RUN - Potential renewable energy sector reversal LONGRegardless unstable market situation, last couple days renewable energy showing signs of potential growth.
Remember these stocks are still in down trend. Keep your risks low.
Relativestrength
Nifty / Small Cap Relative StrengthThe honeymoon period of Small Cap sector might be coming to an end now at the PRZ of a Bullish Harmonic AB=CD and Ichimoku Kumo support, 1.60 approx could see a halt in the outperformance of Small Caps over Large Caps that have been on a sideways to downward correction since FEB 2021. However, if it manages to breach further below then the Small Cap party of upper circuits will continue
Relative Strength does not mean Small Caps will stop rallying, it just signifies that upon reversal confirmation Large caps will start doing better than Small caps.
Tyson Foods $TSN breaksout, but I'm not convincedNYSE:TSN looks great, is clearly in an uptrend breaking out of a second base after beating EPS estimates last week. The thing is that I don't see volume action, or a good follow-through. Still, I keep my eye on this one. Industrials have been leading the market for the last weeks and NYSE:TSN is one of the leaders of the Food Production Industry, is rank 3th by IBD, and has a Relative Strenght Rating of 69. Ussually I'd like it better if it had a higher number regarding its relative strength.
I'd like to add that I'm watching NYSE:DAR and have a small position in NYSE:INGR . All leaders in the Food Industry.
Last Hurdle For NMDC in a Multi Months UpsideNSE:NMDC has already broken out of its relative strength charts vs Nifty 50 and vs Nifty 500.
The volumes in its own chart are at an almost all-time high, signalling huge institutional interest.
The only thing that can temporarily stop this stock is this trendline in the Relative Strength chart vs CNX Commodity. We are already all-in on this, and watching closely.
Hind Petro Relative Strength Trigger For a Multi-Month UpsideNSE:HINDPETRO is yet to break its own long term trendline. But, its Relative Strength Charts have given an early breakout, potentially for a long term upside.
This too in an environment when other PSE and Commodity Stocks are outperforming the index. We have already added long this week in this counter.
SQ looking strong hereSQ has shown strong support at the $241.89 and $236.01 levels (Support/resistance- Pink lines) and has held its upwards trend. Looks to be consolidating at the moment and has been hovering in the RSI oversold range- if SQ can break and hold above its first resistance level at $256.76 will be looking for a breakout.
PT1- $264
PT2- $75+
VCP formation for $NIUNASDAQ:NIU has good footprint forming a VCP in the last 13 weeks while above the 200 day moving average. Is not the best type because I like to see this with price also above the 20 and 50 day moving average, but still is worth to look at. Is very possible that a good rally is on the way. Also, the stock has a 92 rating for the IBD Relative Strength; one of the things a really want to see in a stock no matter what.
A good thing to add is that NASDAQ:NIU is in the top 10 with best WTD Alpha in the list Motor Vehicles & Passenger in Barchart.
The fundamentals aren't that great if you only look at the last quarter, but annually has a solid revenue growth.
Bitcoin BTC and Bitcoin Cash BCH still consolidating. What next?Here is a simple chart showing how both BTC and BCH are consolidating after a large move down. While experience tells us that one move down is usually followed by another, we should not expect it. BTC is currently more bearish on the daily and 4-hr charts. While BCH is in an uptrend its price more than doubled in April. Price could pullback more, but the hourly chart is leaning bullish; there will be mixed signals until consolidation breaks.
Study RSI - on both charts, RSI broke 33.33, which usually means that it will stall between 60-66 and make another move down. As you look at other charts (stock or crypto) you will note that 34-40 is a bull support zone in uptrends. RSI rarely breaks 33.33, so it is a strong bearish sign when it does.
BTC price is already moving lower with RSI below 50 and 20sma rounding down; however it is still consolidating. BCH has a flat 20sma is also in a narrowing range, and RSI has not yet tested the 50. These levels, 33.33 and 66.66 were proposed by J. Hayden and only use them on 14-day RSI (not 7-day). They are very useful on a 30m chart for day and swing trading; I find on smaller timeframes, especially with volatile stocks/crypto, the levels are not useful.
