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Bottomingformation

Oatly Whats likely, More Price Decline or Bottom reached?Hi Guys. This is a Technical Analysis Update on Oatly, (OTLY). On the 1 Week Timeframe. We are in a critical area for OTLY. We have continued our DECLINE from the REJECTION area With last weeks candle close, We have CLOSED BELOW the "MAJOR SUPPORT" Area. This candle close isn't enough information to assess what comes next. The next week or the next couple weeks we need CONFIRMATION. So its important to observe what happens next. So couple of scenarios can occur: 1. We confirm back ABOVE the MAJOR SUPPORT line. Leading to the formation of a DOUBLE BOTTOM pattern. This would confirm our bottom for OTLY, and we start to move back up to Resistance levels. 2. We CONFIRM our break BELOW the MAJOR SUPPORT. Leading to not only ALL TIME LOWS, but the potential for the DESCENDING Triangle to play out. If thats the case, we can go as LOW as $0.40 cents. But without data points, its hard to assess if we do go down that far or stop before. Notice also the "Bullish Divergence Trendline" on Price action. This line coincides with our "Measured Target". Could be an area where we bounce from and be a potential Bottom area. 3. Ideal scenario would be we come down a bit lower from the Major SUPPORT Line and start our way back up ABOVE "Major Support". This would form a "Head" and play into a potential bottoming pattern, the Inverse Head & Shoulders pattern. The First green circle indicating our 1st bottom of potential double bottom, would be our left shoulder. Watch also the RSI. We are nearing a Support test on the "Bullish DIVERGENCE" trendline. We want this to stay as support. We don't want a break and confirmation BELOW the RED dashed line. It could negate our Bullish Divergence Trend. The STOCH RSI is also something to watch. We have traveled BELOW the 20 level. Extended stay below here, would indicate further Price DECLINES. We would like to see a BUllish cross back ABOVE 20 level for Bullish Momentum to come in and push prices back up. If we do get a cross, then Double bottom is likely. We need to stay level headed as OTLY bottoms out. Take it one step at a time with an objective mindset. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on OTLY in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:OTLYShort
by SafofAllTrades
7
Dark Pool Buy Zones for Trading Momentum or VelocityDark Pool buy zones, identified with Relational Technical Analysis of the candlestick patterns and where they form in the long-term trend, along with indicators that reveal large-lot activity, are the key to preparing early for momentum to velocity runs for swing trading, position trading and even for planning long-term investments. NYSE:CHWY is working on a bottom, finally basing and now starting to test the bottom completion level. This can be a strong resistance level where Pro Traders who started a swing trade from the lows are likely to take profits. Often we see a sideways action develop at this level, the lows of which are usually confined by the support level built on the way up. This would be the level to watch for the next buy entry signal. If it consolidates narrowly or briefly, then there is potential for a momentum swing trade. If it platforms a little wider but within the last support level, then a position trade entry can develop.
