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- Last Update: 26 October 2020, 1:00
22-powerful performer. some recent absorption of supply. monitor for entry. 23-presence of supply. some signs this is being worked through, but demand is still missing. monitor.
BO with supply. monitor.
supply but moved up. loss of momentum with volumes down. 3-rally out of TR. bullish but extended. 4-supply encountered. not yet threatening. 5-diminished demand. testing but no supply. further moves are possible. look for large downbars on weak supply, indicating dramatic weakening of demand as well. 6- emergence of supply but does not retrace significantly. lowered volume positive. 7-more supply. likely ChoBev. exit short term positions. 8-some demand emerges. testing action. hold. 9-supply/demand roughly balance in favor of demand. in BU action. 10-D<, supply takes over. 11-S<<, weak D moves higher. 12-still no S. D moves higher.
weakness in demand and supply. bullish bias. . bullish targets 34.15, bearish 32.30 then 31.80. 7-In TR, but possible LPS then up. SL @ 32.30. 8-supply/demand all vanish. OBV increasing = institutions have finished accumulation. ready to move UP! BUYABLE. 9-supply absorbed, waiting for demand to emerge. not currently present but again, still buyable. 10-supply signatures emerge marginally. 11-feathering up. 12-bullish bias. Supply reversed early rally. 13-testing successful. uE>, uR>. 16-uE<,uR<. recent supply bar shows >E but
leading biotech. 22-forming AR. entry point.
23-strong RS. weak decline. Could this be a spring? watch for SOS rally.
strong resistance above $40.50. diminished supply. watch for demand spike if present, buy.
weak demand with signs of supply. testing. 3-still testing. watch for break below 40.50, or spike above 41. 4-some supply encountered. buyable. 5-successful test. emergence of demand bringing stock into markup. 6-pause in demand, but low supply. constructive. still buyable. 7-increase in demand and supply. testing. So far bullish bias is intact. 8-continued testing. 9-in R-A. volumes declining with reluctance to move down. bullish. 10-volume decreases and upmove decreases. D<,S<. testing. 11-constructive testing. shows S being absorbed. 12-new supply emerging with test >44.5 worrisome for downmove. 13- uE<, uR <. S. 19-bullish breakout of local TR. uE>, uR>>. BUyable. 23-EoM to new highs. bullish
resistance at around $14.30. look for breakout or feeble retracement with weak volumes for buys. bearish targets 13.40, 13.20, 12.82, 12.50. 7-powerful upmove. Synchronicity. Buyable. 8-ongoing markup. 9-synchronicity between demand/price. rally just getting started. 10-general market down day. S>>,D>. climactic action. Vulnerable to TR or reversal. 11-D reversal, but weaker than previous day. PSY or BC? 12-appears to signal BC. Higher RS vs other renewables. 13-dE. Monitor. 16-forming AR. dE>, dR=. Possible ST forming. monitor. 23- ST more present with stopping action at 14.36
23-dE<, dR<. uE<,uR>
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