dencor

dencor Updated 

Chart Watch: 7/13 - CGC is now more likely in a W(IV) double three that is going to end in a 3-3-5 extended flat correction. On the 3rd leg impulse wave down within the 3-3-5 flat correction, we are looking at a 3rd Wave extension. Scenario: 3rd Wave Extension: W3 is longest and can be any length. W1 and W5 are equal length (1.00) Status: IN PLAY W1(0) =...

dencor

7/7 Current in W(IV) on the Weekly timeframe - Yellow count is invalidated if W(IV) drops below W(I) at 13.95. - White count is invalidated if W(IV) drops below W(I) at 11.90.

dencor Updated 

6/29 - what could have been the beginning of the 3rd wave starting in mid April failed to materialize as price action headed into a descending triangle. Therefore I had to re-position the count of Wave 1 to April 30 - With the re-positioned count, we are currently in Wave 2 nearing the end of another descending triangle. If this holds true, we expect price to move...

dencor

7/2 - Overall it appears ACRGF started it's life in a Triple three: Zig Zag, Triangle, Zig Zag pattern and currently in it's last leg for completion. - Next level of support at 15.84, then 11.99 - ACRGF may buck the current downtrend if it is able to break through upper trendline

dencor

6/27 - Signs entering correction Wave IV - Wave II retraced .382 of Wave I, Wave IV may retrace .618 of Wave III sharply in accordance to alternation guideline - Bearish plays would be a counter trend trade against an overall very bullish stock, so manage risk accordingly. - Short term bearish, long term bullish

dencor Updated 

6/25 - Several counts indicate an upcoming bullish wave (V)/b - Recent price action holding above 2.20, for a 61.8 golden pocket reversal in wave (IV)/a - Confirmation - Price break above previous high of $2.89 to confirm an uptrend. - Invalidation - Price breaks below 1.23 into Wave I territory - RSI shows recent gathering of bullish momentum trying to break above 40

dencor

- Price broke below previous all time low of 2.85 closing at 2.56 - Next level of resistance at 1.45 - RSI is weak below 40 - No signs of reversal just yet

dencor

Disclaimer - first time applying EW and I barely know what I'm doing.

dencor Updated 

Hitting the top line of apex wedge and $40 resistance level. Let's see if it breaks through. Chances are it should bounce down tomorrow.

dencor

Currently in consolidation within the control zone. Watch for a close above $30 to break out into an uptrend or a close below $26.12 for a break out into a down trend.

dencor

Short term: Price closed right at $31.69 Fibonacci support area today on Jan 25 2018. Potential support bounce up entry tomorrow on two supports: Fibonacci as well as 30 DMA. If price breaks below support, next support $27.91. Long term: Strong up trend with a pennant pattern forming recently.