Sunworks suffered a lot already, and the stock almost in the graveyard. I am following it a while, was a nice short on the way down. Finally posted a tiny bit more positive earnings compared to expectation.
Meanwhile a falling wedge formation created. Also moving in a big downward channel. There are two scenarios for counting the waves, one scenario suggests,...
Placed a limit buy order in this stock. Let's see how it works out. The reasons can you see on the charts - if I should explain them leave just a comment here. ;)
Possible top occurring on the Aussie SPI. It's currently following two previous roadmaps from last year.
Turns early in the month are also common, especially the 3rd of the month.
Another wild session, another opportunity to suggest that you learn how to use RSI to find turning points, and perhaps more importantly, stay away from the drops that keep on dropping.
In this short video, I revisit the same concept from my past 2-3 posts, which is how to use Relative Strength (with the correct settings) to identify potential reversal points in...
Recently Bitcoin broke out of a descending wedge (yellow dotted lines) to show a potential sign into a reversal uptrend. However, Bitcoin looks to be approaching some key resistance dancing around $43-45K.
The current price is right around the 61.8% Fibonacci level from the drop back in May/June, but this also is the 38.2% Fibonacci level from the drop back in...
Fridays and Mondays are the most important trading days of the week. A lot of traders will rebalance their portfolios at the beginning or end of the week, and then simply hold through the week. These days also signal something about the news environment. A down Friday typically signals that traders fear bad news over the weekend, and a down Monday signals that bad...
if we drop from here, possible next 3 moves before retesting/ break thru range high, not saying this will happen but if we drop from here what could be good entry exit points
EXY is at a critical turning point which will judge its course in the future. Looking at the data in the charts, it is obvious that the sellers are trying to lead the index to lower price levels.
Starting from the analysis of the trend and its momentum, in the price chart on the left, there is a downtrend lately which has led to the break of the lower limits of...
Finally a meaningfull pullback from LONGi, been waiting for a chance to purchase more and its finally here.
Keep a lookout for the MFI crossing back up over the 35 line and MACD crossing over. This should coincide with the short term MA as I dont see it dropping below ~80 to 90.
The upside and take profit levels would be at around 120 to 150, stop loss at 70...
Needs to break above .52 to begin a new uptrend.
Breaking below .485 could send us towards .45 then .40.
I even can see a case for a retest at .33-.34 in a worst case scenario.
However, if 2017 taught anything is once XRP begins to climb a short strategy is a quick way to get rekt. The true short trade was weeks ago in the .70c region.
Certainly there...
The DOW is looking to go down, it tried to rally today but failed and made a good short opportunity.
The previous wide bar can act as a support, tommorow u should look for a breakdown of that arrow and buy at the test of the breakdown.
The other scenario is if the support holds then look for upward motion to the upper end of the range.
The latest earnings beat expectations, Transocean could end up as the sole survivor within it's market segment & we might see a mighty short squeeze in a very near future.
EURUSD on the daily chart has just retest the previous low, traders who are looking for a shorting opportunity could wait on the trendline on the 1hourly chart to short if the candle didn't break and close above the trendline or wait for the market retest to previous high at 1.1726 on the key resistance area.
I've done an Aggressive Sell as the market hit the previous support that happens to be an important turning point. I'm seeing that the market will have a last retest on the Key Support Level before any true bullish movement.
