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- Last Update: 26 October 2020, 1:00
strong RS, but SOT. watch for retracement for entry point
strong rally. bullish. hit supply. may retrace for BU action--would be buyable. 4-synchronicity bar. buyable. 5-climactic volume action. poised for retracement. 6-retracing. will give up some ground given the hypodermic topping action. 1st target 74.50, then 71.50 then 66.50. look for re-entry point. 7-weaker volumes and price action. favor ChoBeh. 8- impressive ability to keep supports without retracement. bullish. 9-bias still bullish, but ominous supply bar detracts from thesis. 10-rally completed. S>>,D<. EoM down. forming AR, target 67, then 63. bullish move would lead to rally >77. 11-inability to regain losses. shows S in control. short term bearish. look for entry. 12-supply still in control. Large correction today. monitor. 13-S>, D>. uE>,uR>=. 16-dE>>, dR<. bullish. monitor.
SC @ 178.32, AR. monitor
strong bullish rally! synchronicity between volume and bullish price action. likely to have multiday rally towards previous highs. will it break through? 3-impressive 4 day rally. looks like it may be time to re-enter. 4-rally running into some resistance. monitor. 5-continued supply signatures. likely to encounter resistance at $250. 6-encounters resistance at 250-255. significant supply present. can consider exit on downmove. conservative SL at 239, next at 232. 7-synchronicity bar. has more gas in the tank for this rally! 8-signs of supply. caution. 9-no follow through on supply. rally continues with synchronicity. Somewhat worrisome for hypodermic top. move up stops. 10-confirmation of hypodermic top. relative strength vs RUN, but less than PLUG. Climactic action. 11-strong close! supply dries up. Demand brings prices back to close 2d ago. 12-weakening S and D. shows good RS vs other renewables. 13- uE<, uR<. S<,D<. dE>, dR<. Supply fairly weak. monitor.
TR, in upper half. exhaustion of supply. Maybe move up?
move out of local TR, but encounters supply. watch. 3-gains today, but laborious. careful...4-weakness on testing. 5-S. S>D>>. nearing top though. rally running out of steam. 7-emergence of demand. synchronicity. new breakout and rally likely. 8-supply emerges but does not retrace previous price action. testing. 9-testing shows absorption of supply. ready to move up. 10-D<, S<. vulnerable to decline. 11-supply does not show up. EoM up. 12- supply encountered. not yet threatening.
6-emergence of supply. demand weakening. targets:406, 387, 377, 365. can consider limit orders. 7-volatility contraction. ? continuation pattern. 8-testing. constructive. 9-contraction of supply/demand shows bullish characteristics. supply being absorbed and ready to move up. 10-continued absorption. reluctance to move down. ready for rally. 11-supply <<, D<. LPS. ready for rally soon. 12-moderate rally. still not major D. 13-uE <, uR <. some demand char. 16-breakout fails. supply comes in. >dE, >dR. likely to retrace before moving up. Not likely to retrace much.
successful test. ready to move up. 6-failure of test. emergence of supply. monitor. 7-synchronicity bar. structure of TR widening, which is worrisome for a bearish bias but volumes not yet convincing for failure. 8-testing action. monitor. 9-strong rally out of trading range. synchronicity bar. multi-day rally impending. 10-rally continues, but supply emerges. 11-Some supply absorbed. 12-demand emerges. prices rally.
powerful rally up. hold. 3-drop off in demand. still bullish, but may be on downswing. 4-moving along downswing. 5-ready for upswing test. BUYABLE. 6-loss of demand. supply drops prices, but demand emerges at 22-23. watch for bottoming. targets 21.5 then 20.36. 7-low volume recovery bar outlines upsloping support to form a hinge. bullish. 8-institutional volumes diminished. forming a base. watch for emergence of demand. 9-volumes contracting. supply absorbed. ready for rally. 10-met with supply emergence. wide ranging bar shows presence of supply and demand. likely bottoming. 11-found bottom. SOS rally up. Spring? 12-wow. initial massive rally, followed by massive supply to overcome a 11% gain, creating a loss. Not sure how to interpret this. Extreme speculation.
coverage initiated. volatility contraction. bullish. S<,D<. close to ready for rally. 11-forming hinge. bias bullish. 12-feeble attempt to rally met with supply. 13-uE>, uR>>. Rally
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