I picked up IVOV due to it's unusual volume activity. Possible volume spring could play out here over the next few days/week. (Yellow) Oversold indicators, stochastic RSI breaking above last two resistance points. (Red line) Small R/R of 2. Max gain potential - 8.21% Max loss potential - 3.77%
The R/R is somewhat stale. However, the technicals and price action indicate there if possible further upward momentum. Currently, price action is sitting on support formed by the Kijun and Tenkan. If price action continues, there should be a rally to the last high at the very least. If price action breaks support, we can cut our losses at the previous...
High risk trade with this small-cap pennystock. Huge R/R potential - Ranges between 2-7 depending on your price target. Scaling in slowly with small position sizes is recommended here to somewhat mute volatility. Profit target range - 29%/63%/93% Max loss potential - 13%
Key pts for this trade setup - Favorable R/R at 4 - Oversold indicators - Price action making higher lows and wicks convey buying pressure
Carvana has been on a wild run since it's lows of $30 in March. On the current chart, we can clearly see the uptrending channel that price action has been following until the price abruptly rallied and went through a distribution phase. This is the perfect time to "buy the dip" as they say. With our trendlines, we are filtering out the fast-paced rally....
Spot recently slid 20% over the last week. Currently, the price is at an opportunistic level for a trade. Stochastic RSI has bottomed. However, the signal line has not risen above 20, which would indicate strong momentum. Currently, the momentum on the daily chart is indicated on the price action of the daily candle by the long wick which hit a low of 220....
Chart says it all, oversold indicators, price action on the daily chart shows buying pressure at support. Tight stops at 3.53% of buy-in with relative targets between 6.5-9%. Offering R:R ratios of 2:1 - 3:1
Long position tool set at possible entry, exit, and TP points.
Re-test of long-term trendline. Stochastic RSI bottomed out. Possible double bottom. Daily price action making higher lows. Wicks on the past two daily candles show buyers are on the sidelines. Q4 is historically strong for BBY. Good old Black Friday. A break below the long-term trendline would signal an exit point. 5% downside potential.
Broadening formation, sometimes known as a bullish megaphone. Price action testing the top bollinger band. Oversold indicators with Stoch RSI conveying an increase in momentum. Tight stops at 3.10%. A break below the megaphone would indicate a retest of the longer-term trendline.
EA has followed relatively the same path as many software and tech companies since the run up from March forming an ascending channel. Currently, the price action is testing the support of it's trend, if the support is able to hold and the channel confirms a continuation, the most likely price path is A. However, if support is unable to hold and the price...
If you've been buying ATVI since my call at the beginning of the year at ~44-48, right now is a good time to add on to the position. They beat across the board on their earnings call, and the stock reacted negatively. It reached ~87.50 before bouncing off the trendline and reversing at ~79. Daily technicals show us an oversold Stochastic RSI, Volatility and...
From a technical perspective, Tesla has room to run. On the daily chart, we see a clear bullflag pattern is emerging. The stochastic RSI is ticking up above 20, volatility is below 50, and the bullish cloud continues to expand indicating a continued uptrend and strong support. The 1 and 4 hour timeframes are overbought. However, there are divergences forming...
Bull flag, higher lows, upcoming earnings, oversold stochastic RSI. 15% upside / 3% downside
The overall cryptocurrency market has been pulling back and the global market cap is down to $180B. Dominance has moved up to 67.64%. The price of Bitcoin fell to a low of 6430 before rapidly bouncing to its current level around 6800. On the daily chart, we can see the price action failed to break above both resistance tests from it's prior rally up from these...
The global market cap dropped to a low of $200B yesterday, but has since recovered and is up to $230B. Dominance dropped as low as 65.6%, and has followed the price action up to 66.71%. The price of Bitcoin is testing support at 8,500. ~Weekly~ On the weekly charts, we can see that over the past two weeks, the dip into the support zone caused immediate buying...
Over the past week, the market cap dropped to a low of $212B, and over the past 24 hours has risen up to $222B. Dominance has continued to shrink and is at 66.65% down from 68%. The price of Bitcoin hit a low of 7,701 before rebounding to a high of 8,310. Currently, the price is at 8,250 **4-Hour Chart For Discord** On the 4-hour chart, we can see the price...