AMD -7.03% has formed a sharp downward triangle on the 1h chart (looks like the beginning of a Gartley). Lots of sell strength, only people buying are the ones who missed the pump and think they are buying the dip - BIG MISTAKE. Proof? Check out the Accumulation/Distribution , and you will find the beginning of a new peak, a new era if you will... AMD -7.03%...
Expecting a short today and tomorrow. Probably moving along the wedge.Target $155/$156 by EOW.
Possible BAT pattern formation at a strong supply zone. Though the sector is strong this trade looks promising as the Risk Reward is favourable to take a bet. FOR EDUCATIONAL PURPOSES.
Watch for the wedge. Follow the line and see the price hit the target.
Apple is overbought with three gaps up on daily and it is time for profit taking. Expect a reversal on the 30th. *This information is to be used for educational purposes only.*
Hello all, Explained about support and resistance in the chart. Buy put or sell in futures if those support breakout.
Looking at the moving average on the daily charts, you can see that the stock is starting to trend down. MACD, StochasticRSI, and the Directional Movement indicators all agree with the movement down. The weekly chart is also showing a movement down still and has hit a ceiling on the middle bollinger band. Good opportunity to watch and get in if the stock shows a...
BAC (and the rest of the banking industry) has a rough few months ahead. The major institution has seen solid gains over the past year and is about to relinquish them all. The major indication this downtrend is about to pick up steam is seen as the 50 day moving average is ready to cross below the 200 day moving average, a major bearish sign known as the death...
I did this analysis really elucidate what an "extended ceiling" looks like. The annotations are pretty straight forward AND if you look well enough you'll see an upside-down cup and handle forming and if you squint just right you'll see a head and shoulders forming. I would've shown it on the diagram but the drawing would've become too busy to make sense. Notice...
Short-term call? After a quick drop and sharp earnings reversal, Citigroup seems to be ready to break out of the "Head and Shoulders" pattern it has been setting for a year. In the past two years especially, the second half of the year has typically been a boon to the Financial Sector. Due to the lack of resistance, if Citigroup does resume it's trend, it's clear...
Hello all, First I would like to say sorry for late update for nifty Trade setup for yesterday. Guys, We had made the damn good profit. It was almost breakout their strongest support when hit 10558 but closed 10589 later of the day. Today we need to wait for first 30 minutes. If nifty closed 10550 then we will go with sell and our target is 10515/10436 but if...
Hey all, Hope you guys have made good money from my yesterday Nifty trade call. It was like a falling knife when broked the support. yesterday Channel was invalid because channel support has been already broked. It's making a new channel and sitting on their support. I am going to take a put if breakout or go with call if retrace above. Good luck
Hey all, There is no major move in Nifty 50 today. It's still sitting on their channel support. I am still confident for this support which has not broken from weeks. My trade setup based on it. If nifty breakout it then I will go with put if retrace above then I will go with the call. It's same as yesterday Beware Tomorrow market will be violated because of...
Hello Everyone, Hope you all doing good and making good profit. Our today target has been also achieved and I also make good ROI from my Investments. Currently Nifty has reached again on their support which is on 10760. Remember Nifty is testing this support third time and there is a lot of chances to breakout this support tomorrow because of expiry. so Be aware...
Hello all , Bank Nifty is so slow yesterday and did not make any major move, maybe it's happened because of the June Closing. There is 2 major point of bank Bank Nifty and it was traded btw in these 2 points for a couple of weeks. 26136 is a major support and 26762 is resistance. Bank Nifty was trading btw in this channel but I had seen a bearish divergence in 2...
Looks like the SPY put/call ratio is bottomed out for the short term, and it's likely we could short for a mean reversion.