As we could see, the Russel was going sideways many months. Now we break out of the $2107 support this week. And that is very bearish. If the price will further go down and can not come back to its support level, we could have a much bigger correction (15%). This theory is pretty simple to thought, there is no important support line than $1706 because in this...
With the help of the white trend lines we see how the price had a break out of a triangle formation down to the range of 160$.
I would definitely wait for the shares go further down to levels of 150.69 (what a nice number).
IF we get a quick move upside with a strong candle there are better chances of an turnaround.
Another interesting support I would watch out is...
As we had more and more bad news and fast-growing covid cases there was a general downtrend beginning from March. Now we are getting to good levels of support to buy.
That’s my trading setup
1. Buy: 204.83
Stop loss: 203.23 (-0.74%)
First Target: 220.69 (+7.68%)
Second Target: 230.49 (+14.49%)
2. Buy: 192.53
Stop loss: 191.07 (-0.70%)
First Target: 204.83...
This one will be a complete technical analysis.
Starting point ->>> support lines 73.50$
- 72.64$ Stopploss
- 75.40$ 1. Target
- 81.05$ 2. Target
-2 support lines 74.17$+73.50$
-daily: RSI oversold (30 area) + MACD tendencies for a countermovement
-weekly+monthly MACD indicates sell down
-weekly+ monthly RSI indicates...
Today I will be analyzing Match Group. For everyone who doesn’t know this company, they are creating and managing many dating platforms one of their well-known is Tinder. Cash flow comes from subscriptions (like Tinder Plus) and other services.
-support at 129.46$ (3 times)
-daily RSI oversold area
-daily MACD indicates slowing selling...
Today I will be analysing Match Group. For everyone who doesn’t know this company they are creating and managing many dating platforms one of their well-known is Tinder. Cashflow comes from subscriptions (like Tinder Plus) and other services.
-support at 129.46$ (3 times)
-daily RSI oversold area
-daily MACD indicates slowing selling pressure
A few days ago Porsche Holding presented their earnings and today we will find out if this company is a good buying opportunity, or not.
-close to a break out above the triangle
-> strong support in the 88.96 area (->fib 0.618)
-> hit the SMA 100 several time
-> relativ % divergence between VW shares which indicates a gap upwards...
Fundamentally there was great growth in 2020 and this year.
Now I am going to list the pro and cons of this company.
-a lot innovation for example in gaming->VR, PS5 ; streaming-> Crunchyroll
Music (5% growth), electronics 9,4% , Imaging & Sensing over 10%
-right in a support field
-exactly at under trend line of the triangle ->since May, 21 +...
-trend line from July,15
-strong support at 51.14€
-MACD: MA lines extremely under average
-all SMAs above the price
-MACD shows negative momentum
-selling pressure bc of bad earnings of the gaming industry (take-two)
-seasonal summer impact -> people are more outside, fewer sales
-guidance of next...
Workday had a big uptrend since the Covid-19 Crash. But as we saw in November 2020- May 2021 there was a head and shoulders formation and price traded pretty much sideways.
-find a lot of support in the red area (9x)
-huge candle with 2 times big wick underneath (bullish)
-above 20+50 SMA
-under 100+200 SMA
Yesterday I put my main setup on the Activision Blizzard with SMA 20,50,100,200; Horizontal Ray and the trendlines.
Many would see that in the past the price often had support at the range of 89-90 Dollar and would think that the share price would jump again including with the SMA200 support.
But with implementing the Trendline-Function by connecting dots of...
Head And Shoulders Pattern (not confirmed)
At the moment we have the 400 SMA support and right below that the 220.56$ support line (neckline).
As long as we have no closed candle under the neckline we don’t need to worry about lower prices.
If we get a closed candle under the neckline we could have a bullish-to-bearish trend reversal.
I picked the timeframe of the superior uptrend and downtrend of Momo and draw the same sideways formation before the big jump 2015-16.
And what a surprise, there are similarities about the price action.
1. IPO prices sinks
2. Rises back
…and so on
Momo is a free social search and instant messaging mobile app for Millions of Chinese people. The app allows users...
The chart looks extremely annoying, having lots of small candlesticks (->no Momentum=no trend).
I would recommend to watch for high volume plays.
As always I draw my expectation on how the stock could move in the future.
Try to use the triangle and SMA 200 to find trading opportunities.
I think its very likely that the stock will blow up in Mid-September.
In the meantime you can slowly build your position or make some trades in the range.
As we are going to the next week‘s earnings, there are a lot of company to watch. One of them is Tesla tomorrow on the 26th July.
So, in general, I am optimistic about higher prices based on the current chart:
1. Higher highs and higher lows (from Mid-May) which indicate that an uptrend is occurring
2. Break out of triangle (white lines)
3. 200 SMA Support
TELADOC is looking good after the companys stock crash 30%. TDOC is slightly under the 200 SMA. Also, RSI and MACD are showing overbought momentum meaning a great short to long-term trade. I think we will see a bounce back as the stock has still a wonderful future with a lot of growth and imagination to make new tops.