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Goldencross

Bullish Flag breakout for PRMW?The KST has seen some very healthy bullish crosses, I've placed three green finger icons to represent each golden cross. It's always possible we see a fake-out to the upside similar to the fake-outs to the downside where I have placed the two sideways blue icons underneath the baseline support of the pattern. On the RSI it's possible we see a retest of the downward red sloping resistance of either a descending triangle or bullish flag, if we get a retest and rejected the bottom of the pattern is going to need to hold for the bullish flag to stay in play.
PLong
by ScotianBot
Bullish Flag breakout for DKNG??It appears as though DKNG is breaking out of a bull flag, very interesting bullish cross on the KST. The first green finger on the KST back in April is what we want to see happen again, not like the red finger icon in July which basically resulted in choppy trading. Higher lows on the RSI and it's looking like a higher high is going to occur in the near term. Overall a few bullish indicators, add to the fact Michael Jordan Joins DraftKings as a Special Advisor to the Board and there's sentiment for upside price action.
NASDAQ:DKNGLong
by ScotianBot
Potentially an Ascending Triangle forming for OSTK?It appears as though a Head and Shoulders on the RSI & KST has already played out to the downside, notice the blue Descending Triangle with the red colored lines representing the H&S on the RSI. Investors should acknowledge that the previous CEO of Overstock was great friends with Warren Buffett and spoke with him privately before departing the company. I find no coincidence that Bank of America is now involved with book running a financing regarding OSTK, interesting. Buffett recently ventured into Gold by buying shares in Barrick Gold, "if" Buffett was going to buy anything crypto related I would imagine Overstock is of interest. Buffett sold basically all his bank stocks except Bank of America, interestingly Buffett bought more Bank of America. tZERO said Hong Kong-based private equity firm GoldenSand Capital (formerly known as GSR Capital) has bought a 5 Million stake in the company earlier in the year, I mentioned before I wouldn't be surprised If Chinese investors are supporting this stock heavily now, especially since China is rolling out their new digital currency. It would make sense given the parabolic rise in the OSTK since the announcement and chart I've linked to this chart. Nothing wrong with a little speculation. Back to the chart, if we get a bounce off the green upward sloping support and the price gets rejected at the horizontal green line of the potential Ascending Triangle, the RSI is likely get back into what was a descending triangle and could potentially top out at the downward sloping resistance of the blue pattern in the RSI. Or, It's possible OSTK could get back into the blue pattern on the RSI and create a support at the base of the pattern to then look for some higher high creation. We've possibly seen a blow off top that will end in a bearish H&S pattern that has already played out on multiple indicators. Interestingly, the price has not formed the right shoulder yet, I have placed three coinciding red lines to represent the potential H&S. Or, OSTK simply has seen a healthy correction back to the public offering price of $84.50 per share, and now we're going to continue the parabolic uptrend? It's possible we see a Golden Cross on the KST this week, I've placed a question mark icon to represent where a potential golden cross may occur, if the green line crosses the red to upside similar to previous examples on the chart where I have placed blue fingers pointing upward OSTK would start looking very bullish.
OLong
by ScotianBot
NBCC INDIA - Gearing upCMP 27 After a long consolidation around the 22-25 the stock broke out with good volumes. Above 28.5 there is a gain of 17.5% at least in the making. Also this would be supported by the Golden Cross which is expected to happen in the coming weeks. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
NSE:NBCCLong
by CannySunny
GMDC - RevisedCMP 44.2 The last time I drew my lines, I had disregarded the low on 1st June of 34.2 due to which my stop loss was hit. The revised base line in the Ascending Triangle shows that the support was was actually not breached. However, Stop loss is our best friend at nervous points. Falling is alright but to be a winner one should accept the mistake and move on with a learning. MACD is positive at the moment with a bullish crossover. Now , we can also see that a Golden Cross looks very likely in the coming days which would only add on to its momentum. Fundamentally also the stock is strong. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
NSE:GMDCLTDLong
by CannySunny
KARNATAKA BANK - Looks attractiveCMP 47 Chart is self explanatory. Price is above all leading MA except 200 DMA. Breakout is expected soon from a inverted Head and Shoulder Pattern. MACD is positive too. Keep an SL at 44 ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
NSE:KTKBANKLong
by CannySunny
1
Ascending Channel & Bull Pennant for Gold?Notice the downward sloping blue line, this is considered the resistance of the pennant, if the price breaches above it'll confirm the patterns a bullish pennant. The two green upward sloping lines are potentially forming an Ascending Channel, there is however a slight deviation where the price breached the top of the channel, but noticeably since then the price has drifted towards the bottom of the channel. The KST potentially just had a golden cross, this is where the green line spikes above the red, typically a bullish indicator. The RSI may find some resistance at the blue downward sloping line, if so And the price continues upward that would likely create a bearish divergence. It would be nice to see the RSI break above the previous high flush to the upside & the price rise simultaneously.
