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Hammer

AMZN Long position#AMZN bullish signal Position: long Entry price: 3320-3350$ Target price: 3500-3540$ RSI: approaching 30 which is oversold territory Keltner Channel: the price at the lower boundary of the channel Candle pattern: bullish hammer Conclusion: Candle pattern, RSI and Keltner Channel suggest a pullback to the upside. Long position is recommended on the lower band area with the target zone at upper boundary. Provided analyse is for an informational purpose only and should not be taken as a professional financial advice.
NASDAQ:AMZNLong
by vf_investment
1
AMZN: About to reverse the trend?Hello traders and investors! Let’s see how AMZN is doing today! Today’s reaction in the 1h chart might be just a Dead Cat Bounce, as long as we lack bullish structure. However, AMZN is doing some interesting patterns, and it is worth to pay attention to them, as they might be early signs of reversal. First, AMZN is seeking its 21 ema again, and if we defeat it, then we’ll see something new, as we don’t trade above it since before earnings. If AMZN defeats the 21 ema, it’ll be a good start. Despite the lack of bullish structures in the 1h chart, we have a possible bullish reversal candlestick pattern in the daily chart, called Hammer. The long shadow under the candlestick’s body is a good sign of strength, but this alone is not enough. I would rather prefer to see this pattern triggered and then the price closing above the $ 3,296, making the recent movement a false breakdown from the support level. This will be another trigger that the trend might reverse. To sum up, we have positive signs, but we must wait for them to be triggered, for confirmation sake. For now, let’s just wait for more information. Meanwhile, if you read this far, I invite you to follow me to keep in touch with my daily updates on stocks and indices. Have a good day!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
3
BABA: Complete Multiple Time Frame Analysis (H, D and W charts)!Hello traders and investors! Let’s see how BABA is doing today, and do a complete Multi Time Frame Analysis (MTFA). First, in the 1h chart, we have a pivot point at $ 201.06. This pivot point can change the trend in the short and mid-term for good, if triggered, and it is the first pivot point seen in a while. What’s more, we have a purple trendline connecting the previous bottoms, working as a support too, and we could say we have an Ascending Triangle chart pattern here too. If we lose the purple line, then probably BABA will keep moving erratically for a while, but what if we trigger the pivot point? Then I see the $ 216.43 as the next target, as evidenced in the hourly chart above, and in the daily chart below: It seems BABA is inside a Descending Channel in the daily chart, and the $ 216 is the resistance made by the previous tops in the 1h chart, and also by the upper line of the channel, making it a dual-resistance level. Since BABA hit the lower purple line, it did a Hammer candlestick pattern down there, and we have a pivot point in the 1h chart, the odds are that it’ll seek the $ 216 next. However, the trend is not bullish yet , as we lack stronger bullish structures around. We only see lower highs/lows in the daily chart, and although the breakout of the pivot point would be a good start (and a high risk/reward buy), the situation is not perfect for BABA. Let’s see what the weekly chart has to tell us: Yes, BABA did a fantastic Hammer candlestick pattern, just above the support at $ 189.56 (with high volume, by the way). This is another pattern that confirms our bullish thesis up to the $ 216. On the other hand, we have another indicator that the $ 216 will be a hard resistance for us to defeat. The 21 ema is at $ 218, and it is dropping each week that passes. This makes the area around the $ 216 a very good top candidate for the mid-term, despite the good bullish signs seen right now. If you ask me, I’m bullish on BABA, and I see now as a good opportunity to buy, simply because of the good Risk/Reward ratio , but we got be careful with the next resistances, as the trend is not truly reversed yet. If you liked this idea, remember to follow me to keep in touch with my daily studies, and support this idea if it helped you! Thank you very much!
NYSE:BABA
by Nathan_The_Finance_Hydra
3
CCIV / LCID After Merger: Bullish Hammer Above 50MA and AVWAPThe merger between NYSE:CCIV and LCID has been approved today and the stock will trade under LCID from Monday. A classic Bullish Hammer candle has formed taking support on the 50 day SMA and the AVWAP (Anchored VWAP) line anchored at the base since the merger was announced. Still the ticker is trading below AVWAP lines from the recent high, all time high and the first ever significant hike in January this year. In my humble option, LCID needs to deal with these important resistances at $25, $27.40 and 28.90 price levels if we are hoping for a significant run. So far the Bullish Hammer above the above mentioned support levels is a good start. It has also broken out of the downward trend line that it has been following since the recent high. Let's hope for the best! Also please let me know your opinion on it. Thanks!
