CheelooTrader

CheelooTrader Updated 

Got sold hard into the supply and trying to base below 200DMA. Good ER didn't do much good, but 14 is the volume shelf, if it can build there, It has better chance of breakout to the upside soon. below 14, will continue to fade to 11 and 8.5

CheelooTrader Updated 

Held VMA and printed a big bullish candle on 09/28 ++ Now reclaimed 11 EMA and seems to be bullflagging on daily. ++ Has shown good resilience in weak conditions. If it breaks 252, will likely test 300 before ER.

CheelooTrader Updated 

Bounced well again at the trendline support ++ Needs to claim 11EMA and close above to build the energy for breakout. Ideally test of 27 and pullback should present a good pivot. 3D chart shows still more work is ahead..next ER could be turning point. All that is hypothesis until price really breaks and holds above 34. No position yet, but price does...

CheelooTrader

Renewable as a whole has shown impressive strength and most likely to lead in near future. pivot held and breakout on good volume. Next target is 33...should come sooner than expected.

CheelooTrader Updated 

Right side of the shoulder is starting to appear on the 3D chart. Close above 24 will confirm it. Also might coincide with 200 DMA. Critical level will be crossing that black line (60 DMA). Close above should accelerate buying by bulls. close below 18.90 Invalidates the pattern.

CheelooTrader

Building below 200 DMA at 16.75 and above mid BB on 3D chart. Holding the moving averages next few days could push this to 19.29 Break below will retest the ATL. Takeaway: Watch closely for the break above 19.29 for a shot at 25.

CheelooTrader

Into supply and getting sold now, and testing daily 11 EMA. Needs to hold and build above 7.9 for creating another pivot. Below selling will accelerate. Zooming out provides better perspective for the long. 3D chart is very bullish. No reason to be bearish here, just watching for now and pattern to emerge.

CheelooTrader

Tested and rejected VMA again, but recent volume looks constructive for follow through. high short interest could lift this off if the range tightens above 6.5 will look for reversal candle that closed above 7.5 to start a position. I have found this to be very slippery name. Not much success in the past, so will be more cautious not to jump early.

CheelooTrader

Levels are marked clearly, until it moves out of this channel, hard to predict which way price will turn in the short term. LT, very bullish once it clears 55.40 DO nothing for now. Wait for breakout.

CheelooTrader

Similar price action on the daily and 3Day charts, with CPI data pending on 08/10. Key difference is that in June price was below mid BB on 3D, which is bearish continuation, whereas now it's above mid BB, bullish sign. Divergence is yet to be seen on the daily, but flag seems to be forming. If it can hold 4100, my lean is we test 4260 range before pullback....

CheelooTrader

3 Day chart shows rejection, into the supply zone. Price back to the mid BB support. Watch for flag there for breakdown or reversal. No reason to guess which way it breaks.

CheelooTrader

If daily can hold above 11.20, likely that this tests 16 level soon. My guess is that it spikes to 12.5/13 to set up for 16. On watch...no position yet.

CheelooTrader

Holding well above daily EMAs ++ Constructive buying volume in last few months ++ Building below 200 DMA, could find some resistance, but with ER on 08/08 things could get interesting above. -- Disclosure: I am long since 2.56

CheelooTrader

This has played perfectly as per my projection. Moved 60% since my last post. It won't be a bad spot to take some profit for two key reasons. First, 200 DMA test around 9.33, likely that there is some resistance there. Pullback would be constructive. VMA on 3D chart around same level. Another reason why price might struggle until 10.30 Has shown...

CheelooTrader

Clean breakout of the ascending triangle. +++ Good volume - still seems like retail buying though ++ Into the supply zone until 200 DMA around 23, so likely to be choppy until it clears 200 DMA. If it doesn't lift off in next few days, I'd be alarmed and look to trim position. Projection is that it tests 200DMA

CheelooTrader

Rejected VMA at 24 and now showing signs of bearflag on daily. Early to call, but any push above hear and below VMA (black line) should be treated with skepticism. In fact, it'd be a good spot to short with the S/L just overhead at VMA If it can close above VMA, then watch for continuation to 30-32 before pullback. Disclosure: I am long at 20.90, will...

CheelooTrader

Held the demand zone and ST trendline support nicely last week. +++ [*} Good accumulation volume ++ Holding above 60 VMA +++ 3D MACD signal is green ++ Overhead supply around 16.5 (also coincides with the 600 DMA) Takeaway: I like long position here or ideally, on the touch of 16.5 and pullback. First target 23-25 (around 200 DMA)

CheelooTrader

Curling in the demand zone, but yet to reclaim short term moving averages --- 4H showing bearflag; if loses 5.59, likely to end up back down to the bottom of the base at 4.73 and set up potential head and shoulders pattern --- IF it can break above 60 VMA around 6.50 has a shot at 9.5 + Seasonality ++ Takeaway: Price is stuck in a tight range now, no...