AMD SHORT TERM BEARISHNESS BEFORE LONGER TERM BULLISHNESSAMD is currently showing heavy amounts of retracement and entering the 0.382 zone. This is typically the bounce off region according to fib theory.
Bullish Points:
- 0.382 fib zone is the bounce off zone typically for most assets
- Bottom of kumo cloud acts as additional support and coincides with fib retracement level of 0.382
- 100 EMA acting as support as well
Resistance levels
Roughly $27 which coincides with upper kumo resistance.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
Robinhood
DISNEY REBOUND OFF STRONG SUPPORT BULLISHDIS is as many big name stocks are currently sliding down as earning reports are being reported across the financial sector. Despite this I remain bullish about Disney due to strong fundamentals coming in 2019 and techncial analysis on the shorter term.
A few bullish points that I see for Disney on the shorter term.
- Ichimoku showed point of entry on OCT 15 as the tenken-sen crossed the kijun-sen on the daily.
Strong support being met on multiple levels
- 100 EMA acting as support
- Top side of kumo cloud
- 3 point touch on the ascending lower trend line
I expect DIS to bounce off this support and test upper trend line once again of $117.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
ETH forms "CUP & HANDLE" BASE...will it lead to a breakout?Hello all! My name is Doolan Wesley! I am a Co-Creator of RobinhoodStrategy.com! We run an investing newsletter focused on the BEST STOCKS to own over the next 5-years! While I was reviewing chart today, I couldn't help but noticing Ethereum( ETHUSD ) . Now I am not a HUGE crypto fan, I think the blockchain technology is going to play a massive role in technology over the coming decades. However, I always look for CUP & HANDLE patterns because it's an extremely reliable base, typically!
Now no one knows for sure whether this base will transpire into anything, however I have investing some money here strictly based on this technical pattern and because I think ETH is on of the most valuable blockchain assets currently in play.
Best of luck to ALL! I just thought I'd share my two cents!
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IOTA TRADING OPENS ON MAY 4TH ON ROBINHOOD THE NEWS IS OUT SINCE EARLY THIS WEEK. A lot of folks start buying IOTA since this Monday, and they are looking for a decent profit. Once the Robinhood opens the market for this coin, customers are able to purchase IOTA with BTC, ETH, and USD! But, it is believe that those folks who already bought this coin during the last few days, will sell. This might cause a significant price drop, but it will most likely be recovered. Robinhood (Cobinhood) is a decent mobile application to buy stocks and Cryptos. There are a lot of cash $ sitting in there and it's a very minimal of chance that IOTA could not recover.