NASDAQ:COST was over-speculated by retail groups. Extreme angles of ascent do not hold. The severity of the recent angle of ascent due to speculation warned well ahead of time that COST would have a meltdown when buyers evaporated. The first strong support level is at the black line.
The Weekly chart shows stronger runs up than down. Costco is frequently...
The bottom formation is confirmed with rising Accumulation/Distribution and a nice, controlled base at the low. This is evidence of a Dark Pool Buy Zone, aka accumulation zone, where bargain hunting has occurred.
But a bottom formation is a sideways pattern first, before it becomes a sustained uptrend. Resistance overhead is strong, so swing traders should be...
My guess regarding potential price point probabilities and exit points. I think hitting the 11.1 extension is a stretch on this one, but this a hunch and nothing more. Some of these assets can obviously far surpass targets in a final impulse wave (or even fall far shorter, hitting minimum extension levels), if this is in fact what it appears- a final 5th impulse wave.
Bitcoin (BTCUSD) has all but invalidated the most bullish PURPLE setup that was discussed in our last update that had us looking at a nested 1-2,i-ii setup in both BTC and ETH. While officially, that would mean that we are in the GREEN alt pattern (not shown) which calls for an ending diagonal up for our final 5th wave, the RED alt pattern has become SIGNIFICANTLY...
CTRE is a REIT focused on adult care facilities.
Overview beyond the technical analysis:
In the past, CTRE it has been recommended by highly experienced real estate attorneys as a long-term REIT for holding/dividends.
Given the aging boomer population and focus on healthcare amidst the pandemic, this REIT stands out from others.
Technical Analysis:
CTRE is...
Afternoon people,
I'd just like to say firstly thank you for all the support and for taking the time out of your day to consume my content. It's most appreciated.
Diving right into the charts here we are looking at the weekly chart for XRP. As we can see for quite some time we have been pretty much moving sideways, since we broke out and retested the 3 year...
Hello All
Hope the last trading week was in the green for all of you.
Back with a flag and pole on a daily and weekly time frame on ZM (this chart is on a daily).
Good entry point if the daily takes support of the trend line and closes above the previous low.
Stop loss just below the support trend line of the flag ( see red horizontal line ) .
My entry is...
Hello everyone,
In my last post I've provided an update regarding Relative Strength Index (RSI) and how two overbought signals on monthly chart can be used for exit strategy in cryptos, especially Bitcoin.
As you can see at the bottom of the new chart, we are quickly approaching the first RSI bubble and value of the RSI is already around 91 points (1st April...
Hello traders and investors! Let’s analyze AAL again! In this analysis, I’ll share some exit strategies you can use on it.
Ok, as we have been saying since my first analysis, in the end of January, AAL finally hit its natural target at $ 22.80, and it is trading even above it today! My analyses on AAL were all public, and the link to them are below this...
Hello traders and investors! Let’s see how PLUG is doing today!
The stock is performing amazingly well, and so far, we didn’t see any reversal or pullback signs around. And I got some strategies you can use here if you are anxious or afraid of a pullback.
First, I would put a trailing stop on the previous day’s low, and if PLUG closes under it, I would just...
Hello traders and investors! So, today is the famous split! But what are the consequences of it?
Well, first and most important, splits don’t change a company’s fundamentals . It is the same old Tesla.
Splits are just a strategy a company uses to increase the liquidity of its stocks and made it more accessible to the public. More than $ 2k on one stock is quite...
Hello traders and investors! Let’s see how NIO is behaving today! It is doing some fantastic movements, but what to do with it now? There are a few strategies to use here.
First, if you are out, there’s nothing else but wait for a pullback or correction . These movements are normal and healthy, and they will happen eventually. This way, you’ll jump in a safer...
Hello traders and investors! What a glorious day for Tesla, right? We see a new ATH, which is great, but what to do next? Let’s talk about it.
I receive a lot of messages asking for targets on Tesla. When it was trading around $ 1k people were saying the target should be $ 1.2k. When it was around $ 1.5k, the target was $ 1.8. Then $ 2k, then $ 2.2, and now that...
