Nothing has changed in this cycle...except that drawdowns have been very steep in individual names. Doesn't mean we will see bearishness in months to come...there will be big rallies...enough to strangle shorts and dump to kill longs. Best idea is to trade lighter and not to be greedy.
oversold, and just above ATL -- just below daily VWMA stop loss just below recent low ~ 8.10 should make this low risk trade and worth consideration IMO. Trend is clearly down, and Chinese names always come with a unknown risk.
Flag breakdown in progress. Increasing selling volume...big move will come if 24 gets rejected again in next few days. First target: 18
holding well above all short term MAs ++ Breakout on 3D timeframe ++ Favorable market conditions + Still below 3D VWMA...would like to test 82 and consolidate below for push higher.
holding above daily MA ++ MACD signal is green on 3D chart ++ Downtrend broken + Trendline resistance --- Overall bearish market sentiment - Overhead VWMA resistance --- Likely that it tests VWMA at 164 (on news?) and pulls back into the ER. if it builds above 150, could see 225 level soon after. still early, but should be on the focus list for 2022.
Losing 9 EMA, albeit volume is low, but that can add to the fuel to fire. unless it claims 42 or some news acts a catalyst, could test low again in coming days. Disclosure: despite my good judgment, I am stuck in this. Maybe I will cut it lose for loss if price acts weak next couple of days.
no need for comments here...path of least resistance is down...way down to like 2051. Caveat: unless there is some GOOGL like news, which could propel this to 3200, but even then, I'd be a seller there.
Rejected 30 EMA and VWMA and bearflag formation. Likely tests low again. News Catalysts also are not helping this clear the downtrend. If it can consolidate here above 14, could have shot at breakout.
lost trendline support on big volume...will continue to slide to ATL
9 EMA, 30 EMA, VWMA and the breakout level to ATH at 887. 50 DMA over around 900. Price is holding incredibly well in this zone and unless it breaks 762, I'd expect bullishness ahead. Best approach is to wait for price to base above 900 for breakout.
gave a false sense of breakout, and roller over quickly on a bad news. broke down the bearish pennant...almost back to the ATL. if it can't hold 50, will keep sliding
Nice move off of the flag below 9 EMA. Claimed EMA. ++ Overhead supply between 18.56 - 19.30...also 30 EMA in that zone, so real test would be in that zone. if it can push higher, it'd see 20.7 in this cycle. I'd expect decent pullback into demand.
Still need to clear 46, before going all in, but all checks all the boxes for reversal to the long side. Pullback from 46, would the best way to go long IMO.
catching a falling sword only brings hurt...no reason whatsoever to bottom fish at this level...if 100 is taken out, next level is way down. If you are a believer (aka LT investor) you might want to dip your toes a little. There is a good support at 100 and structurally, company is not worse than what it was pre-covid.
chart shows Trend based fib levels...165 corresponds to 100% retracement. price is showing bearflag again, which could be catastrophic for bulls....only hope is another hold near 165 to double bottom and reverse. Otherwise, next level down is 40 (keep an open mind :)
Up against the trendline resistance that has acted like a wall going back to March 2021. Break on either side should mark a key direction change in the market. If it can't move above 24.31 soon, growth stocks and indices will rally (atleast for a short time) Takeaway: look for bearish signal on 4H before flipping side. Trend break shou ld present great...
Downward push from the key supply levels is relentless. despite good ER, rejected VWMA and down to the recent low. I H&S pattern is emerging on the daily, if it loses 34 again, 29 is next. short is still the path of least resistance, but I'd be vigilant if I was too deep. 34 holds and it bases above for a bit, test of VWMA around 40 and the breakout is on...
clear flag break, but could base again at 20 and start to ramp. Price favors shorts, but need to watch for the levels.