After many years of struggle due to the Banking Debacle of 2008, this venerable old company is finally showing strength again. Spinning off divisions to focus on and drive growth in the key businesses was exactly what was needed.
NYSE:GE Aerospace is over-speculated now. The run up from the heavy accumulation during the last half of 2023 is too steep to...
Hi guys! So this is a Pure Technical Analysis on the Macro structure of Disney (DIS).
Macro in that we are on the 1 Month timeframe so each candle is 1 Months worth of price action averaged in.
Just note why i don't ever look at news to influence my trades. We got rejected from our highs in October 2021, Desantos bill signing that sparked the lawsuit stuff...
Head and shoulder + bear flag
WHEN a support is tested multiple times, time after time, it gets weaker and is more prone to be broken down and now bulls are trapped.
Many liquidations of bulls are on the verge on happening.
Not a financial advice. DOYR.
Yesterday, I posted a DAILY analysis. Today, looking at the WEEKLY chart BSV bulls are weak right now. Prolly many people placing puts and limit orders all over the place. I think it is going to go down about 30-50$ . A big possibility that the new weekly candle will be a bearish one . Please do not close your trades . Look to manage your position. I personally...
Hi Traders!
As you can see the market is in a downtrend.
The market is respecting the trendline which is coming from above.
The second area the price gives value is the support at 107.300.
The third thing you should consider is the 200 EMA, which is also above the market.
In addition, the market is in a consolidation - ranging in the 1H timeframe.
The support...
WDAY topped on the short-term trend, but it is bouncing off of weaker support from money highs in 2018. WDAY remains at risk for more downside slip slide action, until it enters the Platform candlestick pattern formation from 2018. That support level offers stronger support due to a prior Dark Pool Buy Zone™ with minimal accumulation.
Weekly view shows a downtrend until the end of 2018, then the stock moved sideways in a trend that is not a bottom. Supported by a weak intermediate support level. Could break to the downside with High Frequency Trader action.
PayPal broke to the downside, then bounced up on a strong upside market day. However, the gain of the bounce is weaker in volume and price pattern than the previous downside black candlestick. It has weak support to the downside all the way to the red line.
