Broke thru resistance trendline on chart and RSI yesterday ; Momentum is continuing this morning l. Premarket numbers have it right At its 50MA at 13427. It will take a lot of volume to push through that. If it can reclaim it the next resistance/target will be 13620. In my opinion , even if it climbs back over the 50ma early in the market I don't think it will...
Quick update for you to adjust your day to. Nasdaq is up 100 premarket which puts it right at channel top or "Resistance" at 13150... Let's see if it can break and hold or get rejected. Volume has been decreasing on Nasdaq all week and overall candlestick pattern indicates a bearish month for March after a bearish Gravestone doji for Feb
Being added to Cathie woods Space ETF Tuesday March 30th. Increase in volume help push it thru this 14 month down trend. At the top of the bollinger band now on the daily chart so I think it will push for Fib target 393 then a pull back and restest trend line before taking off.
Rallied Thursday and Friday, now its 100-110 away from channel top. If it breaks that would be a bull flag and I'll update. If it gets rejected we'll be making a return trip back to 12800's channel bottom or 100ma. RSI is coming up on it's down trendline resistance too. We'll need alot of volume to break through Blue line is 20ma which lines up with channel top
Completed a inverted H&S today on the 2-4 chart. It's now showing a double pattern. I'm targeting the gap close at 71.53 Yellow line was trendline dating back to 2017 that it broke thru March 5th. Fell back thru after earnings but now has risen back above it
My short entry would be a drop below 50.25 or a fall out of its channel. Targets are red lines , at 48.23 is a double top. final target is its 50 ma at 46.90 Rising wedge Gravestone doji selling volume increasing. Gold mansachs just gave this company price upgrades to 59$ and it still couldn't break out.
Bounced off trendline (White line) Thursday and broke through downtrend line(yellow line) today with more volume. OBV,MACD and RSI are all curving up. target is green line
Showing inverese cup and handle on daily chart . Support bottom held today so maybe one more trip to 240 and then an execution of bearish pattern . Target is 100 ma (Redline)
Look like its found a down channel to trade in (Yellow line). This channel could also be looked at as a bull flag. If channel doesn't hold the next support is (redline) 12864/Fib 0.618/ 100ma Points of resistance are 20ma (Blue line) 50ma (Pink line) Channel top Also if you view my RSI you'll find resistance trendline
Consolidation since Sept. Gravestone doji candlestick showing .Tried to break out today and got rejected; slumping home sales numbers that were released didn't help. Targets are fib red lines
50ma and 200 ma (Purple line gold line) is showing a death cross. Double top at 207 (Yellow line) which is also its last line of support before target channel bottom (Redline)
If you look at when the wedge pattern started that was about the time the correction started for the Nasdaq. Pattern seems to top at around 1.8 -1.9 area around end of March. It touched the top of its channel March 16th and has return to support. Support held at 1.66 which means we might see an increase back to the 1.7 area by tomorrow which would indicate a...
Nasdaq is Dangling the carrot of an inverted H&S in front of us. Let's take a look at what are our obstacles in front of us; No need to mention the 10 yr yield. Yellow line - (13034) Weekly Fib support 1.618. Blue line -(13286) 13, 21 moving average/ Daily Fib resistance 0.5 . This the nearest resistance . Pink line - (13422) 50 MA second resistance point....
Getting Added to the S&P Monday. One of the best semi conductors stocks I've traded last year. Has been getting rejected from the yellow trendline since feb12th and has now formed a inverted H&S. This stock follows the Nasdaq closely and if you look at a Chart of the QQQ you'll see the same Inverted H&S forming. With that being said alot depends on how the...
March madness + New price upgrades has pushed this stock over 20% this month so far Resistance is around the 72-74$ area. I'd consider a pattern breakout and entry over 74$. White lines are overall range it's been trading in. Yellow line is recent support area trendline that compliments the Ascending pattern but even that trendline doesn't hold and...
Soared this week with most retail store stocks. It's been trading sideways in consolidation(Purple box) since around the end of December. If you look at the RSI , you'll see it Broke its down trend line on March 16th and has alot of room to go I'll be looking for an entry above 524 (Yellow line). Any continuation on to the next Targets (greenlines) would...
Strong vol after earnings but got rejected Two days in a row at its 50ma at 30.84. Look for an entry over 31$ . Stop loss should be 50 ma Targets are green lines fibonacci