EURONEXT:STM
Might be a potential swing here. Currently trading at 4x its ATR and 4x its relative volume in the past 30min. Chart looks promising for bulls IMO. Support is the 200 MA on the daily so stop loss is TIGHT right now but the upside would be 52 if $46 is broken and held. I would look to NVDA and AMD though to see how the market is going to react to...
Quick note on this relative volume-per-range signal (in the vein of VSA / VPA / volume spread analysis / volume price analysis).
The basic concept is simple: volume per range tells you how many shares it takes to move an asset by $X. The higher this number, the harder it is for price to move, and the more likely it is that support/resistance or supply/demand...
KTOS is looking bullish. Volume was much higher than normal today, Long lower shadow on today's candle. A push to $27+ in 2-3 weeks is very likely. Playing $27.50 calls expiring 10/15.
Reasons to be bullish based on technicals as shown on the chart:
Bounce off of EMA 200 at the end of April
Strong accumulation trend shown on CMF 20
As of July 6, lingering in oversold territory on the RSI histogram
Relative volume on an uptrend
Reasons to be bullish based on fundamentals:
Crude oil’s recent resurgence
Recent insider buying...
As can be seen in the relative volume chart attached, a surge of volume came in around the 21st of June when ETH dipped down below $2,000 for a couple of days.
That strong support seems to have helped keep an extended bearish run at bay, and is perhaps sparking a bullish run past the established resistance between $2300 - $2400.
Sitting just under support here on SBUX wedge, looking for a move back into the trend or a breakout below.
Here are my levels for calls and puts:
Calls <114.24
Puts > 110.02
Relative Volume is @ 0.74 right now, we are looking for Rel Vol over 1.00 to confirm an entry.
keep this one on your watchlist
NFLX has been in a range for some time, but a very clear C&H is developing. Today's candle with a long lower shadow and support at the 21 EMA. Confirmation for me is a break of the handle with a significant amount of volume (at least 1x Relative Volume). Measurements on the chart for the move. Let me know your thoughts!!!
VVPR appears to be developing a cup and handle dating back to October. We are missing the handle, though. This may be a brief pullback leading to a run up. Measurements for the cup are on the chart at approximately $7 from the top. On watch for a handle to develop or break out of the cup.
Volume was something to mention. The volume on the Weds run up was 16.5...
Volume is one piece of information that is often neglected, however, learning to interpret volume brings many advantages and could be of tremendous help when it comes to analyzing the markets. In addition to technicians, fundamental investors also take notice of the numbers of shares traded for a given security.
Volume analysis can help to confirm the existence,...
A nice ping pong between areas yesterday.
3111 looms large today, and it's where we are at the time of the video. I would expect to see some more fighting here from the sellers.
Got a nice push higher overnight to finally separate ourselves from the range.
Careful here as the push looks like it could be exhaustion, I'm looking at the 94 area on a pullback.
Stuck in the middle of this upper balance.
It's a good thing and a bad thing for the longs.
It's good because we aren't rejecting this upper balance, we are still very much in the middle of the balance.
The bad news here is that we can still pull back to the lower end of the balance so if you're long, you may have to sit through some heat.
VPOC from...
Some good news out of china overnight send the market up with a little spike.
We are ranging near the value high and wold expect this market to continue in this direction,but we may need to dip into value first.
I would continue to be long, and although there will be some short opportunities, make sure you are not overstaying them!
Good morning from Colombia!
We are at ATH again, and we continue to accept higher.
Listen to that again, we continue to accept higher prices.
The market is NOT showing any signs at this point, so you have to be long, IMO.
The market is stretched overnight on low volume, so I'll wait for low 70's.
Not much has changed. Low volume overnight and we are back at the 3000 level.
Will we return to all time highs? Probably. However, it doesn't have to be today, this week, or this month.
Don't chase the market.
