$FB is a simple double bottom pattern play, which can later lead to a break of the symmetrical triangle on the up side... keepings eyes on FB for some time
- $FB is in a symmetrical triangle
- we have a double bottom with a visible neckline resistance (green line)
- bull flag right below neckline resistance
I like to take FB long...
This is a simple symmetrical triangle pattern play that has formed over the course of ~2.5 months
With a symmetrical triangle, it can go either which way as this is a neutral pattern. But, with $AAPLunable to retest trend support, and break above trend resistance with volume, leads me to believe can hit 130 off this symmetrical triangle resistance break.
i like this set up on the short side
1. bearish divergence: price made a higher low, while RSI created a lower low.
2. MACD crossed below the signal line, this is known as a DEATH CROSS. aka bearish sign
3. Lastly, we see price reject that 8EMA and VWAP resistance/convergence.... bearish sign as well.
**Following is for my records only and should not...
Not seen above, but tsla formed a bullish harami off S1 on the 4H chart! this is great
furthermore, we have the RSI bouncing off that ~30 level and upticking … mirroring price action.
MACD is about to cross up --> Golden cross.
There is a sneaky entrance above the bullish harami pattern highs, but I am looking to take TSLA long over the break neckline...
Things are looking good for NFLX from a TA point of view.
- trading in a falling wedge
- formed a bullish harami off that 480/481 support level
- Bullish divergence:
- RSI: Uptrend
- MACD: Uptrend
- Price: Downtrend
There is also a gap to fill from 504 to 524, which was it previously attempted to close, but rejected that 519.
***not shown above*** Lastly...
$HAS is half way thru an evening star pattern on the daily, and by the looks of the volume… seems it wants to keep falling, completing the pattern…
Zooming in the 30M chart, $HAS closed on a red candlestick with plenty of volume to end the day, while also closing below the 8MA(green line) & 21MA(yellow line) AND near/testing on intraday support (refer to the 5M...
Fat bearish engulfing on daily chart - (price closer to support) -- Resistance @ 30.60// Support @ 25.98
Closed below 50MA on the daily!
MACD crossed down on the 2H
**Bearish h on 30M**
Planning to scalp puts to 26.
Broke out of rising wedge on daily chart
Bearish divergence btwn price (higher highs) and MACD (lower highs), with RSI making slight lower highs on the 4H
Broke out of rising wedge with volume on the 1H with MACD crossing down
Bearish divergence again; price (HHs) MACD & RSI with (LHs)
Zooming into the 15M chart, the 8MA has crossed down the 21MA and 50MA, a...
Price is currently in a upwards trending channel with a Doji candle off support and 21MA on the daily chart with volume after a downtrend period
There is also a nice Bullish engulfing off support on 4H (current chart) which tests the 8MA (green line). Zooming a bit further in, there is a Bullish harami candlestick pattern off the 50MA (purple line) on the 3H...
1. DAL closed as a doji candlestick right off support on the symmetrical triangle (purple line) and as well as off a horizontal support line ($22.19).
2. While we see a horizontal support line @ 22.19, the RSI is showing an up trending support line starting from 4/06... bullish divergence!
3. Zooming into the 3H chart, we see a bullish piercing candlestick...
I currently have fib retracement drawn on the hourly chart from Feb's highs. SNAP has retraced ~50% (currently below).
SNAP has formed a double bottom before creating a bullish englufing pattern (4/16 -- 3:30) before ending the day with a weak red candle stick (lots of volume and very little price action). We see price flirting around the PIVOT LINE @ 12.93...
Visa is an uptrend
Bullish pennant on the 15M chart
Bullish candlestick pattern on 15M chart with last candlestick closing above the 8MA.
Bullish engulfing on the 5M chart
MACD crossed UP on the 5M
For all these reasons i plan to scalp Visa on the bullish pennant BREAKOUT with volume!!
LETS SEE WHAT TMW BRINGS!
Please feel free to leave insight, it is always welcomed!
MSFT has been forming a bear flag beginning 3/16 (4H). At this point in time, MSFT seems to be consolidating at support.
Zooming into the 30M frame, we see yet another bear flag forming within (green trend lines). It can possible attempt to retest before falling to 150 fully forming a head and shoulders pattern.
Market: Trending UP
Area: Flirting with pivot line...
There was a false breakout at a strong resistance point (@28.86). We see the stock get rejected @ 30.92.
I believe it is going thru a small retrace (with the last candle stick having low selling volume) - potentially to 26.41, if not much sooner @ 27.14 - where investors who entered call options ~20 are more than likely cashing out on profits.
I plan to catch...
based on the chart presented above:
ABBV closed on a nice spinning top candle stick, with divergence between oscillators and stock's lower lows.
If stock takes purple trend line (resistance) ill buy an small ITM position
At a quick glimpse, we see divergence between stock and indicators.
Stock's price trend is on a downward slope (red line)
OBV, MACD, and RSI are all trending upwards (violet lines), with RSI gradually coming out of oversold levels (30 or below)
This difference in trend direction tells us there is bullish sentiment behind KO - meaning investors believe KO is at...