novamatic

novamatic

I'm just guessing at the bottom trendline, at this time. However, it looks like we are consolidating and will tighten up until we break. So far, we're holding short (61.8 at top of wedge). we could also retrace all the way back to the $11.00 and hold the bigger long. Hope you find this helpful!

novamatic

Got a lot of good things going on here. We touched the trendline four times: twice in 2016 and twice in 2023. We just came our of this wedge to the upside. We also have a big gap up at $55, and we're running into earnings on 26th of July. A seriously bullish divergence on the RSI, as well.

novamatic

we JUST closed the gap from 2020... three touch points on the trendline established in 2019, touched in 2020, and now again. Very low risk entry point. And there's a gap at $27

novamatic

this an update to my prior post, and shows we are compressing quite hard. Look for a break, soon.

novamatic Updated 

i think oil is going to break up and out. UCO is a great way to play it. Hopefully this is helpful.

novamatic

we might find that NVDA needs to prove it's worth at these high valuations, and it may be drawn down to the trendline, which happens to also be where the $150 gap is. Thoughts?

novamatic

things are lining up to see some sort of bottom on vix and bounce. confluence of events? rate hike? ukraine war development. Debt ceiling limit? bad earnings?