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Symmetrical Triangle - Gap FillKeeping a close eye on DIS here- Sold off after earnings leaving a big gap to fill on the upside. Holding a big symmetrical triangle on the daily timeframe along with a falling wedge on the 4-hour timeframe. With buyer volume should really pop- Will be looking for a breakout from this triangle (Broader Markets Permitting) - Just some support and resistance levels to keep an eye on in the meantime along with some RSI-based supply and demand zones - Bullish and looking for a breakout - Symmetrical Triangle - Falling Wedge on the 4-Hour Timeframe (See Attached Chart Below) - RSI in oversold territory - Slight bullish divergence on the RSI - Big Gap Fill on the Upside PT1- $158.76 PT2- $161.83 PT3- $163.67 PT4- $172.55 & Gap Filled 4-Hour Timeframe Previously Charted
NYSE:DISLong
by jacobosiason7
1
Activision Blizzard (ATVI) - longCompany Profile Activision Blizzard is a company listed in the S&P 500 index and operating in the sector of Communication service, industry of Electronic gaming and Multimedia. Signals Position: Long Target Price : $77 Entry Price: $68 Stop loss: $65 Indicators MACD shows a strong bullish momentum DMI shows the negative trend is not strong, ADX is at 22 The stock price is outside the lower band of the Keltner channel RSI and STOCH are at overbought threshold Analysis The stock has experienced a dramatic gap three candlesticks ago, caused by the announcement of a delay in the game launches of 2022, that pushed the price below the lower bound of the Keltner channel. According to the RSI (30) and Stochastic indicator(20) the stock is oversold, so from these three indices we can expect the stock price to rise and reenter the Keltner channel to get closer to the moving average. If we design the most important simple moving averages we can observe that SMA 7<SMA 20 < SMA 50<SMA 100<SMA 200, meaning the stock is on a downtrend and so we discourage to take a position trade, but instead to keep the stock until the impulse phase makes it reach the previous support that could become resistance. From the DMI we can observe how the bearish momentum is becoming weaker (D- has negative slope) and the bullish momentum could start at any time, if the market recognizes the overreaction to the delay news. No financial advice.
NASDAQ:ATVILong
by vf_investment
1
Falling Wedge- Bullish - UpdateCHPT still hovering right above oversold territory on the RSI, however, has been holding a massive falling wedge for quite some time now. By no means is this a short term play, regardless, will be looking for a breakout from this wedge- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on - Bullish long **(See Previous Charts Below)** - Nearing the oversold range on the RSI (Slight bullish divergence on shorter timeframes) - Bollinger bands squeezing - Massive Falling Wedge - Good long-term entries PT1- $21.67 PT2- $24.09 PT3- $26.65 1-Hour Timeframe Previous Charts-
NYSE:CHPTLong
by jacobosiason7
2
ROBOTRADER ETH BUY OVERSOLD AT 3900, Last chance???Buy ETH as Wall Street is shorting the futures to scoop up physical off crypto exchanges. Investory is crashing, ETH will be $10K and people will wonder why... Top next day opicks in order of preference: ETH - oversold at support, accumulation by banksters who monkey with shorting futures to buy physical BTC, anticipating break out back $59-65 violent, everyone eager to buy the dip. The Pullback was it. This is crypto, it's the value of the dollar that's crashing! DOGE - Don't bet against Elon Musk. Takes 10% of SpaceX and backs DOGE with it. It could happen! SHIB - Mega pump - you need 10% of this one but it;'s toppy here at 6000, of crypto turns bearish, SHIB Futures will pop up at the CME for a nice short session with the wolves.
BITSTAMP:ETHUSDLong
by UnknownUnicorn2413721
USDJPY too overstretched! Correction Likely to Occur USDJPY is too overstretched or to put it in technical analysis term, its too oversold. Therefore an anticipated correction would likely occur. However as traders we perform technical analysis and await confirmation that a correction would likely take place. Here we have a 4H chart of USDJPY. 115.000 represents a concrete monthly psychological resistance where the prices might likely reverse for time being. Also on the chart an ascending channel is visible and MONTHLY pivots. A confirmation which is needed here would be the following: 1) break of ascending channel 2) Close of 4H candle below the 4H 50 EMA 3) close of D candle below R2 monthly pivot After all the above criteria have met, its important to know that the initial target would R1 MONTHLY PIVOT (112.500). However since this trade is on 4H timeframe, an extra caution is required which would be to notice where the weekly pivot pointS are located when the trade criteria has met. Combining all these, the risk to reward ratio evaluation is required and SHORT trade can be placed. Note: This is just my personal technical analysis and its not a trade signal. The trade signal would be posted on an entirely different post shall the trade criteria meet.
