tradingzebras

tradingzebras

Weekly price is showing an inverse head and shoulders pattern with the neckline around 6.80. RSI divergence and KST very bullish. 12 week EMA currently holding as support.

tradingzebras

The daily RSI is showing bullish divergence and a falling wedge is apparent in the price action. The bulls have their work cut out for them however.

tradingzebras

An ascending triangle is becoming a possibility. Weekly RSI resistance line was just broken with huge volume (and this week isn't even over yet). The RSI will probably have to cool off before taking a good shot at breaking 0.75 resistance.

tradingzebras

RSI probably needs to be pushed down a little lower yet before buyers step in (~26 region worked in the past). A descending wedge bullish reversal pattern is forming in the price action. I will be watching for a break of the resistance line with heavy volume . I drew a trend line in the RSI that acted as resistance but has now bounced once as support and will test...

tradingzebras

Heavy resistance to overcome, but a long-term support might be able to do it. A large pennant seems to be forming. Weekly KST indicator has crossed bullish, though somewhat reluctantly.

tradingzebras

$0.80 resistance looks important. Buying the craft chocolate company was smart. White label chocolate for all LPs seems like a sound business model. From a technical stand point, the RSI resistance line, 12 day EMA, MACD bull-cross and this 0.80 price all appear to be approaching at once. If it can push through all that, it will look pretty bullish to me.

tradingzebras

I see some similarities with the past. If the rest of the market remains bullish, this outcome could be a possibility. 0.80 resistance looks important, as does the pennant in the RSI.

tradingzebras

Longer term RSI resistance is in the works of being tested. Last time it was broken, a large breakout followed. Bollinger bands show that volatility has died right off. Watching for break of RSI resistance with heavy volume.

tradingzebras

If this plays out, there would be a blue sky. Whether or not this can occur with an S and P dropping 5-10% is another story.

tradingzebras

The resistance line of an equilibrium is being tested. Hidden bullish divergence in the RSI (yellow). MACD is just about ready to cross. Waiting for a break of the resistance line with heavy volume.

tradingzebras Updated 

After this most recent run, it looks like it might be forming another HS pattern ( bearish reversal) in the RSI like it did during its last run up. The pennant is a continuation pattern so the most likely breakout direction would be up, however it will depend a lot on the rest of the stock market. My idea: short term bearish, medium to longer term possibly bullish

tradingzebras

I expect to see it bounce around in this triangle for the next few weeks before breaking out one way or the other. Both are pretty significant trend lines that won't easily be broken.

tradingzebras

I'm hoping for another good run as long as the broader market can keep it together. The first run up moved pretty quick and now its consolidating nicely as it tightens up in the falling wedge pattern. Bullish divergence in the RSI for months.

tradingzebras

Seems like a great setup for a possible cup and handle style breakout. Lots of space for a healthy pullback while still maintaining the 12 and 26 day EMAs as support before trying to break the double top at 16.70. If that breaks with heavy volume, I don't see why it couldn't take out the next resistance at 17.50 before heading up. The broader stock market is...

tradingzebras

After getting spanked all 2018, this stock might be ready for its time in the sun. I am cautious, however, since this stock has performed so poorly in the past. Trying to break a strong resistance at $1. The 12 and 26 EMAs have been acting as support all January as people buy the dip and this nice bull flag has formed. I'll be waiting for a break in both the price...

tradingzebras

It is up against the resistance line in both the price and the RSI. Increasing volume is looking promising and positive momentum in the MACD. I think it would have a better shot at breaking resistance if it pulls back for some healthy consolidation first as it is currently a bit over-extended.

tradingzebras

Resistance lines in price and RSI established since Sept are in the process of being tested. A large purchase of shares on Jan 23 started a bullish trend in the RSI but price could not break $0.32. This momentum may be enough to push through resistance, but I'll be watching for a breakout with high volume to confirm since volume has been low the past week.

tradingzebras

I'll be watching for this descending wedge pattern to repeat itself if the general optimism in the market continues for a while yet. Looking back, it was clear as day. Break of the RSI trend line, break of the tightening wedge formation, crossing of the 12 and 26 EMA and large volume.