Analysis of $UBER technologies, Primary trend was broken by the intermediate trend.
Finding support above the previous resistance line was an indication of continuation of the primary trend.
Target 1 ~$52.00 is the next resistance level.
Expect a breakout of the current accumulation range in the following weeks ahead, news could be a catalyst.
*Not financial advice just an idea*
The previous drawdown of ~50% looks like a textbook intermediate trend, with the continuation of the primary breaking the ATH. A potential scenario could involve the formation of a new primary trend, and possibly the signal the start of a new bear market.
*Not financial advice, just an idea*
Symmetrical triangle formation could be either bullish or bearish.
However, likely in this scenario to be an indicator of a change in sentiment.
Death cross occurring on 1d timeframe, potential signal for further downturn and an overall change in market sentiment.
Breakout by mid-June likely
Safe entry on a retest of the neckline
RSI showing negative growth on daily timeframes
MACD at the narrowest point, potential change in direction
Volume low. However, an increase in the most recent 1d timeframe, a test of patience.
Apple produced outstanding financial results for Q1. 21. With double-figure increases across all of its product lines.
The current consolidation zone sets the stock up for a significant rally towards all-time highs, before dividend payout (10/05/21).
A daily close above ~$137 resistance would act as confirmation for this bias.
$AAPL now sits within a consolidation channel, primed for financial news.
$AAPL fundamentals are strong and services are expected to outperform expectations.
However, weak results could signal a potential sell-off and end this run in its tracks.
$127.82 has historically acted as weak support/resistance.
However, a change into strong support could help the...
*Just an idea, not financial advice*
NIO now primed for earnings report,
A short burst and local high to $42.06 is possible.
0.236 fib level as resistance flipped support.
RSI now within over-bought territory signaling a potential sell-off in the near term.