We now see a descending triangle at the top reversal pattern. The price target of such models is measured along the widest part of it (23%) and set aside under the horizontal line, that is, up to $ 118. This target is complemented by the Gap on Aug 5 '21 ($ 116-126).
Cycle analysis says a return to the bullish cycle should be expected by February '22.
I expect Beyond Meat to bounce off orange support. But there is still ≈ 20% before it. Additionally, cyclical analysis suggests a reversal from decline to rally in the second half of Jan'22.
I set the alarm when the thin turquoise line is broken, after which I will start purchasing by the pyramiding method.
Not a financial recommendation.
I will buy Biontech after breaking through the turquoise bold line. In doing so, I will set a short stop lose at 0.4% below this line and will raise it over time. Next, I plan to buy after the next thin turquoise line is broken, if the indicators favor buying.
This is not a financial recommendation.
Bayer AG at the channel support. There is hope for the end of the bearish trend that began in 2015.
Additionally, according to the cyclical analysis, we can see the completion of a cycle of 1610 days (or 230 weeks, or 4.5 years). The cycle was repeated 7 times: of which 5 times there was an increase in the share price and 2 times - a fall....
Activision Blizzard is once again at the channel resistance. Additionally, there is an inverted head and shoulders.
We can expect a retest of the Neck line at the point of its intersection with the support line (about $ 75).
According to the indicators, we have a bullish background.
I put the stop loss level at $ 69.8 (-11.5%) - slightly below the round...
Delicious situation with the Intel stock price. In 2008, the resistance line became support. And now, before our very eyes, the price will touch this line again and skyrocket !!
(not advice or recommendation) )))
PS remember about a small stop loss and a large take profit.
I wish everyone a lot of profit!
Gamestop near double support. We have a triangle at the top. According to classical technical analysis, such a triangle can be both a trend continuation model and a reversal model ... Moreover, this triangle must be broken up or down no later than 3/4 of its beginning to its top, in other words, no later than November 1, 2021 ...
Otherwise, the model is considered...
1. Price has drawn 2 diamonds (diamond in diamond) at the bottom of the increasing (purple) channel. Buy signal.
2. A cycle with a length of 756 days (25 months) is found, according to which the price is now at the bottom of the cycle. Buy signal.
3. All major oscillators and indicators are in oversold zones and give long signals.
4. It is necessary to remember...
Signals to sell NASDAQ in general and BigTech shares in particular:
1. Round price of $ 15,000 = resistance.
2. Strong bearish MACD divergence on the weekly chart.
3. Beginning of bearish MACD divergence on slower monthly chart.
4. Bull trap - upward breakout of the resistance of the double top (yellow line).
Therefore, we can expect a...
☝ KWEB - ETF of Chinese tech giants. It is traded on ARCA, but managed by a Chinese bank, so there is no threat of delisting.
Price is at the bottom of the channel. Most likely it will be a bottom and there will be a reversal up at least 50% towards the resistance line of $70 by February 2022. The upcoming bullish reversal is confirmed by the MACD-histogram,...
According to the classical technical analysis, a diamond gives a minimal correction for the height of the diamond - to $739. The maximum is a full-scale trend reversal.
However, such models are ideally viewed on the daily chart.
not a recommendation, not a tip.
At the end of August 2020, I saw that the GME price touched its historical low (the lower red horizontal line). At the same time, the "Diamond" reversal model was formed.
The breakout of the" Diamond " up on 31/Aug/2020 confirmed the reversal from the downtrend to the uptrend.
Next, I used the old-school tactic of "Measured movement" according to D. Schwager -...
We see a reversal pattern: "Double top". All the main conditions are met (volumes, uptrend, etc.). Now there is a breakdown of the "Neck" level. The theory tells us that after the breakdown of the "Neck" level, there is often a return movement to the "Neck" level, and then a further fall.
Plus, the drop is now at the 20 EMA (near $20), which often acts as a...
The main US indices - SPX ( S&P500), IXIC (NASDAQ Composite ), SOX (semiconductor index) and DJI (Dow Jones Industrial Index) have reached or almost reached the resistances of their old channels. A downward reversal of one index will pull everyone along. The "close all positions" button is ready.
SPCFD:SPX // NASDAQ:IXIC // NASDAQ:SOX // ...
We see a long-term channel (purple lines). It started in 2016. In October 2018, it was broken. Then the "Diamond" model was formed. And the growth began until March 2020. Then the price of April 2020 pushed off from the support of the "diamond" and took a course sharply up to rejoin the old purple trend.
Today we are near the trend resistance, the peak growth is...
As you can see on these charts-the price is once again beating the channel resistance (purple dotted line). Perhaps the price will have to adjust to the level of $1950, equal to the Fibonacci correction of 0.618%. There is another more positive and desirable scenario for everyone - if there is very good news, the price will be able to gain a foothold above the...