- NDX is in a rising trend channel in the medium long term. - The index has given a positive signal from the double bottom formation by a break up through the resistance at 12042. - Further rise to 13396 or more is signaled. - The index is between support at points 13000 and resistance at points 13700. - A definitive break through of one of these levels predicts...
Based on simple TA indicators on Monthly Chart note : Monthly Chart can be seen as long term view, but may not as long as 5~10 years ba long long term 1. price chart 2. 20 month SMA, quite a long-term Moving Average to break or reverse 3. RSI, like price chart, using previous High/Low as resist/support and trendline to determine breakout/breakdown 4. Volume...
- XLP is within an approximate horizontal trend channel in the medium long term. - A break upwards will be a positive signal, while a break downwards will be a negative signal. - The price has broken the resistance at 77.23 of an an inverse head and shoulders formation. - Decisive breaks of such formations are considered strong signals of further rise. - The stock...
1D chart. Posting for future reference. (bored, cant write extensive explanation on :long: decision)
- XLK shows strong development within a rising trend channel in the medium long term. - The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. - XLK is testing resistance at 151. - This could give a negative reaction, but an upward breakthrough of 151 means a positive signal. - Volume tops and volume...
- QQQ has given a positive signal from the double bottom formation by a break up through the resistance at 294. - Further rise to 327 or more is signaled. - The stock is between support at 318 and resistance at 334. - A definitive break through of one of these levels predicts the new direction. - Volume has previously been low at price tops and high at price...
NVAX is fundamentally weak with a shallow pipeline and no products currenly marketed to fund earnings and so research. On the 15 minute chart , NVAX is seen near to its demand zone as shown by the Luxalgo indicator. In the meanwhile, the RSI indicator shows considerable recent strength which is decreased today. So the question is whether NVAX can dead...
MULN is a nine-penny stock that is high volatile with a wide ATR. On the 15-minute chart, price is currently sitting above the support zone shown by the Luxalgo indicator. Upside to the resistance zone is nearly 40% which this stock can do in 1-2 days. Just in the past two days MULN formed a double top at 12 cents near to the VQAP + 2 then tended...
As it is known from the upper band of the channel we are in, the 200-week simple moving average and even a solid horizontal resistance area, we were rejected with the contribution of the deathcross realization and the negative discrepancy in the relative strength index and price correlation on the daily timeframe. The predicted decline and reaction rise areas do...
If we break the rising trend we are on in the weekly timeframe and close the candle below, the GOLDEN POCKET area that will welcome us is very clear. (Don't be afraid.)
People say that timing the market is difficult. But is it really? The monthly Bitcoin RSI seems to be following a very predictable pattern since its inception back in 2011. Actually, the pattern is so predictable that we can draw a perfect channel onto it. Bitcoin tops around the time that the monthly RSI hits the top resistance, and bottoms once it hits the...
Channel from the high and the low in a downward angle, currently we are in a uptrend. Ultimately I personally think if we hold vwap (purple line) we mayonnaise test the top of the channel. If we loose vwap things could get ugly. Majority of the technicals look good but any economic data or news that’s is bad could change everything in a matter of minutes. Play...
- V is in a rising trend channel in the medium long term. - The stock has broken up through resistance at 231. - The short term momentum of the stock is strongly positive, with RSI above 70. - However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. - The stock is overall assessed...
Trading on a RSI divergence as per the chart. Looking for a switch over or signs of reversal before coming out of trade before 4RR
A couple of week ago I made an analysis on Bitcoin and the fact that we can potentially follow an Elliot Waves pattern. For now, my idea seems to hold. With BTC breaking out this week, we're now in a huge resistance zone that goes back all the way to 2021 and 2022. Furthermore, the weekly RSI is approaching overbought territory quickly. We can easily move up...
- FTNT has broken through the ceiling of a falling trend channel in the medium long term. - The stock has met the objective at 57 after a break of the double bottom formation. - The price has now fallen, but the formation indicates further rise. - The stock has support at 63 and resistance at 71. - The RSI curve shows a rising trend, which could be an early signal...
This is a study on the TDI and RCI indicators which are some that not many use. Perfect and clear examples in the chart, can't get any simpler.
SXP has been one of the major winners of the last few weeks, where it gained well over 270% in a very short amount of time. However, it appears that SXP has topped for now. I'm waiting for the first hourly oversold reading to occur before scouting an entry. Ideally, we will get in the yellow area of resistance before reversing. Targets in blue.