Upside Momentum Slowing on the Monthly Chart Despite the yellow metal working with a clear uptrend and shaking hands with fresh record highs, momentum to the upside has noticeably decelerated. This can be observed through price action and the Relative Strength Index (RSI) on the monthly scale, which tests overbought conditions and exhibits the possibility of...
NASDAQ:NVDA Before & After charts: You were warned! 💥 ✅BOUNCE OFF SUPPORT, INCLUDING 21 EMA 📈 ✅9EMA BREAKOUT & RETEST ✅#NVDA DIPS GET BOUGHT UP WITH BOTH 👐 🎯$132.97 👊 NOT FINANCIAL ADVICE 🖖
GE is now priced at 5% below its recent ATH. The daily chart shows it to be on a VWAP breakout over two standard deviations above the mean anchored VWAP originating in 2 and a half years ago. Price has dipped and pulled back to the midline of the Bollinger Bands and buying volatility is fading as can be seen on the indicators. I see this as a safe point to...
Bitcoin on a 30 minute chart fell with reports of the Israeli active retaliatory strikes in the heart of Iran's military and industrial infrastructure in a unilateral action. Iraq has not launched a responsive action as yet. On the chart, price had been stable and sideways in the 64000 range but fell to about 6000 and then recovered to nearly 62,000. I see...
RTX is part of the boom defense sector thriving because of back orders created by the Russian war against Ukraine. No matter good earnings it fell this week because of the defense budget debate in Congress. No matter good intents to rein in the defend spending escalation and spend in other areas such as social and infrastructure, Russia has made the world...
SVXY is the ETF shorting the VIXX ( and UVXY) which pumped hard this past trading session. It goes up when volatility goes down and vice-vera. VIXX is expected to drop after the trama in the market starting at 1PM when the Treasuries auctions were duds with little transactions occurring and the financial data reported in the late morning. SVXY dropped...
Shown on a 15-minute chart, SOFI is seen slowly rising in a parallel channel bounded by a pair of anchored VWAP bands - the first and second deviations above the mean VWAP from anchors back in mid-June. Fundamentally, SOFI has been challenged by another round of student loan forgiveness by our President as well as the instability in the prime rates ongoing....
I think that the dip is very buyable. Fundamentally, Russia has made the world more dangerous. Shipments of weapons to Ukraine have depleted US and European stockpiles. NATO is in a growth mode as proposed by former president Trump some years ago. While many would like less defense spending and shift it into social spending or infrastructure or clean...
COIN is in a bit of a controversy with the SEC and potential regulatory charges. On the 4H chart it had a big plunge from the high market valuation it received over the month since favorable earnings. It has reversed after a few days of Doji candles showing market indecision. The MACD indicator shows upwards K/D lines having crossed under the histogram on the...
On this Weeklty SPY ETF chart (SP500 Proxy), we see the upper trendline on the bear trend (yes i made it green sorry) is being tested and spiking it again. This has repeatedly resulted in a rejection. CPI came in sorta inline which gave a little boost this week, but bank earnings disappointed when you look in the line items of the reports. This is an inflection...
Solana is a good project but suffers from many technical issues. Plus, the known issues with FTX. The sub-$20 target I set in June has been reached, so the next one is below $5.00. I'll invest in SOL only if they solve all the problems.
we broke our support around the 4.26$ , now is our resistant , if we still trading below it, and below our desnding line, we will seee the shorth drive the price untill around the next support above the 3.50$+, and the only level for squeeze is above 5.81$+, we need to break it for us to go over the 10$.
Hecla Mining Company Short Term - We look to Buy at 3.87 (stop at 3.42) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous resistance at 3.90 now becomes support. Dip buying offers good risk/reward. Further upside is expected. Our profit targets will be 4.85 and 5.00 Resistance: 4.90 / 7.50 /...
EURNZD Intraday - We look to Buy at 1.6832 (stop at 1.6798) Price action has broken from the previous formation. There is no clear indication that the upward move is coming to an end. We look to buy dips. 20 4hour EMA is at 1.6830. We are trading at overbought extremes. Our profit targets will be 1.6926 and 1.6946 Resistance: 1.6920 / 1.6950 /...
Sonos Inc Short Term - We look to Buy at 15.55 (stop at 14.55) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. Support is located at 15.50 and should stem dips to this area. Dip buying offers good risk/reward. Although the...
Abbott Labratories Short Term - We look to Buy at 105.03 (stop at 102.52) Buying pressure has confirmed an initial rejection from the approach towards the key psychological level of 101.21. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected...
broken down today finally buy the dip starts in silver from 17.50 my yesterday published idea for silver just have a look happy trading only if it was this easy
EUR/SEK Intraday - We look to Buy at 10.5061 (stop at 10.4794) Preferred trade is to buy on dips. Prices have continued the bullish move higher and resulted in 5 consecutive positive days. There is scope for mild selling at the open but losses should be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back...