Everyone is focusing on major price support/resistance lines, but there is this falling wedge which has been in play since ~end of May. The 20EMA has now lined up with the upper resistance line - break that and we may have a decent move up.
I'm no expert but I'm pretty sure that is a decent falling wedge. Today's candle topped (so far) right at it as well. If this breaks up, it can definitely run. There are a lot of bag holders out there super frustrated and waiting for something to happen.
MACD is still bearish but once that and RSI show some signs of reversal, we might be onto something.
Fairly significant resistance around the triangle area. The daily candle wicked right on it. If we break it, I see $etc maybe doing another 2x in the short term. I'm just not sure if we have enough steam based on the other indicators.
If we ignore that brief pop up above the horizontal line, we have a nice ascending triangle going on. If we don't ignore it, the trend line is still tracking nicely. Let's go $ICX, next resistance to break 5k sats.
XLE looks to be entering a downtrend. If the 50EMA break holds, we should be heading towards the low 44s. RSI is in a downtrend as well. MACD crossing into the bearish territory.
This is a decent EFT to have in your LT portfolio with a ~5.5% dividend. Low 40s would be nice. Mid to high 30s would be great.
Looks to me like an ascending triangle breakout. Unfortunately, the volume is fairly week, but we'll see where it takes us.
I plan on taking profits in the yellow area. I might run a trailing stop loss when it enters that area and just let it run.
This may be as simple as - 'comfortably cross the 50EMA, and we're off'. This has been struggling to come back above the 20/50 ever since it dipped below them in ~June. We had multiple attempt in the last few months, as indicated on the chart. The RSI, with one more nice push, may start to look promising as well.
Cup & handle forming on a 1D chart. I believe the target by analysts have been set to ~22. $mplx is also entering overbought territory, and that might cause a pullback in the near term. Mid to long term, $22 seems low, I think it may go past that. We'll see!