CLVS woke up with a monster 114% pump from ATL due to positive phase III results from their Athena Mono Trial. With all retail getting bullish including Seeking Alpha articles issuing a clear blue skies $88 PT, I see this pump having 3 possible outcomes: 1) MOAR Dilution - CLVS has a history of diluting and milking shareholders with share offerings in 2013,...
Crazy Cathie Classic. Not too interested in TDOC, but I am looking for wycoff accumulation structures. Monthly RSI is close to oversold with monthly bearish momentum on MACD decreasing. Additionally, looking at the volume profile, the price at which most shares exchanged hands is at $34.43 which coincides with The Golden Pocket Ratio between $31.17-$34.89. Time to...
Considering TNXP does... well... nothing, EBS underperforming TNXP is disappointing. Still holding and will continue to buy shares if SP falls back into the gray area at $25-$32. Monthly hammer + continuation off a high volume node + 2.618 fib should indicate a trend reversal. EBS was never a "squeeze" play because it's already worth a billion dollars....
Apparently, there will be a WHO meeting next meeting concerning how serious Monkey Pox is going to be. Potential Long Term Head and Shoulders forming. $25 is a long term support level and Monthly VPOC. Speculative trade back to the 200W MA at $60
TLRY and CGC seem to be retail's top picks for the MJ industry, but I really dislike both companies. Therefore, I'm going to stick with the ETF instead. Surely, fund managers know what they are doing :D. Monthly RSI is oversold + Monthly Bullish Divergence on MACD. MJ falling below VAL and the 1 fib at $6.7 with below average volume indicates recent price action...
NZD/USD wicked into the golden pocket with a weekly hammer and bullish continuation + Weekly Bullish Divergence on RSI. Monthly TF forming a dragonfly doji.
Down 90% from ATH, LINK is finding support in the golden pocket ratio ranging from $4.17-$5.71. I believe crypto is an accumulation range similar to last summer. Whilst I doubt LINK is going to make a new ATH, it's about the percentage point gains for me, and not the price of the coin itself.
Not sure what this is, but ETC is probably going to reverse and pamp around the fibs between $12-$14. Additionally, there is weekly bullish divergence on the MACD. Bearish momentum is decreasing.
With crypto nosediving into oblivion, gold bugs are starting to crawl out of their caves. I'm not really sure why Gold Bugs are thumping their chests especially when Gold has done... well... nothing for the past 10 years. Fun Fact: 11% of Gold's market cap is allocated to industrial application. Ok. Gold's market cap is 11.7 trillion. 0.89 * 11.7T = 10.41T. So,...
A lot of cryptocurrencies pierced right through their 200W MA including bitcoin, but TOTAL is holding at the 200W MA, 2018 ATH, and 1.414 fib extension. Expecting a retracement back to 1.2-1.5T USD where the 20W & 100W MA are positioned. My final buy signal was a family member telling me they were debating whether to cut their losses in crypto.
Cockroaches Love Vanilla Smoothies. Maybe. Regardless, BMY has been hovering around a long term resistance level at $76 with bearish divergence.
Only two other times in history have we seen a 6 Month Bearish Engulfing Candle: 1929: -84.15% from ATH 1973: -49.93% from ATH Needless to say, the long term bottom on SPX has yet to be found. Note the decrease in volume during this insane SPX bull market rally. Regardless, I believe a bear market rally is incoming as we approach closer to the America Midterm Elections
I wanted to buy some ATOM crypto, but accidentally stumbled onto the stock ATOM instead. Weekly Bullish Divergence on Momentum, Money Flow, RSI. ATOM is spending a lot of time hovering around the 1 fib level at $9.3, but I believe there will be a final flush to the $8 range. Tons of confluence between the .618, 1.618 fib and a historical support level. Setting buy...
2 bottom signals b2b on Cipher bouncing off the 1.618 fib at $136 should indicate that a temporary bottom is being set here for MSTR and probably bitcoin as well. Relief rally incoming back to the 1 fib level/Yearly VWAP at $278. Last week's barrage of FUD was strong ranging from MSTR's supposed margin call to Celsius's liquidity concerns. That being said, the...
Potential Double Bottom forming at the 1 Fib level at $649. Expecting a retest of the Yearly VWAP/.618 fib at $850-$900. Imo, $620 will not the bottom for Cathie Wood's beloved Tesla
URA failed to make a higher high and got smashed at the .786 fib at $28.25. Weekly Money Flow and Momentum coming down. URA will hit the 1 fib at $17, and most likely the .618 retracement at $12. Fun Fact: Despite Elon Musk's endorsement of nuclear energy, just focusing on Electric Vehicles, there is a metric called the "Wells-to-Wheel variable" that measures the...
With today's morning fiasco, XBI wicked down and touched the 100M Moving Average where we last bounced on March 2020. Volume is climaxing with hidden divergence on the RSI. This is the largest correction XBI has ever had its history currently down ~50% from all time highs.
It's hard to find a dividend portfolio that doesn't contain Realty Income in it. Chunky 4.2% dividend + monthly dividends instead of quarterly. Technicals paint a less rosy picture. On the monthly timeframe, price wicked up to the top of the bollinger band & .886 fib, got rejected, and formed a gravestone doji. Weekly time frame already shows the continuation of...