Bullish pattern -breakout of descending wedge on $Z
$PLTR provides a nice example of how AVWAPs (white line) can be used to identify support and resistance level. In addition the price has also recently broke out of $27.5 resistance level (green line) I expect further upside.
Salesforce : $CRM - breaking out of its year long base. 25% deep base. If broader market helps further upside likely.
Silver is in a huge triangle formation for the last 11months. ? Bull flag. Awaiting a break from this pattern. Will it be up or down? I expect it to breakout to the upside. Let us see. Wait for confirmation.
Positive Divergence with MACD & support at 0.618 Fib level Gap down yesterday and high volume, Lots of negativity surrounding Govt. interference with big tech companies in their home country. This stock is not in favor currently - great time to start positioning for contrarian investing. Good company and solid growth and fundamentals.
I have entered long on $VSTO due to the fundamental and technical analysis as shown in the chart. Stop loss has been trailed since. Price is moving as expected and is setting up a mini 4 day consolidation. I expect it to break to the upside and hit the profit target if the wider market supports it.
Gold has recently move above the resistance zone as published in a recent post. Silver is following suit and testing the resistance zone. The next few weeks will show if this materializes or not. I am inclining towards long position - but would like to see the confirmation by a clear breakout.
Gold is trying to recover. Still in the downward channel, now at a key resistance area as shown in the chart. Also has 50EMA confluence there. Watch out for the action around this key zone. Can determine the direction based on breakout or breakdown at this key zone.
Massive confluence of indicators which gave the strong buy signal followed by explosive move. See indicator signals on the chart. My Watchlist is performing really well.
Bought at $10.17, Nice 22% move in 7days. Lots of technical indicators converged there - MAs, Ichimoku Cloud and as shown here the Fib 0.618 retracement a few days earlier.
$APPN has given me nice 640%+ returns overtime. It has jumped >200% in less than a month 🤩 Nice retest of prior resistance and bounce above 50EMA prior to earnings and blast off post earnings. Even if you had missed the bounce off the prior resistance, hope you caught the breakout of prior high which would have also given you a juicy breakout trade profit....
Great move from Covid bottom, then a big pull back. Now it seems to be trying to resume uptrend following earnings gap up. Sellers came in on positive earning reaction. If it follows through upside when buyers come in next week it could resume uptrend. Volume clues are encouraging. Lets see if price action obliges.
I missed this stock earlier. Just came to my attention. On Friday it moved up (again) strongly on big volume. A bit extended on weekly, but something to watch for better entry price.
$BABA is a great company to be invested in for long term. Recently been on the wrong side with their government. This pullback provides a better entry price for long term. Chart also shows short term bounce set up, likely to move higher if broader market cooperates.
Larger companies getting into $Bitcoin space like $SQ & $PYPL. Macroeconomic environment also favouring this move. Chart showing breakout pattern.
Quick 50% price move in 4+ weeks since breakout. I am long term bullish on $BTCUSD
RH resisted the market correction well showing good relative strength. Setting up for a breakout potential.
Still within IPO range, but setting up nicely with breakout action for early entry now based on price action related to T-line and Ichimoku Cloud.