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..
We started Short positions from 115 ,WMT shares drop more than expected and got support at 104 , closed 107.28 Friday indicators such as RSI MFI Stochastic drop more than expected too which suggest further decline even after bounce we can see Money Flow Index at lowest level since DEC-2018 which so interesting point from here, can it jump and start brand new...
After achieving target at 43 backed to 39.5 and bounced to 42 again then fade which suggest its needs better support , at least above 38 which around 10% drop from here 41.5 . Long for longterm and one of best uptrend stocks for coming period if market not melted :)
also most of indicators started down trend after certain time on overbought area.. targets for long...
Bullish candlesticks pattern with higher volume attracting fibo resistances IF break up the previous top at 27.12 . Support for long term at 23 and can be stop-loss too . Up trend targeting the top of channel at 28.38-29.15-30.4 . its simple classic uptrend pattern for coming days then may be pull-backed to get some support above 23 ..
Have look to stochastic showing extended decline with lower trading volume for recent sessions . tried to go up on Friday but not succeeded next support above 147 then 120 then finally at 90 . its far away from current point but its not showing any positive signal for coming days . once there is turn signal i will post it immediately