After an impressive 7x rally that began in mid-summer last year and peaked above 7, Rune initiated a correction in December, dropping 50% from its peak. At this moment, Rune/USDT has reversed from the golden zone of the last leg up and appears poised to continue its upward trajectory. As long as the 3.5 zone remains intact, I anticipate a retest of at least 7,...
Do you all remember Sun Edison? Well, I've tried picking a 'long term' bottom on SDRL 3-4 times. In total, definitely lost some R's, but each got smaller as SDRL kept sinking. From here, it will be bankrupts in months if not weeks...
This one is tough and I've spent a few hours looking into how Wednesday will turn out and I cannot come to a conclusion. I see a lot of hesitation in the last few days, possibly in preparation of the earnings reports releasing on Wednesday which are finally being published after the company failed to meet the 15-Day extension on the original due date for the...
If Sune breaks down through the neckline it would mean the B-word. However if it bounces on the support...sky is the limit. It is best viewed as a call option.
On the daily TF, we are in the midst of the fifth and final wave of an expanding ending diagonal, counted as C of an ABC zig-zag correction. The monster buying opportunity will be at the completion of this C wave, however, we may be presented with a short term long opportunity with a R/R of 8.5. The current count is wave-b-of-(c) in a potential flat correction...
SUNE is nearing the completion of a bearish cypher pattern after breaking the bullish Wolfe wave confirmation line and retesting. This presents an opportunity to place a long position. The next pattern to look for if this is filled and completed is the bearish Gartley pattern. Depending on price action, I may be taking both of these trades. I will update the...
The last time MACD crossed the centerline was from the positive side, and the 80+ percent drop played out over the next few months (highlighted in light red). The MACD is about to cross the centerpoint from the negative side indicating the long down trend and negative direction in the chart has ended and we are seeing a start of what could be a lengthy bullish...
There will be no fade. It broke out of the channel and will thus continue rising.
Okay, okay, okay, there's a lot of risk in this trade (if you do any due diligence on the company, you'll see why; it could easily continue into the sub $1 crapper from here). By the same token, the IV is currently at 200+% which is probably why a covered call at this price is so doable. The credit for the $4 short call is, after all, .57 at the mid ($57), and...
SUNE is a huge hedge-fund favorite as far as the Solar industry goes. I would be surprised if this company goes bankrupt... I'm expecting buyers in the 1-3$ range. Long.
SUNE has done a complete 180 from the new PRs; new leadership, new deals, paying off debts, and it looks like things are picking up. Besides the pretty news, I hadn't noticed before that SUNE was in a channel or perhaps a falling wedge, depending on how you look at it. It has just bounced off the lower support and it's working its way up to the upper...
The famous hedge fund hotel are on fire! Looking to pick up this one near the psychological level of $2, and a wide stop at the lows of July 2012 to play on the bounce back to $6.5. Fundamentally there is a big risk of bankruptcy given the credit risk, 600 million cash remaining and debt interest at 15.4%. I will not be holding on for long, do keep your position...
There should be a small rise after that earnings drop a few days ago. It already started the upward swing but I wouldn't keep it too long as it will probably continue downward after that. thepatternsite.com thepatternsite.com
Solar stocks such as SUNE, SCTY have been hammered real hard for the past 3 weeks. Tesla is not a unicorn immune to the global deflationary forces. Like many, Tesla relies on cheap debt to finance its research and development. This isn't sustainable when Janet Yellen is no longer supporting the market with Quantitative easing (QE). It is also on the verge of...
SUNE is coming down to possibly retest a breakout of what is major resistance over the last years (Since 1996) represented by the black line. RSI is highly oversold at 23. Things to think about: *Major Support is at the $23.25 mark, but expanding trend lines show support at $19-19.50. The price may break Major Support and retest at rising support instead. *Fib...
We have a nice divergence in this uptrend and the last bounce seems kinda "jerk" to me Though right now, i think it is too early to consider a short, i will wait for a break of the price resistance @29.50 and of the RSI resistance to really consider a short there.