$PAYX is trading beyond the Projected EPS cone after a good earning result, with PEAD projecting price to return lower to trade within the boundaries of upper and lower lines
View On NASDAQ (17 JUNE 2020) NASDAQ is making a great rebound from the recent selldown from 9,400 level but it is not successfully negating the strong selldown of 11 June just yet. Step 1: So, you can be cautious bullish but watch it closely as the coast is not clear. Step 2: Watch 9,666 (Yeah that 666) level, once it gets broken again all Hell will break loose...
It is following very smooth uptrend line so far and hit the fib 0.618 level. Pulled back to 20SMA zone and expect to move and break out. If you find my charts useful, please leave me "like" thx
It is swinging up. It broke weekly 50SMA which is a good sign for future. on 2 hourly chart, rsi shows weakness, it may pull back for some time meet with 20SMA If you find my charts useful, please just leave me "Like" thx
$HUM is breaking out but RSI is still weak. Possible pull back for coming days
$ZYXI is forming the right shoulder. $15.45 is the critical support.
It is pulling back after several attempt to Fib 0.786. $148.66 is a strong support.
$350.38 is the buy resistance. If it breaks out, the target will be the pivot. Watch for RSI and volume.
After a failed breakout, last week it got above the pivot resistance with high volume but rsi is still below the trendline.
Simple head and shoulders pattern. May lead to a correction in stocks, but too soon to tell. Certainly a correction is coming unless the Fed pumps the market with so much liquidity they are forced to buy the dips!
SPX has trended at a 57 degree angle since the 2008 financial crisis. While trend line theory suggests any stock above a 45 degree angle is troublesome, perhaps the SPX is an exception. However, the current trend we are witnessing is at a 67 degree angle, suggesting a significant pullback is warranted. Take this with the global fundamentals (slowing Europe,...
GOOGL, SHS pattern on W1: Down ! - Downtrend forming -> SHS pattern forming
Rising trendline broken, horizontal trendline to be tested and then broken. Look out below as long bear market is on its way.
Waiting for tomorrow open, sadly I probably will not be able to trade. I will try from my phone... I think Amazon will bounce, I will update this idea after I look at what happened in the past and TA the market as a whole, and calculate target SL etc and figure out if the trade is worthwhile or not.
At the moment we're in correction wave 4 of a bigger impulsive wave. Target around 40 usd. Stop-loss around 29.70 usd.
What happens when a car keeps going forward, but slows down? Same principle. Here is a quick summary about market cycles: www.investopedia.com If 200$ was indeed the top, what we should see next are lower highs. And a long bear market. It has already been going up with less strength for a while. Retail investors getting dumped on. Well I say retail...
Imagine you tell people anyone can become a billionaire, imagine you tell people to mindlessly "just buy the index" "It keeps going up!". Imagine you have guys like Tony Robbins ("motivator", exactly what people love) and Warren Buffet telling people to start buying the index in their 20's and keep buying their whole life. "You can do it" "Believe in yourself"....
Long Coca-Cola above area 39.00-42.00 with target 46-53-60