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200sma

Blackrock at key supportAs you can see, the price has respected the 200sma (blue) since the break from Covid lows. Risk-reward-ratio presented is interesting as you will figure out if you are right or wrong pretty quickly; especially since the Bollinger bands have been contracting as we have consolidated. Trade setup: Target around $1000 for profit-exit. Loss-protection exit 1-2% under the 200sma. Fundamental Analysis ' - The $TNX (interest rates) has broken out which is positive for financial institutions. - There is a cyclical tilt to the market as high valuation companies in the technology sector are hit hard. * Note: Earnings are starting at the end of next week for the financial sector.
NYSE:BLKLong
by dorfmanmaster
GHX begining of a nice friendship?After 125% run-up, this nice mover formed ascending triangle. The next big resistance (former support) is 70% up from here, so it could be worth watching this one. It's not unusual these days to see break down from it, a retest of one of lower support levels, and then shoot up from it. So keep watching this one even if it breaks down, could be just temporary. That's 200sma is not so far down, so it shouldn't go down much... Good luck traders
by PhilosophersStone
1
1INCH ascending triangle1INCH in ascending triangle. SRSI looks bullish on 1hr chart. Printed golden cross. MACD could do it also in a few hrs. Volume decreasing, indicating that the next move is soon... We could see a possible retest of 200sma, but do not have to. The upper resistance level at 3,28 was few times the rejection zone, so be careful when the price reaches it, could do a pullback or retest of the lower one... If so, scalpers could open short scalp trade. Good luck traders
by PhilosophersStone
1
BLZ big resistance overheadBLZ got multiple resistance levels overhead, resistance trendline started in March, and looks like that price respects it (one bounce down since established), 200sma daily, and 0,28 level that was support and now acting as resistance. Now in this "small" falling wedge (bullish figure). SRSI is on the top and we have a chance to move down, retest 20sma, or that support found at 0.1855. If BLZ breakout above these resistance levels we could see a big move up so it's worth setting alarms for this one. Good luck traders
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by PhilosophersStone
1
Gala bullishLooks like forming a falling wedge now. SRSI and RSI looks bullish on 1 and 2hr, MACD could turn up on 1hr, on 2hr still bearish looking, I was expecting that it will retest 200sma at least, on a bigger timeframe not so bullish, so this could be a short pull-back move only (scalp trade). Maybe just bearish retest of this WHITE trendline that used to be support, and now we broke down from it so it should act as resistance now. So if entering long, watch breakout level (yellow line) 20sma (blue line), resistance trendline of that new falling wedge, and that white trendline... All of them you should look at as resistance now. That is really a LOT of RESISTANCE LEVELS stacked near each other, so be careful... Good luck traders
by PhilosophersStone
1
DOGE barkinglooks like it wants to break that resistance trendline starting in May, significant level .2624 is above head and 200sma also on that level, making this crucial point to get above for any chance to get more upside action. Between 200 and 20 is mostly crazy behavior for the price action, bouncing up and down few times before direction is decided. MACD is bullish, but SRSI is high and we could see some pullback. RSI could use a bounce from 50 level, if going further down we have more chance to visit 20sma before try to take over 200sma. If that 50 don't act as support, we could even see a retest of support at .1983. Before this is decided, I recommend only short-term plays with DOGE... Good luck traders
by PhilosophersStone