A middle eastern media company that’s gaining fame and adaptation among users in Asia and Africa YOY revenue are always up, recent stock buy back, RSI oversold for almost 10 Days now, 4Hr, and daily MACD are about to cross and start a bullish trend I see it trading well over 40 in the coming months if they continue to deliver good earnings
SPY: Long for the next 3 weeks After some charting fun I made a few observations ~During the past dividends, there has been a big pullback which coincided with the previous 5% drop and this 6% drop. This could be a bearish indicator for future SPY contracts to keep in mind. Dividends = puts ~The previous resistance became the long term support ever since April....
So far Southern Company has moved with the market. Historics say we may move down a little more before moving up by November. Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement...
Looks like an ascending triangle forming on GS after a long downtrend & some consolidation- - Closed yesterday sitting on the 100day EMA and looks like it will reclaim the 50-day as well - Buyer volume starting to pick up again, was in oversold territory for quite some time - MACD is seemingly about to cross, EMA's curling upwards on shorter timeframes (Not...
At least to test 200 DMA IMO. Expect technical bounce to rejection under lower channel TL from OverSold. Short the rally, due diligence; GLTA!
Entry price: 196,5-198$ Target 1: 212-215$ Target 2: 228-230$ RSI: approaches 20 level, the asset is oversold Keltner channel: the price is beyond the lower band Conclusions: RSI and Keltner Channel suggest that the trend reversal might occur. Moreover, the price approaches the strong resistance level, thus the long position is recommended in that zone. No...
Personally am bullish on SQ here- will be watching closely for a breakout - Sitting right on its 200day EMA - Nearing the oversold range on the 4-hour time frame - Falling wedge on the 1-hour timeframe and oversold on the RSI (See Chart Below) Should pop with buyer volume, (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an...
Weekly Chart: AUDNZD dropped 13 weeks in a row. RSI is lower than 30% oversold Ref: Daily Chart: In daily time frame forming falling wedge pattern and also created a massive divergence in RSI. Ref: 4 Hours Chart: Barely making a lower low in 4 hours time frame. If it drops more possible to open a long position in around 1.032. Ref: Please share your...
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 8, 2021 with a closing price of...
We have a Bullish Shak with lots of Bullish Divergence at the Oversold Zone.
EXPR 1 hour chart showing some fairly extreme oversold conditions. Many other timeframes indicators are also oversold. Expecting EXPR to hold/bounce off the lower fib in the next few trading days with decent volume support in this zone. Bear cycles shortening = Look out above. See chart. Not financial advice.
Fundamentally sound company in an uncertain political climate. I'm not going to draw a bunch of lines, because lets be honest this chart broke down in early July ish. This is an amazing long term buying opportunity created by a ton of FUD from recent announcements regarding a tech crackdown by the chinese government. I think the worst is now behind them. Alibabas...
Healthy pullbacks in companies like Visa are fairly hard to come by. Wave trend points toward oversold. 200sma nearby for support, but historically cant always hold up so I've adjusted my stop accordingly. This is a long term idea for me, maybe selling 40 percent at the target and letting the rest ride. Not financial advice
EURUSD has entered the supply zone, and we can also see signs of reversal if we look at the candlestick patterns around the area. The bullish momentum gained by the pair over the past week is coming to a halt, with the RSI approaching oversold level, indicating the pair's downward turn from this point onwards. We can see two major support levels below, and expect...
Today I watched a critical point for PINS, as to find out whether we were getting false signals. We ended up bouncing off of a Fibonacci support(56), which is a close above the swing low. Not only do I think this is a great time to buy but I believe we will achieve a price target of 70 as seen by the anchored VWAP. The last time we were given similar buy signals...
Big falling wedge on FSLY that it has been holding for quite some time now, however, is seemingly starting to break out of this formation- Bullish and will be looking for a breakout, just some FIB levels & RSI-based supply and demand zones to keep an eye on- - Closed Friday sitting right on its 20-day SMA (Not Pictured) - Bollinger Bands Squeezing - RSI has been...
UPWK is rebounding well at the support zone at crucial $40. Its slowly peaking above 50sma on 4 HR chart. It is also up over 4% on the day which is a good sign for the bulls. RSI and MACD are very oversold with showing a good reversal. The next resistances or TP are validating at two moving averages, 50 EMA (at $48) and 200 SMA($45).
The RSI is looking really exhausted right now and we're at support i will buy here and look for a parabolic move upwards.