Exxon Mobile - 30d expiry - We look to Sell at 102.98 (stop at 107.07) We are trading at overbought extremes. Bearish divergence can be seen on the weekly (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Posted a Double Top formation on daily RSI. Price action...
MCPHY Energy - 30D expiry - We look to Buy a break of 11.61 (stop at 10.69) Prices have reacted from 7.550. There is no clear indication that the upward move is coming to an end. A break of 10.60 is needed to confirm follow through bullish momentum. The bullish engulfing candle on the weekly chart the positive for sentiment. Our profit targets will be 13.88...
SP500 index very very bad scenario. If fed will continue to gain interest rate, this time maybe we will see big recession! This is not sell signal, this is just one scenario i see on this chart.
Twitter - 30d expiry - We look to Sell at 51.88 (stop at 55.11) We are trading at overbought extremes. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. This is curremtly an actively traded stock. In our opinion this stock is overvalued. The previous swing high is located at 54.50. A higher correction is...
Looking at Twitter the chart shows that it´s overbought and is likely to go down. Following the Bollinger Bands we see the price has touched and moved out of the upper band. Following the RSI 14 we see that the RSI went above 70. So both indicators are indicating a move to the downside. According to the earning announcement we expect it will be towards the...
Snap - Intraday - We look to Sell at 12.71 (stop at 13.91) Price action continues to trade around the all-time lows. Price action continued to range between key support & resistance (10.00 - 12.80) and we expect this to continue. The bias is to break to the downside. Daily signals are bearish. We look for a temporary move higher. The primary trend remains...
LVMH - 30d expiry - We look to Sell a break of 592.8 (stop at 611.1) Short term momentum is bearish. A break of the recent low at 594.7 should result in a further move lower. 540 continues to hold back the bears. A break of support at 600 should lead to a more aggressive move lower towards 540. We look for a temporary move lower. Our profit targets will be...
🤑 Nifty is likely to be Bearish till it's below 17375. ❓ Reason: Because Trailing Stop Loss is above the Price of Nifty in ATM Machine Indicator Hourly Chart. 🚧 Dowside Hurdles: 17245, 17115, 16980. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🔴 Positional Trend is Negative. 🟡 Long Term Trend is Neutral. 📢...
Long Birlacable at cmp 146-148 stop loss 140 target 180/200+
We expect that price will go to the upwards and retest the 41800 resistance level. From latter, our expectation is the price will go to the downwards. RSI is overbought, and it indicates us that it is a selling opportunity however we expect that the price will have its last push towards ath. Entry, stop-loss, and target levels in the chart.
UPDATE: $BRSH Broke out of descending triangle as expected, Also notice the Rounding Bottom pattern in the 4h TF Rounding bottom chart pattern is an indication of a positive reversal.. it needs to break above the neckline resistance level of the rounding bottom ($2.12~) and hold above it to continue in its new upward trend🔥
Ageas - 30d expiry - We look to Buy at 36.61 (stop at 35.38) Buying posted close to the previous low of 36.56. Levels below 37.00 continue to attract buyers. We look to buy dips. Dip buying offers good risk/reward. Short term momentum is bearish. We look for a temporary move lower. The primary trend remains bullish. Our profit targets will be 39.66 and...
FuelCell Energy - Intraday - We look to Sell at 4.33 (stop at 4.61) Price action continued to range between key support & resistance (3.15 - 4.40) and we expect this to continue. Daily signals are bearish. Preferred trade is to sell into rallies. Levels close to the 50% pullback level of 4.34 found sellers. 4.39 has been pivotal. Our profit targets will be...
ING Groep - Intraday - We look to Buy at 8.484 (stop at 8.169) Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 8.500 continues to hold back the bears. 8.193 has been pivotal. We look to buy dips. Dip buying offers good risk/reward. Expect trading to remain mixed and volatile....
Shopify - Intraday - We look to Sell at 39.88 (stop at 43.43) The primary trend remains bearish. Price action continued to range between key support & resistance (30.00 - 40.00) and we expect this to continue. Bespoke resistance is located at 40.00. Resistance could prove difficult to breakdown. We look for a temporary move higher. Our profit targets will...
It’s that time of year again; earning session for US stocks. With so many other variables contributing to volatility in the US markets (e.g., inflation, Fed rate hikes, recession, oil prices, quantitative easing), anything out of the ordinary can result in huge moves in stock prices. This has already been witnessed in an early report from Nike (NYSE: NKE) last...
Lucid Group - 30D - We look to Buy at 13.61 (stop at 12.59) We are trading at oversold extremes. 13.25 has been pivotal. Bespoke support is located at 14.00. Support could prove difficult to breakdown. We look to buy dips. Prices have reacted from 13.53. Intraday dips continue to attract buyers and there is no clear indication that this sequence for...
KEI industry is forming ascending symmetrical triangle patterns on daily charts. Volume has popped out. Breakout depends on quarterly performance.