dollars per share? i may be being generous, but i do believe this stock could potentially be 10-15 dollars in 24 months
we see fib levels @ between 10.52 and 14.05+this chart is a hard one to read the explanation as to why certain levels have yet to be tapped would be that those waves simply never completed and are therefore still active. meaning the overall trend itself remains bullish until what seems to be the top of an upward moving channel would be formed to finish what looks to be a 3rd wave that we are currently meandering through that wave should top around 10.54 or 14.00 depending on..... the cards....and we could see a total completion of a grand wave at that point as well so we could see multiple scenarios playing out from these levels. as far as "risk-to-reward" obviously this is about as good as gets. there remains a gap around 1.50. I personally would not wait for this to fill mainly because about 98% of gaps fill and there are 2% that do not. Also again the upside is approximately 9.00 in comparison to a downward .30 therefore at these levels i would recommend accumulating before a significant move were to take place. Good luck to all. EKSO in my opinion is a no brain-er and as far as no impossible to short however i did anticipate this downward move and have not had a position in this stock for several months. Starting today i will i begin accumulating EKSO as being my largest position in my portfolio.
ESKETIT $EKSOIf you watch this support on candles it looks like it should bounce around 1.97. But I like to take a step back and look at it with Renko, so you can see where you could potentially scoop it.
You can clearly see a pattern in the Renko and usually the dump continued. That would bring it around 1.63
I have a small bag and I'm just waiting now. Out if solid break to 1.93. Otherwise ESKETIT
such an amazing opportunity. this is an absolute buy and hold After reaching .786 we see the price break out of the descending wedge and already challenging the resistance at 2.30 range. We also see the first through third wave in this retrace. Still in the third wave we should continue to the 2.50 area take a break then return to the 2.75 range where we would then correct find support and continue our bullish trajectory.
EKSO - Buy and hold for future exoskeleton growthI have been wanting to get long-term invested in the stocks that I think will greatly benefit from future technology trends. I believe that pure robotics are further in the future than most people realize, but wearable robotics are much closer to adoption. With that opinion I want to be positioning myself in the exoskeleton market. There are a number of very small exoskeleton companies but the one that stands out me the most is EKSO. A few things that stand out are that they are not only penetrating the medical market but they are also heavily focused on the industrial market, where as the other exoskeleton companies are primarily focused on the medical market. Ekso has also recently landed a few contracts, one with the VA and another with Ford that will help them generate the revenue they need to become profitable.
As with most small growth companies the biggest risk here is that they are not yet profitable and will need to generate cash flow through debt or stock dilution, which makes it very important to not jump in too earlier. Up until now it has been too early to buy and hold but I believe with the Ford and VA contracts they may be a few quarters from turning the corner and becoming profitable.
Price is still a little rich at this point but I will be looking to buy a little bit around $2.20 - $2.00 as a long term speculative buy-and-hold.
EKSO - Swing for this week
EKSO closed at $2.72 on Friday it seems to have broken out on the 08/07/2018 after earnings and continued to swing up to the 08/15/2018. It looks like it pulled back on both Thursday and Friday.
Average Daily Volume is about 885K. It has been able to close above the 200/50/20/10 day moving averages which shows a possible new uptrend forming.
ADX is over 48 ( over 25 shows a strong trend UP or DOWN)
DMI+ is over 36 ( strong uptrend)
DMI- is over 10 ( weak down trend)
Possible price points for next week will be
Pivot point is 2.78 anything ABOVE 2.78 will swing up to
R1-2.9
R2-2.97
R3-3.09
R4-3.21
Pivot point is 2.78 anything BELOW 2.78 will drop to
S1-2.66
S2-2.59
S3-2.47
S4-2.28
I will be looking to enter at 2.65-2.67 with a stop loss at 2.46. I will be looking for a swing to 3.1 + and will use a trail stop after it can confirm a continued uptrend.