You can see that selling on the upper red line has rewarded shorts in the past and I believe that this is a great short opportunity here - one of the best i have ever seen. We have got way over extended and fundamentally the price is just way too high for a this company, even with the 'shopping online' narrative that has been done to death. Overstock is the much...
For those prepared to go against the momentum, a retest of the medium-term uptrend levels seems probable; with reasonable risk:reward even at 1st target levels. Anticipate buying and sharp bounces.
Risk-off sensitive. Manage exposure accordingly.
it has left a large gap to be filled. It is expected to come down to that level.
Overbought on RSI too.
TARGET 1 : 885
TARGET 2 : 850
STOP LOSS : 950
**These are my personal observations. Please trade at your own risk.**
Tickeron A.I.dvisor analyzed 232 other stocks in the Real Estate Investment Trusts Industry over the last three months, and discovered that 209 of them (90%) exhibited an Uptrend while 23 of them (10%) exhibited a Downtrend.
Be on the watch for MFA's price dropping or consolidating in the future -- when this happens, think about selling the ticker or exploring...
Less than two months ago, I suggested it was okay to buy TECH ETF's (they'd reached an earlier target I'd published). One I highlighted, the XIT (Canadian) has climbed dramatically and now that it's largest holding, Shopify has a market cap bigger than the Royal Bank of Canada, I figure enough is enough. After all it would take a very long time indeed to earn...
SHORT GBP/NZD, ***IF there is a clear rejection around the current level, wich is on a key level. The market reached the 1,98000 key level (psychological level), wich should act as resistance, the market is also overbought (can be seen on the RSI) and the market is creating a divergence (pink line on the chart and on the RSI). IMPORTANT : I am only showing an...
It's true that bull markets can take you by surprise and be irrational for longer than you expect. But it's also true that parabolas don't last forever.
This rise to 11.4k was parabolic. Bitcoin got more overbought on the daily, by my own calculations, than at any time since April 2019. The last time it hit these levels before that was Oct 2017, and only for one...
SHORT EUR/USD, IF*** there is a clear rejection around the current level, wich is on a weekly key level. The market reached the 1,17500 weekly key level (psychological level), wich should act as resistance and we can also see on the RSI that the market is overbought. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
Good day, snipers. Here in EUR/NZD , I am looking for Swing Short since price is in a descending channel and also at a minor area of resistance . Price also seems to be on overbought levels on RSI and a bearish divergence . Big SL but greater TP level at structure. Signal with Entry, adjusted SL and TP will be sent to students.
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Good day, snipers. In the AUD/CAD, we can see that price came to retest the strong resistance zone which was present in the higher time frames (weekly and monthly). Price is also on top of the trend channel and I expect a downward push. Also, price recently made a long wick on that resistance zone and is now at overbought levels on the RSI.
Follow me on...
Price has respected this resistance over the past few days. Rejection candle would help support my reason for shorting this setup. The indicator also shows level of overbought so we're expecting price to reverse from this level.
AUDRUB in Uptrend: Stochastic indicator is sitting in overbought zone for 1 day
Expect a price pull-back in the near future.
Current price 50.08 is above 48.46 the highest resistance line found by Tickeron A.I. Throughout the month of 06/17/20 - 07/18/20, the price experienced a +5% Uptrend. During the week of 07/12/20 - 07/18/20, the FOREX enjoyed a +2% Uptrend growth.