On the 4h we closed below the H&S neck line, validating this H&S bearish move. Measuring the size of the head, this will take us close to the next support which is around 8.5k. The 8.5k-8.6k should be the max drop we see in the next couple of days. If this absolutely doesn't hold than the next move down is towards the 50 day low of ~7.5k to support of ~7k. I...
DIS broke up ascending triangle a couple of days ago, made a dip, but bounced off 21 EMA on the 1D. Candlesticks, MACD, RSI look bullish. IMO this should be a good entry point (143-145 area). Setting my stop loss at 142 (red area). 10:1 reward ratio. I think this could go up to 150-157 by next week. Trade at your own risk. Let's see where this goes!
Looks like AMD will soon be making a new 52 week high before the next earning date (July 24), breaking through the ascending triangle. RSI & MACD look great on the 1D. Forming an IH&S pattern, but not sure how this will go with the earning date coming in 2 weeks. Keeping a close eye on this one. What do you guys think?
Inverse Head & Shoulders forming. This is it boys!! First major resistance at 12362 to move higher then some minor resistance along the way to our next huge resistance at 13800. If we can't break any of these, we're not going anywhere but down.
This is my first share post. Using this as a swing trade analysis.
1. Stock broke the 50 day MA on May 7th, closing at $42.68
2. Stock Reached 20 RSI on May 20th, closing at $38.41 making a 1st Low of $38.18 with 20 RSI.
3. Stock made a 2nd new low on May 22nd of $37.87, closing at $38.05 with RSI reversing upwards to 30 RSI.
4. Market shows sign of reversal...