Jicka

Jicka

Love the divergence on the 4h, slightly less pronounced on the daily but still there. Combined with the downtrend makes it even nicer.

Jicka

Just keeping this for my own records, amazing setup.

Jicka Updated 

RSI is on the long term support since its been in an uptrend and price is right on the 50. Stop loss could be based on RSI breakdown and retest that puts the uptrend in doubt.

Jicka

Looking at the previous instances in the last 6 months that RSI has been this overbought, everytime it has immediately had a sharp dip. One concerning factor is the delay how it has consolidated now for a few semi-tight closes but the R/R ratio 4/1 compensates for that. Price target 1 if it reversed would be the point of control, although another more ambitious...

Jicka

Again looking at RSI divergence coupled with OBV to predict short term reversals for earnings breakout superstocks. The ideal sell point was marked with bearish RSI divergence and the OBV started to trend down. The next reversal or maximum point of discomfort was after the retest of RSI being very oversold in conjunction with the price touching the 200 DMA.

Jicka

Just looking back at a stock for a hindsight view on picking the best buy and sell times. Note the OBV matches very well with the RSI, the short term trend reversal is confirmed with RSI bearish divergence and the retest of on the OBV downtrend line.

Jicka

RSI bearish divergence. Looking for a pullback back to the gap after the FOMO dies off and gives back.

Jicka

This looks like a nice technical setup for mean reversion coming straight out of an overreaction. The volume by price range shows the 3 clear points with a lot of price memory. Most holders that haven't sold will feel they are owed money and be looking to relieve the tension of the loss at those points.

Jicka

Green lines represent the 10-month channel for price action, which it is currently at the bottom of. Note the volume by price on the right with the 2 light blue dotted lines. The top line reflects the price of most volume during this channel and the bottom is a high volume node. Both of these price points should have strong price memory with investors feeling...

Jicka

Looking for a long here at the point of capitulation. The NZD interest rate cut has affected AUD as well, does it mark the bottom for both Oceanic currencies and the peak of fear? Pay attention to the volume by price range, it reflects the middle and top of the channel as well as a currently sitting on a nice double...

Jicka

GBP is currently a hot topic, with Boris Johnson just in and the uncertainty of Brexit fear is running high. Are there parallels to Trump? The general narrative then (beware the seduction of narratives), was that if he got in the USD would tank, but it did the opposite. Will we see the same here? Let's have a look at the charts. Timeframes Monthly Weekly...

Jicka

AUD is at a 10 year low and being reported on in the mainstream media. This setup is looking for a reversal with a favorably skewed price target / stop loss. Charts below include; Monthly Top of the Bollinger Band RSI peak Regression trend Weekly Balance of Power divergence Balance of Power downtrend Daily Top of regression...

Jicka

- target double the point of control (red volume line), also coincides with high volume node - 24% / 7.5% - Risk / Reward The Narrative (run while you can) - post gap, dust is settling - capitulation married with accumulation - 3/1 RR speculation on the channel holding ------------------------------------------------------------------- I am not a financial...

Jicka

EMES gapped down hard 2 weeks ago, since then the market seems to be coming to terms with its new base / level. Earnings coming up soon, probably a reasonable chance that it will range until then, but if you check the spread post- gap at current prices it's ranging over 50%. Not to mention its currently at the bottom of the range. This is a setup I have been...

Jicka Updated 

WTC came to my attention when looking through the ASX biggest losers, it is a SaaS company that seems to be high growth and in a clear uptrend (reminds me a lot of Xero and Salesforce). It seems this 20% drop in the last week was post 1h 2019 report. Clearly it fell short of expectations but if you take a look the growth is still impressive; - Revenue up 68% -...

Jicka

This chart looks so nice, barely any red candles on its march up from 2016 to present. - Nice 18 month base - Sequential earnings winner - Prior Superstock ($150 in the past!), should be good for some price memory and former momentum traders - Above 30 WMA - No analyst coverage (flying under the radar) - Insider activity - not market buys but a conversion of...

Jicka

RSI could be breaking out from the resistance line, fundamentals are also strong. - Low PE run-rate 8.5 - Nice low float 13.7 million - No long term debt. 10 Million in cash. - No short interest - Flying under the radar with no analyst coverage - Former momentum stock - price memory could come back into play for old traders - 28% inside...

Jicka

No trade for me as it already bounced 15% on the divergence, just going to keep an eye on it out of interest.