Will Bitcoin follow its recent pattern -- chop for a few weeks, touch the EMA9 at around 37.5k on the weekly -- before exploding up to $60k+? Volume has been divergent on this recent uptrend, despite huge squeeze Momo & huge corporate news w/ Tesla. Anchored VWAP on the last move up after a chop would match this shake out. Volatility has been rising, too, since...
In the last 6 - 7 years the $16 handle represented significance in both supply and demand. Inverse head and shoulders patterns are common major bottoms. The neckline represents historical supply where price has difficulty getting above, because buyers aren't yet motivated enough to hold through those price levels. A catalyst is needed. An example of one that...
Inverted CUP & HANDLE One way to think of the inverted handle is a follow-up to an inverted cup. The inverted handle retraces the initial move, but not to the level of the original trend. Once you see a retracement in the form of an inverted handle of the original inverted cup pattern, setting a stop loss while selling the trend could be a potential trade...
chose this one today mainly because of the nutty volatility but with the caveat that i'm not going to go with the algorithmically generated stoploss, instead setting it at the cloud bottom. I'm not about risking a -23% trade lol
Really depends if we holds this support. I used Fibonacci retracements for targets.
This is coming directly from Gandalf, honestly. How come a 2.5bil market cap company make about 3 bil a year in earnings? They are restructuring revenue streams and while the revenue has spiked enormously in the past years while earnings are kept about at the same rate, this should change in the future. It is heavily underpriced and perhaps the Chine delisting FUD...
i think MOMO is trending up to a price target of $21 towards Earnings.
The price is dropping very rapidly, as I want it too. So I better make this quick. Demand is up because of humans but also animals, production not great. "A wet winter and dry spring in the UK is set to yield its smallest crop since 1981, Carr’s Flour said in its monthly market report." I watch some agricultors on youtube, west europeans barely make...
this tech selloff!
In a time where most stocks have prices that are very very high compared to earnings this stock is interesting. With the exception of this quarter the total revenue month to month has been amazing on this stock. They also are using very little debt which is ideal going into economic uncertainty. When things start to turn around they have the ability to...
Spent some time tonight looking at this one. She looks like a beauty with PLENTY of potential upside, (Should it hold current daily levels around 17. 1) I have marked what i feel are import price levels 2) catching the shift in momentum back upward here can net many potential gains 3) stop loss on this trade is pretty tight, so the risk to reward ratio is heavily...
NYSE:SQ SQ was trading above a regression channel that has been in place since the beginning of April. If it can break these next key support level, which happens to be Square’s previous all time high, then I see it going down to 92. This is a special support as it marks the bottom of the regression channel, a previous strong resistance level, and a potential gap fill.
Like the double bottom, good volume, entry on high of pre. Market if volume is their
In current context it is very hard to make prediction and especially in Chinese stocks. MOMO has recently completed H&S pattern which is usually regarded as bearish chart pattern. Stock is very volatile last 3 weeks and it drops to its strong support at around 22-23. Situation with COVID-19 fuels uncertainty and fear into global markets sentiment and can push MOMO...