my short term thoughts/analysis

22 nov. 2020

here's my two cents (which, by the way, could be entirely wrong)

take note of:

• visible range developing volume area (skinny, dark blue lines) i charted for 1 month,1 hour chart.
  - the volume area where buyers step in is showing a stair step upwards. this shows buyers are progressively buying at higher prices.
  
• support/resistance line (dashed black)
  - circled in highlighter yellow you will see strong support off previous hourly candle bounces. expecting the same with where we currently stand.
  
• squeeze momentum indicator in the lower pane
  - one of my favorite indicators. showing consolidation for a STRONG move with low volatility/consolidation either higher or lower. hoping for higher in this case.
  
• hourly showing big time overselling
  

note this is all short term analysis for my short term swings/trades.

23 nov. 2020

Note

failed short term idea.. linked for 150 by april still stands.