Solid buy level on monthly, tripple bottom. Bought to open long @ 21,93
Bulls need to step up and defend the current level, new ATH maybe in the cards just like Tom Lee (Fundstrat) predicted. 444 needs to hold, else a pullback is possible. See my levels and pivots on the chart. As always trade safe and wisely, not financial advice. Best regards, SeqZ
Some ideas on where NFLX may go depending on how far bulls can push it
Below my chart and thoughtson where SPY may go, 444 is the key level support to hld for now. If it holds I expectwe retest the ATH and if bulls push hard enough even break above it. As always trade safely and not financial advice.
- Looking at the Q's a third test of the blue median from the rising blue trend channel seems to be in the making - If it doesn't hold, we look at the lower band of the blue channel as support. Here we also see confluence with the green support line from the previous 2020 correction bottoms. This would imply a 13% correction from the top - If things go south and...
This rally to me seems to be on it's last legs with all the positive catalysts priced in. Nothing however seems to do much harm to the current trading level, for which I believe the biggest cause to be that Smart money is not supporting this rally and it seems to be driven by retail/excessive speculation and of course elevated FED/government support. Looking at...
Enbridge long idea: - Break of triple top resistance level in symmetrical triangle pattern - Stochastic/RSI a lot of room to run on the monthly before reaching oversold - MACD monthly cross in the making - Momentum due to energy sector recovery - Quality dividend stock and rotation inflows This will take some time to play out but good risk to reward imo. As...
As we can see FSD Pharma is riding trendline support in a rising trend channel. Ready for break-out if the bulls show up today!
Now this is a stock that most likely not many of you will know, as it is Dutch in origin. Flowtraders is a so called flash trader with proprietary technology which profits on high market volatility and market volume. Without going into all the details, it is worth your time checking out their corporate website for more background: www.flowtraders.com As we saw...
Quite the fight going on today in the MJ sector. As expected we started the day bearish which was hinted premarket and injected with bearish news on the European growth outlook. Bulls however vigourously defended the low of the pullback and bought the gap down on serious volume. Bears did nog get much follow through on the pushback. Most likely scenario is to...
I've been following this stock for quite some time. As with most MJ stocks, this stock has been subject to hype/pump&dumps in the run up to legislation in Canada october 2018. After that we have seen a big retracement and correction to the current level where FSD has bottomed out. Change in the daily uptrend is marking the start of the next cycle according to my...
CGC broke trend today and will retrace to find a new base of support. After a near 50% increase in stock price this marked the temporary top
CGC lost the hourly uptrend and subsequently the 4H. After a move of almost 50% this will now retrace and needs to find a new base of support.
As I trade (with the trend) on the lower timeframes, here's a chart to back up my analysis on the weekly chart.
My sentiment on ACB is currently bullish, based on the following: - EMA 50/200 cross down on the daily december 20th 2018 marked loss of the daily uptrend and start of weekly consolidation - EMA 5/20 cross up on the weekly formed yesterday with strong close and after hours action - EMA 50/200 cross up for ACB is very close on the daily, signalling end of...