ZeroEdgeCapital

ZeroEdgeCapital Updated 

Since late September 2018, SIRI has bean brutally beaten down by the 6.38 level. Today it finally broke through convincingly. One could consider a long position at around today's closing price with a stop either right below 6.38 or somewhere below the steeper rising trendline shown here. GLHF

ZeroEdgeCapital Updated 

RRC has rallied strongly off its early January lows, about 25%. The rally seems to have lost some steam though resulting in two bearish candles right around a resistance level on January 15th and 16th. I went short at the closing price of the January 16th inverted hammer. Feel free to zoom out on the chart to see why I drew the resistance level where I...

ZeroEdgeCapital Updated 

CVNA has broken out of a downtrend that started in mid September. It is also testing the resistance line of a rounding bottom that started forming in early December. I went long near the closing price of the breakout day based on break of downtrend. This trade would be considered premature in terms of the rounding bottom thesis but I may add to my position if...

ZeroEdgeCapital Updated 

RRC has broken well below the long term channel that has been forming since the beginning of this year. One might consider shorting this to around 11.93 which is long term support/ resistance, a 20% gain. A possible move to that area is confirmed by the height of the channel. One might consider a stop loss at 15.40 to be conservative.

ZeroEdgeCapital Updated 

SIRI might be trying to form an inverse head and shoulders pattern with 6:38 as the neckline. This 6.38 area also served as resistance earlier this year. If price breaks through the neckline on increased volume, one might look for a target of 7.20, about a 12% increase as implied by the height of the head. Good luck; have fun.

ZeroEdgeCapital Updated 

LC reports earnings today after the bell. A breakout above the upper bounds implies a 25% price target from there. If earnings are bad, short to the bottom of the channel and look for possible breakdown. GLHF.

ZeroEdgeCapital

If NBEV closes above the descending trendline and out of the falling wedge in the next few days, look for a conservative 20% upside target but keep a stop-loss tight below the low of the day during which it breaks the line and move it to break-even as soon as is comfortable. If it breaks below the rising trendline then short it to the bottom of the falling wedge...