RS3175

RS3175

CRWD formed an inverted head and shoulder pattern in August 2023. Price broke the neckline on high volume. Thereafter, a bullish flag pattern has resulted. On 8 September 2023, CRWD broke above the high of 1 August. CRWD has broken out of the rectangular formation in which it had been trading since May 2023. Squeeze Momentum indicator has just fired (black...

RS3175

SPY Hourly Chart: I see a bearish bat pattern on SPY. SPY started an uptrend in the latter part of 6 September after a downtrend which started a week ago. This uptrend is likely to continue with a few minor downswings till third week of September when point D of the pattern is reached. SPY would then be in the range of 455-456. Thereafter, the scenario...

RS3175

Signs in favour of LULU uptrend: (i) LULU has broken a major resistance level with high volume. (ii) A bullish pennant is forming. (iii) Bullish Squeeze momentum has fired. (iv) RSI is above average. (v) RSI is in the range of 60 - a good level for breakout. (vi) Looks like continuity of 3rd Elliott Wave. LULU is just below another resistance level of...

RS3175 Updated 

The high of right shoulder of head-and-shoulder pattern, which was formed in the first half of June 2023 (blue) was re-tested in the second half of June (purple). This second shoulder pattern broke the neckline (yellow) and the downtrend began. HSY is close to a major support of 216. Price is likely to bounce from this support when RSI, too, would be oversold...

RS3175

PYPL has been in a descending channel for over a year. From March to May 2023, PYPL traded in a rectangular formation. RSI during this period hovered around 50. However, the volume wasn't enough for breakout. After Q2 earnings, PYPL broke down from the rectangular formation. In June-August 2023, PYPL has been trading at a higher volume. It bounced from a double...

RS3175

WSM is in a similar position as it was in beginning Feb 2023. Stock fell from the same level (high of approx. 145) to a low of about 125. Unlike in Feb 2023 when the stock bounced to 130 before falling again, this time, it has again reached the high of 145. A cup and handle formation along with a bullish pennant seem bullish. However, the neckline of the large W...

RS3175

(i) There is a cup and handle formation. (ii) Price bounced from a key support level with multiple bottoms (125 price region). (iii) On 1 September 2023, price gapped up. (iv) Squeeze Momentum indictor on daily chart has turned dark red from red, showing decreasing bearish momentum. On weekly chart, it has just turned green, showing increasing bullish...

RS3175

FNV is trading in a descending channel. In its latest upswing, it has gone above the upper trendline of the channel. It has also gone above the neck (yellow line) of the double bottom formation, which is now acting as support. Bullish trend on Squeeze Momentum indicator. Move bullish volume than bearish volume in current upswing. If it doesn't lose the yellow line...

RS3175

KMB trading in an upward channel. Has bounced from a major support level. Two hurdles at 135 and 142 before reaching 150.

RS3175 Updated 

The trendline of the uptrend which started in May 2023 was breached in early Aug 2023. However, GATX is holding 100 EMA and holding support of 122. If it falls below this first support of 122, it is likely to bounce back from the second support of 119. If not, it may go into a long downtrend, reaching levels between 100-110. Squeeze Momentum indicator is...

RS3175

This is what I see: A cup and handle pattern. End of 4th motive wave. Stock to go up to next resistance level of 320 and possibly higher in the 5th wave.

RS3175

SPX has gone above 200/100/50/20 EMAs. Broke the neck-line of double bottom today. One slight push and SPX's uptrend will begin. Go SPX Go!

RS3175

HD hasn't been able to break a strong resistance level. The uptrend channel has also been breached. Likely to go up and down near the resistance level before losing power and breaking down.

RS3175

EXPO has bounced from a major support level (multiple bottoms). Bullish RSI Divergence. Squeeze Momentum indicator bullish. Next resistance at 95.

RS3175

IRDM has lost a major support level. Huge price drops thrice in last one month. It will try to go up to 50 before falling again.

RS3175

IDCC is holding the resistance(July 2018, June 2021)-turned-support level. Also 100 EMA. Squeeze Momentum indicator points towards bullish trend. RSI has crossed average from below. Indications of a bullish trend.

RS3175

NFG has bounced from a strong support level. There is bullish RSI divergence. Bearish Squeeze Momentum is nearly over. NFG may fall a couple of days before rising again and going up to 60 in its next uptrend cycle.

RS3175

F has bounced from a major support level. It's oversold. There were two minor RSI failure swings. Lowest low was 22. Next low was 26.06. The current low is 26.34. RSI oscillator has crossed RSI average. According to Squeeze Momentum indicator, bearish momentum is getting weaker. F needs to break the neck of W formation to start an uptrend.