I reported earlier in the month that A2 Milk was showing a good formation of a head and shoulders pattern.
This week we had a confirmed breakout of the neckline, here is my complete analysis.
Price has fallen and closed below 30EMA (weekly).
Price has fallen and closed below 200EMA (daily).
CCI indicator(daily) is reading 222, which is a sign of strength to...
Hello dear traders,
Let's keep it simple.
a/ Market structure: still intact bullish structure, but indecisive at the moment => No trend.
b/ RSI: indecisive => No trend.
c/ MACD: Under Bearish Crossover in positive territory. => Consolidation.
a/ Market structure: still intact bullish structure, but indecisive at the moment. Breakout of...
White candlesticks are small, weak, & irregular in trend pattern. Suspended Buybacks in 2017, reason was too much debt. Shifted into a Trading Range that dropped sharply in Nov.-Dec. 2018. No Dark Pool Quiet Accumulation in the bottom, Small Funds buying caused move up.
update on trade, still bearish looking for the retest of the broken falling wedge. And i cant see a push higher after resistance until we at least get a retest of the trendline.
For now staying in the position and considering the current phase as drawback.
& we need to keep an eye on price closely for GDP data in a few hours. Right now im trusting our hand, as...
Weekly view shows a downtrend until the end of 2018, then the stock moved sideways in a trend that is not a bottom. Supported by a weak intermediate support level. Could break to the downside with High Frequency Trader action.
In this idea, I'd like to suggest that the 10 simple MA when shown on the Relative Strength Index is a great magnet for bitcoin pullbacks when shown throughout the previous bull trend. We are still a bit high above it here and I am looking for a bounce around the green line marked on the RSI.
PayPal broke to the downside, then bounced up on a strong upside market day. However, the gain of the bounce is weaker in volume and price pattern than the previous downside black candlestick. It has weak support to the downside all the way to the red line.
After a strong rally to the upside it's hard to see price moving downward, afterall we've bean hearing a lot of possitive news througout the media. But as a trader aren't we supposed to be contrarians? Well after looking at how today ended It could be hypothesised that the stong move to the upside has calmed down since bulls failed to break through recisstance and...
In a clear bearish channel. Odds are for further downside.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Green line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas...