This is one of those risky bio-tech stocks that you either have to take one of two strategies. Do your research and hold for a long time.....or.... play the parabolic pops. I am not a parabolic stock expert, however, my two cents is that we are starting to see a parabolic breakout. Notice how it starts to curve upwards ever so slightly. MACD, Stoch RSI and...
While I know many think the #SPY, #SPX, or S&P 500 is due to end it's bull run. I will avoid any grand predictions for now. Expect the week to start off well, however, I am not sure the end of the week will end well. At best expect a marginal gain for the week. At worst expect a sharp decline by early next week. Why? 1. the market is forming a raising parabolic...
SINA is setting up for a nice 1.61 RR on the weekly chart. MACD is leaning towards crossing up. Stock RSI is setting up for an up move. OBV is trending smoothly up. Overall shape is closer to a parabolic breakout. Notice angel of ascent continues to rise. However, please do take not of commentator analysis from Bloomberg: "Technology, financial and health care...
KGC formed a H&S (dominate pattern) however it has also formed a double bottom. the H&S is ever so slightly trending up. Always keep with the trend. Also, if you believe gold is undergoing a bottoming out for a potential breakout this year, this is an excellent stock to follow. This is from their most recent earning report: "The price of gold is the largest...
This stock has began forming a H&S, however, it is part of a raising wedge on the daily chart. Further on the monthly chart it is forming a parabolic breakout. This stock is currently consolidating for a large breakout move in either direction. I would wait to see if it declines to $65.65, then enter or rises above $65.70. This is a stock to watch!
MPX Short max 2.5 RR H&S in progres with flag down. wait for the flag to complete, then enter the trade with a short. Suggest an exit at the first level of support. Make sure to stop out if flag rises above right shoulder.