just now With big tech falling after the first week down for the S&P in 2021. We will likely see a slide in the technology space. I believe a buy in the ARKK ETF is a nice prospect. They have positions in companies that are prime to continue performing well in the market. I will be buying the dip on this ETF into the buy zone listed. Tech will slide, the...
Friday we saw big activity in volumes and the price pushed below the internal support line. With the two cases currently we are taking the path of the bearish one. On Thursday we've closed in a pinbar which was an additional price action confirmation that we are heading into a reversal. If the current conditions remain I would expect for the price to fall down...
The biggest short seller of is “Goldman Sachs Hedge Industry VIP ETF” and I don’t know the other ones. But this one for example holds a lot of healthcare stocks (for example Change Healthcare Inc CHNG). So by buying GME some healthcare stocks, paypal, apple... etc. get at least under pressure. And a lot of stuff is invested in this etf. I couldn’t do the full...
We are moving into a more and more tight price action as we are in the end of the wedge now and with the rise of volumes we see some heighten activity in trading. RSI and MACD divergence are still showing divergence with the price and RSI is almost below 50. MACD has a bearish crossing and the histogram is going negative. Two possible scenarios are forming now....
Guys this is a very promising company in the long run, but it is overbought and therefore we could see a sale in the short term. The main electric car etf fell 5% and this is one of the companies within the etf.
Long position from order block yellow and .618 FIB
The ETF's recovery is starting to show its first cracks as we have dropped from Yesterday's highs and closed without an attempt to buy the dip. Volumes were the around the average for the day and the fall could be mostly a result from long covering. But there are some technicals that suggest we may return back inside the range. RSI and MACD have bearish crossovers...
Falling volume on TSLA and trading in oversold RSI led me to think that we're close to the end of this impulse wave. Potential wave 4 on the horizon. Awaiting confirmation - For TSLA to fall below 20W EMA. ATR to find new double bottom.
looks bullish off this low. expecting 390 to 400 top in micro, a correction and then push to 420 not financial advice
Momentus is currently trading through Stable Road Acquisition under the ticker SRAC. Momentus says it is the first company offering the infrastructure that will allow humans to flourish in space. These infrastructure services include last-mile satellite and cargo delivery, payload hosting and in-orbit servicing. In other words, Momentus wants to make space...
Taking a look back at XLE we can see that the ETF has returned to test the area of breach of the symmetrical triangle (or the current support of the descending trend line). Pick up in volume shows that the activity has risen and market participants are getting excited. A breach was made a classical follow-up test was made. Currently, we are sitting at the support...
GDX's downtrend has cast a shadow over gold's price and last week we saw a determined continuation of the downtrend for the Vaneck ETF. The ETF's price broke through the support with an average volume of 26.52M for Friday's trading session and buyers made no attempt to by the dip. We've closed with full-body under the support and below the $36 level. In the days...
Bullish pennant on the shorter TF for $XOP with confluence at weekly support for the pennant target which shows an amazing R:R for a long opportunity. But, being that this ETF is fundamentally bearish because of current concerns for the new virus strain and the fact that technically this is still bearish on the weekly, Ill be setting first target to top of...
XLE has been in a range for quite some time with the fall of Oil price from the first lockdown. But as thing recover and demand for Oil is returning to somewhat normal levels, the ETF is starting to give signs of life as well. RSI well above 50 and is moving slowly into overbought territory, but this means that there is more room for the price to rise. MACD has...
It may have big correction coming, what do you think the resistance will be?
RSI above 50, MACD still with a positive upward slope, as well as a rising histogram. Runaway gap from Yesterday made with a big volume spike and wasn't tested nor covered. An eventual test of the gap would be an additional bullish confirmation, but depending on gold's price that may be skipped.
RSI gave the earlier signal with the bearish crossover, MACD did the additional confirmation. It was important to see the price action as well. Recent highs were sold and Yesterday we finished in negative territory. Volume spike suggests that there was profit closing with an attempt to buy the dip. Selling is minimal, though if the picture continues to deteriorate...
$QQQ stretching, supported by "sky is the limit" motive, but hanging dangerously at the top levels. MACD and RSI pointing for future correction, volumes are descending since November. Interesting to see if buyers manage to reach a new ATH or the ETF is going to take a break.