Why won't this V also test its high? Weekly chart still has juice and if we beat one more key area of resistance, there is NO reason why this won't be testing its all time high... I grabbed 07/06 335 calls before the bell today. Fed's FOMC Repo's stop at nothing clearly...And to be honest, I think COVID is OVER - Riots validated this. I just feel very bullish...
It is rare to see a real V-shaped recovery, IBUY will most likely test previous all-time-high. $54 to $56.5 is an important range. To see it more clearly, just zoom out, or use a weekly chart. OBV has been indicative... as we cross above or below the 200sma, we can see OBV start a trend, either down or up, in conjunction with the 200sma. After our most recent...
Now that we know the virus is not going to get even remotely close to what the models were projecting (for now). I think it’s relevant to compare this V-shaped price recovery to the December 18 market plunge. Dec. 03 peak to Dec. 24th trough = we plunged 17.10% (in 3 weeks) From that bottom to Jan. 18 peak = we rebounded 14.74% (25 days) -->We recuperated about...
It seems like USDCHF made a falsebreak down and now starting an up swing . Therefore i'll look to buy inside day in London / US session. Plus , Depends on the strength of the move , there is a bigger target on weekly chart . Best of luck :-)
We can see an attempt to break the bottom of the channel and its failure with a V-shape . Now price is holding right above channel bottom . Zooming into daily time frame we can see a triangle formed. So i want to be where price is moving fast in one direction , Therefore i'll try to buy inside day before the break happens . * If you start buying on intraday...
I watched SQ rise almost 60% from the market bottom to their peak in late February, and then consolidate down back 25%. They're a great company that's going to be the future of financial payments (watch out PYPL), and they've pioneered making credit card purchases for the common man a reality. Their peak in late 2018 was just over $100 a share, and that's almost...
The S&P500 index ($SPY $SPX) is up 8 weeks in a row now, forming a V-shaped bottom off of the December correction.
Looks like it's headed higher and the TL is not far above. Like many others, I expected a double bottom or a retrace but events have ruled that out for now. This will be an opportunity to close out pension funds before it breaks again. Tar: 25040 or bust! Don't invest on this idea its just my idea, not advice. GLTA!