Barkworth

Barkworth

What drove this bounce? Shorts? Bulls waiting at support? If you bought the dip, then congrats. Today, I would like to see it regain the hourly MA21 for continuation. Alternatively, a retest of the lows at the .618 of the bounce. A typical wave 2 target. Potential upside target zone $39 - $51. First confluence at $39.

Barkworth

Gaining momentum for a break to the upside. I see the same with other strong names in the sector. FIB levels respected for typical wave 2 retracement, daily close above resistance - there is a high probability that we are looking at a 1-2-1-2 setup, ready for a 3-4-5 - 3-4-5. Will APHA close the 2019 gap to $9.86 before Christmas?

Barkworth

Lost the MA8 daily yesterday, looking for some healthy consolidation?

Barkworth

FIB respected. Lets see how this plays out.

Barkworth

It has that 'flat correction' shape. Looking for direction here, with the price being squeezed between moving averages. If the hourly uptrend is lost, potential FIB targets for a healthy pull back are on the chart.

Barkworth

Bearish divergence on weekly time frame and rejected by weekly MA50. Careful, Robinhood crew.

Barkworth

All required info in the chart.

Barkworth Updated 

MORE Act passed the House, but while peers sold off on the news, losing their hourly uptrends, $APHA held above support. $8.40 is the level to hold. I believe that key support is $7.50 and that this is the sub wave that'll lead $APHA to test $10.

Barkworth

Another look made me change my mind. Could break bullish... or bearish.

Barkworth

It has the shape, but the count does not seem to support it. Testing weekly MA50... Could see momentum fade.

Barkworth

Looks good...

Barkworth

Important day tomorrow. If the bill gets rejected, the current setup will most likely morph into a reversal pattern. You can see from the way the waves have been progressing here, that everybody is on the sidelines, but not ready to let go. Weak bulls were shaken out today, and if the news will be positive, prepare for a FOMO ride into the $9 - $10 range. So...

Barkworth Updated 

This Garbage is Trying to Break Out. I'll take a trade if it breaks $11 with conviction. Won't stay long overnight though.

Barkworth

Not sure about the initial waves. Low volume, hard to count. Asset could double still, easily. One of the potential future market leaders, yet, trading at a discount to its peers.

Barkworth Updated 

Always 3 possibilities (up, down, sideways). If my proposed count is correct, then this would be a wave 4. The guideline of wave alternation suggests we should expect a flat or a triangle. Trend lines and channels support this possibility. Alternatively, there is a lurking gap. I've drawn in a triangle and a gap close. That gap close would likely be a...

Barkworth

As said earlier, a larger wave 3 can take heart at any time. Now that it is here, sit back and enjoy the ride.

Barkworth Updated 

I've revisited some earlier counts, and based on the current setup, I've decided to move away from the complicated intermediate wave 2 correction, and settle on a simple ABC with a volatile A wave instead. Minor wave 1 moved to previous X wave, minor wave 2 replaces the previous Y wave. Current setup just broke above an intra year downtrend, and normally, this...

Barkworth

I'm not much of a fractal man, but this looks bearishly interesting.