The long-term charts of ERIC+NOK+LUMN and XTC index are presented. Notice that since 2009 the three stocks have been underperforming the index while historically overperforming. Probably the historical order of performance will be restored in the coming years. The NYSE Arca North American Telecommunications Index (XTC) is an equal dollar weighted index...
Since price cross MA30 @June 2020 in weekly, it is in a strong uptrend. Price is reversed nearby MA50 (blue line) appeared a price rejection (pin bar). Next day one white soldier candle as confirmation day, stochastic oscillator indicator shown price at oversold range moving average line is toward up direction. I have a position, and look for 2R...
The mid- and short-term trend charts are presented. ___ Prompt: New traders should take some time and carefully read the post they will find on my profile entitled 'You can't beat the market'. Disclaimer The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only. It is...
Bitcoin brought a lot of liquidity to the crypto market and as a consequence many altcoins which stood still will experience very unexpected breakouts. Especially for XRP, a trend reversal is long overdue. This price level compared to BTC can not be sustained for much longer.
D1 : Watch carefully at D1, W1 and M1 in the coming days...
NOKIA crossed over the 200weeks SMA and is breaking hard long-term resistances with huge volume, changing its long-term trend to rising. Additionally, NOKIA is a very healthy company with good fundamentals. More coming in another post ... Disclaimer The author of this text is not an investment advisor. The preceding content is intended to be used for...
Yesterday LUMN with an explosive 28% rise decisively broke 30months SMA and closed at $14.59, changing its long-term trend to rising. It should be stressed that the rise was not by a gap but by continuous purchases that led to a volume of 60 M when the average volume of the last 10 days was 6.4 M. That is, the rise was not for unloading but for buying cheap...
Sinopharm Group is a profitable Chinese state company with 2 covid-19 vaccines (the first is approved in China) with very strong fundamentals (except debt). Sinopharms stock seems to be near the end of a many years correction, ready to reverse its declining trend. Next follows the stocks mid-term trend chart. Disclaimer The writer of this text is not an...
I took position for the break out today and the reversal has began. New highs in the days ahead.
From short time perspective it looks like LTC is getting ready to break the downward wedge, heading all the way up to 150USD. From long term perspective we can see the downward flag, last component of large cup and handle. My idea is to buy now, sell at 150USD, wait for the price to break/confirm the flag and then go long . RSI and Momentum were already yesterday...
Do you remember the analysis from the 20th of USDCAD The price dropped and did not allow entry. But that doesn't mean we stop looking at the possibility of getting involved in a trade. Now it is even more profitable, because there is an opportunity to get involved at lower levels and earn more! For this purpose, however, we must see a break again! This time...
Time for a trend reversal at BIGC? Time will tell.
The stock market is as overvalued as in 2000. We are chasing vaccine, stimulus and large tech news without accepting that the economy is not doing well. Eventually we will have to.
USDCAD is in a downward trend in all periods. Today we expect the BoC to decide on interest rates. This can be a good opportunity to reverse the H1 trend! To do this, you do not have to enter into a trade in advance (unless you enter into trade without reason). Passing above 1.2768 will allow entry. Crossing the previous peak will confirm the reversal. The...
GBPJPY looking likely as a potential intraday trend reversal now. Vix indicator recording low levels, price is trying to form a lower high here after a bearish wave recently. My downside targets shown on the chart. Fundamental influences?... Covid cases, lockdown restrictions, Brexit negotiations for British and EU financial markets.
H4 : Last candle triggered a second "shooting star". Important to note that both patterns took place following the failure to upside breakout KS Moreover, clouds support is very thin = fragility ! In addition, MBB and TS also coincides with the clouds support area. Watch also the first uptrend line support (the one which rely the...
Bayer went down a lot. I do not think there is a lot of downward potential left at this point. Even though, there might be another low as the whole stock market will cool down, the general direction from now on is UP.
H4 : Over the last 4 hours, price action triggered a "doji shooting star" which is already the first signal of a potential trend reversal Therefore the next H4 period will be very important to look at. Indeed, a closing price below the closing of the former doji shooting sta$ would confirm this bearish pattern, calling for further downside...