Market structure is in a slow uptrend holding resistance at around 2806 hence from the Renko chart I expect the market traveling to the following levels: Resistance levels: 2810 2802 Support levels: 2793 2778 2769 2761
Last Friday's bullish rally was on low volume and price matters how much volume takes place. It consolidated and found value at 2762 as it trapped into a range in the last 4 hours of the trading day. Presently the market structure is in a range (sideways) and hence from the Renko chart I expect the market traveling to the following levels: Resistance levels:...
Renko bar Charts help you identify clear trends, momentum and reversals. Renko Charts are so powerful they basically factor in market rotation, market structure and they build candles based on the strength of price movement. Trend is to the downside hence, Price is making lower highs and Lower lows. We only care about volume & price. Support...
Probably The price for S&P 500 will be trying to close the small gap that was left open on the 14th June's session and down to close the naked POC; which means prices hasn't been traded. When price is coming down it is said to be a magnet, it stops temporarily at that price level & it finds value over there
What will the news headlines be because of this down fall? :-D Trade war? Jobs Data? Investors' sentiment?
Now that we made - hopefully - profit to the up side; it is time for price correction and go a little bit to the down side. Now that the news came out the the great oil rally of 2018 could be coming to an end due to OPEC may be pumping more oil and the proposed U.S. sanctions against Iran and that the U.S. has more oil invetory than expected. At the top of the...
The HASBRO HAS stock showing MACD RSI Momentum Stochastic 4 indicators to the downside. Volume is low, that indicates not enough enthusiasm from the buyers. Notice the Parabolic blowoff & Volume spread. This represents a trend reversal. Sell to target price of 79
MACD Oscillating the ZERO line Possible Bearish tend channel is forming Momentum & RIS pointing to the down size. Volume which leads the price is reducing Quick Sell trade with first target to 76 to close the gap and closest price support level
The UPS stock seems it reached it's peak price mid January 2018. Now it is the correction phase. From technical indicators; RSI, Momentum & MACD showing a slow down in price movement. Expect down trend in the coming weeks. First Target to 105
From chart & technical analysis seems that the eBay stock price it is finding a correct average price. Price reversed the up; therefore there is this short price drop. Target to 35.
From chart analysis this is where the price range is expected to be for today's session.
Checked with the Weekly and Daily chart. Trends & indicators double checked & confirmed with the 4,2 & 1 hour charts. EMA: 19 below the 50 and the 9 is crossing below the 50 pointing to the 19 CCI with averages: bounced the +100 and pointing down Momentum indicator: pointing to the down trend MACD: Oscillating near to below the zero; bearish momentum RSI:...
From chart patters and technical analysis this stock has it's indicators RSI, MACD & Volume showing that price will be following a down trend to complete the 5 elliot impulse wave theory *** This is not an investment advice***
Yesterday in the day chart CDNS closed with a long legged doji. From the chart patterns and technical analysis. No confirmed direction yet where the price of this stock is going. Although from technical indicators RSI, CCI & Volume it might go more to the down side. *** This is not an investment advise ***
There is a divergence between decreased volume and increasing price. Sometimes this can be a reversal, other times it indicates a consolidation before another wave higher. ***This is not an investment advice***
From the chart/technical analysis; we can see that the price is in between the 38.2% and 50% Fibinacci support levels which mean in a correction phase. Next price target will be around $49.39. Information from the Bollinger bands, Stochastic and the 50 EMA seems that an uptrend is starting to picking up. The company will issue it's first-quarter results on the of...
From market analysis the price for this Stock - Broadcom - seems it has reached it highest point last December and now is in a correction phase, Elliot wave ABC. Today it has opened with a price GAP which in my analysis seems it is a continuation gap which occurs in the middle of the trend in this case: downtrend. In my opinion go short and target would be in the...
From the chart & technical analysis the the faster Moving averages i.e 9 & 19 EMA are about to cross above the slower -50 - Moving average from below, therefore trend is switching to bullish and price might go higher in the coming days. Momentum indicator is showing overbought so there might be a possible role reversal. *** This is not an investment advice***