Head and shoulders pattern identified on the weekly chart.
I will be watching for a break or retest of the 52 week low or a break and hold above 47.50.
A break below the 52 week low would confirm that market participants want to take the stock lower. However, a break and hold above 47.50 would confirm that participants are interested in taking the market...
Replay of DG's Price Movement & Volume -13 October 2023
Dollar General (DG) gapped up and was up 9.16% on the day. DG's volume was nearly 3 x's the amount it was over the last 2.5 weeks.
Daily Levels & Fibonacci Levels
*The .38 retracement level on the daily is in confluence with the 116 daily level on the chart. The .50 fibonacci retracement level...
Wal-Mart (WMT) has a falling wedge on the daily timeframe. The stock closed above the 200MDA 2 days in a row (last Thursday and Friday)! On the second day it also closed above the 50MDA! Last but not least, the second day closed with more buying volume and pressure than the day prior. Also, the upper trend line of the falling wedge pattern, was touched three...
A falling wedge pattern was identified on Target’s ( TGT ) daily timeframe . The activity from Friday shows an increase of buying pressure. Furthermore, Friday’s (24 MAR 2023) candle shows strong interest from buyers with the bounce off the lower trend line .
AMEX:IWM 50 MA crossed down the 200 MA on the daily and 4H timeframe. The daily chart shows a lot of sellers. IWM also made lower highs on the weekly timeframe. Also, the exchange traded fund is resting on a trendline that it's maintained since March 2020! If we break down below 170 and it holds, IWM should see more downside. The weekly chart shows an increase...
Will ZIM Ship Up?
ZIM has a falling wedge pattern on the daily timeframe!
A cup was also identified inside of the falling wedge pattern. The stock looks prime for a move to the upside after we form a handle to the cup that formed just under the daily resistance line. I expect a handle to form in confluence with price rejection at the trendline.
Running Low On OXY?
I believe we will be "running low on oxy" over the next few days or weeks.
A head and shoulders pattern was identified on the daily in confluence with 2 rising support trendlines. OXY broke below the neckline of the head and shoulders pattern on Friday, February 3, 2023. Furthermore, the daily chart shows an increase of sellers at the break...
COIN recently made a new 52 week low!
A descending triangle pattern was identified on the daily chart. Price broke below the lower trendline of the pattern.
Also, a falling wedge pattern was identified on the one hour chart. COIN traded in a tight range Friday and closed in the supply zone .
CME_MINI:NQ1! A Head and Shoulders pattern was identified on the 4H timeframe. This pattern was identified in confluence with a bear flag pattern on the 1H timeframe. Price then broke just below the flag. I believe that NQ will see more downside. After I zoomed out further, I noticed that we spiked from a demand zone November 10, 2022. Perhaps NQ will retrace...
TJX ended the day with a shooting star on the daily in confluence with a rising wedge pattern.
I plan to short TJX after a break below the head of the shooting star and the 1H trendline (for a safe entry). I will more than likely enter a small swing position to catch the move.
Short float % is 0.95% as of 15 November 2022. Please be mindful that...
Does Pepsi Drinks Come With An Inverted Head & Shoulders?
No of course not! However, the daily chart for the global soft drink has an inverted head and shoulders on the daily chart.
PEP closed above the neckline of the pattern! Also, PEP has 4 touches at the daily trendline (immediately above the neckline). I set an alert on the neckline and at the daily...
Bullish divergence on the daily chart!
A bullish divergence is a high probability setup. The RSI & OBV indicators made higher lows.
In my opinion, Google will make a decent move over the next few days or within a few weeks.
It is my prediction that, Google will make a decent move over the next few days, or within a few weeks.
Peace, Love & Abundance,
J.P. Morgan Chase NYSE:JPM has bullish divergence in confluence with a falling wedge pattern!
-Bullish divergence was identified on the weekly chart.
-The falling wedge was identified on the daily chart.
Peace, Love & Abundance,
Q's (QQQ) Look Right for a...POP!
I spy a falling wedge and a higher low on the RSI indicator!!! Q's look ripe for a pop! It'll be nice if we open above 275.7 on Monday (Oct. 24, 2022).
Also, the 5MA crossed up the 10MA on the daily and is approaching the 20MA.
Therefore, my bias on QQQ is bullish.
Peace, Love & Abundance,
Wal-Mart Appears Prime for a Run to the Upside!
Patterns Identified- ABCD and an Inverse head & shoulders pattern on Wal-Mart's (WMT) daily chart!
I expect a break of the neckline over the next few sessions. We popped above the trendline today and came back inside the triangle. Also we closed slightly below the zone (see screenshot below).
My next entry on...
Target With A "Bullseye"?
I've identified a falling wedge pattern on Target's daily chart. Also, the RSI indicator shows higher highs and higher lows.
Short float % for TGT was at 2.02% at time of this post.
TGT is a good candidate for a swing. I have my "Bullseye" above 159 or at the break of the upper trendline.
*This is not financial advice.
Don't google 103! What I mean is, I like Google NASDAQ:GOOG above 103.
Why is 103 significant to GOOG? Level 103 is significant because it’s above today's close, today's HOD and the 20 MA (SMA + EMA). We also have x3 touches at 102.72! Therefore, I expect a break above 103 (with volume) to break the upper trend line of the falling wedge pattern...