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HI Spike,
have you seen HAWK. If my chart drawing is accurate, it just bounced off it's lower channel in ascending trend. Although MACD rots.
What do you think?
thanks
margie
Hi. Weekly chart has channel long on March 23rd and another one at yesterday's low.
That triangle is in reverse ascending. There's an interesting pattern for ya. I think a break down of the triangle would be pretty bearish especially considering the channel long recently. But until then, it's got a bullish bias. In fact, yesterday's double bottom would have been perfect.
Hey bro! Now that is some pretty charting! That is exactly how I would have drawn it.
It sure is weak. Today's intraday pivot at 3.90 sure is a good short - pity it's not available.
The weekly channel long from 1.96 while it remains upwards will be a good long opportunity. Again, wait for it to tag, intraday pattern for the buy. Remember it had that significant weekly channel bust on the first of those 2 tops, which means the sell off has been a correction to weekly significant support, which is the channel. That's the spot to lie in ambush. That's the place you can trust ZICA enough to give it a chance.
SCUR weekly:
has work to do first. Right now, smart bears are looking for a short entry at 3 completion, to look for the 4 move, and potential gap fill.
SNHY: here we are waiting for an upper channel tag to short, and the thing gives a channel long today. Right now a double bottom buying opp at 31.15 for those wanting a smart aggressive long entry.
EDIT: OK double bottom failed. Look for the inverted Head at say 30.60.
Also an inverted SHS with neckline break. These are the patterns you want to look for when looking for your buy location. This combined with the daily channel long puts in the box seat with very cheap tickets for the show. It's like a gift presented to you. All you have to do is execute and take it. And the market is an Indian-giver, then you only pay the minimal price for the ticket (i.e stop out cost under LOD)
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