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Bullish Divergence

TSLA | Too Much Bearish News | LONGTesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; and purchase financing and leasing services. This segment is also involved in the provision of non-warranty after-sales vehicle services, sale of used vehicles, retail merchandise, and vehicle insurance, as well as sale of products to third party customers; services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. This segment also offers service and repairs to its energy product customers, including under warranty; and various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
NASDAQ:TSLALong
by DivergenceSeeker
1
BIOL | Time for a Bounce | LONGBIOLASE, Inc., together with its subsidiaries, develops, manufactures, markets, and sells laser systems for dental practitioners and their patients in the United States and internationally. Its dental laser systems allow dentists, periodontists, endodontists, oral surgeons, and other dental specialists to perform a range of minimally invasive dental procedures, such as cosmetic, restorative, and complex surgical applications. The company offers Waterlase all-tissue dental laser systems for cutting soft and hard tissues; diode soft-tissue laser systems for soft tissue, pain therapy, teeth whitening, and cosmetic procedures; and Epic Hygiene laser to manage non-surgical periodontitis and enhance clinical production. It also manufactures and sells consumable products and accessories for its laser systems, as well as markets flexible fibers and hand pieces, and teeth whitening gel kits. The company sells its products through its field sales force and distributor network. The company was formerly known as BIOLASE Technology, Inc. and changed its name to BIOLASE, Inc. in 2012. BIOLASE, Inc. was founded in 1984 and is headquartered in Foothill Ranch, California.
BLong
by DivergenceSeeker
1
NDX / QQQ: Broader Picture for Nasdaq 100 in Six ChartsPrimary Chart: Potential for Symmetrical Pattern in Two Major Segments of Decline Shown by Roughly Parallel Price Paths in Orange Many recent posts have contained a great deal of written analysis and explanation. This post is intended to be a chart-heavy weekend update on the NDX as reflected by its well-known ETF ( NASDAQ:QQQ ). This post will be far more concise and contain mostly charts and brief descriptions. Supplementary Chart A. The two month downward trendline from the mid-August 2022 peaks has been broken, a shift in shorter-term trend degree. Bears don't need to be told that something has shifted in the short-term. Like other squeezes this year, this one probably hurts. But note the yellow Anchored VWAP from 2018 lows, currently at $282.45—price looks like it will confront this level this week. Price will also confront a longer-term Fibonacci level at $286. These levels could be a spot where price could stall and consolidate a bit, perhaps into the FOMC presser on November 2, 2022. Supplementary Chart B.The weekly chart of the Nasdaq 100 shows the downward trendline very much intact throughout this entire bear market. Note the long-term VWAPs have now begun to slope downward. The long-term VWAPs are anchored to the Covid 2020 low and the December 2018 low. Price will confront the 2018 VWAP again in the coming days. The first test of that VWAP was repelled this past week after FAANG earnings largely missed (except for AAPL). The Covid 2020 VWAP approximately coincides with the down trendline from the all-time high. Supplementary Chart C. The next chart zooms in a bit on the December 2018 VWAP. This VWAP aligns quite well with the .382 retracement of the major decline from August 16 to October 13, 2022. This area of confluence is $282.32, and price may consolidate or whipsaw around this level before continuing in whatever direction it chooses after FOMC, though the rally appears as if it may have a bit more steam. Unless the Fed presser completely squishes the rally (a distinct possibility), a reasonable target is the .50 retracement at $291.60, but only if this .382 level and 2018 VWAP at $282 can be relcaimed. Supplementary Chart D. A derivative of the Bollinger Bands, the %B indicator distinctly shows a W-bottom pattern. As price made lower lows in October 2022, the relative lows were higher than September 2022 lows (relative means in terms of standard deviation from a mean). Supplementary Chart E. Weekly RSI shows a major positive divergence (also known as a bullish divergence). This has not yet been conrfirmed. Sometimes, weekly divergences can take quite a will to take effect—notice that the weekly negative divergences—starting with the RSI peak in late 2019) took about 2 years to result in a major bear market. In other words, even though there were negative divergences on weekly RSI, higher highs continued in the index until late 2021 where the final negative divergence was formed. This means don't front run a weekly RSI negative divergence, but keep it in mind, especially when they begin to add up. Analysis and Discussion. Short-term trends have clearly shifted, but longer-term downtrends remain intact with the bearish structure unaffected by the short-term noise. But as stated in my recent SPY analysis, don't fight the rally. Rallies are an inevitable part of downtrends, which by definition include lower *highs* and lower lows. There are reasons for a multi-week rally, though it won't be in a straight line. Plenty of resistance lies overhead, however. And the longer-term downtrend remains intact on logarithmic and linear charts. Maybe the Nasdaq 100 makes new lows next year in the first half of 2023. One possibility, however, is that the two major segments of this decline are roughly parallel. See the orange price paths on the Primary Chart, the first one of which follows price, and the second one of which follows price and then projects the hypothetical path that would be parallel to the first path. ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NASDAQ:QQQ
by SquishTrade
31
GROM | I'm A Buyer | LONGGrom Social Enterprises, Inc., through its subsidiaries, operates as a media, technology, and entertainment company that focuses on delivering content in the United States. The company operates a social media network for children under the age of 13 years. It also produces animated films and televisions series; and provides web filtering services to schools and government agencies, as well as acquires and develops kids and family entertainment properties and related business opportunities. The company was founded in 2012 and is headquartered in Boca Raton, Florida.