CLong
by Trading-Economist
3
Another trade on RBLX? 🤑🤑🤑I did a public trade on RBLX last month, which was a very good one, and now this one is back to almost the same price level I traded it on June21! This is interesting, but it is worth to trade RBLX now? Do you believe that the line at 83.36 is still here? I didn’t move it since last month, yet it is still making a support us. And some people don’t believe in TA… If we lose the 83.36 then we’ll see a pullback to the 77 – 78, but if we see a good pattern around here, it’ll be just another chance to trade RBLX! We have no confirmation in the 4h, but it seems we have a small hammer. This could be the beginning of something great. I’ll keep you guys updated about this. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:RBLX
by UnknownUnicorn21312077
1
How to use Candlestick Patterns ..Hello Traders , Have a nice weekend. it's good to learn something even if you knew it before,Seriously some of you know all these patterns but don't know how to use them. First we have to draw our support and resistance area in higher time frames , then we switch to lower time frames to see a candlestick pattern and now you can enter the trade after a little price rest to have a better RR ratio guys. Good Luck on that , As easy as you see
Education
by sajadakrami1378
Greatest Percent GAINER OVERBOUGHTAfter two great news, BLIN managed to run up to 10.41, making it an overbought stock. Jul-02-21 09:24AM Bridgeline Receives More than $2.5M in Warrant Exercises GlobeNewswire +56.00% Jul-01-21 09:00AM Bridgeline Partners Win More than 20 Site Search Licenses in its Third Quarter GlobeNewswire +33.72% This two news made possible this situation in which stocks are starting to be sold by demand. Looking at the chart, we can see how all highs where made with great volume, which is good but the corresponding candle didn't responded the same way, most of the time it closed in its third, showing how demand was getting out of the stock while it kept going up, We had another sign of weakness in the upward trend when the triangle that formed duting the spring in the supposed wyckoff's accumulation phase, didn't break with strength even though, prices kept mooving up but very timidly, until we had another spike, this time a hammer candlestick (a warning about a change) with the second greatest volume of the timeframe;; this time, the remaining demand got out of the stock, that maintained some momentum that made it break the resistance formed by great volume with no volume ( another sign of weakness) and the icing on the cake comes when we had a doji, reasuring the weakness and how little time the bullish trend has left. (We also have the three SMAs overextended, and prices very far from them). Surely the news made some great profits to the insiders, but the ones who came late are now out of the trend and should stay out until we have a few clear signs of strength. As we expect the stock price to come back, at least, to the lateral range limited by the blue support and resistance. I Hope You Have A Great Day!!
NASDAQ:BLINShort
by Fernando_132
Breakout from Falling Wedge hammered into Cup and Handle! The breakout from the Falling Wedge seemed to get hammered down pretty quickly! o.O But the pattern then took the shape of a cup and handle! ^^ This indicates to me that the bulls are determined to break through, and they're probably going to succeed this time! Unless of course there's another hammer waiting to knock the break-out back downwards again. If that happens, the next pattern will decide the trend for the rest of the week until weekend! What will it be? I think the bulls will break free. But there's no way to be sure, unfortunately! 𝔡𝔢𝔲ℨ𝔦𝔤𝔢
by addegaaidanouzelfzoek
What to expect next week? (another target hit) 🎯Yes, we got it right another good movement on NIO, e just missed the target for 20 cents! I’m sorry, but I’ll consider it target hit! The RSI was extremely oversold this morning and NIO bounced back to the 38.2% retracement. Now we have a hammer in the 4h chart, but we are still trapped inside the retracements, and I don’t see NIO doing nothing good while it is between these points. But if it triggers the hammer I’ll consider a good thing! Today I won’t set any target for NIO, and I’ll just wait for new movements next week. I’ll update you guys on Tuesday. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
6