Short
by FX618Analysis
Gap Fill- BullishWatching PINS closely here- Sold off after earnings, patiently waiting for a good entry- with a catalyst or an increase in buyer volume relative to seller volume should really pop- will be looking for a breakout broader market conditions permitting. Bullish, just some FIB levels along with some RSI-based supply and demand zones to keep an eye on. - Big gap to fill on the upside - Oversold on the RSI - MACD is seemingly about to cross PT1- $57.20 PT2- $58.85 PT3- $60.33+ Breakout
NYSE:PINSLong
by jacobosiason7
4
Bullish- Breakout Play (Long)Had my eye on PYPL for quite some time now, RSI is still hovering right above the oversold range on almost every timeframe after selling off after earnings. Will be looking for a breakout (broader market conditions permitting) Bullish - just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones to keep an eye on- - Bullish ABCD Pattern Formed - Falling Wedge (Bullish)- Within a Larger Ascending Triangle - Sitting right on the 200-day EMA - Slight bullish divergence on the RSI PT1- $264.79 PT2- $269.18 PT3- $271.76 PT4- $274.08 + Breakout (*Previously Charted*)
NASDAQ:PYPLLong
by jacobosiason7
1
XAUUSD at a key level!Based on the chart, for XAUUSD, price reached a major support area and a rejection is about to happening but it's not completed yet! So at this moment we can have to different scenarios that we are talking below: ---------------------------------------------------------------- 1. Price rejection from the support level is completed and the price moves up 2. The rejection of price will fail and the major support area will break. Then we've to be ready to sell at the pullback. ---------------------------------------------------------------- So what do we think about the price movement right now? Currently we have more bullish bias about the next movement of price. So let's check our reasons: *************************************************** 1. We are in bullish trend ( Bullish ) 2. Price reached to the bottom of a bullish channel ( Bullish ) 3. Price reached to a support area at the moment ( Bullish ) 4. RSI(14) is in oversold area ( Bullish ) 5. It has been a strong bearish movement which lead the price to the bottom of the channel ( Bearish ) *************************************************** So based on the following scenarios we can still have bullish bias otherwise the scenario changes. However consider that these are different scenarios and we do not have enough proofs for buy or sell right now (That's why we set this analysis as Neutral ) But let us see what do you think about the next movement? up or down and why? please bring your reasons and feel free. Your idea is always valuable to us! Good luck and thanks for supporting us!
FOREXCOM:XAUUSD
by Brian_Philips
Update - Falling WedgeJust posting a quick update as ROKU is still looking very interesting here- Double top played out as expected- will be watching closely for a breakout here (broader market conditions permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish - Falling wedge ( bullish ) - RSI in oversold territory - MACD cross looks to be imminent - With buyer volume should really pop PT1- $328.71 PT2- $330.58 PT3- $339.90 + Breakout
NASDAQ:ROKULong
by jacobosiason7
2
ARKQ pick up some extra shares as it nears supportARKQ is an ETF started by Cathy Wood as part of her ARK brand of ETF's that invests in growth technologies. ARKQ specifically targets robotics and AI and I regularly invest in this ETF as well as ROBO issued by Exchange Traded Concepts as my way of gaining exposure to an industry I believe will experience above market growth over the next 20 years. As with any long term investment I do not believe it is especially useful or necessary to attempt to 'time' the market, however I do think that using technical analysis you can add to your regular investments by purchasing additional equity at oversold prices. This does not mean you attempt to pick market bottoms but rather find levels where selling may have become over exuberant and prices are likely to stall or experience a rebound. ARKQ is approaching the bottom of a range that has developed since early March this year and I will be purchasing some extra shares as price enters the highlighted zone on the chart. The market is experiencing headwinds on many fronts at the moment and prices are very likely to push lower through this support level, if this happens I will continue to purchase additional equity at each new support level. It is important to maintain discipline and composure when engaging in long term investing, fear and panic experienced by other market participants are perfect opportunities to add to your positions at bargain prices. *Not a recommendation to buy or sell, simply for educational purposes*
CBOE:ARKQLong
by MarkE