See a Weekly Chart of FSV, attached. FSV is a stock that trades super predictably on a technical basis. Arrow shows almost a perfect 2.618 extension from the COVID crash. Also note the top was on the bearish divergence on RSI, almost to the dollar (yellow circles) To buy back in, I'd be looking @ $113.95, the pre-COVID top. I'd also look for bullish...
PFE had a nice reversal this week, putting in a nice hammer candle on the weekly, bouncing nicely off of the 2001 ATH. For those with a high tolerance, I'd buy @ $47.50 with stop @ 10% lower. Another run at the all time high will bring us back to $62, or a gain of 30%. A low risk trade with a 3:1 reward if you use the price levels on the chart. Those with a...
If you can get past the fact this is a tobacco company - on a technical basis it looks like the stock is ready to rip higher. Note the obvious ascending triangle on the weekly, a not-so-overcooked RSI, and how when both of these conditions existed in the past the stick ripped a good bit higher. Also - enjoy the 8% annual dividend - if you can get past the fact...
Hayward Industries - a manufacturer of swimming pool equipment - has gotten horrendously beaten down as of late. In short -> as to the stock price -> they have had issues with their supply chain as noted on the Q3 conference call and they got obliterated shortly after a quick pump up in December. I believe that the expectation for them is so low going into Q4...
Very good chance we get to at least $96.13 in the coming two or three months. Inflation in US might be an issue in next few months but it will be worse in Europe / Asia. This will cause the USD to rally, mitigating inflation concerns, esp in the face of a Chinese real estate crisis. RSI a little toppy but a very clear and very strong breakout over last few...
The cryptocurrency Ethereum has been on a tear as of late vs. it's USD pair, but not sufficient to overcome the move in the BTC / USD pairing. Put more simply - for the past few weeks you would have had greater USD returns by holding 100% BTC versus 100% ETH. Our analysis from last month was correct in that a BIG MOVE was coming, although we could not say...
Ethereum is approaching critical support at ~0.0285 BTC. The falling wedge pattern - seen time and time again in crypto - looks to be forming nicely on the weekly chart. Will it bounce in the face of BTC and continue to make BTC maximalists think twice about their position as it has all year ? News about ETH 2.0 - expected over the next few weeks -may just be...
As we can see from the above daily chart of the Silver ETF, the nail biting pennant that has formed over the past few weeks and kept us all on the edge of our seat - along with GLD - has resolved bearish with todays move. Target is $18 - $19.
As we can see from the attached, the US Federal Reserve's mission to destroy the US Dollar appears to be working. All indicators have fired short on the monthly time frame. See you at $85 by the end of this year ! Do not try to be a contrarian hero and try to long something that the f'n US GOVERNMENT IS TELLING YOU THEY ARE ACTIVELY ATTEMPTING TO...