GLong
by DivergenceSeeker
3
SVFD | Let's Ride This One Up | LONGSave Foods, Inc., an agri-food tech company, develops and sells eco-friendly green treatments for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with oxidizing agent-based sanitizers for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay. The company's products include SavePROTECT or PeroStar, a processing aid for post-harvest application that is added to fruit and vegetable wash water; and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control plant and foodborne pathogens. It also offers SpuDefender for controlling post-harvest potato sprouts; and FreshProtect to control spoilage-creating microorganisms on post-harvest citrus fruit. The company was formerly known as Pimi Agro Cleantech, Inc. and changed its name to Save Foods, Inc. in April 2016. Save Foods, Inc. was incorporated in 2009 and is based in Miami, Florida.
SLong
by DivergenceSeeker
KSA | Time for a Bounce | LONGThe fund generally will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index. The index is a free float-adjusted market capitalization-weighted index that incorporates foreign ownership limits and is designed to measure the performance of the large-, mid- and small- capitalization segments of the Saudi Arabia market. The fund is non-diversified.
AMEX:KSALong
by DivergenceSeeker
LMFA | Credit & Crypto Play | LONGLM Funding America, Inc. operates as a specialty finance company. It provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois. The company offers funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It is also involved in the business of purchasing delinquent accounts on various terms tailored to suit each Association's financial needs, including under its New Neighbor Guaranty program. LM Funding America, Inc. was founded in 2008 and is based in Tampa, Florida.
NASDAQ:LMFALong
by DivergenceSeeker
2
RDHL | Good Entry Point | LONGRedHill Biopharma Ltd., a specialty biopharmaceutical company, primarily focuses on gastrointestinal and infectious diseases. The company promotes gastrointestinal drugs, including Movantik for opioid-induced constipation in adults with chronic non-cancer pain; Talicia for the treatment of Helicobacter pylori infection in adults; and Aemcolo for the treatment of travelers' diarrhea in adults. Its clinical late-stage investigational development programs include RHB-204, which is in Phase 3 study for pulmonary nontuberculous mycobacteria infections; opaganib (Yeliva), an SK2 selective inhibitor, which has completed Phase 2 study to treat patients with SARS-CoV-2 severe COVID-19 pneumonia, in Phase 2 study to treat advanced unresectable cholangiocarcinoma, and in investigator-sponsored Phase 2 study to treat prostate cancer; RHB-107, which is in Phase 2/3 study to treat outpatients infected with COVID-19 disease, and preclinical evaluation study to treat advanced unresectable cholangiocarcinoma, as well as has completed Phase 2 study to treat gastrointestinal and other solid tumors; RHB-104, which is in Phase 3 studies for Crohn's disease; RHB-102 (Bekinda) that is in Phase 3 studies for acute gastroenteritis and gastritis, and has completed Phase 2 studies for irritable bowel syndrome with diarrhea; and RHB-106, an encapsulated formulation for bowel preparation, which is preparing for Phase 2/3 study. RedHill Biopharma Ltd. was incorporated in 2009 and is headquartered in Tel Aviv, Israel.
NASDAQ:RDHLLong
by DivergenceSeeker
2
SNT | Very Oversold Conditions | LONGSenstar Technologies Ltd. develops, manufactures, markets, and sells perimeter intrusion detection sensors, physical barriers, video analytics and management systems, and security video observation and surveillance systems. The company offers Perimeter Intrusion Detection Systems (PIDS), fence mounted, buried, and free standing; PIDS fence sensor with intelligent perimeter LED based lighting; common operating platform for video management software, including intelligent video analytics applications, PIDS, and electronic access control systems; security thermal imaging observation and surveillance systems; and life safety or duress alarm systems. The company's products are used to protect borders and sensitive facilities, including military bases, power plants, air and sea ports, prisons, industrial sites, large retailer organizations, banks, and oil and gas facilities; sporting events, including athlete villages and stadiums, and municipalities from intrusion, terror, crime, sabotage or vandalism to infrastructure, assets and personnel. Senstar Technologies Ltd. sells its products through system integrators and distribution channels. The company was formerly known as Magal Security Systems Ltd. and changed its name to Senstar Technologies Ltd. in September 2021. Senstar Technologies Ltd. was incorporated in 1984 and is based in Ramat Gan, Israel.
