Downtrend looking to breakout to the upside as the 50ma shows strong support. Decreasing volume is also signaling signs of exhaustion from selling. Good buy here sub $15.
Perfect reverse cup and handle forming. If cancellation of blue owl or any negative news hits then we will see more downside to all time lows. After dropping over 50% since the recent high of $1.05 we can see a small bounce off of this support level and then with no news or bad news head back down and break through this support.
Classic head and shoulders on the 1hr timeframe. Looking at a low of .66 which is also current support for now. There is also a bullish trend line on the longer time frames which must stay in tact. We could be seeing a bullish reversal after confirmation of support level .66 and if broken we are looking at .60 and lower.
Descending wedge paired up with descending volume. Looks like we could break out tomorrow or Friday with a resistance of .74 and if broken a bullish continuation.
Looking at the $474 level as SPY breaks out of its current rising wedge on the 15 minute time frame. Looking for it to touch the 200 moving average and test this level. With the long term trend being bullish I am expecting to see this hit $474 then continue back upwards if it can maintain $474 and if not we will be visiting $470.
NIO is forming a bear flag on the daily time frame. Solid support at $8.88(also the 50 moving average), but once support is broken it becomes resistance. If NIO doesn't hold $8.48 to fill the gap.
Tellurian has formed a cup and handle on the daily timeframe. Today we closed with a engulfing bearish candle which if you look at the previous candles that are bearish engulfing they result in a consecutive day with a lower stock price. On my previous post you will see a gap on the 1hr time frame. I am predicting that we have a down day on 12/29 but not much...
Hourly chart forming head and shoulders. I believe on 12/29 we may touch .91 again then break through to the downside to fill the gap at .84. After being up 90%+ you must be realistic and understand that runs like these are sustainable and will retrace. Looking at a possible multi-day cooldown of the RSI(Relative Strength Index) putting us near the .74 mark.
I am predicting an upside breakout in the next 2 weeks. Cup and handle have formed on the daily and weekly timeframe and volume has been low. Shareholders are anticipating financing news and with henry hub prices looking to climb we should break $1.76 in the upcoming weeks.
Todays wick shows good resistance off the 200ma. I am looking for a gap fill as shown on chart, especially with the anticipation that we hear good results on the consumer price index(CPI).