CELG - testing 99, twist in hourly chart

29 0 0
From a longer term noiseless view (Kagi), the price hit the bottom of the downside channel after earnings . It just started a reversal.

On a much shorter timescale, the price is supported by an oblique trend. Candles did not manage to get through it and are currently testing a level at 99.30. Tenkan was broken and price could head towards the Kijun if it passes the previously mentioned level.

Interesting feature on the hourly cloud is the presence of a twist. These areas are interesting in Ichimoku because price may try to go through it, they offer a path of least resistance (see how it went through the previous twist area on 26th). This could be the first sign for a bullish trend at least on hourly scale.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out