T at a very well defined support forming a high volume doji above 33.50 should run and can be a start of upward movement. Bears had a good chance few session back but bulls kept coming in showing that the demand is definitely there. Good R/R with stop loss @ 32.50.
All the indicators, MACD RSI are heating up a little. Wants to pause here. It has broken out above previous high and looking to base here. Fairly good R/R here with a stop below 9.50.
The shortening of thrust is pretty much evident. The candle on the Aug month forms a doji with a greater volume that previous month. Clearly shows very less reward(price didn't move) for a much greater effort (greater volume). A good R/R setup here with a stop below for 12.
Monthly chart definitely looks bullish. We had a downtrend which started in March of 2014. Doji formed right at support of the trendline on low volume showing that selling had exhausted.( Previous high volume bearish candles were probably an absorption taking place) The next candle was also a doji but bullish, since it had better volume confirming a possible up...
Bounced again of the 800Rs support and now looking well for higher prices. MACD about to curl up which is definitely bullish,. Hurdles here at 21 and 50MA once it clears that @840 can move up quickly.
Looks like a handle forming for BBBY, first I will look for the daily trendline to break out for any thoughts on a cup and handle breakout. Very early though.
Sitting handsomely at double support as seen from the trend lines. Tomorrow's action will definitely tell the tale for future price action. If it stays above 56.50 it bodes well for near term any break of 55.75 will definitely see lower prices towards the end of the week. MACD and RSI not hinting anything yet.
Closed on the resistance and almost the low of the day, definitely not a good sign. But in the hindsight can we possibly have a head and shoulder forming here. Next few days would tell how this turns out. Over 31.50 it's a clear break-out. Would be a good risk reward ratio with entry at 29 should it get there. RSI clearly is way oversold. V short term looks like...
Clearly at a well defined support. With a doji today it makes things even more interesting. RSI definitely oversold. If this doesn't hold then gap to fill till 28. A change in trend is certainly a possibility as close as tomorrow.
Very good defined support at 185 and formed a doji on a downtrend at a level very close to the support. MACD with a good one day could curl up and definitely show bullish sign. RSI is still not showing oversold signs but certainly getting closer to it. Any buy here with a stop loss at 184-185 could reap good rewards in a short time if overall market behaves well.
Clear flag formation which is definitely bullish, staying above the previous resistance of 377 and consolidating for quite some time now, which surely has become a support level now. Great support also coming from 20dma which is at 379 right now. MACD can also swirl up with one good day and the chart will become even more bullish. RSI still not way oversold which...
RSI showing positive divergence, also not anywhere near to being oversold. Macd just finished up with a bullish crossover, and can remain like that for few more days as seen in the past. Price action closed above 50DMA with conviction. Rising from a double bottom pattern, which could be confirmed if current level is broken. All the cases giving some insights into...
P has been totally slaughtered lately but could it see a bounce after making 52wk low today, it is a lowest channel of the pennant as they call. RSI showing some bullish divergence. Might see a technical bounce right here.
KNDI in a downtrend channel as depicted in the chart. Immediate long term support @ 10.90 where it could definitely get a bounce since RSI is also showing oversold characteristics @29 right now. If it doesn't bounce and reverse a trend @10.90 or above the certainly could hit the bottom channel of a downtrend @about 8.50 price. I am betting on reversal @10.90...
Very stiff resistance @37.60 and a good support provided by 200dma. Price action should be above the trendline as shown in the graph and could break out above the resistance if we have some volume. Couple of days of consolidation and either side is a possibility. Currently trading at upper channel of Bollinger Bands tells me it should hit lower trendline before...
SUNE, coming from a double top as seen in the graph, which usually bodes for lower prices, current immediate support @19.98 (MACD just had a bearish crossover, RSI as well towards a little overbought level) If this doesn't hold then the next support could be @50dma at about 18.75 level. the volume is decreasing which suggest a reversal at support 1 could...
Support hit on lower trendline couple of days back, Bullish MACD crossover which resulted in taking out 20dma with ease and almost closing above 50dma on the same day. Could see a gap up on monday and look to regain it's ATH of 116 pretty soon.
With a YTD loss of about 31% P is definitely a candidate for Tax Loss Selling. RSI as we've seen in the past could reach at about 30's before reversing. Macd just had a bullish crossover without price action getting bullish. Lower level of Bollinger bands still didn't completely touch the price action. 52weeks low looks like a certainty where it could form a...