I see a huge opportunity here, based on the earnings performance and MSFT reaching a new high of $242 during these times of volatility. The confirmation I would suggest is the following. 1. Fib retracement of 61.8% based on the move from $211 to $243. (245) 2. 21 Ema coming up at $222 as support meeting $245. 3. Strong support levels at $245. 4....
Why subscribe to my post and follow me? I'll only provide excellent opportunities that you have a hedge; this means a reasonable risk and reward ratio I have a BA in finance and a good understanding of microeconomics I have five years in Technical Analysis, I love reading charts and won't provide you with shitty charts or different indicators every time ...
Why subscribe to my post and follow me? I'll only provide excellent opportunities that you have a hedge; this means a reasonable risk and reward ratio I have a BA in finance and a good understanding of microeconomics I have five years in Technical Analysis, I love reading charts and won't provide you with shitty charts or different indicators every time ...
Why subscribe to my post and follow me? I'll only provide excellent opportunities that you have a hedge; this means a good risk and reward ratio I have a BA in finance and a good understanding of microeconomics I have five years in Technical Analysis, I love reading charts and won't provide you with shitty charts or different indicators every time I'll...
Why subscribe to my post and follow me? I'll only provide excellent opportunities that you have a hedge; this means a good risk and reward ratio I have a BA in finance and a good understanding of microeconomics I have five years in Technical Analysis, I love reading charts and won't provide you with shitty charts or different indicators every time I'll...
The QQQ has gained over 50% in the last four months, we expect a strong correction soon. On June 10 - 2020. it had its first new high at $248 with an RSI topping at 75. On June 25 - 2020 . We had a new high topping at $251 with a lower RSI 69.40. July 01 - 2020 . We had a new high of $250 with an RSI of 63. The divergence can be seen when it has touched...
FSLY broke a new high on Friday of around $88. Indicators are showing bearish divergence in the 1 hour time frames, meaning the price has reached a new high, but the relative strength is getting weaker. This also means that there were more sellers than buyers, and the price is being manipulated.
SPOT has reached oversold conditions at 76.65 RSI on new highs. It has massive gains in the last two days of 21%. I will call for a correction. If you bearish the follow Targets are 38.2% correction at $217.48. (5.57%) Second Target $210.09 with 50% retracement with or (-9.48%) correction Last Target $202.12 with a 61.8% retracement and (-12.48%)...
1. Looking at the RSI, it shows oversold conditions at 44, we need to take into account that it needs to tests 50-60 RSI to understand the forward pattern before it can reach 30 RSI or 70 RSI. We call this a dead cat bounce if bearish. Based on the current situation, the idea is to wait until 50 RSI and do a Strangle in options. 2. It's testing the 50 moving...
LLY will just bearish in the short term, while it fills the gap near $140. 1. Our first confirmation is that the 21 moving average is very far away from the current price at $160. We can see a sharp pull back from the resistance level at $160. 2. The fib retracement has reached 1.161%, which is a massive gain for bulls forcing them to take profits. 3. LLY...
SE is highly oversold and has gained over 200% the three months. Looking at RSI in the weekly chart, we see that the RSI has reached 84. This is the highest level it has achieved since its IPO. Our second confirmation on oversold levels is that it is very far away from our 21 days moving average at $63.44. It has to at least bounce off the 21 EMA to reach...
The current price of this stock is $56.22; this level is a huge support level if you take a look back to 2014, 2017, 2019. The chances for a huge bounce are very likely. I was looking at the daily chart it has reached oversold conditions of 25.49, with today closing showing a bullish pin bar. The price has dropped from $65 to $55 since the start of June. ...
Walmart has reached a great support level at $117, and it might bounce for a small profit in the short run. 1. First confirmation and the strongest of possible bounce is the 200-EMA at $117. Long term investors and big money relay on this moving average since its more reliable than others. 2. We have reached an RSI of 30 in the daily and in the 4h Hour - at...
Hello Everyone, I'm new here but I will provide you with the best context for everyone without bias. Apple has to reach oversold conditions in the daily chart at 81 RSI; it has a solid pattern since many investors love apple due to their return in equity and cash flow statement year after year. The stock has become oversold recently; this doesn't mean that it...