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Rsioscillator

ONT/USDT Update: Using 0.6 Fib as new support. Target still 8$ONT did break out of the narrowing wedge in yellow. Since then ONT blasts off eyeing for new ATH. On the way we got a bigger pullback in April and according to Fibonacci retracement levels we've found support around the 0.6 level. Currently we are moving through the 0.3 level which indicates more upside movement. In addition the volume overall keeps increasing and we are still far away from our target around 8$. This pullback nearly did send us back below to oversold area. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
5
SPXC's RSI Oscillator climbs out of oversold territoryThe RSI Oscillator for SPXC moved out of oversold territory on September 14, 2020. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. Tickeron A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In 22 of the 26 cases the stock moved higher. This puts the odds of a move higher at 85%. Current price $42.63 crossed the resistance line at $42.51 and is trading between $46.20 support and $42.51 resistance lines. Throughout the month of 08/19/20 - 09/21/20, the price experienced a -3% Downtrend, while the week of 09/14/20 - 09/21/20 shows a +5% Uptrend. Bullish Trend Analysis The Momentum Indicator moved above the 0 level on September 16, 2020. You may want to consider a long position or call options on SPXC as a result. Tickeron A.I. detected that in 76 of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 78%. The Moving Average Convergence Divergence (MACD) for SPXC just turned positive on September 17, 2020. Looking at past instances where SPXC's MACD turned positive, the stock continued to rise Tickeron AI shows that in 39 of 50 cases over the following month. The odds of a continued upward trend are 78%. SPXC moved above its 50-day Moving Average on September 16, 2020 date and that indicates a change from a downward trend to an upward trend. Following a +2.50% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPXC advanced for three days, in 241 of 322 cases, the price rose further within the following month. The odds of a continued upward trend are 75%. SPXC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
NYSE:SPXCLong
by AlTorress