benedekdomotor

benedekdomotor

Okay, let's see what we have here. A massive "Bull flag" has formed on the daily chart, which is normally a bullish sign, but... But these are not normal times, as the NDX (Nasdaq 100 index) alone has lost more than 7% in a week. Any bullish pattern can end up as a false breakout, so trading these patterns requires precaution. So lets collect the bullish and the...

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We have two bearish patterns on the daily chart. A "Bearish flag" and a "Head and Shoulders" pattern. When the QQQ crosses the H. and S.s baseline/Point of Control (294.7), pay attention to the volume. If volume is high, a continuation is expected. But if the volume is low, the price might retest the baseline or even claim it back. It is because, MACD shows weak...

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ABNB held strong when the market sold off on 13.09. Now it's sitting at its one-month high, which is also the baseline of the inverse "Head and Shoulders" pattern and VAH (Value Area High). Stocks tend to cut through low-volume zones quickly. These are bullish signs, but the coming days will be critical as indices have a big impact on the movements of individual...

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Uber is about to break out of its channel on the weekly chart. The price is sitting close to its all-time Point of Control (POC). In general, when a stock is at the POC, a rapid move tends to follow. Moreover, if the price reaches the upper trend line again, it will be the sixth touch. Stocks usually break out on the fourth touch. Considering these facts and that...

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It looks like PLUG is ready to break out from its "bull flag" that started forming more than a year ago. The stock is sitting around its Point of Control (26.02, Fixed range volume profile). The more times it approaches this level, the more violent the shift will be in one direction. In addition, the stock is close to the bull flags resistance, which wasnt...

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Check out the textbook Bearish Flag on the daily chart. In addition to the pattern, several bearish signs are emerging. Take MACD cross or the tanking RSI as an example. Not to mention the POC and unfilled gap, which are below the current price. Moreover, the announcement of the earnings is coming up, and the last two reports have been disappointing.

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Several bearish signs are visible on the weekly chart. Let's take the Head and Shoulder pattern as our first example. We are touching its base (52.6) for the third time and did not bounce, meanwhile, the overall market rebounds (a bit). Second, the support-line (March 2020) broke and acts now as a resistance. The price even touched it once, and was rejected (31...

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XLF was down 1,3% on Friday, but NU kept its upward momentum from the previous days. RSI and MACD look bullish. In addition, the price ran into a weekly and a daily Pivot-point without any rejection. It is safe to say that the stock tries to reverse. The next resistance is at USD 5.

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At one point they wont be able to keep it up anymore. When is going to happen? I don't know, but sooner or later it will!

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This is obviously not good for the broad market. However, it's a promising sign for the ones who still trust in gold and other precious metals. If you want a nice entry, wait for some consolidation, because the daily RSI is overbought. Buying here could be riskier than usual. Resistance: 180,35 (61,8% Fib retracements from the highs) Support: 174,89 Price target: 183,67

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Snap performs quite well, despite the broad market weakness. I am seeing a huge opportunity here, but first, we might tank a bit more. Even to the P Pivot (36,03), and that will be a good entry point. If it gets below that, the picture will turn bearish. Support: 36,03 Resistance: 44,11

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To be honest, this doesn't look good. You can spot 2 Head and shoulder patterns on the daily chart. The second one is way smaller, the whole pattern is inside of the right shoulder part of the big one. If it breaks down the baseline, then we will likely touch the S1 Weekly Pivot at 328,29. However, I still have hope, because we will need a huge volume. Without it,...

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U is an upward moving channel. More specifically, we just touched the lower bottom. It looks like the support just gonna hold. There is a +30% gain opportunity. However, be careful because the broad market is looking weak. Price target: 142,10 If support breaks: 76,67

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Finally, we can see some reversal signs for ARKK. Such signs are regular divergence on the MACD indicator. Besides that: a sizeable volume with a green candle. RSI is oversold for the first time in years. And the price could stay above the S1 Pivot. However, there are some risks. The other big names such as FB, TSLA are looking bearish. Also the QQQ. So be...

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Technicals aren't looking that bullish anymore, with a head and shoulder pattern on the weekly chart. The bulls want to see the P-Pivot breaking, then we avoid the disaster. Bears want to see the break of S-1 Pivot when this happens... I just hope no one is around.

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A beautiful falling wedge appeared on the weekly chart. Normally, this is a bullish pattern. Combining it with the indicators, also with the price movements, then we get a bullish outlook. MACD indicator just painted a bullish divergence with higher lows on the indicator and lower lows on the chart. Besides that, we retested Dec 13. lows and it failed to sink...

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Despite the corrections in the recent weeks, we had a nice reversal in the last 2 days. Now we can see a huge bull flag on the daily chart. Several signs indicate that the run-up will continue. The MACD indicator shows a bullish divergence with lower lows on the price graph and higher lows on the indicator. And we had nice volume while the reversal from the S1...

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A nice bull flag appeared on the 3 hourly chart. After some struggling, it broke out with a nice volume. Besides that, we have numerous bullish signs such as RSI and MACD. Support at: 139,75 and 132,73