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Rsi_divergence

Xilinx $XLNX close to test supportToday near the close took place a correction for some big cap stocks, but in the last 20 minutes there were a lot of buying action. Xilinx NASDAQ:XLNX was the perfect example as it dropped -3% but closed at -1.70%. This could be because is close to a support in $142, which was an ATH on 2019 that couldn't hold and then dropped hard for 14 months. Now it has gain +64% since it cross its 200 day MA and last week broke out the $142 resistance, all good news for the stock. I don't know if the price will continue to respect the 20 day MA line but, for now it has, so it could be a good buying point. I think I'll wait until it confirms this point to buy. The price action is been divergent from its RSI for while, you can never be too careful.
X
by dpuleo19
Is the US Dollar turning bullish?TVC:DXY On a weekly chart we see a MACD & RSI divergence. But that alone is not enough. We need to see a reversal pattern and/or structure breakthrough. So lets dig deeper: On a 4H chart we see a double bottom, with the second leg being a bullish engulfing candle. Moreover, this is accompanied by a MACD & RSI Divergence. We believe that a confirmation of the engulfing candle + a breakout of the downward resistance lines shown in the chart, could possibly lead to a larger positive trend in the USD. Happy Trading! Share your view on the DXY. Whether you agree or disagree, we can learn from everyone. Macro views are also great!
TVC:DXYLong
by nadavhurwitz
The beginning of a pullback? I've been watching this ETF for a while, always trying to buy at the exact point but couldn't just because I was afraid that it would go down just before I buy. Since November is been acting with divergence with its RSI so I waited, and now I think the pullback just begun so I'll keep waiting but more active. I like to buy when the price tests its MAs, especially the 20 day MA. This time I think it could test the 50 day MA but anything can happen so the best thing is always wait and be patient, but I'll put a signal on $48 to wait actively.
AMEX:LITShort
by dpuleo19
DJI Throwover ImminentPerhaps 650 pips left in the rally; perhaps not, pure gamble up here IMO; perhaps Monday 12/7 brings exhaustion gap? A final parabolic surge might push index near 31k before it cascades... don't be long when it breaks! Look how the MFI wanes as price creeps up the wedge; a clear EW appeared in the MFI during the November runup. RSI diverges but ofc can still go overbought. All depends on whether the stim package gets done, or bogged down again. Volume on latest pump is low, even less than the end pump in August. A pullback to the S/R line around 28K is likely within days or a few weeks at most, IMO. Smart money is taking chips off table. Outflows in November from insiders were record flows; MOMO crowd pumps new money in, old money flowed out. Just an idea, not investment advice; trade at your own risk, GLTA!!
CBOT_MINI:YM1!Short
by DaddySawbucks
14
Holo : a chance for 4X profitHolo had a long journey to take this point as a 2 satoshi token. but I am sure that it's undervalued now. yes it is absolutely a strong project, has a very good team with bright idea and roadmap. So what's next? I see a good divergence in MACD and RSI. so I expect a sharp bounce from this point to 10 - 13 satoshi in 1-2 months. The team has planned to run the network in weeks and it will be a good fundamental news for this project.so let's see what happens. Note: this is a personal analyze and not investment recommendation!
HLong
by mega1365
BTCUSD (D1) -- Failed to close above all-time Daily Closing HighBITTREX:BTCUSD Not saying it can't mount another run at making a new all-time daily closing high above previous level, as well as plenty of time remaining to make a new weekly closing high; but I'll just keep my comment short and sweet in the interest of brevity. Two words: caveat emptor. (1) Price has run very far very fast in a very short amount of time without a healthy consolidation since the breakout from the years-long downtrend around $10k a month or two ago. Not healthy. (2) Price is currently just above the yearly R2 pivot resistance, which is often a reversal zone, though admittedly not 100% of the time. But in my experience probability isn't on your side when buying near the R2 or selling near the S2. Tempt fate too many times and inevitably the law of large numbers and reversion to mean asserts itself with a vengeance. (3) Price briefly got above the all-tie daily closing high, before reversing and closing under it. Fail. (4) A confluence of several trend-based Fib expansion targets sit just above current price. (5) While longer-term momentum remains relatively healthy and strong, at least to my eyes, note the epic RSI divergence failing to make any new highs during the entire recent run up. CONCLUSION: Still patiently awaiting pull-back and consolidation before re-grossing up long position at lower levels. Don't hate, appreciate!
BITTREX:BTCUSDShort
by AlphaBeta
AUDNZD - Inverse Head and Shoulders Pattern At Daily SupportTrading Confluence Price is trading around daily support level An inverse head and shoulders pattern at the daily support level indicates the lack of selling pressure RSI divergence confirms the lack of bearish momentum Trade Forecast At the moment all the trading confluence align at the same support level which comes from the daily chart. If we price break and close above the local structure level marked in the chart, we will consider going long targeting 1.05747 level. Head over to Trade Revenue Pro to Learn More About Trading Forex
Long
by RevenueTrader
Apollo Hospitals @2110 - Target 2400 and stop loss of Rs. 22Apollo Hospitals has approached it's multi year trend line negating covid turbulence from April to July. Historically, for Apollo Hospitals RSI has been a critical indicator suggesting whether to expect the trend line to be a Support or resistance. After the quarterly result blues are over, RSI indicates that stock is ready to approach and cross the multi year trend line if it holds above 2110 on closing basis. Very small stop loss can fetch 300 Rs upside in quick time. Good candidate for call buying also given recent down trend call pricing would be cheap.
NSE:APOLLOHOSPLong
by Pattern_Study
S&P 500 IndexS&P 500 Index Mega phone pattern formation Currently price is around resistance trend line of Megaphone on weekly time frame,, RSI bearish divergence :- Price is making higher high and RSI is making lower high,, Time cycle :- Index is making peaks and lows as regular interval of 36 weekly bars,,, History :- After every bull phase index tends to fall below the low from where the bull move started,, will the history this time,, Before 30 nov index should top out,, and initial down fall of 10 to 15% can be seen as the reversal of trend,,, and slowly should pan out in down ward direction,,,
TVC:SPXShort
by RUDRA007
12