BTC looking pretty bullish right now. If fractal patter completes itself, we have at least +20% upside potential. Almost a month left before it happens. Similar bullish divergences emerged on RSI too. Price might test trendline again before breakout. So, buy signal should be after MA200 its crossed.
Despegar.com, Corp., its an online travel company that provides a range of travel and travel-related products through its websites and mobile applications in Latin America. The company operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets; travel packages, hotel rooms, car rentals, bus tickets,...
Since March 15th, BA has been struggling with a two month downtrend after a good 2020 price recuperation. Its clear how the downtrend was loosing volume and strength with the pass of the days. We can observe, a really good bounce on 220-225 price level (Previous key resistance) and a breakout of the midterm downtrend. Still really far from 2018-2019 prices,...
After a massive uptrend ride, GE took a break during the past two months leaving a clear bullish pennant. MACD its looking gorgeous right now. - OPPENING POSITION: 13.5 - STOP LOSS: 12.75 - TAKE PROFIT: If we are thinking on a swing trade, 14.40 (+7.6%) would be a decent profit. But, I believe that its a great position for a long term. Lets check once we...
Good +8% swing trade opportunity. - OPENING POSITION: 24.70 - STOP LOSS: 23.90 (-3.20%) - TAKE PROFIT: 26.75 (+8.74) - R/R: 2.73
Perfectly tidy midterm uptrend since the beginning of July. One-touch on October 30th, and here we go again to test that uptrend strength. But this time, we've got a 0.236 Fibonacci support acting as a safety net. Also, we can observe a rebound on that RSI's oversold lower band (30). This Sunday, Republican and Democratic party leaders announced that a deal...
Perfect uptrend since May. Multiple tests over the past few months. 7 to be exact. Here we are now again. The last session left us with a Doji candlestick pattern just under MA50. This Sunday, Republican and Democratic party leaders announced that a deal had been reached for a new stimulus check. There are enough votes for a majority approval this Monday on...
BARRICK GOLD CORPORATION. Sometimes, price doesn't reveal all the information that the markets might tell. And then, we have to recur to other indicators like volume and hidden divergences. In this case, we can observe that GOLD (company and metal as well too) have suffered a big hit after or in consequence of US Elections. Down almost -23% since November...
MELI BACKGOUNDS MercadoLibre (MELI) is an online e-commerce and payments platform. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The company provides users a platform for buying, selling and paying. Born in 1999 and founded by Marcos Galperin, its the largest ecommerce company in Latin...
Pennant triangle that might aloud the consolidation and continuation of the long term uptrend (purple line). Target 502 USD again. If not, 400 USD its our first support and uptrend line our second. Todays session will be crucial to confirm if this patron is respected or not. MA50 acting as a resistance to break today.
POLITICAL AND MARKET CONTEXT Specialized on silver production that is a basic raw material of photovoltaic solar panels. Renewable energy consumes up to 30% of world silver production. If Trump wins, price of metal might still rising due to his monetary (inflationary) policies. If Biden wins, BHP will be a huge player as a raw material supplier of a...
MA200 Breakout ✓ Long Term downtrend Breakout.✓ Small resistance Breakout. ✓ Little pullback above the new support. Strength approved. ✓ Double supports to set up our stop losses. Just wait one day more until open long position.
$KO - Favorite value stock post COVID. Multi time frame analysis. 1W - Solid bullish tendency. With a 15% average price correction every bullish trend. Tendence line is working as support. Even on smaller and actual time frames. 1D - Lateralizing on zone 43 - 50. Important resistance on 50 USD. Good volume indicating possible accumulation. Weekly trendline...
#PFE - 1H - MACD divergece already descounted? Notable divergence on our 1H MACD. The key question here is that if has been already discounted on the last bullish run from 31 USD to 36 USD? Today we have reach an importan resistance on 37 USD level. If there is not any news about COVID vaccine among these days, we will have a healthy correction of the price...
GE made a huge step last week by breking that short term downtrend. Now it is time to consolidate it´s price above 7.00 USD. If there is not another COVID19 wave around the corner, maybe, we are witnessing the beginning of a strong recovery of this company´s market value.
#SUPV ADR - Testing again 2.70 resistance. Fourth consecutive times in the past two weeks. Even though volume is improving, there is an awful divergence on MACD indicator that threats our break through. Monday´s volumen will be key before open a long position.
#DIS, another mayor US company on its way to recover the field lost on COVID19 crisis. What it is amazing about this chart, is that it is creating a perfect theoretical bearish pennant. On the other side, PE ratio is indicating 40.30. #DISNEY is fundamentally overprice and validates a possible break down of the tendency. MACD and RSI without a clear direction....