Occidental Petroleum shot to prominence in early 2022 as investors embraced inflationary stocks. But it’s gone nowhere since and may be at risk of getting sold. The main pattern on today’s chart is the pair of converging trendlines. Falling resistance began last November and rising support started in June. Prices are stuck in the narrowing range, with the...
The price seems not able to close below the 81.00 level. The 5 green arrows showed that buyers keep on pushing the price upward. As a Day Trader, this is an opportunity for a counter-trend trade, because it is obvious that we are in a downtrend at the 4-hour chart. TRADE DIRECTION: Long KEY LEVEL: 81.00 TRIGGER SIGNAL: Bullish pin bar (yellow arrow), supported...
Technical Outlook: LSMA Indicators: The 45 period LSMA in red and the 53 period LSMA in blue are both trending downwards towards the pivotal 50 level, reflecting a bearish sentiment taking hold. TSI Behavior: The True Strength Indicator has just crossed and is angling downwards, with the lines beginning to diverge, enhancing the bearish signal's...
Hi Traders! Due to the weak NFP jobs data last Friday, there is further pressure on the US dollar. USDJPY is back under 150 and trading with bearish momentum. Price Action 📊 The market's price action on the 2H chart is currently bearish. The market broke below the 20 EMA, failed to break back above in the re-test, and is approaching the trendline support with...
Solana, the rising star of the crypto universe, has just experienced an astonishing 50% surge, driven primarily by the ever-growing number of Coinbase users embracing its potential. Coinbase, the renowned cryptocurrency exchange platform, has played a pivotal role in propelling Solana's meteoric rise. As Coinbase users flock to Solana, its value has skyrocketed,...
TECHNICAL ANALYSIS : CUP AND HANDLE PATTERN - A nice cup & handle pattern had finished forming on 26th jun after which market broke out of it & started going bullish for the next 2-3 months 100D SMA REVERSAL - Market had taken a support from 100D SMA twice indicating strong bullish momentum STRONG SUPPORT-RESISTANCE LEVEL - Apart from that...
POSITIVE DIVERGENCE - A hidden bullish divergence or positive divergence has formed on the daily chart indicating strong upwards movement coming soon REVERSAL FROM 200D & 50D SMA ("DAILY" CHART) - Price has also recently tested two sma including testing one 50D twice indicating strong support for move upwards VOLUME SURGE - Volume has surged...
DESENDING WEDGE BREAKOUT - Divi's laboratory has recently broken out of a Descending Wedge pattern with confirmation on weekly chart indicating strong upside pressure 50D & 200D SMA ACTING AS STRONG SUPPORT - Price has recently reversed from these 2 sma on weekly chart simultaneously indicating strong upward momentum REVERSAL FROM STRONG...
TECHNICAL INDICATORS - SYMMETRICAL TRIANGLE BREAKDOWN - UPL had formed a very strong symmetrical triangle (with almost 8 CONTACT POINTS) recently and broke it down recently indicating a strong downmove to come in near future REVERSAL FROM 50D & 100D SMA - On daily timeframe, it had recently reversed from these two sma simultaneously again...
TECHNICAL INDICATORS : ASCENDING TRIANGLE BREAKOUT - The stock has broken out of the this pattern on weekly chart REVERSAL FROM 50D, 100D, 200D SMA - The stock has also reversed from all the 3 sma simultaneously indicating very strong upside pressure building up REVERSAL FROM STRONG SUPPORT-RESISTANCE ZONE - On top of that the stock has also...
TECHNICAL ANALYSIS : ASCENDING TRIANGLE BREAKOUT - Price has broken out of the pattern 2-3 weeks back on weekly chart 50D & 100D SMA REVERSAL - Price has also taken support on 50D & 100D SMA simultaneously a few months back and have reversed from those levels since then VOLUME SPIKE - Price has shown volume spike on the previous week (10th...
The rally in GDX (daily chart) sees the price eyeballing the 200 day moving average and a decision point about whether to break the corrective downtrend from May's double top. There are downside gaps from November, 2022 and October, 2023. But these do not need to fill any time soon. Watch the SMA 200.
My short idea is based off of 3 things 1. My 4sma strategy 2. 40+% move in 24 hour period being generally unsustainable 3. Volume on multiple time frames is exhausted, especially the 4h large green volume spike, shows potential for reversal. Targets based on my 4sma strategy are indicated by horizontal lines.
As you may already know, SOL has been displaying impressive performance, surpassing its Simple Moving Average 200 – a crucial technical indicator for traders. Currently trading above this key level and with a resistance target set at $47, it's time to seize the moment and consider going long on Solana. Solana has been making waves in the crypto space, thanks to...
Based on macd and SMA ready to cross 3600 soon. Simple moving average is ready to cross 3600 supportedby MACD also
Typical pattern, longer trend broken, NFLX dropped 80% from its peak and now full retest to the trend. (M)MA50 is important MA, so far market retested broken trend and dropped below (M)MA50 which is 412$. Looks like "dead-cat" bounce.
Realty Sector outperforming the benchmark index OBEROI REALTY forming new all time highs Supertrend positive and it broke Pivot R1 and previous swing high around 1200 level. It also tried to break Pivot R2 level as well but could not manage to do it. I am expecting the stock to give some retracement near 1200 level before the bullish journey resumes again