Hello guys, I am currently in Hong Kong so that I will do a few stockpicks for you after the Chinese lunar new year. Skyfame Realty (0059) is an undervalued stock, according to VectorVest. Its value to be 7.32 by VectorVest calculation yesterday. Let's see some previous history data: 01-Mar-18 RT: 1.72 28-Feb-18 RT: 1.76 27-Feb-18 RT: 1.50 26-Feb-18 RT:...
Hello traders, I am still enjoying my holiday trip overseas and I now borrowed my friend’s computer to update some charts to tell you that I am still trading with you. As you see the double tops on daily chart, the sell-off consumes but remains uncertain at this moment due to the support upward trend line (blue dotted). On the other hand, the Kijun-sen remains...
Technical analysis on different methods side by side is fun. It creates you a lot of ideas. Technically, AUD/USD will hit the mark near 0.7816 which is a very strong level suggested by Ichimoku clouds, and Fibonacci Retracement 50%. I will show you a weekly chart later to give you another point of view and a bigger picture. Let's compare the previous strong...
Traditional Analysis (Left chart) Price is stuck at the strong S/R level 7664, and Fib Ret 50%. Most indicators shows some bullish. Bulls day-traders may consider price is running inside channel. Ichimoku Analysis (Right chart) Please note parameter changed into 6,12,24,26 for 1H chart. The four candlesticks come out from the red clooud, and their supports are at...
From the left chart, the upward trend line cannot hold, final target to reach 474. From the right chart, we may refer to the previous green cloud. Support zone is between 503 & 573
MACD crossover UP in 1H chart Let's see if it could retrace back to Fib 50% level. Will it be a bullish hammer at the end of the day?
From the left chart, we still see some upward support trend lines. The overlapped level (Fib Ret 78.6% = Fib Ext 100%) will be another major support at 4787. From the right chart, Ichimoku analysis has no signs of support level by projected red cloud. But we may refer to the previous green cloud and Kijun-sen. Support level is near 4700.
Is buy & hold a strategy for penny stocks? Some says yes, some says no. The answer really depends how skillful the investors are. In this penny stock example, buy and hold is definitely a poor choice. A 30% gain in 171 days VS a 255% gain in 80 days. I pointed out many alert positions. Please move your cursor to the blue spots. These alerts tell you to think...
We had a strong buying power near 7600, but we cannot confirm it is a LONG position unless the following conditions meet: LEFT graph 1) 8 & 20 EMA crossover UP; 2) Price pulls back to 20 EMA and form a Higher Low. Afterthat, breakout the blue triangular zone and pull back to the blue trendline; RIGHT graph 1) A projected (26 periods) green cloud forming; 2)...
WARNING: THIS IS A LOG SCALE GRAPH 150 EMA seems like an important MA in BTC/USD log scale graph. The current price action has already dropped under it. As usual, it is looking for another support. This approach is simply using Fibonacci ratios. Watch carefully how Fibonacci channel works on this graph. Each level shows different supports and resistance many...
1st graph (the far left), Price tends to hit the support upward trendline today. 2nd graph (midde), Red cloud is getting thicker, and created a very strong resistance level at $14444. 3rd graph (the far right), Fib Channel 61.8% crosses Fib Ret 61.8% is so critical.
Cryptocurrency Market Capitalizations Rank 54 Kyber Network (KNC) Skywatchers are in for a rare treat tomorrow (Jan. 31): a Blue Moon, a total lunar eclipse and a supermoon all at the same time! Oops, we are traders, not skywatchers, but we find KNC/BTC 3.12% has a potential to reach its blue moon. An ascending triangle structure is forming at this moment....
Cryptocurrency Market Capitalizations Rank 48 Gas (GAS) 12H chart on the left shows a double tops structure, while the right ichimoku chart's chinkou span shows a very strong resistance level at 0.006429. ADX indicator shows +DI line falls, ADX line hooked and crosses over 20 confirms a new trend. (i.e. bearish) Stoch (14,3,3) shows overbought The possible...
Cryptocurrency Market Capitalizations Rank 16 VeChain (VEN) VEN/BTC is forming a descending triangle pattern at this moment. If the thin yellow support zone could not hold, the possible price would fall into the thicker yellow support zone which is near Fib Ret 61.8% On the other hand Ichimoku analysis does not say it is bearish. It is because chinkou span...
Cryptocurrency Market Capitalizations Rank 74 Cindicator (CND) CND/BTC is forming a falling wedge pattern at this moment. We are waiting for a breakout with significant volume for an entry, stop loss to be set under support level stated by Ichimoku analysis. Therefore keep an eye if the falling wedge pattern breakout happens near 0.0002500 Good Luck
Cryptocurrency Market Capitalizations Rank 35 Walton (WTC) WTC/BTC is going to retest Fib Ret 23.6% level again due to the formation of H&S pattern at this moment. The Fib Ret 23.6% coincidently the same support level of the green ichimoku cloud. Therefore keep an eye if the H&S pattern breakout happens near 20 EMA. Good Luck
For someone who doesn't know RT indicator: RT is a VectorVest technical indicator that computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00. RT analyzes a stock's price trend. LVT.AX has a...
For someone who doesn't know RT indicator: RT is a VectorVest technical indicator that computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00. RT analyzes a stock's price trend. Z1P.AX has a...