The fundamentals remain strong for the yellow metal, but, in the short term I'm expecting the dollar to backtest the 200MA before continuing lower. This will also put downward pressure on Silver . Gold is having trouble holding above the 200MA DXY inverse head and shoulders
- Biden has used the defensive production act to speed up PPE delivery - Alpha Pro Tech manufactures and sells disposable protective apparel and building supply products in the United States and Internationally. - High quality producer of N95 Masks - Double bottom @ $10.60 and recent break of a descending triangle structure - 20/40 MA sloping up on the daily and...
- 36% short float - possible short squeeze - Short term speculative play, high probability of bankruptcy - Entry at $2.81 - IV is high, sold Jun 18 '21 $7 Calls for a 0.60c premium - ACB $2.21 - P/T $5/$7 - Stop below $2 support - Low risk, high reward potential
- Strong momentum from the coach brand - China penetration and ecommerce growth - 40% of stores are outlets in outdoor retail settings that have seen more foot traffic than enclosed malls - Expecting 5th impulse wave to extend to long term descending trendline at $45 - Could see pullback to the 40MA - No position yet, stock is on close watch
- Recent history of strong earning beats, expecting continuation into Q4 - Lumber futures have surged over 155% since their lows on April 1st, Lumber has since pulled back sitting at .618 fib, looking for continuation to the upside. - DIY projects and improving housing market is providing a steady demand for wood - Strategic timberlands in the Pacific Northwest...
Short term trade, expecting to fill gap overhead Break out yesterday after weeks of consolidation and retest today on 0.51 RVOL Sector looks like its gearing up for a breakout in the next couple of days MACD turning positive P/T $20.21 / $22
- Huge surge in online shopping, supported by steady essential end markets such as food, beverages, and health care. - The company's Injectapak pharmaceutical packaging that houses a series of syringes or vials places it in a position to negotiate a possible deal with firms that develop a successful COVID-19 vaccine. - Corrugated boxes in short supply for the...