Hello, So I've been hearing of a lot of excitement from people buying back on the dip but I wanted to give my own analysis and say why you should be careful -We've seen NIO now bounce back from around that $40 area but I believe it's coming up on an important area -It has just crossed over the 20MA on the 1hour but it is slowing down with smaller and smaller...
Looks like a strong resistance at ~$4.24 The .236 fib lines up with it, resistance line (yellow dashed) able to be set there as multiple retests have been seen, 50 MA also serving as a resistance ~$4.07 looks like a solid support too ~$4.34 at the .382 fib looks like a good target Let's watch and see if it's able to break out I am new so feedback is...
Hi, I'm looking at the trends here and it looks like BLX is about to break its resistance, volume is looking good too. Projected to reach $40? What do y'all think? Feedback is welcome Thanks
- Bull flag - See it trying to break out - Almost breaking out - Ascending triangle forming - Can it reach the previous high as a target tomorrow? Feedback is welcome, especially if I'm wrong Thanks
Looks like a channel is forming, volume is looking okay too. Hopefully, channel doesn't break. Can this keep up until close? Feedback is always welcome, especially if I'm wrong Thanks
Hey guys, So I'm pretty new to trading and have only had success trading by looking at real world events (company news etc.) never really relied on patterns My question is... Is WKHS going to drop over the weekend by breaking out of an ascending wedge (is there even one? idk) or will it consolidate or maybe even rise (if it wins its bid with the USPS) Again,...