1D chart hit resistance again yesterday. There is an ascending triangle forming on the 1D chart.
On the hourly chart, there seems to be a cup and handle forming, the handle has yet to form but the cup has.
RSI Is Approaching the top, similar to stochastic while MACD just crossed.
Awaiting for a solid cross over the 38.7/39 resistance and the next level to...
It has retraced back to 0.5 and is still in decline, but there was no massive drop after.
Selling volume is huge but decreasing. I will continue buying dips.
Stoch is at oversold, suggesting that it will run
Am waiting for another run for the energy and ev sector.
Not financial advice
As can be seen, it is currently at the bottom of the channel.
There is a clear support above 7.
Volume slowly accumulating and stoch is oversold.
ATH was 13 not too long ago, and not a run since.
Buying the dip.
Not financial advice
MA appears to be bullish. There is a clear resistance around 345
There is an ascending triangle in the 30m chart.
Candlestick is crossing MA20
MACD about to intersect, and volume is about to turn green
Stoc is on an uptrend towards the oversold area
1D chart looking very favourable.
I believe that this is impulse 3 of the Elliot wave. Impulse 2 retraced price to the 0.786 Fibonacci level, where there was a support.
As circled on the chart. I believe that ADMP will soon take off because MACD is about to intersect, MACD is coming out on top.
Stochastic RSI is pointing upwards and ichimoku cloud just...
Ayro is currently consolidating. Looks like an inverted Flag pattern but there are more touches below than above, not expecting a reversal.
Stochastic RSI is pointing downwards, it should reach oversold or Mid before running, trust that the EV sector will run.
MACD is trailing close below signal in 1D and close above in 4H.
Loading up and buying in, I prefer...
There is an ascending triangle which just brokeout.
RSI is exiting oversold area in the Daily timeframe.
Currently Trading in the ichimoku cloud area, should wait for exit of the area.
I believe this is Impulse 3 on elliot wave cycle.
Fibonancci retracement first TP is at 5.82
Let me know what you think
TLRY is consolidating, currently approaching point 4 of elliot wave cycle.
There should be a correction phase around the highligted area before peaking towards 5.
RSI is moving down towards oversold (where I expect the price to move into the correction zone)
Ichimoku Cloud is currently green, and stock is priced way above EMA150.
Based on Fibonacci...
Looks legit to me.
Retracement from (3) to (4) was about 70%, still acceptable since it did not reach the first peak.
Ichimoku cloud just intersected, green and above cloud, sunny
Based on Fibonacci retracement, first profit taking is at $36.10