ATZ breaking of daily timeframe trend line with bearish RSI divergence and increasing MACD histogram level.
Momentum to the downside will likely to drive price lower to $43 area (10% downside) and if that breaks next target around $36. If rebound from $43 then look to long again.
Fundamentals remain strong, but requires confirmation of ability to sail through...
Breaking out from previous resistance today with a full solid candle, though volume is close to average
opportunity to initiate breakout trade, target in the picture
Previously similar breakout signals potential average upside around 15-25%. Stop limit one atm below.
Not investment advice, please seek professionals for investment advice
Have fun!
GOOS recent price movement tells us buyers are in control as we are hammering into the $40 resistance level with ascending triangle pattern, MACD seems to be relatively silent for a while and RSI in positive range; earnings tomorrow and let's see the market's reaction.
If GOOS breakout from $40 with solid volume, I consider going long according to the chart.
Not...
Wait for it, we are seeing strong pull back to 0.618 level, if pull back to 0.5 level there might be a chance to go long
RSI is signaling a good potential buy area, according to the historical comparison. let's see, let's see
Be aware this is not investment advice, for personal use only
Fundamental & Chart
Not for investment advice, personal notes only
Chart:
identified key area of support, concerning current H&S pattern, potential downside to next support indicate 17% drop. CMF shows weakness, spending a lot of times in the negatives.
So far trend line remains intact, neckline of H&S shows no particular bearish...
See my last post, similar if not same pattern! if you are long, EMA 50 has always been a good entry for you!
fundamental is brilliant due to the new superstore locations and huge amount of capital raised to expand this business rapidly~
Not investment advice, stay safe!
Looking back to July, the falling wedge bullish pattern was confirmed where we see a rebound near the previous July and May low, keep in mind: Support 0 level IDENTIFIED (as in lowest rectangle area)
When MRNA Breaks previous MAY&JULY high in December/Novemeber, strong volume indicates buyers are in control,
Keep in mind: Support 1 level IDENTIFIED
Buyers took...
See graph for more detail, PLNHF Ascending triangle breakout complete!
For personal use only, not investment/trading adivse
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OTC:PLNHF
Today it seems like moderna breakout from bull flag, but a relatively mediocre volume and slight rejection of the higher price does not indicates much of an impulsive upward due to vaccine-hysteria.
Enter the trade? Maybe I would only consider a short-term play, but without insider information on vaccine progress/news boost, I advise you to be cautious.
PS: Please...
Previously broke out from inverted h&s, now testing overhead resistance of 300, double-bottom, need strong upward momentum to justify solid breakout, eyes on the trade. Fundamentally company still has potential growth, earnings remain strong, cloud business will be next winner
Please get professional advise, this is for personal use only
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Previously bullish flag successful breakout and run up, business remains vigorous and nothing has change negatively in the fundamentals. Right now in a descending triangle after run-up, possible good entry point around the support level of 2.92-3.00 (historical), fundamentals actually improved due to new license and shop gets approval for reopening.
For...
JPM remains in uptrend channel after march sell-off recovery, if you like banks or wants to get dividends it might be a good choice.
Support area around $95, resistance around $100, a solid week above $100 or going above MA 200 is considered positive sign.
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Sharing Historical Analysis, personal use only, not advice for investing(please seek professional advice)
Please share your thoughts regarding the fundamentals/technicals
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