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Overbought

TWITTER - Short position - Overbought at the resistanceLooking at Twitter the chart shows that it´s overbought and is likely to go down. Following the Bollinger Bands we see the price has touched and moved out of the upper band. Following the RSI 14 we see that the RSI went above 70. So both indicators are indicating a move to the downside. According to the earning announcement we expect it will be towards the downside as well. Targets and further details are shown in the chart. Good luck!
NYSE:TWTRShort
by vf_investment
2
FDX: Overreaction?FedEx Corporation Short Term - We look to Buy at 161.03 (stop at 148.79) The company gave a bleak outlook for profits and plunged in the premarket by 20% .We are trading at oversold extremes. A move lower faces tough support and we remain cautious on downside potential. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. A higher correction is expected. Our profit targets will be 206.12 and 215.00 Resistance: 200.00 / 240.00 / 320.00 Support: 160.00 / 130.00 / 100.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:FDXLong
by VantageMarkets
CHFJPY - Over-Bought Zone!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. CHFJPY is overall bullish trading inside the brown channel. Moreover, the zone 150- 155 is a strong supply zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green supply zone and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As CHFJPY approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
7
LULU: Fade the rally!Lulumelon Athletica Short Term - We look to Sell at 329.26 (stop at 346.16) They reported better than expected earnings and the stock jumped up premarket. The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 332.00. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 284.68 and 272.00 Resistance: 332.00 / 410.00 / 478.00 Support: 283.00 / 246.00 / 129.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:LULUShort
by VantageMarkets
SPY- Bearish Megaphone - UpdateJust posting another update here on the SPY as it closed out the week with a hard rejection off of its 200-Day SMA & a significant RSI-Based supply level. Additionally, it would appear that a bearish megaphone is still playing out as it was simultaneously rejected off the upper trendline (See previous charts below). On top of this, a bearish butterfly harmonic pattern has formed on the daily timeframe accompanied by some slight bearish hidden divergence on the RSI. On another note, the RSI is now in overbought territory & it would look like the MACD is about to form a death cross; with buyer volume decreasing relative to seller volume increasing, it will be interesting to see where the SPY goes from here, especially heading into a big week economically speaking. Just some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime- (Previous Charts Attached Below) --Previously Charted--
AMEX:SPYShort
by jacobosiason7
1
SNOW: The sun looks to melt this awaySnowflake Short Term - We look to Sell at 193.62 (stop at 220.84) This stock surged after earnings report on premarket. We are trading at overbought extremes. A lower correction is expected. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Our profit targets will be 132.14 and 120.00 Resistance: 194.00 / 240.00 / 320 Support: 130.00 / 110.00 / 80.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:SNOWShort
by VantageMarkets
2
$RBLX Extended pre-earning - Short after earning???!!Tracing $RBLX since 21.6 bottom - more than double in 3 months - Rumer's for beat earning but extended without re-test or uptrend confirmation - the idea to short after earning jump as RSI/MFI are overbought - if 52-53 showing strong resistance then possible short entry if passed 53 with higher volume then expect to fill up the gap between 59 to 66 so next move will be +/-20% from Friday close 49 - strangle option combo between 47/52 is my idea Call 52 Put 47
NYSE:RBLXShort
by WinnerTrader99
1
SGFY: Sell the rumour, buy the news!Signify Health Short Term - We look to Sell at 29.83 (stop at 33.46) There is market rumour that Amazon, United Health and CVS are interested in buying this company. This led to a surge in the stock in premarket. We are trading at overbought extremes. A lower correction is expected. Bespoke resistance is located at 30.00. Selling spikes offers good risk/reward. Our profit targets will be 20.04 and 18.00 Resistance: 30.00 / 34.00 / 40.00 Support: 20.00 / 16.00 / 12.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
SShort
by VantageMarkets
1