Eth as shown on the 2 day chart has been trading in a tight range forming an ascending triangle pattern. There is no confirmation yet but things are setup for an impending move with a bias to the up side
Taking a speculative long position on NASDAQ:BRKR based on momentum indicator and volume. Slightly risky play here as earnings is due soon.
The GBP/USD chart shows a steady slide. Weakness is even more pronounced against the other major currencies. There is little confidence in the Stamer administration's manifesto to formulate sensible fiscal policies that "rebuilds growth"
Visual representation of price momentum. Here we have a sequence of swing highs and lows with increasing aggressiveness. Not all price action are equal and knowing which signal to take/ignore is NYSE:KEYS
Based on multi timeframe momentum and cycle analysis , Telos is making a potential reversal from the existing downtrend. Price has already moved off the bottom and those with a more cautious approach may wish to wait for the first correction before entry.
NASDAQ:SWKS Chart shows NASDAQ:SWKS with 2 similar long breakout patterns. So why we take one trade but ignore the other? The answer is volume. We want volume to be on our side or otherwise the price maynot be "ready" for the move. For volume we need to look at the daily timeframe. Using a customized volume oscillator bassed on Chaikin Money Flow and...
Name give to the indicator due to its striking resemblance during volatile perids to Wat Arun , Bangkok Thailand. And yes I initiated long position NASDAQ:BMRN basd on this indicator and no, it is not related to the Aroon indicator (which I find confusing to read and use)
NYSE:ABT momentum and cycle analysis suggests likelyhood of a near term reversal of the current downtrend.
A commentary using NASDAQ:MSFT chart A multi-timeframe momentum indicator of MSFT is shown. As the arcs demonstrate, each time the + and - angles diverge, a strong trend ensues, and lasts until the angles begin to converge. This method highlights the value of segregating price action into its sub components. This momentum oscillator is created by...
NASDAQ:RARE chart shows strong short term momentum in what could be a reversal of the existing downtrend. Althought price actions suggests a possible long, volume (oscillator) is weak suggesting a strong possibility upside could be capped. As such no trades will be considered here. Now I should note that volume can sometimes be misleading and it is plausible...
NYSE:APD released its Q2 results yesterday. I had bought earlier in the week betting on a technical reversal. Share price tanked in market hours trading and I was mentally prepared to cut my losses. However, today, share price is currently trading in the green and affirms my previous bullish thesis. Upside momentum is sustained and volume is healthy. Will...
NYSE:DT chart shown on a multi timeframe momentum indicator. We like the chart for 3 reasons: 1. Momentum indicator making parabolic curves, one of the strongest signals in our books. 2. This is the second move up following a failed breakout attempt in early April. 3. Rising volume. Its peers NASDAQ:DDOG and NYSE:ESTC also showing strong price action.
NYSE:CWEN Taking a speculative long position base on price action. On the daily we see the price attempting to break out to the upside only to fail on each of the previous two occasions. What is different this time? The answer is multi-timeframe analysis. Here we see the same indicator aggregated across multiple timeframes overlayed over the 2-day chart....
NASDAQ:TSLA gapped up today signaling a potential trend reversal. However, volume is weak as shown by the volume oscillator. Will wait for further price development. Volume here is used a trade filter. It is possible that price continues to move higher as the daily chart alone does not portray the full picture.
NYSE:MCD Multi-timeframe analysis indicates strong momentum on to the upside giving a higher probability that a trend reversal could be in play. On the daily, we see short term bullish price action confirmed by volume (denoted by the highlighted circle. These charts in combination allows us to initiate a trade to the long side.
NASDAQ:TSLA showing signs of a reversal on the daily chart. Momentum indicators (middle) suggest strength to the upside although volume (bottom) is weak and for this reason I will remain on the sidelines at this point in time. PS. The volume indicator is a proprietary oscillator that combines both Chakin Money Flow and On Balance Volume Flow concepts. It is...
A retrospective analysis of a long trade using NASDAQ:NVDA Recently, we have seen many articles arguing that the market is overvalued, the bubble is giving .com era vibes and so on. Whilst there is certainly some truth to such claims, these statements stem from emotional outbursts based on fomo, fear and not knowing where the market is going. As...
Taking small long position on Nestle based on mometum and volume trend reversal. Waiting on 3-day chart for confirmation before consideriing to add to my position.