Fastly has been consolidating on the weekly chart since early November. We are now seeing the Slow Stochastic exit an oversold condition while turning positive for the first time on the weekly chart. I would like to see the RSI finally get back above 50 & hold but I placed a Note icon to point out how to potential bottom had a lot of volume behind it. The price is...
BREAKOUT AFTER BACK UP ACTION SUGGEST COMPLETION OF ACCUMULATION AND FURTHER ADVANCE Wyckoff Story Long-term price structure of higher highs and higher lows suggest accumulation Breakout in Phase D confirms accumulation Absorption bar #1 and #2 has supply followed by successful tests Absorption bar #2 has less supply than Absorption bar #1 and it happened at...
DRI had a gap up on an earnings announcement back on March 21st. The top of this gap became support while the stock price continued to rise. This rise in price created a bearish divergence with the RSI indicator. The earnings release in September led to a gap down. The price actually consolidated just below the March gap. Friday's trading has the price testing...
Decent acumulation in recent days.
Recent stron GAP, Relative Strengh at new high and strong EPS.
One of the questions I like to ask aspiring traders is this: are you bullish or bearish anything right now? It seems like a dumb question but it actually gives a wealth of information regarding the trader’s mindset and whether he is thinking multidimensionally or not. Compare these 2 replies: I’m currently bearish on USDJPY. I see strength in JPY across the...
This relative strength chart shows that at the end of 2018 early 2019 Bitcoin went from under-performing to outperforming Gold. If this ratio breaks 4.8, Bitcoin continues its out-performance, if it fails, back to Gold.
Compares a stock's relative strength against Malaysia market index (FBMKLCI)
The iShares MSCI China ETF has not only broken out of its downtrend in absolute terms, it is also showing relative strength vs. the All Country World Index.
After a distribution trading range (TR) Peregrine Holdings was marked down. A re-distribution range formed and there was some effort to push the stock higher but without response indicating continued supply. The demand has dried up and the stock is being pushed lower after a retest.
Dividend payers within the Utilities sector are outperforming the S&P after its fall from grace due to the PG&E bankruptcy.
With Apple being the largest cap weighted stock on both the S&P and Nasdaq indices its important that AAPL is showing relative strength. Unfortunantly, it is not.
A comparison of the weekly charts of Anglo Platinum, Impala, Northam with their relative strength (RS) to the Top 40 is presented. A 40 Week or 200 Day MA has been put on both the price chart and RS. Anglo Platinum has the strongest momentum and is breaking a longer-term trading range (TR). Lonmin is still very week. Impala has had some recent strength in a wide...
These graphs are the relative strength comparison of the Resource, Industrial and Financial Index with the Top 40. This indicates that momentum since the beginning of 2018 is continuing in 2019. The 200 Day MA (or 40 Week MA) of the relative strength sow an increasing trend in the Resources and Financial Indices, while the Industrial Index is sharply declining....
The JSE Top 40 has been ranging but finding some support at the breakout level of the previous trading range. Looking at the comparison of the three main sectors in the JSE since April we can evaluate recent relative strength. The Resources sector has been strong and even looking at resent lows on 12 September it has remained the strongest of the sectors....
KSHB (Kush Bottle, CA-USA HQ) is showing strong entry on Friday pushing towards a resistance area and great entry zone. Kush is the primary supplier with labeling and packaging approvals for cannabis industry. Up +6.65% on 8.24.18. after downward cup and handle Feb-June. Packaging sales should start to impact bottom line for Q4 stock with early orders. ...