NASDAQ:AAPL consolidating tightly. Awaiting the next breakout to around $195 supply area.
Potentially looking at new highs after that.
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
Greetings Esteemed Investors,
I've received numerous inquiries regarding my gold (XAU) long position. Some of you have even suggested that I might be mistaken and consider XAU to be bearish. While I cannot assess your individual trades, I can provide a more detailed explanation of my rationale.
Comparing Indicators
Top Chart: Supertrend
This chart...
- Restest of 1st Trendline
- 0.5 retracement of the first wave
- Strong Momentum
- Enter Between 1500-1520, SL- 1420, T1- 1670, T2- 1820
- Major Resistance - Related to the event, Breakdown from base & Gap Down
The stock is coming out of the Supply Shadow of the "BC" bar. The Relative strength is turning positive. Buying Pressure and Money flow are already positive. Another upbar closing above the shadow preferably above today's High will ensure that the stock will move much higher.
Also on the weekly as well the stock is moving above the supply shadow of a BC bar....
Primary Chart: IWM / Russell 2000 Weekly Timeframe
The Russell 2000 (IWM) is often a leading indicator in US markets. It led to the downside in early November 2021 after a false breakout out of its 2021 topping-pattern's resistance around $234. SPX topped nearly two months later on January 4, 2022. While small-caps are not necessarily always the first to make a...
In the dynamic world of cryptocurrencies, every project charts its unique course. However, sometimes, two projects exhibit strikingly similar patterns. Such is the case with OP and TON, where their charts mirror each other within a large ascending triangle. Yet, beneath this surface similarity, the level of volatility introduces a fascinating twist.
Chart...
CRWD - Ready to bounce?
Despite the steep decline in the general market that started in mid July, CRWD was actually trending higher, showing good relative strength. In fact,it is still trading above its 50 day MA while both SPX and NQ is now well below this MA.
There are a few signs that CRWD could be ready to bounce from it's recent correction that started on...
United Bankshares Inc (NASDAQ:UBSI) released its Q3 2023 earnings report on October 25, 2023. The company reported earnings of $96.2 million, or $0.71 per diluted share, compared to earnings of $92.5 million, or $0.68 per diluted share, for Q2 2023. Despite the challenging environment, UBSI demonstrated resilient performance with accelerated growth and...
In parts one and two (linked) we discussed the construction and use of relative strength ratios (RS) in trading and analysis, common errors, and best practice. In part three we look at the consumer discretionary to consumer staples ratio and attempt to draw trading and economic insight from that analysis.
Any method used to analyze a single security price chart...
Nifty FMCG/Nifty Relative Strength chart is exhibiting bullish push at the 200DMA. The price action on the relative strength chart looks bullish and we can expect bullish push from here toward the resistance zones marked.
Understanding Wyckoff Patterns: A Brief Overview
Richard D. Wyckoff's trading methodologies have stood the test of time.
These patterns are characterized by phases of accumulation, manipulation, and distribution.
Ethereum's 4H Chart: A Wyckoff Tale
On Ethereum's 4H chart, we see signs of accumulation, where smart money starts buying.
The next phase could be...
In the last 6 months AMEX:XLC is the leading sector in the $SPX.
And with the recent sell of in the energy sector AMEX:XLE , communications is the only sector without lower lows.
There are various stocks that confirm this strength in AMEX:XLC , some are NASDAQ:MATH , NASDAQ:ATVI , NASDAQ:META , NASDAQ:CHTR and many others.
Let's wait and see.
Keep an eye on this one as it's showing a lot of Relative Strength and Accumulation.
It recently broke into its stage 2 up trend and it's resisting the general market moves and showing signs of institutional demand.
Given the current market conditions, this may continue to range between 17.5 to 18.5.
We might see a flush of late buyers and might see a dip to...
World markets bottomed on Spetember 2022 and during the recovery, European stocks AMEX:FEZ outperformed US stocks TVC:DJI for 9 months
Nos, for the last 3 months, US stocks are back in the leadership as the DJI/FEZ ratio broke its downtrend back in April; just weeks before the AMEX:FEZ broke its trendline
That is why relative strength is so important,...
Fundamentals
And it is not just the base, the fundamentals are also robust. NYSE:MUSA has immense amount of sales and even with the price rise we have seen, the P/S ratio is still staggeringly low at 0.4. The P/E ratio is also low at 13.
The reason behind the stellar share price performance is mainly the consistent growth in sales, regardless of...
The stock after a reversal is on recovery mode. Now making a Higher High and Higher Lows on Weekly and now on Daily as well. Relative Strength, Absolute Strength and Money flow all positive. The Stock looks strong to move up further and likely to test 576 levels.
After multiple Rejection at 590-627 levels the stock is again attempting to take out this Rejection Zone. The Relative strength and Money Flow are positive. A good close above 627 levels with volume support will put the stock back in up Trend mode.
