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Macdivergence

A bullish case setting up for BKYI Beginning trader and technical/fundamental analyst. This is posted for entertainment purposes only not trading or financial advice. BKYI looking bullish to me. Like these names that are down at the bottom of their range with significant support over time. Could double by just returning to the 50% of previous high a little less than a year ago. Finviz shows low share count, no debt, and some insider transactions. P/S a little higher than I like. Own some of this name already, full disclosure, and looking to add to my position. I'm risking to 0 and not using stops. Believe the company's products will be valuable going forward in the current administration. finviz.com NASDAQ:BKYI
NASDAQ:BKYILong
by Cryptough
EURJPY Neutral status 22/01/2021here we have 2 scenarios of Bullish and bearish, the price action shows a higher chances of bullish rally but at the same time we can see Bearish Divergence on MACD, so we can wait and see or use this chart as a template and apply your analysis and find your confluences with it and choose a side personally I am bearish on it but as I said there are risk on this side too we have specified some Support and Resistance levels where you can target for bearish we can target the intersection of our trend lines which is at 123.66 please comment your opinion for us I apologize for the messy chart... :)
by BitonGroup
2
SPX in a Descending Broadening WedgeEquities are selling off as interest rates on long-term Treasury bonds continue to climb. The SPX has broken out of an ascending parallel channel and is now trading near the top of a descending broadening wedge. If this pattern holds, the SPY could fall below 365 before finding support. The MACD and Stochastic Oscillator confirm this bearish trend: - Weak bearish divergence on the MACD - Stochastic is near overbought condition and falling. Furthermore, the 1h 200 EMA has crossed above the 50 EMA.
AMEX:SPYShort
by otis_bagshots
8
Time to go long ETH/BTC?The ETH/BTC pair has been consolidating in a falling wedge through the month of Feburary and is well-positioned to break out to the upside. The price is nearing the VPI point of control and 0.5 Fibonacci retracement level, so we can expect some volatility if a break out does occur. Furthermore, the Stochastic oscillator is oversold (now trending up) and there is a bullish MACD divergence (as shown in yellow). If ETH/BTC returns to its early Feburary high, this trade will yield a nice return with relatively low entry risk. Good luck!
by otis_bagshots
2
What is a bearish divergence?What is the Moving Average Convergence Divergence (MACD) Indicator? The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator. The indicator tells us the relationship between two moving averages of the security price. To determine MACD subtract the 26-period exponential moving average from the 12-period exponential moving average. There is a nine-day exponential moving average of the MACD that is used as the "signal line." Whenever MACD crosses the signal line that is an indication to sell or buy. The histogram indicates strength. Dark green means the bulls are stronger. Light green means the bulls are weak. Dark red means the bears are strong. Light red means the bears are weak. The centerline for MACD is 0. What is a bearish divergence? A bearish divergence occurs when the price rise to a new high but the indicator new peak is lower than the previous high peak. Forecastability of the bearish divergence The bearish divergence indicator predicts a bearish future for the stock. However, do not assume a bearish divergence will be bearish all the time. There is an exception: in a strong bull market, the bearish divergence will transform itself and the uptrend may continue. Thank you for reading! Greenfield Remember to click "Like" and "Follow" to see more articles. Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
NYSE:NIOEducation
by GreenfieldAnalysis
13
Price rising and continuing its upward macro trend at LINKUSDT Technical analysis regarding the price of CHAINLINK in relation of dollar Tether for the next scenarios, based on 4 hour movement. Price forming rising tops/bottoms ~upward trend~ and has been respecting this channel. So far there has been no disagreement with the MACD, if any, even better to confirm this bullish leg. Exponential Moving Averages taking parallel spacing and that of 34 periods guiding the price. Target prices suggested in the graph. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Long
by luizhcruz
2
Is the Market Due for a Correction?The SPY has been trading in an upward parallel channel since November - briefly dipping below during the selloff last week before sharply recovering. I believe the market is due for a more extended correction for several reasons: - The MACD and RSI are both displaying negative divergences, which is a bearish signal. - Furthermore, the On-Balance Volume (OBV) is trending down. This indicates that smart money (aka institutional money) is flowing out of the market, possibly because they are anticipating a market-wide correction. - The SPY could continue trading to the top of its channel, which coincides with the upper Bollinger band and the 0.618 Fibonacci trend extension. Each of these indicators can act as resistance as the price approaches from below. I will likely take some profit and/or hedge agaisnt downside risk with UVXY calls before the end of the week. Good luck trading.
AMEX:SPY
by otis_bagshots
5