EV Bus & Truck Manufacturer | BB Squeeze BreakoutA good chart setup for a potential breakout after a series of positive news releases. $55M valuation is low for the sector.
BNS Momentum Trade " After Earnings"TSX:BNS
After we are clear of earnings, I'll be looking for the price to pull back to the Nov 28 resistance of 71.50 near the 50 SMA and 50 EMA (old resistance becoming new support). If we can get confirmation with a reversal pattern double/ triple bottom or inverted Head and Shoulder, I'll be looking to enter with Real Life Tradings momo indicator.
Stop loss will be placed just below the reversal pattern and the target will be at 100 WMA near $79.00.
I have a few concerns with hitting our target:
1) We might have the 200 SMA as resistance.
2) If The 50 WMA backs up the current resistance at 74.30.
If we are able to break through both resistances this could be a good 2.5r - 3 r trade.
If we fall through the 71.50 level, I'll be looking for a similar setup at the 69.00 and 65.00 areas.
Remember to always manage your risk when trading and have a stop loss.
Happy trading!
GOLDEN CROSSToday, Medipharm Labs's 50-day moving average line crossed above its 200-day moving average line, forming a GOLDEN CROSS, a STRONG BULLISH signal.
Today, the stock went up by 13.33% on more than 4 times average daily volume.
Tradingview's technical analysis summary is BUY:
tradingview.sweetlogin.com
GLTA!
IMMINENT GOLDEN CROSSMedipharm Labs's 50-day and 200-day moving average lines are a quarter of a penny from forming a GOLDEN CROSS, a strong BULLISH signal.
Extrapolation of these lines strongly suggests that they might form a GOLDEN CROSS this coming week.
Also, the Accumulation/Distribution indicator has clearly been trending upwards.
Tradingview's current technical analysis summary is STRONG BUY: tradingview.sweetlogin.com
GLTA!
Aurora: Sleeping Beauty 👸It's time to activate our wake-up call to get Aurora back into motion, since we expect the course to rise up North, even though it is still creeping sideways momentarily. In our alternative scenario, there is a slight probability of 33% that the course could drop below the $1.14 support line instead. In this case, it would continue to move South until it reaches the low of the grey wave alt. II. Primarily, the stock should make the climb and fulfill the blue wave (iii) before dropping into a correction of the blue wave (iv). Once completed, the course should have gained momentum to be able to exceed the resistance line at $2.49 and wander further North in order to complete the pink wave .