CaptainMagic

CaptainMagic

Notes on chart give more detail. Idea based on fib levels.

CaptainMagic

Forgive the cheesy acronym, but we've recently begun impulse Wave III and are nearing the start of impulse Wave 3, within it. It's the largest impulse of the largest impulse and I'm hoping for some noticable upward movement. Surf's up. I know the chart is kind of jumbled, but read the callouts for clarity. I'm using three tiers,...

CaptainMagic

It looks like CRNT will break out of this little embedded downward wedge and head back to the top of its downward channel. Based off of divergence between stochastics/price and, also, MACD/price. Looking for it to move next week.

CaptainMagic

It looks like CRNT will break out of this little embedded downward wedge and head back to the top of its downward channel. Based off of divergence between stochastics/price and, also, MACD/price. Looking for it to move next week.

CaptainMagic

ELNK is at the bottom of its downward channel with MACD/price divergence, recently. MACD and alligator showing buy, stochastics should show buy, tomorrow. Once it breaks through key resistance at $4, look for it to head to the top of this minor channel at around $4.50.

CaptainMagic

testing support of 20EMA. could have passed today and be moving up tomorrow, or it could continue testing that level, tomorrow. If support holds, look for a bounce toward upper limit of this minor channel on the 60min.

CaptainMagic

MACD/price divergence suggests a reversal is coming. Possible entry when the stochastic and MACD buy signals come across. A break through 20EMA followed by a break through 100EMA on high volume should yield a big swing north.

CaptainMagic

A long downward wedge looks to be setting up for reversal on MACD/price divergence. Looks like an exhaustion gap down to confirm; however, press is not good, here, for JRCC. Technical vs fundamental, which do you choose.

CaptainMagic

*updated chart notes and reposted in a later publication* MACD/price divergence suggests a reversal is coming. Possible entry when the stochastic and MACD buy signals come across. A break through 20MA followed by a break through 100MA on high volume should yield a big swing north.