![]() ![]() These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured. “Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (“Regulation A”). Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC. ![]() Additional information can be found here.Īlternative Assets. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. Securities products offered by Open to the Public Investing are not FDIC insured. This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. ![]() ![]() Additional information about your broker can be found by clicking here. (“Open to the Public Investing”), a registered broker-dealer and member of FINRA & SIPC. Brokerage services for US-listed, registered securities are offered to self-directed customers by Open to the Public Investing, Inc. Product offerings and availability vary based on jurisdiction. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy. You should consult your legal, tax, or financial advisors before making any financial decisions. All Rights Reserved.Īll investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. Get free Elliott Wave Analysis on over 70 instruments including GOOGL, TSLA, AAPL, FB, MSFT, GDX and many many more.© Copyright 2023 Public Holdings, Inc. Improve your trading success and master Elliott Wave like a pro with our free 14 day trial today. Elliott Wave counts can evolve quickly, be sure to have your stops in and define your risk when trading. Risk ManagementĪbove all, using proper risk management is absolutely essential when trading or investing in a volatile stocks. Presently, the expectation is for a rally into blue (1) before pulling back in (2), and then further extension higher. For now, the bottom is favoured to be set as long as $1.27 level holds. This would would point to a more prolonged correction in time and price. Should the stock continue to fall lower than 1.27, it would likely diverge in momentum. The RSI momentum at the Red II low has a very extreme reading. After that, another swing lower to form a low in Red II. From the Red I peak, prices sharply fell in a double correction ((W)) wave. Coming out of an all time low in September 2020, this peak can be counted as the first wave of a long extended rally. There is a clear 5 waves structure heading into the Feb peak. It can be expected that a long and deep correction can be expected from such a rally. The rally from the 0.21 September low to the 4.83 February peak represents a 2300% return within a few short months. Lets dig into the charts! Torchlight Energy Resources Elliott wave View:įrom the September 2020 low at 0.21, the trajectory on this stock is nothing less than extraordinary. The company currently holds interests in Texas where their targets are established plays such as the Permian Basin and the Eagle Ford Shale.” (NASDAQ: TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. Lets take a look at the company profile and see what they do: From an all time low of 21 cents set in September 2020, to the recent peak of 4.83, this stock represents high volatility price action. There is one energy producer that has vastly outperformed many other producers, Torchlight Energy Resources. Oil has hard a remarkable rally from the March 2020 low, and further upside is favoured to take place in the energy sector still. ![]()
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