If we get this 2 hour candle close and the 20 EMA remains over the 55 EMA, strap in! Coins Kid calls that the "Buy and go to the beach" BAGTTB signal. That means buy and chill, the only way is up. Wait for the candle to close or use a stop. I think short are getting wrecked on this play and this will cause a huge squeeze. We will see at least. Do your own...
AMEX:SPY March 8, 2024. 15 Minutes. AMEX:SPY opened with a gap. I closed around 514.2 levels. AMEX:SPY ended the day with support multiple times on the top rectangle box drawn around 514 levels. Considering the rise of 508.52 to 515.89 holding 512 levels uptrend continues. Also due to the gap and holding 514 levels the oscillator also made a high along...
This chart is interesting because as you can see NASDAQ:GOOGL has had a STRONG uptrend and continues to respect the trendline over time. on the other side we see that we have weakness in the near term and have breached the 50ema and the shorter term EMAs have crossed. If the trendline is broken we can look to short under $139, if we see a bounce materialize here...
Although there is a cup handle formation on the chart, the targets are determined according to Fibonacci. Our formation condition is that we need to see closings above 1.70
Verizon Communications has rallied since late October, and some traders may think its uptrend is fading. The first pattern on today's chart is the pair of bullish gaps on October 24 and January 23 after strong quarterly reports. Notice how prices continued higher after the initial surge, but faded after the second move. That may suggest improved fundamentals are...
Although there is a cup handle formation on the chart, the targets are determined according to Fibonacci. Our formation condition is that we need to see closings above 0.076687
Although there is a cup handle formation on the chart, the targets are determined according to Fibonacci. Our formation condition is that we need to see closings above 93.01
Although there is a cup handle formation on the chart, the targets are determined according to Fibonacci.
Although there is a cup handle formation on the chart, the targets are determined according to Fibonacci. Our formation condition is that we need to see closings above 3.983
Although there is a bowl formation on the chart, the targets are determined according to Fibonacci. Our formation condition is that we need to see closings above 0.01448
Although there is a bowl formation on the chart, the targets are determined according to Fibonacci. Our formation condition is that we need to see closings above 2.515.
If it can continue to hold the 100sma and make higher lows, a jump to $144-150 @ the 1.618 would be the next move.
DAL is currently trying to break out of a major pivot that's acted as support and resistance all the way back to 2020. It broke the local high at $42.70 and now pushing above $43. It's been riding the 20 EMA on the daily since mid January, and showing really great relative strength. Targets $47 and $50
I'm entering a long position in FNGD today at market open using 60% of my equity. Why: RSI momentum positive. RSI about to cross 55. I consider he path between 55 and 70 an ideal long. FNGD is sitting on 8,13 and 21 period EMAs providing possible support. Stop Loss: 4% Will move up manually is it goes in my favor. Risks: There's a FVG area aroun $3.78 Price...
NASDAQ:IBIT March 7, 2024 15 Minutes. Yesterday we had sideways after a gap up open. For the rise from 34.03 to 38.59, holding 36.5 levels uptrend continues. I expect a correction as oscillator divergence is seen. For the larger move from 29 to 39 we need to hold 35 levels being the 61.8 reteracement for the shorter rise 34.03 to 38.59, which is also 200...
AMEX:SPY March 7, 2024 15 Minutes. The gap at open to 510 levels did not allow for a short. AMEX:SPY taking support on 200 averages and is consolidating for a move. The moving averages have converged at close. So holding 508 levels I expect an upward push today towards 513-514 levels. The stochastics which had a black bar at the bottom have now...
I am interested in this big, yawning gap seen on the chart. This morning the stock generated very high interest (highest volume day YTD). But there was resistance from the Fib level, from the 200-day SMA, and from the prior high to overcome, and ultimately the stock failed to close above the Oct 17, 2023 high. Still, on an overall flat-to-down day the stock...
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...