#ASX in USD has a solid support...but most Mov avgs looking lower
ADSK looking to go lower sharply.. Coy hasn't turned a profit in recent years but mania keeps pushing it higher in hope.
FANGMANIA RSI divergence once more
NAS100 Daily has a clear RSI divergence brace for big drop once . Short 7100 stop 7200
FB disaster waiting to happen! As Snap and Twitter rise, User hours drop on FB, Russian Scandal, News of CEO planning to sell $billions in stock and technical picture looking shaky under this week low of 178 where 100dma support and rising trend line is lost. RSI divergence is noticeable too. In the past a correction of anywhere between 15-25% have happened.....
No Surprise as BA Boeing usually turns in late Feb Early March . Short rally around right shoulder
RUT potential Double top at channel resistance
NAS100 short on retest of 7100 area
currently week 6 and should close below week 2 close of 10450
US30 important level . Ideally a fractal of Larger Feb low and High. So 24800 downside objective as long as under 25500
NIFTY looks toast as it tests 120DMA once again after umpteen attempts to stay above .. Big plunge possible bar a strong support at 200dma zone
ADBE showing RSI divergence . retraces from channel top.. The run is nothing but a mania since Feb 16' so Beware!
AMZN is stretched by every stretch of imagination. # Medium term and long term Fibonacci extensions fit nicely on the chart.. This must retrace back to 50dma then 100DEMA in coming months.
CSL parabolic move.. This latest run has been fastest and sharpest.. Wait and see if it stops here or goes to 170 for any short opportunity.. Hedge funds manipulate this heavy weight as others are struggling in the ASX200
$NIFTY in USD terms approaches AB=CD Fib Expansion
TITAN will benefit from PNB fiasco but first 666..