gkm

gkm Updated 

Holding the 200 SMA. Looking for at least a pop to the mid-point in the coming few weeks. Double daily close below the recent consolidation is stop i.e. below 0.60. Break of 0.90 on volume could be considered as a trigger.

gkm Updated 

Some people claim there are no triple tops. While this doesn't strictly apply here (it is a box play after all), I'm willing to go with it all things considered. Breaking up on volume. Safe target should be 7. Based on this set-up it should just move out steadily but it could still consolidate back into the box. Tentative stop would be double daily close below...

gkm Updated 

Time to look for an entry. Apparently, I need to say more to publish this. Okay, good.

gkm

Key area of interest in the $4 range. Oversold on multiple time frames. Back to area of breakout. At an annual pivot. Potential weekly and monthly stochastic divergences, but only minor ones and not confirmed. Worth a small shot with 40 cent trailing stop and first target 4.80. Then reevaluate.

gkm Updated 

Not at all sure of the viability of this company, but probably worth an entry for a moment trade above 0.80. Price plus volume required. Half off at least after a double, should it go.

gkm Updated 

If there were a meaningful, detailed analysis of this idea, it would be entered here. Targets as indicated. Stops double close below the 200.

gkm Updated 

Strong channel from the pandemic lows. Not getting the volume yet, but this may be early. Key is the 55 EMA as it has been strong support along the way. Not oversold daily and running sell divergence monthly. Shorts in this market need to be choosy but this wouldn't be the worst choice.

gkm Updated 

I miss Robin Williams' brilliance. 200-500 daily so long as Cathy can hold above 39. Targets as marked. Stop say trailing 2.00.

gkm Updated 

I really like their cars for some reason, especially the truck. Problem is the company is likely going bankrupt. So, if Canoo's management were smart they should have gotten in touch with Apple to say 'We've got a car for you. Stop futzing around trying to create your own and instead spend some petty cash to buy us!'. The weekly buy divergence is very strong...

gkm Updated 

Range bound. A break above 4.24 should bring 5 first and then 6. Your mileage may vary. Yada.

gkm Updated 

The market goes from insanity to insanity. That is a given. Stay rational while others are losing their heads. This stock may be a case in point. It looks like its real value is in the price of the stock and not for any other reason. It doesn't seem to return anything to shareholders except the hope that another sucker will be drawn in by its high price - at...

gkm

1) Ridiculously overvalued. 2) Coiled stochastics monthly. 3) Overbought on all timeframes. 4) Heavy institutional ownership. 5) Log chart shows channel. Linear chart shows extreme price deviation. It can always go higher, as human stupidity is boundless, so just saying.

gkm

I've noticed this apparent pattern since the Fed began raising rates last year. It may go back further. The pattern is that the SPY close the day following the Fed announcement, i.e. Thursday, versus the close on the Friday (and the range of these) has provided a predictive edge for the pattern leading into the next announcement. Category 1 (blue checks):...

gkm Updated 

In the theme of this: Notice how the last 2 times there has been a close above the 50 EMA there has been follow through to the upside. Whenever there was a prior close below the 50 after a close above there has also been follow through - only to the downside. This trade is therefore straightforward. Buy weakness on the shorter term timeframes such as 15 and...

gkm Updated 

Scanning gold charts this looks like best of breed for a potential quick pop. Not over bought daily and just oversold weekly. Double close below the annual pivot would be stop. Upside up to 7ish.

gkm

A bunch of support here and stochastics look good on all timeframes presently. A move above 43.50 puts it into a 200-500 moving channel. Next resistance is the 44 figure. 47.50 first target and then 49.40-51.50. Stop would be daily close below 41.70 so RR is reasonable. Volume is currently light which is not fatal but also not ideal. With bank earnings now...

gkm Updated 

Another 200-500 moving channel daily. For this one, the monthly's have been consolidating inside for the previous four months. The move out of this range should be at least the size of the largest of the four inside bars; in this case about 1.00. Overhead is also the annual pivot. Stop out on a monthly close below the low of the last close of the four bars...

gkm Updated 

Is XRP about to pop? It's right at a key long term support resistance area and just broke out of the recent downtrend. FWIW, my take on XRP's legal position against the SEC is that it is pretty sound. My opinion is worth nothing however. Adam Smith said do as your banker does - also fwiw.