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Here is a stock some may be interested in, I copied this from a news letter;
Pandora Media - P - close: 9.49
Target(s): 10.75
It looks like shares of Pandora may have bottomed. The stock has been building on a bullish pattern of higher lows. Now P is poised to breakout past resistance at the $9.50 level.
Please note that I do consider this an aggressive, higher risk trade. Not only is P a somewhat volatile stock but in addition to resistance at $9.50 there is also potential resistance at the 200-dma (near 9.65), the exponential 200-dma (near $10.00) and the $10.00 level itself.
If Pandora is able to breakout it could spark a short squeeze.
The most recent data listed short interest at 60% of the 110.9 million-share float.
A trigger to open small bullish positions at $9.60. If triggered our target is $10.75.
TraderJoe wrote:Here is a stock some may be interested in, I copied this from a news letter;
Pandora Media - P - close: 9.49
Target(s): 10.75
It looks like shares of Pandora may have bottomed. The stock has been building on a bullish pattern of higher lows. Now P is poised to breakout past resistance at the $9.50 level.
Please note that I do consider this an aggressive, higher risk trade. Not only is P a somewhat volatile stock but in addition to resistance at $9.50 there is also potential resistance at the 200-dma (near 9.65), the exponential 200-dma (near $10.00) and the $10.00 level itself.
If Pandora is able to breakout it could spark a short squeeze.
The most recent data listed short interest at 60% of the 110.9 million-share float.
A trigger to open small bullish positions at $9.60. If triggered our target is $10.75.
10/9.69 = +3.2%
Hourly RSI approaching extreme overboughtness. The risk for the potential meat, meh. Betting on a continued breakout above 10-10.1 which is an area of res that acted a few times, looks too risky.
might be an ascending triangle in the forming, so the bias is up.
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With the CFTC reported historically high short accmulation of silver, is it really posied for a classical silver short squeeze? Or just a wishful thinking...
Dollar looks like bottoming out longer term, see Macd on daily chart on the right, lots of resistances to fight off. but bottoming process looking strong.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
With the CFTC reported historically high short accmulation of silver, is it really posied for a classical silver short squeeze? Or just a wishful thinking...
I just received an article that is targeting SLV to 33.50
Mr. BachNut, check the video on the following link, it implies that the gap was exhaustion. http://shadowtrader.net/
Mr. BachNut wrote:Market Neutral.
Taking a break. Dreaming up trade possibilities for the coming year. Pondering charts today. Very exciting!
My composite trend signal is bullish. The last two days have effectively repaired prior technical damage.
My summation index signal looks like it will flip to bull today (maybe tomorrow).
Reviewing yesterday gave me a list of bullish outcomes.
My next move is likely to re-establish long equity positions.
However....Please mind the GAP!
Given overnight futures markets, people don't study gaps so much anymore, but I still find them helpful to consider.
Yesterday, we had big gaps in both cash and futures markets.
Reviewing my Edwards & Magee, yesterday could be either a continuation/measuring gap or an exhaustion gap. It is a little hard to tell at the moment.
If it is a measuring gap, we are in the middle of the move from the November low and the move should keep going (minor pullback allowed) with measured move targets in the SPY 150-154 neighborhood.
If it is an exhaustion gap, the gap should get closed in 2-5 days (by early next week). Were that to happen, it would signify the end of the uptrend from the November low.
The end of the uptrend wouldn't necessarily mean a downtrend, we could get some kind of consolidation followed by a new trend in either direction.
I think a measuring gap seems like the more likely scenario (and I would like to play for the implied target), but I am going to keep an open mind over the next few days.
Let's see what happens.
With the CFTC reported historically high short accmulation of silver, is it really posied for a classical silver short squeeze? Or just a wishful thinking...
I just received an article that is targeting SLV to 33.50
Ichy to pull the trigger, but the timing of such kind of short squeeze is a miracle, which I've never had a luck with it.
With the CFTC reported historically high short accmulation of silver, is it really posied for a classical silver short squeeze? Or just a wishful thinking...
I just received an article that is targeting SLV to 33.50
Ichy to pull the trigger, but the timing of such kind of short squeeze is a miracle, which I've never had a luck with it.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.