NSE:HINDPETRO is yet to break its own long term trendline. But, its Relative Strength Charts have given an early breakout, potentially for a long term upside. This too in an environment when other PSE and Commodity Stocks are outperforming the index. We have already added long this week in this counter.
SQ has shown strong support at the $241.89 and $236.01 levels (Support/resistance- Pink lines) and has held its upwards trend. Looks to be consolidating at the moment and has been hovering in the RSI oversold range- if SQ can break and hold above its first resistance level at $256.76 will be looking for a breakout. PT1- $264 PT2- $75+
NASDAQ:NIU has good footprint forming a VCP in the last 13 weeks while above the 200 day moving average. Is not the best type because I like to see this with price also above the 20 and 50 day moving average, but still is worth to look at. Is very possible that a good rally is on the way. Also, the stock has a 92 rating for the IBD Relative Strength; one of the...
Here is a simple chart showing how both BTC and BCH are consolidating after a large move down. While experience tells us that one move down is usually followed by another, we should not expect it. BTC is currently more bearish on the daily and 4-hr charts. While BCH is in an uptrend its price more than doubled in April. Price could pullback more, but the...
I've been tracking this one for about two weeks and today it looks like is going for the breakout. It may not occur today but I think it will happen soon enough. That could be my entry point, depending on the buying volume. I like this stock because is coming from a good uptrend, it held really well during the market correction, and the past 3 quarters had better...
RCL is looking strong as travel and reopening trades are back in play here. We're looking for a break out of this resistance, which we already saw last week. A green candle close above this level would indicate a move back up to the highs - PT 95.5, resistance at 92 a d gap fill from 93-94, ultimately targetting low 100s before May. SL set below 87.8, a key...
The Market is pulling back and might be trying to put in a bottom, this week I expect the market to by choppy. This is the Relative Strength Edition of Stocks to Watch. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all...
* stock making h.l pattern on weekly * relative strength at new highs * on daily close to 50 dma so not very extended * volume drop
NQ just completed a head and shoulders. That can mean anything, but it sure makes things interesting. RTY has clearly taken the lead in relative strength since the markets bottomed in march. More money is going to a larger group of stocks in RTY, and it looks like the tech bubble is paying for it. Tech bubble:
Last week while the market is correcting, majority of the stocks have been hit badly. Yet, PINS, SNAP and TWTR have outperformed the market. Is the current price structure suitable to buy with potential to continue outperform the market? In this video you will find out why these 3 stocks NYSE:PINS , NYSE:SNAP , NYSE:TWTR outperformed the market and the low...
Solar play based on sector rotation & technicals Low volume Pullbacks SMI and RSI looks relatively oversold Forming a pennant on daily, holding 20EMA - HOLY GRAIL SETUP Look for confirmation above 19.8 break PT1 22.5 PT2 23.8 PT3 29.4 SL Below 20EMA
The price has three times reversed from MA20 (orange) after cross above MA50 (blue), it had formed a pin bar at MA20. Energy sector and high IBD's Relative Strength rating = 99 and industrial group rank = 1/197 ===================================================================================================================== I will be popular investor in...
The indicator always loses because it uses the high-low-open-close price of the past, so it is usually slower because it is unpredictable. Future nature is unpredictable. So how to win in the market? determine when the price is close to the real value. and when is speculative price? profit is equal to the difference between the real value and the speculative price.
0.41 key resistance for ADA (1st touch rejection) 30+ month base cup. Needs time to consolidate after the big move recently. High relative strength of Cardano compared to other crypto blue chips. Ideally would like to see ADA consolidating between 0.30 and 0.4 for a while before a big move March 2021 is the expected Goguen release date "When the smart...
After the recovery from the Covid lows, the JSE has been underperforming the S&P500. However, since the start of the year, the JSE has been outperforming it. However, the low holiday volume should be taken into account. However, the start of the year could indicate where the JSE is at.