Uncertain on a double top rejection, or a break through. Nothing necessarily screams short here, especially if next week follows up with some more strong buying volume.
Currently in a indecision triangle on the 1H, in the middle of a dramatic retrace since the 2017 IPO. No clear trends here, wouldn't even like to trade this stock, would not even think of holding.
CVSI forming a rising triangle formation, and starting to fill out on the 1H/4H TF. The volume looks descending, and low enough to have price action IF there is not significant buy volume in the next few days, price action could easily fall back into the closest supports: 50 EMA, parabolic advance, previous ATH. IF significant buy volume within triangle, easy +10% trade.
JPM has entered a bear channel since March, but has broken out (barely). The next few weeks will determine if it takes back long term diagonal support (solid), or falls back in the short term bear channel (dotted). However, there is very strong psychological support at $100.
When RSI is at 75 there is a strong reversal indicator.
Charts very obvious technical patterns over time, mostly double tops, with a few (I)H&S patterns. Price action is currently in a strong accumulation zone, and is prime for a decent bag to hold for take profits at 10%, then again around 16%. I don’t play with triple top resistances, but with some decent buy volume it could be a nice breakout - TECK is no stranger...
Falling wedge playing out with volume picking up (good sign). There is a possibility that a fake out can come back into the wedge. However, the volume looks good enough for a continuation bull trend here.
Currently on a strong parabolic trend line. It is so far away from the 200 EMA at this ATH level that it has not been in contact since 2016. Even if the parabolic trend is broken, there is strong horizontal support from 1500-1600, and strong linear diagonal support (black dotted line). Overall a nice long, but am a bit weary about the seperation from the 200 EMA....
NFLX reacted to the ATH double top resistance. Big green candle printed near previous ATH + double top resistance - now support (good accumulation zone). Now there is the journey to fight though the current resistance, and challenge ATH once more.
* RSI has been a slight leading indicator for the current bull trend around 42-44. *
The other scenario is that...
Very strong & steep bull trend. Price action plays close to the 50 EMA, and lives above the 200 EMA. Though the 50 EMA crossing over the 200 EMA has proven to be bearish - it is unreliable as a lagging indicator.
Volume is slowly decreasing overall, picking up when in contact with resistance of the possible falling wedge. Shows that it may fully respect the...
This USB chart is almost linear since late 2011 to date. Which is very nice, and preformed just under 200% since late 2011. USB is a strong linear chart for a passive investor.
It is beginning to fill out an ascending triangle. If this ascending triangle plays out - it is either a bullish case, or a continuation pattern (for very long term investors). This...
Though ADDYY has proven to be a nice growth stock over the last 10 years compared to market average, I’d imagine that everyday investor would not be sold on its periodic volatility, that has made a sporadic -15% dip from time.
50 EMA crossed the 200 EMA on the 4H time frame, and looks like the same will happen for the 1D time frame. This is not necessarily a...
Nike has proven to be a decent hold the past 10 years (with exception of 2016 - 2017). Not many technical indicators to show and pending movements for Nike. However, there is a possible rising wedge that could play out and bring it back to the 200 EMA, or 2015 ATH support line - within the next ~3 months.
This chart was solely for a historical visual for the S&P 500. As I look at the technicals for indications for previous reversals, I do not find anything solid. However, I am well aware of the hysteria that was around for the .COM & Housing Market Crash. This leads me to believe that, even in this market today, a reversal will have to be driven by a possible...
Strong long term hold while in this channel for investors, and an opportunity for a short, for the traders, current price action looks like it may fully get rejected and cross back ~ -50pts into/under the 50 EMA.
- $175 to $195 is the current ATH resistance point ( rejected 3 times) - proving to be quite the resistance.
- A (possible) repeat double-top...
From a technical perspective, UNH is a strong long term hold, very bring for a trader because it's volatility. UNH has proven itself in a strong bull channel trend, it even respects the channel support the most, and tends to periodically break through channel resistance before returning to the channel.
*Interesting Takes*
1. Rising Wedge - UNH has temporarily...
