Lifesong

Lifesong

Price currently @ 1775 Short term swing trade Enter @ current price < 1800 Multiple targets Risk = 15% Target 1 > 50% Target 2 @ 75% (longer term) Target 3 @ 200% (longer term)

Lifesong Updated 

Explanation on chart

Lifesong Updated 

Swing trade with 3 possible entries. Taken 1st Buy on 05 Jun-20 @ 15:50 with price of 5050 RSI on 240 minute oversold RSI divergence possible

Lifesong Updated 

Analysis on 240 minute chart

Lifesong Updated 

Analysis on Daily chart (25 May-20) RSI has been moving higher since price bottomed on 31 Mar @ 6300 Uptrend developing TRADE SUMMARY (Swing trade) Buy @ 7800 Profit target 1 @ 9700 Profit target 2 @ 12000 Stop loss @ 7250 TARGET 1 (short term) TARGET 2 (longer term) Risk = 550 (7%) ...

Lifesong Updated 

Analysis & trade summary on chart

Lifesong Updated 

Week high price of just over 35000 is within Supply/Resistance/Sell zone made with 20 Jan high just over 35300 RSI on Daily & 240 min charts are oversold and correction is ensuing. Sell entry @ 33200 Stop loss @ 34000 Profit target @30200 Risk = 800 Profit = 3000 Risk/Reward ratio = 3.75

Lifesong Updated 

It seems a double top was formed on daily & 240 min charts with RSI divergence evident on 240 min. Technically the double bottom scenario only becomes valid once the support level between 10000 & 9700 is broken. When one considers the Platinum chart it seems that the price is sliding down and that Impala will follow suit. Although the double bottom pattern is...

Lifesong

Summary on 240 minute chart

Lifesong Updated 

Price made highs around R74 before stalling RSI divergence evident on Daily chart Price stayed higher or equal, whilst RSI moved lower as marked by ! & 2 on the chart. Current price is around R69 1st Target is price below R55

Lifesong

DATE PRICE RSI 24 Feb-20 18.95 69.9 20 May-20 18.17 75.7 Divergence between price movement on 24 Feb vs 20...

Lifesong

Looking at Daily chart of FTSE the 6780-6860 area is previous resistance area and it coincides with 78.6% Fib retracement drawn from Apr'15 high @ 7127 to Feb'16 low @ 5494. My preference is shorting from 6760 with stop above 6860 and initial target @ 6450 and longer term 5750.

Lifesong

Looking at Weekly chart of S&P500 chart it seems that Fib Expansion formed from Mar'09 low @ 680 to May'11 high @ 1372 to Oct'11 low @ 1075 is targeting 1.618 Fib Expansion @ 2080. As this is all time high and unchartered territory we might very easily see it roll over from here or even slightly higher around 2100 (nice round number). These are approximate levels...