Market is way up and totally disconnected with current scenario. It is just wrong along with vaccine news market keeps going up which doesn't make any sense at all in this period. It will literally take over 2-6 months to start vaccination in phase period and before that with upcoming holiday season and increasing cases of COVID 19 . There's going to be disaster...
Okay, So again I would like to emphasis here that, If you all are thinking this is breakout , NO IT IS NOT!!!! Volume on spy today was less than yesterday's volume that means dead cat bounce. Also comparing RSI with previous high and with such a move in day didn't gained much that means there was fight beat sellers and buyers. Market on close was in Imbalance on...
Today's move will give clear idea, in a short span of time this is third time vaccine news has been published and which has helped market to sustain high. But decreasing volume is concerned dead cat bounce...!! You have to watch for the break out confirmation with good volume and rsi has space to being more bullish. But if it fails to do so we can see market...
SHORT ZOOM CHARTS SUGGEST A CORRECTION AND NEED TO FILL THE GAP ... FIRST TARGET 460 SECOND TARGET 445 FINAL TARGET 400 STOP LOSS 500/10
With festival season coming SHOP looks a buy at this dip..... Can try 960C DEC 4 STOP LOSS AT 880
Amazon yesterday closed above 50DMA that means the stock price is going up but it has to break out at this level above 3220 for next strong upmove with factors such as PRIME day and Earnings coming up. With such a strong previous earnings and most probably q3 earnings will also be above the roof with ongoing pandemic and increased online footprint. With few...
After making all time high it has consolidated well at 1080-1120. Seeing the business model and news on splitting chances are it will make new high. Go long. My target is 1150, 1180, 1280. Charts: Cup and handle formation on 2 hourly.
Trade according to your understanding. This is strictly informational purpose.
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