Technical Confluences: - Fibonacci retracement since the beginning of NYSE:EL 's history, puts the price action at the 78% retracement level - It coincides with a Demand Zone as can be seen across the price history - Stochastics are in Oversold conditions from Monthly, Weekly, Daily, H4 and even H1 - Will likely put Buy Stop levels at the Interest Zone areas to...
Technical Confluences: - Price action is near the 50% Fibo retracement area - Price action have bounced off the 200 MA (Red) and has a valid Resistance Trendline with an Interest Zone nearby - Stochastics is inn Oversold conditions in the Daily & Weekly timeframes - Elliot Wave 4 seems to be completing at the 50% Fibo line and aim for the 100% Fibo Extension...
Hi Guys. So i am always on the lookout for Macro trend setups, signs and opportunities. I believe ROKU is potentially in a position to take a nice swing. This analysis is on 1 day. Notice we have reached a Sloping Support trendline from December 2022. We've had 2 touches previous that resulted in bounces. Trendline theory states trendlines can stay intact for...
Great news! The long-term value and ethics of Honest is immense, and it’s currently oversold, a perfect opportunity to catch some Honest gains! This is a long term hold, PT: $42 or more. Could have Etsy- like expansive growth. The decrease in share price after an IPO is common. Don’t be discouraged, and HODL! Have fun! Be safe! “Not investment advice” (legally...
Stoch RSI on the 65 min chart looks very oversold - once it crosses back up we should see a nice healthy bounce assuming the market cooperates. I took a healthy position on 116c 8/20 exp.
After Bitcoin's latest setback, I expect a reversal from the current point. MACD looks strong and healthy. Golden cross could create the next bullish mode. I expect we will see a gold cross on March 9th around the start of the US equity market's trading day. The upcoming chart pattern could be pretty similar to February 2021. Price target ca. 70k $ then by the...
#RMO Double bottomed, and oversold. Watch for the bounce and reversal
Last week's macroeconomic announcements created support at the price level of 1.1870, which is the lower limit of the downtrend channel. So, from a technical analysis point of view this was almost to be expected. Then looking at the indications of the Stochastic it seems that the upward movement still has a lot of room for development because the index has just...
Back in this super risky penny stock, nice volume today, 187million and oversold conditions have my spidey senses tingling
Market conditions are showing slowing of selling momentum. Price should be looking to retrace and retest target level. Entry on trend line break and close above grey resistance area. Conservative stop loss will go below the low of the candle that breaks and closes into the resistance area with a max stop loss as shown. The indicators I have chosen are all acting...
BMRN selloff seems to be over and this is a possible entry point, some resistance at 80 but if we breach 80 we might se 88 shortly after. Very volatile market. Your thoughts.. is this a stock worth investing in? Stay safe, Ev
SU SUNCOR is oversold, and I'm using 3 indicators to confirm that. The reasons why I bought now: Warren Buffett added SU George Sorros added SU and lastly, because it is oversold. It is also a common consensus that this company will flourish if JB wins the US election. Happy trading and hit like if you found this useful and helpful. Thanks, E
1.Seeing to take advantage of a failed breakout on a new 20 day low, the next day reversal ( plus 1). 2. There is a 'modified' ANTY signal - taking advantage of wave function 'oversold' levels' in a corrective technical action 3. modified ' momentum pinball, as not quite reached 20 line but again at levels where up cycle occurs - looking for 2-4 days only swing trade
Today's chart - BATBTC – Consolidating at key support; a successful re-test validates technical targets above. Points to consider: - Trend Reversal - 21 EMA visual guide - Hidden bullish divergence - Stochastics oversold - Low Volume BATBTC testing trend support after a strong bull move into daily resistance, price respecting support level will form a...
I see positive regular divergence (+RD) on chart. It's possible to change trend to Bullish. On the other hand you can see over sold on Stochastic Oscillator. +RD and oversold on Oscillator make a chance to have long position on USDCAD. Shayan zamani. 15 July 2019
EURUSD Timeframe: 1D Direction: Long Confluences for Trade: - Bearish momentum waning - Stochastic Oversold momentum turning - Price tried to break the Support Trendline but could not sustain itself below the trendline (Buying momentum gaining) - Price action at Horizontal Support Trendline and has bounced off against it - Please refer to previous post on...
With market in volatile and downward trend, good companies with punished following earnings. $ULTA in at long term support area. Might interest long term investors. May not be suitable for short term traders in this market condition.
Hello everyone, looking at the 1 day chart we can see a risky trade setup that involves some decent returns. The overall trend has been bearish, but, there is a large potential for a broadening ascending wedge (Bullish formation.) The catalyst? The upcoming BNB coin burn. The entry point will be anywhere in this blue box support zone, especially inside the...