As mentioned in the last post if price clears the lower end of the range the technical picture looks good for another nice leg down. Check out the same levels on a weekly chart for the bigger picture. Stocks may not be finished selling of...
Cup and Handle has formed very nicely on the weekly chart. We've also had a strong breakout, confirming from the open of the candle. The moving averages are bullish 7 > 21 >200 RSI >50 - higher lows Bullish Target 1 - R340.00 Here's some information about the company to those who are international: African Rainbow Minerals (JSE:ARI) is a diversified South...
Assuming the trend will continue and if the sp 500 is pushed lower by NFP we could see a bigger move to the downside Setup: Holp reversal Trade rating: 3 Reward: risk: 2:1
EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔽 WTI 🔼 On Orthodox Christmas Day, Russia offered a 36-hour ceasefire with Ukraine. In response, Ukraine rejected the offer, claiming it only served Russia as breathing space and a propaganda tool. Meanwhile, western allies have agreed to provide military vehicles to Ukraine, boosting its offensive...
Expecting price to correct upwards between $13.73 and $16.49 in minor C followed by intermediate (C) in ((2)) to between the 61.8% or the 85.4% trend based fib extension. Invalid below 0.5525 cents.
Looking at the H4 chart, my overall bias for GRAB is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a possible pullback buy entry at 3.37, where the 23.6% Fibonacci line is. Stop loss will be at 2.94, where the 50% Fibonacci line and recent low are. Take profit will be at 4.00, where the previous swing...
When we look at the Ferrari graph on an annual basis, we see a rising wedge. Generally, assuming the wedge has broken downwards, the next target will be the $150 level. If we need to support this technical analysis with fundamental analysis, it is striking that especially the PEG ratio is too high. As long as the wedge doesn't break higher ($218), I will keep the...
The Trade Desk - 30d expiry - We look to Buy at 40.51 (stop at 37.39) Levels below 42.00 continue to attract buyers. 40.00 continues to hold back the bears. Daily signals for sentiment are at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Dip buying offers good risk/reward. Preferred...
Here we are looking at SNOW on the Daily TF. I would like to draw your attention to the up sloping Yellow trend line. If the price action closes below this trend line we can expect further downside action. The next target for SNOW is to the Green support line. Once the price hits the Green support line, you can look for a couple day bounce possibly back up...
$SPY broke out of down trend on 5min wants the $382.68 PL which is a bear gap fill and the 50EMA on the non session hourly. Expecting price to get rejected there. If not, hello $385. We have confluence on the session hour.
The UnitedHealth Group (UNH) hit the Resistance Zone following our last (November 18) signal but as it failed to break through its top, it got rejected: By doing so, the price even broke below the Higher Lows trend-line and the Bullish Megaphone pattern, that were in effect since February 2021. This potentially signals a deceleration on its enormous and...
If Scenario A happens, we'll be in a recession like we haven't seen in 100 years. If Scenario B happens, we'll be in a new bull market. If Scenario C happens we'll be in a new very strong bull market.
No change to the SPY. I am still watching the stock market as in a symmetrical triangle consolidation getting ready to break down to the 361-367 level on decliningg volume. It most clear on the weekly. I am expecting this pattern to be a continuation to 351 from the yellow rising macro wedge on declining volume we had been watching. Symmetrical triangles are...
Price is oversold in the weekly timeframe and has already bounced off twice the strong support with lots of volume the two times. Is very early to tell if is forming a double bottom, but it looks that market doesn't want the price to go lower under the support. This a long term holding, maybe a couple of years but the risk reward is too good to ignore it. On the...
Bias: Choppy Neutral (Leaning Bearish) Follow @JLaing for daily review/bias of the market and top stock watches for day trading every morning! Tune in to my livestream every morning from 10:00 - 10:45 ET for my Top Stock Watchlist and to see real live day trading.
$AGYS is one of the best short opportunities I've seen in a while. The stock is currently priced at over 4,700 times growth and 105 Price/ Free Cash Flow. The company is a miss on every value component in the Quant II model. Full stock analysis report is in the works.
just sharing a potential bull flag pattern formation on the daily timeframe for US10Y. current candle bounces on the 0.5 fib level, would affect negatively for stocks and BTC if this plays out.
just sharing a potential bear flag pattern formation on 4h timeframe on S&P, would affect negatively on BTC price if it plays out.