Good for long term buy and hold, I am looking for a swing opportunity and there is not one atm.
I hope so as long as the market stay in the up trend...
Let's hope this will be weekly higher low for another explosive move :) I did started a starter position around here.
Good timing, coincided with MACD strategy.
I checked the fib retracements and @tsx_trader is bang on. Its forming a falling wedge and consolidating right into the zone and the momentum is turning around. It could bounce/consolidate around 2.38 and head back down to the 2 support level and make another run. That would be an optional place to scale in additional funds. with a SL at 1.90 the risk/reward is...
I'm sure many people have been frustrated with this ticker for the last month in the half since there has been so much chop, meaning it's likely a time to back off and let it play outstay on the sidelines before some clarity reveals itself as there are always better plays for the week to be putting your attention towards. Let's not forget this had a 500%+ run...
I like the chart. Equity position, on a swing trade Buy at 2.10~ OR confirmed reversal Stop loss at 1.90-2.00 Half profits taken at 3.18 Other half carried over for potential breakout or taken once the reversal to downside is confirmed. For those of you who do long term investing and are already in, 2.10 is likely a good spot to accumulate.
Let's see if the stock can break this down tunnel with ER.
Consolidating at the moment, shows in-direction. Indicators are not yet bullish and the earnings can be unpredictable. The level of support at 2.10 is abundant non the less. I am still waiting. This has been a big winner for me before.
The market gonna decide short term trend of DOC.V
working on holding current GP support.
$DOC has found support right around its 8 and 21 EMA. If MACD begins to cross up, that would be a good sign. This stock also has beautiful accumulation volume over the previous session. With the volume drying up but the price holding up well, I would like to see a breakout above the trendline to test its ATH and beyond. This might also follow in $WELL's footsteps...
DOC is breaking out from previous high on strong volume. Macd is rolling over to bullish I am buying the break out for a 1-2 day swing. Unless it opens at a big gap up tomorrow OR It opens and starts going down which I doubt.