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A Potential Bullish Fixer. Bearish divergence on Feb 10, 2021, when the stock was topping at around $65. On Feb 18, 2021, the bearish divergence completed the pattern followed with a market sell-off immediately to around $42. Now, this stock is a potential bullish fixer. What do I mean by a potential bullish fixer? It is becoming less bearish and has the...
More correction is possible for NIO NIO Price Chart shows a triple top bearish formation with the neckline broken on Feb 18, 2021. It is possible for this stock price to drop further to a price target of $47. An earnings report is coming up on March 1, 2021. Therefore, the market may change conditions and the bulls may regain control of this stock. If the...
More correction is possible for TSLA TSLA Price Bar Chart is still bearish. It is possible for this stock price to drop further to a price target of $680. -DMI is still very strong and ADX is still rising. Thank you for reading! Greenfield Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a...
A further correction is ahead $740! Thank you for reading! Greenfield Remember to click "Like" and "Follow" to see more articles. Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
This correction is not done yet $50! Thank you for reading! Greenfield Remember to click "Like" and "Follow" to see more articles. Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
What is the Moving Average Convergence Divergence (MACD) Indicator? The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator. The indicator tells us the relationship between two moving averages of the security price. To determine MACD subtract the 26-period exponential moving average from the 12-period exponential moving...
How to trade stocks with call and put options? Why one may consider options trading? One may consider options trading to generate income, to hedge his or her portfolio, and to speculate the next price move. What is a call option? A call option allows the option buyer the right, but not the obligation to buy a security at a predetermined price within a specific...
A: What type of gap is A1? Possibly a continuation gap or exhaustion gap. This gap is questionable because it is unconfirmed. A2: This is confirmation that A1 is an exhaustion gap. This gap is now at least a temporary exhaustion gap. An exhaustion gap breaks out in the direction of the current trend, and then it will reverse direction and break the...
Zoom Video Communications INC with stock symbol ZM is at a major price level of $375.17 as of market close on December 24, 2020. Some thoughts on portfolio management and risk management for new traders and new buyers looking into trading this stock or hold the stock as a long-term investment. This is a good discount price for this stock; however, new buyers...
Timeframe selection is important to trade short squeeze! What happens in a short squeeze, the short-sellers are under pressure because they are under distress trying to cover their short positions. Along with bargain hunters and active traders wanting to make a profit from the short squeeze, all that combined actions pushes the price even higher. Time is...
Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
How to interpret and trade with Bollinger Bands? What are Bollinger Bands? Bollinger Bands is a method developed by John Bollinger around the 1980s. The Bollinger Bands help traders to analyze price volatility and price momentum. The Bollinger Bands consist of the centerline that is the moving average of the price and upper and lower channels that adjust...
Happy New Year & Happy Valentine 2021! May this new year be filled with love and cheer!
How to trade a temporary pullback and a breakout gap? Some security will make a temporary pullback before making a new high with a breakout gap. How to trade a temporary pullback? A trader may be bearish during the temporary pullback formation. A trader may consider going short during this pattern formation or the trader may consider waiting to avoid...
A new high above $541.39 is possible for Netflix Inc NFLX Business Overview Netflix Inc with symbol NFLX operates a subscription streaming entertainment service. Upcoming Earnings Report January 19, 2021, for the period ending December 2020 Chart Reading Netflix Inc with symbol NFLX has been trading in a narrow range since Jul 10, 2020, between the low...
How to trade the major bearish trendline? The major bearish trendline consists of three corrective waves according to the Elliott wave principle. The three major corrective waves are labeled as Leg A, Leg B, and Leg C. The common characteristics of Leg A Leg A will form a top formation like a double top, a head and shoulder top pattern, or a triple top...
How to trade a throwback and a pullback? What are a throwback and a pullback? A throwback hits a new high price, but will quickly reverse and return to the initial price prior to the breakout. A pullback hits the previous major support, and will quickly resume the uptrend. How to trade a throwback? What are some of the reasons one may fail to trade a...