Here we have a stock that exploded so hard in volume that it stood out among all others. Come to find out from further research they're going bankrupt. As they're attempting to sell stock, chairman Powell stops the trading on Hertz and on the same day he announced a shift that the fed is doing. They're switching from buying ETF's to buying corporate bonds/...
Nordstrom's been hit really hard - and rightfully so. It's a department store in the era of specialized stores. As a sector, department stores are commodity brands with minimal appeal. That said, out of all the department stores, there's really only one store that has made a brand for itself - Nordstrom. Of all the stores out there, I believe it has the least...
If there is an approval of a stimulus package next week, we could see the price break above 11,214. In addition to this we would have the confirmation of a "double bottom" pattern or in W. With this, it breaks the downtrend that had occurred last week ...//Si existiese la proxima semana una aprobacion de un paquete de estimulos, podriamos ver la ruptura del precio...
While the rest of the market tanks, look no further than the recovery plays provided by the financial sector and the consumer sector. Here we see $CAG satying on track to maintain this channel it's been trading in. CCI now reaching the oversold area, RSI to follow. Like this one to bounce and continue the upwards movement for a solid brands.
120 is the number and this is haidojo trading. downtrend is confirmed...short on rebound...fkli-aug hit the support 1560, slided a bit lower to 1547, then a rebound...the market is still bias to the downside...so short on rebound is a higher probability trade...
resistance : 1585- 1605 (the red colored rectangle)
support : 1547-1560
lower support :...
The weakening of the dollar against major currencies came as a reason for the pair's decline towards 0.92400. This is a strong resistance level, wich was established in 2018. The correction towards 0.93670 is likely. There is a chance that the dollar will begin to recover soon, and that would be the reason for USD/CHF to turn in the direction of the resistance...
Here my idea is to wait JPY/NZD to touch the support line and then go long until our defined target. Always remember to wait for a confirmation candle before placing the trade! Furthermore, the RSI is almost oversold!
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
Ready to move down.
I want to make a reflection, we are in front of the worst crisis after 1929. And if you see the american Markets we are almost at the highs. What's wrong with the investors?
Here are the clues that tell us that the rebound has ended:
1)Well as you can see, the correction has consumed 5 waves.
2) Price has left the bullish channel.
here is my eurjpy analysis.
this pair is on a very important level and we can play the rebound from 115.5 to get the 117.200 first.
be careful because we have been sellers on this pair for several weeks. If he comes to get the 115,400 ,then we can start a new sale.
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Remembered this chart from my older idea? No much changes from the technical point of view but things do change around beyond technical and I just want to tell my good folks that I am a guy who go with the follow. Kinda like trend following trader you can take but I don't mean the overall reversal of trend on this major pair but just the personality I got during...
Lately, some news about China to start buying oil for state reserves sparked some volatility in loonie too. I guess the oil future will be going fine in coming further weeks so that might help this pair to rebound at some level. Stochastic pointing out the momentum in favour of bullish so far.
It's floating around the dynamic support (SMA 200) which can prolly hold price falling from further lower if overall market index showing positive sentiment. Stochastic supporting the bullish momentum. Knowing that China is open for business more than two months after imposing quarantines to counter the coronavirus, China is getting back to work. With new...
Higher timeframe charts show the momentum supporting for the uptrend and overall market seems for now bullish. Stock markets doing well around globally at the starting day of the week. This might be something to do with cheaper fiat currencies around the globe making it easier to spend cash on buying stocks.
level since December 10
confirmed on January 17
The breakdown was on February 7
You should expect a reaction from the level.
The bounce potential is at least 1/3.
Friends, thanks for your likes and comments!
Good luck with trading!
This was the day America took the lead in total COVID cases. This is the day that America was the least American considering today's record-breaking unemployment numbers. Yet, on the stock market, the day was overbought. More overbought throughout the beginning of COVID
Be well, see you soon!