One of my favorite setups. RSI, MACD, and OBV showing divergence and is currently trading below the declining MA 20 & 50
Trendline break on the daily, we should see this start to sell off (impulsive break)
First target $240 level near MA 100
Second target $225 near MA 200
NOA looks to be breaking out on the Weekly.
- The RSI ad OBV is supporting the price action trend of higher lows.
- The TTM is firing off.
- In addition, the MACD on the daily is starting to cross the signal line.
Suggestion would be to enter on the weekly close above the 200 Day MA, I would use an ATR stop of *2 ($2.44)
First target $18
Trend, Momentum, and Volume indicators are pointing bullish - KMI looks like a laggard in the oil sector prime for a breakout
Entry - Now ($18.00)
1st Target - ($19.00 - 1$19.15)
Second target $22.50
MA is showing divergence on both the OBV and Stochastic Oscillator. In addition, its in the overbought territory of the Stochastic and a topping tail and dragonfly doji candle with high volume suggesting a reversal is possible
1/21/22 ITM $380P
Not the greatest setup, but it does present a double top pattern. There's a chance this get reflected off the EMA 200 or SMA 200 and potentially retest the neckline or wick through the neckline to take out some shorts hiding above who got in on the breaking candle.
Entry - Test of neckline $139-140
Stop - $150
Target - $113 - $114
Risk to Reward - 2:1
Think I missed my better entry here, but its seem to be range bound since Sept and broke out of the long downtrend.
Does need to take out the MA200, but does have some momentum behind it with the 10/20 MA crossover..
Entry - 48.75 - 49.25
Stop - $45
Profit - $64-65/
RISK TO REWARD -2:1
RRC still in a HH HL uptrend, coming off an area of support. Noticed a squeeze on the TTM, positive divergence on RSI, recent MACD crossover curling toward zero...
Entry $18-50 -$19.00
DAC currently breaking out on the last day of the year
This breakout is with low volume, so there are some concerns for taking this trade. But there are some buy signals showing up..
Entry would be now before close, or be patience and wait to see if it clears the 100 MA
Entry - $75.50
Target - $89
Stop - 2 ATR = 6 ($69.00)
Risk to Reward - 2:1
Looks to be in a long sloping flag pole, got caught on the MA200, RSI oversold.
Entry above trend break, high volume would make it better, implied move would push to test ATH
Entry below trend break, high volume a must. Implied move would be to the fill of GAP
Bearish setup on daily chart. Let me know what you all see.
ASAN Short - Bearish setup
* MA 20/10 crossover
* Ascending triangle breakdown on high volume
* Bearish Divergence on OBV indicator
- Potential area to analyze
Break of trendline support which would also be a confluence area for MA100
Entry - Im thinking the closed below Trendline $98-99