JKS did very well today. We broke the descending triangle and developed a W formation on our current support. Good possibility to go LONG!
Wedges are similar to triangles in that these patterns are formed between converging support and resistance lines. The support and resistance lines of a wedge would both have either a positive or negative slope. If we see a clear break through the (upper) line marked in the chart, we can assume a reversal upwards! But right now we are still in a downtrend!
An ascending triangle has a horizontal resistance line and usually occurs as a continuation of a bullish trend. Don't enter now. Overall trend is still downwards!
A triangle is formed between converging support and resistance lines. A negative sloping resistance line indicates a reducing level of profit taking or more uncertainty about the value of the stock. Once the support or resistance line is broken, pressure that has built up as a result of uncertainty is released and a certain amount of momentum is added to the price...
Update on BNGO: The second stroke was completed today. With that, all the unbelieving and unsuspecting should now have been flushed out. The first low at around $ 6 check👍 The second low at around $ 7 check 👍 Now it remains to be seen whether it is a normal correction in the downward trend or whether we will see a break. The H1 candle yesterday at the opening RED...
- Good long term play - I would like to see it crossing 21 sma
Fcel has also made a heavy loss in the last few weeks. We are currently in a support zone where a W formation could build up soon. Nevertheless, I am still neutral and would be careful with a purchase right now. I'm still missing a green one in the daily chart.
AGTC could develop a V reversal and start another approach to the old resistance. The downward channel could be broken if we cross the 200 EMA. It remains to be seen how the market will behave.
Idex is still in a downward channel. There is strong support in the area marked in green. A confirmation on this support is important now. I expect a trend reversal when we approach 21 sma and exit the downward channel. Otherwise we could test more lows.
The second scenario occurred. We broke through the green support zone. From there we saw a recovery movement upwards. The aim is to win the green zone again as a support through a lot of purchasing power. Everything below this range is bearish. Then we see more lows.
Update on BNGO: The second stroke was completed today. With that, all the unbelieving and unsuspecting should now have been flushed out. The first low at around $ 6 check👍 The second low at around $ 7 check 👍 Now it remains to be seen whether it is a normal correction in the downward trend or whether we will see a break. The H1 candle yesterday at the opening RED...
Short update on BNGO: Short update on BNGO. Our support at 8.49 was broken. So then back to $ 7. We still closed the GAP at $ 6.98. The $ 7 now serves as a strong support. This one was reinforced by buyers. The way up to 9$ should be free right now. From there we aim for 10 $ again.
We are still in the support area. Today we tested the lower end. Buy zone? For me an absolute YES! Nevertheless, we should keep an eye on the market. Be careful:)
1. We will soon see a run up against the resistance shown in the chart. A breakthrough could then create a new ATH! 2. We form a HEAD & SOULDERS formation. What's this? A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and...
Here too a few days ago I saw a formation that indicated a breakout to the top. The H1 candle on March 9th gave me the first sign that the downtrend should be over. From there we saw a strong push up towards resistance at $ 10.20. From there, a backward bound was in sight and important for the chart. BECAUSE: Old resistance zones (8.47$) are often used again -...
Briefly about the chart: After we reached our ATH, mvis was in a downward channel. Important for you: take a look at the chart before every purchase. Is the share in a downtrend? Then don't buy into the falling knife! So, let's continue with MVIS: The downtrend was recently broken. On the chart you can see a BULL FLAG. MVIS has tried the breakout again &...
Good entry right now - PLTR STOCK with a good future