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Crossunder

HUDCO (NSE) long term analysis BUY we can see the price is in a bearish move and MACD is showing a huge Divergence the price had touched the lower bound of the bearish chancel and we can observe there is under cross in MACD line and soon we are expecting a reversal in the stocks movements it has already broken the Ichimoko Cloud also which is again an other confluences in the bullish reversal the first target should be the 48% level of long Fibonacci retracment 14RS can be a good stop loss and 58rs is the first Target Point
NSE:HUDCOLong
by BitonGroup
BTC - D1 - H4 - H1 - MBB ON D1 @ 32455 IS THE KEY PIVOT LEVEL !D1 : As mentioned yesterday, failure to recover at least above former mid black candle (@ 36810) triggered renewed selling pressure, in putting, overnight the focus on MBB, currently @ 32455 MACD cross UNDER !!! H4 : Failure to recover and hold above the clouds, in conjonction with a rejection at the 50 % Fibonacci retracement (@ 36130) triggered selling pressure H1 : Picture is pretty clear, pullback failure from the Jan 11th low @ 30237, rejecting by both 50% Fibonnacci retracement, previously mentioned on H4 and by the top of the clouds resistance area around the 36'000 level CONCLUSION : A failure to hold above the MId Bollinger Band (MBB) would trigger a downside move acceleration in opening the door for 29'000, which is the 50 % Fibonacci retracement of the 16218-42000 recent rally, ahead of 26'066 (61.8% Fibonacci retracement) On the upside, no change in my view and only a clear upside breakout of 36810 would force to a view reassessment of the expected bearish scenario, calling for lower levels. For the time being, BTC remains a SELL on rally on a broad bear trend
BITSTAMP:BTCUSDShort
by Ironman8848