dariushm2

dariushm2

UAL witnessed a record breaking daily volume today while it struggled not to lose this support. At any rate, it feels like the buyers won. But we will see for sure in the upcoming days. If you want to be safe, wait till it breaks up the trigger line. And in the unlikely event of losing this support, you could close your position and wait to see how it treats the last low.

dariushm2

With the huge drop that we witnessed several weeks ago, it is confirmed that the price lost the midline support. But with the fast recovery that we've seen during these weeks, it is proving not to want to retest the recent low anytime soon. So I predict that it will be bouncing up and down going through this long wedge for couple of a years. And if during this...

dariushm2

I can't wrap my head around today's volume. What makes me really confused is that why there are so many supplier for this demand! And more importantly, how the hell did the sellers get to win?!! Bringing it down by 15 per cent! There hasn't been a single green candle for weeks now, despite the ever growing volume. We see most stocks that have been hit hard, are...

dariushm2 Updated 

As the chart suggests there is a strong support level at 12 that it respected today. Though fundamentally you might be skeptical of such a rally but the chart seems very promising.

dariushm2

As the descending channel suggests, last week's rally was nothing but a correction. This is also confirmed in 5 minutes chart as it broke down the ascending channel. But I don't expect to have huge gaps as it goes down this time due to massive increase in volume for the past two weeks. First resistance level is at 134 and the most important one is 103. If it...