Even with a lot of people (including me) not that happy with NIO because it was too overbought, technical analysis never fails! NIO did break the 42.34, the consolidation we talked about in my last analysis, and it hit the technical target. When you see a breakout, especially if the stock opens below the resistance, and closes above it, you just replicate the...
Ok traders, nothing changed too much since our last analysis, but we do have something new. In the 30min we have an advanced breakdown on Nasdaq100, but the price didn't confirm anything yet. The points are the same: the 13614 and 13734. We must see the index breaking one of these two points. Now, if it confirms the advanced breakdown, by breaking the 13614, the...
MYRG signaled a SELL upon closing the first bar on the 3 hour chart on February 25, 2021. SELL was signaled on five of our algorithms which has never occurred before. In fact the SAG and MTF have never signaled SELL at the same time for this equity on the 3 hour chart either. I have drawn the potential movement lines. As I mention, the signal can be premature and...