NYSE:CHWYLong
by MarthaStokesCMT-TechniTrader
Coinbase Gearing Up for its next MoveHi guys! This is an Update on recent Technical developments found for Coinbase (COIN). I've successfully identified the Inverse Head & Shoulders Pattern. Check out that idea down below. We have completed the Return Rally back to test Support on the Neckline. Now ive been assessing if there are signs that we continue the Inverse Head and Shoulders with our final explosive breakout move. This analysis is done on the 1 day timeframe. As you can see we have tested and CONFIRMED Support on the Neckline. After doing so we have inched higher. Notice now, we are ABOVE the 21 EMA. With the last 3 days of candles, forming LOWER WICKS off the 21 EMA. This is a great sign of SUPPORT. We must continue to stay ABOVE the 21 EMA. Being Above the 21 EMA on any timeframe indicates that we will most likely have an UPTREND in price. Notice also the Orange Rectangle. This highlights a consolidation zone. This shows to me that we are building up momentum for our final rally of the Inverse Head & Shoulders Pattern. A confirmation ABOVE the Upper Border of Rectangle, will indicate Rally may be starting. To keep us on our toes, just remember that if price action goes BELOW the Lower Border of the Rectangle, we risk testing the Neckline again. Which is always a possibility . As long as we maintain the Neckline as Support, we good. Watch VOLUME -> We need it to start picking up for indication of the major move. This move will essentially lead to trend reversal for COIN, confirming the bottom. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on COIN in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:COINLong
by SafofAllTrades
6
Virgin Galactic New All Time Lows & Price Decline TargetsHi Guys! This is a Technical Analysis on Virgin Galactic Holdings (SPCE) on the 3 Day Timeframe. We have been on a continual PRICE DECLINE since our MAJOR REJECTION, June 22, 2023. Its depicted by the Massive ENGULFING BEAR Candle. This area was also a Major RESISTANCE area with convergence of the RED and PURPLE lines. Note that Previous times we've had touch points on the PURPLE Upper Trendline of the Channel we've had massive PRICE DECLINES. 1st one = 53% 2nd one = 60% 3rd one = 54% At the time of my previous posted Idea, we had closed below the BLACK SUPPORT trendline. But i mentioned we needed "Confirmation". Well its absolutely CONFIRMED, and thus continual price decline. (Check out my previous idea on SPCE BELOW for more context.) We have also reached 2 of our 3 TARGETS mentioned on my previous idea, with continual BEARISH momentum therefore the update. We are Currently in the process of printing a New Lower Low for SPCE, with the break of our MAJOR SUPPORT RED Dashed line. Note also: Since this is a 3 day chart, we close the candle on the 17th of August. We also would need atleast 1 more candle after that if not more, that confirms the BREAK of SUPPORT. With our current momentum i believe we may have further DECLINE. 1st Target = BLUE Support Trendline 2nd Target = PURPLE Lower Support Trendline of Channel For Awareness -> It is possible we bounce from the BLUE line, a potential retracement being the BLACK trendline we initially broke out of. Keep an eye for Confirmation of Support. But I still do think its PROBABLE we touch the PURPLE Channel as our Final Target, and potential BOTTOM. Whether right away or after the bounce play mentioned above, hard to tell currently. I like this area because it would Strengthen the BULLISH DIVERGENCE currently forming. (Provided the signs of BULLISH DIvergence remain in our indicators). I see this as a necessary capitulatory move, flushing out weak hands and setting out a Bottom Base. At the end of each PRICE DECLINE, when we interact with the PURPLE Lower Trendline of the Channel. It leads to a significant bounce back up to the Upper Trendline of Channel. I won't highlight the % gains. I want you to Measure them for yourself but there MASSIVE gains. Keep that in mind. On the RSI, we've been REJECTED. Now we are moving towards the lower Support line that coincides with the BULLISH DIVERGENCE Play. We need to maintain SUPPORT here. Furthermore, for our BULLISH DIVERGENCE to play out we need to BREAK ABOVE Rejection zone. STOCH RSI is currently Below the 20 level. We don't want to be here for too long. We need to see a BULLISH cross above the 20 level. It moving towards the direction of the 80 level. The BULLISH cross should occur after touching one of the 2 TARGETS. Just keep in mind, if we are going to go to the PURPLE line, we may be staying down here for weeks to couple months. Keep an eye Notice also our VOLUME -> Our volume has been picking up since RJECTION. Which validates this Downtrend. Was giving us some hints before New Lows. Just food for thought: As a trader always have your options open and be flexible. We do not have crystal balls of what price will do. Being unpredictable, markets do what they want based on human psychology so never fixate on one target. Keep an open mind to different possibilities. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. ***Read my Previous Analysis BELOW From 08/06/23 For More Context! Stay tuned for more updates on SPCEin the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:SPCEShort
by SafofAllTrades
13
Is INTEL CORP exhibiting signs of a major bottom?INTEL stock has been decimated the last few months, due to growing competition, decelerating revenue and decrease of dividend. Is it dead though? Here is what the chart is saying: Big downtrend since April 2021. On October 2022, the stock has started a consolidation/base in form of a range between 24.90 and 30.85. This range could be a bottom formation . See also the double bottom on the chart. Note that bottoming pattern takes time and this one could continue for a few more weeks/months. However a break out of the range (31) could confirm a change of trend and a long trade/investment. Keep monitoring this stock in the next few days/weeks, set an alert at the top of the range. If it breaks out of the range, it will be time to initiate a long position. Note that there was a lot of institutional buying in February 2023. On watch.
