You can see the trendlines. White (hot) trendline is formed by the irrational exuberance of the dot-com bubble. Oil prices ran hard, then the global economy collapsed. Then we see that trendline touched again in 2008, during another period of irrational exuberance. So where are we today? Irrational exuberance - GameStop, bitcoin, GameStop, global housing...
Going under $0.86? Huge moment of truth coming.
My last prediction worked out so well, I thought I'd try again. After completing the wedge, BTC broke down to support at $34K, then rebounded to test $41K - It's still trading in a huge range. After two quick tests of $41K, it fell below the new upward trendline. As it bounced off the trendline, $BTC broke 50 on the RSI, but the RSI reversed. Encountering...
I see it trading inside these trends until the ascending triangle pushes prices over $74 resistance. Once past $74 it gaps up to $80 quickly. This is oil, this prediction can easily change based on geopolitical factors.
Pandemic lockdowns across the country, big miss on earnings, losing $15 million a day. My guess is that AC drops to test $23 when the current pattern completes. I'm not confident that $23 support will hold. The only good thing to say about Air Canada, is that they have government cash pouring in. The government of Canada might not let AC die, but they've let the...
$BORR's current location on the Gann Fan is fine. You can see $BORR got ahead of itself, into that 4:1 turf. Now we're nicely consolidated, waiting for the next oil push.
Bull flag has formed, I'm optimistic we'll see another nice big pop once oil gets back on track.
I think the chart speaks for itself. Get in under $1.30 - Target $1.80 for quick 25% win.