A short term support and resistance zone has been identified. Similarly, a consolidation trend has been identified within this range hence the potential for a profit in the short term. The consolidation is expected to break for those expecting to go long, after the announce about the NASA collaboration. Additionally, no visible bullish divergence signals on the...
NIO inc is one of the promising Chinese Electric car companies which has been undergoing great progress recently After it broke through the 7 price level, a new resistance level formed. Previously, the trend has shown us that a breakout in this stock has come to be followed by a slight retracement before the next breakout. This offers a perfect buy opportunity...
Deutsche Lufthansa AG, commonly known as Lufthansa, is the largest German airline which, when combined with its subsidiaries, is the second largest airline in Europe in terms of passengers carried. With the support it received to rescue it during this pandemic, it should be expected that it will definitely survive the pandemic According to the current trend of...
The NCLH Chart looks to follow a similar trend as to that of airlines such as UAL, suggesting they are probably reacting in a similar manner (Technically) during this crisis, as seen from superimposing the two. A gap up has occurred today which could signify the potential of a bull rally today, yielding a good sell opportunity as we await the next dip. The RSI is...
For those looking to go short on UAL, I have identified the following potential bull trend in the short where you may be able to cash out some profit. The RSI is just at 60 suggesting the potential of a bullish rally continuing today and the MACD is divergent too further supporting the potential of a bull rally. TD Sequential also suggests that the trend is yet to...
The following Take profit positions have been generated using the June 10th absolute high, mid level high and low level high, Based on the current fractal analysis, the trend has looked to reverse to bullish in the short. RSI also indicates a trend to the Overbought region above as it is above 0.5. Take profits if looking short. If looking long, take this with a...