MrJordn

MrJordn

TLGT formed a descending triangle (which usually is a bearish sign). If the stock breaks through its bottom support, a trend continuation (south) is very likely. However, if the stock breaks through the upper support, we might see a bullish trend reversal. Gamblers could open a long position protected with a tight stop loss right below the bottom support. Shorts...

MrJordn

EFIR is currently in an ascending triangle formation. (In general, an ascending triangle is a bullish sign.) Yesterday (June 16 2021), the stock almost touched the lower trend line. In addition, volume increased in the last few days (bullish divergence). In my opinion, this is a perfect entry for a long position. Consider this a high risk trade and be aware that a...

MrJordn

Unless NVDA closes clearly above 810 today a major correction seems very likely. Yesterday, a 33 bars (49 days) upwards trend line had been broken and prices returned into the inside of the long term channel. Although RSI cooled down a little, the stock still remains overbought. In my opinion, what we see here is the beginning of a secondary trend against the...

MrJordn Updated 

NVIDIA has been in the overbought area for almost 1 month now. In my opinion, this looks like the start of a major correction. RSI has to cool down for a while, which will most likely result in a price drop. Currently, I have no position in NVDA. However, If I were in a long (swing) trade, I would close the position now.

MrJordn

Dogecoin is currently forming a cup and handle pattern on the hourly. In my opinion, the handle is not finished yet. If we see a successful retest of the 50 or 100 MA this might indicate that the pattern is complete. However, note that the RSI on the daily is very high and might limit (or even erase) the effect of a completed cup and handle.

MrJordn

After the first ever golden cross in its history, SRMX showed a strong increase in price as well as in volume. Average trading volume is around 77 M. Yesterday it was about 3 B. I think that there is something going on here and it's worth to have it on the watch list for a while. Needless to say, that this stock is very unstable and therefore extremely risky to trade.

MrJordn

ATOS is currently building up volume and the long term down trend has been broken. However, 100 and 200 MA might make it retest the bottom at around .80 before heading higher. We are still in a smaller down trend which has to be broken first. Just keep an eye on it. If you're deciding to go long, I'd recommend to have a stop loss set closely below the .80 support.