$GMBL met resistance at its previous resistance level at near the $12 level, a break above $12.15 would bring its next target to near $14.50. Watching closely, needs further volume and momentum
With BB now reaching a new high since the previous January squeeze, the level reached was approximately near the $20 Level, or the 61% Retracement level. It is now currently using the 50% retracement level of $17 as support for a potential next leg up. If parabolic movement continues in the "meme stocks" , you can look for your next targets of resistance levels...
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 4.2800 EUR
The chart is relatively self explanatory. AMC has been moving according to its retracement zone levels, we see resistance where there technically should be resistance, and we see support at key levels of the retracement pattern. Considering this is not your typical volatility and case scenario, the price movements are going to be nothing short of parabolic with...
L @ 5.15-5.20 Candles are telling that pressure of buyers is strong. 1W candle is on the trigger price 5.16 and i think it is able to get 6.40 in fast move.
-One stock to keep an eye on is Nokia (NOK). NOK is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 17 right now. For comparison, its industry sports an average P/E of 19. Over the past 52 weeks, NOK's Forward P/E has been as high as 29.52 and as low as 10.50, with a median of 16.41. -Value...
NOKUSD was in a multi-year uptrend before COVID disrupted things. We have now regressed far below where we were previously, and there is reason to think that a turnaround may be in store. At minimum, we are likely to catch a small bounce here. 1. Bullish divergence on volume-based indicators. With each of these three tests of 8.20, the OBV and Chaikin Money...
I'm checking the situation on GBPNOK for few weeks and things are finally happening. I see a nice opportunity from weekly and monthly timeframes to end that descending triangle and break out from it back to the bullmarket, lower timeframes just confirms that! I'll wait for singnal to buy in that green reaction zone and specially on level 11.5621 which got the...
Hi All, Looking at this pair we have an impulse wave 2 up from the descending impulse and also we are inside a downtrend diagonal which signals a trend reversal from bearish to bullish. This is not a short term trade, so you will have to be patient and stick to the sl marked, once price move 50pips into our direction you can move SL to entry or above. Entry...
Idea for Nokia: - LLR Elliot Wave determined for a speculated bullish rally. - Double Bottom/Wyckoff Spring setup. - ADX and trend showing strength, almost enough to confirm non-noise relevance: GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions...
Hello I hope you are well This analysis is done on a daily basis and has long-term goals. As you can see, Sharp has a rising price, but in the face of a gradual and slow decline. It is a downward trend. Finding a suitable point seems to allow us to make a good profit from the market. If buyers can break the trend line and the price of 8.38722 with strength, you...
It will most likely bottom out mid summer at 7.7 NOK and reverse to the upside. I don't realistically see more downside than that. So, if you live in Norway it should be cheapest to buy gold mid summer. When crypto starts to bleed we will have more capital going into gold. Gold is kinda boring to buy because of the slow moves it makes but I think that is why it...
NOK closes at around 4.20 that magical number, ive been accumulating NOK stocks for a while now in a hope for a crazy break from this decade long down trend We are currently trading inside the golden pocket on a monthly time frame .66 .618
Short NOKJPY @ 13.02; TP @ 12.76, SL your choice
Nokia does not have other ratios of the butterfly pattern but 2.24 is for this pattern only. 5-A=2.24 4-5 so target of the 5th wave could be: C-5=2.24 B-C=$50 *shark reversal scenario*
Nokia's fair value is 4.6$ and a positive divergence is created as wave C falls below previous wave 1. The microwave 5 is starting on new wave 1.
Goldman Sachs discussed the importance of divergence in a recent note to clients, arguing it will be a key driver of FX for the remainder of the year. Goldman Sachs explains: We think this divergence will be an important factor for G10 FX this year. It will help inform currencies respond to a faster or slower recovery than expected, and contribute to a...