We could see potential upward movement although sellers were stronger. We have formed fake-breakout on a 4h chart closing below the 4h timeframe and below 1d timeframe resistance. Meaning that shorting in current position wouldn't be a mistake. Waiting for a little pullback and continuation to the downside. My entry (when markets open) Entry: .66862 SL:...
Cup and Handle breakout to the upside with target to $215.50. The breakout to the upside confirmed but is VERY weak. The other sign of hesitance is the moving averages 7 > 21 <200MA Either I'd wait for a test to the new support (Brim level) or a Strong candle up for some thought of upside to come. Target $215.54
Following a nearly -30% decline in the first half of the year, its worst start to a year ever, the NASDAQ 100 index has at least stabilized in the 11,000s this month. That fragile calm will be put to the test over the next couple of weeks as the heavily-weighted Big Tech stocks report earnings in the coming weeks (see my colleague Josh Warner’s full Big Tech...
TSMC to up Arizona investment to $40 billion with second semiconductor chip plant The investment by TSMC is one of the largest foreign investments in U.S. history, and the largest in the state of Arizona. Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health-care devices. Once the plants open, they will produce...
You can see that dashed line, that's out buy zone, now you can take up a short position, and long from there, it looks sills soon you will raise that this was scerius stuff, so just save this, take up screanshoot and check out in mid of 2023
The SP500 has formed a Cup and Handle and another bigger Cup and Handle in the Daily chart. The price has broken up and out of it and the Moving Averages are all looking good giving the first target of 44,100. The big BUTT! Is that there has been a massive downtrend since 23 December 2021, which the price will have to overcome. The price action is showing...
HDSN is showing a classic bull formation for upside. We have a Double Bottom accompanies by 7>21>200 Moving Averages. Right now we are seeing a retest to the 21MA which hopefully it gets its catalyst for further upside. I don't like how the breakout was treated, but the system is the system and the long is activated.
BG has been showing strong upside signs with moving averages crossing up. We also see a potential Cup and Handle which strong upside to $127.57. However, it's formed with a GAP... And as I've mentioned with many analyses, Gaps tend to close 70% of the time which could bring the price lower. This makes this analysis a medium probability trade where I'd only risk...
Skew Inverse Head And Shoulders with a target of $174.65. We do see bullish signals momentum wise where 7>21 >200. Bullish Let's just hope a bull market does kick in here as we enter the Christmas season with a Santa Rally.
Potential Inv H and S on 3D Systems. It looks ok, but the price still remains under 200MA and we need a break above the neckline first. I wouldn't risk more than 1.5% for this trade. Target $15.13
Moderna has broken up above the 200MA... It looks good for upside along with the American rally with (lower than expected inflation rates, high GDP numbers and higher jobs). We just need a strong breakout above the Rectangle Box Formation before we have upside to $258.00.
heres a chart with inflation at 2.63 over 6-7 year period im going to start running for biden administration - hopefully we can get trudeau out sooner- lol - like flagged comment follow do as you choose - take care
This is very subjective, and I am not good with these analyses... It seems like a Rising Wedge in an uptrend has established (though some might see a Cup and Handle). Also there is a strong bearish pinbar candle, that has shown the sellers are winning. The momentum is looking weak and we could very well expect a reversal from here. I would only short though if...
Hershey broke up and out of a Cup and Handle pattern. The Moving Averages are all pointing up and looks good. There is a retest on the brim level giving this a conservative entry for chart pattern traders. Target = $271.00 CONCERNS: With the Interest rate hike of 75 basis points pumping it to 4% with more coming, this could disrupt the upside as it has done with...
We've again the same support at 0,618 fibo, and we use twice to watch if the smae number will occur, and yes, 0,18 still support. So the price could test the support and go long, or will just change direction to a long strategy, since MACD is already touching support. But our position will be: Waiting for a bigger bullish candle to buy XAUUSD or wait for the...
23,6% we have the main resistance 38,2% we had the last support that already is the new resistance, and the 50% the support, with some shadows candles testing it. If 0,5 is crossed this have a big probability of being the next resistance. We believe two options of testing the support and resitance, however the 0,382 seems to be a strong resistance, tested several...
Cup & Handle formed on daily. Gap close is likely. RSI broken above 50 and out of the downtrend (Bullish momentum) Target $338.39 Concerns: Moving averages are still down 200 > Price. Overall downtrend still evident Bias- bullish
Broadening Diamond Formation on Occidental Bias upside: MA's Bullish and price keeps bouncing up on 200MA - then going to new highs. RSI up and making higher lows Target $91.90