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CRTM - GOLDEN CROSS, TARGET 22/- & 34/-CRTM - ICHIMOKU CLOUD BREAKOUT + GOLDEN CROSS + BULLISH CROSS, TARGET: 21.50 - 22.50 - 26.00 - 34.00 LEVELS, SL: 13.00 CRTM is showing multiple bullish signals including a Golden Cross, Bullish Cross, and breaking out of the ICHIMOKU Cloud. The targets are set at 21.50, 22.50, 26.00, and 34.00 levels with a stop loss at 13.00. The breakout from a 4-month descending channel coupled with breaching the Ichimoku Cloud above 14.44 signifies a strong and potential rally, projecting an upside of 30% to 51.00%. The forecasted targets are 21.50, 26.00, and 34.00 levels. Indicators such as MACD, RSI, and oscillators are all signaling bullish momentum. Nonetheless, immediate support is observed at the 13.00 level; any breach below will invalidate this bullish bias.
PSX:CRTMLong
by tradeflowadvisors
HUBC - BEARISH REVERSAL WITHIN A BULL FLAG HUBC is currently trading within a Bull Flag pattern, with the price encountering resistance below 118.30. Multiple resistance levels are preventing a breakout from the flag resistance zone. The price appears poised for a bearish reversal towards the levels of 111.80 to 102.70. It is probable that the flag channel's bottom support around 104 / 102 levels will be tested. Consider selling with a STOPBUY set above 119. Targets: 112.70, 111.30, 108.00, and 104.
PSX:HUBCShort
by tradeflowadvisors
PSX | InformativeNYSE:PSX Overall Trend: The stock has been following an upward trend, as evident from the upward-sloping blue trendline. This suggests bullish momentum. Candlesticks: We see a mix of bullish and bearish candles, but the bullish candles are larger in body, suggesting stronger buying pressure. The large blue candlestick in the recent period might indicate strong buying interest. Moving Averages: The stock is trading above both the short-term and long-term moving averages, which is a bullish indicator. The moving averages are also in an upward trajectory, further affirming the bullish momentum. Support and Resistance: Bullish Line (Resistance turned Support): The stock has broken above the "Bullish Line" at 116.77 USD, turning it into a potential support. Bearish Line (Resistance): At 115.23 USD, if the stock moves downwards, this could be a resistance point to watch. Price Targets: Target Price 1: 113.80 USD - If there's a pullback, this could be a potential lower target. Target Price 2: 111.56 USD - A further downward target if the stock faces more selling pressure. Target Price 1: 118.50 USD - An upward target if the bullish momentum continues. Target Price 2: 119.78 USD - A higher potential target with continued bullish activity. Volume: A significant spike in volume accompanies the large bullish candlestick, suggesting strong buying interest. RSI (Relative Strength Index): The RSI is hovering around the middle range. It's not in the overbought or oversold territories, suggesting that there's room for the stock to move in either direction. Summary: The stock shows signs of bullish momentum, with strong buying interest evident from the recent large bullish candlestick and the upward trend. The break above the Bullish Line is a positive sign. However, it's essential to watch for potential pullbacks towards the bearish line and monitor the stock's movement in conjunction with real-world news or financial data related to Philips 66.
NYSE:PSX
by shkspr
TOMCL - Testing Break Down LevelTOMCL - Testing Break Down Level TOMCL Technical Analysis Overview: TOMCL is currently undergoing a critical testing phase, as it grapples with a bearish trend spanning nearly two years. Investors are advised to exercise caution and remain vigilant regarding key price levels. Immediate Support at 21.40: It's important to note that a sustained trading position above the 21.40 mark is essential for potential positive momentum. Investors should closely monitor this level. Inner Channel Vulnerability at 19.77: Should TOMCL breach the inner channel support at 19.77, there is a likelihood of a price test at the 18.00 level, which aligns with the parallel channel support. Further Downside Risk: A breach of the 18.00 level may open the door to a significant downward correction, with potential targets at 15.20 and 14.60. Bearish Divergence in Indicators: It's worth noting that indicators are displaying a bearish divergence, further underscoring the cautious sentiment surrounding TOMCL's current trajectory. In summary, TOMCL is facing a critical juncture in its price action, and investors should closely monitor the key support and resistance levels outlined here. Prudent risk management and vigilance are advisable in light of the prevailing bearish trend and bearish divergence in indicators.
PSX:TOMCL
by tradeflowadvisors