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MFI

Seek Limited (ASX:SEK) Consolidation on new highs or rejection? Seek Limited is an online employment platform actively used in Australia and Internationally. With the pandemic and the massive slashing of jobs the recovery of covid greatly benefited Seek and is shown through the company share price reaching an all time high again. However to see Seek's future price movement we should look at Technical Analysis as they both tell there own story. On technical terms the current share price is deemed overvalued and is prompting a correction. Bearish Evidence: --> RSI is oversold --> MFI is oversold --> Japanese Bearish Candlestick pattern "Dark Cloud Cover" developed on the 12/04/2021 --> Possible resistance level at past yearly high ($31.79) --> Linear regression oversold (2 Standard Deviations) --> Mean reversion oversold (2 Standard Deviations) Bullish Evidence: --> MACD is still quite Bullish --> Price can consolidate on all time high (>$31.79) and act as support level From a fundamental standpoint Seek's balance sheet is not the healthiest where Short term Assets do not cover short term liabilities aswell as SEK's debt is does not seem to be covered well by its current cashflow. However forecasted annual earnings growth is set at 36% so take its current liabilities amount with a grain of salt. Another interesting thing found researching Seek is the amount of short sales currently active. As off the 6/04/2021 over 4.28% of Seek shares were reported as short positions making it the 27th most shorted company on the ASX. This percentage of shorting for me personally is another bearish signal. Overall from a technical standpoint the overwhelming answer is SEK may be due for another downturn. However if the previous all time high can be broken and then be consolidated on i would consider that a continuation of its bullish movement. For a potential short entry look for price rejection at 31.79 where price opens and closes below the level. Bearish or decreasing volume can also prompt an entry but personally i would ensure that the key level is not broken.
ASX:SEKShort
by Mikey_Scali
HARVEY NORMAN (ASX:HVN) In overbought territoryHarvey Norman is a popular electronic and household appliance branch in Australia however despite profit levels and steady insider buying some data outlines HVN may be due for a correction. Based on Fundamentals HVN has both negatives and positives. Positives: --> High returns despite covid-19 as Australia retail sales dropped 1% --> Steady insider buying ($1.1 mil) in past 6 months --> Heavy insider ownership at around 41% This essentially shows that in the long term insiders are comfortable with the direction of HVN and believe in long term success. --> Vaccine rollout is commencing in Australia meaning lockdowns should not occur Negatives: --> As covid-19 is still around the unlikely chance of a lockdown can be debilitating to the stock price. --> Australian Retail sector is overall struggling On a technical analysis pov HVN shows some rather bias signals. Some include: --> Completion of dark cloud cover candlestick pattern (Bearish Reversal Signal) --> Hitting resistance of wedge pattern and as of 22/03/2021 was unable to break Oversold in terms of: --> RSI --> Bollinger Bands --> MFI Overall in short term perspective HVN is oversold and a short position can be effective however with good management and growth in profits can be a good long term stock. A stop lose will be when price opens above the trend line of wedge as it may act as support level Profit levels are at minor support levels however if price strength appears then profit levels may be increased to bottom of wedge.
ASX:HVNShort
by Mikey_Scali
BTCUSD ENTRIES. HUGE GAIN POTENTIAL THIS WEEKBased on last week's charts, BTC has reached more than 2,000 pips twice as the result. I had BTC long but obviously it dropped. But with my easy strategy, I am covering both ways incase any situation like this happens. Too simple man! Simple Price Action strategy that covers both buys and sells so you can never miss an opportunity. Remember small losses for those big gains. Look on my 'about me' or my bio for more information if you want to know how this works. Message me if you want to know how to utilize my strategy. This can be used on any timeframe that you prefer. When resistance breaks (red) enter for a buy When support breaks (green) enter for a sell. Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south) Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south)
BITSTAMP:BTCUSD
by HustlersCircleFX
BTC HIT FOR 2,000+ PIPS From my previous BTC chart. TOO EASY!Basing from my previous chart on BTC, it has hit TP 1 for a grand total of 2,000 pips twice. Making it a total of 4,000 possible pips. When price crossed resistance I placed a buy and since then it hit tp 1 for a total of 2,000 pips. Later on price went all the way down to new support line and price was then rejected. Afterwards, price went bullish once again hitting tp 1 (new resistance) again for another 2,000 pips. Leaving you with a total gain of 4,000 pips. Just follow my charts and you will get the pips you desire with so little risk. My strategy will work with you to maximize your pip gains if it goes either direction. Simple price action strategy Message me if you want to know how to utilize my strategy When resistance breaks (red) enter for a buy When support breaks (green) enter for a sell. Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south) Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south) COMMENT OR MESSAGE ME IF YOU WANT ME TO EXPLAIN HOW MY SCALPING STRATEGY WORKS FOR THE 15M-1HR TIMEFRAME
