Citi is very coiled and with more government stimulus you can expect banks to have a similiar up tick to last stimulus
so tightly pinned between anchored vwaps at crucial levels of interest
this helps put things in perspective
Can't get enough of this spread paired with Anchored VWAP. Agree?
EMA: 5 (orange), 20 (blue), 50 (purple), 200 (dotted) I am looking for AXDX to breakout of wedge consolidation above the $10 level. The $10 level is the top of the wedge and the VWAP from the February high and should be the final hurdle before a move to the upside. The stock is trading at the VWAP from the April 30th peak and above the VWAP from the March low....
EMA: 5 orange/20 blue/50 purple/200 black Left: price consolidation above VWAP from recent peak following a breakout from the corrective channel, risk is to the upside and I have to expect higher prices while the stock can stay above $2.20 Right: stock reclaimed 50 EMA after falling below, closing above the 50 for 4 consecutive days, on this most recent trading...
Both VIR and BNTX show similar price action since their respective Covid related drug announcements which put in their March highs. Both stocks have been consistently supported by their VWAP from IPO and their 50 day EMAs. Both stocks also remain held down by their VWAP from their March highs. With both stocks approaching the apex of their descending triangles, I...
Bull case is WTRH holds 200 EMA and breaks above the $2.75 level which is the local resistance and VWAP from May 12 top. Entire triangle consolidation is occurring above the green line which is the VWAP from the March 19 top. I have removed my normal moving average setup as not to clutter the chart, but if you were to check out the hourly 5/20/50 EMA setup, the...
I've started experimenting with the new anchored vwap indicator. Here is the result when you combine them all together. We can now see where we are and where our edge is.
I am looking at a break of the $2.60 level to confirm breakout. -Price tightening within wedge for 3+ months (depending on how you draw the wedge) and completing what appears to be the right shoulder of an IH&S. (The midline, as I have drawn it, fits very neatly). -Price has recently experienced bullish diverging of EMAs with recent strong support found at the 50...
Description: An analysis for the week ahead. Points of Interest: 2975-2900 Balance Area; Friday Spike. Technical: Risk-on sentiment in all major indices. Monday gapped and accepted prices above the prior balance area. Tuesday’s selling diverged from breadth and broad market sentiment. Wednesday opened higher, reflecting underlying market...
I've been accumulating GBTC since $4.28 and as I was looking for the next dip to buy more I ended up with this setup idea that I decided to publish. It'd be a nice swing trade assuming we get down to the entry, though to be clear, this is not financial advice - I am not even planning on trading this other than accumulating more at the entry of $9.85 (will...
Using VWAPs anchored to the 3.1K "bottom" and last year's local top at 13.9K it appears that we are just under that heavy resistance. If we are rejected from the VWAP off the high here (I think we will be) then it's likely that the VWAP off the low will likely provide strong support (will probably be up in mid-8K's by the time we retrace that far). However, if...
Many are unaware of the Anchored VWAP tool and that is unfortunate, because this is a critical marker for large institutions and their orders. When anchored to significant market events, such as 1st trading day of each year, Highs, Lows, Election days, etc; this tool gains even more usefulness. As Brian Shannon, who has popularized the tool amongst retail traders...
Expecting a return to weekly POC in confluence with the demand zone and anchored VWAP. Entry should be found inside the broken base which is sitting at Friday's value area low.