dorfmanmaster

dorfmanmaster

It is a common move for stocks/ETF's that have been consolidating for a long time, to make a strong move upward before consolidating again. Amazon has been consolidating for about 12 months now. Breakout is with 100% more intraday volume, than its 10-day average. Targets Target 1 is a measured move by drawing the 12-month consolidation period. Target 2 is a...

dorfmanmaster

BABA broke out two days ago, with above average intraday volume. OBV is confirming slight positive trend. Taking a look at seasonality: We are entering July, which has been THE best performing month in the past 8 years. BABA has closed higher than it opened 83% of the time in July, since 2014. Approximate Potential Target ---> $275

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Copper has a strong uptrend with a stair-step behavior. With pent-up demand for semi-conductors, copper mining has been increasing to help suppliers. For in depth analysis, please check my last charts on CPER.

dorfmanmaster

Technical Analysis We have been in a strong uptrend (pink segment line) since November, which I have divided into 3 ranges. We have tested the top of "Range 2" 3 times, and we are now breaking out. Either we continue into "Range 3", or we could potentially test the pink trend line once again (ghost feed representation) Macro Tomorrow jobs report could be...

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Definition of a commodity super-cycle: Commodity super cycles are decade-long periods in which commodities trade above their long-term price trend. Technical Analysis: Using a weekly candlestick to see the bigger picture. DBC is breaking out of a 10 year long downtrend. On Balance Volume is supportive, as it is also breaking higher, reaching levels from a...

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Chart shows death-cross highlighted as a pink circle. The definition of a death-cross is when the 50sma crosses below the 200sma. This technical pattern signals further downside. The red horizontal level R1, is the bullish short-term target, if we can cross the 50 (orange) and 200 (red) moving averages, and revert the death-cross. However, unless we can stay...

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A weekly chart of TSLA will show us the longer term trend, which fate could be tested at the $550 level, which is coincidental with the 61.8% Fibonacci Retracement, a break below this level suggests the next target on the downside is $330 approximately. There is a slight divergence with the RSI, when you take a look at the last bottom. (Bearish) I will be...

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Since the COVID march 23rd sell-off, we have not closed below the 100ema for over 2 days. There has been 7 successful pullbacks. Tomorrow we could witness failed breakdown to shake weak hands placing tight stops, so I recommend entering with smaller positions that you usually do.

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OBV divergence signaled a potential correction, as price were making higher highs, OBV was making a lower high. On the plus side, we are making higher lows since march lows. There is a resistance trend line that is still holding, and is now coincident with the 61.8% Fibonacci retracement line. A buy with a stop below the trend line has worked great the last 3...

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Copper has a healthy stair-step trend, with mid-term consolidations after big rally's, as drawn in chart. We are about to make the measured move which I projected in my last chart on this ETF, at this point I expect we could enter a period of consolidation. Risk Management I will tight my exits to the 5-day moving average once we complete the measured move....

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Since PLTR IPO, the price has been ranging in 3 areas. It appears we are breaking down from the strongest support (bottom on range 2), and will potentially enter the range 1. This level is also coincidental with 61.8% Fibonacci Retracement line. I would be willing to enter a position for a long-term trade, if we can reach the high of the IPO, which is approximately $11

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After an 8-month downtrend, it appears Gold has made a bottom, forming a cup & handle; and today it made a breakout. Next target is the 200sma which lines up with the downtrend. I would expect some consolidation or a pullback to $1770.

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Drawing a channel, we see a short-term potential place for a reversal. If we do come back, the lower trend of the channel could act as a good level for a re-entry trade. 5 day moving average on a closing basis, has been working well as a short-term trend level to ease some of the position to maintain gains.

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Technical Analysis As you can see in the chart, every red square is showing a consolidation period, followed by a strong rally. Today's action is showing strength as we are seeing a potential breakout, outside the 1-month consolidation period. Trade setup The light-blue arrows are potential measured moves. However, I would follow the 5sma or 10sma, as a...

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As you can see drawn in the chart, we could potentially see a re-test of the left shoulder as we create an inverse Head & Shoulders. This level is also coincidental with the 61.8% fibonacci retracement level ($43K), which many call "the point of no return", meaning a breakdown below this level is expected to reach 100% retracement, which is around $29K. The...

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Solar energy ETF is currently breaking out of a descending triangle. There are multiple resistance levels to take into account. However, a measured move from the current break of the triangle, is taking us to $113 approximately, which is my mid-term target. MACD has been uptrending while the price has been downtrending, the divergence is bullish signal for...

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If you draw a trend line on top of the price candlesticks, you get the upper level of the channel, which seems to be overextended. This has not meant a strong reversal necessarily, but more of a consolidation period. Interesting to note: - the 50sma has been an important level for some time - the lower Bollinger Band has also acted as a potential support As...

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Technical Analysis 1. As you see in the chart, we have tested the 200ema 3 times in the past; and it has not trade below it since April 2020. We have made a spinning-bottom on a downtrend, coincidental with a 4th test of the 200ema. 2. RSI and OBV show a positive divergence as the bottom from 2 weeks ago (Test #3) was at a lower level. 3. Bollinger Bands give...