Currently having some form of resistance around the RM0.98 region, having able to surpass this, I believe MYX:AIRASIA has much room to move higher.
Targeting an initial area of RM1.50, then RM2.12 and further RM2.63 (lesser probability) IF the initial RM0.98 resistance area is broken.
These are just my views and in no way represent any buy/sell call or...
Hello traders and investors! Let’s see how AMZN is doing today!
Today’s reaction in the 1h chart might be just a Dead Cat Bounce, as long as we lack bullish structure. However, AMZN is doing some interesting patterns, and it is worth to pay attention to them, as they might be early signs of reversal.
First, AMZN is seeking its 21 ema again, and if we defeat it,...
TLDR : Expect ranging , dip and then blast to orbit
For valid supply takeout pattern structure should have these components:
- clean stage 1 ahead of it
- does it have stage 2 (both of those stages are a must)
- does it have stage 3 (optional, but its a plus)
The most important stage 4 is a momentum takeout, or if not that, at least an obvious micro shelf buildup...
The Australian Dollar may be resuming its top against the US Dollar after a potential 'Dead Cat Bonce'.
A bearish 'Death Cross' is still in play between the 20-day and 50-day Simple Moving Averages.
Still, the 200-day SMA is playing out as key support.
A turn back lower and downtrend resumption entails clearing the June 21st low. Such an outcome may open the...
Hello traders! The S&P almost hit our target at 4,118 (only 10 points from it...), but it still could reach there. We must be careful with the resistance lurking around the 4,175. The S&P could hit there and drop again.
We still have a strong divergence on RSI, and the price is still looking weak. Be careful with the Dead Cat Bounce. I wonder if we'll finally see...
Hello everyone,
I believe bitcoin is in a very awkward stage right now. Is it bullish? Is it bearish? Here's my honest take on bitcoin right now.
For the short term, I think bitcoin will drop. Where? I think a perfect bounce would happen around the .382 Fib level. This aligns with our "possible" upward support line, daily 100 moving average, and the bottom...
I am still bullish on bitcoin price and i believe we can reach a minimum $80,000k this year but in short team i am not sure where the price can go. I think we can reach and $43,000k before go blast off.
Hi everyone,
This idea is a follow-up on the previous one "GME GAME OVER" where we discussed the potential bubble structure phase "return to the normal".
If that phase is in development via upcoming bullish engulfing patterns, we might try to close the previous bear gaps and thus rallying to the upside.
www.google.com
The moment the potential rally would lose...
Good morning traders,
We've had quite the eventful Saturday morning, (6:30am currently where I'm from) after breaking down from the rising wedge in my previous technical analysis I've posted for the community.
This is starting to look like a dead cat bounce before continuation to the downside.
Why?
1: No volume on the relief pump (which tells me this is...
Probably the only tech giant with legit growth that given you such an interesting re-entry.
Caveat emptor, what if they delist BABA for its links to the chinese communist party ? Would that end the party ?
High risk, high return i guess.
Hello traders and investors! So, Tesla hit our target today! The $ 359 proved to be a strong support for the stock. Now, let’s see how to proceed.
First, keep in mind that Tesla is still in a short-term bear trend , and the 21 ema, along with the previous supports, are going to work as resistances next. Right now, TSLA is struggling at its first resistance,...
Hello traders and investors! Let’s see how Apple is doing today!
First, AAPL is doing a pullback, as we’ve been warning here since the beginning of this month (links to previous AAPL analysis below) and the hourly chart is still very bearish.
It lost the support around the pink line at $ 110, and now it is trading under the 21 ema, doing descending tops and...
Hello traders and investors! It is Friday, and as usual, let’s do our Multi Time Frame Analysis (MTFA) on SPX, starting with the hourly chart!
The momentum is still bearish for the index, but the support around the red line (3329) is holding the price pretty well. But SPX is doing descending top, meaning the buyers are not strong enough to keep the prices...
Hello traders and investors! Would this be a Dead Cat Bounce? Or will Tesla fly again? There are some key points to keep in mind.
First, if we look at the hourly chart, Tesla is just doing a pullback to the 21 ema, which is normal and expected. The problem is that the pullback is too intense, and this spoils the bullish momentum.
Since the stock gapped up...
