The $MMM monthly chart seems to be showing a few signs of consolidation on the 1M chart, with the RSI pointing to a potentially large upwards thrust soon: On top of that, we have further signs of consolidation on the weekly chart, hitting almost the same bottom twice, with decreasing volume since one of the largest volume candles in the past 5+ years (on the...
$FDX has had a harsh year: -From ATH of 274.66 in Jan 2018 -To a short term low of 137.78 in Oct 2019 As you can see, on the monthly chart, we have now touched the (almost) 11-year trend line from 2009: Transports have been getting the worse end of the stick for a while, and it is right around the holidays - when a lot of shipping happens. I...
$BA has overshot almost every conceivable range in the past few years. Lately, due to time constraints, I have been trying to scope out longer time frame opportunities. So, I'm trying to train myself to start large, zoom in, make assessments, and then be patient for the right opportunity. Starting from a 1M chart, here is what I see: The previous expanding...
I have been watching $NFLX for a while now, looking for some consolidation on the daily chart around the major trend line below. It seems we have been having a consolidation pattern for a while now, and are still in this wedge, with a bit more room to the downside to go it looks like. There is a bullish divergence on the stoch RSI on the daily that...
I have been watching $V for a while now, along with $MA and some other major credit card companies. In particular, $V is interesting to me because of its clear pattern in volume on the 1M chart: On top of that, it is approaching this bear divergence line on the RSI: While it is not there yet, the weekly is showing some signs on the RSI that a dive...
I have been watching this stock for a while now, and have started to notice some serious bearish signals on long time frames --> 1D - 1M. 1) Above, you can see a MASSIVE bearish divergence on the monthly chart, while we are extended, coinciding with this market cycle. THe volume has also been dramatically low. 2) Above you can see that we are now about...