Tight Squeeze Breakout Stock! Zen Technologies 1- Stock Trading Above 50-EMA 2- Tight Consolidation Zone 3- Volume Pop out Showing up Keep on Radar. Potential Upside Candidate! #stocks #trading #investing
Hi Guys! This is a Technical Analysis on ARK Innovations ETF (ARKK) on the 1 Week Timeframe. Jumping right in: Our current Price action is currently bouncing off a Confluence of SUPPORT Test We tested this Confluence of Support area the prior 2 weeks. The Confluence involves: 1. 50 SMA 2. Support Line of the Uptrend Channel This would make an area to go...
Japanese index Nikkei 225 (NI225) is in a nice bull run since Uncle Warren loaded up on the cheap Japanese equities. The index made a top at 33770 and has been consolidating since then for the last few weeks. Recently the index made a triple bounce at the 50 day simple moving average with the last push happening on the day of the BoJ MPC meeting decision. The...
Failing bull flag on AMD, not retesting 0.5fib level and around 50SMA. Potential to get down to $83-84. Looks weak
I'm noticing this beautiful double bottom with handle on AVAX so I'm picking several points to prove my analysis. One the price continues to move up out of this handle. Two the price moves above the left side of the W. Three the price moves above the right side of the W. Four, if the price does fall down to the 50 day SMA as a test of support, it bounces off...
Link has overtaken the 200 day average and needs to overtake the 50. The RSI and MACD and movement into the cloud indicate an upcoming move up. Volume is lacking but may pick up as LINK makes it above the cloud.
Price has taken support at crucial level. Support of 50 SMA is another confirmation.
Chart has created higher lows formation with flat level of resistance which has multiple touches. Also price has taken support on 50 SMA and created a narrow range. There is high probablity of bullish breakout on chart. . I am publishing technical analysis on tradingview for educational purpose. You can visit on my profile on tradingview app to learn and...
I see a great resistance at the 50 SMA, we need to break over it and claim it as a support to see a strong move to the upward direction. Symmetrical triangle right about to end, so we'll see if we go up, down or we go sideways for a longer period.
I think I've been looking at DENT from the wrong perspective. In the longer time-frames I can see how DENT did a golden cross in the daily chart. Last time it did that DENT went up almost 100x since the signal. Don't get too caught up in the lower time-frames, the price is way too unpredictable there, I think. But what do you guys think? Opinions?
FX:USDJPY 1. The price has broken out of trendline. 2. Waiting for the MACD to fall below zero line. 3. Once the the 50sma turns red we go short 4. Stop-loss 5 pips above the price. 5. Take profit has to atleast 1:3 We will look for other tools like fib and bearish corrective trendline.
OANDA:AUDCAD Currently we are looking for a long trade reason. 1.Price has broken out of daily descending trendline and playing below bullish corrective trendline. 2.The price has also reached fibo golden Zone between 61.8% and 50%. 3.Once the MACD turns positive and the price move above 50sma we go long. Risk management is key.
Facebook has tested the 50sma at least 4 times since March 2021. Transposing the past trends from the 50sma to today's action we get several targets for taking partial profits. OBV is still in a supportive uptrend, however, RSI has reached its worst level since mid-March at 43. Very clear opportunity to enter a position now around the 50sma. If the price...
Bitcoin likes to bounce at the 50 SMA. If we break below, bad things can happen.
In my analysis of USD/CAD. This currency pair is moving Bearishly on the Daily Chart. Currently retracing at price $1.22862. I forecast that the pair will receive the next lower low at $1.2200. I used the Fibonacci and the 50 MA to analysis the charts. OANDA:USDCAD
Prices are approaching the 50 DMA, which historically has provided suport to the price. Furthermore the 50 DMA is also converging with the neckline to add further support to this level being a suport level for the price. Additionally the RSI also has found support at the level it would reach when the price reached the 50 DMA. This sets up the following: prices...
Hey everyone! Tesla stock has a bullish flag pattern on the daily! Right now it is at the bottom of the flag at around $800. Price should eventually break to the upside at the top of the pattern. As long as this pattern goes through this should be an easy play! If it breaks through the bottom for some reason after too much consolidation we may see it go down to...
I'm looking to enter a Put Credit Spread on DIA with the goal of collecting $5-$6 worth of credit per contact with a $1.5 wide spread. I'll be holding till DOE with the intention of growing capital invested by a minimum of 5% for the week. -Current price is: $308 -Credit spread sell strike: $290 -Current price to sell strick: 6.2% -Is price trading above 50 day...