Baba is definitely volatile and not for the faint of heart. As with everything please have a risk management system in place and do your own research. This isn't financial advice just pure speculation. I did forget to mention in the video that the moving averages are forming a death cross as well, further adding to my expectations.
Not financial advice just speculation The only thing i forgot to mention in the video was RSI which shows a lot of room for more descent.
This isn't financial advice just speculating. After the crossover and recent break in trend i'm going long on plug once it hits 40$ and my conditions are met.
My price target is around 10$ this week I plan to liquidate half my position there. I think the proxy will be very interesting.
The title is what i'm telling myself it's not financial advice to others
Not financial advice but pure speculation. I do have a long position.
CCL is definitely recovering as you can tell by the highlighted bull trend. The last bar is a weak bear bar which may be signaling selling exhaustion as well as it being so close in proximity to the lower line of the trend. I'm expecting 2 levels to be challenged the 20 EMA and the $25.28 level. If you want to short you'll have to be quick about it because there's...
Just know I'm long Nio long term this is for this week.
Happy Father's day! Let me know what y'all think.
Hope you like the vid btw I meant overbought not oversold lol.
Open to exchange ideas, teach, and learn new concepts. Happy trading everyone.
Riot entered a bearish trend on April 14 after breaking out of a symmetrical triangle and doesn't look like it's going to break out of this trend next week. There's hard resistance at 26.95$. The last 2 bars are bearish with top wicks and the moving averages crossed over. Sure the RSI is oversold but with 3 failed pushes to the channel resistance and 4 failed...
Failed breakout back into the channel and judging by the bar formation seems like there's heavy momentum carrying the price upward. RSI shows more room for the upside too. I would begin taking profits at 42$.
The bear trend has reversed into a bull trend at the $1.32 pivot. The price action in the channel is interesting. Notice the long wicks at the bottom of the bars in the end. A lot of buyers here that look like they might overwhelm the sellers soon. The channel's stability will be tested at resistance around $1.75-$1.80. Will it break? We'll see but the RSI shows a...