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HOLO Rebounds and Holds Above Support
Yesterday HOLO raised some concerns with a sharp selloff below the yellow descending wedge pattern. Today HOLO has formed a bullish rebound and is holding above the $2.60 support level. I think HOLO needs to announce some news and give the stock a reason to go on a rally. The next few trading days will […]Read More
China’s Hang Seng Index Remains Neutral
Chinese stocks experienced a strong rally throughout the month of September, but have been quiet and neutral throughout October. The Hang Seng Index continues to trade below the $21.1k resistance level, and I think we can eventually see a move higher. For now $21.1k is a key resistance level that needs to break for HSI […]Read More
VIX Facing Resistance at $22
The VIX has shown bullish momentum over the past few days, but is trending for a red day today with resistance at $22. I would carefully monitor the $22 resistance level here to see if the VIX flips resistance into support. For now it’s looking like a rejection at this white trendline. I think the […]Read More