Confluence of factors to support this view: 1. golden crossed on 4Jan23 2. 200 day MA is now flattening out 3. beginining to break out of a 2 month sideway consolidation (>86.89) It is possible that the stock could dip back briefly into the consolidation range in the near future but we are likely to see a higher low should this happen. Disclaimer: Just my 2...
CDAY had been basing since hitting low on 16 June 2022 (7 months now). It formed a Golden Cross on 17Nov 2022 (2 months+ ago) but continued to trade flip flopped within a sideway range while it's 200 day moving average began to flatten out. With it's 200 day MA having shifted from a downtrend to a flat line, the odds have increased for start of a sustainable up...
Unlike the tezos, and algo inv h&s patterns which ended up being takeouts and have now been nullified, the ltc inv h&s seems to still be legit and is currently attempt to validate its breakout. We can also see it is just 1-3 daily candles away from its golden cross adding bullish confluence to this breakout. The breakout target had to be readjusted slightly lower...
SHOP had been building a rounding base for the past 9 months with 2 (failed) attempts to break it's neckline @ 45.30. The stock finally had a Golden Cross a few days ago on 18 Jan, further solidifying that it is bottoming out. Even after golden cross has occurred, some stocks can continue to remain volatile within a range for another 2 or even 3 months. Hence a...
NVDA was gyrating in a wild and wide base in the last 6 months. On 14 Dec it even went above the 200 day moving average but alas it proved to be shortlived as it began to retace 61.8% of the swing (AB) , forming what is now apparent a potential inverse Head & Shoulders pattern. As of now NVDA is trading above it's 200 day moving average again (a postiive) and a...
On Jan 3, I posted that SPX had been trading in a diamond pattern since late May, a potentially bottoming formation in a bearish market. It has been 2 weeks since and this pattern continues to play out. 2 days ago, SPX managed to close above its 200 day moving average and stopped right at the critical longer term trendline resistence again. This is the 3rd...
There are several factors that are aligning in MELI's favour for sustainable recovery in the near future (minor pullbacks not withstanding): 1. Since hitting the low in June2022, it began to whip saw sideways within an ascending triangle pattern. This is a possible reversal pattern when formed after a downtrend. 2. A golden cross on 22 Dec2022: another signal...
Dropping this idea for a good TV buddy here who was about to shart it. I have no fundamentals atm, just pure TA and hopefully it plays out well for you. Key Features : 1. Reverse Fib from High 2. 50/200 EMA's heading for convergence / cross over above 3. Pitchfork (theoretical) looking like it wants to fill the upper channel 4. Volume Profile looks a bit...
Potential Golden Cross incoming which can provide some drastic movement to the upside. Golden Cross is when 50 day (blue) MA crosses over 200 day MA (orange) for any new traders. Higher probability when using higher time frames like the daily, weekly or monthly chart. The higher the time frame, the stronger the signal IMO
ETSY has been trading above it's 200 day MA since 10 Nov22 and a Golden Cross since 30 Nov22. The trend is still up despite the steep pullbacks that this stock is prone to. At the moment we are seeing yet another "flag" formation, the next buy will be triggered should it start to break above this flag (124-127 depending on when the breakup occur, if it happens)....
MACD recently crossed and price has made higher highs and higher lows since breaking out of the rectangle formation. ADX is showing a strong trend (34) as D+ continues rising. Golden cross appears to be imminent as the 50 SMA continues to rise towards the 200 SMA. Looking for a strong move through the .618 fibonacci level (1893.66) Targets: $1969, $2066 and...
The chat is self explanatory. Double Bottom, and then a golden cross. Finally a high volume candle on 4 Jan23 that propelled it quickly from 66.31to 71.94 (8.5%) in 3 days. Initial stops can be placed just under the high volume candle (ie < 66.70). However with numerous near term resistences looming, expected to face some pullbacks / consolidation along the...
Home builders had a steep fall in the 1st half of 2022 and had been building a base in the 2nd half. They have now emerged from the base and appear to be on the slow path to recovery. TOL has seen at least 3 gap ups since it's last golden cross on 8 Nov22. A sign that moemntum has been building since this golden cross. There was an attempt to break above it's...
Golden crossed on 8 Dec22. However a stock could still be volatile for an average of 2-6 weeks after a Golden Cross has occurred before it began to trend more consistently. About 4 weeks post golden cross now, will this stock be ready to break above 117 soon? Warning: Earnings is expected on 1st February, there is always risks to trade or hold positions...
And all those gaps still to fill...c'mon Golden Cross, it's been a long time!!
An extrapolation of MEDIPHARM LABS' 50-day and 200-day moving average lines suggests a GOLDEN CROSS should take place early next year. According to The Globe and Mail, the target price for LABS is $0.10: www.theglobeandmail.com This represents a 20% upside potential. GLTA!
Technical Analysis : -- Strict Stop Loss = 3150 -- Risk : Reward = 1 : 3 -- Target - 1 = 4059 -- Target - 2 = 4597 -- Target - 3 = 4988 -- Strong support at 3039. -- Re enter the trade at 3185 -- Touching 200 EMA Fundamental Analysis : -- Divi's Lab has a healthy ROE. -- Over the last 5 years, revenue has grown at a yearly rate of 17% -- ROCE: Maintaining...