The stock tried to break out on Oct. 16th but failed to hold it. Then it went into accumulation for another 2 months. It broke out again on December 14th, on the 15th it tried to fall back into the accumulation box but has held its support and stayed above it for the next three days. The next resistance should be up around $8.50.
Chart pretty self explanatory. - used EWT and proprietary techniques I developed in confluence to obtain targets - used Gann to establish time to target - used common sense to "risk" September 5.00 calls for 1.10 last week (currently 1.40, expecting them to go for 3.00-5.00 before expiration) I recommend waiting until downtrend breakout for entry if you're not...
$LUNA - Strong momentum runner. Volume drying up, price tightening up - Watching for potential break of downtrend resistance
The downward trend may continue until the end of this year if profits do not recover
Bullish Butterfly Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT POTENTIAL BUY
Bullish Butterfly Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT POTENTIAL BUY
Luna completed a golden cross 11/13/20 and has been trending positively since. Breaking through resistance at $10.24 sets the stock for yet another high, this has potential to be in the low to mid teens. Other factors to consider: Institutional Ownership has increased throughout 2020. Earnings are on an uptrend.
LUNA $11.67 This ticker is more for charting practice not an investment A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle...
Chart with 4 hour timeframe $LUNA
EW perspective on Luna. Appears to be in ABC correction with a little more upside left before dip down, then possible start of wave 3.