Entry price: 243-245$
Target price: 283$
Stop loss: 240-243$
Bollinger Bands: The price is under the lower band.
RSI: Indicator crossed the 30 level, therefore the assets is oversold.
Conclusions: RSI and Bollinger Bands suggests upcoming trend reversal. However the price already crossed the 1.618 Fibonacci Retracement level, thus the entry price is recommended...
CHWY Daily TF
Broke the downtrend and forming nice channel up. Trading above the 20/50 day ema. Ideally would like to see a a dip to 75-76 retesting bottom channel line for a dip entry but break of 81 looking at 86.
Targets: 81,86, 93
I've developed a bearish algorithm/screener that screens for stocks with identified selling pressure / trend followed by a dead cat bounce that is likely to fail - which we will attempt to short. I'm trying to combine trend following and VFI trading principles for the coming bear market.
1. 200 EMA: below current market price (this is so we don't...
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality...
LLY why is in striking distance of highs also is very consolidated on the daily chart. with Q4 earnings are great. Over all earnings are strong with alot of demand for its COVID product.
207.5 buy point with about 25 point for growth.
I am a long term investor in LLY for many years along with a swing trade turned into a long term hold from back in November. Today there was a nice pullback from the post-Earnings retracement for an addition.
Years ago when I was learning to trade and studying under my mentor he told me that day trading was best done in just the 90 minutes from 10:00am EST to 11:30am EST. This makes a lot of sense.
The 9:30am to 10:00am opening time is very volatile for stocks. Traders are rushing to open or close positions before many have made their decisions to put orders into...
The beauty of studying price action is that a trader can apply their skills to ANY instrument, timeframe, and market. Just as the 50% retracement works in cryptocurrency it of course works in stocks. This happens to be a trade that I was able to catch. It took more than a day to trigger when NYSE:LLY pulled back to the 50% retracement for a 4th time. A very...
LLY will just bearish in the short term, while it fills the gap near $140.
1. Our first confirmation is that the 21 moving average is very far away from the current price at $160. We can see a sharp pull back from the resistance level at $160.
2. The fib retracement has reached 1.161%, which is a massive gain for bulls forcing them to take profits.
$LLY Oversold - Bullish Hammer on Daily Chart
Pennant formed on shorter time frame charts. Bounce move could be imminent.
Short term target - $148.00
Could quickly see $152.00 if upper down-trend line is broken.
Note: Meant to be educational, not investment advice.