Momentumstrategy
WATCH $PDDBullish
Fundamental
- Funds accumulating
- Good earning
- Positive P/FCF
- Positive PEG
- Positive PE
- Undervalued
TA
- Price out of woods
- Broke away from downtrend line
- Price above POC = everyone who bought at that level are making money
- Price resting at major S/R
- Momentum out of the woods turning positive
* falling wedge = momentum of price free fall decreases over time
REVIEW $METABearish
Fundamental
- Declining user
- Declining user time on platform due to switching to tiktok
- Funds distributing
- Overvalued
TA
- bearish momentum divergence ( first sign of warning )
- Price broke down 2 years upward trendline / retest / rejected
- Price rebound and rejected 0.5-0.618 strong level = strong trend to the downside
- Strong rejected at major S/R level
- Momentum theory indicator turned red
4H/1H AUD/CAD POSSIBLE TO SELL MOMENTUMThis is my outlook at AUD/CAD will be an momentum to go short because there are several reason.
1. The price reject the resistance level and now will be come back to the bottom.
2. There are several news on Tuesday, June 21 2022 and my analysis, the price will go down for a long time.
This is my analysis rn, i hope it will happened as i see.
WATCH $MMCBearish
Fundamental
- Funds are distributing
- Top industry group
- Top position in sector
- Positive returns
- Negative PEG
TA
- Bearish divergence on the momentum theory indicator
- Momentum is diving
- Long pin bar rejection
- Price broke 2 years upward trend line
- Double tops
- Price below neckline major S/R
REVIEW $ABBBearish
Fundamental
- Funds distributing
- Weak industry group
- Not sector leader
- Decent earning
TA
- Price rejected 2 years upward trend line
- Double tops formed
- Momentum theory forming bearish divergence ( first sign of warning )
- Price rebound at 0.5-0.6 fibo = strong trend to the downside
- Price falls below double top neck line