Realamh

Realamh Updated 

This is a significant event for Macy's share holders. Macy's finally broke out for the first time in 6 years that started in July 2015. The significance of this breakout would make it a complex event and there should be a retest of this monthly trend line. The RSI is at the 70 level in the monthly chart. The volume has been decreasing since June 2020. All in all,...

Realamh Updated 

In short, they most likely bounce from this level for a short time, but whether they continue their bull run or not depends on price action in the next couple weeks. I have some remarks on the charts that might help following up with their moves. The RSI for all three companies are in oversold area and historically we have seen them move back up when they hit 30...

Realamh Updated 

Ford is on a strong bull run and should hit 18.30 soon but more interesting is monthly chart that shows Ford has broken out of it's 30 years long bearish trend! So how is this relevant? This fact tells us that this run has the potential to hit 26 and 40 at some point. But the short term goal is 18.3 and we are on target. Is there going to be some pull backs,...

Realamh Updated 

The recent uptrend started on October 31st and was strong enough to break out of the first down trend (labeled as "Cleared"). After a huge pump in volume a new downtrend within the uptrend (bull wedge) began to form but the volume is decreasing and that's normal in uptrends. So the most likely scenario is labeled as #1. But we need to see higher volumes when...

Realamh Updated 

On weekly chart, we are right on the trendline but the volume on daily doesn't quite support a reversal. So is this a dead cat bounce? The weekly trend line is a stronger indicators than the volume of daily chart. Looking at the Fibonacci levels, on daily we should bounce back to 249 which is the 0.5 level but it would be 0.23 of the weekly. If the green volume...

Realamh Updated 

Tesla is forming a double top. Volume profile and RSI support this hypothesis. Volume has decreased and RSI is overbought and at the same level compared to the previous high. First drop is 10% to around 760-800 I also predicted this recent bull run in my previous analysis of Tesla:

19:18

Realamh Updated 

Volume represents the total amount of trading activity in that market for that timeframe. The volume is an indicator of great importance and helps us with crucial information on selling or buying the stock. General rules: Volume is an independent variable from price. Volume typically goes with the trend. For example, in a bullish cycle, the up volume is...

09:03

Realamh

Cup and Handle (for less volatile assets): 30% bull run before reaching the first high. 10-30% drop to the bottom of the cup. 10-15% drop to the bottom of the handle. Length of the cup should cover more than 50-100 bars. Bottom of the cup should not be a V shape. (deal breaker!) More than 50% deep cup is a sign of weakness for the pattern. Handle cannot...

Realamh Updated 

At this point, the price action is too predictable, which makes me wonder if this 4th run is happening or will go down with a classic double top! Institutions are now in control and since the fear of inflation is out there, they should protect bitcoin from repeating its history. But these people don't run a charity organization and will pull the rug as soon as...

Realamh Updated 

We saw XOM gone up since my previous analysis but now it's forming an ascending wedge and might come down a little. The MACD and RSI also support this to some extend. Could it go a little higher before the drop? sure but the target is there. Check it out.

Realamh Updated 

Numerous growth stocks are soaring after market chilling about inflation concerns. AFRM broke above is weekly downtrend and has beat its 20 day high with massive volumes. Target 80.

Realamh Updated 

Well played, Virgin Galactic! SPCE is far away from being done. Another 23% down to 23 is expected in the incoming weeks. I'm expecting the gap from May to be filled before our next move up. Those who bought this at the top thinking it will go to 80, like I said in my previous post, the run to 80 will happen but should take some time. The company has proven...

Realamh Updated 

There are 3 support levels along the way. And if they don't hold up, W should go back to 200 sometime in September.

Realamh

Let's see! Weekly charts shows that we are right at the trendline and the bounce we saw today could be a bull run continuation signal. But, on daily we can adjust the trendline and argue that price has not bottomed yet and has another 7% to drop before any real reversal. For a reversal to happen, we need to follow the volume profile drawn on the daily chart for...

Realamh Updated 

Tesla broke out of its trading channel and above a major resistance line. The volume seem to be increasing and should have another green candle after this unless this was bull trap. If the price goes back into the trading channel, it would hit the lower boundaries in the next few days, but if forms another green candle, there is a good chance we hit ATH soon. But...

11:54

Realamh Updated 

Support and resistance lines represent a concentration of demand and supply sufficient to halt a price move, at least temporarily. They are risky areas to buy or sell for beginners, but give clues about reversal in conjunction with other indicators. Steps to draw support or resistance line: Find the correct time frame Include 300 - 600 bars Find major...

Realamh

This is a strange and complex relationship. So let's delve right into it! In my previous study of Bitcoin and US10YU, I mentioned that the "Crypto-market is reacting to the global market and appears to be predicting the future of the stock market by moving their funds in and out of the big crypto." But this relationship is evolving! Now, let me explain: My...

Realamh Updated 

Apple is at the top of its trading channel and seem to have been rejected at 156. Now the question is whether it's going to go sideways for a while or it's time for a drop to 137?