VelvetBarbie

VelvetBarbie

Gravestone doji (B) (open and close are within 5%, otherwise would be shooting star) Reversal is confirmed by bearish counter attack 2 hours later (A&C). I used the 10/50 MA Cross on an hourly chart by placing the fib retracement on the bullish crossover. A Bearish Counter Attack retraced CEI back to the 50% level retesting support (D) with indecision (Doji) in...

VelvetBarbie

For the past 24 trading days the RSI has been trading in the 20-30 range and yesterday (9/28) is the first day it reached slightly above 40 signaling more confidence than it has in the last month. The volume traded today, Sept. 29 (2.1 million, RSI 41.51) was 3 million less than the day before, Sept. 28 (5.1 million, RSI 44.51) which I am going to assume the bulls...

VelvetBarbie

Will SPCE make it to the moon or is it another fake out breakout???? In analyzing the 2 hour time chart for SPCE you can see that it is teetering the oversold area yet the MACD is still in a bullish uptrend with no sign of change in the trend so that is promising for SPCE. If the bulls can push this past prior resistance of 21.70, SPCE will certainly head in the...

VelvetBarbie

Cup and Handle bullish breakout for GLNG! Following the news of GLNG's joint venture "HYGO" to be listed on the NASDAQ, GLNG had previously formed a cup and as you can see the handle where the bears tried to take control leaving the stock trading in a channel between 9.02 acting as support and 11.01 as resistance. Following the news, the bulls took full control...

VelvetBarbie

10 day MA reversal and curl. Today's candle is just now passing though the 10 day MA but still presents an opportunity for the bears so if the bulls keep the price up we may be able to break this and that should give confirmation of a bullish reversal. Inverted hammer appearing after the series of red candles is indicative that a reversal is about to occur....

VelvetBarbie

On the 15 minute chart, the BB are indicative of a nice squeeze between support at 30.64 and resistance at 32.78 (which was Sept. 4 previous support and is now current resistance). On Sept 8 with the news of a partnership with GM, the stock surged from 35.63 to breaking through previous resistance of 37.32 to 54.50 in a day! I always say "what goes up must come...

VelvetBarbie

On the daily, RMBL is indecisive which is indicated by the Doji candles. The bears have not been able to push the price down since Aug.21 past support at or around 29.10. With big tech sell off last week, RMBL touched support on Sep. 8, 9, and 11 but the bears could not push it lower. Bollinger bands are wide open indicating volatility in price, so no squeeze...

VelvetBarbie

Looking at the daily chart on OPES there is a nice bullish engulfing candle confirmation with smaller wick (larger the wick larger the sell off), not overbought, not oversold, bullish side of RSI trading above 50 MA... this is prime for takeoff and it won't stop... unless it contracts COVID19... and it just passed past resistance from 8/14 and 9/2... new support...