LYC Bullish move above 2020 highLYC broke it's bull flag patter at end of July and is now set to break it's 2020 high and then the chase is on for the 52 week high ($2.95) with the 1st profit target being the Fibonacci level of 0.786 which is a $2.73 share price. Recent supporting bullish activity on the chart is the golden 50 and 200 moving average cross occurring. Add to this that rare earths sector which LYC operate in is currently in flavour as well. My opinion is bullish on this with a 1st proft target of $2.73 before some consolidation and a run towards the 52 week. This is only my opinion and you should always do your own research before investing.
Goldencross
XRP Breaks above longstanding resistance line; goldencross nearswe can see Xrp has finaally broken above this white ascending trendline that has been acting as super strong resistance for quite some time now and has done so with authority. The next notable resistance is a horizontal resistance line at .357 (in turquoise). My take profit target for this breakout is just below that at .342. We can see XRP's golden cross is fastly approaching but with this much bullish action before the cross it would not surprise me if it pumps until the cross and then once the cross happens we see a small correction my guess is probably no farther than back to 27 cents or so. Not financial advice of course only my opinion. Thanks for reading! Happy bull run!
APHA golden cross formationTextbook golden cross formation with volume afterwards to back it up
Golden Cross 3 stages:
1. Downtrend bottoms out
2. Shorter moving average crosses longer moving average (50 day crosses 200 day from below)
3. Continuing an uptrend to higher prices
XEM/BTC | Macro Trend Reversal | Golden Cross | Trade Setup Today's analysis – XEM/BTC – A strong break of its multi-month resistance backed by volume; showing signs of a macro trend reversal.
Points to consider:
- Bullish price action
- S/R Flip (trend reversal)
- EMA Golden Cross
- Increasing volume
- RSI above 50
- Stochastics below 50
XEMBTC breaking structural resistance with inviting bullish engulfing candles indicating buyers in the market establishing a bullish bias.
Price currently retracing to establish an S/R flip retest of the structural support zone, price holding support will form a local higher high and higher low on the chart indicating a macro trend reversal, supporting the bullish bias.
The 200 EMA is also in confluence with structural support; putting a strong emphasis on support being a key level. A golden cross of the 200 and 21 EMA will indicate momentum shifting to the upside; another confirmation supporting the bullish bias.
A clear volume influx coinciding with the break of the key level adding validity to the price action. Continued Volume follow-through is needed for a continuation.
RSI is trading above 50 and needs to continue ranging above 50 to remain bullish. Stochastics are below 50, momentum is lacking is the immediate market, however, a valid bullish cross-over will indicate momentum stored to the upside.
Overall, in my opinion, a successful S/R flip retest backed by volume validates a long trade to technical targets above with risk defined below structural support.
If you’ve read this far, I’d like to thank you for following my work and development as a trader!
As always,
Focus on you, and the money will too!
PHB/BTC | Golden Cross | S/R Flip Retest | Increasing Volume Today's analysis – PHB/BTC – Breaking bullish from its ascending wedge pattern, retracing to re-test daily support.
Points to consider:
- S/R flip retest
- Support confluence
- EMA Golden Cross
- Increasing Volume
- Oscillators above 50
PHBBTC trading in a healthy uptrend with a strong breakthrough daily resistance. Currently retracing to establish an S/R flip retest of daily support, price holding support will form a higher low on the chart forming a bullish bias in the market.
The 200 EMA is also in confluence with daily support; putting a strong emphasis on support being a key level. Price trading above the EMA is also considered bullish.
A golden cross of the 200 and 21 EMA will indicate momentum shifting to the upside; another confirmation supporting the bullish bias.
The break of daily resistance was backed by above-average volume; adding validity to the price action. Volume needs to remain above average to maintain strength in the market and avoid any fadeouts.
The RSI is ranging above 50, indicating strength in the market. Stochastics are reaching oversold conditions and may remain there for some time.
