Panjang
FMSA long term buy
Been in since 50% lower, pretty much bought just after the bottom but long term still looks good.
Historically the past 5 times the RSI on the (daily) has been this high there has been a decent retracement, apart from where it was a toppy choppy mess, and it isn't currently ranging as such. This is where I plan to average in further. Combine this with hitting the top of the daily cloud - seems prudent. If it breaks the daily cloud I will look to average in more.
Weekly has had a nice C-clamp formation, combined with the bottomy prices and unfairly bearish market for this company and the decent buy volume I think this is a good buy still.
Long term (1 year+) target is $7
Happy trading!
Historically the past 5 times the RSI on the (daily) has been this high there has been a decent retracement, apart from where it was a toppy choppy mess, and it isn't currently ranging as such. This is where I plan to average in further. Combine this with hitting the top of the daily cloud - seems prudent. If it breaks the daily cloud I will look to average in more.
Weekly has had a nice C-clamp formation, combined with the bottomy prices and unfairly bearish market for this company and the decent buy volume I think this is a good buy still.
Long term (1 year+) target is $7
Happy trading!
Nota
We are breaking out of the daily cloud, let's see if it closes outside for a Kumo breakout long.Nota
10% jump in a day. Nice.Nota
still worth noting the RSI is in historically oversold territoryNota
High volume on a Friday and a spike is unusual and potentially bullish.Worth noting that unless we go vertical historically we should expect a pullback from here. I may reduce my exposure to buy back a little lower:
Nota
Still heading up- another few percent, I don't feel this will last.Nota
Selling here, we are at some resistance and I cannot ignore the historical patterns of RSI, BB and previous rallies. We could drop by as little as 10% or as much as 30%. Time to buy back lower.Nota
So we wicked up and came close to the weekly Kijun, my first personal sell target was $5 but since we went vertical I have sold already around here and will let the position ride. I'll be reloading on a retrace.Nota
Pulled back as expected, will reload between $4 down to 3. Around $3.86 is where I'll average in from.Nota
some surprise bullish news and massive buy volume, make of that what you will:seekingalpha.com/news/3299110-bloomberg-belgian-miner-sibelco-weighs-takeover-bid-fairmount-santrol?app=1&uprof=82&dr=1
Nota
First target hit, letting my position ride.Nota
The pull back on the W/D/4hr is looking shallower than I expected. Taking a basic view zoomed out on the monthly we have H/A candles green with the stoch RSI turning up. The probably has legs going into next year, I expect bigger moves after the new year.Now is a good time to take profits and wait for a break of previous resistance or if you want to let it ride historically there is a case to be made for another 25% or so upside.
Nota
Ah we are finally seeing a correction towards $4.Nota
Daily T/K is about to cross bearish, we've broken the cloud to the downside on the 4 hour, I'll be waiting for it to look good again on the 4 hour for re-entry, ideally the D and W will confirm.Nota
Pretty bearish on 4hr, breaking cloud to downside, Daily T/K cross to the downside. I think a bottom will be found in the next week or two. Don't forget the earnings coming up soon as well.Nota
Personally I will be buying back in between 3.36 and 3.Nota
Missed out on rebuying, that 0.32 retrace should have been the clue- earnings good. Let's see how the stock does over the next month, could present another opportunity with a t/k cross/recross on the Daily. 4hr recently broke the cloud so that is a long signal. Will accumulate on dips.Dagangan ditutup secara manual
Closing this commentary to focus primarily on crypto going into the new year.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.