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Ascending Triangle & Triple Bottom for CRSP?Notice the dark blue pattern on the chart, there's noticeably a Ascending Triangle and coincidentally a bullish inverted H&S where I have placed the green lines. Above each green line is appears to be a bottom, and there's three very noticeable on the line chart as opposed to the hollow candle chart. I have placed three blue finger icons so there is no confusion, each finger represents a bottom of the Triple Bottom. On the RSI there's was clearly a modest divergence, if the Ascending Triangle breakout to the upside the RSI is going to need to create a higher high and break out of the pattern to the upside negating the possibility of this ending in a bearish divergence & descending triangle.
NASDAQ:CRSPLong
by ScotianBot
OSTK is trading in an Ascending Triangle.Keep an eye on the KST, if the price continues rising but there is no higher high on the KST or the RSI there will be a double bearish divergence formation. KEY TAKEAWAYS of Ascending Triangles. The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline. A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
OLong
by ScotianBot
Tesla Has an Outside DayTesla has obviously had an amazing run. This morning it spiked as high as $2,129, more than 900 percent above its 52-week low one year ago. But TSLA hasn’t held that level. Its high occurred in the first minute of trading, and prices quickly knifed under $1,940. That’s resulting in a large outside candle on the daily chart. This is a potential reversal pattern – especially when it occurs at a big round number like $2,000. Happening early on a Monday is also a potential sign of capitulation buying from retail investors submitting market buy orders over the weekend. TSLA’s stock split, which takes effect next Monday, August 31, is the big catalyst. While this can definitely be a positive for a high-flying technology name, the euphoria may be priced in after TSLA rose more than 50 percent on the news. (It was announced after the close on August 11.) Today’s candle is similar to the July 13 failed breakout (also on a Monday). TSLA and several other big Nasdaq stocks drifted for a month after that session. Traders may want to start looking for a deeper pullback in TSLA, and not buy the dip too quickly if sellers take charge.
NASDAQ:TSLA
by TradeStation
3
$RUN can fall in the next daysContextual immersion trading strategy idea. Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The demand for shares of the company still looks lower than the supply. This and other conditions can cause a fall in the share price in the next days. So I opened a short position from $36,55; stop-loss — $39,02. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:RUNShort
by KozakHlib
INTC , to Immediately Buy-while-still-Cheap? Is NASDAQ:INTC a great buy opportunity while still cheap ? Well let's find out . After the drop from around the 70 to less than 48 , this stock is much cheaper than it used to be and at the same time I think that there is still a bullish sentiment in the sens that the price is still above the green line . This , being an insufficient condition to buy, one has still to wait for a clear confirmation , which is price breaking above the 51,5-53.5 area with bullish strength (When the signal is valid I would update the post) . At that point there will be a much greater probability for the stock to break above the white line and recover from the drop .
NASDAQ:INTC
by StockAnalystPro
Alibaba: Entering an expansion phase towards $400.BABA is currently consolidating on the 1D chart (RSI = 59.048, MACD = 6.230, ADX = 19.815) but the important news of the month is that it broke in July two very bullish long-term patterns (the blue Channel Up and the dashed Higher Highs trend-line since Jan 2018) to the upside. This resembles the expansion phase that Alibaba had is 2017. If an identical +140% sequence is completed then it can make a new high around $400 by late 2020-early 2021. Our Target Zone when we'll start taking profits is 370.00 - 410.00. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:BABALong
by InvestingScope
$SHSP can fall in the next daysContextual immersion trading strategy idea. SharpSpring, Inc. operates as a cloud-based marketing technology company worldwide. The demand for shares of the company still looks lower than the supply. This and other conditions can cause a fall in the share price in the next days. So I opened a short position from $7,91; stop-loss — $8,86. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
SShort
by KozakHlib
4
Nasdaq sell - if price closes below -0.27 Fib extensionHello traders and analyst - we have been monitoring the Nasdaq and profit taking, but now it is time for a new outlook. Despite the obvious of the Nasdaq and technology sector growing throughout the V-shaped first demand zone hit back in March - the Nasdaq has reached its all time high. W formation: The Nasdaq ceiling of 11,000 was tapped and now a W formation has occurred at the top - what happens after a W formation? We have a sell to correct - as the extension will not be sustained. Also conducting a Wave pattern but applies - Wave 5 profits are now being completed. Fibonacci - Now what can we see - price is battling for the monthly close of -0.272% over extension - However, we can see price moving against this to close below. If price does not close below - await the next move on the August candle to verify further selling. Monthly low - March - 1.00 0.00 point is the Feb high So our technical view: as with the S&P, VIX it is the same scenario - where price has begun to complete a 5 wave target and now needs to break the rising channel which is also the supply zone. COT data - Long Shorts Total %Longs %Shorts Net Avg_13 13,697 9,948 23,645 58% 42% 3,749 Avg_20 13,598 9,699 23,297 58% 42% 3,899 Avg 50 14,545 10,071 24,616 59% 41% 4,474 Avg_130 14,566 10,037 24,604 59% 41% 4,529 Buyers keep looking to take out the stops of sellers but the shorts are creeping in now. let's await the 10,800-11,000 before assessing again. Same fundamental view from previous posts apply. Nothing has changed. A question, will the stimulus provide further support or is the show over? A reset is needed? Many thanks for all the likes and support. To any new followers, welcome and we hope we inform your trading needs. Thanks, Team Lupa
