If break below $60, bull have to be caution.
Uber has broke our first resistance trend line. If it able to break above second resistance $38 resistance line, we will see bull trend intact.
Looking to long China A50. If break the support, this bull flag turn invalid.
Based on last Friday closing price, we can see that Nasdaq is more bearish comparing to DJI & S&P 500. Will see next support level at 10800.
Looking at bigger picture. Based on 4hr chart, it need a stronger reason to breakout both S/R line and parallel channel . Shared this yesterday. However due to some reason, the ideal was hidden. Re-share again.
Showing Bull Flag Pattern on China A50. Interesting to long at this point. China's economic recovery was gaining momentum with pent-up demand, fiscal stimulus and surprisingly resilient exports boosting sentiment across the region.
Based on TA, descending triangle should formed in a downtrend. STI hit the TA theory exactly.
DJI will be different comparing to SPX500 & NASDAQ. It might not break new high before Covid-19 period.
Looking to Long once it successfully breakout from the triangle. Trade with the trend.
Based on Fibo Extension, S&P going to break all time high at 3400 and going to 3500 next. Once it hit 3500 crucial area, Im looking to short later.
Looking to long Walmart once it breakout all time high. Walmart raised dividend 2% during this pandemic signal strong fundamental balance sheet.
Based on TA charting, simply follow the trend to enter a long position. Good risk-reward. Trade Safe.
Lyft is still on major downtrend. IF you are keen, you may wait for a pullback to short this counter. I have draw 2 channel (blue major downtrend & Red temporary uptrend). If the price breakthrough blue channel, downtrend will be invalid. therefore SL can set anything above the blue channel. Short @ $38 SL @ $44 TP @ Ride with the trend