Currently holding 200MA with RSI turning up. Price range still within a downtrend channel and resistance ~HK$ 398.00 Important to also watch the monthly candle close on Monday!
- nicely above rising 40week MA - since breakout in late 2015, RSI never came below 50 - MACD bullish cross?
iShares MSCI Emerging Markets Index Fund vs S&P500 ETF, waiting for a breakout.... (or breakdown?)
40-week MA slowly starting to slope upwards RSI nicely floating above 40
- Bullish engulfing pattern (outside day) - Bullish divergence (RSI) - Bouncing on 200DMA - Gap should provide additional support
- Steep downtrend since mid October. - Near the low of its longer term uptrend range. - Bouncing off 200MA. - RSI stabilizing.
EURUSD weekly chart Can the support hold (blue dotted line ~1.2045 area) and price resolves higher, breaking out of the channel... or The support breaks and we head much lower?
Fibonacci still a resistance and MACD even closer to a bearish cross... Interesting week ahead !!
A measured move targets $69
Alaska Air is currently trading at the top of its downtrend channel, a bearish engulfing pattern is currently forming (although we'll need to wait for the close to confirm) and the RSI has already turned down from a high level....
needs to break that downtrend line tho
Friday was an interesting day, in terms of confluence, for anyone who looked at $DIS. The price rose back to fill that $3 gap left open since early August. Friday's high stopped at the 200MA + 61.8 Fibo retracement (Oct'16 low - Apr'17 high). High volume during the whole week, bearish candle on Friday, RSI slightly overbought.
sometimes, looking at only the price action and removing all "distractions" helps...