Thursday NIO earnings will be announced, they rescheduled it from September to August. A good sign in my eyes.
ma 50 & ma 200 in a bullish trend,
rsi leaves room for a run
I expect a new ATH next week.
After earnings Intel dropped in an overreaction and this seems to be a cheap entry point.
Today it hit the weekly MA 200 and bounced back.
RSI is in oversold territory.
dropping volume and macd indicate that the sell off has lost it's power
Next support is the MA 50 of the monthly chart.
Took a long position right before the bell with the following...
CGC had quite a good day today.
It touched the red trendline and I believe it pulls back to the support @18.25.
On May 22nd it closed at the same point as todays resistance. Then it gapped up and fell back hard.
So I believe there are many sellers above the resistance who are happy to get out without a big loss.
What speaks against the trade is the high...
The current price sits right on a strong support which can be seen on the weekly chart.
Before it broke down out of its downward channel.
Now the RSI is quite oversold on the daily and it sits below the lower Bollinger Band.
I believe that it will get back into that channel, around 0.9375 seems to be the next resistance, this is also the 0.618 fib retracement...
Sitting at a resistance and a descending triangle is forming.
I believe it will come back to the first ascending triangle of the day, but it might also pop.
MACD indicates lower level, trend upper, other indicators more or less neutral.
YNDX had quite a run, broke the prior ATH resistance and currently sits at the upper channel boarder.
RSI asks for a cooldown.
With the first sign of weakness this is a candidate for a short position.
target would be the prior ATH since resistance quite often become support.
CBK Trading in a channel since 08/19
Breakout middle of 02/20, due to corona it came back into the channel and is now sitting at the lower channel border and will probably hit a tripple bottom (15/08/19, 09/10/19, today, tomorrow?, next bad market day?)
sitting @ lower bollinger band
sitting @ lower channel border
oversold (RSI close to a bouncing...
DT Telekom is trading in a channel since mid 2018.
Already took the opportunity before earnings riding it from the lower border to the upper where the RSI also reached it's previous high.
Switched to short at that level with a target and take profit to the previous support level @15.61
Due to the overall corona fear it broke this support and is now at the lower...