In recent times, the stock price has been increasing exponentially, but it appears that the RSI level of 70 (purple line) has halted the upward momentum. If the uncertain market sentiment continues, the stock may weaken towards the lower Bollinger Band (orange line) and the 50-day moving average (gray line), reaching approximately 107-108 (green circle). It is...
UPST formed a double bottom base over the last 6 months with a horizontal neckline at 26 The odds of a successful breakup has increased this time owing to the overall market strength. A daily CLOSE above could be significant as it has not been able to so for the past 6 months. Other factors increasing optimism (of a successful break in the near future) is some...
Unfortunately, despite what I would personally love to believe and what you might believe, we are still very much in a bear market. You can see in this chart that in any bull market, we remained above the 720 Day MA. As of now we have not been able to get back above it. The positive note here is that the lower timeframe MA's have all begun to cross upward, to...
PLTR had been basing in the past 1 year and is now attempting to break out above the neckline @ 11.62. During this basing, there were some strong volume accumulation in Feb and then again in May (both times earnings inspired). A breakup on strong volume is always desirable and increased the odds of a sustainable rise, with near term target @ 14.50 (and good...
Since breaking up a base formation neckline @ 252, NFLX had began a rather choppy rise with moderately deep pullbacks. Longer term trader could place trailing stops slightly below the rising trendline for now and until such times when this trendline becomes irrelevant. This bull could have some way to go. Disclaimer: Just my 2 cents and not a trade advice....
Despite a generally choppy market since February this year, Nasdaq had a Golden Cross on 13 March which turned out to be sustainable and some encouraging signs are also observed since: 1. NQ began to lead the other indices (namely SPX and IWM), a sign of a "risk off" sentiment as it means more money had been piling back into "riskier" tech & discretionary...
Here is a fun new way to view the RSI. A new TradingView Indicator for you RSI enthusiasts. This is the Honey Chai RSI Indicator. This indicator combines the RSI oscillator with additional features to enhance its functionality and visual study. The purpose of this indicator is to provide a more comprehensive view of the RSI and aid in identifying trends, potential...
Based on the trend, we seeing a transition to upward trend , basically key point to note is price action trend to be in slow waves when it respect the 61.8% fib level so we shall see another leg up to our target Follow me for more break down
PEPE has had its short time in the spotlight after crashing 72% from its all-time high- which doesn't mean much for a coin that has only existed for a few weeks. But we're not going to get into the ethics of meme coins in this post, so we'll table that thought and let you wrestle with it. Our goal in this post is to help you understand how to use our "TBO"...
HSY emerged from an 11-month sideway consolidation on 15th March and began a strong uptrend since. A bull flag is now apparent there could be opportunity to trade the breakup (if it materialises). However, the trend is rather extended at the moment hence it is prudent to trade a smaller size at this juncture. Disclaimer: Just my 2 cents and not a trade advice....
GOOG hit into a long term support zone (83-85) on 3 Nov22 and began to form complex basing formation in the past 5 months (with some similarities to Wyckoff Accumulation Pattern). It now appears to be getting close to embarking on a more sustainable uptrend in the near future, perhaps Earnings expected on 24th of this month could be the catalyst? Signs favoring...
Is EURUSD setting for deep correction? Strong bearish divergence and close below 100 EMA putting pressure on EU. What you say? Share Your reviews.
2nd analysis as per pre market on hourly time frame, will wait to see how price reacts against company decision on dividend cuts, will keep add multiple indicators how price is behaving based on certain events in market.
OK so long term the 200 week and day MA has been the only MA I use as an indicator 😅 before recent times we never closed a weekly candle below it. The blue area is anything under the 200weekly. Either way we recently broke above it (very bullish!!!) However we need a retest. If we are going up again it will surely be a bounce from this line? Thats if it finds...
ABCAPITAL trading near breakout level. If stock trade upper side 160 it will give almost 30-50 points.
In the BankIndia chart a lots of things happened 1. Recently formed double bottom pattern 2. Cross 200EMA at daily time frame. 3. Cross 50EMA at daily time frame. Target 1.First target will be : 84.5 2. second will be : 97 3. If we talk about 2-3 month time period this share has potential to cross about 120-125
In H4, you can see that, price breakout 3EMA (my 3EMA) -> like as a breakout downtrend. So I think, you can buy when price retest on demand zone Goodluck ! Thank for your following, Plz, follow me and donate for me by the way : "Cheer" on Tradingview.
SKX has trended above it's 200 day moving average since 11 Nov 2022 and began to consolidate in a mini cup pattern ("handle" if we look at the monthly timeframe) for the last 3 months. It has just broken above this mini cup neckline @ 49 strongly after earnings beat and is now heading towards a more significant neckline (54 - 56 zone). If it is able to break and...