Two resistances have been hit, we will potentially go lower
Do you notice any similarities. Summer of 2022 might be remembered
Very good opportunity to buy ESD. Although there are some issues with the coupon mechanism, the team is working hard on the V2 update. Notice the inverted head and shoulders that is forming right now.
Stellar seems to be fallen out of a channel but I think its going to go back into it as it is currently in a descending wedge
Get out of the ETH, long squeeze incoming, please comment
BAT seems overbought and it seems that we have a head and shoulders pattern in the making
When looked at the log scale we see that this pair is bouncing off a very long trendline plus we can see a bullish divergence on the RSI. Which means we should see an upward movement very soon
Gold is bouncing of a very strong trendline. Good technicals and we also have a good fundamentals as we see huge wipeouts in the equity market such as facebook example. people are panicking and they will look for safe haven in gold. we also have an RSI divergence on 1D chart
We have a bullish divergence on the RSI, if we get some upward momentum I expect that we break out of the descending channel.
There is a potential head and shoulders in the making. If we break the neckline it is good idea to short it.
Gamestop seems to be among the most hated stock out there. It is tanked so low that is unbelievable. However, what is surprising is that the stock is trading far below its book value and it has a PE ratio of 4 which is also unbelievable. The reason was mostly because the company was not run in an optimal way. However, that is about to change. New CEO has just...
Shorts are at the all time high. The only thing that perhaps changes my mind about this is the longs are at significantly high levels as well. However, we can understand this if we take a look at the Longs/Shorts ratio and its showing us bullish divergence on the RSI indicator. Longs are about to increase which can trigger a massive short squeeze. If it works...
The price is probably going to bounce off the trendline. Right now its hurt by the scandal, but overall its a financialy fantastic company.
I think we first bounce slighzly ant then break up from the triangle