trying to reclaim 200 day MA along with $1941 key area of previous support and more recently, resistance on the daily chart. Geopolitical uncertainty and conflict making investors seek safer assets. I can see a retest of 2000 level before end of year.
Yesterday's choppiness & market direction indecision in the tech sector can be summarized by this DOJI candle on the APPLE daily chart formed off the 200 day MA and closed just above the 21 EMA. Possible reversal to retest and break $150: LONG. Level of support of 146.75 area, break below: SHORT
Bull Pennant Flag Pattern forming on the hourly chart with MACD cross; supported along with an incoming golden cross on the daily chart. See previous post for $IWM daily chart analysis.
Got a nice hammer candle that tested 50 day MA before bouncing back up to the upside after opening bell sell off. Holding 21 day EMA as support with 50 day as secondary. Hourly chart also holding MAs as support trendlines. LONG IDEA
Potential Golden Cross incoming which can provide some drastic movement to the upside. Golden Cross is when 50 day (blue) MA crosses over 200 day MA (orange) for any new traders. Higher probability when using higher time frames like the daily, weekly or monthly chart. The higher the time frame, the stronger the signal IMO
Double bottom on the daily chart. Recent cross over the 200 day MA, potential reversal. Cup & Handle forming. MACD Crossover. Small caps took the worst beating in 2022. 2023 rebound?
Bull Flag Pattern forming. Resistance levels 41c, 44c, 47c. Looking to hold 38c support. Short squeeze potential to 60c. Small cap EVs heavily shorted in 2022.
3 times AMD has tested & crossed the 50 day moving avg in 2022, price has rejected and retraced to lower levels. We have now crossed over 50 day again for a 4th time. Bullish or bearish?
$DOGE coin is forming a cup and handle bullish pattern on 15 min chart while holding moving avg as support around .1010
10 cent crucial psychological level where bulls and bears are fighting for control. Feelling bullish in short term if we hold 10c.
textbook trendline breakout on the 15 minute into the close today. Trendline from HOD down to the retracement levels. Next resistance 22-23c area, then 25, (FOMO kicks in) then psychological round # (30)
