Obviously TA and candlestick patterns are never a guarantee, even when properly combined with other indicators. That being said I am still very bullish on Shiba and this green hammer makes me all the more confident. DYOR.
ROKU had a very nice hammer on Friday with increasing volume at a great great location. The only concern is the daily 50 pushing down. This is a nice set up to consider but I will wait for one or two days. If it breaks out, I will buy a retest. If it trades sideways, I could consider this stop limit breakout.
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...
BTC daily chart has another printed reversal candle {Hammer}. This single candle consist of enough power to deliver a full reversal by itself. Closing above 61K gives the BULLS the battlefield.
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...
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...
BUY ACE looking good to go long with a Stop-loss of 230 and a target 295. Discliamer This is only for educational purposes please do your own analysis before investing your hard-earned money.
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...
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 PT1- $325.78 PT2- $328.73 PT3- $329.49+
Nice bounce on the Weekly 20EMA right before earnings.
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
Purely a chart play. Not holding any Chinese companies. Stop loss below today's low
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) Analysis Forecast: 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...
BTC is still bullish, that was just a shake out. We have a nice hammer that should hopefully bring us back up! This is not financial advice.