In my analysis on AUD/CAD, i see the rejection on 4H and 1H on the support, and now looking for the buy momentum.
price broke a support turned a resistance, going now to retest it and continue falling to support , when you show reversal take a sell position
Notes: * Strong up trend due to macro situations * Printed a Pocket Pivot as it bounced off of broken resistance * Looks good on multiple time frames Technicals: Sector: Exchange Traded Fund Relative Strength vs. Sector: 3.02 Relative Strength vs. SP500: 4.05 U/D Ratio: 1.62 Base Depth: 56.08% Distance from breakout buy point: 4.42% Volume 37.69% above its 15...
The price is in consolidation phase above the daily support and below the monthly resistance (0.89) The price got rejections from 0.95$ from the supply zone. How to approach it? IF the price is going to have a breakout from the monthly resistance and 4h resistance and retest it as new support, According to Plancton's strategy , we can set a nice order ––––– Keep...
Notes: * Coming up on the right side of its base * Volume increasing with price * Two levels of resistance at which we can take partial profits. Technicals: Ticker: $RXST Sector: Healthcare - Medical Devices Relative Strength vs. Sector: 25.97 Relative Strength vs. SP500: 8.57 U/D Ratio: 1.7 Base Depth: 82.72% Distance from breakout buy point: 1.65% Volume...
Notes: * Great earnings in the recent quarters * Strong up trend in the long run * Price has been increasing along with volume * Breaking out of a ~7 month base with higher than average volume * Also breaking out with a pocket pivot Technicals: Ticker: $WCC Sector: Industrials - Industrial Distribution Relative Strength vs. Sector: 86.62 Relative Strength vs....
Notes: * Great earnings track record * Very strong up trend * Pays out dividends * Breaking out of a ~7 month base with higher than average volume along with printing a pocket pivot Technicals: * Sector: Basic Materials - Chemicals * Relative Strength vs. Sector: 4.49 * Relative Strength vs. SP500: 6.32 * U/D Ratio: 1.38 * Base Depth: 29.41% * Distance from...
the price tested the monthly support where the market got new liquidity as I told you in my previous idea. Now the price is testing the 4h resistances, as you can see on the left, the price has several structures on that area. How to approach it? The price needs to create a new breakout from it, and retest the 2k resistance as new support, According to...
The price got liquidity from the monthly support as I told you in my previous video. the monthly is an important key level on 1700$. Now the price is testing the 1925$ resistance where the price bounced several times it means that this level is so important for the market. How to approach it? The price needs to have a new breakout from the level, thus, the price...
The price bounced exactly in the 1.127 Fibonacci Extension on 17.25$ and the market started with a triangle on 4h timeframe. now the price is testing the 4h resistance at 24.5$ where the price got a rejection a few days ago. How to approach it? the price needs to have a new breakout from the resistance and retest the resistance as new support. According to...
* Very strong up trend since inception * Great earnings in the recent quarters * Breaking out of a ~5week base * Pays out increasing dividends * Has lots of accumulation indicated by the U/D Ratio Technicals: Sector: Consumer Cyclical - Specialty Retail RS vs. Sector: 2.7 RS vs. SP500: 6.71 U/D Ratio: 1.66 Distance from breakout buy point: 0.17% Volume 9.58%...
* Broke its historical resistance of $23.55 which dates back to 2006 with tonnes of volume behind the move Technicals: * Sector: Basic Materials - Agricultural Inputs * Relative Strength vs. Sector: 52.33 * Relative Strength vs. SP500: 8.92 * U/D Ratio: 1.61 * Base Depth: 71.26% * Distance from breakout buy point: 2.35% * Volume 196.27% above its 15 day avg. ...
* Strong recent up trend * Breaking out of a one month base * Pays dividends * Price looks good on all time frames. Technicals: * Sector: Energy - Oil & Gas Refining & Marketing * Relative Strength vs. Sector: 2.07 * Relative Strength vs. SP500: 6.83 * U/D Ratio: 1.25 * Base Depth: 32.41% * Distance from breakout buy point: 1.92% * Volume 14.33% above its 15...
* Steady up trend over the past two years * Consolidated for about 8 months * Formed a cup and handle pattern * Now breaking out of the cup base Technicals: * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 20.4 * Relative Strength vs. SP500: 18.49 * U/D Ratio: 1.38 * Base Depth: 82.07% * Distance from breakout buy point: 0.33% * Volume...
* Nice up trend * Resisted the current bear market really well * Looks good on all time frames Technicals: * Sector: Utilities - Utilities - Regulated Water * Relative Strength vs. Sector: 3.09 * Relative Strength vs. SP500: 13.1 * U/D Ratio: 1.06 * Base Depth: 24.41% * Distance from breakout buy point: 0.1% * Volume 72.3% above its 15 day avg. Trade Idea: *...
The price is creating a falling wedge on the daily timeframe after the breakdown from the monthly support on the 0.12$ On the 4h timeframe the price bounced on the dynamic support How to approach it? The price needs to create new bullish impulse with momentum and volumes. IF the price is going to recover the monthly support as new resistance According to...
HUL is trading well above its resistance zone of 2200-2207, got rejected from these levels multiple times. Breaking resistance with above average volumes as well as made cup n handle pattern on smaller time frame. Buy with mentioned stoploss & mammoth target of 2500 in 2-3 trading sessions.
Notes: * Great earnings record in the past 2 years * Very strong up trend in all time frames * Offering a potential pull-back recovery entry * Recovering with well above average volume Technicals: * Sector: Consumer Defensive - Farm Products * Relative Strength vs. Sector: 4.42 * Relative Strength vs. SP500: 8.38 * U/D Ratio: 1.62 * Base Depth: 14.79% *...