MACD crossover is in play in weekly charts indicating a good move upward. Once the crossover is success, the stock can start its rally. Currently the stock is getting rejected from the 165 levels and forming a Resistance. Once the stock crosses this level after the MACD Crossover, it can start going upward faster.
A new MACD Crossover is about to happen in Weekly Charts indicating a good move upward. Once the crossover is successful, ideally in the coming week, we can see the stock ready for its next leg up. The stock has also formed a good Support at 39 levels.
Price Action downward, however MACD taking trajectory upward. As long as 225 levels are maintained, stock can seeing upward momentum. Stock has also crossed 200 EMA. Note: 225 is the key support level to start going upward. Any break or weekly close below this level will invalidate the above setup.
sales and earnings have been rising for several quarters Price action suggests an potentially explosive move on the cards, large outside candle followed by two inside candles on weekly TF Volume and volatility has also contracted Good Relative Strength Previous upmove in jan was from a similar base (18Wks/ 30%) in which the stock is in right now I...
Nifty is resting delicately on 50 Hours EMA support. Every rise is seen as an opportunity to book profit at least in selective mid and Small cap companies. Last week we saw a shift of investors retail, FII as well as DII towards large cap banks and Chemicals. This indicates some sectoral shift also. The Fizz of the rally is dying down as Nifty remained range bound...
It looks like DAX is undergoing a correction after a prolonged bull rally. However, based on my personal experience, if the Fibonacci level has broken the 0.618 level, I generally consider this as a trend reversal. We can now say corrections are upwards rather than downwards. Therefore, my view on DAX is a trend reversal, and the rises are opportunities for...
Let's see what the market has to offer. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
BITSTAMP:BTCUSD made a new all time high to the 73k breaking the previous ATH of 2021 and from the new ATH, we have seen a 12% drop for the price of Bitcoin. If we take a proper look at the price action of #BTC on the weekly time frame(TF), we can notice a double top formation which is a bearish pattern in price action. Also, we can see that Bitcoin is trading at...
Detected 07-Jun (detailed commentary and full scan results available in the signature below). Activated 11-Jun. ASX:VEA represents a potential bearish opportunity should momentum continue and newer lows be made. Entry conditions: (i) lower share price below the level of the potential outside week noted on 07-Jun. Stop loss for the trade would be: (i) above...
Detected 07-Jun (detailed commentary and full scan results available in the signature below). Activated 11-Jun. ASX:KLS represents a potential bearish opportunity should momentum continue and newer lows be made. Entry conditions: (i) lower share price below the level of the potential outside week noted on 04-Jun. Stop loss for the trade would be: (i) above...
Detected 31-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 31-May. ASX:HDN represents a potential bearish opportunity should momentum continue and newer lows be made. Entry conditions: (i) lower share price along with swing up of bearish DMI indicator and swing down in RSI. Stop loss for...
Detected 31-May (detailed commentary and full scan results available in the signature below). Activated as at time of review of 4th June. ASX:WOR represents a potential bearish opportunity should momentum continue and newer lows be made. Entry conditions: (i) lower share price below the level of the potential outside week noted on 31-May. Stop loss for the...
Detected 31-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 31-May. ASX:GPT represents a potential bearish opportunity should momentum continue and newer lows be made. Entry conditions: (i) lower share price along with swing up of bearish DMI indicator and swing down in RSI. Stop loss for...
Detected 17-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 17-May. ASX:CTT represents a potential bearish opportunity should momentum continue and newer lows be made. Entry conditions: (i) lower share price along with swing up of bearish DMI indicator and swing down in RSI. Stop loss for...
Detected 17-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 17-May. ASX:QUB represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) breach of the upper confines of the Darvas box formation - i.e.: above high of $3.68 of 15th May...
Detected 10-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 10-May. ASX:JMS represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price along with swing up of indicators such as DMI/RSI. Stop loss for the trade...
Detected 10-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 10-May, however did activate on 15th/16th May. ASX:DEV represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price above the day of the volume spike (10th...
Detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), ASX:BYE represents a potential bullish opportunity with respect to a possible key reversal bottom formation detected, although the volume on the potential key reversal bottom signal day was rather mild. Trade suggestion would be to await for...