Tesla hit significant support today, Monday, May 20th... Monthly bars: ...and it hit the demand line of the normal downtrend channel and buyers gobbled up shares. Should see a bounce but it will likely need to retest today's (Monday's) bar. Daily bars:
The demand line of the ES coil is being challenged tonight. By tomorrow morning we should see for sure which way it'll break. 3-hour bars as of May 22nd at about 11:10pm CDT:
I'm considering adding to MET. That hypodermic shown below on a 65-min-bar chart also shows up on the daily. It also shows up on the 1-minute chart with 58k volume. I'm suspecting it was some kind of test by a Composite Operator checking for overhead supply, a finger finder, that will be retested. 65-min bars: On a 25-cent-box by 3-box reversal P&F with 65-minute data shows that the latest TR is about ready. I'm also showing a downside projection but my bias is to the upside since the base and first re-accumulation counts have not fulfilled their projections yet.
Think I got another possibility here in SFLY's setup, which has seen enormous volatility over the last year and a half It recently tested the very bottom of the massive selloff from November 2018, but it doesn't look as though any supply showed up From a volume profile perspective, it's attempting to jump back inside of the 1st stand deviation from 2018, where the point of control was way back around that 77 level (you know how much I love those reversion opportunities) Looking for a move above the 50 mark (SOS) for confirmation before entering any position
Before I go to bed, also wanted to add $SMAR to the list too (will post a chart tomorrow). Has consolidated nicely in the low 40's after its big run up.
Slightly concerned with EVRI as we approach the final two days of the month. On 5/23 she gapped up from 11.21 to 11.74 then proceeded to run to 12.25 Couldn't find any real catalysts in the news or around social media other than some obscure Seeking Alpha post that Everi Holdings discussed "looking into a sale" I assume was overheard at some conference they were attending Dunno if it means sale of the company or maybe a divestiture of an asset. It has since sold off and close toDAY at 10.94. @Onepoint272 could I be looking at a UTAD? Did I mistakenly dismiss a supply bar from last month? Or possibly the opposite here - manipulation to buy in cheap for said "inevitable sale"? Aside from that, this is the 2nd time now in the last 6-7 months where the market has made me question my desire to keep trying to stick these positions out long term. My bread and butter has been holds 2-3 weeks to 1-2 months.
I don't think you can call a UTAD yet. That volume you are pointing to in the month of April 2019 (on your chart above) was not a "supply" bar because there was no price movement. Yes there was high trading volume but since price did not move, supply and demand were in balance. That bar closed the month of April at 10.29. The previous bar, the March bar, was a demand bar (large volume and upward price movement) that closed at 10.52. This month's bar, the May bar, ran into the resistance line at 12.25 (see monthly chart below) and is an outside bar so far, but it is outperforming the S&P and is currently midrange with 2 trading days left in the month. On a daily chart ( 2nd chart below) it is in an uptrend but ran into selling at the 12.25 resistance line (shown on the monthly chart) and is currently in a down-wave that is approaching support at 10.69. The last volume on Wednesday appears to be twice that of Tuesday but with less downward progress indicating that although supply is still in control, demand is increasing and may overcome supply soon, so the support line may hold. I may look to follow your lead and take a position there once I see the reaction to that support. Monthly bars: Daily bars:
Setup for $DISH. It's been accumulating for about a year, as the company attempts to build upon its legacy business with the vault of 5G full spectrum it has been hoarding. The interesting part is around May 20th news hit that the FCC would rule in favor of a Sprint/T-Mobile merger. $DISH dropped over 10% - as speculation is a merger would mean neither would attempt to buy DISH's 5G. Notice the reaction at the Point of Control (POC) - that is the most active price during the one year trading range and by all appearances buyers reloaded New information was released that even though the FCC was in favor, the government is not Verizon still remains a very possible suitor for DISH's 5G even if the merger goes thru On a confirmed breakout from "The Creek", I've got next resistance at a Low Volume Node (LVN) around 39, which would offer a nice opportunity to pull back for a BUC. That 39 level was also the low in 2016 (not pictured). Multiple high volume sell offs have been overcome since October 2018, which leads me to believe the CM is now in full control of the stock.
Rally watch...the S&P futures showing shortening of downward thrust (so far) in an oversold position (below the demand line of downtrend channel). 3-hour bars:
I like the setup also for DISH right now and looking for a slingshot move to about $39.75 I played it on Wednesday sold out of both stk and opt on Thursday and Friday just didn't like that drop in the DOW Friday going into this coming week. Even with the DOW dropping 300+ points it still had upward momentum which indicates it's caught the attention of the street.
$ATNX Still trading at a discount to 2018's point of control $17.00 (first target) after it rejected new lows in 2019 PnF measurement from LPS to SC is 12.50 + (25 x 0.25 x 3) = $31.25 CEO and Chariman of the Board Lau Johnson Yiu Nam increased his holdings from 2.8 shares to 3.02 million between November/March Perceptive Advisors (10% owner) purchased 100k more shares on 5/6 (totaling 9.196 million) Low-end support should be around $12.50 Seems to me that with all that insider buying the CM now has full control of the stock.
That's for sure! I would advise you to pay attention to this resource http://leader-education.com/story-of-success/. They offer very high-quality training options in universities in Ukraine for foreigners. In general Ukraine has a strong medical educational base and proposes great opportunities to all who wants to take good MBBS. Much more low cost of study doesn’t indicate it’s quality — Ukrainian teachers and professors give European-level knowledge with practical experience. This is why I think that studying in Ukraine for foreigners is a very good option.
Appears the rally alert has ended. The ES has gapped lower this Sunday evening extending last week's downward thrust. The potential for a move to 2712 is in the works unless we see some sort of save in the regular session. 3-HOUR Bars:
Some Wyckoff vs.Volume Profile fun ..... well not really, they're both positive tools that can be used together to make an informed trade decision. The volume profile predicts that since the 2nd Std Dev was rejected, a natural reversion to May's most active price will take place (entry $37.89) Wyckoff requires a jump over the creek and back-test on light volume before confirmation ($38.20)
