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Relativestrength

ABNB - is a breakup imminent?A break of this trendline was attempted in early April which failed but gave way to a higher low. It is showing strength relative to the overall market. Odds of breaking up has increased. Looking to Long if it breaks above the trendline resistance @ 175.50 with initial stop loss @ 167.5 With market so volatile I would prefer to cut losses fast if trade does not pan out quickly. If trade goes our way I will scale out partially @ 191 and then 207 (fib extensions of the AB swing up) Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important!
NASDAQ:ABNBLong
by Juliac
AUDCAD Continuing with Uptrend?Looking over the AUD/CAD chart, This is what I came up with, It's possible for OANDA:AUDCAD , To continue uptrending up until 0.96900, This can be a long-term trade, here are some of the insights into these graphs, that give enough information of why I think we might be going back up again : The Relative Strength Index is about to reach the 30.00 Mark, Which symbolizes that our Graph is oversold on the 4H time graph Our graph has touched the 4H Trendline It is in a zone of Support, it Touched this area more than 5 times already This is not financial advice, Although if you do take this, I wish the best for you.
Long
by UnknownUnicorn3740956
Bitcoin BTC daily chart - Pros and consBitcoin BTC daily chart - Pros and cons Cons: - BTC could not brake resistance at $47.466 - BTC could not break resistance on RSI - BTC with possible sell signal on MACD Pros: - BTC above EMA20, 50 and 200 - BTC above support on OBV I tend to a bullish development for the next days and weeks - what about you Crypto Nation? Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
INDEX:BTCUSDLong
by Crypto4Everybody
1
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NYSE:BELong
by Jtacher51
2
Stocks To WatchMany names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NYSE:NOVALong
by Jtacher51
1
Opportunity in volatile markets. HindalcoIn volatile markets like current times, strong stocks display some characterstics which make them attractive to buy with low risk and high reward. When broader markets takes short upturn, these stocks break out of large bases with significant buying volume. Also, when broder markets taken short downturn, these stocks pulls back to retest the support level which was previously resistance. At this stage, small amount of money can be added and watch the trend in following days to support your hypotheses and more money can be afterwards uptrend confirmation. Hindalco is buy as per this hypothesis as explained in attached chart.
NSE:HINDALCOLong
by the_avinche
Next market leader? $VIRTVirtu Financial is an American company that provides financial services, trading products and market making services. Although its fundamentals aren't what I ussually look for, its technicals are showing real strength in a market that laks strength. After a nice leg up from a long cup & handle NASDAQ:VIRT took a rest and formed a nice flag pattern. In which, yesterday made a breakout and I bought a small position. This flag has a flagstaff of 6.76 points. TA rules state that after the breakout, the price should reach the same 6.76 points up. That would be equal to target price near $42, or a +19% advance. But I'll be very cautious as there is a strong resistance level at $38. With a IBD RS rating of 95 and a number 3 in the IBD Industry Group Rank, Virtu is posted to be one of the leaders of the next bull market. Today is a good example of leadership as is having a good follow through day with an up day of +3% while the NASDAQ is down -1.70%.
NASDAQ:VIRTLong
by dpuleo19
Ovintiv Inc. $OVV near pivot buyOvintiv Inc. enganges in exploration and production of natural gas and oil. IBD gives it a #4 Rank in its industry and has a IBD Relative Strength rating of 98. Its clear that is one of the leaders of the oil industry. The stock is making a good cup & handle pattern as a 3th base with a pivot buy just above $41. One thing that I like is that just below the pivot has made two inside bars, that is a really good contraction in volatility that may help to a good upside move. For the nine months ended 30 September 2021, NYSE:OVV revenues increased 17%. Revenues reflect MarketOptimization segment increase of 94%, USAOperations segment increase of 24%, UnitedStates segment increase of 24% to $2.87B. Still the market conditions aren't very encouraging so I will start very small and add up if it follows through.
NYSE:OVVLong
by dpuleo19
Chemicals leader $UNVR with the follow throughLast week, Univar Solutions NYSE:UNVR made a breakout off a symmetrical triangle. And today, with a gain of +4%, is the follow through day. IBD Investors gives a #2 Industry Rank and relative strength rating of 89. Also, as its earnings, EPS and profit margins show 2 consecutive double-digit increase, NYSE:UNVR is posed to make a good run. But, with the market still under pressure, I took a 1/5 position. I intend to add more as the market gives me signals.
ULong
by dpuleo19