We are consolidating at the moment, but it looks like we are about to make another leg up. Price failed to stay below the S1 Pivot and got back even above the P-Pivot. Price currently sits at the most important resistance, which makes this the fourth trend-line touch. We also have an inverse Head and Shoulder pattern, which is also a bullish sign. If we don't...
Well, it seems like... Multiple signs suggest that we are going to break-out soon. These signs are: MACD cross, no rejection at the resistance, price above the 2 EMAs. The only concerning thing is the RSI, it is almost overbought. I think it needs to consolidate for awhile (2-3 days) before it start a new leg up. Stop loss: below 30.07 Resistance: 35.45, 38.29
Huge Bull Flag appeared on the weekly c. We also have an uptrending channel on the daily chart. I think it will break out sooner or later. However it might correct it-self before the breakout. Stop loss: under: 59.61 Resistance: 116.43 Price target: 186.19
Huge volume , EMA cross and no rejection. This looks very bullish to me, there is a high chance for a breakout. The only concerning sign is the RSI , it is almost overbought so be careful Stop loss: under 47.47 Next resistance: 57.47
A huge Falling Wedge appeared on the daily chart. It looks like it will break out in the coming days. Multiple signs suggest a bullish continuation such as the price closing above the 20 EMA and P-Pivot. Rising RSI, strong MACD etc... Stop loss: 25.76 Next resistance: 34.09 and 42.32
This one looks like it will break-out soon. Multiple bullish signs appeared on the chart (RSI, EMA, Pivot...) After the breakout: >Next resistance: 39.05 >Support: 31.44 Watch out for volume, it needs to be high during the breakout
PLUG started reversing yesterday and closed above the 50 EMA and the S1 Pivot. If it reclaims the 20 EMA, it will run once again. Next resistance: 31.99 (P-Pivot) Price target: 34.46 (Last high) Stop-loss: below 28.28 (last low)
I think the chart says it all. We have a huge triangle pattern on the 15 minutes timeframe. If we can break the 58.76 level, it might squeeze even higher. If it fails to stay above, then it might visit the 54.97 or even the 50.47 level.
oday's close will tell us the further price action. If it closes near 30.78, it might squeeze to 34.12 and breakout above. If it can't hold itself, it might sink back below, possibly to 29.8 or even lower
Despite the inflation and other bad news, we are heading back to ATH. The daily chart looks very bullish. We had a nice breakout and recently made a backtest. I think, we will break the 435.92 resistance in the coming days. Next resistance: 342,46 Support: 330 Price target: 353.96
We almost made a new ATH, and currently sitting at a very important resistance line. This looks very bullish because it did not reject it, like the last time. It think we will have a nice breakout in the coming days, in the opposite case: support is at 419.47.
We had a huge run-up on 27th of May. I believe it will have a nice continuation, but the price needs to sonsolidate for a while first. I will enter when the RSI will be oversold on the hourly timeframe and around 13,75-13,40. The overall picture looks very bullish to me.
Strong pre-market after the news. I colored the next resistances. Lot of people going to FOMO, I would stay away for a while and wait for a backtest.
If we manage to hold the 12,09 support or even the 11,89 level (worst case), then the outlook will remain bullish . In the opposite case, we might head downwards. Next support: 11,28 Next resistance: 12,33
The title says it all. If the market correction stop, we will break the upper resistance at 57,04 then it will look extremely bearish. If we manage to go below the previous low (54,05), then there is a high chance for more correction.
We have a big triangle pattern on the daily chart. With the weak tech sector, it could be anything, that is why I am watching different levels to go long or short. If it breaks 54,42 I will go long
Overall picture looks bullish , however we need to wait for a sign to go long or short. It is very risky play, because the broad market is in a huge correction mode and there is more downside potenial.
Price action looks bullish , however it needs to consolidate for a while. Great swing trade oppurtunity overall.