After the bottom in May of 2022, the price gapped up and broke through its resistance in $550. Then formed a base to digest this move before continuing its trend up, this was my signal to buy as it broke out above $636. After that it didn't follow through and its RSI signaled weakness so I sold. I don't like to hold positions that aren't going anywhere even if...
META 65m: Intraday KLs 182.49, 184.14, 185.14, 188.13; <178.99 upside invalidated; Displaying relative strength// ATR: 5.97, Beta: 1.20., IV: 39.96%//Bias: Neutral-Risk On// Price at time of publish 181.22
Welcome to the coffee shop everybody this is your host and baristo eric. By this time everybody knows how to see and plot divergences on your chart. The one thing that I fail to see in a lot of people is to give you a winning solution or strategy on how to trade divergences after you've found them. The answer is in your algo and how the RSI moves against its...
the price retest in 0.63664 at 0.382 Fibonacci Retracement level. Expect a possible down trend to 0.63184 at 0 Fibonacci Retracement level.
1. RSI in bullish trajectory 2. Cross 200 EMA 3. Engulfing Candle 4. Price Above 24000 K
Life Time owns and operates a chain of “athletic country clubs.” They are basically high-end gyms offering everything from free weights and elliptical machines to steam saunas and smoothie bars. The company went public in late 2021, right before the bear market began. But the stock is now soaring… I have circled the signs of accumulation in the volume...
Sector Leader : NSE:CNXIT Relative strength compared to Nifty 50 - NIFT IT clear outperformer since Jan 2023. Remember Nifty 50 is on downtrend while IT is on uptrend. Now look for stocks which have better chart pattern than NIFTY IT. Some examples. These are going to perform better once NIFTY 50 turn positive 1) NSE:PERSISTENT 2) NSE:KPITTECH 3)...
BTC/USD 1 day chart quick update. Here is a closer look at this 1 day chart. BTC is in an Ascending Channel Pattern. BTC is still in a Falling Wedge Pattern. BTC is still in a Descending Channel. BTC is still in a massive Ichimoku Y Wave Pattern. At the moment of typing this, BTC is fighting to stay back above its 200MA. If BTC CLOSES this or tomorrows daily...
NASDAQ:IBKR may be one of the leaders of this sector. Back in February of 2022, the relative strength ration with AMEX:XLF showed a bullish divergence against the stock's price; soon after, the stock bottomed and since has rallied +50%. The $80 level is key and the price has formed a shark pattern near it. As the stock is in an uptrend, I'll wait for the...
MCX SCRIPT: Mcx is breaking out of an important level Stock in continuation bullish pattern CMP Range 1635-1640 SL below 1590 Possible target 1950+ Time frame =2-4 months - Trade Active
DESCRIPTION: In the chart above I have included a MACRO analysis & side by side comparison of EURUSD & DXY. POINTS: 1. DEVIATION of 0.075, found with HIGHEST HIGH & LOWEST LOW & then dividing by 2 to find a MEDIAN & so on for remaining points in between. 2. EURUSD price action is in a current downtrend getting ready to test 1ST TARGET. 3. NOTICE how TARGETS for...
Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 I'll be exploring a few scenarios for a potential Bitcoin bottom. In today's analysis, I make a use of Technical...
Since late 2021 NASDAQ:MEDP is being forming a head & shoulders base with pivot buy above $230. This is the beahvior of a potential leader. It shows when comparing it against the AMEX:IWO as is still in a downtrend. The play for me would be to buy 1/2 or 1/3 of a position just above yesterday's high with a STOP-LOSS below $196. And then add at the $230...
Gm Today we opened DAX,with a gap which has been closed few hours later, and now we’re looking at price action near psychological level - 14 000. Bullish: (Higher low and support at point of control? ~13885?) In this moment I’m checking if price action forming triangle pattern and if it could break out and boost price from current level to ~14160 and even ~14220...
JNJ fundamentally is a cross between Big Pharm and Consumer Staples Recent Earnings were solid not spectacular but the latter is not expected here. Technically, JNJ climbs higher without much volatility, At the moment it is rising in a small cycle within the supertrend. Strength is increasing and some bearish momentum is exhausting. This is a low-beta stock...
Sitting near all-time highs, WFRD is one of the strongest looking setups in the market. Enormous EPS growth estimates for next year, coiling up tightly post-earnings, showing massive relative strength. A breakout on volume for this name would be one of the very few breakouts that I would trust in the current market. Energy stocks seem to have the ability to be...
Watching for a breakout on NASDAQ:PCVX Breakout Criteria: - ADR 5%+ - Significant expansion of volume on breakout day (Atleast 2x prior daily volume) - RS Line is trending up and in bullish territory (as currently) - Tighter the range the better (currently approx. 4%)
Had breakout on Friday. Noticeable volume on the shortened trading day. Don't mind buying around the Friday highs, prefer a small pullback maybe into the $11 area. Stops 2-3% below Friday's low. Market environment is still making me want to realize quick gains, raise stops quickly. Small cap ($500m), growth may be decelerating but still low valuation (6.8 f.p/e)