As the title says looks like a Rising Wedge is in the works for SPX
RSI is near oversold, this probably means a bit of correction as it approaches the resistance line, however, the up channel looks good for support
IM NOT A LICENSED TRADER TRADE AT YOUR OWN RISK!
Hi all im back bit rusty so if anything is wrong plz notify me !
First of all caveat emptor ( buyer beware) trade at your own risk im not responsible for your loss,
My TA shows a bear flag in the left which caused the double bottom to form at S1 a bullish signal that caused the first dead cat bounce rally in October which got rejected again at point R1 (marked...
So far SPX is in a channel up, boosted by bull flags along the way as you can see it appears to be getting ready to challenge the 2927 point however if it will be in this bull flag cycle or the next there is one way to find out,
RSI points is has a bit more room to run before being overbought so good luck all
Hi guys its been a bit,
here are my thoughts on AMD in the Short term!, so far it seems that it has formed a double bottom which made it rise to current levels, but in the process its seems to have formed a double top so it may fall.
RSI is also s dangerously close to over bought, but its still under so maybe a impending correction.
it also looks like it has...
Hello Everyone this is the more comprehensive TA on AMD
Here is MY PERSONAL OPINION ( I AM NOT A PROFESSIONAL TRADE AT YOUR OWN RISK)
It Seems that AMD has formed an Ascending Triangle Pattern and has broken out
however because of the recent gains it has ryzen ( people that know what i mean :), ) to quick for it to sustain as shown in the RSI ( on the weekly...
Hello everyone a favorite of mine for the long Term AMD 3.20% !!
my TA point to a Bull Flag only catch though its really long term at least one year b4 completion. but the pattern is gaining steam with AMD 3.20% ever increasing Market share and ever improving earnings will it Run back up to the glory 0.00% days of 44$ a share? who knows but i see this going...
Another TA on the S&P500. In my opinion I believe that the future is in a delema! after the two completed bear flags ( currently not marked out) the S&P has formed a cup and handle pattern ( bullish) after this pattern completes it will probably rise and try to break the resistance but so far this is a strong risistece hasn’t been broken to othe...
the Bull Flag is Clearly shown, i.m.o this stock is good to hold for a bit ( not to long as RSI is Reaching Overbought Areas and is currently in a channel up)
MACD is heading up.
Earnings is coming up next month so if it's anything like how the banks went take profit or hold at your own risk
hi guys my weekly TA on the S&P500
TA: Short Term Neutral
Long Term Bearish
Why? in the short term i am feeling neutral because the RSI and MACD seem to be Rising (macd getting ready for crossover) but it looks like its caught in a descending Triangle
two things can possibly happen it falls below support or the triangle fails and the S&P500 will go on...