LONG PALANTIR Floor is being tested again at around 22 USD however the RSI indicator is showing that there has been an increased upward pressure In the last hourly sessions. Please be advised that once the price breakthrough the the breakout point on the graph, Palantir will would become a strong buy. Fundamentally, there is nothing wrong with the stock, it is...
Evidence of a head and shoulders pattern forming. Already developed shoulder and a head structure. Using FIB Retracement, designed a the first bottom that will decide the supporting line for the price in May 2021
Well to begin with, it is important to choose the correct time frame for you indicators. I assume we should look at this stock for no longer than 10 days. Both Force Index and Elders Force Indicate that the stock is currently overbought. PSR shows that there is still some room to capitalize on the upside, however looking at the volume it and the position of the...
Force index indicates that the last couple 1 hours sessions do not have a strong volume support behind. Approaching the the pricing where there is even lower volume, the stock is bound to fall through until it hits the first support . RSI indicates that is oversold , nevertheless, there is no evident sign that the indicator will be bouncing back out of that...
Just managed to confirm the Head and Shoulders pattern. It looks like the price has already gone through three peaks with the left shoulders lower than the middle one and the volumes decreasing with every peak.
As we are always trying to improve our strategies, we aim to ensure that we focus less on the indicators and more chart analysis and candlestick patterns. Here we are utilising two of the most common and yet strong filters. Volume analysis and trend line. GBP has been slowly retracing downward moving through several support lines as indicated by the graph. While...
BOLLINGER BANDS-Indicate that we are in the lower spectrum if the osciillation which leads to the price usually heading upward. Price is also hitting and hoovering around a famous 1433-1448 price range. If it breaks the 1448, we can expect a strong upward movement.Usually this is the region where institutional investors get involved. For more accuracy, add volume...
Both 38 and 20 EMA have crossed paths showing pushing the rate lower to a previous floor that was hit on 30th of July. That floor is bound to be tested again and that is probably where majority of the traders will step in to take advantage of the rally. RSI was lowered to 8 and allowed us to see that we have reached a bottom. Finally, using FIB, we were able to...
Indicators : EMA show that the 9 days EMA is about to cut right through under the 18 and 27 EMA respectively, showing a pick up in the movement. Previously, when the stock hit the recent bottom, according to FIB retracement, it ended up at 0.618 and then extended its gains based on FIB EXT also to 0.618. Following the same trend, and looking PSAR and EMA we it is...
Provided that the the price closure ended above the ceiling however, not extending its gains by much, there is a quick opportunity to short EURO. Despite the overall trand being bullish, it is evident that the growth appears to be in 3 stages, and we have reached a stage where the price is about to retrace just like it with the previous confirmation of the FIB...
Technical Analysis Chart: Shows that we are in an uptrend with the Standard ABCs of Elliot Wave definitely underlying the growth in the trend that is supported by the fundamentals deriving from Golds safe haven. EMA shows that there could be a slow down in growth however we are still able to hit our target of FIB 0.618 or 1908. MACD showing that we are at the...
FIB Retracement at 1510 Price has hit a ceiling
Using multiple Fib retracement graphs, it is evident that the price is retracing along the horizontal green line as seen on the graphj. Standard indicators of the uptrend are such as parabollic sar is and EMA are showing supporting this movememt. Using FIB extension, it is evident that the trend will reach its peak at the level of 0.618 or 1700 USD "Trade...
GBP has seen a recent up trend however using FIB ret we can indicate that this movement is to retrace at 0.618 with the new ceiling at 1.27943 PSAR is hitting a 20 day EMEA meaning that the trend upward has definitely run its course and with the MACD about to hit the top and reverse