Since Bitcoin hit an all time high of $42,000 it needed to slow down and simmer. We we briefly formed a symmetrical triangle only to break down into a falling wedge pattern. Wedge patterns can signal either a positive or negative price change. In Bitcoins scenario a falling wedge would be considered a "bullish" pattern. Of course we need to wait for a breakout of...
WIPRO moved as shown in previous chart. It may correct to 400 in coming days. Monday January 11 it may cross 450 . Then a correction to 400 and rally begin for target 520+ .However its not end .
I like Cardano from 2020 when I check out the proyect and it's my most appreciate cryptocurrency that I want to invest. But I have my own plan based in multiple strategic to invest in Cardano. Cardano have a large future so wonderful and I true in this giant project that it's sleeping and I'm in my own eyes. For that, to say you in the past 2 weeks I put a long...
Price contracting nicely, respecting my levels so far. I bought in slightly early, but with a stop-loss tucked under the wedge nicely. I believe that with the national lockdowns more people will shop online, thus Amazon will pop to the upside. This ties in with Amazons continued growth, and respects the previous trend and chart pattern. All confluences to...
Nitin Spinners deals in textile industry. My propritery indicator has also given a long signal on weekly time frames. The stock has recently tested its long term downward trending RSI resistance. It seems like the stock is on the verge ofchanging its doward trend to an uptred. Stock is fundamentally strong and the crucial levels to watch is 95-100. Any...
AvalonBay, monthly timeframe: Mirror level + Side of Bollinger bands + Hammer + Spinning Top + Nice discount
SCHLUMBERGER, monthly timeframe: Mirror level + Harami + Side of Bollinger bands + Oversold + Divergence + Great discount
CVS Health, monthly chart: 17 years old(!) support line + Great discount: 47%
AMD (Advanced Microdevices) has been on a tear, and for many good reasons. Still, note the short-term correction and whether all its current growth potential has already been priced in. AMD gained strong profitability in 2016 and beyond posting strong and accelerating results with the success of its Ryzen processors. AMD's ability to both produce and deliver...
Venkys (India) has diversified its activities in poultry sector that includes the production of SPF eggs, chicken and eggs processing, broiler and layer breeding, animal health products, Poultry feed & equipment, soya bean extract and many more. The company derives 50% of its business from poultry and poultry products with rest coming from animal...
Nikola, daily timeframe: Mirror level + Support line + Breakout of resistance line + Price holding on these levels
SNAP, weekly timeframe: Mirror level + Hammer + 4th week of holding + Nice discount
AUDCAD bounced off top of channel as expected (see past AUDCAD idea linked). This trade profited over 100 pips. Waiting on a break of .9500 area and a close under it. This will confirm more selling to the bottom side. Indicators: 1. Weekly trend is still downwards. 2. Weekly RSI overbought, now in a strong sell zone Entry: Once we have a break of channel, sell...
See my last trades of this pair, been trading it since the bottom of the weekly channel. Since the last update and entry at 1.7250 area, pair is currently up 500 pips with lots more opportunity to go. Indicators: 1. Weekly upward channel holding and pair bounced off bottom of channel. 2. Weekly RSI in buy zone. 3. We are creating higher highs and higher...
3M Company looks so tasty! Monthly chart: Support line + Horizontal support level + Hammer + Nice "discount"
Occidental Petroleum, monthly timeframe: 46 years old(!) support zone + Buyers + Volumes + Oversold
Macy's, monthly timeframe: 28 years long(!) support zone + Harami + Spinning Top + Oversold
Spirit Airlines, monthly timeframe: 9 years old(!) support level + Hammer + Oversold