= Annotated Chart Reviews = NAKD / SLS = WATCH LIST UPDATE =
NAKD: While experiencing a brief 100% gain, share price has retraced down and found support at $0.35 above previous support of $0.30 on increasing volume. 2MA is crossing above 5MA and RSI rising with MACD line rising above signal line and histogram in the positive, all of which are BULLISH indicators. Interesting thing to note is if share price continues to increase (And I believe it will next week), a "Rounding Bottome" will be forming.
SLS: After a drop to support of $0.10 and experiencing two trade cycles with 150% and 100% gains, share price has undergone a two month retracement with new support of $0.11 and rising on higher volume. Looking at the bigger picture of 3.5 months, a trade triangle is forming indicating an exhaustive bottom. If share price continues to rise above resistance line of the trade triangle, we could see a Breakout UP next week.
= WATCH LIST UPDATE =
Moving ASNA/CGIX/FCEL/INPX/RTTR to WATCH.
Link to main watch list - https://docs.google.com/document/d/1QYXojMENZc1frWydzOJO6jil6N2l3WAXf9ifaFZd-go/edit
WATCH: ASNA, CGIX, FCEL, GHSI, HEMP, HMNY, INPX, RTTR, SNNA, SPNV, YRIV
BUY: = ALERT = NAKD/SLS = CEI, SHMP
HOLD: JCP
TAKE PROFIT / SELL:
NAKD: While experiencing a brief 100% gain, share price has retraced down and found support at $0.35 above previous support of $0.30 on increasing volume. 2MA is crossing above 5MA and RSI rising with MACD line rising above signal line and histogram in the positive, all of which are BULLISH indicators. Interesting thing to note is if share price continues to increase (And I believe it will next week), a "Rounding Bottome" will be forming.
SLS: After a drop to support of $0.10 and experiencing two trade cycles with 150% and 100% gains, share price has undergone a two month retracement with new support of $0.11 and rising on higher volume. Looking at the bigger picture of 3.5 months, a trade triangle is forming indicating an exhaustive bottom. If share price continues to rise above resistance line of the trade triangle, we could see a Breakout UP next week.
= WATCH LIST UPDATE =
Moving ASNA/CGIX/FCEL/INPX/RTTR to WATCH.
Link to main watch list - https://docs.google.com/document/d/1QYXojMENZc1frWydzOJO6jil6N2l3WAXf9ifaFZd-go/edit
WATCH: ASNA, CGIX, FCEL, GHSI, HEMP, HMNY, INPX, RTTR, SNNA, SPNV, YRIV
BUY: = ALERT = NAKD/SLS = CEI, SHMP
HOLD: JCP
TAKE PROFIT / SELL:
Learn to identify rebounding stocks and set BUY/SELL points using simplified Swing Trading Template - https://investorshub.advfn.com/Swing-Trading-Model-36395/
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