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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.
by UnknownUnicorn214400
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.
by yunwangvvv
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.
by yunwangvvv
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!! ^_^
Long
by arshia3h
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.
NASDAQ:TSLALong
by FourC
$GLBS BULLISH REVERSAL $4 to $20 to $95The chart pattern is a falling wedge, it’s a bullish reversal. The price has been bouncing between support and resistance and today we can confirm its a buying opportunity. I have continued to buy and bought more at the $4.00 range. The rsi is oversold on all time frames, the emas were trashed, the volume is high, the OBV is down, the only indicator was the chart pattern connecting trendlines. Currently the price is $4.00, my forecast on this stock in the next 24 months is a target of $24.00. And the highest possible target is $95. Float percentage of total shares outstanding is the percentage of float shares relative to the total shares outstanding. As of today, Globus Maritime's float shares is 9.61 Mil. Globus Maritime's total shares outstanding is 9.62 Mil. Globus Maritime's float percentage of total shares outstanding is 99.85%. Insider Ownership is the percentage of shares that are owned by company insiders relative to the total shares outstanding. As of today, Globus Maritime's Insider Ownership is 0.00%. Institutional Ownership is the percentage of shares that are owned by institutions out of the total shares outstanding. As of today, Globus Maritime's Institutional Ownership is 0.53%. Short Percentage of Float is the percentage of shares shorted compared to the float. As of today, Globus Maritime's Short Percentage of Float is 18.03%. Globus Maritime is a dry bulk shipping company. It was impacted by the world shutting down due to Covid-19, bad business decisions such as reverse splits and net loss on sales. However the company was able to finance to expand business operations with a new fleet and they continue to expand. This isn’t a short squeeze opportunity, this is a slow growth opportunity. When investing always do your own research, you are responsible for your trades. I’m not your financial advisor, im share an idea. And I personally invested in this stock because I believe in it long term. I’m holding, im buying more and its my risk.
NASDAQ:GLBSLong
by UnknownUnicorn2208604
7
FANS is ready for the next reboundAfter the strong performance based on great news in February 21 there was an overreaction by investors that were selling afterwards. The result was a pull-back to around 1.35 CAD $. Also based on Stoch RSI indicator the stock is oversold at the moment and seems to be ready for a turnaround. Today's news regarding the application for U.K. Gambling Licenses is very promising. It seems to be realistic to me that FANS will be able to climb up to 2.50-3.00 CAD $ by the end of March.
F
by the_realone
BNGO Potential long position around 12.00 supportBNGO broke below the 12.00 support today. Two possible scenarios now, the price further tanks but I would not expect it to dip below 10. I am personally expecting a bounce back after today's dip as: Not much volume to justify downtrend strength Stochastic shows oversold signal at support RSI shows oversold signal at support No strong downtrend indicator overall But please keep in mind that the price already went up +2000% in the past 3 months, and that the pharma market took a little hit today. Trade well!
NASDAQ:BNGOLong
by feelsgains
3