Understanding Wyckoff Patterns: A Brief Overview Richard D. Wyckoff's trading methodologies have stood the test of time. These patterns are characterized by phases of accumulation, manipulation, and distribution. Ethereum's 4H Chart: A Wyckoff Tale On Ethereum's 4H chart, we see signs of accumulation, where smart money starts buying. The next phase could be...
In the last 6 months AMEX:XLC is the leading sector in the $SPX. And with the recent sell of in the energy sector AMEX:XLE , communications is the only sector without lower lows. There are various stocks that confirm this strength in AMEX:XLC , some are NASDAQ:MATH , NASDAQ:ATVI , NASDAQ:META , NASDAQ:CHTR and many others. Let's wait and see.
Keep an eye on this one as it's showing a lot of Relative Strength and Accumulation. It recently broke into its stage 2 up trend and it's resisting the general market moves and showing signs of institutional demand. Given the current market conditions, this may continue to range between 17.5 to 18.5. We might see a flush of late buyers and might see a dip to...
World markets bottomed on Spetember 2022 and during the recovery, European stocks AMEX:FEZ outperformed US stocks TVC:DJI for 9 months Nos, for the last 3 months, US stocks are back in the leadership as the DJI/FEZ ratio broke its downtrend back in April; just weeks before the AMEX:FEZ broke its trendline That is why relative strength is so important,...
Fundamentals And it is not just the base, the fundamentals are also robust. NYSE:MUSA has immense amount of sales and even with the price rise we have seen, the P/S ratio is still staggeringly low at 0.4. The P/E ratio is also low at 13. The reason behind the stellar share price performance is mainly the consistent growth in sales, regardless of...
The stock after a reversal is on recovery mode. Now making a Higher High and Higher Lows on Weekly and now on Daily as well. Relative Strength, Absolute Strength and Money flow all positive. The Stock looks strong to move up further and likely to test 576 levels.
RSI breakout happening in weekly keep an eye. might give a good result Lets hope for the best. Levels are marked
After multiple Rejection at 590-627 levels the stock is again attempting to take out this Rejection Zone. The Relative strength and Money Flow are positive. A good close above 627 levels with volume support will put the stock back in up Trend mode.
The stock retreated after facing supply. After some consolidation the stock is again negotiating the previous supply area. Volume support is also coming in. Delivery volume also increased indicating interested longer term buyers. Relative strength, Money Flow and absolute strength all in the green. A good close above 873 with volume support will put the stock...
Nifty 50 Equal Weight index to Nifty 50 index relative strength (NIFTY50EQUALWEIGHT/NIFTY) chart seems to have broken out of an ascending triangle type consolidation on the weekly time scale. The price action on the relative strength chart has broken out of the consolidation and has completed the retracement on the support/resistance zone. Will we see a...
GBTC is an exchange traded fund that tracks the movement of Bitcoin. It trades like a stock, so GBTC can be bought in any traditional brokerage account or IRA. You could also buy Bitcoin directly. Personally, I don’t trust a lot of the crypto brokers these days, so this feels like a safer option to me. But the results will be similar either way. Bitcoin has...
While tracking regional banks KRE had a bad time in the spring with the small and regional bank failures/rescues and the federal actions to buttress the faith of citizens in them. There have been no runs on the banks. Larger banks may be taken some business from small banks saddled with securities with diminished value due to rising interest rates and the...
Ethereum (ETH) has experienced a corrective phase following its new yearly high on July 14. While the price action confirms the correction, the wave count suggests that ETH will likely bottom soon, paving the way for it to resume the previous upward trend. Daily RSI Bearish Signal The daily Relative Strength Index (RSI) is bearish, corroborating the Ethereum...
MAT is another I've been in for some time and I love the action here but it is now running into resistance in the $22 area. I expect some hesitation or pullback here soon but this thing has been running well and with above average volume. The gains come in the early AM and shortly after there's almost always a pullback so no need to chase this one on any open.
Hello and welcome to this analysis CNX 500 after a very lengthy period of sideways correction that started in OCT 2021 has shown a very strong reversal in APRIL 2023. The relative strength chart has now given a fresh signal of further strengthening of CNX 500 over NIFTY, suggesting that CNX 500 stocks shall outperform NIFTY stocks for quite some time. It also...
Fundamentals The fundamentals are obviously strong after the last year and a half The revenue and profits skyrocketed as the price of oil went up. All the measures possible are flashing green, whether its EPS growth, ROE, ROA, debt-to-equity etc. Valuation is still low , just like the wider energy market, due to ESG reasons and just a general...
Here is a fun new way to view the RSI. A new TradingView Indicator for you RSI enthusiasts. This is the Honey Chai RSI Indicator. This indicator combines the RSI oscillator with additional features to enhance its functionality and visual study. The purpose of this indicator is to provide a more comprehensive view of the RSI and aid in identifying trends, potential...
Until we see a breakout on the Relative Momentum trendline in the bottom half of the chart, the market breadth wont go up. Interesting times.