NASDAQ:SNTLong
by DivergenceSeeker
BTC Volatility Is Building (Price Projection)BTC has successfully bounced from that Bullish Butterfly and is currently trading above local resistance within a Bull Flag on the lower timeframes. Upon Breaking out of the Flag, I think that we will see a Square Up in price action to recover the 19.5k and 22.4k areas. From there we might pullback where we then could potentially form an Inverse Head and Shoulders pattern which could then take us Much Higher but for now my focus will be on the 19.5k level.
COINBASE:BTCUSDLong
by RizeSenpai
4
EL - Strong Price ActionEL formed a bullish divergence on the monthly chart after capitulating on 3 Nov. It then began a "recovery" where there were several attempts to break a resistence zone (228 - 231.5), and finally breaking above on 18 Nov. Alas this proved to be a fake break as it went back below the neckline, eventually finding support only at the 61.8% fibonacci retracement of it's recent AB swing. The last 3 candles then showed a decisively bullish momentum in it's "recovery" : a huge bullish candle (30 Nov) on high volume that propelled it above the neckline again followed by small inside day near the previous candle high, and then another strong candle (last Friday) that did a quick retest and strong rebound from the neckline. Clearly it's momentum is bullish now although it could hit into short term resistence when reaches the 200 day moving average in the coming days. Trail stops up according to your trading pesonality (20 or 50day MA, last pivot low, fib retracement levels, trendline support etc). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:ELLong
by Juliac
$BITCOIN - LIGHT @ the End of the Tunnel Hello my Fellow TraderZ, First of all , I'm really sorry for the days I did not post any updates on the Market. Reason being was that too much got engaged in the Person Life but now things are getting better, so will try to update on the regular basis. OK...I see in my absence #Crypto market has tumbled down a lot breaking the nearly 5-months established temporary SUPPORT which many claimed to be the BOTTOM. This is the beauty of the market, it never adjusts according to what we want but we must adjust ourselves in order to flow according to the Market (ocean of liquidity). So, I am not saying worst is over or it could be over in BLAH & BLAH days/months/years, but when it will happen will come to know. As of now, can clearly see BULLISH DIVERGENCE is in formation on the Weekly RSI against the #BITCOIN PA. But still this is my Projection. Since it is in weekly so it could take a little bit longer to play out. Else, in lower TF, if we have to be bullish then it is must to break the recent high of ~25K so then we can see like 28-30K. Whatsoever, if #BTC behaves, will share few #Alts setup. Happy Trading Family. CHEERS!!!
BITSTAMP:BTCUSD
by TRADER-GOKU
4
Crypto Market Cap: The Next TOTAL Bull CycleCrypto Market Cap ( TOTAL CRYPTOCAP) works hand in hand with the next GOLD: the one and only king Bitcoin (BTCUSD). In the Bullish Idea I posted for BTC, I was saying that BTCUSD will start flying to $250K and + , once the Supply Zone at $10K is met. Bitcoin Weekly: TOTAL (Crypto Market Cap) has the same pattern. So, no matter how many coins and tokens are out there, there is only one king: BTC! In case you're wondering, TOTAL2 and TOTAL2 are moving the same. All eyes on Bitcoin! I am bullish on the Crypto Market, and have good reasons. When the :poop: will hit the fan with the Fiat Markets, the Crypto Revolution will start. Crypto Market Cap ( TOTAL ) Technical Analysis: * Elliott Wave A-B-C Pattern * Harmonic Pattern: Bullish Cypher * Ending Diagonal * Bullish Divergence * Fibonacci Retracement: 88.6% * Demand Zone Good luck my fellow HODLer! Richard, the Wave Jedi
CRYPTOCAP:TOTALLong
by EW4X
9
BNB/USDT: LONG SCALP SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this BNB trade update. BNB looks bullish here. Forming a falling wedge-like structure in 4hr time and bouncing from there. RSI also shows bullish divergence. Long here. TP1:- $274 TP2:- $288 TP3:- $306 TP4:- $324 SL:- $248 Leverage:- 5x-10x (According to your risk appetite) If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
7
Optimism OP - New Poop Coin Going BullOptimism heard about the ETH rush and wants to piggy-back. By looking at it, it has potential. Nice project, however, I am not so keen on these newly grown "mushrooms" right after the rain. But, you asked.. so, I deliver. Levels of Interest: $0.5 , $0.35 , $0.1 . Optimism OP ( OPUSDT , OPUSD , OPBUSD ) Tech. Analysis: * A-B-C Elliott Wave Correction * Harmonic Pattern: AB=CD * 88.6% Fibonacci Retracement * 61.8% Fibonacci Extension * Bullish Divergence * Descending Wedge or Ending Diagonal Thanks for HODLing ..
OLong
by EW4X
4