TVC:GOLDLong
by ScotianBot
Litecoin Golden Cross + Inv H&S Breakout Can Take it to $105Looking very bullish here for litecoin as it inches above the neckline of a very tiny shouldered inverse head and shoulder pattern. These type of head and shoulders patterns are great because many technical analysts end up missing spotting them before it's too late. This coupled with the golden cross happening now on the daily is a very good sign for litecoin to regain some of the ground it has lost over the bear market. As always, we still need to wait for confirmation that it has broken out of the pattern but if we get that confirmation $105 is the target.
COINBASE:LTCUSDLong
by DrDovetail
1
GOLD NEXT POSSIABILITY(HEAD & SHOULDER PATTERN)Head & shoulder & ABCD PATTERN is formed Above is free 4H chart explanation No Daily changes so far after a very Bearish E.U. session opening on usually volatile Hourly candles. We can easily spot on Hourly 4 chart how the current slow falling consolidation is repeating the pattern of March 7 - 20 sequence. Stock markets and Bond notes are on usual levels but of course it all really depends on U.S. session opening Bell on Monday. One of the most volatile Trading days was on Wednesday’s session according to the Historical Data with a 27.80 point differential on Daily chart , also seen by the wide margin (Neutral) on mostly all Hourly charts. Technical analysis could be immediately effective(60-40%) on such high volatility levels. Price-action was close to reaching the Short-term Resistance of the Higher Low much sooner than we expected as the market turned this fear into a Volatility similar to the Covid parabola early in February-March, which could be the reason of this unexplained Gold decline. As it happened then, the market psychology is similar, (both ways around) and as soon as the Stock markets recover, Gold's move will deflate and reach at least the Fibonacci retracement from yesterday’s session bottom. The Hourly 1 chart is nearly Oversold and the RSI in particular above the 3 month Support. Hourly 4 chart printed clear Head and Shoulders formation, on the other hand - MA50 was broken on yesterday's session multiple times. This just shows the continued high degree of volatility and how unstable the market (along with most asset classes) has become. As for the current situation, Gold broke the 1-Month Support and automatically should be call for 1,900.50 (which represents Monthly Low) extension but, by recent experience , we will position ourselves accordingly and continue monitoring the market. Technically, breaking above #MA50 brings 1,971.80 Resistance in motion while below it, 1,900.50 (Support). We will Trade the breakout for longterm but as you know SCALPING IS THE KEY ;) Entries should be taken only if all the rules of entries are satisfied.
TVC:GOLD
by TradingSwirls
APEX FROZEN FOODS - Wait for breakoutCMP 266 A 3 VCP has been formed and is trading at the resistance. It is also within the 'Ascending Triangle' . A GoldenCross is also being awaited soon. On the upside the potential of gains is good at 19.5% and 28% above the resistance of 330. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the confidence.
NSE:APEXLong
by CannySunny
KUSAMA (KSM:BTC) broke back up above 200 SMA on the 30 mins ...KUSAMA (KSM:BTC) broke back up above 200 SMA on the 30 mins after period of continued rejection.. Kusama was originally planned as a testnet for Polkadot, but from what I am hearing so far, it could become its own independent chain in its own right (at the same time as functioning as a test net for Polkadot too) -- where certain projects (that were not successful with securing a Polkadot slot) will instead run exclusively on the Kusama platform rather than migrating onto the Polkadot network. (Correct me if I am wrong on the fundamentals side of things, I'm focused mainly on TA). :) --- TA KSM now supported above orange 200 SMA on the 30mins Need to wait to see if it will continue sideways, continuing to be supported above the 200 SMA, to eventually turn the bearish Ichicloud bullish again, before a recovery can be expected. Bullish wicks and 21EMA/50SMA bullish cross registered (circled in main chart) on the 30 mins. PRISM Oscillators Analysis Hidden Bullish Divergence adhered. Transparent blue Volume falling off significantly as price increase though. Acceleration heading up, pulling up Momentum Still waiting patiently for confirmation for a suitable entry as a long-term investment, with a couple of small stop-limit buys modulated by a combination of Cyber Ensemble and PRISM Oscillators Set, and Ichicloud state, set for now.
K
by cybernetwork
4