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Overbought

MFA in Uptrend: Stochastic indicator climbs into overbought zoneTickeron A.I.dvisor analyzed 232 other stocks in the Real Estate Investment Trusts Industry over the last three months, and discovered that 209 of them (90%) exhibited an Uptrend while 23 of them (10%) exhibited a Downtrend. Be on the watch for MFA's price dropping or consolidating in the future -- when this happens, think about selling the ticker or exploring put options. Current price $2.61 crossed the resistance line at $2.61 and is trading between $2.61 resistance and $2.53 resistance lines. Throughout the month of 06/14/20 - 07/15/20, the price experienced a -9% Downtrend, while the week of 07/08/20 - 07/15/20 shows a +12% Uptrend.
NYSE:MFAShort
by AlTorress
GBPUSD 1.26521 + 0.34% LONG IDEAGood Day Everyone Here's a long idea on the GBPUSD pair, overbought on many signals looking for a bit of retracement ( HL ) before continuation to ( HH ).. If you took this one target 1 was a success you can trail stop or adjust your sl to previous swing low and hold risk free on the pair lets see how it goes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
2
Overbought to Oversold - Keep It Simple, Stupid!After exploring the depths of profit taker heaven and stop loss hell, after combining many different indicators, finding correlations with momentum, trend, volatility, you name it... After trying to adjust the strategies to different assets, asset classes, market conditions... After finding out that each of these steps are way more difficult than I thought and will require much more rigor and a start from scratch... I remembered the golden rule of strategy... "Keep it simple, stupid!" When others are buying like rabid dogs, you sell... When others are selling like mad monkeys, you buy... When others are greedy, you are fearful... When others are fearful, you are greedy... So, we trade from overbought to oversold. No profit takers, no stop losses, no optimization for a specific stock or time frame or asset class, no correlation with other indicators... Just overbought to oversold. Win rate of 90+%, profit factor of over 5.0, compared to holding the stock indefinitely with a loss of 80%. Happy trading!
AEducation
by ralphschraven
4
BATBTC | Breakout | S/R Flip | Support Confluence | Trade Setup Todays analysis – BATBTC – Retracing from a multi-month triangle formation breakout (as explored in previous BATBTC analysis - link down below) Points to consider: - S/R flip retest - Support confluence - 21 EMA visual guide - Oscillators over-extended - RSI bearish divergence - Declining Volume BATBTC needs to hold the probable S/R flip retest at structural support to establish a higher low, validating a long trade. However, trend continuation at this level will negate the thesis. Price needs to respect structural support (in confluence with .382 Fibonacci retracement) indicating a probable trend continuation, forming bullish bias in the market. Trend continuation upon price testing the 21 EMA will support the bullish bias, allowing the EMA to act as a visual guide. Both the RSI and stochastics cooling off from overbought conditions, a retrace to structural resistance will allow the oscillators to cool off. Furthermore, a technical bearish divergence on the RSI affirms weakness in the immediate market. An increase in volume will be key as price tests support levels to avoid any false breaks. Overall, in my opinion, BATUSDT has strong support confluence giving it a greater probability of breaking bullish, however, support re-test is needed for a valid long trade. What are your thoughts? Let me know in the comments below! And if you’ve read this far - thank you for following my work and development as a trader! As always, Focus on you, and the money will too!
by Kudiiee
INO BACK TO $16-18yo yo alright so it broke out the past two days because they received funding for COVID testing. So the rally happened and if you got in that's awesome. The RSI indicates that it is overbought. My expectation is that it sells tomorrow (June 25) and goes back down to around 16-18. If it hits 15$ and bounces back up then that's a good indication that it should come back up! Don't buy yet. it is at the top. second support is 11$ anything can happen so just keep an eye on it ! good luck trade smart. :)
NASDAQ:INO
by tunripboyo
9
IOSTUSDT | S/R Flip | Volume Climax | .618 Fibonacci Todays analysis - IOSTUSDT – retracing after a strong breakthrough structural resistance. Points to consider: - S/R flip Re-test - Support confluence - 55 EMA – visual guide - Volume climax - Oscillators overextended IOST is likely to retrace back to structural resistance after a bullish pattern break, S/R flip needs to hold for a valid long trade. Structural support in confluence with .618 Fibonacci retracement further solidifies the true trade location. IOST trading above the 55 Exponential Moving Average, acting as a visual guide, price must hold on retest to support the bullish bias. Volume climax evident, indication of buyer exhaustion, temporary top may be in as price finds its equilibrium before another probable impulse move. Both, the RSI and Stochastics trading in overextended conditions, a retrace in price will allow oscillators to cool off, creating space for further bullish momentum. Overall, in my opinion, a long trade is validated on a successful S/R flip re-test. What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always - focus on you, and the money will too!
