$NIO is back modestly above all support lines marked on the chart. The most remarkable event here is the reversion of the RSI from its downtrend benchmark band since back in April 2020. However, currently the volume is not heavy enough to confirm an upward fast paced momo so far. Odds are, the price could go slowly up on "silent" volume since weak hands were...
ZS strongly resisting the expected parabolic Eiffel tower pattern, inv. V shape, indeed apparently forming a by-the-book Bull Flag pattern, once price action accompanied by heavy volume to the Up-Side triggers, possible next target price range could swing between 138/140 (2.618 Fibonacci level). GL
After breaking down the Cup & Handle pattern, price is bouncing back very fast, however the stock is battling the strong static resistance at $58/59 level. Volume of the last 2 trading session is noticeably above 10 days simple moving average. Stock needs higher volume or at least sustaining the same volume inflow of the last 2 trading sessions to keep going up at...
As mentioned in previous posts, $5.8 is a key level. The price may start to swing above or below this level within a possible 7-10% range, Eiffel Tower pattern could be another possible pattern as well, however given the traded volume and the news published during the uptrend, Eiffel Tower - if happened - could be interrupted by those who couldn't catch the...
Vertical shooting uptrend, this kind of moves are usually risky, collected premium just in case. 5.6/5.8 is a KEY. GL
Price placing itself within the second bullish channel with a very strong move.
Broke out to the down side of the Cup & Handle pattern, swinging between the Support level of $49.93 and Resistance of $58.79
The price is battling the double resistance in a congestion zone. It will break it eventually on any market catalyst. All fine with the trend as long as the price is swinging within the bullish channel.
The stock has done very good so far, $89 target reached, $95 extension also is reached, bulls keep adding in future dips, this might pull back a bit after today's move! It wouldn't surprise me to see it retesting 89, and less probably 78 too. Congrats!
Funds are trimming their positions taking profits before earnings after such long and solid rally. Question is: if stay-at-home online companies rallied 100%, why those protecting them would not!
Red doji at this area with volume. Bulls are taking partial profit while bears are covering. This level is Crucial.
Waiting till EOD to see, hope it keeps rallying pumped with volume.
Will the ascending congestion boxes be the new pattern? Earnings might pump or dump it!
Once broken up with heavy vol, next range should be 5.22/5.83.