RSI about to break the uptrend started in DEC-JAN also we can see all other indicators turned around and started pullback. RSI purple line showing the down trend of market relative strengths since JAN 2018 this line showing high resistance for DJI uptrend . note also its slow RSI 25 Now down trend targeting 25387 then can be bounce at drop again to area of 24677...
Expected fast jump to one of its goals at least 179-182 Green box ..Support is green line and can be stop-loss for daily trader . Facebook shares corrected recently and made new support above 159-160 Coming resistances are : 169.5 previous top - 175.25 gap of 31 Aug 2018 - 179.5 top of Aug 2018 also 182-183 FIBO %1.62 .. Very strong resistance in long term it...
Super exhausted .. its matter of time to drop hardly and make strong correction from 10-15%
Earning coming soon and its very clear to start get selling positions as everything is overbought .. maybe make small top at 207 or 213 as maximum but will fall to 192 absolutely then maybe extended it to above 170
Again overbought status for all indicators also still under broken trend and near new high for all time records. the best scenarios is to get short and selling positions during coming days when SPX jumped overnight or made new record higher than 2940 then target will be easily to drop to 2800 100% at least then can be updated . at that moment all indicators will...
Overbought status for all indicators . SPY near new high for all time records . the best opportunity to short positions and selling SPY when make new high during following days between 295-300 then at least can collect profit when dropped to 281 . then if its broken with volume it will go to 272 then to 263 . after that i expected bounce back again to area of 280...
Clear short positions formed after news of $DIS Disney starting competition with $NFLX beside $AAPL aaple announce weeks ago .. but the most interesting the big jump on trading volume and possible top on larger scale . current strong support is 341 if its broken then 333-323-305-293 coming quickly on larger scale still $NFLX on positive trend but for now its clear...
Technically .. Bullish pattern targeting area between 186-199 . its recommended to hold long positions above area of 150 - 160 . if we can check slow stochastic we can see strong up reverse sharply which indicate more volatility on up ward trend also if we heck RSI we can see it broke up longtime down trend and reconfirmed it which indicates more strength for...
There is very clear Bullish pattern formed during recent months with targets 287 - 295 - 305 - 320 - 346 - 362 ..... its showing up trend movements but volume still not big enough to confirm . most indicators showing signals for upper move Support 260-270 .. 260 can be consider stop-loss for long positions. . Suggested to pullback to get fresh support at 269...
To make it easy ... here are important numbers .. Support at 3737 Resistance 4242 Target 5858 Technically its started bounce back since 2 month ago now it made support above 3600 . the long target goal at 6000 soon later it will reach that level then can we can update technically .. we can see strong trend for RSI and MFI and stochastic too which mean we expected...
Friday new fresh money got IN BABA shares and break up the down trend suggested new uptrend started with goals above 200 . main resistance is 185 then 188 previous top then sky opened to 200 quickly .. Stop-loss at 169.5 Support 180-177
One of best Shares fro recent bounce . its jumped from 17 to 28 during 2 months . now its time to Short AMD and drop to get new strong support for long up trend . we can see most of indicators turned down except Stochastic which mean more volatility for coming down trend (up/down sharply) the current support is latest top at 24.7 if its broken with volume then...
Volume of last Friday was soo high and deep drop . down trend will continue for while perhaps will have some small bounce then to continue drop targeting 160 . also support above 152 if broken then quickly will go to next support at 147 if its broken then will go down sharply to area 120s (but not expected for now) most likely down trend started and ends up on...
Very clear large uptrend but it may take some more time to break the previous top 1346 .. after closing above it target will be 1414 then around 1500 .. strong resistance at 1323 and with recent higher low ..
It broken down previous low with high volume so at least will go to support at 1444 if its broken with high volume again then the downtrend will be deeper than expected..
As discussed previously SPY reached over-bought status in most indicators . bearish pattern up to summer time or at least begin of May . the target remain at 260 then to be updated based on trading volume on that level . please check previous analysis related SPY. actually the coming Monday trading day is very important as we can see all indicators are edging...
One of difficult charts analysis .. but for now we can take short positions to target drop to 1620 or to the blue line at least . in big view its going to be uptrend with goals near 2000 so if you want to take long positions wait till the best entry area above 1500 indicators showing strong upward movement but now are overbought status and need to be dropped or...
Still needs further confirmation by breaking up down trend of RSI and to close above 20.5 for at least 3 days then we can confirm the goal at 27 . the current support limit for short traders is 17 any break for it is high alarm to short positions then 16 which is the base of double bottom will be stop-loss . if its break 16 its can go forward to 14-12 but this...