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BSG is sitting hard on the ascending trend line (blue) and 200 DMA support level. With the MACD and Stochastics in a bearish relationship a break of $2.71 would project a target of $2.44.Chart Chat notes are based on our experience of applying technical analysis to the market and are designed to be used as a tutorial showing how technical analysis can be applied to a chart in real time to identify potential profitable trades
BSG is sitting hard on the ascending trend line (blue) and 200 DMA support level. With the MACD and Stochastics in a bearish relationship a break of $2.71 would project a target of $2.44.
JRV is trading above the 20 and 50 DMA resistance level. A break of $0.031 would project a "C" wave extension of around $0.06.
TNG has traded above 3 months of consolidation and resistance (bold). A break of $0.515 should project a swing high target of $0.77
ADS has consolidated for 5 months (bold) supported by Stochastics divergence (blue arrow) creating a good base for a swing high. A break of $0.20 would project a target of $0.39
GUD for the Elliott Wave converts is starting a C wave of a larger C wave or ZZ. A break of $8.61 would project a swing high target of $9.30 - $9.50 for a possible 80% ROI using CFD.
RIV has consolidated for 3 months forming a good base pattern to lauch a rally. With the MACD and Stochastics in a bullish relationship a break of $2.11 would project a target range of $2.50 - $2.60.
DDT broke its long term descending trendline (blue) and after a strong rally has consolidated on the 200 DMA support level. DDT looks to have still some way to go before a correction. A buy on a break of $0.395 could produce a rally up to the $0.48 - $0.51 zone
PYM has formed a large equilateral triangle and consolidated outside the descending trend line. A break of $0.625 would project a target of $1.00 to $1.20
TZN has established clear reversal divergence with the Stochastics (blue line). A buy at market around $2.05 would project a target of $2.55 plus.
ENE is bouncing along the 200 DMA support level (dots) with divergence (blue line) indicating a rally is due on a break of $4.76 for a conservative target of $5.40.