This name has been building a base since 2018 Feb lows and seems to attempt a breakout towards its ATH.
Price has been consolidating in a falling wedge last week and sits now above $70 key level and the 10dma indicating momentum. XLB is showing very similar setup, tough it hasn't broken up yet.
If price holds the nearest support, we could see 72 then high 73-low...
Both bull and bear case have positive arguments for themselves.
For the bulls, a beautiful hidden positive divergence is visible on the RSI. This would indicate a local bottom and we would pay attention for a rebound on the nearest support, 1.158.
On the other end, the bears needs the price to break this support and to retest it before considering going short....
Once 255eur cleared, all ingredients here for a run to 300 and maybe more:
- Stochastichs is overbought
- RSI rising but still in bear area
- Price above 10dma
In the coming days I am looking for the breakout of 255 and a retest with an hidden positive divergence on stochastics oscillator
Not calling the end of the bear market.
Though the weekly chart looks bleak, we are above 10dma. Yeah!! Congrats to the ones who accumulates out there.
I've been holding a very small bag since February. Already cut in half. Let's 10x this, guys. Unfortunately, too much good news as of lately.
There's not enough historical data to trade this on Bitfinex, hope may work though.
Looks like a perfect low risk entry for this name
Falling wedge consolidation. Price closed above 10dma at 70.13 which is a LT area of support
If 70 holds, I will look to enter with calls at market open on Tuesday with a first target to 72 then 74 which is the top of the ascending channel where the price has been trading since early 2018.
The breakdown of the descending channel started April 2018 failed and price came back into the channel while forming a likely bear flag which also broke late on Thursday. Although price has been consolidating in the 1197-1205 for 3 days before moving higher, I do expect price to respect the bear flag breakdown and retest mid August lows of 1160. if 1200 holds, we...
Traders have love-hate relationship with this stock, I personally have a trader friend who doesn't like WMT. According to him, it doesn't have the properties of a growth stock.
Yet I have been watching it for a couple of months and traded calls all the way from the bottom around 83 to the inflexion point before earnings where I had closed all positions....
Golem woke up from a lengthily winter thanks to the official launch of its main net. Pure fundamentals at play. As the price was holding nicely after last week pump, we confidently entered this trade around 0.43 with a SL under 0.40 on the 21th of April.
The bull case is very strong as we the price retested the multi-month resistance at $0.495 which held nicely...
