Solana has been undergoing a phase of profit taking causing price to retreat toward this support, after the run up this year. The run so far, for those who bought the absolute bottom at $8, amounts to a 297% gain, over the past 7 months. I am watching to see how this support zone holds up and keeping in mind the cloud is forecasting a steep sell off. Price...
Hello again guys, as mentioned in my previous post, here is part 2 of today’s analysis on Bitcoin. To keep it real short: There are 4 indicators coming together showing when and where the next Bitcoin bottom is coming in: 1. The 21 Week EMA (orange rising line) 2. The green rising support line 3. The 0.5 (and 0.618) Fibonacci retracement...
Falling Wedge breakout - Watch for a break above 28.25, the VWAP and resistance where the stock closed the past two trading days. Long above 86, and short below 82.
BABA has been getting hit relatively hard ever since the Ant Group IPO was halted last minute, would love to see a run up to ER but needs to fill the gap at the $226 level- will be watching
It's pretty common for BTC to have 20-30% corrections in a bull market and has been doing phenomenal with coinciding with previous run-ups. I believe this is the 4th or 5th correction to this magnitude. Things look pretty swell from where we came from this year and last and hope it can continue. We just had a crossing on the weekly MACD and things are looking ripe...
With JNJ news, vaccine giving hope to investors, and another round of stimulus on the way, cyclical travel stocks like CCL should regain strength and continue forward. With good news, and the recent market sell-off due to bond yields, CCL and other value stocks saw a push. We're expecting this to continue, especially with the arise of a new cruise line from the...
What a crazy rally its been for oil since last November. Just passed the .786 Fib level on the daily based on the highs of Jan 2020 and looks pretty solid growth wise. Possible it can go to top of channel around 65. Definitely been good for the OPEC cartel and the USA. Maybe theres some cracks? A lot of traders are pricing in a recovery already in travel and...
Retail hasn’t really been the play in the past couple of weeks but Target $TGT has proven itself to be a strong company throughout this COVID market. $TGT has been following the same strong support line since October, and has been holding the same trend line for the past year. $TGT hit its support on January 28th at the price of $178.01. Since then, it has pushed...
$LULU has run up with the recent overall market run up. It has now gone out and over its long term monthly chart. It should either just trend here or pull back to its long term channel.
After a month of sideways action, UTX broke to the upside to resume an uptrend. UTX candlesticks lengthened just prior to the run up.
AMGN has a Flat Top Formation that is breaking to the downside during earnings season. Stocks with weaker earnings are under High Frequency Trader triggers to the downside. The weak run up reveals the large lot selling at this level.
After earnings news, JPM had a strong run up; now, it is stalling as Professional Traders take profits at the new high.
VRSK is defying the overall market and indexes. It continues to move up in a moderate Uptrend that corrects intermittently, thereby sustaining the trend. This is one stock where there is NO Dark Pool Quiet Rotation™ underway.
Throughout the past couple of months, slow Dark Pool Quiet Rotation™ was going on while the stock was in Buyback mode. Professional Traders used AXP Buybacks to set up good runs until the past 2 weeks. Now Buybacks stalled, and Retail Traders have taken over.
AMZN ran up on buybacks that moved the stock up rapidly. Meanwhile, a slow and steady Dark Pool Quiet Rotation™ Pattern with incremental selling of this stock continued. The stock faces stronger resistance above the current price.
Incyte Corp. has overlapping white candles on a strong move out of a short-term bottom. The overlaps are caused by pre-market open selling that gaps the stock down. The run up shows strength within the buy side.
Buying here just above $1.30 support level. About a month or so left for an important data release. Dilution done and out of the way. Small float and a big short percentage. Nice setup for a run-up play imo.
SIEN has had an amazing run despite negative earnings and is currently showing weakness/indecision at a key level of resistance. Switching to the weekly chart shows nicely where price has tested this level before. The last time it was above it and then came below this level price crashed HARD! I am bearish on this one... This could mean the momentum is drying out...