Long
by Kudiiee
30min timeframe RSI bot works!:)I decided to put my money where my mouth was, and trade based off the RSI. I made a BOT that would trade LTC off 30 and 70 Low and high RSI. It would buy at 30 rsi on the 30min and sell off the 70. It worked...but it could have done better. It would buy then the price would drop lower and then come up or sell and the price would go up and then come down. It had a very sensitive trigger in other words. But it saved itself a few times and sold right before a drop and didn't see any massive losses. I think, the worse it saw was -.61% and after a month it is at 6.8% gains. All use stop loses and this is not ADVICE This chart are my sales. I made fewer sales to catch a higher or lower price. It's a solid process and I think using leverage I might be able to capitalize on it.
COINBASE:LTCUSDLong
by UnknownUnicorn5174798
1
Support zone & Sideways moving comingThe upper line of the channel should be support zone beside that it could reach 1.2450. So I wait for one more upside movement to a little new high to 1.2660 - 1.27 resistance. And after that coming a backtest once again so we should prepare for sideways trading. My view is on the Elliott pattern. I do NOT like the pejorative phrases like OVERBOUGHT/ OVERSOLD in the trend, but in the sideways movement, I take the overbought/oversold situation seriously in bounded indicators like RSI, Stochastic etc. So if I am right in the sideways view then Overbought will create a falling and vice versa.
Long
by MoodandMarkets
CADJPY NEEDS A BREATHER OR NAH?HELLO ALL, BACK IN MAY 23, I POSTED ON CADJPY MOVING HIGHER AFTER THE DROP AND THE PAIR ROAMING AROUND THE WEEKLY SUPPORT. SINCE THEN CADJPY HAS HAD A NICE BULL RUN. NOW THE QUESTION IS, DOES IT BREATHE AND RETRACE OR CAN IT KEEP GOING HIGHER. THE WEEKLY SHOWS THE PAIR MORE THAN LIKELY MOVING HIGHER TO ITS WEEKLY TREND LINE AT ABOUT THE 84.00 AREA, AS IT STILL HAS ROOM TO PLAY INSIDE THE WEEKLY RSI. DAILY SHOWS THE PAIR SITTING RIGHT ABOVE THE .618 FIB. 4HR CHART SHOWS THAT IT HASN'T MADE A CLEAR HL YET AND HAS HAD AN OVER EXTENDED RSI WHICH MAKES THINK THIS PAIR WILL RETRACE. MY VIEW AND OPINION IS THAT THIS PAIR WILL RETRACE TO THE 79.40 - 79.20 AREA BEFORE MAKING A PUSH HIGHER. LOOK FOR PRICE ACTION AND FUNDAMENTALS. GOOD LUCK TO ALL! PLEASE GIVE A THUMBS UP IF YOU LIKE AND COMMENT YOUR IDEAS AND OPINIONS, THANK YOU!
Short
by ThreePillarsTrading3
GBPJPY ready to drop again?????????Following on from the previous impulse move tot he downside where GBPJPY extended to the -0.272 Fibonacci level, we are now seeing a retracement. Watching the 0.5 Level of the latest impulsive move down, along with the red parallel channel formed from the April 30th highs. Will wait for confirmation on 1 hour timeframe before entering. Price has already moved well past the daily ATR range. Speculators have added to their long positions on the Yen by a considerable margin whilst the Pound remains relatively flat. If you have any ideas supporting or on the contrary to my opinion please leave a comment. Thank you and happy trading :) Disclaimer: This is not financial advice.
Short
by EireTrade-Capital-Management
BTCUSD - Downtrend Today. Price Technical Analysis #75Market in last 24 hrs - BTCUSD price saw a gradual upward movement. Market moved ~950 points, between $9k and $9.5k - Price at time of publishing: $9,715 - BTC’s market cap: $177 Billion Today’s Trend analysis Price should trend downwards today. Oscillators are neutral with a bias towards ‘sell’ side. MACD is at 140, far above 0. Both RSI and CCI are in over-bought zone, indicating that a downward momentum has built up. Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility. - Downwards today - ‘Oscillator‘ indicators are mostly neutral, with bias towards sell side. RSI crossing down 70 - ‘Moving average‘ indicators are indicating a uptrend. Ichimoku Cloud is neutral ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:BTCUSDShort
by Mudrex
5