I am really curious for feedback on this one. It has been overbought on the daily for almost a month. It has it's dips, but then it rebounds higher. I keep thinking we will see a 10% pullback and it just hasn't happened yet. I also just detected a bearish divergence on the RSI divergence indicator. And, it could be as stretch, but it seems like volume has...
Anyone out there seeing something that indicates it could gain the strength to break out?
After missing some nuances, I took a look at the weekly (Red arrow) along with daily RSI and daily downward trend and have an updated chart. From this perspective, it looks like tomorrow and Thursday are key points. The RSI came right back to the shorter term downward trend and is also bumping against the longer term trend. I am 100% rooting for the long term...
I am seeing a long term trend line being tested along with a long RSI trend being tested. Those two things and a decent support support line will converge this week. I think that could explain the low volume so far today. I would love to see a big move up tomorrow, but this one has been confusing at times so will wait for confirmation tomorrow or Wednesday. ...
These guys develop cancer treatments and have had some good developments lately. Recently they were approved to be listed on the NASDAQ and should be happening very soon. Keep in mind there will be a reverse stock split between 5-20. I am guessing around 10 to get the price in the range for the NASDAQ. Upon news of that approval, stock broke from a bullish...
The red line is the weekly trendline and the green is resistance at $35.29. Tomorrow and next week i'll be watching to see if it breaks above flag or moves down to the weekly trend line. I believe it WILL break out, just a question of tomorrow or end of next week? For tomorrow it would need to break strongly above $34.35 to signal the move upward. Ideally we see...
GM above 50 day, 100 day and 200 day MA's and it looks to me like it broke above an already upward trend on the daily and weekly. I am super amateur, but this one looks bullish. We will have to see what happens with NKLA potential deal.