AMC is currently testing the macro resistance for the 4th time. The stock is currently getting pinched between the Bollinger Bands. RSI is oversold on all timeframes. In 2021, AMC started making moves after MLK day. Hell of a lot of options expiring on Friday. Impossible to say if it will be a bullish or bearish move considering everything we've seen...
Both the DJI and the SSPX have been trading within this Descending Broadening Wedge since the year begun and both have shown Bullish Variables that have allowed it to hold above a Horizontal Support Level. In this time The Potential for a Partial Decline has made itself present on the chart but the SPX has yet to confirm the Partial Decline of the Descending...
Since first identifying this Cypher on the weekly I have noticed that BTC seems to have been trading within this huge Falling Wedge and now this week after bouncing up from a much Smaller Daily Timeframe Bullish Shark for the second time, it is attempting a weekly Breakout of the more prominent Falling Wedge. The Measured Move for this wedge breakout would be...
We are looking for an entry on this one. Has some great potential for profits if played correctly
If it can hold the .50 cent barrier, which is a psychological hurdle, them $38 is next. Past $39.50 there's not much resistance.
To prove my point that there is more than one way to look at a stock. Some people may be playing with the level of this yellow line. A break above it would be a buy signal for some. A break above my consolidation from the previous post would be a buy signal for others. The trick is...which do you think is more valid? What are other traders looking at? The...
Consolidation still valid. I am in. Waiting for a break higher. 1: You could enter now 2: You could wait for the breakout 3: You would wait for the breakout, then a retest to confirm new support. Always more than one way to play a stock. Just depends on your own risk tolerance.
R2G and now creeping up to that resistance line. Let's see if it can break through today.
Long time consolidation here from Microsoft Lets note the volume push right around the POC and volume shelf right to the top of the triangle. Nice push, and a couple of dojis tell us the bulls are really staying in the game here The possibility increases that we can see a nice end of year push to 230+ Come join us for more charts like this, and live stock...
Well guys, I dont think anyone saw that offering coming, as we say, anything can happen in the stock market! I've made some adjustments to the previous chart. We can see a clear break out of the falling wedge, and a nice move over the POC on the volume shelf. Green lines are support/resistance. Purple line indicates a pure bullish takeover. Huge spike friday...
The pattern has resolved and it appears we are trading in a range with some relatively tight price action. A brief break to the upside did not have the power to reach through higher fibs but should give some idea of what type of move this range could yield.Watching, with alerts set for a break of the range and fib.
A bit range bound narrowing for 6 months. Will declare itself soon. #breakoutwatch $MCHP
Is it returning to the point of break out or faking out and heading much lower?
selling probably done..watch for b/o..bias is long jnug nugt gdx, short jdst dust