GBPUSD is practically neutral on its 1D technical outlook (RSI = 56.00, MACD = -0.001, ADX = 28.566) and testing the 1D MA50 for the 2nd time since May 3rd. Last time it got rejected emphatically and being exactly on the LH trendline, there is very low risk in selling on the current market price. The target is a little over the S2 level (TP = 1.2220). ## If you...
Dow Jones is bullish on its 1D technical outlook (RSI = 62.964, MACD = 188.520, ADX = 55.476) and has completed three green 1W candles in a row. Having reached the 0.786 Fibonacci level, the last confirmation left to see in order to call for a continuation of this uptrend is for the 1W RSI to cross over its MA. The moment it does, we will buy again and target the...
Trade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with +10% upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Pattern : Price was trading in a Channel Down ...
Fundamentals: Develops software for institutions for protect individual privacy and prevent the misuse of information. The only thing that I do not like is the bad earnings stability and the decelerating earnings; but sales have been growing q/q and y/y. Good quality funds are adding. Technicals: Daily: exDiv1 with MACD lines and RSI a-b-c counter...
JSE:GLN has shown multiple reasons to enter a long position. Firstly, the EMA's, stochastic and MACD are all signaling an upward move, the fractal from the 7th of May has been breached and it has broken through a descending resistance line plotted on the chart. Today, our order to go long was triggered. We are looking to reach the target at around the 125 level.
Medical Properties Trust, Inc. (MPW) is showing significant upward momentum, closing at $5.58 with a substantial increase of 16.74% on May 13, 2024. The stock has broken out of a critical resistance level, indicating strong bullish sentiment. Support: The key support level is at $4.44, which previously acted as resistance and has now turned into...
Demand Zone Dynamics: NEAR's recent halt at the $0.65 demand zone suggests a strong support level, signaling a potential turnaround point for the price. Fibonacci Foothold: Currently trading under the 23.60% Fibonacci retracement level, a move above this could signal the beginning of a stronger recovery. Psychological Milestone Mastery: Breaching the $1...
Skyrocketing to New Heights: PEPE price has soared to an all-time high of $0.0000111, marking a significant milestone in its market trajectory. Channel Breakout Brilliance: The recent breakout from a falling channel pattern signifies a strong bullish trend, suggesting the potential for further upward movements. Inverted Ambition: The formation of an inverted...
Bullish Breakout Bonanza: FLOKI recently surged by 17% in 24 hours, signaling a strong bullish momentum within the meme coin market. Wedge Breakout Wins: The price action indicates a successful breakout from a falling wedge pattern, a classic bullish signal that could propel prices higher. Fabulous Fibonacci: The price movement is navigating between key...
Greenbar sits on the breakout position with 11 months of consolidation 5/10/20/60 are lining below over200MA MACD splits with 2nd Greenbar + strong signal over the oblique resistance expect earning to be good in near future Market Cap about 6B More investors are joining the group 1st Target : $48 2nd Target : $58
PEPE, the meme-inspired cryptocurrency, has exhibited a bullish breakout on the hourly chart, suggesting a potential continuation of its upward trend. The price action and market indicators hint at a strong possibility for further gains. Ascending Trendline and Liquidity Gaps: PEPE has been trading along an ascending trendline on the hourly chart, creating...
On Semi conductor's selling has been weakened since Nov 23 and the larger falling wedge is pointing towards a larger bullish reversal pattern. First the cup and handle is close to a completion and will confirm the pattern once it breaks above US$72.84 resistance. Volume is low but is a potential sign of accumulation. Long-term MACD is close to a bottom...
GameStop Corporation (NYSE: GME) closed at $30.45, exhibiting a significant bullish momentum with a substantial increase of +74.40% in the latest trading session. The candlestick pattern shows a strong bullish engulfing pattern, indicating a potential continuation of this upward trend. The Ichimoku Cloud analysis reveals the price has broken above the cloud,...
Looks like Titan is in overbought zone, the four year rally might see some correction before next move it seems, also MACD is facing resistance, lets see what happens next Target: 2800 Stop: 3900
Fundamentals: Nu Holdings Ltd is a Brazil-based company that provides a digital banking platform. The company is doing ok. It does not meet all my parameters, but it is ok. Earnings come out tomorrow. I will be strict with stops. Technicals: Daily: cup-with-handle pattern 5EMAs pb with MACD Weekly: shallow pb buy signal uHd Comment: buy signal is...
BTCUSD is neutral on its 1D technical outlook (RSI = 49.966, MACD = -901.100, ADX = 24.861) as it is trading inside the 1D MA50 and 1D MA100. This squeeze is taking place while the Inverse H&S is forming its Right Shoulder. The 1D RSI is trading over the MA level, which is the same price action as the Inverse H&S of January. If it crosses over the 1D MA50...
I still think the head and shoulders are formed on the daily time frame And after the failure of the lower line of the right shoulder, pullback has happened And I expect to see a downward trend this week If 1.0723 breaks, I expect 1.0693, then 1.0644 and 1.0609 And otherwise, if it breaks 1.0830, it is an upward move (which I consider weak). Monthly time frame: -...
Gold dropped sharply this morning, giving back all of Friday’s gains and more. Despite this, gold remains comfortably above $2,300 per ounce. In addition, the MACD on the daily chart suggests that the downside momentum which started to accelerate in mid-April, has begun to flatten out. It’s worth noting that gold has given back a lot of its gains over the last...