NASDAQ:INTC
by Elpidaldo
GEO: Michael Burry bought more GEO Michael Burry has bought more shares of this REIT so I thought I'd give a look at the chart for those who want to follow him. What the chart is saying: Big downtrend since May 2017. In May 2021, the stock has started a consolidation/base in form of a range between 5.5 and 9.54. This range could be a bottom formation. Note that bottoming pattern takes time and this one could continue for a few more weeks/months. However a break out of the range (9.54) could confirm a change of trend and a long trade/investment. Keep monitoring this stock in the next few days/weeks, set an alert at the top of the range. If it breaks out of the range, the first potential targets are 11, 13.90 and 17. I remain neutral for now. On watch.
Editors' picks
NYSE:GEO
by Elpidaldo
11
$WORK Looks To Have Bottomed$WORK looks to have finally bottomed. The stock got a lift today after Slack (NYSE:WORK) was initiated at Overweight at Wells Fargo with a $30 price target, a 50% upside. WORK shares have a Bullish average Sell Side rating. Last month, Slack reported Q3 beats, an inline Q4 outlook, and an upside FY view. Wells Fargo says the competition concerns surrounding Slack (WORK +2.4%) ($30 PT) are now overdone and sees the current setup as "favorably skewed." With 17% of the float short, there's room for a short squeeze. Slack Technologies, Inc. operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc. and changed its name to Slack Technologies, Inc. in 2014. Slack Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California. As always, trade with caution and use protective stops. Good luck to all!
WLong
by InsiderFinancial
Where Will The Bitcoin Bottom Be !?Welcome everybody, I hope you guys find something here you can use long term in your own trading. This is my long term BTC chart. It is pretty simple, I just want to sit and relax and wait for the bottom to be hit and formed. Then the fun part starts scoping cheap bitcoin and alt-coins for some fun 10-20x increases long term. Alt-coins follow btc most of the time unless they are extremely hyped for some reason in the short term. Remember, historically the later years bitcoin have been moving sideways for months after hitting the bottom. ( there may have been exceptions but I'm thinking the 2018 bear market primary - recent times ) So I assume that will be the case again. And nothing really points to it won't be like that this time. Some serious whales are needed to push the price up in 2019 compared to in like 2015. Not 1 whale...I dont believe such foolish idea.. I think a group/group think - of whales is needed to start pumping the price for the reversal to happen. And they will first do that when their bags are full of cheap btc/alt-coins. That is why we saw btc go sideways for months at the bottom at 3000-3500 ish usd. The whales are buying up slowly but surely every day. BTC Whale = Really rich person. Let's say 100 to 500 millions usd in their trading account. Those who can move the market and are professional traders by trade. They crush/out-class the retail amateur investor/trader. It is like playing football vs professional football players...it is not even fun hahaha. The chart pretty much explains itself. When we hit a green zone, we just sit and count the months. When we see a breakout over EMA 100 or 200 it is most likely time to buy in/last chance to buy in if you want maximum profits with minimum risk. = most possible profits long term. This was all for today. Have a nice day, Christmas and New Years Eve from here :)
BITSTAMP:BTCUSDLong
by Confucius-The-Great
4
CMT BTC Macro AnalysisCMT BTC has an long and wild history and has brought in alot of trading volume recently, sparking at all time lows. The bearish momentum appears to be low due to there being no more descending fibonacci fan trendlines coming down from the all time high. The sine lines and horizonal fibonacci show the periods in time where i expect to see price movement. There is a W shaped reversal pattern on the local timeframe, which may lead me to believe that this alt coin has bottomed out; however i wont be making any trades on this pair until we see some confirmed upwards movement. I will use moving averages analyse the momentum in the short term. Not an expert, not advice. Biffy
C
by Biffy