NASDAQ:GOOGL might retest the previous breakout level before continuing the uptrend. The entire chart of Alphabet (Google) is green, yet I do expect a (short term) move lower first. For almost a decade, Alphabet has been retesting and respecting a major support trendline before then breaking out of the ascending triangle formation just a couple of months ago....
Hi Guys. So i am always on the lookout for Macro trend setups, signs and opportunities. I believe ROKU is potentially in a position to take a nice swing. This analysis is on 1 day. Notice we have reached a Sloping Support trendline from December 2022. We've had 2 touches previous that resulted in bounces. Trendline theory states trendlines can stay intact for...
NAIL on a 14 minute chart tested the support at the rising trendline confluent with the mean anchored VWAP and has bounced and crossed over the latter. Relative strength lines are crossing over the 50 level and the relative volume is showing a gradual rise. This is the beginning of homebuilding season after all. Mortgage rates might be getting a cut. I will...
ACHV had good earnings in mid-March and has been in an ascending triangle since that time. The uptrend had a correction April 17th to 20th to which buyers responded with spiking buying volume. Current volume is 3x relative to the usual and customary historical volume averages. I will take a long trade on this when price descends to the support trendline...
KUCOIN:LUNCUSDT $LUNC has obviously been highly speculated on, by "gamblers" and "degens" in the crypto space. I, myself, have even DCA'd very small amounts into it over the past month. While this is, of course, is very possibly a short lived pump, $LUNC has actually made its higher high, above the previous swing-high. RSI's are also showing a strong rise in...
Hello Traders Caught a few pips yesterday with the CAD rally :D We at a strong ascending trendline on the 1day.. Army is ready... a new battle to be won Bulls...
D1 : Last 2 trading sessions is showing a switch from a BULL mode to a BEAR one. Indeed, looking at the last 2 closing sessions we can see 2 black candles with the one of yesterday, closing "timidly" just above Tenkan-Sen (conversion line). Today's ongoing price action is currently under that level, in having already tested the...
H1 : Currently traded at a pivot point level on this time frame and below MBB, KS and TS ! Indeed, a downside breakout of the clouds would open the door for further downside. Next support being the 38.2% Fib ret @ 36489 (also former low of Feb 4th and 5th) Watch M15 and M5 for intermediate clues in waiting the next hourly closing.
H4 : Failure to hold above former support trend line triggered a long black bearish candle which a closing below MBB. Next support is @ 31332 ahead of 30735 with focus on psychological level of 30'000
H1 : Trigger level of the double top @ 35430. Targe @ 33410 3rd consecutive failure to hold above support trend line MBB currently under attack a failure to hold above it and above KS @ 36113 which is also the current intraday uptrend line support would give a bearish signal, calling for lower levels.(with clouds support zone,slighlty...
KEC has given a pullback on daily charts from support trendline on daily charts, however if it sustains above last closing price.it can rally upto previous high. if it revers, it can go upto 200DMA, which is at 270 levels.