Daily trend change will occur if 9.30 resistance can be broken with good follow-through.
RSI resistance that indicated trend change in the past is now being tested. Small inverse head and shoulders in the RSI as well.
MACD has crossed bullish.
Volume increased as the bottom approached and has since tapered off.
Looking for 12 day EMA to become support.
Closed strong above the resistance line today. Bullish divergence in the RSI. MACD about to cross bullish on the 4-hour.
I'll be watching for heavy volume and continuation. S and P may have to consolidate first...
The market is getting pretty beat up, but this copper play is holding up well. If we can get a bounce in the market, I'm looking for this pattern to play out.
Last big reversal was a falling wedge, now this time there is a diamond within a diamond.
Bullish trend in weekly MACD, now well above zero. Looking for RSI support around 50 to hold, and an eventual...
Previous resistance of 3.28 now being tested as support, and a nice little hourly bull flag is being formed. On the larger scale this is a possible ascending triangle with overhead resistance around 3.60. Could be a nice break if we can push through that level.
Also, Musk says that copper is going to be in short supply with electrification. And this company has...
From what I can see, every major correction/bear market/whatever you want to call it, respects a decreasing resistance line in the RSI. When this level is broken, the KST indicator then moves from below zero to above zero, indicating a positive trend. Each of the 4 times this happened would have been an excellent time to buy.
For this past year, the RSI is way...
Nice ascending triangle with an hourly bull flag. Given the bearish divergence in the RSI, I'm guessing there are a ton of short covers just above resistance, which would make a for an explosive break if it does occur. RSI has cooled off and is tightening up in a pennant and volume is increasing. I'm long if we can push through resistance with a high volume.
Seems like an inverse head and shoulders with two heads and we are right up against the neck line (as well as the 12-day EMA).
Divergence in MACD and RSI is looking bullish, now we just need some volume and followthrough.
May need to take a breather to cool off the RSI before attempting to break this resistance. Lots of hype around CBD medications, nice increasing volume last few months, RSI above zero, and this kinda-pennant style formation has me feeling pretty bullish long-term.
If this long-term support can hold, I'll watch to see if this pattern might play out. It could be a very large move up. Of course, it would involve the company really stepping up their game considerably.
MACD close to crossing bullish.
Some slight differences with last year's dump coming off all-time highs.
MACD has crossed bullish
RSI never reached oversold levels before bulls started to buy
Price has closed 2 days in a row above the 12-day EMA
Price has pierced the RSI resistance that seems to have been significant in the past
Cautiously bullish. I'd like to see RSI resistance convincingly...
The last 2 times it reached the bottom of this channel it formed an equilibrium and then reversed directions. I expect it to first consolidate below this 12-period EMA line as it has done in the past. MACD is about to cross bullish on the 4-hour. Breaking of the RSI resistance level of 44 will help to confirm breakout.
The bears can't seem to get any followthrough with this bear flag. Big bull volume today with next to no pullback. MACD is about to cross bullish and an ascending triangle is breaking bullish in the RSI. If it can break above the resistance line around 3.70 and hold above the 12 day EMA, this could be a good time to enter long.
An ascending triangle is becoming a possibility. Weekly RSI resistance line was just broken with huge volume (and this week isn't even over yet). The RSI will probably have to cool off before taking a good shot at breaking 0.75 resistance.
RSI probably needs to be pushed down a little lower yet before buyers step in (~26 region worked in the past). A descending wedge bullish reversal pattern is forming in the price action. I will be watching for a break of the resistance line with heavy volume . I drew a trend line in the RSI that acted as resistance but has now bounced once as support and will test...