The previous attempt a year ago ended at 6973, just a couple Yuen shy of the 7010 high. This scenario is very unusual and could end badly for the stock if it fails a second attempt. But there's good news. On the 'daily' chart you'll see a clear ' diamond continuance ' formation which started on July 8th and ended around August 28th. This rare formation is an...
AMD to skyrocket if the 2006 high is broken (a must!). If it does, next target 46 and on to 55+. AMD's technicals are super bullish from "A through Z".
Still with upside potential of 34-37 until Spring 2020, TWTR is bearish long-term to 24 with lows of 22 (or lower).
Bitcoin "up or down" shouldn't be a discussion at all. As long as it consistently creates lower highs and lower lows , you're looking at much lower price levels, period.
– PSAR charged & ready to pop – will hover around 1500-1600 until Feb/Mar before rally to 1700+
Easily in my Top5 picks right now, right next to AMD. Beautiful technicals for the past couple years, but especially at the present time. This stock could be trading at 300+ mid next year if the markets don't fail within that timeframe. I've known this company for many years never knowing that she's trading on the US stock market (thanks for the tip-off @HHSPN)....
This week's candle closed strong indicating a continuation of the rally, possibly trying to reach for 1400 next. You need to be aware of one issue (marked pink). A distinctive failed reach for the upper formation trend line is a sign of weakness. This could lead to a breakout above (already happened) followed by a sharp reversal around Spring next year. This is...
BTC currently best viewed on 4H with a multi-week formation coming to an end. Watch out for RSI breakout above or below as your primary indicator. TECHNICALS: – consistently creating lower highs and lower lows – RSI neutral currently – MACD bearish – ADX bearish – Heikin Ashi neutral to bullish – PSAR bearish Going to 6k if broken below the...
As of now SPY is still considered bullish. There are two distinct paths from here on through the holidays. If the stock doesn't break the ATH before December 27th, it is highly likely to go sub 300. Breaking the ATH in said timeframe could send the stock flying to 325-340. If the stock closes below the first guide-line, it is likely to cross the second guide-line...
Analysis per request: The performance of this stock is beautiful (technically speaking). It's clearly bullish but a little difficult to find an entry point currently. The stock still needs time to form a new base from which it can continue further up. Simply watch the lower 'monthly' PSAR break for a quick consolidation and it will be ready. It has the potential...
If broken out above line 'X', measure +10 points from the point of breakout to your next target.
As long as the current 'weekly' candle touches or crosses line 'X' at around 262, you're in for an extended rally. Optimal would be closing this week above 260 for a risk-free continuation.
– strong-buy above 267.16 - strong-sell below 260.40
DASH has broken below its most critical support level, this labels the stock bearish throughout. Technically can go as low as 30 but is likely to consolidate at the intersecting levels. Once there, we can reevaluate.
Broadening Wedge or Falling Triangle? (lines and connections have been averaged using step-line over log for higher precision)
(chart self-explanatory / lines and connections have been averaged with step-line over log for higher precision)
This massive 'monthly' triangle exit is 'perfect' by all measurements. It is unlikely that we're ever going to see current levels again, or for at least 6-10 years forward if the assessment is pure 'technical'. Technical Forecast: Gold prices are expected to bottom by December this year, which indeed could be the last bottom. The 'monthly' chart...
Ethereum has created additional weaknesses in the past 2 months leaving the 'weekly' PSAR-series unbroken, while dropping below important support levels. – ADX clearly shows assets leaving the stock – RSI trajectory is very weak throughout major intervals – MACD has re-entered negative territory – The stock is consistently creating lower highs and lower...