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- Last Update: 26 October 2020, 1:00
SC, AR, ST attained. in phase b. volumes dropping. selling temporarily exhausted. closed above 2 previous days.
stock up, but signs of supply. watch for deterioration. 3-diminishing volumes. loss of demand. Temporary? 4-increased demand but supply tail introduced as resistance is encountered at 115. 5-loss of momentum. careful. 6-moving down. target 105, more bullish if bounces at higher low. 7-recovery from previous test, but on lower volume. RS crossing its MA. cautiously bullish. 8-weakness on fed news today. Attempt to break local resistance being tested, downsloping. Bias turning bearish. 9-volatility/volume contraction. more bullish action. 10-accumulation in trading range. volumes decreasing so constructive. 11-supply absorbed. prices bounce. 12-gaps up on increased volume from news. No supply. 13-strong selling resistance at 125. dE>, dR>. Going down. 16-price down on incr vol. consolidating down to likely higher low. 19-relative strength flattened out. losing steam. 20-mild rally. uE>=, uR>=. monitor. 23-demand fading. supply not present. will trade down lower to find support at value zone of ~110-115
coverage initiated. Rally out of shakeout type structure shows testing and absoption of supply. Some incoming supply ~87 visible but testing is constructive. 10-profit taking, but not at prior highs so neutral. 11-large retreat on increase supply volume after processor announcement. confirms UTA, will it form an LPS? 12-forming LPS. Ready for another move. Long causality. Good buy target. 13-uE <, uR=. Bullish. 16-uE. further moves down before recovery possible. monitor relative strength. 20-dE>, dR<. some demand seen but not ready to break out yet. 23-bullish rally today on higher volume after reaching value zone around 80. could be entry soon.
strong RS. increased supply from 35-36. most recent bar tests on incr vol, but closes inside previous bar. monitor. 7-inside bar rally on lackluster volumes. Watch for ChoBeh. 8-rally attempt higher crushed by supply, but bullish in that it wasn%27t able to invade prior bar by much. 9-move up on similar volumes. supply recedes, but demand does not overwhelm. 10-continued diminished demand, supply marginally increases. 11-S. Bullish. 16-CHoBev bar on 15th, followed by attempt to create ST. E<, R<. D present but overwhelmed by S. monitor TR for entry. not yet ready. 19-dE. Selling Climax hit, forming automatic reaction. 23-value zone found~32.50. monitor strength of rally.
strong RS. BO above 47.78. good long term play. volumes up on up day
strong move up. volume and candles down. no signs of supply. 3-ongoing rally. diminishing demand volume. 4-reintroduction of demand. 5-significant volume. increased signs of supply. starting to show topping action. 6-change of behaviour. testing. medium retracement on low volume. may give back some gains before secondary test. first target 51, second 49.5. 7-another powerful upmove day on higher volume, but also supply signature. Extended. R-A imminent? 8-Change in behaviour. Will form an AR, which will establish a new trading range. 9-stopping action with reduced volumes. Forming bottom of TR. bullish. 10-supply emerges on down day in market. watch. 11-formed bottom of TR now ready to form ST. Volumes increased. 12- forming ST. Bias is still in TR. 13-uE. Bullish. Target 55.50. 16-hit 54.50 before rounding ST and retreating. dE<,dR<. S<,D<. 19-dE>, dR>. formed ST top. moving down in TR.
finding resistance crossing 167. 5-resistance now at 172. momentum dropping. move stop losses up. 6-exited position, but still bullish. testing on diminished volume. minimal supply coming in. 7-EoM upbar, above local resistance. bullish. 8-strong rally up met with resistance at 185. still bullish. 9-moves higher on low, but present supply. bullish. 10-some emergence of supply. not yet seeing any stopping volumes. 11-D<<,S<. 12-demand diminishes. vol <<. Supply still , dR>. Change of Behaviour. favor TR. neutral. 23-hits value zone around 167. may be BU action, but character of decline quite steep. still somewhat bearish. will test before possible reversal
23-in possible BU action, but lacking high volume breakout. Favor UTA. Still in phase B. massive volume bar Sept 18 still needs to be worked through.
tends to collapse after mega rallies. shortening of thrust. watch for recovery
-recovery on stronger volume. likely multiday move. 3-continues to rally, but encountered supply at 226-230. 4-encounters supply at 225. volumes down. bullish. 5-successful test on low volume. demand in control again. 6-surprising failure of test. large down bar on higher volume. suspicious for downmove vs testing. short term bearish. 7-weakening volumes and inability to make new highs signals likely UT action and possible return to TR. 8-establishing trading range, not giving much ground. still bullish. 9-testing. 10-support at 20d EMA. medium term bullish. 11-prices fall on their own weight. , uR>. 16- testing. dE>, dR<. will retest 242. 19-more supply emerges. dE. short term bearish. 20-breaks downward. very bearish. dE>, dR>. commits below support.
commits above local highs. BO. watch for follow through action
-follow through action seen. synchronicity of volume and price. 3-rally tested. so far intact. 4-stepping stone accumulation action. 5-synchronicity of volume and price. further moves. 6-attempt to test 84.50 encounters resistance. tests lower but closes almost at break even. nonthreatening. potential entry point. 7-ChoBeh. Trading range imminent. 8-entering trading range and establishing AR. 9-forming ST to complete phase /A/. 10-forming ST, concluding phase /A/. 11-reaching previous highs on weak volume. Can it break it or be broken? take positions if it closes above. 12-retesting recent high. BU action? 13-uE >, uR>>. 16-takeoff. rally to 87.40, weakened demand. supply not present. 19-climactic bar.
23-high RS, good momentum stock, but in TR, likely longer vs previous (Jul-Oct) due to high volume signature. Bullish case would be to break past 243, bearish to commit below 177.
selling climax sept 18.. building base. test constructive. bullish target 135,141. bearish target 124, 119, 116. 7-rally day on lower volume as price approaches prior ATH. testing likely imminent. 8-supply at previous highs. testing on slightly more volumes. monitor. 9-bullish engulfing candle up. closes above resistance. 10-D<, S<. vulnerable to reversal. 11-D still <, S. 16-dE<, dR<. weak S and D. likely to advance. 23-bouncing off value zone of 132.69. recovery volume weak. monitor for BU vs LPSY.
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