AQUA good sign of reversalAfter a rough week, the market slowly recover we might see a reversal
# Morning star
# 200 EMA support
# MACD crossover
first target = 27
second target = 30
Macdcross
UNI/BTC Breakout from Bull FlagThe UNI/BTC pair has recently cleared a buy point, as it has broken out of an extended bull flag on higher-than-average volume.
Confirmation of this trend reversal is provided by an approaching MACD cross.
The price is also trading above the Ichimoku cloud, indicating that it is safe to take a long position.
Dollar Tree - Bullish TrendOn the move off of our low support line, DLTR price and daily volume have been consistently increasing. NOTE: bullish run after last reporting (11/24).
Crossing the 21 EMA, good sign for continuation to the top of our rising wedge.
MACD starting to turn, will require forward momentum.
BNGO bearish?I have the feeling that Bionano Genomics ($BNGO) is not bullish on the daily timeframe. We can see less volume and the MACD is about to cross down.
But everything is possible! A great news ($ARK buying shares) can overturn the current market situation...
What's your opinion on this? Your comments are welcome.
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Take into account that fundamentals (news) supplement technical analysis. A trader does not use a crystal ball to predict the future (news and people's reactions). Additionally technical analysis is not an exact science. It involves a degree of subjectivity.
Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
How To Understand And Trade With The MACDWelcome Traders!
In today's trading episode, you will learn what the MACD is and how to use it to find trade setups. No indicator can predict market moves perfectly, but this is a good indicator to have in your arsenal when you trade.
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Until next time, have fun, and trade confident :)
Price Target $36Confluence of some signals as indicated in the chart + bullish MACD, confirmation of a big inverse H&S formed since October...
We are in a period of market uncertainty but their earnings date in February could act as a strong catalyst for the stock.
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Potential Gap fill to take us down 20%Price looks extended into resistance, after a huge gap up we saw a huge spike in volume.
Now it appears that the sell side volume is taking over as we have not had many green days since we got here and the MACD has given us our bearish crossover.
The weekly does not make make it look any better as we seem to have a confirmed Gravestone Doji on our weekly chart:
I believe we could see a huge drop in the coming days possibly to fill the gap below.
AQB trying to find its footingNASDAQ:AQB
AQB just raised some money through a public offering. $6.50 per share.
www.globenewswire.com
It didn't seem to be a lot, which is good and bad news.
Bad news is people started to react and took profits. Good news - high chance of another offering in the future, where they more than likely are anticipating a higher $$ per share.
Based on action over the last few days - MACD about to cross and lower volume, I think we'll still see a dip. Hoping we find support at the SMA20 and start seeing consolidation for another run up.
I'm in around $10 and will buy shares if we stay above the SMA20 and are in the $8 range.
First sell target is $12 and then will see how it runs.
LFG!!!
Price target till february 2021. Thoughts please.Price target of $220-230 because the confluence of :
- Fibonacci retracement (0.618 - $219.06) from ATH to September '15 low
- Fibonacci retracement (0.5 - $223.52) from ATH to December '18 low
- Fibonacci retracement (0.382 - $225.76) from ATH to March '20 low
- Low side of the parallel channel formed since the IPO
- Low side of the broadening wedge formed in December 2018
- Price target of the new descending triangle forming since 16 November 2020
- MACD convergence divergence negative in Weekly
- Chinese regulations risk
- U.S delisting risk
But probably trend reversal in first weeks of February 2021 when :
- New democratic POTUS arrive to the White House in 20 January
- New Alibaba earnings release between 02-09 February with sustained growth
Please leave your thoughts to create a better community with better ideas. Do you think I'm right or not? Why?
I'm from Barcelona so sorry if there are some spelling mistakes :)