Get started

Hammer

The power of tension and a inversted hammer candle...As you can see on the SBEV chart, there is a build-up of tension towards the end and an inverted hammer candle. The long upper wick of the candlestick pattern indicates that the buyers drove prices up at some point during the period in which the candle was formed, but encountered selling pressure which drove prices back down to close near to where they opened. When encountering an inverted hammer, traders often check for a higher open and close on the next period to validate it as a bullish signal. After this the price blew up from around 1.05 to 4.35 which is mor than a 4x And now some math, if you had invested 100€ at 1.05, and cashed out at the top (4.35), you would now have 414€ which is 314€ made in only 3 days. Here is the calculation: 100/1.05 = 95.238 95.238x 4.35 = 414,2853 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) Stay updated for more content Bye! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AMEX:SBEVLong
by xtekky
3
TDOC: SOME POSITIVE SIGNSTDOC : One of Cathie Wood's big holdings. After being totally destroyed TDOC stock is showing some positive signs of a reversal : 1. Hammer candle on daily (which will have to be confirmed by one or two more candles, i.e. follow through). 2. Bullish divergence RSI-PRICE 3. Price just below historical support-resistance zone . I don't like that fact that we broke below support but it could just a false breakout*, if this is the case I would expect the price to go back above the green lines. I'll be much more bullish if we break the resistances (green lines). I initiated a long position yesterday as a swing trade . My target is around $100 but will reassess if/when we get there. Trade safe! * A failed break occurs when a price moves through an identified level of support or resistance but does not have enough momentum to maintain its direction. ... Since the breakout attempt failed, the price could head the other direction. A failed break is also commonly referred to as a "false breakout."
NYSE:TDOCLong
by Elpidaldo
3
A BULLISH MOVE IS BEING EXPECTED IN CARERATINGCARERATING seems to look positive on the chart, currently at around 615. It is being expected that the stock can initially face a Resistance at around the levels of 651, 678 and 720. Whereas on the downside levels, it can face a support at around the level of 602 on a closing basis. Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:CARERATINGLong
by alokdaiya
Falling Wedge- Bullish - UpdateENPH starting to look really nice here after pulling back to the 200-day EMA following new ATHs. Big falling wedge forming on the 4-Hour and Daily Timeframes. Certainly a longer-term play, however, bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout, see previous charts attached below for previous price targets. - Bullish Hammer off the 200-Day EMA - RSI in Oversold Territory - Falling Wedge - Slight Gap to FIll on the Upside - Holding Above VWAP on the 4-Hour (See Attached Chart Below) - Falling Wedge on the TAN ETF as well PT1- $185.37 PT2- $187.64 PT3- $189.36 PT4- $191.48 --4-Hour Timeframe-- --Previously Charted-- --TAN--
NASDAQ:ENPHLong
by jacobosiason7
2
SQ Double Bottom + DivergencePreviously, I outlined two possible trades on SQ. Short below 170 to the gap fill or buy the double bottom. If you took the short, you would have made it halfway to your target (the top of the gap fill). After the recent candles, Ive spotted a potential bullish divergence outlined on the chart. That combined with the hammer candle at support leads me to believe that a reversal could be in play. A fair target on the long side would be about 195. I would look for SQ to close above the 5ema. Stop out below the hammer candles low. Please be aware that reversals are hard to time. The trend is still down so this is a counter trend play.
NYSE:SQLong
by Decam9
48
GoldGold is bouncing back by taking support with hammer candle at parallel channel's bottom, and also follow up. If it holds hammer's low, then it can show momentum towards top of the channel and more. As per waves structure it's like running flat, in parallel channel as corrective phase, now we can assume that impulse is going to begin or already have started. Wave Structure could be like this Key Levels are Mentioned on chart Running flat in parallel channel Weekly macd is positive and flat after down tick. Daily macd positive crossover and Uptick. Daily RSI is Uptick Stochastic in daily is positive and Uptick Convergence in dmi Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
GLong
by RK_Chaarts
Falling Wedge- Bullish - UpdateJust posting a quick update here as GS has pulled back with the broader markets- Still bullish as GS respected support nicely and is holding within a nice falling wedge. Buyer volume starting to pick back up along with some bullish hidden divergence on the RSI & a golden cross on the MACD. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout, see previous charts attached below for previous price targets. - Falling Wedge - MACD Cross on the 4-Hour Timeframe - 8-Day EMA & RSI are About to Cross on the 4-Hour Timeframe (Not Pictured) - Bullish Hidden Divergence on the RSI on Shorter Timeframes as well - Gap Fill on the upside circa $395.90-398.90 - Double Bottom off Support and Bullish Hammer off the VWAP on the Hourly Timeframe (Not Pictured) -Previously Charted-
