$FXY Topped on late March, marching lower since then. Rejected twice at the sma50 (dynamic resistance). Today it closed red. More downside ahead? Closing price: $86.02
$SYNH close to sma50 and trendline support, looks like a good spot for entry and ride this uptrend. Major U.S. indexes closed red, and this stock closed green with 1.06x average volume, that's a sign of strength.
Ref. price: 43.83
$VEA I see rejection at $44, today closed below the sma50 on 2.72x average volume.
Looks like a good spot to short with a max risk of 2atr (14) stop on close.
$RUTH is an example to trend following using the sma50, this moving average offered several buying opportunities to go long. Today the company posted earnings and the stock hit all-time highs. First entry $21.80
SBUX has previously shown many trading patterns such as head and shoulders and flags. Currently, the stock is in an upward flag, but also on the middle of two Fibonacci levels. The blue line represents short-term resistance if the stock breaks that I believe it will stay in this Fibonacci level with enough time to hold until the next resistance line. This upward...
$VMW The sma50 acting as dynamic support. Low volume (0.49x) bounce today. Good growth numbers. Looks like a good entry area with a stop on close below the sma50. Earnings on 8/30 amc.
As you can see, BTC seems to have found a bottom and is working it's way upward.
Having already breached the SMA 25 (4H) chart, it is hovering over the SMA 50. This, is still short (by around $700) of a cross of the SMA 200. This barrier has been a tough one for BTC to break but, if broken soon, could lead to a lot of optimism in the space.
Until the SMA 50 is...
