BABA has broken out and currently retesting the RESISTANCE ZONE @ 120 - 140
We can expect at least a slight pullback from here as Price action has been overly bullish the past few days + MACD is in severely overbought condition
We are expecting a soon to be GOLDEN CROSS with 50 MA crossing 200 MA
We also see a massive spike in the ADX implying a very strong...
SP futures finally closing above the previous descending resistance line on the 1D chart.
Combine this with the bullish indicator of the Golden Cross: 50 MA crossing the 200 MA
10 MA has already crossed the 200MA indicating at least, a short term momentum change.
On the Wed - 25 Jan we also see a long bullish hammer, with a long wick down indicating huge buying...
Netflix is currently down almost 50% from its all time high in Nov 2021.
Currently traded in an ascending channel since Oct 2022 and briefly broke out above with strong volume to close at 357.42 as of market close.
Now we look for some profit taking and pullback to retest the top of the channel
Buy zone is:
336 - 357
Now we have the 50 EMA...
SPX near the key resistance level @4305 that it tried to break unsuccessfully 3 times on 25 April, 28 April and 5 May 2022. This subsequently led to a continuous bear run down to the lows of 3643.
I'm expecting at least a slight pullback/retracement from here @4305, back down to 4200 to find support at the 200 Day EMA.
Buy Zones: 4100 (100 Day EMA + Previous...
Here is what ClearBridge Investments has to say about Bank of America Corporation (NYSE:BAC) in its Q1 2021 investor letter:
"Higher long-term interest rates supported financials such as Bank of America, which has shown both defensive and offensive characteristics in the past year. We believe it continues to be the least risky large bank from a...
- Triple bounce off $101 level with big reaction upwards,
- this region used to be resistance now flipped support.
- Its also the 61.8% retracement level (golden zone for a rebound)
- stochastic RSI was in oversold, now rebounding
Short term traders can look for a LONG from current level
For long term traders this is a good region to...
Semiconductor industry is poised for a decade of rapid growth, with many end products relying heavily on the essential supply of semiconductor chips and products. Automotives, mobile phones, laptops, tablets and the like all require chips to work. Amongst this industry lies a semicon giant poised to rear its head: TSM.
TSM is the main supplier of chips for AAPL,...
BABA just broke out of its
long respected descending trendline,
with considerable volume.
Key resistance level to break is 120, breaking above will mean a surge all the way to key resistance at 180
1. Buy the retest of trendline @ current price
2. Wait for a break above key resistance @ 120
1. 180 (prev key support flipped resistance)
Fantom showing tremendously strong buying pressure, with low volumes in its pullbacks.
Now we look for perfect entry from its massive pump by placing buy bids around the 0.618 fib level and 0.5 fib level zone (white box shown above).
TP at the next resistances
Levels are as shown in the charts.
Currently 0.786 fib level holding resistance as AVAX pullsback after an insane pump,
We look to LONG or BUY the retracement of AVAX to the 0.5 fib level, overlapping with the crucial support @ 103 to 98 zone (white box)
TP will be next major resistance at
Do show your support by liking and following if my ideas were helpful :...
XRP has been continuously rejected from the resistance line at the white line shown.
Double top formation formed before xrp briefly dumped.
200 DEMA could serve as additional strong resistance.
We can short from this current price down to the stronger support zones at 0.779 levels
SL above the double top formation
Xiaomi currently in demand zone where it last touched and rose rapidly to ATH 35.9
Big hammer wick on 15 Mar, buyers flooded in to reverse downtrend sharply
Chinese markets proven to be resilient, and Xiaomi is the largest phone producer in China, expanding its products into EV vehicles in the future.
This is not only a good buy, but good for long term hold...
Description as written in the chart
Rationale: 200 EMA on the 4H chart holds strong resistance for BTC after the golden crossover of the EMA, great short opportunity at the area of 45500
TP 3 times the risk
SL 3 ATR above entry price 9average true range is an indicator)