After a successful acquisition of #Slack by July 31st (per their regulatory filing ), #CRM is poised to return to previous resistance levels.
I like ~ $261 (R1) as the next clear direction for the stock. If broken, watch for a return to ~ $270 (R2) as well.
With data provided by MarketBeat.com , the average consensus price target from analysts is $278.65,...
BTC has recently had one heck of a dip over the past few days, but looks like a descending channel has now begun to form (red lines) that looks like a bounce might be in order.
A bounce from around the current price also looks to be nicely around the 38.2% long-term Fibonacci retracement from the most recent high. Additionally, the 4-hour chart looks to be giving...
EURUSD still in the mid-term downward channel.
As shown in the figure, the EURUSD fell from a high of 1.2349 on January 6 to a low of 1.1704 on March 31, and rebounded sharply to around 1.2150 in April. The entire graph can form a "mid-term downtrend channel". The current price Around 1.20 integers.
The EURUSD price must rise above the April 29 high of 1.2150 in...
PLUG is arguably the leader of hydrogen fuel cell company. However, there are several concerns that need to be addressed.
#1. Hydrogen clean energy is still at the proof-of-concept stage and the natural gas industry seems to be its biggest advocate. Hydrogen gas is emission-free only if it's made by electrolysis from renewable energy.
#2. Currently, major...
CHARTER COMMUNICATIONS INC (#CHTR)
Downward channel taking place from December 2021
Higher low on the 6 April 2021 which may lead to a reversal
Gradually closing above the 50MA
MACD sloping up ( a close above 0 would confirm the positive momentum)
RSI in the middle, room for upside
Target USD 680
Stop loss USD 600
$TIGR is currently on two pattern indicators. Macro it appears to be heading towards the top of a downward channel. This would appear bullish and a break of the channel could lead to the start of a Wave 3/5 the largest wave. Alternatively there is a bear flag forming on the hourly. The downward trend of the last two months could have a 5th leg and I would project...
MRNA seems to have entered another downward channel trend.
Using the previous resistance on the last downward channel trend we can see it can act as a sort of support, the trend also made two other downward resistances as you can see on the chart.
This makes me to believe that this could go back down to $120 where it can make a double bottom which can be a great...
I love seeing and showing examples of pattern breakouts. Either failed or successful. This is an example of a perfect breakout of down ward wedge on NQ position I took.
I will post more pattern succes and failures as they arise.
On this one, we saw that last week the price went into a bearish movement then it bounced back up. This time will the bears win the battle ? If they do, it means that our trendline shall be retested as the price is sitting around a resistance and we will sell it on it's break downward.
The chart is purely technical, trendlines respected, resistance is 33.5 but we should more or less have a clean shot to 34k if we have confirmed the brake out from this downward channel. Overall bullish if we are heading up. Still midterm indecisive, we can always visit 30k for another retest.
Let's se how bullish we are.
Not financial advice.