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100dma

NASDAQ 35,000! But not yet, 1st bounce to 100DMA around electionGot some lines and what not there, all tasty stuff right. Checking around various time frames, got various gaps to retest and fill and what not. Got the overbearing original trend from last 10 years or so in heavy green dashed channel. That overbearing big trend, which we broke out of, conveniently going to line up with the 100DMA, along with a support line from some previous gaps to be filled, indicated by that triangle there, should happen around election time, CONVENIENTLY naturally lol. First we gotta play out the mini downtrend which we're in now, find support (gap line), and check out ~50% retracement of previous mini bull trend, conveniently at a gap line also, as indicated by the text on the chart there. Then probably test that overbearing big 10 year trend in thick dashed green into the rectangle zone, gotta bounce around a bit (as things play out will have more indication of what this will look like), and then retest the big 10 year trend again into our rectangle on the big trend/gap/100DMA convenient as always. Then we'll be pushing for our next leg up for newer highs before some retracement. And then on to NASDAQ 35,000! ;-) #NASDAQ35000Hat
NASDAQ:QQQ
by TraderCaps
2
BTC USD heading for at least 2250 USD?Mega Cup and Handle formation could be indicating a big move to at least 2250 USD (with a few bumps in the road along the way). Plenty of FOMO news articles surfacing in the mainstream. Segwit as well. Previous cup and handle projections extended further than the forecasted magnitude, however the target zone ended up as future support once the correction started. 100 day moving average reached new highs a couple months back. RSI has room to run, especially when compared to the relative strength of the previous moves, relatively speaking!
BITFINEX:BTCUSDLong
by FOMONOMO
NVIDIA Could Be In For Major DropOn April 28, 2017, NVIDIA stock crossed below its 100 day moving average (DMA). Historically this has occurred 106 times and the stock drops a minimum of 0.327%. The median drop is 6.170% and maximum drop is 44.146% over the next 12 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 54.3666. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock has been moving down since reaching its high around February 7, 2017. The true strength index (TSI) is currently -7.3622. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading also declares the stock has been moving down since reaching its high around February 7, 2017. The positive vortex indicator (VI) is at 1.0986 and the negative is at 0.8457. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock has been up over the recent two weeks, but has begun moving down. The stochastic oscillator K value is 90.1054 and D value is 91.7037. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is overbought and will move down. This stock has flirted with the 100 DMA for the past four days. It crossed above on day Tuesday, below on Wednesday, above and Thursday, with the final close below on Friday. Although this pattern has never occurred exactly, similar instances occurred in November 2000, February 2001, August 2001, February 2002, February 2007, December 2007, May 2011, October 2012. The final cross down lead to a 44.146%, 19.294%, 37.098%, 19.964%, 14.52%, 32.122%, 5.986%, 10.038% respective drop over the following 12 trading days. These drops all seem drastic but could be a signal of chaos for the NVDA stock. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop another 4.05% if not more over the next 12 trading days. Based on the similar historical flirtations with the 100 DMA, Stochastic, RSI, and TSI, the drop could be much more than the projected 4.05%. FUNDAMENTAL TAKE: Earnings for NVIDIA will occur in this timeframe. The estimated EPS is much lower than it has been which could also signal downward movement in the longer term. This stock is incredibly overpriced in comparison to similar stocks in this sector.
NASDAQ:NVDAShort
by StockSignaler