mr5neak

mr5neak

Potentially accumulating right now, publishing so that I can follow to see what happens on this one! Note that I've charted using Heikin Ashi as it paints a clearer picture on this. I've drawn roughly what you'd expect to see from here if we are in an accumulation range. Phase A: The Preliminary Support (PS) indicates that some buyers are showing up, but still...

mr5neak

We look to be completing a short term corrective wave here, turning long term resistance into support coinciding with URNM finding support at the .382 Fib Retracement level last week. While I don't love this recent week's candle I'm not too concerned and will look to top up should we touch the .5 and .618 Fib Retracement levels over the next week or so. Price...

mr5neak

Couple of things to unpack here, we're at a Pivotal point right now just holding the .618 Fibonacci retracement level on the recent move. DOW Theory suggests "The secondary, or intermediate, trend represents corrections in the primary trend and usually lasts three weeks to three months. These intermediate corrections generally retrace between one-third and...

mr5neak Updated 

I believe this is a consolidation phase before the continuation of the current trend that is upwards, beginning on 3 August 2023 when the price bottomed at .051. marked in the green rectangle below. Since price peaked on 28 August 2023 for an intraday high of .125 we've seen a total of four reversals of price action, all within two converging trend lines. This...

mr5neak

Recent events have caused what was a 'guaranteed' FDA approval price-pump to fall 40+% at their low (so far) with FDA requiring additional 'Patient Instruction update'. I'm looking for a short term move back to .14-.15 on bullish divergence, bearing in mind there's a much larger hidden bearish divergence occurring simultaneously. I don't believe we breach .15...