Last Friday Plug has broken the 4hour GMMA, which is a bullish sign. However, on a daily level, PLUG price has reached 50MA which could be a potential resistance. Also, it is now at the top of the recent downward resistance trend line which might face rejection too if it does not hold. During the past few weeks, I have noticed that PLUG likes to surge before...
Capital One Financial rallied to a 21-month high in late January and paused during February. Now some traders may see upside potential in March. The first pattern on today’s chart is the series of higher lows with prices remaining below its January 26 close. That ascending triangle is a potentially bullish continuation pattern. Second, the 8-day exponential...
US100 looks poised for a 1:3 risk:reward trade on 15 minutes chart. It needs to close below 20EMA to be confirmed. Stop Loss indicated on chart.
BLUE a week ago had a bull run to gain 90% in 5 days and then reversed into a standard Fibonacci retracement on the 30-minute chart, then in consolidation for a day or two getting support from the mean anchored VWAP. The last trading day was a quick rise with momentum in a bull flag. Earnings are coming. I will take another long trade on BLU into earnings....
UBER fell a little after good earnings. Apparently traders where disappointed. It then rallied for three days to close out the week. The following week it retraced the rally for 2-3 days and then consolidated for a week with a re-awakening of bullish momentum in the past prior trading day. From here, I believe that UBER is ready for potential push to an ATH ...
NASDAQ:IBIT March 6, 2024. Started to track this ETF last few days. For the move from 28.91 to 39.68, IBIT retraced yesterday 50% of the last rise. Considering the fall of 39.68 to 34.03 uptrend is only above 37.6 levels. Even crypto I found when too far away from moving averages either goes sideways or retraces. We have 33 levels as 9 moving averages in...
AMEX:SPY March 6, 2024 15 Minutes. AMEX:SPY opened with a gap down. Hence 508 was broken very easily. It has retraced 50% of the larger rise 493 to 514 levels. If we consider the fall fall 514.20 to 504.92 509.5 to 510 is a good level to short. We have in 15 minutes multiple tops around 513 levels. So need to cross convincingly for an upmove. As a...
Price continues to move in direction of 2pm which shows trust in the Philippine businesses since December. Ema 20 40 shows basic uptrade. Volume shows price is currently undervalued. A good thing to buy and hold
On the above weekly chart price action has corrected 50%. A number of reasons now exist to be long, including: 1) RSI resistance breakout. 2) Regular bullish divergence. Measured over 2-months. 3) A Double bottom prints. 3) Price action prints on the 100-week RMA with the divergence. Look left. Is it possible price action corrects further? Sure. Is it...
I traded FX:NAS100 , seen the price action below the 20 ema on the 2 Hour chart. So I took a 10 Ema trade bearish for 1.4R For The Win!
Traders, brace yourselves for an explosive opportunity as we delve into Bank of India's mesmerizing chart dynamics. 📈🔍 🔎 1-Hour Insight: Zooming into the 1-hour timeframe reveals an intriguing narrative—a compelling upward parallel channel that beckons us with promise. 📊 Channel Mastery: Bank of India's price action has gracefully adhered to the confines of...
Traders, spotlight on Canara Bank! 🌟 In the 1-hour timeframe, it's riding within a parallel channel, touching support and bouncing back. 🔄 Now's the time for long positions, with moving averages backing us up. Keep SL below 530. Let's profit together! 💼
AMEX:SPY March 5, 2024 15 Minutes. AMEX:SPY broke 513.29 but the bar on retest went back into the box. I expect 508-509 levels once 512 is broken on the downside. We have 507 as 9 MA on the daily time frame. At the moment holding 510.5 uptrend continues, and if retrace back to 508 levels we will have a target of 512-513 levels for the upmove, consolidate,...
On a 2H chart, the index has had a 125% trend up since October averaging 25% per month but accelerating. I wanted to see if there are any signs of an impeding correction given the uptrend's duration. The past week added about 10% which seems unsustainable. The RSI is not yet in high overvalued /bought territory but is on the approach. The predictive...
As the selling continues, it has brought the PPMs 1 and 2 on the daily and the weekly charts into downtrends. While the PPM3 of both daily and weekly charts are still trendless, they are already in negative territory. However, not all hope is lost. The algos on the PPM1 across both charts are looking at a stabilisation in momentum. Weekly PPM1 algo looks to...
DOGE / USD Originally shared this back in June 2023 noting potential opportunity & now I'm in 250%+ profit ✅ Break out of pennant ✅ Above 21 month moving average (blue line) ✅ Almost out of 35 month decline/consolidation Understand anyone longing Doge here with 3 - 6 month time horizon. I would be out of the trade as soon as the 21 month moving average is...
Merck & Co. (MRK) - signs of potential breakout 4-hour Merck is a large pharmaceutical company that develops and sells vaccines, including a vaccine for pneumonia. The company's stock is undervalued, and it is starting to show signs of a breakout. The stock is up over 8% in the past month, and it is trading above its 50-day moving average. Merck & Co....
Pfizer (PFE) - signs of potential breakout 4-hour Pfizer is a large pharmaceutical company that develops and sells vaccines, including a vaccine for pneumonia. The company's stock is undervalued, and it is starting to show signs of a breakout. The stock is up over 10% in the past month, and it is trading above its 50-day moving average. Pfizer (PFE) Stock...