Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold is slowly but steadily approaching its previous all-time-highs exactly at the $2070 area. All of this previous resistance which we rejected two times towards the downside in the past is now turned quite strong resistance again,...
As the market leader in the fast food industry, McDonalds enjoys global brand recognition. It is a slow but steady gainer pays consistent dividends and always has buyers when a seller lets some shares go at a reasonable price. On the weekly chart over five years MCD is now at the all time high and weathered the COVID era and recent market gyrations quite...
JSE:HCI printed a new all-time high this week, and there's a decent amount of volume. The upward movement might have some steam in it. Potential long setup, it's worth considering the overall market strength. Breakouts tend to fail in weak markets.
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold is having very strong momentum towards the upside, just the past 3 weeks the market is up about 10% which is quite a strong move for an asset like Gold. You can also see that we are currently retesting a previous weekly...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Apple stock is currently breaking above a major previous weekly resistance area which we had at $153. In my last analysis, linked below, I explained all the reasons for which I do expect a breakout, now I am just waiting for a retest...
It has broken out from old consolidation high 2800. Strong stocks under this sector should give good returns.
Funny how the fib gives a new ATH target of 1234567 $ What do you think traders?
The cryptocurrency token Optimism has reached a new all-time high; let’s see what happens next! What is Optimism? Optimism (OP) is a cryptocurrency built on the Ethereum blockchain. It is a new type of token used to pay for transactions on the Optimism layer 2 scaling solution for Ethereum. The Optimism protocol allows for faster and cheaper transactions by...
Hello, my dear friends and fellow traders. What we are going to look at today is the ABFRL stock. This analysis is based on weekly chart. This stock gains support level and breaks the previous resistance level and makes all-time high. There are opportunities to go upside because this support level has been carried the price once again to all-time high Thanks &...
Going into the new year, I am watching NYSE:WMT for a short/take profit opportunity. Walmart tested and closed below the all-time high of 2020 ($153.66) for the year, showing signs of falling in 2023!
Ummm, the fast and short answer is that I am overall bearish on the SPY and anticipate we ultimately get rejected from this ATH (all time high) trendline ...however, it is starting to get complicated, lol. Disclaimer: Be aware the following comments are just my observations and I am not a professional trader. I am school teacher by day and stock junky by night,...
Elon is bringing the heat. after releasing the media coverup story of the decade, has gone on to announce that his newly acquired twitter will be implementing crypto features shortly. Meaning that purchasing your twitter badge subscription along with other features causing real world adoption for crypto to start. lots of folks dont see the practicality, but...
Sitting near all-time highs, WFRD is one of the strongest looking setups in the market. Enormous EPS growth estimates for next year, coiling up tightly post-earnings, showing massive relative strength. A breakout on volume for this name would be one of the very few breakouts that I would trust in the current market. Energy stocks seem to have the ability to be...
ICICI Bank Limited is an Indian Private bank. It is headquartered at Mumbai and component of nifty50 and Banknifty. * Trade with proper risk management. * To Decide Qty use this formula. --- Qty = Risk Per Trade/SL Points. --- Only for educational purpose.
Respecting trendline, Volume today is greater than past few days, Breaking the previous days high. Good one to look into.
Weekly Chart of CAT: this is one of the Dow components that is nearing its previous all-time high resistance levels. It is one of the first few Dow 30 stocks to challenge prior all-time high prices. Caterpillar Inc. has been running with momentum that will now pause or stall at this level. Now, watch to see which support level holds as profit-taking...
well as of now US market is 1.5% up. if banknifty brokes its all-time high then there is a chance of having a good trend day tomorrow. so wait for your long entry and if possible try to hold your winners and cut your losses short to stay longer in the stock market. because it was a holiday today so there will be the effect of theta decay as well. keep that thing...