Today KeyCorp was one of the bottom performers in the S&P 500. From the chart & technical analysis; a double was top formed and downtrend seems to keep pushing further down. For the past week or so price was in a range and Volume increased for today's down trend. ***This is not an investment advise***
From the chart it can be seen that price is in a correction phase and indicators such as MACD: is going to the opposite of the price direction Moving Averages: all in a down direction Volume: is reducing to the current price ***This is not an investment advice***
From the chart it can be seen that both momentum and volume are increasing and an uptrend is likely on it's way Note: This is not an investment advice!
A chart pattern called V-Top is formed. They are very tricky to trade due to violent price movement. The 50, 20 & 9 EMAs are close and either the market is going a down trend or coming into consolidation. ***This is not an investment advice***
A double top chart pattern is formed. Cautions about the entry point. If it clearly breaks the Support level then it is a good entry point to sell as it can continue it's downtrend. ***This is not an investment advice***
Reversal Pattern double top formed 1 -3 months. From the Bullish Harami, Volume increasing and RSI going up an uptrend is mostly expected. Please note: Do not consider any investment advise from the above.
Based on a down trend; Volume is decreasing, a clear long legged doji has formed very close to the support level and From my analysis I can see a potential reversal for this market. Please note: I am a beginner in the what is called a swing trader. Do not consider any investment advise from this. Happy to meet new beginners to understand & share our ideas to...