Fundamentally good companies are down since last week and many are fearing of the dip in the market.
If you are holding on a good company, you will have nothing to worry about.
I have written my thoughts in the chart :)
A classic textbook example of Abandoned Baby setup could be seen in PLTR.
- Price is currently on a support area
- A candle has pierced through the lower bollinger band with a bullish confirmation candle on the following day
- Stochastic entered the oversold zone have started to reverse
- Strong sign of momentum via relative...
Purely from Techincal Analysis point-of-view shows a positive setup for PEPSICO:
+ Bullish engulfing candle
+ Prices rejected on 200EMA
+ Stochastic on an oversold area
Area of concern:
- Prices around $147.50 zone have a strong resistance formed
No TP is set for this setup because I believe if the prices are able to break through the previous...
NASDAQ:GOOG " FANG " its way up!
Needless to discuss about the fundamental of the company.
- Prices have been supported by the previous high during September 2020 (classic pattern of resistant turning support)
- Meanwhile, the Lows of the price structure are clearly supported by the 50EMA.
- A strong reversal candle has been formed.
The current setup has...
SWKS Strong Upside Momentum
Technology sector and the Semiconductor industry are on a strong upwards momentum
Expecting the price to continue upwards with the current price action.
- Price rejected by 50EMA
- Followed by a very bullish confirmation candle
- Stochastic entered the oversold zone have reversed
- Strong sign of momentum via...
Bounce setup for MSFT
"Technology" sector and "Software - Infrastructure" industry is currently on a strong uptrend.
Historical prices of Microsoftfavors the 100 Moving aAverage. A bullish bounce can be expected
- Multiple price rejection are spotted on 100EMA historically
- The oscillator stochastic is currently oversold with the price...
Short term bounce for NVRO
Healthcare sector and Medical device industry had been positively impacted by the pandemic.
A short term bounce can be expected.
- A candle pierced the Lower Bollinger band, meanwhile being rejected by 50EMA
- The pin bar is resting on the 61.8 Fibbonacchi in conjuncture with the price rejection
- Price action...