The megaphone structure has completed the 5-wave structure and is likely to enter into the next phase of the bullish upside after a morning star candle formation is seen rebounding from the demand zone at 124.95. To add, the inverted head and shoulder pattern is indicative of a bullish reversal pattern.
Potential cup and handle information and we have a two strategies approach to it. One is to play on the breakout of the resistance at US$147.44 and wait for a retracement back to the demand zone at US$139.22
MSFT had a bullish hammer yesterday at our key support zone (244-247). However, I'm not confident of a bullish break and as such, the maximum target I think msft will reach is 264.20
Nextera's upside is ongoing after prices has been sustaining above the kumo, thus confirming the three bullish golden cross formation. Ascending triangle is also hinting of a potential break.
Crowdstrike holdings may embark on a mid-term upside after a diamond bottom was spotted. Furthermore, the bullish upside is confirmed by the ichimoku’s 3 bullish golden crosses after the candle has trended above the senkou-spanB and the last of kumo bullish twist has happened. DMI shows a rising positive DM (blue) trended above 25 and with rising MACD confirm the...
ABBV has broken out of the falling wedge and with that, it confirmed the terminal end of the correction. With the recent cup and handle formation, we think that a bullish upside may come however, Friday's shooting star is a concern and as such, we will place the buy order at US$156.90 to confirm the breakout trade. Another strategy we have in mind is to wait until...
Tesla is marred with strong bearish sentiment and despite forming a potential double bottom with a bullish harami, the stock's momentum is lacking. DMI shows a trendless situation, MACD slowing momentum is seen. As such, the upside is likely to capped at US$768 level. Main rebound remain at US$506 and US$432
1.) Despite forming a double bottom and a bullish harami bullish pattern, the potential upside remain sluggish. As such, there will be a potential tough resistance at 11.00-11.15 resistance level. 2.) Should price breaks 11.15, the next target will be at 13.50 in the mid-term.
PG rebounded with a tweezer bottom and a piercing line candle. However, we expect some resistance at US$157.02 region.
Coca Cola is heading for the upside as the consumer staples remain strong in this turbulent times. As such, we are aiming for a short-term upside towards US$66.00.
Prices remain stong from the hourly chart. Hence, we are seeing potential upside.
Observing from the descending channel (green line) we could see that it is a fractural kind of pattern in the corrective wave settings. Furthermore, we have been in a larger complex triple three waves and as such, we believe that the upside is returning. On the chart pattern front, inverted head and shoulder is seen and with the resounding morning star pattern,...
I think the SPY is likely to have a Dead Cat bounce as the rally is due to short covering. resistance zone at 50 and 61.8% Fib retracement levels are likely to be rejected.
Bank of America had a strong rebound yesterday by forming a bullish engulfing candle. Furthermore, it was supported by the RSI bullish divergence and oversold signal. More importantly, the falling wedge formation is indicative of a potential bullish upside.
Weakness in momentum is observed after prices fails to break higher despite an engulfing candle on 13th April. Hence, we are planning to buy at the next immediate support at US$951.57
MSFT is heading for a potential bullish upside after an inverted head and shoulder was formed. Bullish harami was spotted on the right shoulder. A break above US$289.73 will solidify the bullish upside.
UMS Holdings' bearish downside may have found it's bottom after an inverted head and shoulder pattern was spotted. Furthermore, on the right shoulder, the bullish morning star formation is said to be a strong bullish rebound.
The SPDR S&P 500 ETF (SPY) has rebounded and broken out of the falling wedge. Regardless of whether it is an impulse wave or corrective wave, current price action indicates that the stock is on a potential upside as a bullish engulfing candle was formed near US$441.04 support, indicating a bullish upside. Furthermore, the engulfing candle has closed above both the...