What I was afraid might end up happening. On the larger trend. $Shping looking like it’s playing out a bullish flag on the larger TFs. This will take some time to play out. I will continue to add to my position. Breakout targets are as outline!!
Intel is gaining its share back in chip manufacturing. It is getting orders from various countries Technical points: Volume is increasing month on month basis Bouncing back after hitting bottom and consolidating there for a while. Big bullish candles on monthly chart 50% price correction is done along with PE RSI is above 60 which is again bullish...
Dicks Sporting Goods has been rallying since November, and now it may be breaking out. The first pattern on today’s chart is $149.73, the previous daily closing high from March 8, 2023. The retailer stalled around this level in August and December. However, it broke above the price zone in mid-January and made a new low there last week. Has old resistance become...
On the above 4-day chart price action has corrected 70% since the year began. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. All but one oscillator continues to print positive divergence with price action. 3) Look left. Price action confirms support on past resistance. 4) Bull...
On this 15-minute chart I have installed an indicator twice- to compare the relative strength of several symbols /stocks in its customization. One is set up for a 15-minute time going back 4 trading days while the other on the right 5 minutes with a lookback of only 30 minutes ( fully customizable). See comments in text boxes on the chart. I believe that...
Electronics manufacturing company Jabil has trended higher for the last three years. Now, after a period of consolidation, some traders may expect further upside. The first pattern on today’s chart is the trendline along the highs of December and January. Prices moved above this resistance last week and have remained there since. They also held the January 30...
AMEX:SPY February 6, 2024 I will consider the rise 482.89 to 496.06 490.23 to 494.18 And the fall from 496.06 to 490.23 Holding 492 uptrend is intact. 489-492 is a very good support level. I expect a one-sided move tomorrow if 491 is held today. 100 and 200 averages are around 490 levels in 15 minutes. So that level should provide strong support for the...
Short-term bearish movement is about to start. There is a bearish divergence between price and RSI.
📊 Script: CENTRUM 📊 Sector: Finance 📊 Industry: Finance & Investments Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages giving crossover. 📈 Volume is increasing along with price which indicates volume breakout. 📈 Right now RSI is around 68. 📈 One can go for Positional...
📊 Script: Hathway 📊 Sector: Telecomm-Service 📊 Industry: Telecommunications - Service Provider Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages crossover soon. 📈 Volume is increasing along with price which indicates volume breakout 📈 Right now RSI is around 70.. 📈 One...
as you can see the price has completed 3 drive pattern also RSI divergence confirmed the bearish movement please follow and support for more
Hello everyone. All the numbers on the chart : the Entry , Take profit areas and Stop loss are specified. It seems that the price indicated by the star symbol will be touched before the price indicated by the no entry sign. Now Entry
I've used 3 indicators, namely, MACD, RSI & BB width to show the idea of momentum building up in the background. If VIX spikes that's definitely not a good thing for the markets. Volatility is a mean reverting animal so its just simple statistics that a big spike is coming. TIMEFRAME: If vix starts to pop this week, the rally could end 3-4 weeks from now.
I had two trading signal trigger for MGM last week that could set the stage for some good up and down trading. My MACD overtraded signal fired on the daily chart on January 31, 2023 indicating the stock should move down over the next 10 trading days. This signal is accurate 94.297% of the 264 studied occurrences. There is a delay to the downside action that occurs...
As shown on the 4H chart, UNH based on a long-term VWAP band setup, it as fiar value for the first time since September. This dip is significant as price fell from a head and shoulders pattern of three months duration. The candles in the past couple of days show the reversal at the mean VWAP support. I have retrieved 60% out of a near term expiration call...
We received two signals for Verizon stock based on the closing price on February 2, 2024 indicating the stock will likely drop over the next 6-20 days. My SAG Gauge Conservative algorithm bearish signal has occurred 211 times. A bearish signal has successfully seen the stock drop below the signal closing price over the next 10 trading days 95.7% of the time. The...
Observation Summary: Multiple bullish signals as compared to bearish hence we have a good oppertunity to either stay long or enter the trade for a target of 455. Instant entry is possible at 411 or put buy stop at 417. Anticipation: ~ Strong bullish trend continuation as there are not bearish divergences on RSI or Volumes on 1D. ~ The recent earning report was...
Triple split screen analysis. LEFT SCREEN: FGEN broke support at $16.30 (white) and $9.20 (yellow) levels. Currently it's at 47 cents and in what I refer to as, "no man's land." It's "no man's land" because there's no support below it to keep price from falling further. Could price reverse? Sure it could. If price does reverse, it would retest 95 cent first...