CL1! Light crude oil futures look like they are developing a reverse head and shoulder pattern, which may continue after a correction to the 46 level with the potential to move up to 70 within in weeks. Theory is that GUSH and DRIP will respond to the pattern in CL1! Short term DRIP looks like it could be the play while GUSH moves lower to test support, if support...
Stop limit entry at 51 above current short term daily resistance level, Possibly losing ability to keep prices artificially low. Upside breakout is worth a moderate downside risk. Looking for it to test at the prior key resistance levels, with potential movement up to 70.
Near 3 standard deviations on the 20 day Bollinger Band, in a 10.11. Will Wait for it to top out at the other end in a few weeks
Biased analysis, currently long other Gold plays, because I think it may break the current resistance from the 2011 and 2012 highs based on a classic Bubble Chart Pattern, check it out on a monthly scale. Long based on the belief that regression to the mean has been occurring since Jan 2016 and still has room to move up through the resistance. Determined mean...
Seems like Gold has been returning to the mean after developing a classic Bubble Chart pattern, and may break the current resistance line set by the highs in 2011 and 2012, from which it has not been able to come close to since. Posting because I think this long term pattern is relevant as the resistance line from 2011 to 2012 is visible on the weekly and daily charts.
Looks overbought, with a short term correction coming up, tomorrow or the next day, long with its inverse DRIP, hedged with GUSH, then looking for a re entry at a lower price.
CMF is improving. OBV bumping against a resistance level and will look for a break for a positive confirmation of the move. SQZMOM_LB looks like it is setup for a large reversal, indicating it might be worth the risk, will be looking for improvement in the RSI as well which has not been overbought since July, and is currently improving, and was just recently...
If support holds or increases before the next earnings release on 9/28 it may have a positive outcome. Short interest has been decreasing since July. "Radiant Logistics Inc (NYSE:RLGT) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 989,854 shares, a decrease of 8.3% from the July 29th total...
Possibly developing a head and shoulder pattern. Which would set the price back to a a support level from the weekly chart. Pure speculation on this one, if the pattern holds true there could be a 17% loss to the weekly support line.
Longer term pattern in FLT may have developed, with a re-entry approaching. Will look for the longer term support line to hold with a break in the short term resistance to confirm pattern continuance.
PHM has had a solid day today, after hitting the support level of 21.33 a few days ago, and may continue to move slightly higher into the current resistance level, with a goal of 2%
Earnings reported on 8.05 caused a positive movement to 2.73, TNXP had a large down day on 9.02 reaching the pre earnings price level then closing higher to a prior resistance level. If the prior resistance level that was established pre earnings can be broken, with positive momentum the price may return to the earnings positive prices. If not further movement...
Recently broke a short term resistance line, Positive CMF, Chande is increasing due to resistance break, OBV is improving and will hopefully break its resistance line by the end of the day today. Hedging with USLV, but a few percent may be found here, if not will gain the few from USLV.
Not certain which way GE is going to move, just know that dynamic equilibrium is impossible, or certain upon death, as far as I can tell GE is still alive though flat-lining. Playing both sides might be warranted for this one hopefully without any whipsaw post breakout. Though I am favoring a long position mostly due to some of the technical indicators supporting...
Short percent decrease of -35% with 0.1 days to cover, with earnings coming up on 9/09 shortsqueeze.com will continue to watch indicators to confirm earnings play with an increase in the SQZMOM_LB and an increase in the CMF up to 9/08. A positive slope in the CMF from 8/25-9/8 will be a positive indicator to hold for earnings. ARIS is at a key resistance, possibly...
LCI is currently trading near a downtrend resistance line with earnings next tuesday. 9 out of the last ten earnings reports have seen positive moves upward or at least traded flat a week or two after the release. Increasing fundamental indicators as well as a recent approval for a generic drug, a month ago, in July contributed to the recent reversal of the...
Recent downtrend started in July and has been trading between two longer term resistance lines, one of these was breached early July and has now become support the other continues to offer resistance. The price is currently approaching another longer term support line that is below the current price. The recent downward momentum has thrown off SQZMOM and CM...
RTN recently hit the lower Bollinger and current support line. CCI is low and improving, with CMF staying positive and improving.