PLTR - On the Precipice of Greatness
I jumped into PLTR back in mid/late FEB when it was tanking pretty hard. I've been patiently waiting and pulled the trigger on another lower price point to decrease my DCA. After more waiting... I think we're on the precipice of greatness here with PLTR.
Most of my points are called out above. Some additional notes here.
2 day candles show a LONG stretch of being oversold
Last time we left oversold we saw a 79% pump
We've once again been oversold for a very long stretch
Double bottom established and could give us the momentum we need to break out of the oversold position
Things to keep an eye on:
Would be really nice to see the DMI tick up towards bullish momentum
Keep an eye on the neck line of the W (orange dotted line) - needs to break that to finish the push
Obviously do your own research and due diligence before investing... but as for me... I just like the stock.
-Matt
Oversold
Very bullish on this oneLooking good on TME in my opinion making all time highs. Very very impressive technicals and especially fundamentals with continuing uptrend of revenue and EPS and would probably fit a CANSLIM stock selection. In terms of pricing, compared to other china stocks like BILI, BIDU, etc. with impressive fundamentals. TME should reach $100 per share as well near their pricings. Probably after this bear market were experiencing right now and low volume, TME would have a high possibikilty it wont go back to this $20 per share right now. Addition to that, you can see a huge volume the other day which represents intstitutional entry plus RSI indicates were almost on the oversold side which is a good entry point.
EURUSD 1H ADX TRADING STRATEGYADX STRATEGY RULES
1 - Add ADX & RSI Indicators to chart.
2 - Add Horizontal line with Coordinates of 25 to ADX.
3 - Wait for RSI to go below oversold 20 level.
4 - Wait for ADX line to rise above 25 level for ENTRY.
5 - SL above Fractal High.
6 - TP EXIT when ADX falls below 25 level.
Mohawk is oversold. Is this one ready to run up?I have changed up how to best display projected movement. In the case of MHK, 4 of my algorithms signaled a BUY on March 24, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 3 Hour chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance.
The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play).
All statistics and the full analysis are available for free as always at the site below.
Finally in the zone of interestFrom overbought ATH around 61780 price fell down to oversold and showing us bullish divergence on 4H RSI. When we consider strong support FIBO zone around 52.4K we get great probability for trade with minimal risk. Longs positions are starting stabilize too. (green line above charts). After all of that I will still opening only a small position of my account to leave room for further maneuvering :D Because the price CAN have many obstacles upwards (56500,59300,60000 and ATH.)
15% of account i long at market price.
Comment below where you will buy or maybe where you will short: D
And if you agree like.
I will update this idea in close future so if you want, follow me.
WDC shines with multi-chart oversold signalsI have changed up how to best display projected movement. In the case of WDC, 5 of my algorithms signaled a BUY on March 23, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Hourly chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance.
The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play).
All statistics and the full analysis are available for free as always at the site below.
USDJPY-Weekly Market Analysis-Mar21,Wk4Trendlines are amazing, there are many ways you can use them, for this instance I'm waiting for a shorting opportunity when the candle touches the red line but not closing above it.
When it hit the middle trendline, I'm going to shift my stop-loss to entry and once it reaches the bottom trendline, as long as it closes below the trendline, I'm going to keep the trade, if it doesn't, I'm going to exit my shorting trade and turn it to a buying trade.
EURUSD-Weekly Market Analysis-Mar21,Wk4After a week, EURUSD didn't create a new low on the daily chart. I'm waiting for a counter-trend opportunity. On the 1-hourly chart within the 4-hourly buy zone, there is an opportunity that awaits, at 1.1881 I'm waiting for a buying opportunity. Candle confirmation at that level became important to the trading setup.
YFI - I Yearn For Gains!!
Full disclosure, I bought YFI at $42,900... and am desperately needing a recovery. So I *might* have a slight bias towards seeing a push here... BUT... regardless... I think there are some strong bullish signs in the coming week for YFI.
Lots called out in the graph above so some additional thoughts below to supplement the graph:
There have been other points where a touch on the 50 day sends the price to the upper resistance line
The Stochastic RSI isn't perfect... and the patterns are not exactly the same... but given it's in the same spot as the last big push... there's gas in the tank at it's current position.
There *could* be a possible W forming - we could be at the second touch of the double bottom right now (big speculation there...)
Price is currently respecting gan fan channel - could jump back to median (dotted line) for this next push
Lot's of speculation all around, but I'm hopeful!
AUDCHFThe pair has been long in H4 TF and now forming a Double bottom. The Price is expected to long to 0.72127. Use risk management.
Looks like it should bounce hereI expect a bounce in this stock. Ever time the RSI hits 30 this stock bounces. We are testing this resistance level for the 3th time now. If it fails the stock can go further down to 50.
Fundamentally i believe AI to be one of the biggest opportunities, maybe even more revolutionary then the internet.
The Regular Divergence (2) Stock price is lower low, but indicator is higher low. The price touches the support trend line.
Tips:
This is index, not a stock. But the tips should apply as well.
2013 dec 13, price and stochastic have divergence.
Stochastic is to value price momentum.
The divergence is a regular divergence. Means the price will bouce back. Here is for price lower low, but indicator higher low.
Stochastic works only for a range price move. For strong trend, not working. Here the indicator value is very low, and the stock not in a strong trend swing, means oversold. More probably to bounce back.
The stock runs in a very long range. The price drops almost on the support trend line.