OANDA:NAS100USDShort
by LupaCapital
Facebook Just Had a Bullish Outside DayFacebook has lagged other big tech and FANG stocks recently. It’s up just 4 percent in the last month, less than half the gain of the Nasdaq-100 in the same period. One reason is that it was overbought after breaking out to new highs on May 20. It then reeled on news of an advertiser boycott last month, but quickly returned to its old range above the January highs. FB tried to break lower yesterday, but was defended below Friday’s lows. By the time 4pm ET rolled around, the social-media giant had established a new all-time closing high. It also printed a printed a bullish outside candle by eclipsing the previous high. That pattern could now signal FB’s recent neutral trend is ready to turn more bullish. Netflix climbed into its last earnings report. Will FB follow a similar path with results due next Wednesday, July 29? Additionally, this chart shows FB's 50-day simple moving average (SMA) and our Distance from MA custom script. Notice how it provided support last month and is now rising from the downside. It now has the potential to squeeze FB higher, especially after yesterday’s outside candle.
NASDAQ:METALong
by TradeStation
$WZR: Fintech hype+ Solid uptrendFA, - FinTech Revolution (WZR left behind while the punters bet on BNPL) - Loan origination spikes 48% in June 2020. Consistent uptrend - Wisr Ecosystem up 52% - 42.4 Million in Cash - Great vision: Improve financial wellness in Australians. - Strong support from NAB - Good management team including CEO Anthony Nantes - Cool name and logo ( It’s vital for long term success, Ask Peter Lynch) TA, - 5EMA and 10EMA above 150EMA - Bottom trendline of Strong uptrend - Ascending triangle( WZR has historically broken out higher from ascending triangles) - Volume consolidation - Strong monthly level support(white) - RSI not overbought (RSI<50)
ASX:WZRLong
by ashainp
JD.com: Pullback in Chinese Momentum StockThis one is short and simple: JD.com just had its first decent pullback since it started running in May. JD has a few things going for it. First, the Beijing-based e-commerce stock spent almost all of June consolidating on either side of $60. It ripped over that level after the Independence Day weekend and has now retraced that surge. Will the old resistance zone around $60 become support? Second, JD has tested and held its 21-day exponential moving average (EMA). The last time it did that was way back on May 6. Third is the relative strength . Money has streamed into Chinese technology stocks because of changes in global indexes and a quicker recovery from coronavirus.
NASDAQ:JDLong
by TradeStation
$CMCM can rise in the next daysContextual immersion trading strategy idea. Cheetah Mobile Inc. operates as a mobile Internet company. The demand for shares of the company still looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position from $2,71; stop-loss — $2,41. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:CMCMLong
by KozakHlib
Tesla: Our $1,270 target is hit. Time to start booking profits.More than 1 year ago we gave a buy recommendation on Tesla when the price was trading at $205 after a a sharp fall: Last January we upgraded our final Target for this cycle to $1,270: Despite the drawback due to the coronovirus lock-down, Tesla reached our long-term target and we've already closed all positions on that stock. We recommend long-term investors to do the same and focus on buying the next pull back. The reason is the RSI on the 1W chart which is not only overbought (RSI = 79.078, MACD = 184.820, ADX = 52.644) but it mainly reached the limitations of our pressure zones. As seen on the chart, the 1W RSI has entered the orange overbought zone, which back on the identical cycle of 2014, it rejected the price back towards the 1W MA50. When the RSI hit the red Buy Zone, TSLA had a buy signal again. We expect a similar behavior as so far this model has served us very well long term. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:TSLA
by InvestingScope
8
Not done yet - the Tech storyTech is still driving markets, valuations and sentiments up. Little doubt about it. This is also the only pillar holding the market up, as other sectors lag behind in a straggling manner that almost appears unwilling. Technically, the daily chart is Bullish, as is the weekly chart. In fact, it is so bullish that one might expect a breakout of an ascending triangle! Warning is to watch for the reversal and break down back into the triangle, as this is likely to fall out on the other end... downwards. The chart is marked for potential resistance and turning points, both in price and MACD. Meanwhile, (very cautiously) bullish for this week, make hay while the sun shines....
CME_MINI:NQ1!
by Auguraltrader
2