If EU can hold this area for today, it's more likely to reverse and back to an uptrend. No opening position yet...
When looking at OMU using the 15min, 4H and 1D charts you can tell that when it broke its resistance it meant business. Tradingview has many analysis that carefully point this out. We want to look at the W chart. Yup! The chart where one candle is an entire week. That one! Since we are all about grand perspective, we'll be following this over time and using it...
Based on my fundamental analysis I have set a $35-$40 price target for IMVT. After a steep drop IMVT appears to have found support around $23 which was also supported by very strong volume. With support established at 23, a strong intrinsic valuation, and RSI indicating it is now oversold I believe this could be the start of a new uptrend.
NED remains stubborn in its refusal to cross below 12069, leaving us wondering if we can get the contact details of the praying granmother that is holding this shareprice up. What do you think?
Like a lot of the market, MRF took some hits but lately it has been inching up. Is the market looking to help it back to its former glory around 95? We'll be watching this one if not for anything other than learning about this "new market normal".
Still watching TSLA, based on technical indicators I believe is still has room to fall before putting in a big call position.
I'm stalking this one for a strike, whilst resisting FOMO. Waiting, watching and planning is 90% of the job! The action could kick off on a lower time frame. Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any...
The euro currency continues to rally against the US dollar ahead of this evening's key interest rate decision from the US Federal Reserve. Technical analysis shows that gains above the 1.1380 resistance area could cause a strong upside rally towards the 1.1520 level. To the downside, a loss of the 1.1300 support level could cause traders to test back towards...
TELLURIAN LNG is poised for a come back, if not for recent oil glut with no where to store it leading to negative prices. This shows a broken cup handle as well failing to break resistance up. Watching and waiting as LNG will recover and still lower CO2 emissions and cleaner than OIL (WTI) for most countries. New super carriers awaiting back to new...
Is it going to break the VWAP to really increase? The answer is yes if there's strong buyers and higher volume, it will. GAZP to keep in Portfolio and is worth watching closely.
As discussed in my previous charts, NSE:VEDL was looking to make a move from Downtrend to an uptrend by breaking the previous high and making higher low. We were looking for a continuation of this and wanted to see more confirmation by another higher high and higher low being created. However what we are seeing is a congestion zone (more of a rectangle channel)...
APRN is putting in a higher low and is currently consolidating in a symmetrical triangle. Watching for a break out of the triangle. A close below the magenta line invalidates the idea.
The unprecedented movements of baby Companies like this ones, require a closer observation than any other where we could rely on supports. The likelihood of a reversal is closer by the hour.
Please bear with me (or bull with me in a year) as I am new to this. I am new to investing and have been following biotech IPOs recently. I am just starting to learn technical analysis so I will have to update this later when there is more data to analyze and when I learn how to do that. Also disclaimer: I have an MD background but do not have any stake in this...
MACD looking good First break-out retested Now second break-out?
Downwards trend MACD is looking good Support and resistance trend lines