DailyChartist

DailyChartist

"Trend is your friend" as they say and for me it's a personal guiding though implemented in my technical analysis. TTD's correction has ended and currently we have a affirmative bounce from the internal fractal support line. RSI and MACD's histogram are signaling for a reversal, though MACD hasn't made it's crossing yet. Thursday's close was with a pinbar and...

DailyChartist

The potential bullish flag is no longer on the table. On Friday the bears managed to slip the price further down with bulls buying the dip in the last moment. Currently the price has stalled on the support of the rising channel and a move bellow that line will confirm that the price may go lower towards the $45 price zone.

DailyChartist

Following my last idea about Coca - Cola I opened a long position in KO. Price has reached my preferred zone to execute a long position. SL is appropriate regarding my risk tolerance. My entry is 50.08 with SL 46.58.

DailyChartist

The bullish flag for now is ruined as we have turned South in the previous trading session. The support of the potential figure was breached and we closed below it. Currently we are in a fractal support of the uptrend - that's the BUT! part. Because RSI and MACD's crossover and histogram are signaling that we may head for a correction and that it's appropriate to...

DailyChartist

Buyers were able to pinch trough the flag's resistance level and thus trigger the formation. Two scenarios in this case may follow: 1. Price tests again the figure and continues it's way up; 2. Price aggressively starts to rise and complete the flag fast with big volumes;

DailyChartist

XLE has been in a range for quite some time with the fall of Oil price from the first lockdown. But as thing recover and demand for Oil is returning to somewhat normal levels, the ETF is starting to give signs of life as well. RSI well above 50 and is moving slowly into overbought territory, but this means that there is more room for the price to rise. MACD has...

DailyChartist

Boeing's recovery is steady and the uptrend is not that aggressive as other stocks recovering since the first lockdown, but that's because of the specific industry that Boeing is in, hit hard by the COVID-19 pandemic. We have a small correction inside the uptrend, but that may end soon, as we have formed a bullish flag. RSI has already provided a bullish signal....

DailyChartist

Recent price action shows that traders are closing their long positions and we have reached a point to think if this is going to accelerate and even if some selling occurs. The uptrend is intact, still not tested, but we are moving towards the 120 - 123 fractal line - first major support and the demand zone of the trend. RSI gave the initial warning signal and...

DailyChartist

$PFE is still inside the intact uptrend. RSI divergence with price shy below the 50 level. MACD slope turning, histogram moving North. Price action and a bounce from a fractal trendline.

DailyChartist

RSI above 50, MACD still with a positive upward slope, as well as a rising histogram. Runaway gap from Yesterday made with a big volume spike and wasn't tested nor covered. An eventual test of the gap would be an additional bullish confirmation, but depending on gold's price that may be skipped.

DailyChartist

$DIS - waiting for price action to confirm a potential correction; RSI divergence and in OB zone; MACD divergence and a bearish crossover; Leading way ahead of the SPX as a reference.

DailyChartist

RSI gave the earlier signal with the bearish crossover, MACD did the additional confirmation. It was important to see the price action as well. Recent highs were sold and Yesterday we finished in negative territory. Volume spike suggests that there was profit closing with an attempt to buy the dip. Selling is minimal, though if the picture continues to deteriorate...

DailyChartist

$PFF - Preferred stocks have reached a critical maximum for now and with today's price action we may see an additional confirmation to RSI an MACD. RSI has already dipped for a sell signal and MACD is showing a strong divergence with the price. Volume activity is showing as well that buying power is slowing down. If we have a bullish engulfing candle today as a...

DailyChartist

$QQQ stretching, supported by "sky is the limit" motive, but hanging dangerously at the top levels. MACD and RSI pointing for future correction, volumes are descending since November. Interesting to see if buyers manage to reach a new ATH or the ETF is going to take a break.

DailyChartist

Utilities back on track in the upside trend. MACD crossover, histogram peaking above 0, RSI confirmation, falling wedge breached, higher dividend than the previous one, gap covered. Volume just needs to rise.

DailyChartist

Friday's close changed a bit the parameters of the trade, but still took it at the open today. SHORT SL changed to 746.75 TP remains at: 561.84

DailyChartist

Good selling opportunity has revealed for NZDUSD. 1. RSI crossing from top to bottom and under 80; 2. MACD crossover and divergence with the price; 3. Sell spot price, SL: 0.72788, TP: 0.67798;

DailyChartist

Risky trade for next week: short $TSLA. 1. MACD crossover, histogram descending; 2. RSI in overbought zone, cross from top to bottom; 3. Triangle target reached; 4. Set up for next week: short on Monday, SL:703.38, TP:561.86