Gold itself has taken a beating falling from over $1900 to low of $1764 today. Gold miners, including Barrick, have followed. GOLD has support of $1735-$1750. Barrick got a little bounce today and is setting up for a potential inverse H&S pattern. If GOLD falls a bit, barrick backtests a little, and then both bounce, we could see the bullish break of the inverse H&S.
I correctly called the inverse H&S break. We saw some great movement there and I sold around $26.70. We are not looking at the potential of a head and shoulder break bearish. The sector has been running wild over the past month and consolidation would easily break this H&S bearish. At that point with PIPE and warrants coming up, I would be looking back in the...
It's been all downhill on HYLN except for this recent bounce and hold. This right shoulder is holding a little longer on the right before the break but it has been holding and that is positive. We are looking at a bullish reversal candle today and if momentum carries us we could be testing those recent highs this week.
I made a call about a bounce on October 8th and we did bounce 18% from close on October 8 to high of bounce on October 9th. However, a sell off and roll over has made this stock continue to crash losing 57% in the last 14 trading days. First, some fundamental analysis. I will link below the background on why this stock has long term potential. Basically a...
After having lost 50% in 6 trading days, HYLN finds itself coming up to candle support + volume support while having an oversold 4 hour RSI and outside of the daily Bollinger Band. I like this as a potential support play bounce coupled with the fact of the size of the drop for a potential big bounce.
Trend line and hourly support converging. Bounce to hold 4 hour uptrend. Would also be outside hourly bollinger band so good opportunity for bounce.
We have an upward trend line converging with support. Could see a bounce bullish tomorrow.
Inverse head and shoulders pattern shaping up on AC. After a 40% bounce in 4 days from the bottom of the head, expect the top of the shoulder to hit today/tomorrow before pulling back and making the right shoulder.
We are in unique times and Bombardier has been a forefront name to Canadians for a long time. During this pullback we have been outside the 4 hour BB twice, once on the drop March 18/19 and once after the big bounce on March 26. We are now coming back to the low of 52 weeks ($0.38) with the 4 hour timeframe nearly outside of the BB and the hourly in oversold...
Looking at a head and shoulders pattern forming. After taking a beating due to oil prices, the stock is looking at a textbook head and shoulders pattern. Although oil fears continue, the stock has dropped so much over the past few weeks with zero recovery so far, it is worth the play.