AFRM: Gann Fans, AFRM is currently Trading below its 50/20 MA and its 12/26 EMA
the 12 EMA just crossed under the 26
Note the gap fill attempt
Using the Gann, it looks like support can be assumed along the 3/1 upangle and the 2/1 upangle to act as resistance if AFRM is to turn around
By using the 3/1 upangle AFRM may attempt that turnaround.
Assume the 3/1 downangle as resistance for the next 4-6 weeks as well unless broken by the 3/1 upangle
In my opinion, AFRM is finding a bottom soon
If AFRM decides to fill the gap in the next few weeks, I would look to the 8/1 to be support and this would indicate more bearish price action. ( Lower Lows would be set).
Neutral now, will update as time progresses on this one.
I would suggest keeping an eye on the options chain as well, big rolling down of calls and some big BTO purchases came in today as well.
Ticker Side Stirke C/P Date Spread Spot Size Prem OI Volume
AFRM BUY 95 call 2022-02-18 $7.15 - $7.40 $7.65 15,200 $11.6M 381 16.1K Floor
AFRM BUY 105 call 2022-05-20 $7.60 - $8.20 $8.25 13,950 $11.5M 642 15K Floor
Gann Fan
GANN Analysis on BitcoinA Triple Evidence that price is on a local bottom.
- Price has been rejected at Demand Zone.
- Price is receveing support on a Gann Angle
- Price is squared in time as there is been a rejection exactly on a Gann zone ( Blue Vertical line 37.50% )
Hurst Cycles also showing a local bottom
Can't all be a coincidence :)
S&P 500 – The final combat zoneObservations:
1) Trend line from April 2020 till date is respected 4 times in the post corona rally. Present support point of the same is at 4514.
2) 50% Fibonacci retracement level of the last leg (from Oct 4 - Nov 22) is at 4511
3) Gann Fan line 4/1 is intersecting 50% level as at (2) above at 4511.
Conclusion
a) SPX has crucial support zone at 4495-4510 from where some relief rally can be expected. The last hope for Santa rally, if any.
b) If this zone is broken decisively, accelerated pace of downfall can be expected. SP:SPX
TWTUSDTTWT is in a sensitive triangle. If the trend line D1 breaks upwards, the bear force will be reduced to some extent. Otherwise, with the failure of S1 support, S2 support, which intersects with the 1/8 ganfan line, is a good support and finally, the S3, which intersects with the Major trendline, is a strong support.
If you want to buy T, you have to buy it with the accumulation technique in several steps. In case of breaking D1 upwards, one step and after ensuring the upward trend can buy the next steps, otherwise, in two support S2 and S3 can be entered in two stages.
IDX: ANTM FOR NEXT WEEK 06-10 2021STRONG SUPPORT AT 2200
STRONG RESISTANCE AT 2390
I PREFER RED TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: TLKM FOR NEXT WEEK 06-10 DEC 2021WEAK SUPPORT AT 4070
MEDIU RESISTANCE AT 4120
I PREFER GREEN TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: INDF FOR NEXT WEEK 06-10 DEC 2021MEDIUM RESISTANCE AT 6475
WEAK SUPPORT AT 6300
I PREFER YELLOW TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: UNVR FOR NEXT WEEK 06-10 DEC 2021WEAK SUPPORT AT 4220
WEAK SUPPORT AT 4400
I PREFER GREEN TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: BBYB FOR NEXT WEEK 06-10 DEC 2021WEAK SUPPORT AT 2080
MEDIUM RESISTANCE AT 2260
I PREFER YELLOW TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: BRIS FOR NEXT WEEK 06-10 DEC 2021WEAK SUPPORT AT 1850
STRONG RESISTANCE AT 2040
I PREFER YELLOW TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: BBCA FOR NEXT WEEK 06-10 DEC 2021WEAK SUPPORT AT 7375
WEAK RESISTANCE AT 8225
I PREFER GREEN TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: BMRI FOR NEXT WEEK 06-10 DEC 2021WEAK SUPPORT AT 6850
MEDIUM RESISTANCE AT 7175
I PREFER RED TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: BBNI FOR NEXT WEEK 06-10 DEC 2021STRONG RESISTANCE AT 6575
WEAK RESISTANCE AT 6750
I PREFER RED TRADING PLAN
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.