Get started

Divergence

FRONTLINE PLC Long - Dollar Cost AverageThis is an analysis of Frontline PLC - a Norwegian oil transportation company, the following is strictly my own personal opinion and does not constitute financial advice. Key numbers: Dividend yield expected 2024 - 17% P/B - 2.03 P/E - 5.41 Market cap 47 178 MNOK (4.5 BUSD) Analyst estimates: Analyst estimate average for FRO is 267.5 NOK which is equivalent to a 32.3% increase from todays price. Key information: FRO has had a significant increase in price the past 6 months, and analysts estimate an increase in both dividends and growth for the company in the coming years. Technical analysis: FRO made a bullish divergence on the 195-200 support level recently, after a significant sell off the past few weeks the stock did not even drop as a result of dividends being paid out to stock holders, and I see this as a sign of the stock being about to reverse the downwards trend and begin to move back towards my price target of 260-280. Strategy: I am currently in possession of FRO shares with a GAV of 150 NOK/Share as well as increasing my position on friday for 200 NOK/Share. I am looking to hold these shares until price reaches 260-300 NOK/Share depending on coming events. If the price keeps moving down, I will look to hold my position until the stock reaches my price target regardless, as the dividend payout is significant. This might change if significantly bearish news arise, but I do not see that as a high probability at this moment. If price reaches my profit target, I will again look at analyst estimates and given there is no change I will exit my position for a significant gain. If analyst estimates increase I will either close part of my position or hold it until bearish divergence on the 4H timeframes.
OSL:FROLong
by DonBboy
2
USDCHF bullish move possibilityPrice is currently testing the lower boundary of a daily bearish channel, the 78.6% FIB retracement level, and a long-term support area as well as bullish divergence between price and stochastic momentum oscillator in daily timeframe. This supportive cluster could potentially lead to the formation of a low around this price level. On the other hand, the bearish move in price appears to be a corrective bearish ABC move, correcting approximately 61.8% to 78.6% from the previous bullish move. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
2
Seizing Opportunity: GBPJPY Unveils Bearish Momentum on 4H ChartThe GBPJPY currency pair is currently exhibiting a discernible bearish flag pattern on the 4-hour time frame. Noteworthy in this context is the presence of a bearish divergence, adding an additional layer of significance to the technical analysis. Consequently, our strategy entails initiating a trade position upon the confirmed breakout of the bearish flag, anticipating a downward trajectory in line with the established bearish momentum.
Short
by miansarimhameed
Inverted Head & Shoulders - UCHFHere we have USD/CHF on the 30 Min Chart! It looks to be outlining a potential Inverted Head and Shoulders Pattern upcoming!! The First Low or "Shoulder" @ .86792 followed by the Lower Low or "Head @ .86662 with price moving back up to the Confirmation of Pattern or "Neckline" @ .86973 makes me believe we will get a BREAK of Confirmation @ the 3rd touch of the Neckline with price continuing HIGHER! The RSI indicator is also throwing out a Slight Divergence, strengthening Bullish Bias on this possibly imminent Reversal Pattern! Fundamentally this week: USD - JOLTS (Tues) Non-Farm Payroll (Wed) Unemployment Claims (Thur) Non-Farm and Unemployment (Fri) CHF - CPI (Mon) Currency Reserve (Thur) **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!! -Pattern Prediction- *If Price Breaks and Closes below .86792, Pattern INVALIDATED! *If Price Breaks and Closes above .86973, Price Action will initiate my Trade Action Plan!
Long
by Novi_Fibonacci
#AUDJPY potential turnaroundHello dear traders and friends. Let's take a look at the AUDJPY chart and explore the potential bullish move that could happen from around here. As observed in the 4-hour timeframe chart, the overall direction of the price is bullish , characterized by higher highs (HH) and higher lows (HL). The price respects a bullish trendline acting as support, with clear bullish bounces occurring each time the price reaches or gets close to this line. Simultaneously, in the 1-hour timeframe chart, the price is forming a double bottom , corresponding with a bullish divergence between price and the momentum (Stoch) oscillator. The crucial aspect of these two confluences is that they are occurring in an important supportive area, namely the static support area and the bullish trendline, which adds to the possibility of the divergence working out. From a candlestick perspective, we also observe the formation of a bullish engulfing candle in the 1-hour timeframe, which can be interpreted as a morning star if combined with two previous candles. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
9
#USDCNY long term selling opportunityPrice in Daily timeframe seems like to complete 5 wave bullish move and also we can see bearish standard divergence between price and MACD which is a very good signal for pinpointing the top. But the important thing to remember before taking position is to see market structure shifting to the downside with forming a lower high or creating a new low which at the moment non of this signals has been given by the price. So its best to wait for the price to confirm the bearish signals its giving to us before jumping to trade. Please also look at the other analysis in the weekly timeframe that I have posted for higher time frame confirmations which is also tagged.
Short
by mohemati
1
#USDCNY long term selling opportunityAs you can see in the chart massive bearish divergence between price and MACD indicator in weekly time frame which can cause a long term selling opportunity. Also price is testing bullish trend line acting as resistance since its connecting the tops and every time price test this trendline sellers jumped into market and drive price lower. Also as you can see we already had bearish divergence in the price before and caused prices to come lower in previous tops
Short
by mohemati
Software for finance $PAYPaymentus Holdings provides a cloud-based platform for electronic billings like utilities, taxes, insurance and others. The bullish divergence with the ROC was signaling a change of character for the stock. Now is forming a second base withing its confirmed uptrend; my favorite setup, and the risk/reward looks good. I'll use this week's gap up has support zone to place my stop and my target profit is near the lext resistence level at $22.50, that's a 30% move. The financial sector AMEX:XLF , is the 4th best sector this month and technology AMEX:XLK is the 1st. Paymentus Holdings earns the No. 2 rank among its peers in the Finance-Card/Payment Processing industry group. dLocal NASDAQ:DLO is the No. 1-ranked stock within the group.
NYSE:PAYLong
by dpuleo19