CRSR went a bit parabolic for a while, too much and too fast. Became extremely overbought, then crashed and burned.
I noticed NV stayed high through the whole ordeal.
Short interest in a bit higher than I like at 8.53%..
CRSR his pushing through the small gap down and is not overbought. Monthly and weekly candles are bullish.
The 5 day moving average is tilting up and perhaps trying to cross up through the 20 day MA. The stock is approximately 4 months old so there are no long term moving averages yet, which can be a disadvantage.
I find sometimes looking on the 4 hour timeframe can help when a chart lacks long term information. Even the hourly in some cases.
Patterns fail. This could turn down and form a gartley or something..lol.. we just have to make an educated guess.
Not a recommendation
Good to research using your method of trading, be it channels or support and resitance etc. I am a pattern trader most of the time but not everybody is.
The target is D. I estimate targets at the fib levels. I used the built in auto-fib on this one instead of the drawing tool. I usually use the 0.38, 0.62 and 0.79 which are rounded, so these are approximate as the true fib levels go into decimals etc.
Happy Holidays!
I noticed NV stayed high through the whole ordeal.
Short interest in a bit higher than I like at 8.53%..
CRSR his pushing through the small gap down and is not overbought. Monthly and weekly candles are bullish.
The 5 day moving average is tilting up and perhaps trying to cross up through the 20 day MA. The stock is approximately 4 months old so there are no long term moving averages yet, which can be a disadvantage.
I find sometimes looking on the 4 hour timeframe can help when a chart lacks long term information. Even the hourly in some cases.
Patterns fail. This could turn down and form a gartley or something..lol.. we just have to make an educated guess.
Not a recommendation
Good to research using your method of trading, be it channels or support and resitance etc. I am a pattern trader most of the time but not everybody is.
The target is D. I estimate targets at the fib levels. I used the built in auto-fib on this one instead of the drawing tool. I usually use the 0.38, 0.62 and 0.79 which are rounded, so these are approximate as the true fib levels go into decimals etc.
Happy Holidays!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.