Tuesday, November 3, 2020

NOV National-Oilwell

 

NOV bounced off $8 support, might be a low risk trade, but the upside could be limited.

RBA Ritchie Bros. Auctioneers Inc

 

RBA crossed above it's short term moving averages and the RSI crossed above 50.

Monday, November 2, 2020

LSF21 Lumber Jan '21

 


LSF21 Lumber has corrected more than 60% of the advance, and has now found support around 440. Looking at the moving averages, Lumber looks like it wants to move higher, how high??????

DXZ20 U.S. Dollar Index Dec '20

 

DXZ20 has turned up above short term moving averages, may have formed a bottom.

MAXR Maxar Technologies Ltd

 

MAXR is right on the up trend line of support, although it's below the short term moving averages and the RSI is below 50. Next earnings release is due Nov 5/20. 😱

Friday, October 30, 2020

ZM Zoom Video Communications Cl A

 

ZM has shown a bearish divergence between the stock and the RSI for the past 2 months ( higher highs in the stock, but lower highs in the RSI), plus the RSI just broke below 50.