Thanks, Cleo and good morning all. It’s been a week of mixed fortunes for me, but I’m hoping to end the week strongly. I’ve thrown a few charts below for a couple of stocks I’ve been watching during the week. Not necessarily going to deliver huge day trading opportunities today, but I think they could bring good fortunes in their own time.
PCK broke above previous resistance levels yesterday and closed strongly above the 78.6% Fib line on the daily high. Looks primed to move back towards ATHs.
VIC has managed to find support at the 0.01-0.012 level and yesterday the price closed above the 20MA and is moving towards the 50MA on the hourly. Buy side was stacking up and 0.013 reloaded on multiple occasions. Price just needs to break through and hold above that 0.014 to spur the next run.
BLK appears destined to fill the gap left behind on the daily from early March. I would expect to see some short term support in the mid 6s but if that breaks down, the gap will fill.
And lastly, BTC broke out overnight having found support again in the low-mid 6s. Anyone’s guess as to how much further support it will see. First test of confirmation of reversal in my opinion is 9.2k.
Good luck today to all traders. Go the Crows.
