benedekdomotor

benedekdomotor

We have seen some wild moves in recent weeks, but what does the future hold? It looks like we have some huge bull-flag on the daily chart. Even though the MACD and RSI indicators are bearish, I think we are going to head up for a while. Price bounced back above the S1 Pivot and the 50 EMA, which is bullish af. Resistance: around 1075 (20 EMA), 1122...

benedekdomotor

As for now, we can spot several bearish signs on the chart. Head and shoulder pattern appeared, RSI and MACD are showing bearish signs. However, there is hope! We closed above the 50 EMA and the price could not break the S1 Pivot-Point, which is a bullish sign. So we have to wait for a sign! We will probably back-test the baseline of the H and S pattern. Look...

benedekdomotor

In this analysis, I will compare the Apple weekly and daily charts. On the weekly, we can spot a bearish pattern next to some additional signs. RSI is overbought and the momentum is very weak. However often, when there is a huge pattern and everyone notices it, the quite opposite happens. On the other hand: the daily chart is also overbought, but we got huge...

benedekdomotor

We are hitting the upper side of the bullish pennant pattern, thanks to the positive earnings report. The weekly chart looks extremely bullish(price above the EMAs, rising RSI, and MACD cross), with 27-100% upside potential, although the daily chart is extremely overbought so be careful! I expect a small correction before breaking out. I think we will visit the 85...

benedekdomotor

It looks like a breakout is about to happen. The overall picture looks bullish. We got above the P-Pivot point, also reclaimed the 20 EMA once again. As for the indicators; RSI and MACD indicate more upward movement. The only concern is that the price is stuck between the 2 EMAs. We have to get above the other one as well, with high volume! Short term price...

benedekdomotor

Price touched the upper resistance 6 times already. Every breakout attempt failed, but eventually, it will succeed. The more it touches the higher change is for a breakout. I think it will happen soon! RSI and MACD are looking good. We even reclaimed both EMAs.

benedekdomotor

Seems like we bottomed, because of the following facts. We managed to pull back above the S1 Pivot point (with high volume). Regular divergence occurred on the MACD indicator. So the overall picture is bullish, but there is one catch; a lot depends on the overall market! If the market continues to correct itself, then it might pull PFE down as well. Be careful.

benedekdomotor

We are making higher lows on lower timeframes (hourly chart). And a regular divergence occurred on the MACD indicator. Also, you can spot a bullish flag pattern on the daily chart. This makes me say that: soon a trend change may happen. Although, we have to be careful and wait for a clear sign to enter. Such a sign could be if we reclaim the 20 and 50 EMA, with...

benedekdomotor

Looks like we found some support. From now on, I expect a bounce back to higher levels, because of the following facts; -RSI almost oversold on the daily chart. -Price bounced back from the long-term support line. -Price held above the 38,2% Fib retracement. -Also futures are looking good. Next resistance: 365,97 Next support: 349,07

benedekdomotor

The short answer is yes. The longer one is a bit more complicated... In my opinion, the chart looks extremely bullish. We had a nice break-out and a retest. At the moment: the price sits at a very important resistance, and between the 2 most important EMAs. If we can reclaim the 50 EMA, then we will have a nice run-up. However pay close attention to the volume,...

benedekdomotor

That is the third time we touched the upper resistance at 305,33. And it did not reject the price, it seems like it wants to break out. High volume gap-up and weakening bearish momentum tells us the same, but there are also some red flags... The RSI indicator is almost overbought, so be careful!

benedekdomotor

Soon, I have to buy some euro, and I have decided to make some analysis on it. Hope it will be helpful to you. As the title said, we have some contentious signs. The price is stuck between the S1 and P-Pivot points. The MACD indicator shows weakening bearish momentum, but the RSI indicates that we will have continuation downwards. At this point it could be...

benedekdomotor

We touched the upper resistance for the third time, and there was no harsh rejection. At the same time, we got above the 50 EMA. MACD and RSI also painted some bullish signs. This makes me think that we will break out soon. However... IWM seems to lag behind QQQ and SPY and they are way overbought. In case they fall, this will also tank, so be careful.

benedekdomotor

Hello there, I am back from my vacation. Hopefully, now I can share more ideas. As for the QQQ, it is strong af, at first glance... We have higher highs and higher lows. Broke above the R1 Pivot and managed to hold. MACD also looks good. But on the other side: we are approaching the weekly resistance at full speed. Volume is drastically decreasing from month to...

benedekdomotor

This looks like a textbook Cup and Handle pattern. EMAs are looking bullish , volume is increasing. However there is the RSI and the overall market which is extended, so be careful. Also earning are coming up, it might pose as a threat.

benedekdomotor

Some additional info: The broader market is a key player in this game. It needs to be bullish!! MACD needs to show some momentum and RSI shouldn't be overbought. At last but not least, pay attention to the volume as well. Big green candle with low volume isn't that bullish at all.

benedekdomotor

Lets see, how we perform in the second half of the trading day. If we manage to hold and stay above the P-Pivot(118.33), the outlook will be bullish . Hovewer if we close below the 112 level, then we might head lower once again. In summary, it looks bullish but the volume is very concerning.

benedekdomotor

This is definitely something we need to talk about! The last time RSI reached overbought levels like nowadays, a huge correction came. If we can't make a new high in the coming week, we will definitely head lower. I am not saying it can't go any higher, but the RSI indicator is very concerning