Ongoing sideways range is evident since 2021. This is perfect for mean reversion traders who buy high and sell low within the range. The previous trend was up, so we can anticipate the price will bounce up from here and break above eventually. The American markets are also aiming up, so bullish bias is starting to lurk.
Our Nasdaq trade hit the first target... The price is remaining in the downtrend, but the RSI is breaking above the downtrend and is showing possible upward momentum. It's too soon to decide the next entry point, but we remain with a bearish bias as long as price remains below the downtrend line.
W Formation formed on Goldman Sachs RSI broken above downtrend >50 Target at $341.51 and Fib retrace 78.6% Bullish
Inv H&S in the making Price should come down first to test the level of support (RS) then shoot up to $176.00. RSI also should drop a bit before breaking the downtrend. Concerns: Price is <200MA and the 21>7 - Bearish... Bias - Neutral with hopeful bullish setup later on
Cup & Handle formed on daily. Gap close is likely. RSI broken above 50 and out of the downtrend (Bullish momentum) Target $338.39 Concerns: Moving averages are still down 200 > Price. Overall downtrend still evident Bias- bullish
Broadening Diamond Formation on Occidental Bias upside: MA's Bullish and price keeps bouncing up on 200MA - then going to new highs. RSI up and making higher lows Target $91.90
Simple analysis... INV C&H where the price is under 200MA (major test) RSI <50 and making lower highs - Bearish Target $139.82
Inv C and H Major downside Current down channel Target $101.55
I think we're going to see a dip to mid $20's sometime in November before we see any movement upwards. Long term it looks like it wants to settle between $37-$40 range for a fair price. That's plotting the chart from 1987 till now. Using also a fib from 2020 to present day. They are also going to report a -$20 million dollar loss on their earnings report this...
Final low is in DEC at 8909/9223 I am working on the spirals still from past I will have that within this week . The chart posted is that of the NYSE I use this over all to give me a much clearer view as it is ALL the data . in 1987 panic the market dropped to a near perfect .382 from peak to low oct 1932 . and then again in 2009 the drop from 2000...
Well honestly, seeing that Nike's chart only exciting moment was during the bull run of Covid-19, I can only make the assumption that maybe that was the peak of Nike's capitulation. Nike seemingly isn't the global sports fashion it used to be as sports are becoming the 2nd preference for entertainment nowadays. Let's be honest, you're excited about the game...
The idea here is about PBF Energy Inc: PBF Energy, Inc. engages in the operation of a petroleum refiner and supplies unbranded transportation fuels, heating oil; petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the following segments: Refining and Logistics. The Refining segment refines crude oil and...
Many people are wondering when the bottom will be in. Twitter pundits offer various reasons for a short-term rally. While those reasons may be logical and tradeable under normal circumstances, the market has yet to give us any confidence that a near-term bottom is in. Interestingly (or alarmingly) SPX made a bullish reversal open today, only to form a bearish...
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TTM looks very positive for the long term.Calm and patient investors will win.
UBER has broken the trend line resistance and is moving up. Formation of CUP & Handle on daily supports the long case for Uber. Entry - 32.50 SL - 27.60 TP - 41 Disclaimer: Not a financial advise. Do your own due diligence.
I have indicated my expectation for wave 2 with red cuts, bearish triangle indicates wave 4, it is not necessary to make a symmetrical triangle, I showed it as a possibility. I created correction 2 assuming that there will be no recovery in the world economy next year. not a recommendation.
NYSE:ABBV rsi in the oversold territory, which is starting to reverse to the bull side, flipped bullish on a micro timescale, falling wedge, breaking out to the upside, first target 140.75, then possible retest before 146.26. we've been in this long term downtrend channel since April 2022, I expect to break out of it, once we test 150.36 flip it as support then...