Five Below $FIVE going for the leadership?I've been tracking this one for about two weeks and today it looks like is going for the breakout. It may not occur today but I think it will happen soon enough. That could be my entry point, depending on the buying volume. I like this stock because is coming from a good uptrend, it held really well during the market correction, and the past 3 quarters had better than expected earnings. Also has a nice uptrend on revenue growth; just +80% from last quarter, and its price is above its moving averages (10, 20, 50 and 200 day MAs).
Adding to all that, IBD ranked #2 in its industry and has a IBD Relative Strength Rating of 83. This are all good signs. I wanted to see its relative strength with its sector; looking at the quotient FIVE/XRT, and it may be approaching the time for NASDAQ:FIVE to lead. Still, I won't get in early, lets wait for the breakout.
RCL BreakoutRCL is looking strong as travel and reopening trades are back in play here. We're looking for a break out of this resistance, which we already saw last week. A green candle close above this level would indicate a move back up to the highs - PT 95.5, resistance at 92 a d gap fill from 93-94, ultimately targetting low 100s before May. SL set below 87.8, a key support level. 3.5:1 Reward to Risk Ratio play on a 1-2 month swing! If you're signed up for premium, we called this one out Friday!
Stocks To Watch (Relative Strength Edition)The Market is pulling back and might be trying to put in a bottom, this week I expect the market to by choppy. This is the Relative Strength Edition of Stocks to Watch. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 29 total stocks on this list. I add an additional 4 stocks that are on my potential short squeeze watch list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
small cap stock good for buying long Rupa* stock making h.l pattern on weekly
* relative strength at new highs
* on daily close to 50 dma so not very extended
* volume drop
Stocks Spread OutNQ just completed a head and shoulders. That can mean anything, but it sure makes things interesting.
RTY has clearly taken the lead in relative strength since the markets bottomed in march.
More money is going to a larger group of stocks in RTY, and it looks like the tech bubble is paying for it.
Tech bubble:
PINS, SNAP, TWTR Outperform Market - Ready to Skyrocket?Last week while the market is correcting, majority of the stocks have been hit badly. Yet, PINS, SNAP and TWTR have outperformed the market. Is the current price structure suitable to buy with potential to continue outperform the market?
In this video you will find out why these 3 stocks NYSE:PINS , NYSE:SNAP , NYSE:TWTR outperformed the market and the low risk entry to participate before they start moving up.
SUNW PennantSolar play based on sector rotation & technicals
Low volume Pullbacks
SMI and RSI looks relatively oversold
Forming a pennant on daily, holding 20EMA
- HOLY GRAIL SETUP
Look for confirmation above 19.8 break
PT1 22.5
PT2 23.8
PT3 29.4
SL Below 20EMA
BLNK - Strong Uptrend and Retracement Reversal (Etoro Portfolio)The price has three times reversed from MA20 (orange) after cross above MA50 (blue), it had formed a pin bar at MA20.
Energy sector and high IBD's Relative Strength rating = 99 and industrial group rank = 1/197
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WHY INDICATOR 99% OF YOUR FAILURE. WHERE IS THE TRUE DIRECTION ?The indicator always loses because it uses the high-low-open-close price of the past, so it is usually slower because it is unpredictable. Future nature is unpredictable. So how to win in the market?
determine when the price is close to the real value. and when is speculative price? profit is equal to the difference between the real value and the speculative price.
$ADA consolidation after a big move, give it time0.41 key resistance for ADA (1st touch rejection)
30+ month base cup.
Needs time to consolidate after the big move recently.
High relative strength of Cardano compared to other crypto blue chips.
Ideally would like to see ADA consolidating between 0.30 and 0.4 for a while before a big move
March 2021 is the expected Goguen release date
"When the smart contracts are live, large-scale decentralized finance (DeFi) protocols and other decentralized applications would be able to launch on top of Cardano—giving it further utility and value"
JSE Potentially Starting to Outperform the S&P500?After the recovery from the Covid lows, the JSE has been underperforming the S&P500. However, since the start of the year, the JSE has been outperforming it. However, the low holiday volume should be taken into account. However, the start of the year could indicate where the JSE is at.
JSE Where are we at?Starting 2021 we find that the recovery from the Covid lows is still in progress. After a pullback and low formed in October 2020 we are seeing another push higher. Resources are again showing the most strength with a nearly 40% rise. However, financials are also recovering well at this stage but industrials are lagging. Over the holiday period, we have seen a push higher on lower volume but now we are finding a shoring of the stride. Watch for the next pullback in 2021 for the next opportunities.
