


themoneyman80
After the fair value gap progressed in three stages, it halted at the first one from the high, retracing, and then continued, giving bulls optimism and the rule of thumb: this isn't over yet!
A great long at this time, with careful consideration after the enormous pullback, has shown resiliency and is strengthening ever more.
With every indicator screaming for a retrace and the pullback having started, the question is whether the area is in the 240s, which is highly likely; however, continue to watch for any jumps in between.
An area of consolidation here as it looks for a revival, possibly a false flag before a breakout, but it is overwhelmed, and any attempt at a breakout could be considered too good.
As it happens, this is from earlier, but now that we're seeing the same signs we did previously, it suggests the same can happen.
Many oscillators are pointing in this direction, as well as technical analysis. It has been a turbulent few weeks, but in a way, it has consistently put us at a reversal point, making it very difficult for this trend to continue beyond 700 until we see a pullback.
After a previously good description, which moved dramatically in our favor, it is now showing signs of moving fewer points below to reestablish itself.
The high 160s is very nicely set up; however, the last candle was bullish in terms of sentiment, especially after two consecutive red days. It has positioned itself nicely for a retrace from this level. Set up the resistance area for further confirmation.
Swing move, ready to reset, reboot, and recalculate its position. Very patient, but the slowdown has occurred, and therefore, reading the ship for a sink-or-swim before correction territory gives us room for more.
With a delightful area that offers all or more chances for candles to start spinning and end up here, it is an excellent area for a swing trade - no emotions, no gimmicks, just a fun area to exercise.
Room to run, but has had a momentous week, and continues to beat the odds with volatility, volume, and velocity. The area of test to strength is at this level, and the beat and expectations are set to 400 and beyond. Major pivotal moment,
Break the candle and move on to the 52-week test. This has been turbulent up and down, and there is no escaping the current path to its momentum unless we see a break in structure.
Like other stocks, this seems to be revitalizing after the recent correction. The only difference between this and others in a similar stretch is the chart pattern, and by design, you can expect things to change dramatically.
With all oscillators still recovering from prefall and the turning indicators, this one still has room, growth, volatility, volume, and strength to continue testing the 52-week. The only thing on the lookout is the previous high; the candle has to close higher to continue to keep this momentum going, which should be determined in the next 1-2 sessions.
With the hard-sought-out area within the red, the stock started to pick up traction; therefore, we are still bullish until the target is complete.
After a turbulent week, as things start to normalize a bit, the oversold areas are continuing to step up further. The one thing that stands out is the last candle beating the previous high, as pointed out on the arrow, but also testing resistance. This shouldn't be a great area of concern for bulls until it breaks through and retests the 52-week high.
Got a few areas but don't see the upside continuation as a solid move right now but it does carry bearish sentiment until a direction is confirm, it looks like a sideway move.
The bounce returns to the resistance to either break and continue on its way up or expect sideways trading and consolidation. The end game is Bulls.