Entry price: 335-340$
Target price: 352-354$
RSI: neutral, approaching 50 level, so there is potential for the future growth.
Candlestick Patterns: Hammer and Bullish Kicker
Fibonacci Extension: The last candle crossed the Fibonacci 161,8% level.
Conclusions: Candle patterns and RSI suggest bullish momentum of the asset. Moreover, the price just crossed the last...
Shopify looking really nice here, certainly worth noting the 200 day EMA acting as strong support for SHOP as it has bounced off it three times since March, additionally Shopify does have earnings coming up on 10/28'. However, will be looking for a breakout from this falling wedge (Broader Market Conditions Permitting)- Just some support and resistance levels and...
The stock has been making a flag pattern after the market topped. If we take the runaway gap made at the beginning of July as the initial move before the flag, then is a 57 point move. According to the flag pattern measure rules, if a breakout above occurs, then the price of NYSE:IIPR should get to $300. Last week rebounded from its support at $222 with a nice...
AUD/NZD is extending gains in the aftermath of a bullish Hammer candlestick pattern.
Prices have since taken out the 20-day Simple Moving Average, a further upside close could confirm the breakout. Such an outcome may place the focus on the 50-day SMA.
Clearing the 50-day SMA may open the door to a material turn higher. In such a case, watch the 1.0541 - 1.0564...
Hello traders and investors! The SPX hit our target again, at the 21 ema, as we already expected since our previous analysis, and now it seems the index is having some problems in defeating this resistance. Let’s see what’s for us here today.
We are having a hard time near the 21 ema, but that was already expected, as we set the 21 ema as our target in our last...
SE is looking quite nice here, been watching this one for a while- will be looking for a breakout from this pennant (broader market conditions permitting). Just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on- Bullish
- Clean hammer & bounced right off the 20-day EMA on the 4-hour timeframe, other EMA's starting to...
Hello traders and investors! Let’s see how NIO is doing today!
Since our last analysis, NIO dropped sharply, frustrating the bullish bias seen in the short-term. However, the drop was perfectly controlled, as the price just found its support again, at the black line around $ 36.68.
Now the challenge is to climb all the way back to the $ 40.59 and fill the...
I've talked about consolidation 9 a bunch on my twitter and previous ideas. I believe $TSLA will join $NVDA and $PYPL in having a continuation 9 and burst higher. $TSLA has a strong hammer candle at previous resistance turned suppport.
Reminds me of $CRWD
Watching HD closely here and looking for a breakout (Broader Market Conditions Permitting) -
- MACD is seemingly about to cross
- Bullish hammer right on the 50-day EMA
- Slight bullish divergence on the RSI
- just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones
Cryptos just printed a pretty-looking 4h hammer candle at key levels. Most of them on the 4hour and 1hour are sitting on wave 3 or wave 1 of TD D-Wave as well. Also daily chart still have the bullish engulfing still active trade. Crypto traders can use that bullish engulfing candle low as stop loss for your crypto.
PING AN (2318)
Expect price to stablise and retest HK$79-80.00 area
Analysis is For:
Single Stock Tactical Allocation (Greater China Market)
Swing Trading - Generate Portfolio Alpha
Supporting Technical Observations:
1. Trading at Resistance-turned-Support and High Volume Node Levels
2. Hammer Pattern
3. Fund Flow Index (FFI), Positive...