Price about to break the ascending triangle. 3 scenarios: 1. Break imminent 2. More range bound within the triangle and then break 3. Fail My targets for 1 and 2 are 75 (the triangle target) and then 100 (Fibo extension). Trade safe.
Baba is now at 2018 levels and looks very attractive. I'll focus only on Ichimoku weekly. The tenkan and kijun are acting as support for the lagging span. The price has reached the top of the cloud, which is acting as support. Not a bad place to enter a long term trade, with a stop loss at the low of the day.
Is ETH going to backtest the breakout point at 590?
AAPL : Immediate target at 125. The other targets are on the chart.
Silver has broken out and one could consider entering a long trade now or on a retest of the breakout point. Fib extensions on the chart. Both fundamentals and technicals are supporting the trade.
BTC USD approximate measured move at 27.4K
Chart update () If we close above 42 we can consider a move to 64. Trade safe!
AYA This is a monthly chart of AYA Gold and Silver. The stock just broke out of a multi year trend line resistance. Fibo levels with projections on the chart. Fundamentals and technicals are great for this cheap silver miner.
Here is First Majestic monthly chart with all levels to watch. Given Silver strong performance and seasonability we should be looking for a break of the long term trend line. I expect much higher price in the next few weeks. Trade safe!
Cheap or not, BABA is still in a downtrend correction, but trying to form a base. Going back above 266 would be a positive step if you're looking for some signs of reversal. Alibaba is a solid company. I'm neutral/bullish now. Trade safe!
BIDU in a bullish trend. Analysis on the chart.
BTC Daily Let's keep the chart and analysis as simple as possible. The daily shows a bearish divergence between RSI and price. It could mean that bears are ready to take control again. The rising wedge also signals a reversal pattern to the downside. So where does it go from here? As a first target we could see a retest of the Kijun line on the daily....
SU (Suncor Energy) Suncor setting up nicely for a long move.
CAM P: Internet of Things play. Long consolidation. On watch for a break out of the horizontal channel. Trade safe.
This is a short to medium term analysis. I invite you to check my last daily chart for more info (). The BTCUSD 4 hour chart shows 2 patterns : - a rising wedge (in red) : would mean we go touch the upper line (20k+), before going south again. - a descending triangle (in blue) : would mean we break the rising wedge and continue bouncing within the blue...
UBER ABOVE IPO PRICE. PRICE DISCOVERY NOW. ECONOMIES RE-OPENING: BULLISH
NYSE:SPCE Here is the chart showing all Fibonacci levels . What now? Three different scenarios: -1. consolidation at the current level, and bullish continuation to 40 in a few days. -2. Immediate bullish continuation. -3. We pull back to retest the orange line. From a technical point of view, my opinion is that we will retest the orange line before going...