THE CONSISTENT TRADES analyze EL as a bearish /weak fundamental stock and therefore would be traded only in a short position. NUS is in a triangle and is close to all major MA which could be an indication of a strong move soon. A breakdown below the red dotted line would be triggered for a short position. Volume is for now neutral. Price is above all major MA...
THE CONSISTENT TRADES analyze EL as a bearish /weak fundamental stock and therefore would be traded only in a short position. EL is in a rising wedge for some time and did find resistance in this area which was supported in April 2022 and then several times the resistance in the rest of the year. A breakdown from a bearish pattern would trigger a short position....
THE CONSISTENT TRADES analyze DEL as a bearish/weak fundamental stock and therefore would be traded only in a short position. DELL is in a symmetrical triangle and is near the end of it which could indicate a strong move sooner than later. Break down below the red dotted line would trigger a short position but only if the market turns negative and start its leg...
THE CONSISTENT TRADES analyze FOUR as a bullish /strong fundamental stock and therefore would be traded only in a long position. FOUR after a strong move up it found resistance at 66 even dollar amount. Now it is consolidating around 64 dollars. A break out of tringle would be a bullish and fast move. Volume is strong and Friday's move indicates the price wants...
THE CONSISTENT TRADES analyze PARR as a bullish /strong fundamental stock and therefore would be traded only in a long position. PARR had strong two bull weeks behind itself. It found resistance at 28 and is basing now. It needs to continue consolidation on this level for the continuation of the future bullish move. Volume is fine for now and it needs to...
THE CONSISTENT TRADES analyze AXON as a bullish /strong fundamental stock and therefore would be traded only in a long position. AXON had two very strong weeks behind itself. Price found resistance at the recent top and start to consolidate on this level. Volume is increasing which is not the best option for the bulls but is not bearish for now. Only a...
THE CONSISTENT TRADES analyze CROX as a bullish/strong fundamental stock and therefore would be traded only in a long position. CROX had a nice and strong move up and after extremes in RSI and MACD it cool down. The top of the leg which finished with a bearish reversal candlestick pattern Shooting star was on lower volume which indicates there is not real drop...
XOM is a bullish/strong fundamental stock therefore would be traded only on the long side. XOM is inside ascending triangle which is a bullish pattern. There is strong resistance at 114$, With the breaking of that price we would break out from the pattern, and also we would break the last high which would be very bullish. XOM is above all major MA which is...
ORCl is inside of a big rising wedge which is a bearish pattern, and inside of which is a smaller rising wedge. A day before we had the Doji indecision candlestick pattern and today we confirmed a drop, therefore, it got a sell signal. Volume is not confirming price action as it is below 20 days., It is above all major MA which could be bullish. RSI is in...
MSFT daily is at major resistance and is due for a pullback. The day after that report it has a strong powerful volume but it was on leg down which is more bearish than bullish. Last two days price move up while volume didn't which is more bearish than bullish. It is above 8, 20, and 50 days MA but it is still below BigRed which is neutral. Volume is not...
-XLF daily what a move today. First, we gapped down at open, then we fall, then buyers came in and drive XLF to 0.6% up, but then the price hit major resistance, neckline, and drop hard on strong volume. The last hour's volume was a huge drop and the volume was like 4 hours before together. When I checked 1 H candle I can say retailer traders played the whole day...
SPY after an extended run-up yesterday made a bearish reversal pattern hanging man and today formed a bearish reversal pattern shooting star. Last two days, the bullish day was not confirmed with the volume therefore can't be taken into consideration as a legit and healthy bull run. SPY is above all major MA and that is bullish for sure. Volume is weaker on two...
QQQ finished the day very strong on increased volume which is bullish for sure. Tech stock is on fire led by TSLA's good report news. The day finished above BigRed which is very bullish. However, it is at the resistance line at the moment. Volume is confirming price action as it is rising last several days with the price. It is finally above all major MA which...
EBAY breakout of the symmetrical triangle which was inside of the down channel is bullish. Breakout was on bigger volume and was also breakout through BigRed 200 days MA which is also very bullish, and now is forming high base formation just right after its breakout. Friday's price action wasn't confirmed with volume as it was below 20 days average. It is above...
SHLS is a bullish/strong fundamental stock therefore we would trade it only in a long position. SHLS daily is in a symmetrical triangle which is a bullish pattern. Friday finished strong with a big volume which is bullish. Laso hammers out from 50 days MA and it looks like a possible bull pullback pattern. SHLS is above all major MA which is bullish. Volume is...
SLV weekly is at major major trendline which was formed and act as resistance in 2011. The possibility of breaking above that line at the moment is not big. Volume in this whole leg is dropping and dropping which is an indication of a fake up move. RSI is way overbought. MACD histogram ticking lower while the MACD line starts to turn and it could soon start to...
SLV is at top of the huge symmetrical triangle. A few days ago it break down from a rising wedge which is a bearish pattern. On 23 and 24 it restest trending of that rising wedge, but support became resistance, and SLV got rejected hard. At the moment SLV is making a bear pullback will nice opportunity for a further drop. Volume is confirming price fall as the...
GLD daily is also at resistance, the same as GLD weekly which make even more pressure on the downside. GLD drops out of a smaller rising wedge which is bearish and is still inside of a big rising wedge which is a bearish pattern. GLD formed a bearish reversal pattern at the top, Hanging man. At the moment it is basing at a high which could be bullish if pops...