Overall, in my opinion, a successful S/R flip retest backed by volume validates a long trade to technical targets above with risk defined below daily support.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
TESLA: When Is The Next Bounce?NASDAQ:TSLA
DISCLAIMER: This is not a "technical analysis" and more of a "hypothesis" for my future inquiries with this stock. I am personally an optimist for the EV industry and hope for it to grow.
TESLA stock price seems to respect the 200 period simple moving average in an hourly time frame. Since the 'golden cross' in late March, March 30th to be exact, the price has bounced off the 200 MA at least 'ten' occasions. Even if I don't go into all those pessimism regarding the company's fundamentals or overvaluation and stick to the simple trend analysis, the question remains: "when will be the next bounce?" Or is it a break of structure?
If you find this interesting then please let me know your thoughts. I will be posting more in this topic in the future.
It is possible to Drink a Cup of Tea After Hammeringthis Idea is in Continuation of my Confirmed Previous Idea.
as I told in my Idea on Jul 8
NAS made Three Drive Pattern
and NAS is in near of First Critical Zone
It is Technically Possible that First NAS100 Falling Will start Soon ( black zone )
and NDX Butterfly burns in the fire.
I hope that you can drink a cup of Tea, not eye Tear.
pls go Back 2 your original uptrend path:) Can we c twtr getting back in between the upward lines until earnings coming soon (2 weeks time)?
I'de like 2 c the bull cross of 50 and 200 DMA .- BTW , I noticed in a few assets that almost golden cross ,
I know its a late sign but.... better be late then never.
Bullish Charts - Golden Cross, July 6 Conf CallObsEva SA, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel therapeutics for women suffering from reproductive health and pregnancy. The company is developing Linzagolix, an oral gonadotropin-releasing hormone receptor antagonist for the treatment of pain associated with endometriosis and heavy menstrual bleeding associated with uterine fibroids in pre-menopausal women. It also is developing OBE022, an oral and selective prostaglandin F2a, or PGF2a receptor antagonist, as a once daily treatment for preterm labor in weeks 24 to 34 of gestational age; and Nolasiban, an oral oxytocin receptor antagonist to enhance clinical pregnancy and live birth rates in women undergoing in vitro fertilization. The company was founded in 2012 and is headquartered in Geneva, Switzerland.
On 06/29/20, ObsEva announced it will hold a conference call to discuss results from Phase 3 PRIMROSE 1 and PRIMROSE 2 clinical trials evaluating their drug Linzagolix in women with Uterine Fibroids.
I personally think the conference call will be Bullish because on 07/01/20, ObsEva and Yuyuan BioScience Technology announced submission of the PRE-IND Dossier for Nolasiban with Chinese NMPA.
This company has a few things going on that could be a catalyst for the stock moving into July 6, next week.
Daily Chart is Bullish
50-Day MA just crossed up above the 200-Day MA - I believe this cross just happened today on above average volume.
MACD is turning up, Bullish
RSI is Bullish
Stochastic is Bullish
The Cloud indicators are all Bullish as seen below.
8-May-20
3.36 Bullish Kumo Breakout
5-May-20
2.95 Bullish Senkou Span Cross
4-May-20
2.41 Bullish Kijun Sen Cross
29-Apr-20
2.55 Bullish Tenkan/Kijun Cross
20-Apr-20
2.10 Bullish Chikou Span Cross
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Bullish Charts - Golden Cross, Buyout TargetSprouts Farmers Market, Inc., a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, packaged groceries, meat and seafood, deli, vitamins and supplements, dairy and dairy alternatives, bulk items, baked goods, frozen foods, natural health and body care, beer and wine, and household items. As of February 20, 2020, it operated 341 stores in 22 states. Sprouts Farmers Market, Inc. was founded in 2002 and is based in Phoenix, Arizona.
Daily Chart:
Volume: Bullish
PMO Turning Up: Bullish
MACD Turning Up: Bullish
RSI: Bullish
Stochastic: Bullish
OBV: Bullish
Accumulation: Bullish
Sector: Bullish
100-Day MA just crossed the 200-Day MA - Bullish
Market got crushed today, Sprouts was up. Bullish
I personally think Sprouts could be a buyout target especially after Amazon bought Whole Foods.
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.