hanzhao311

hanzhao311

RSI negative divergence has been there for a long time. Again the Qs just keep going up up and away. How many more divergence higher high can it make? ADX also shows twin peak (divergence high). Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term...

hanzhao311

Each harmonic point has about 5 - 8 sessions of upward movement afterward immediately. Let's see if this plays out right. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure...

hanzhao311

Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.

hanzhao311

Still going higher the price, but at the moment there is a divergence Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.

hanzhao311 Updated 

StocRSI showing bearish divergence. pay attention to trend line before making any move. 24 hour chart carries lots of weight for its telling. Buying some Dec or Nov puts for long position insurance might NOT be a bad idea now. Even though the long term up trend line from Mar is still holding up, downward pressure remains obviously. Disclaimer, this is...

hanzhao311

RSI, Chop, ADX all showing divergences... Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.

hanzhao311

Trend line broken. exit line broken so there will be plenty of people taking $ off the table for now. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.

hanzhao311

Just a warning for careful positioning. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.

hanzhao311

Not that I am bullish on XLK but indeed I am quite bearish at this point. However the 65 minute chart does show a RSI trend break and MFI showing breaking up the 0 line which mean trend bullish, even though these two signals need confirmation. Cautious with positioning with these signals is what I want to convey. Disclaimer, this is only for entertainment...

hanzhao311

Closed at just at the trend line and a major confluence point. The trend is clearly down from the 8 hour view. RSI just broke up trend giving a big warning sign. RSI trend breaking is normally a LEADING indicator which could mean trend line break for the price line. SInce this is 8 hour chart it would carry more weight for sure. Disclaimer, this is only...

hanzhao311

Divergence high reached today and touch the upper price channel. Technically speaking it is way over bought and due for a pull back. That said, the stock could move higher with another divergence high given the current strong momentum. Fun to watch this one unfolding. Price more than quadrupled since earlier this year. Coverage initiated with a Neutral. ...

hanzhao311

This could be the top or very close to the. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.

hanzhao311

XLK breaking trend line on 60 minutes and lower time frame. 2 hour still holding up OK. Qs are holding up still. CLosely watch the unfolding. Bearsih divergence + broken trend line is NOT a good combo for XLK at this moment. May reverse and continue higher but this is a warning. Disclaimer, this is only for entertainment and education purposes and...

hanzhao311

RSI showing bearish divergence. Trend line is still intact. Closely watch this to see if the trend line will be broken soon. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure...

hanzhao311

Election year seasonality is playing out a little differently this year. Seems like norm is bottom in May but we bottomed in March. So perhaps everything is time shifted by 1-2 months? Will post Gold election year seasonality here for reference. www.seasonalcharts.com So for comparison sake: 1. June, Sept, November peaks dwindling down in the seasonality...

hanzhao311

Election year seasonality is playing out a little differently this year. Seems like norm is bottom in May but we bottomed in March. So perhaps everything is time shifted by 1-2 months? Will post Gold election year seasonality here for reference. www.seasonalcharts.com So for comparison sake: 1. June, Sept, November peaks dwindling down in the seasonality...

hanzhao311

Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.

hanzhao311

Very bearish, sorry to say Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.