BIDU is more bearing than bullish fundamental stock, therefore we would trade it mostly on a short position. BIDU daily is in a big up channel with a high possibility of channel breakout. Price went into the area of resistance and got rejected. Volume is ticking much higher on price fall which is bearish. RSI after strong divergences starts to fall further....
TSLA is still in a big down channel/falling wedge. Even price fell very strongly, it didn't bounce as expected which indicates big investors defend the 100$ price but don't want to pay more for now. It is at major resistance now, 20 days MA (green lčine) and upper line from Chanel. Volume is still very strong which is a sign of capitulation and a possible...
Ethereum did break out of the symmetrical triangle after such a strong leg down. At the moment its basing just below red dotted line which was marked as resistance in last report/analyse. Volume was increased at the breakout what was bullish, while now its base/consolidate on smaller volume what is also bullish because its indicate there is no enough sellers at...
Bitcoin daily - likely pull back Bitcoin did break out from wedge pattern and it was on big volume what is bullish. However at the moment Bitcoin is at major resistance, or FTX collapse high. It is basing and it will need lot of volume to continue up trend. Volume in that breakout was much bigger than 20 days average volume what is very bullish. RSI is way to...
SBOW daily - is in a falling wedge which could be a very bullish and powerful pattern. Volume is weak as it is below 20 days average which is bearish. SBOW is below all major MA which is also bearish. RSI is neutral with a slight bullish divergence meaning the price is falling or at the same level while relative strength is not what is bullish. MACD has also a...
On weekly, BTCUSD is a falling wedge pattern which is an extremely bullish pattern but only when there is a breakout. Consolidation in the last 8 weeks is on decreasing volume which could be signed BTCUSD didn't have a bottom and the direction of the market will continue. Volume is decreasing which after so strong leg down is more bearish than bullish. RSI has a...
TSLA is in a very strong decline/down trend. On Friday we gaped down hard close to round number (100$) where TSLA found a lot of buyers and the rest of the day it move up and closed 2.5% up which is a sign of strong bullish momentum. It is very likely institutional players bought up prices from the 100$ level. All that was confirmed with very strong volume,...
AAPL daily - was in a large symmetrical triangle that it broke on Dec. 16. On 21 Dec AAPL retested that symmetrical triangle, lower trend line (blue), 8 MA, and failed. Now the price consolidates with Friday's strong bullish move. Price closed above 8 MA which is bullish. AAPL is still below major MA (20, 50, and 200) which is bearish. Volume confirmed price move...
XLF indicates two possible patterns, bullish and bearish. For a bullish option it develops a large inverted SHS pattern, while for a bearish one it develops a rising wedge. The last trading day last week price gaped down due to bad financial reports, however the day closed in the positive with solid volume which is bullish. The RSI is in overbought territory and...
The QQQ is in a large descending/falling wedge pattern. In the last few days, the price has increased in accordance with the expectations from the previous analysis and has crossed the Fib 0.5 and is moving towards 0.618. The volume is more bearish than bullish as it is around the 20 day average therefore does not confirm completely the growth of the index. The...
WRB is a strong/bullish fundamental stock and therefore would be traded only in a long position. WRB daily - is in a nice and big symmetrical triangle after leg up which is very bullish. Volume is lower which indicates there is no seller at the moment and the price consolidates at that level which is also bullish. Price is moving closer and closer to the end of...
AMZN daily - is at major resistance. Actually, it breaks out of a falling wedge which is bullish. Volume is increasing which is also bullish. Moves out of the pattern would be strong and fast. However, RSI is close to overbought territory. MACD is moving up strongly, histogram tick is moving strongly while the MACD line is already above zero line while the signal...
AAPL daily - is in the down channel. I pop up as we assess it will last week and now AAPL is at resistance. It bounces to the resistance line, FIB 0.382 and it is going towards FIB 0.5. Also, there is a red falling trend line which will act as strong resistance plus there will be 50 days MA which will also act as resistance. Volume is weak in comparison with the...
EL is weak/bearish fundamental stock therefore would be traded only on the short side. EL daily - is in rising wedge formation which is one the most bearish pattern. At the moment the price is basing above all major MA which is bullish with decreasing volume. On the other side, the price is at the resistance block which is more bearish than bullish. RSI is...
DELL daily - is inside of a symmetrical triangle below BigRed (200 days MA) which is bearish. It's found resistance at BigRed the last 4 times and got rejected which is also bearish. Volume is neutral to bearish because the start of this leg up was on weaker volume. Price is coiling between/inside/around 8, 20, and 50 days MA which indicates that DELL will soon...
LLY daily - is in the bull flag which could be nice and could be bullish if the price breaks out through the upper blue dotted line. Volume decreased last two days which is bearish because the price went up at a lower volume. Price is moving around 8, 20, and 50 days MA which could indicate a strong move pretty soon. RSI is neutral. MACD histogram tick is...
EURUSD is trending up in a nice up channel. The RSI is in overbought territory, which indicates a likely decline, and in addition, there are visible bearish divergences between price of EURUSD and relative strength, which is bearish. The MACD histogram is ticking up while the MACD line has crossed the signal line, which indicates up/bullish momentum. However, at...
DXY daily - is in a large down channel . On January 12, it broke through a very strong trend line , which has been acting as support since June 2021 and as such represents a very strong support. That breakout is a very bearish indicator. The RSI is in oversold territory, which indicates that there could/should be an increase in the price. The RSI shows several...