BTC is slowly grinding down to the 20 EMA here, in a bullish trend the 20 is usually held. The stochastic RSI has now bottomed on the daily but is still pointing upward on the weekly from a recent bottom, this is bullish for expansion. New all time highs did not come in May, but I do think June presents an opportunity, June historically is one of BTCs best months...
Boeing failed more than one third of the FAA audits for the MAX, the failures are systemic and the entire board and senior management team needs to be replaced. Add a launch failure and this stock will be toast Monday morning. My prediction is it opens around $165, drop to $142 and it may find some support. This could go as low as $121.
RDFN on the 15 minute chart has move up from a low pivot which included a mass index indicator triggering. ATH was $85 so current price is 7-8% of that ATH. I will take a long trade here. My targets are the May high pivot at $8 and the January high pivot at $10 with a stop loss at $6 to be managed as the price moves toward 8. RDFN to a certain degree is...
AUD/USD Bullish for the week of 03/06/24 All confluences there so far
I think Adobe, which has lost more than 32% since the beginning of the year, has a fair value of $522.30. However, as long as the decline continues, we should wait to buy. You can't hold a falling knife. With a break of the moving average or downtrend, I think it will reach its fair value, and with momentum, it may even go up to $620, which is the long-term...
So far, I have profited 450%, 56% and 223% from Avalanche. I have already shared the profits I made in 2023 in my X report, and my followers have profited with me. I don't have any Avalanche at the moment. I am waiting for this moving average to pick up. If Avalanche falls below the moving average, I will wait for my Dip Finder indicator to turn green to buy. But...
3.2 billion in cash generated on the quarter and 7% revenue growth. Net income was low but only due to unrealized write downs year over year on their investments. I think this will rebound at $76.96 by Monday. This new support was resistance from January 2023- May 2024. Hopefully this can run to $105.42!
On the daily timeframe, BTCUSDT is forming a large ascending triangle pattern. There is strong resistance at the current all-time high (ATH) levels. We can expect multiple retests in this supply zone. If BTC consolidates within this range and positive sentiment persists, we may see a breakout to the $84,000-$85,000 levels. The trendline will act as interim...
American Express broke out to record highs in January. Now after six weeks of tight price action, some traders may expect further upside. The first pattern on today’s chart is the jump on April 19 after earnings beat estimates. AXP cleared the late-March closing high around $229 and proceeded to retest and hold that same level on May 3. So, the current month’s...
We LOST the orange EMA as support and now it will act as resistance in the short term. It will be an important key indicator if we are planning to flip the trend and go bullish. BUT this is a BEARISH signal as of now.... I will continue to hold swing puts on this and NVIDIA as I can smell weakness and war regarding Taiwan.
Ethereum surged over 30% in anticipation of its much-awaited ETF approval, but the excitement may be short-lived. As traders who missed the initial rally eye the $2.9k to $3.2k support zone, a pullback seems likely. With ETH currently trading around $3.8k, a short trade to this support area presents an attractive opportunity. Technical Analysis: Visible...
Around two weeks ago, gold reached a new all-time high, 2450.2$, just above the last high of 2,431.6$. However, the bulls were unable to maintain this high level over the course of the day. In the following trading days, the gold price fell sharply, losing a bit more than 100$. There has been a weak recovery over the last few days, with renewed selling pressure...
FFIE is a penny stock of interest as it is also in the EV sector. Earnings are coming. In the past two days it jumped 82%. The stock is trading 99.9% ( no exaggeration ) down from its all-time high. On the 15-minute chart, price has jumped above its EMA cloud which inflected upward. A massive volume inflow peaked the price action in keeping with Wychoff's...
FFIE is rising in a Keltner channel with a moving average channel superimposed. On this 15 minute chart, FFIE went from a low volume trend down to a reversal with volume on the morning onf April 8th with the continuation into April 9th. This is a volatile penny stock. Long trades are taken when price crosses through the moving average channel especially if...
UNG on a 120-minute chart has reversed from a long trend down which started in mid -January. This was a steep trend down from the start into mid- March where the trend angle lessened in a period of relative consolidation until May 1st where the reversal occurred. This is a falling wedge breakout with the trendlines of the wedge in thick red and thick green for...
MRNA has been on fire since the earnings beat 4 weeks ago and has added 60% to its market cap in the past three months. It compares well with NVAX which as a prior penny stock has more volatility and upside potential. In general vaccine stocks are performing well as COVID RSV and influenza vaccines are active in research are Viral Hepatitis vaccine...
LCID on the 15 minute chart is shown with two sets of anchored VWAP lines overlaid being set at the pivot low of April 22 and the pivot high of May 6th. LCID completed a trend down today which began on May 6th. Price has reversed and is breaking up through VWAP band lines on the chart. The faster green RSI line has crossed over the 50 level in the past...
CAKE on a 30-minute chart with a set of VWAP band lines anchored back one month shows the cycle of a trend up from a good earnings report into the uppermost band lines followed by a retracement down to the slowly rising mean VWAP where after consolidation and testing of that support, price has begun a new trend up. This is confirmed by EMA line convergences...