Shares drop to new annual low but money flow index showing positive flow which means negative divergence .. if earning better than expected then we can see small bounce to 1.62% fib at 48.7 which is key point .. if touch it then drop it will continue to fall down targeting 42 then 36 or lower
The Goal for long term is to fill up the gap at 68 but currently we are looking to open upper than down trend and start long uptrend targeting 58 then 68 of-course earning report will determine the future of these shares but looks like its already corrected and started uptrend even for short period .. 2 important resistance which are 40.4 then 46
Long weakness for most indicators reflect weakness of shares even after make new annual high stlll RSI showing weakness , volume during recent drop increased prior to earning reports which should be a bad sign . now stopped at the edge of up trend for this year if close below it again this will be confirmation for long bearish trend ..
RSI positive and in buy limits also MFI and stochastic . BIDU shares dropped hardly from 160 begin of 2019 to 93 lowest this year . even the downtrend seems hide some major news or headlines related to this shares but as technical indicators showing good uptrend targeting 115 - 130 then 150-160 on large scale but early to confirm .. Stoploss for this trend at 93.3...
Bearish candlesticks pattern with negative divergence for money flow index and weakness of stochastic which show extended decline for more days targeting lower bottom below 8500 . To be confirmed after closing below 9000
7800 is expected goal too but 7067 is better for long positions
Candlesticks pattern showing Bullish pattern targeting 1.38 -1.62 Fibonacci which is between 2950-3000 then shall got to be overbought again and start new wave to target new bottom below 2820 again
RSI 46 STOCH 27 Which are low ... Double top at 2950 will be main key if broken up ...if can hold up to Tuesday above 2888 then good if headlines were so bad we could...
We shorted DJI from 27200 now drop more than 2000 point . check the original analysis below.. now latest support at previous bottom at 24850 if its broken then will see 24000 before going down to DEC lows. in case of strong bounce still 27000 will be the final goal ..
BA had been broken down all uptrend started 1st of year 2019 now above its highly strong support above 318 if market bounce then BA one of the good options as all indicators melted down to oversold zoon when going up targeting broken line and GREEN box at 360
Very good performance compared by market yesterday , closed with green candle , earning is today, i think no matter the earning report BABA is good stock to hold during any coming bounce for long term .. Recent support at 160 Targets are 166-171-177 which is strongest one .. when market settled we can see fill up previous gap at 195 but its early to confirm ...
Most of indicators corrected recent uptrend move now inside buying area , Today earning after close and all options already overpriced so if you want to play with it wait after earning. Good earning will see 10$ quickly from 150 close to 160 , if earning bad then 142 is last support and stoploss for long positions , Still targeting 171 on coming weeks ..
Bullish Pattern , in recent bounce we say huge purchasing volume which suggested that new long uptrend run started and with final goals at 1.2 but early to confirm as its approaching main resistance at 1.123 - 1.131 - 1.14 - 1.16 which is main key if it will continue going up
RSI is about to break down the support also candlesticks during latest bounce were more dojis without good bounce volume . we can see MFI is keep decline . Possibility to bounce again to 44 then drop to break 40.7 latest bottom and fill up the gap at 36
Again weakness for many indicators showing further decline even with recent bounce but money flow keeps going out and its on buy zoon since few weeks but no fresh money get in.. Other indicators showing oversold status and ready to start good uptrend but on larger frame its looking like BEARISH pattern with further declines
Candlesticks on earning was red large hummer with huge volume and recent selling volume was higher than expected even we can see weakness on money flow index is continuing RSI bounced but if close red 2 days it will be broken and decline will be accelerated its worth to watch when go back to 195 support then 189 then 181 . In case market bounce 206-209 will be...
Targets Up at 165 - 171 - 176 - 180 Good reverse move from all indicators , lower volume during drops , earning on 15th Aug expected to beat expectations (but how much beat this is Q) . Only negative issue here that its highly effected by US-china headlines so if you want to play it be careful to news .. On very large frame its good uptrend setup..