Time Frame: 4H
Sentiment: Overbought
Forecast: Bullish
We can see a strong support and buying momentum around 0.31-0.315, selling power is weak.
Bar price action and the volume, showing buyers' power increase.
expecting it can break the resistant level 0.34-0.35, and reach 0.38
Write your thought in the comment session :)
P.S
Please, note that an...
>> Hull MA turning red.
>> Negative divergence is there.
Maybe day trader think it's still has opportunity. But for swing... Not that convincing (for this moment).
Will this parallel channel able to support it? Or pullback will take over?
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy...
A fundamentally sound company.Still a new company.Has been hits hard before,now set up again.previous 2 quarter reports showing improvement in sales and profits.Currently price just break horizontal line of cheat setup with high volume,and close above 200day moving average.Let see if it can buckle up again
Here, I assumed that it is starting Wave 1 after completion of ABC, may do some retracing to 0.520/0.525, it may rebound to Wave 3 for a higher price (0.855-0.89) in a midterm between 3 - 6 months. With a good QR this year 2021 and YoY revenue, it may moving up with the Oil price sentiment
Sector : energy.Still a new company,cannot judge this early.However recent QOQ and YOY shows improving sales and profit.Currently forming low cheat of VCP pattern.wait for upward breakout of the square with high volume to confirm successful setup
Sector : energy.Significantly increasing QOQ and YOY sales and profit.Technically just broke out from low cheat setup,with very high average daily volume.
RL breakout to continue Elliot Wave 3
-breakout with volume on 27/9
-Elliot Wave continue to Wave 3 (the longest wave), if price drop below 0.58 this wave is cancel.
-target 0.76 to complete the wave and hit fan
To check FA
it may have a strong hot money or it is also not smart as there is a potential Seller to breakeven.
Overall stock performance yet to show strong moves.
Bull rate medium and low
RL looks like making a Cup&Handle Pattern.
if retrace happen, the handle will be formed.
i predict that 0.530 is good support area before it shoot to the Moooooon haha
first TP after break would be 0.750 for me (as Close the Gap). others u can find on your own.
To be consider, this is just a sharing idea. any risk is depend on your Trading Plan.
T.A.Y.O.R
Gap at : 0.735
RL has created the Head and Shoulders pattern. It is likely that the price will go down first.
Target at : 0.400
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
#TAYOR
