Bullish momentum divergence should carry XLE to retest previous resistance. Seeing divergence on Mac-D signal lines, histogram, and RSI. There was a pin bar on above average volume on the 14th and price has since closed above that high giving us a swing point along with higher low on the histogram on Friday.
Bullish momentum divergence present on all three Mac-D signal lines, histogram, and RSI. We saw low volume after the initial spike on the 17th, but now volume has come back in a big way. At $3 I'm expecting a rally back to 14s in the coming months. Nice play with it so cheap to just throw some cash on it and forget about it until you have 3.6x's risk in your...
Bearish Divergence formed at the outer Bollinger Band extreme. Divergence shown on RSI, Mac-d signal lines, and histogram. Today put in the first lower high on the histogram along with price creating a reversal candle on above average volume. Looking for a drop back to light support level.
We are seeing very clean bullish momentum divergence from the mac-d histogram, mac-d signal lines, and RSI. I'm looking for CLF to retest its previous swing point high for nice 1:2 R/R with stops under the recent swing low. RSI also happened to close above 50 for the first time today coming off its recent swing low which never hurts.
Above average volume led a bounce off of previous low's for GG as well as a bounce from the Bollinger band extreme. We are seeing very noticeable momentum divergence off of the mac-d histogram and signal lines. The RSI has also given us the green light as it has failed to make lower lows, and the mac-d histogram has put in its first higher low today signaling our...
Friday brought first higher low on Mac-D histogram which signaled entry for the bullish momentum divergence seen on the histogram, signal lines, and also the RSI. Above average volume gave way to a pin bar at the outside Bollinger band. Looking for price to retest previous resistance.
Friday brought the first higher low reading on the mac-d histogram signaling entry for JCP long. This came off of noticeable momentum divergence from both the histogram and the signal lines. Also, RSI showing some divergence. There was above average volume on Friday leading me to believe that the buying brought on will be able to be sustained as we shoot for the...
Dark cloud candlestick pattern occurring at the extreme of the Bollinger Bands with momentum divergence showing on both the mac-d histogram and RSI. Looking for price to retrace to the 50 ema or lower Bollinger Band, whichever occurs first.
Bearish momentum divergence seen on PFE via the Mac-D histogram. As one can see, PFE tends to follow these divergences quite cleanly and trades back to the 50 EMA. All of these reference points are taken from the Bollinger Band extremes. The first lower/higher reading on the histogram has spelled reversal in the past. Today, our histogram has put in it's first...
Friday brought a bullish price action close with some very sizeable volume for BRX. Momentum is creeping higher, and it looks like this could lead to a nice bounce away from the 50 ema which also happens to have landed at a noticeable support level as well. Not shown, the mac-d histogram has also made higher lows for a few days now indicating that bulls are likely...
Looking for Dead Cat Bounce for Ford at this support level after sell off. Use limit order for today's close price - Place stop below today's lows and shoot for first resistance level. Roughly a straight 1:1.
Potential Butterfly Harmonic Pattern Long. Profit Target .8860
Very noticeable bullish momentum divergence occurring at support for VNTV. Monday brought a price action close for resuming the uptrend. A pin bar on high volume today should confirm that this level should hold, and price should look to retest its next resistance level.
Alternate Bat Pattern w/ Momentum Divergence. Looking for retest of B Point.
Bullish Piercing Candle at support on above average volume at channel support with momentum divergence. We had a higher low recorded on the MACD histogram as well. I am looking for HAL to retest its next resistance level at $70. With stop losses below the low of Friday the trade gives you a 1.5R.
Volume Spike on Friday at support brought a pin bar like candle on extremely noticeable momentum divergence. I would look to get long at the closing price of Friday; however, the more conservative trade would be to wait for a break of Friday's high or even a close above that price. I would look for a retest of the first major resistance level around $37 - profit...
MGM brought huge volume yesterday to form a pin bar at support. This support level was hit with some momentum divergence and should hold. I am looking for a retest of 24.80s for a 1:1.5 RR ratio. Price has broken the high of yesterday, and this pullback should provide a good entry point of which to take advantage.