Over all these, a strong buy hint is here.
4 hour sell technical analysisPresented is the four hour chart with MACD and RSI playouts.
RSI has been trend trading within oversold zone and continues with a confirmed MACD/SIGNAL divergence below zero line.
Two take profit points the first being .95900 with a take profit 2 at .91400 if first support breaks.
Please comment with thoughts and ideas. Thank you!
The Hidden Divergence (2)Stock price and indicator have hidden divergence. Price is lower high, but indicator is higher high
Tips:
This is forex, not a stock. But the tips should apply as well.
2013 Nov 5, price and stochastic have a hidden divergence.
Stochastic is to value price momentum. Also can be treated as if stock overbought or oversold.
The divergence is a hidden divergence.
The hidden divergence means the price will continue the trend.
Here the trend is downtrend, means probably price will go down.
2013 Nov 5, stochastic showed overbought, possibly price go down.
The price also touched almost 50 ma, possibly price reverse down.
The price also touched almost resistance trend line, possibly price reverse down.
It is below 200 ma, should bias on downtrend. Plus this hidden divergence, it is a sell hint.
The downtrend is coming, not yet!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 come out of the oversold level.
In the case that the downtrend that has been created is valid, and it is not a downward corrective move of the main upward trend, a rise of prices up to the resistance point of 1.2070, so that prices cover almost the entire range of the downtrend channel, it is very likely to be verified.
In the case, now, that the movement within the downward channel is a correction, the point 1.2070 and the possibility of its breaking is the first indication for the future upward movement.
RSI highly oversold --> Pullback expectedentry price: 8.75 --> above current price for assurance
Stop loss: 8.25
take profit: around 18 or higher.
The Hidden Divergence (1)Stock price and indicator have hidden divergence. This maybe means the price will extend the trend.
Tips:
This is forex, not a stock. But the tips should apply as well.
2014 Jun 6, price and stochastic have a hidden divergence.
Stochastic is to value price momentum. Also can be treated as if stock overbought or oversold.
The divergence is a hidden divergence. A hidden divergence is for a price higher lower, but indicators are lower low. Or for a price lower high but indicators are higher high.
The hidden divergence means the price will continue the trend.
Here the trend is uptrend, means probably price will go up.
2014 jun 6, stochastic showed oversold, possibly price bounce back.
The price also dropped almost on 50 ma, possibly price bounce back.
It is below 200 ma, should bias on downtrend. But here is a buy hint, so can buy , but not a very strong one.
The Regular Divergence (1)Stock price is lower low, but indicator is higher low. This divergence can be a trading opportunity.
Tips:
This is forex, not a stock. But the tips should apply as well.
2014 apr 28, price and stochastic have divergence.
Stochastic is to value price momentum. Use 8,3,3 as the parameter can wipe out some market noise.
The divergence is a regular divergence. Over 200 ma, should have bias of doing uptrend. Hence, for regular divergence, should only trade when price is lower low, but indicators is higher low.
If below 200 ma, should be reverse, which is for regular divergence, should only trade when price is higher high, but indicator is lower high.
The price also dropped on 50 ma, more probable to bounce back.
Stochastic works only for a range price move. For strong trend, not working. Here the value is about 20, and not in a strong trend swing, means oversold. More probable to bounce back.
There is also a horizontal support below the price.
Over all these, a strong buy hint is here.
ADA new ATH!!? (⊙_⊙;)BINANCE:ADAUSDT BINANCE:ADABTC
Hi guys , As we saw in this week we have finished our main pullback and we are starting to go up generally in crypto market .
For ADA according to what I see in the charts we can go for a new ATH soon , currently in cardano/btc chart we are in a very important level of Demand also we have hit the 0.236 Fibonacci level and showed Resistance to it , this level also matches with 200 4h EMA too and we are in OVER SOLD stage, so we can expect resistance from this level and its a very important level to keep an eye on for now.
Also we have a long time low in ATR that that indicates we will have a huge move soon.
So my suggestion is to have an eye on ADA because we are in a very important level.
If my idea was helpful for you consider liking it ,leaving a comment and following me for more content!! Thanks!! ^_^
PD: Still as bullish as ever. Best entry into the name since NovPD is still one of my favorite picks in 2021. The recent sell-off in high multiple names has wrongfully been aimed at PD. PD has a modest multiple when compared to other software names/peers. The stock dipped into the oversold region of RSI and is now just barely above it. Also very bullish that it held the 200SMA. Please look at my earlier PD notes to see my full thesis on the name.
Zillow Cup of TeaCup of Tea
How I'm expecting Zillow to move in the next 2-3 mos.
Let's see how it goes.
Slow for my liking but tasty enough to dip
TSLA very clear 5 waves down - The 'A' wave may be finished TSLA very clear 5 waves down and measurement levels are clean.
5 waves down is corrective and has 2 possible outcomes, this being the less bearish of the 2 and i lean towards this more conservative count for now.
It looks like tsla has put in an A wave of an ABC correction, and its very possible the A wave down is done.
Looking for a B wave bounce to start soon.
Other tickers as well as the QQQ have very similar 5 waves down.
Price bounced at the 50% fib of an extension fib setup. The longer term target for this fib setup is 1068 as long as 465 doesnt break.
Trendline Support.
Volume climax at lows.
RSI and Stoch oversold.
Watching for the start of the B wave up. Resistance into recent supply levels would make sense possibly up to 840.