NYSE:GSLong
by jacobosiason7
BULLISH FORMATIONS IN SUNPHARMAOn the 1 Hour Chart of SUNPHARMA, we can see some beautiful bullish Formations of "Bullish Harami", "Hammer" as well as "Inverted Hammer" on the downside levels of the stock. Thereby, indicating a very strong bullish momentum in next trading sessions. In addition to this, the stock seems to be facing a support at the level of 746.25. As plotted and explained in the chart, we can say that it is being expected that the stock can face resistance initially at the levels of 758.45, 763.85, and 770.95. Closing Price (as on 03.12.21) : 753.35 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:SUNPHARMALong
by alokdaiya
Facebook long opportunityEntry price: 335-340$ Target price: 352-354$ RSI: neutral, approaching 50 level, so there is potential for the future growth. Candlestick Patterns: Hammer and Bullish Kicker Fibonacci Extension: The last candle crossed the Fibonacci 161,8% level. Conclusions: Candle patterns and RSI suggest bullish momentum of the asset. Moreover, the price just crossed the last resistance level, thus the long position is recommended after this resistance level will be retested as a support. No financial advice
NASDAQ:METALong
by vf_investment
Falling Wedge- BullishShopify looking really nice here, certainly worth noting the 200 day EMA acting as strong support for SHOP as it has bounced off it three times since March, additionally Shopify does have earnings coming up on 10/28'. However, will be looking for a breakout from this falling wedge (Broader Market Conditions Permitting)- Just some support and resistance levels and some RSI based supply and demand zones to keep an eye on as well- bullish - Big falling wedge forming on the daily timeframe - EMA's starting to curl upwards - Hammer right off the 100-day EMA - Sitting on its 20-day SMA (Not Pictured) - Bollinger bands squeezing on shorter timeframes PT1- $1,435.50 PT2- $1,443.81 PT3- $1,451.70 + Breakout
NYSE:SHOPLong
by jacobosiason7
2
Bullish- Triangle breakoutSE is looking quite nice here, been watching this one for a while- will be looking for a breakout from this pennant (broader market conditions permitting). Just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on- Bullish - Clean hammer & bounced right off the 20-day EMA on the 4-hour timeframe, other EMA's starting to curl upwards as well (See Carts Below) - Buyer volume starting to pick up relative to seller volume - MACD cross on the 4-hour - Ascending triangle on shorter timeframes - Slight bullish divergence on the RSI PT1- $344.03 PT2- $346.48 PT3- $348.90+ Breakout
NYSE:SELong
by jacobosiason7
1
$IIPR could make a run for $300The stock has been making a flag pattern after the market topped. If we take the runaway gap made at the beginning of July as the initial move before the flag, then is a 57 point move. According to the flag pattern measure rules, if a breakout above occurs, then the price of NYSE:IIPR should get to $300. Last week rebounded from its support at $222 with a nice hammer candlestick. But, until the breakout happens I won't make any trades. Always wait for confirmation. The company is ranked #1 in the Finance-Property REIT Group by IBD Investors and has a IBD relative strength rating of 89. This indicates that is a leading stock. For me it isn't a leading stock as is making lows with the SP:SPX , but if it holds the pattern is worth to keep an eye on.
NYSE:IIPRLong
by dpuleo19
AUD/NZD, Could This be the Turnaround?AUD/NZD is extending gains in the aftermath of a bullish Hammer candlestick pattern. Prices have since taken out the 20-day Simple Moving Average, a further upside close could confirm the breakout. Such an outcome may place the focus on the 50-day SMA. Clearing the 50-day SMA may open the door to a material turn higher. In such a case, watch the 1.0541 - 1.0564 inflection zone. Otherwise, resuming the broader downtrend since March entails clearing the 150% Fibonacci extension at 1.0292 towards the 161.8% level at 1.0252. FX_IDC:AUDNZD
by QM_Dubrovsky
SPX: Hit our target again! What's next for us?Hello traders and investors! The SPX hit our target again, at the 21 ema, as we already expected since our previous analysis, and now it seems the index is having some problems in defeating this resistance. Let’s see what’s for us here today. We are having a hard time near the 21 ema, but that was already expected, as we set the 21 ema as our target in our last study. However, we don’t see any clear bearish reaction , so we can’t say that it’ll drop from here just yet. In fact, if it continues and breaks this 21 ema, probably we’ll resume the bull trend for good. Considering that this week we just retested the support at 4,367 (black line), and that the long-term bias is still bullish, it is reasonable to expect that it’ll keep pushing up. In the weekly chart, the index just did a quick retest of the 21 ema, and it is bouncing back up nicely, leaving a nice shadow under the candlestick’s body, and doing a nice Hammer candlestick pattern. The volume is decent, and this week’s drop did no harm to the bull trend at all. In fact, it just gave us many opportunities on many stocks. So far, the situation seems under control, but we’ll monitor the SPX closely from now on. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea before you leave! Have a good weekend!
SP:SPX
by Nathan_The_Finance_Hydra
2