My quite reasonable sell zone has been highlighted and the DOW is now just entering it. I would recommend caution to all those thinking of investing in stocks at this point in time. There is not much more head height left and lots of room to fall.
ONCT has reached a crucial level on the eve of earnings news.
It might crash down if it can't hold above this level or it might climb to $8.2 if it can hold above this level.
Earnings call on Thursday will fuel the move up or down.
Position will be based on the next couple days.
1612 -> Dutch stock market down 60%. 2.31->0.98. Goes back up in just a few years.
1720 -> British stock market down 67.6%. 12.5->3.07 (65 years before it starts going up so calm down with "just hold").
1835 -> US stock market down 73.5%. 36.6->9.7. Goes back up in just a few years.
1929 -> US stock market down 90%. 381.2->41.2. Goes back up in just a few...
The price of the index repeated its negative closures below the stable barrier at 3030.00, increasing the chances of forming a corrective bearish trading during the short and medium period.
Changing the negative trend requires the price to rally upwards, exceeding the extension of the historical resistance and currently stable at 3030 and open that door to target...
Disney(DIS): Series on Equities #2(3-4 minutes read)
This will be a short and simple T.A, just because it's Disney. Their ratios, products, management etc, speak for themselves and their fundamentals. I will just go through the technicals- most of the fundamental risks that aren't idiosyncratic to Disney are covered in my previous posts(Links #1&2).
Despite Friday's fairly strong pull back, Nasdaq still approached last week the 8,027 All Time High after a very aggressive rebound on the 1D chart (MACD = 50.350, Highs/Lows = 51.7055) since October 2nd near the 1D MA200 (orange line).
Having almost made a Double Bottom then, the annual pattern (2019) resembles that of the 2016/ 2017 period. Not identical 100%...
DJI has been trading inside a 1W Ascending Triangle (RSI = 55.808, MACD = 272.600) since June and is now approaching the 1W Resistance. Currently the Golden Cross formation is emerging on the 5H chart and based on the last 3 times that pattern printed, the price made at least one more High.
In January 2019 it made another three Higher Highs, in June again three...
After hitting our previous Target,
the index is once again approaching the 3,030 1W Resistance and All Time High (ATH). 1D has just turned bullish on its RSI = 56.532 (MACD = 7.990, ADX = 32.823, Highs/Lows = 25.3073) but this is not the clue we are looking at for...
Dow Jones is extending the rebound on the Higher Low made yesterday on the 1W Channel Up (RSI = 51.067, MACD = 249.310, Highs/Lows = 0.0000) after the Nonfarm Payrolls missed the forecast today. This fundamentally bullish for the stock index (Fed and rate cut outlook).
Technically the 1W Channel Up failed to make a Higher High last month so the medium term...
Hi traders / investors,
We are talking about the stocks market. There are patterns, noise and randomness of course. US stocks market has a bullish bias. However, past performance is not necessarily indicative of future results. We are talking about a game of probabilities and even 1% probability should be considered seriously. So let's have a look at AMZN chart...
The index is suffering the technical consequences of the 3,025 - 3,030 Double top earlier last month and is aggressively pulling back within its 1W Channel Up (RSI = 47.427, MACD = 35.000, ADX = 33.659) having crossed all 1D Support levels.
It is now approaching the Higher Low Zone (green) and the 1D MA200 which has always acted as a strong Support through out...
End of the year = People selling stocks at profit to buy Christmas presents
Marked up this chart to show the down fall from October to late December of last year. Personally I don't think it will be as bad as last year...However I do expect it to fall to the highlighted areas which my arrows point to.
As always be cautious and be careful.
Likes & follows...
Indices get their rebound with stimulus from the Fed assuring consumers who are led to believe there's a recession arising to not be alarmed. U.S markets trade with great volume, and the reserve currencies gets its' dosage of steroids.
This is not in nay book afaik. So I am claming it for myself.
I would like for it to be called "Bitcoin is a ponzi" top, or you can call it "Bitcoin hater pattern" if you prefer. Interchangeably.
On the higher top the price has to go back to the rectangle area for it to be valid otherwise it's just a correction followed by continuation higher.
Winrate is pretty...
Levels mentioned on the chart.
TESLA has been in a downtrend for quite some time now.
The medium term trend still remains down but the recent up moves and bounce back from .61 retracement level accompanied with good volumes suggest an upmove.
Strong medium term resistance zone between 244-246, hence targets are kept below the zone.
By Animesh Vashisht,...
This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is trading above $50. We may see another breakout on Wednesday's price action.
Conclusion: A bullish stock with good volume that we will add to the portfolio once the SPX gives us a clearer trend direction.
Any comments or questions, do not hesitate to leave them...