It almost touched the SMA50, which indicates us that it has the role as a support. A lot of wicks in this area. Personally, I see it hit a bit lower than the previous resistance(the double top). The path tool illustrates the way it will react.
When discarding covid19 effect, only once since September 2012 has SMA200 been above SMA50.
Right now there is a balancing act going on.
Yet over this week the price has broken out from the previous 3 tops and had strong support in 420-430 after Q1 postings.
Since then there has been a strong RSI14 development and is showing a strong yet not "overbought"...
So much for the premature announcement for the return of value stocks. Besides industrials and utilities sectors, the pecking order remains the same in Sept.
NDX has recouped a big chuck of its loss since early Sept and seemed to have shrugged off other recent negative news.
LTC/USD Daily outlook
Litecoin is getting closer to a falling wedge pattern breakout most likely to recover some lost territory heading to $100.
The drops are slowing down as shown by the Poshtrader Hull Moving Average period 50, where Litecoin price has broken out above the trendline resistance.
However, the Litecoin bulls must reclaim the support at $45 to...
AVT has been in a consolidation pattern since July 10th, with a bull technicals behind.
Last candle today is a hammer. Showing buyer strength when price fell to $43.6.
Price just below SMA(50)
Price just above SMA(200)
RSI @56 trending higher
OBV confirming trending higher
Directional move index turned positive
If we can continue above...
di recente il prezzo ha toccato la sma a 50 periodi sul grafico mensile, in oltre dopo la forte scivolata a cui abbiamo assistito i questi mesi il prezzo si è collocato sui livelli di ritracciamento di fibonacci, potrebbe quindi rappresentare un' ottima zona di resistenza che potrebbe portare il titolo a un prossimo e inevitabile rialzo.
$NTRA Already up 182% year-to-date. Today it bounced off the sma50 and printed a hammer candle with 1.82x average volume. Looks like a good entry spot with a stop-loss on close below the sma50.
Ref. price: $25.29