BITSTAMP:BTCUSD
by HustlersCircleFX
EDUCATION: Money Flow Index (MFI)Hello, dear subscribers! The topic of this article is Money Flow Index Strategy (MFI). Definition This is the oscillator type indicator, which looks like RSI, but takes in account the volume. Thus it demonsrates not only the price momentum, but also the money volume. It is calculated as a ratio of the positive or negtative money volume divided by the total money flow. MFI indicates the overbought and oversold conditions. The asset is overbought when its value is above 80 and oversold, when below 20. The strategy Let's take a look at how to execute the long positions. Initially we should make sure that the market is in global uptrend now. For this purpose we will use the 200 period SMA. If the price is above the SMA, which has a positive slope the market is in uptrend now. The second step is the bullish hidden divergence identification. As we told in the previous education article the hidden bullish divergence with the oscillators means the uptrend continuation. The third point of this analysis is that the asset now is in oversold zone according to MFI.
Education
by Skyrexio
ES1 idea using MFIthere are some rising wedges that intersect around 3070. I believe that will be the high of the day, all depending on Powell speech and Trump Chyna news today. I will begin to buy July expiration puts as it gets close to TP If MFI does not for some reason get overbought by 4pm today, we can expect they will get pumped to overbought Sunday night, and we would open Monday morning with a gap up, most likely to TP of 3012. IF (big IF) this scenario were to happen, I would buy more puts Monday morning for a quick flip as we go toward the oversold zone. Just an idea of mine, lots of variables. Good luck ~ Toinfinityand...
CME_MINI:ES1!
by ToInfinityAnd
XRP - Monthly Chart - Bullish Divergence - Plus Token Ponzi - I know it has been really rough holding XRP in 2019 while watching other coins go up. Honestly, most of the charts look horrible for XRP and what I found here is the only hopium I can find for now. Also, I will discuss why the Plus Token ponzi scheme is relevant to XRP as well, which is very important as most people are unaware. MUST KNOW - PLUS TOKEN PUMP: - For those that don't know, there was a ponzi scheme called Plus Token that bought over 3 billion dollars worth of BTC, ETH and EOS back in the spring of 2019. This most likely caused the run-up to $14k for the BTC price and the highs in 2019 of ETH & EOS at the time. The ponzi collapsed on the day BTC reached it's 14k ish high. Most people don't know this and it is extremely important to know that the bear market is still very much here. It is also important to know that this reason is why consumer FOMO was created on those said coins while XRP continued its bear market. MFI TECHNICAL ANALYSIS: 1) Yellow circles, I drew these on the MFI to signify its double bottom, which can be bullish in the long run. As you can see we bounced off this point for now. 2) There is a massive bullish divergence when comparing the MFI and price action on the XRP chart. Bullish divergences play out all the time in long-time crypto charts, so who knows what will happen next. I drew the lines on the MFI and price action to indicate this.
POLONIEX:XRPUSD
by CaptainCanuck
3
Come dowwwn BABABABA has been in a clear uptrend with a series of higher highs and higher lows but there are signs that it needs to correct to the downside short term- 177 is a reasonable target. We see from the graph several signs; price is above the point of control (red line on the volume profile, sufficient Fibonacci extensions from the most recent impulse wave have been met (the 1.618 can be used as a stop for any shorts), MFI is at a very high reading (unprecedented in the last 6 months), and the stock is currently just over 2 ATR (4.53 x 2 = 9.06) away from the mean where the mean is defined as the middle of the Keltner channel. Based on a .618 retracement of the most impulse wave up, the POC, and the mid line of the Keltner channel there is a high probability that 177 will hit. Furthermore there seems ot be a clear indication that the stock is under distribution by institutional investors per the Accum/ Dist line which is showing clear divergences with respect to price, this is shown in to separate ways on the graph. As always no matter how sure one is of a stock going in any given direction there is always a double digit chance it will not. Should you short please have a stop in place and/ or wait for 2 - 3 consecutive trading days with no new high made. Please ask any questions
NYSE:BABAShort
by TNasr