A Life Cross has printed on the above 6 day chart after an explosive 700% rally. A Life cross is often seen as a positive development for fans of moving averages. However a word of caution is advised, moving averages do not inform about the future, they inform you only of what has been. A number of reasons now exist to be bearish on HBAR, they include: 1) Past...
On the above 12 day chart price action has corrected 96% from $9 in early 2021. A number of reasons now exist for a bullish outlook. They include: 1) Price action and RSI resistance breakouts. 2) Support on past resistance, look left. 3) That bull flag forecasts a 4000% move and more to $25 area. Is it possible price action continues downtrend? Sure. Is it...
Price action has corrected over 90% on the above 16 day chart since early 2021. A number of reasons now exist for a bullish outlook. They include: 1) Price action and RSI resistance breakouts. 2) Support on past resistance, look left. 3) That bull flag forecasts a 6000% move and more to $90. Is it possible price action continues downtrend? Sure. Is it...
On the above 15 day chart price action has corrected 99% since late 2021. A number of reasons now exist for a bullish outlook, they include: 1) Price action and RSI resistance breakouts. 2) Confirmation of support on past resistance. 3) For this stock the 6 day Gaussian channel is important (see below). Look left. What was once confirmed resistance is now...
On the above 10 day chart price action has corrected 95% since early 2021. A number of reasons now exist for a bullish outlook, they include: 1) Price action and RSI resistance breakouts. 2) Confirmation of support on past resistance. 3) Short Interest 24.26% - seriously, who are you people? Is it possible price action continues to correct? Sure, sellers love...
On the above 3-day chart Crude oil has enjoyed a massive 400% rally since the buy signal in April 2020. A number of reasons now exist to be bearish, very bearish. This should really be the start of peak inflation for the moment. So why bearish? 1) The ‘great sell’ signal with 90% probability. 2) Double top bearish divergence. RSI prints a lower high on the...
** For the active investor — weeks and months ahead ** On the above 10 day chart price action has corrected 95% from $38 to $1.65 without the aid of stock splits. A number of reasons now exist to enter a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support on past resistance confirms. 3) Regular bullish divergence. Multiple...
** risky, small market cap ** On the above 6 week chart price action has corrected 98% since 2007. A number of reasons now exist for a bullish outlook, they include: 1) Price action and RSI resistance breakouts. 2) Support on past resistance following a 4 year accumulation period. 3) No stock splits since 330. 4) Market resistance sits between 100 and...
On the above 3 month chart price action has rallied 70% since July 2023 for no reason whatsoever on this loss making company. A phone company picks a finance guru to run a business that relies on creativity. What could go wrong? Regardless, short term liabilities are almost 2 fold the assets with net income in loss, -$174m last quarter alone. Before consideration...
** high risk, tiny market cap ** On the above 4 day chart price action has corrected 99% since mid 2023. A number of reasons now exist for a bullish outlook, they include: 1) Price action and RSI resistance breakouts. 2) Support on past resistance since October last. 3) Strong positive divergence. Multiple oscillators print positive divergence with price...
On the above 6 week chart price action has corrected 98% since February 2021. A few reasons now exist for a long interest, they include: 1) Price action and RSI resistance breakouts 2) Price action confirms support on past resistance.See 15 year chart below. 3) Regular bullish divergence. This divergence prints on legacy support / resistance. 4) No share...
On the above 5 day chart price action has corrected over 95% since early 2021. A number of reasons now exist for a bullish outlook, they include: 1) Price action and RSI resistance breakouts. 2) Confirmation of support on past resistance as sellers capitulate with boredom. 3) Resistance not until $6 to $8 area. Is it possible price action continues to correct?...
** long term investment ** On the above 10 day chart price action has corrected 97% since February 2021. A number of reasons now exist to be bullish, they include: 1) Price action and RSI resistance breakouts. Almost 4 years of resistance. 2) Regular positive divergence. Multiple oscillators print positive divergence over a 90 day period. 3) No stock...
** Trigger warning - the following post may cause skin irritation and involuntary expletives ** The entire market is bullish on Ethereum. All of social media is bullish on Ethereum. The Motley Fool is even bullish on Ethereum (Huge red flag!!) “Ethereum looks undervalued relative to its...
** short trade - weeks ahead ** On the above 2 day chart price action has rocketed up 800% in the last 60 days. Now is a good moment to be “short”, why? 1) Price action meets flag forecast. 2) The forecast area is also monthly resistance. 3) Price action is multiple sigmas from the Bollinger Band Mean. Do not forget, 95% of all price action trades around the...
** The months ahead ** On the above 6 day chart price action has corrected over 96% since February 2021. A number of reasons now exist for a bullish outlook, they include: 1) Price action and RSI resistance breakouts. 2) Confirmation of support on past resistance. 3) Regular positive divergence. The divergence prints at a time price action breaks out after 4...
Forecast for 2025 On the above monthly chart price action has rallied an astonishing 140% since the lows of March 2020. A number of reasons now exist for a bearish outlook. Very bearish. They include: 1) Price action and RSI support breakouts. 2) Regular negative divergence. The time length used is the same as the positive divergence. 3) The Cup and Handle...
** Near term forecast, days ahead ** On the above weekly chart price action has corrected 70% since early summer. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support confirmation on past resistance. 3) Cup and Handle pattern confirmation with 100% forecast. Is it possible price...