Biotech has been hammered since Feb 2021. This ETF is still down 50% + from it's all time high. It formed a double bottom and now a small bullish flag. Target is 97. Longer term 122,134
Channel support on the Satrix Resources ETF seemed to have held. Possible target could be the top of the channel. I have a position. Be nimble in these volatile markets.
$159 needs to hold today, or $130 could become a target.
Waiting for a break. Act on what you see, and not what you think will happen.
Coupang is a South Korean e-commerce company based in Seoul, South Korea, and incorporated in Delaware, United States. Founded in 2010 by Bom Kim, the company expanded to become the largest online marketplace in South Korea. Coupang broke through $14 on very good volume. If that $14 level holds, then $18.77 looks like a possible target.
This looks like an inverted head and shoulders. The neckline was broken at R16,28/$1. Target for this pattern would be R18/$1 Bad news for an already beaten and battered economy.
Could be another bear flag, or something else. Time will tell, but the best guestimate here is another bear flag with a $8900 target. Watching
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA testing technology, with a focus on women’s health, cancer, and organ health. Looks like some consolidation in a fixed range from March this year. A break of $41,60 level would be considered bullish with a possible gap close target of $52.50
The fund invests in the 15 largest financial companies listed on the JSE, ranked by investable market cap. Head and shoulders formed with the right should on top op the 200 day moving average support line A break of this support could see a price target of 1239. A long way down.
Ethereum reached a bear flag target around the $1070 region and seemed to have created a bullish engulfing candle at the bottom in the process. $1700 could be a target for a bounce. Be nimble.
Fib retracement & down channel points to a bounce that could extend to 13500 before resistance is reached, and then with some volatility and difficult trading conditions could extend to 13850. Downside could then prevail.
Hoping to see a test of at least the top of this down channel @ around the 4000 level. My view is that this could possibly be reached if we see further strength in this bear market rally and the USDZAR plays along. I have a position. Be nimble. Don't fall in love with the upside.
Massive bear flag break with a $25 000 target. Nice round figure.
Best guestimate to where this relief rally (in a bear market) could extend. 14000 - 14285. That would be a 50%-61% retrace of the recent high.
Starting July 2021: 1. Nasdaq 100 E-Mini continues uptrend and then loses some steam to test the multi year uptrend line @1 (red line). 2. Support holds, and buyers come in volume to push the Nasdaq to a new high @2 3. Nasdaq 100 E-Mini goes lower to test the SMMA 40 twice before attempting a new high. It fails to reach a new high @3 and in the process creates...
Lesson to all (including myself). In volatile markets adhere to what TA is telling you. The fake break (circle) indicated fading strength. This was followed by huge weakness in a very short period of time. It looks like we're on a bit of support right now. It would be interesting to see if support hold.
Has the UK 100 Index reached a double top ? Beautiful chart that could spell some downside. Nothing cast in stone, but it will be interesting to see this one play out.
USDZAR has been trading in a defined down sloping channel for since November. Top of the channel was R16,37 and the bottom of the channel was R14,42. ZAR strength I think was mainly driven by a strong commodities run as well as a weakening $. Current price is up against resistance at the R15 level and it remains to be seen if this level will hold, or be broken. If...