ABC Bullish
WKHS has definitely been struggling..
ABC bullish is an ABC/D sort of pattern but D is not here yet..so I call it ABC..lol..It is a corrective pattern and is a measured move down..
Targets are calculated using the AB leg and fib levels then added to the long entry level..
NV has been decreasing since price hit 11.90ish.OBV is high and short interest is low..no rising wedges in the yearly chart..RSI is tilted up and the stock is not overbought...monthly candle is a red hammer and weekly is a doji..the 5 MA crossed down through the 20 MA a few days ago and is tilted down. The 50 MA is tilted down. The 100 and 200 are pointing up. If I look at moving averages, then it looks like this one may struggle a bit more...time will tell..
Ichimoku cloud also indicates a tough time in the near future but then the cloud turns green..be careful with your entry and good luck!
Not a recommendation
Happy Holidays!
ABC bullish is an ABC/D sort of pattern but D is not here yet..so I call it ABC..lol..It is a corrective pattern and is a measured move down..
Targets are calculated using the AB leg and fib levels then added to the long entry level..
NV has been decreasing since price hit 11.90ish.OBV is high and short interest is low..no rising wedges in the yearly chart..RSI is tilted up and the stock is not overbought...monthly candle is a red hammer and weekly is a doji..the 5 MA crossed down through the 20 MA a few days ago and is tilted down. The 50 MA is tilted down. The 100 and 200 are pointing up. If I look at moving averages, then it looks like this one may struggle a bit more...time will tell..
Ichimoku cloud also indicates a tough time in the near future but then the cloud turns green..be careful with your entry and good luck!
Not a recommendation
Happy Holidays!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.