Hello traders, CCL is continuing the rally and we are seeing a hidden continuation divergence in making. I am very optimistic on CCL from a technical and fundamental perspective. The moving averages look very healthy and looks like we are heading for a rally. Cheers!
Hello traders, during my trading experience I have seen many securities bottom. When a security is depressed and it forms a bottom formation the formation is very similar to a fractal making a triangle. While making a triangle it tends to be very extreme -frequently breaking highs and getting back to lows- hence creating a fractal with large swings. I have been...
Hello traders, Moderna has been gaining traction and is a good buy. Vaccines will bring in streams of revenue and Moderna is creating one of the safest ones. From a technical perspective this is bullish pattern. Moderna could hit $100 this year. Goodluck!
Hello traders, we can see that TLRY is testing the lower channel of the ascending triangle. While the recent news on executives being sued and market dropping had led to this recent drop; I believe TLRY will be able to handle these chain of events. With earnings season around the corner and record pot sales. My outlook is bullish.
Hi traders, As we can see TIlray has been holding support and rallying with other cannabis stocks. From a technical aspect this is bullish on the lower timeframe. We also need to consider fundamentals. Tilrays fundamentals are not looking so great, this company has a budgeting problem, however they have been growing their revenues at a very promising rate. I...
Hello traders if you haven't looked at my previous analysis check it out. This further confirms where we are heading. I'm expecting a short lived pump tomorrow on Trumps tax news. Then a brief consolidation. During the consolidation it is a good time to short. Good luck and happy trading. Target 2.618
Get ready for a volatile ride. I believe we will be correcting and stocks will remain volatile for a good time. If we break the trend line in red then SPX will be in trouble. Its too soon to speculate about a recession but i believe with the current coronavirus "pendemic" companies will miss earnings and there needs to be a good catalyst to change the direction of...
Hello traders, the gold chart is very bullish. a good entry is 1664. bullish regular divergence can be seen from the pullback regaining momentum. Expect to some profit taking around the 1720. Good luck and have a nice ride.
Hello traders, it seems to me that in the short term ETH is looking weak. The pattern as we see it looks like a head and shoulders pattern, and we are at the right shoulder. If ETH falls a five wave pattern will be completed (we are at wave 1) . Trade safe.
Hello traders, the Dow is rallying and everyone is fueled with euphoria.We all know what goes up must retrace back down :).
Let me give you a introduction what these lines mean: The upper band which i have added is derived from a fib confluence zone as an area of resistance, it also happens to be the upper band of the channel. Its significant because we use it...
Hello traders, as you can see in the chart, I set boundaries for the RSI. It seems that Facebook is having a rally, however, i suspect a bearish break downwards. If you analyze the rsi the pattern will become obvious. Good luck and trade safe :)
Hello again traders, and I hope you are as excited as I am for the market to open.
I have calculated the support and resistance using fib confluence.
BABA is a long term buy. Ride the swings.
Hey traders, we are looking at the chart of BABA. Ive outlined a strong short term resistance at $148. As you can see, there is an Ascending triangle formation and we are right under resistance. BABA has to break this key resistance or it will go back to the $149 - $150 range. I think today we will close lower and stay in the range. I personally think BABA is a...
Finally, we are witnessing some movement from BABA. There seems to be cooperation from China regarding a trade deal. I took a look at the charts and have marked three key resistance areas using fib confluence.
expect the prices to rise. The market didn't react much to Alibabas singles day sale due to the dark cloud of the trade war. I...