Hitting resistance at 11661. Will resistance hold or break out ? Difficult to trade at these decision points with this type of volatility. Waiting and watching. Market is running in overdrive as shorts cover.
Inverted head and shoulders with a neckline test. Longer term price target for USDZAR is ZAR18 to the $.
Getting close to some form of support. Will it bounce ? Maybe a challenge of the recent market low ? If that low holds, we could see a bounce. It the low is taken out, it could get even uglier. No position until we get some resolution on the above scenario's Be nimble.
Good looking channel break with an inverted head and shoulder neckline target of $91,65 Resistance is expected at this level.
A big channel break occurred yesterday. Too big for chasing in my opinion. My will look to add a position if we get closer to $20.60
Goof looking bull flag break with a S61,11 target.
Satrix resource ETF is currently trading in a channel, but after a rejection at the SMMA 40 this could end up becoming a bear flag channel. Watch out for a possible break of this channel. Target area if this flag breaks is 5123-4736 Watching. No position.
Paypal held up well during some very volatile days. Looks like it's building a nice looking bull flag. Sitting on the sideline and watching this one. A bull flag break will open a $122,77 target.
Nasdaq is up against resistance. A few scenario's can play out: -Another leg down to lower lows -We start a consolidation range I guess data will be the determining factor. Wait and see approach. I do see some bullish signs on selective shares.
After breaking out of the downward sloping channel we are now testing this channel line again. Adding some as I think/hope this line will act as support Target if this support line holds is R67,50. Small position. Be nimble
Big bear flag broken. Target for this break is $13 000.
SQQQ reached support. This is in line with the resistance that is seen on the e-mini Nasdaq100 $NC1!. Maybe time to consider some of this as part of a long hedge play or a pure short play.
Expecting a test of the upper channel line soon. Bull/bear line in the sand. If bears get the upper hand, it's short time. Waiting and watching.
Nio broke out of a consolidation range today. If we close outside this channel this looks set to reach $24 as a first target.
STXRES reached the top of what looks like a descending channel. Some resistance is expected. Will the bottom of the channel be tested again or could we see a break of the upper channel resistance line ? Neutral right now.
If history is anything to go by, then this rally is almost up against resistance for another leg down. Be nimble. I suspect the the bulls won't make this easy for the bears. Neutral until we turn, or break.
GitLab Inc. is an open-core company that provides GitLab, a DevOps software package that combines the ability to develop, secure, and operate software in a single application. Date launched: 2014 Employees: 1,630 (January 2022) Formed and inverted head and shoulders. Wait for a $60 daily close (Break of neckline) for a long and a price target of $80. Be nimble....
Natera breaking out of a defined channel. Possible target would be gap close around $52,52