Market_Psychology

Market_Psychology Updated 

H&S might be forming on ADBE. It is s strong topping pattern and indicates reversal of trend. Watch for price to drop through neckline at 92.5 with high volume to confirm.

Market_Psychology

While I am long term bullish on NVDA, this weekly bear divergence does not look good. I'm expecting a pull back to the 50 MA before resuming uptrend.

Market_Psychology

PRLB is trading at long-term resistance after a tough earnings call this quarter. This company has great growth prospects and cash flow. Long term I am bullish, and think this is a great opportunity to pick up shares at a discount.

Market_Psychology

Apple is riding a key support. Price is still in between 50 and 200 MA but if it falls out of this rising channel a trend reversal might be in store.

Market_Psychology

AWK had quiet a drop in price over the past two days. However, price is still channel bound and is currently testing the bottom. If price breaks down through blue rectangle, which is bottom of channel and support bu the 50 MA then it will be confirmation that trend is reversing.

Market_Psychology

Tripple top and bearish divergence mean IBB will likely go lower before setting new highs

Market_Psychology

Price has stalled out around 110. Bear divergence in MACD and RSi similar to spy, and other major indexes right now

Market_Psychology

VNQ has been stuck at resistance around $83. Is is about to break through. Maybe but the bear divergence on MACD and RSI does not bode well

Market_Psychology

Low volume and bear divergence. SPY is probably headed back into the blue support.

Market_Psychology

Large Ascending triangle on EDIT is bullish. So far the slanted white line has been acting as support. If this continues to be support price will eventually break through previous ATH of $44

Market_Psychology

XOM for now seems to be stuck in a rising channel. The bearish divergence on MACD is an indicator that this run up might be short lived. I'm neutral on the stock right now.

Market_Psychology

Possible inverse head and shoulders indicating that a bottom has been reached for BITA. Watch for price to break above resistance at $28-$30 with high volume to confirm. Target is $40-$42.

Market_Psychology

Price action for NTGR has been range bound since February 2016. However, bearish divergence on MACD and RSI is hinting that this is probably going to break down..

Market_Psychology

Multi year cup and handle has formed on KO. While I thought the appeal of sugary drinks would die down with the health food craze of the past 5 years, it seems coca cola is diverse enough in the USA and worldwide to sustain positive growth. I see this multi year C&H as a huge bullish indicator.

Market_Psychology

While price action drooped a lot in the past few days the basic structure of the cup and handle is still in play. I am waiting for a break above res. at $36.50 with strong volume for confirmation before going long.

Market_Psychology

in the 2 hour time frame both the MACD and RSI are showing bull divergence from today price action. I think this recent downward movement is overdone and expect to see a short term pop back up to resistance at 39.50

Market_Psychology

Possible head and shoulders in play on USOIL. If this plays out I expect oil to drop back to around $30.

Market_Psychology

After the most recent run up on Lows price failed to sustain a break through resistance set from previous highs. Good opportunity to short. Put a stop at the high from the mos recent high candle at $77.30.