el2222

el2222

The overall view is very neutral. This stock is in Stage 4 or end of Stage 4 decline. There is a negative divergence on the daily and weekly.

el2222

Not the rigth time to open any position at this stock. The stage 2 breakthrough attempt is very promising for a long term. The first resistance needs to break for the contiunation.

el2222

The overall view is very neutral altough this stock is in Stage 2. I think we are going to retest the 30 week MA and the breakthrough attempt will fail.

el2222

Two quotes occured to me, if I checked this chart: 1. Jesse L. Livermore: One of the greatest mistakes inexperienced investors make is in buying cheap securities just because they are selling at a low price. - "Jesse Livermores Methodes of trading in stocks" Richard Wyckoff 2. Stan Weinstein: A very common mistake made by amateur technicians (and, suprisingly,...

el2222

Depends of the price actions of the coming days: Scenario 1 (bearish short term): If the 10 day MA and the Fibo level 78.6% is not going to hold we will see a backtest at the Fibo level 50% which correlate with the bullish wedge trend line. Scenario 2 (bullish short and middle term): If the 10 day MA and the Fibo level 78.6% is going to hold we will see a try...

el2222

At least the 10 week MA need to turn up. There are two major resistance levels: The first one at the Fibo level 78.6% the second one at price level 6.5. The volume profile analysis confirmed these setups.

el2222

Please watch the yellow circles. There is a very good long possibility if there will be a volume defined stage 2 breakthrough.

el2222 Updated 

My CC1! long prediction for the next week! If the red line holds we can test the upper trend line again, where we can find the POC levels from the price rotation areas.

el2222

We are now in the stage 1 price accumulation setup. According the daily MACD, RSI and the volume profile the setup is bearish. The take profit of the short psoition is the heaviest volume area of the next cluster.

el2222

I think the arabica coffee will bounce on the next week. There is a D volume cluster sample, the RSI is oversold and the MACD histogram signs a turning.

el2222 Updated 

If the green trend line can hold we will some bounce. We are now at the bottom of the volume cluster. The hourly MACD shows us a turning point.

el2222

My prediction for Fortuna SIlver Miners is long. We have a very nice volume defined breaktrough.

el2222

I think here is a very good long opportunity. We can reach the volume defined area at the price 28. The daily MACD also confirms the higher low and the turning point. RSI is not overbought.

el2222

My prediction for Prosafe is long. The 4h MACD already shows us the turning point. Because of the OPEC+ production cut and SPR level we will see big gains altough the main market (DJI below 30 MA) is bearish.

el2222

My prediction for RIG is long. The 4h MACD already shows us the turning point. Because of the OPEC+ production cut and SPR level we will see big gains altough the main market (DJI below 30 MA) is bearish.

el2222

My CC1! short prediction for the next week! I think we can reach the last bullish gap and we need to fill it. The setup is very bearish, you can identify an evening star which started this movement!