A double bottom followed by a Bullish Gartley with a possible harmonic move of the AX leg. Great chance it will hit .38 retracement at 1.22082 , and even head north to 1.22363 as a possible target 2. Lets see if it will break off resistant at 1.21852
Monday brought a bounce off of the 1.128 extension to form an Harmonic 'Alternate' Bat Pattern. I would look to get long the stock at the Monday close price with stop loss tightly below the lows of Monday with profit target just in front of the next resistance level. We also have a stochastic cross along with bullish momentum divergence on the mac-d histogram....
Not only is there the head-and-shoulders bottoms where the price just crossed the confirmation point, it also just crossed the orange resistance line, indicating a new bull season. Based on the head-and-shoulders bottoms alone, the target price is 4.88 but that resistance line might mean higher. Head-and-Shoulders Bottoms: thepatternsite.com
I have been wrong many times before with NBG, so who knows. But i really feel strong about this chart. Heavily oversold on the RSI, and we have a double bottom of what looks like a pretty clear corrective flat. Another signal of a bottom is the large volume spike we had yesterday, and we have retraced 100% of wave A. In Elliott terms, an alternative could be...
with a target of the top of january bear trendline, the path of least resistance has us currently inside the 4hr cloud. Upcoming 6hr cloud is above from 447 and is thinnest in the short term. We need to break this channel up with some gusto to reach the bear channel line around 465 by May 10th. Then the slide down can commence
ZU was beaten to downside from $73.3 right to low $40ish. After two green days with nice close near highs it looks poised to make a move higher to next resistance at $44ish then we have down trend line resistance at $46.80, stop below $40.70ish low of the day makes sence. Short float 38% could add fuel to potential upside move.
See update ⊜ at bottom after reading the description. When binned over 1-week intervals, we easily see the RSI (Relative Strength Index) fall dramatically, indeed nearly vertically, at the burst of each 'bubble', as expected when viewed in this way. I suggest that one should make a note of the first significant recovery segment after these drops —as indicated by...
Broke out of triangle, retested it, bounced off. This confirms that the triangle top resistance now turned to support. Expecting an uptrend within the "ballpark" up to 777.