dorfmanmaster

dorfmanmaster

APPS is breaking out of its parallel channel; with a 10% move; while the technology keeps going down. I have not seen any news that could create this move today. Intraday volume has been above average by 70%. (tool being patented by Schwab) RSI is oversold, but as we saw earlier, APPS doesn't mind reaching 90 level. Looking for a strong close today to...

dorfmanmaster

After a long period of consolidation, energy broke-down of the parallel channel. Using Fibonacci retracement tools, we retraced from the 61.8% level, also known as the Golden Ratio. It is currently trying to break its 10sma resistance (on average intraday volume - which is not great) I would want to see a close above the 50% retracement level to feel more...

dorfmanmaster

Technical 20sma is being supportive, but it is recommended to keep your stops somewhat below the average. A close below $190 would be a bearish warning. The broad market has been taking a downturn over the past week. The Transportation industry has been consolidating, showing relative strength over the rest of the market. Fundamental While the white house...

dorfmanmaster

20sma has been supportive since mid-april, today is a great opportunity for an entry at the current level. Risk-Reward-Ratio is fantastic if you place a stop-loss-limit below the 20sma. We are also seeing past resistance from early August, which is now coinciding with current support level. RSI has not broken 50 since then. OBV has been up-trending since....

dorfmanmaster

We are seeing confluence of support around $120 approximately. Test 1: February high Test 2: Bottom of gap Test 3: 200sma Risk Reward ratio is great, as we can set a stop below the 200sma. RSI is still not oversold on such a drastic down movement.

dorfmanmaster

The are multiple technicals showing support at the current level. 1. 50sma hasn't been broken since early april. (orange trend-line) 2. has seen reversals at the lower end of the trend (blue line) 3. we are above, and holding the previous resistance from early July (red-dotted-horizontal-line) 4. Drawing a Fibonacci retracement from: All-time-high to 100sma, we...

dorfmanmaster

The cross is using the 20 and 50 exponential moving average . Every time the shorter exponential moving average crosses the longer one, this indicates a bearish signal. You can see the times this has worked in the past, in the same chart.

dorfmanmaster

Technicals IHI is breaking out of a parallel channel with an RSI(14) = 69. A measured move to continue to a new channel, would take us to to $322 approximately. A close below $285 would negate the current up-trend. News ABT has come out with a COVID-19 test kit, which reveals the result in 15 minutes; it will cost around $5.

dorfmanmaster

Since april, we have traded in an upward channel, showing buy signals at every bottom. It has also shown strong pullbacks when we see 1 or 2 closes above the channel. If we reach the 20sma, the trend would still not be broken, and could prove to be a "buy the dip" scenario... A strong close below the 20sma, will most likely take us to the 50sma. P.S: -...

dorfmanmaster

MSFT tested current support 3 times, before breaking out of it today. Getting good risk-reward-ratio. QQQ is getting overextended, but the RSI(14)@65 on MSFT is not in overbought territory yet (which is not an indication of a sell, just something to watch).

dorfmanmaster

Very similar pattern of July 16th with August 17th. Green candle gapped out of top Bollinger Band , and continued to move higher for 2 weeks. Selling my position by friday 28th, and/or if the Low-Bollinger-Band starts to trend higher

dorfmanmaster

As you can see in the chart, we are now testing the 10sma, which is lined-up coincidentally with the previous highs from early june. We could potentially see the industry reach and fill the gap made late february. OBV is supportive of the trend. RSI(14) = 67.8

dorfmanmaster

The markets behavior has proven we love to test new highs, and record prices. Making a calculation, Apple's market cap will reach 2 Trillion dollars around $467. I expect we reach this level to later retreat. P.S: Back-data shows the stock-split momentum stocks are best traded from the announcement, up to the actual split.

dorfmanmaster

Price has not been able to close below the 20ema since early April. It has tested it 4 times; today is the 4th test. Taking into account the measured move from the past times we tested the 20ema, it should take around 7 trading days to get to the sell-target. Happy & successful trading, dorfmaester

dorfmanmaster

Previous resistance on June 8th, now became new support. A close below $23 is a sign of a fail of the short-term bull trend. Next support level is $20.

dorfmanmaster

Since we crossed the 20 exponential moving average, we have tested it many times, to retreat and continue higher. RSI has stayed above 50, showing no sign of strong selling.

dorfmanmaster

Alibaba making an interesting W-formation. Waiting for a break above the double top, or a retracement to the 20sma to go long. OBV and RSI are supportive of the movement, with OBV trending higher than previous peaks, and RSI above 67. Keeping on a watchlist.

dorfmanmaster

Technical analysis Boeing showing support at the trend-line forming since the march lows. A close below $152 is a break of the lower highs trend Sentiment, technicals, and fundamental views for Boeing are weak. However: risk-reward-ratio is very attractive Still a global duopoly (Boeing and Airbus) Heavy support from the government to help it...