Consistent_Trades

Consistent_Trades Updated 

NUS daily - even though NUS is above BigRed (200 days MA) is close to a breakout of a big rising wenge which is a very bearish pattern. Volume is neutral to bearish because this whole leg up is on volume below 20 days average volume. At the moment NUS is above all major MA (8, 20, 50, and 200) which is bullish. RSI is in the mid to oversold area which could...

Consistent_Trades Updated 

BSM daily - is on side of the falling wedge pattern which is a very bullish pattern . The last several days' volume decreased while we are at BigRed (200 days MA) which indicates a strong move. BSM is below all major MA, while volume is pretty low the last few days. RSI is neutral with slight bullish divergence , meaning price is falling while relative strength...

Consistent_Trades Updated 

SPY daily is at major resistance both on daily and weekly chart. Price is at BigRed (200 days MA) and at falling upper channel trend line which two lines will likely act as strong resistance. SPY need same great news from earnings to forget all issue about inflation and to start moving up in new bull market after year of correction. SPY is also in a bearish SHS...

Consistent_Trades

NVDA is bearish fundamental stock and therefore would be traded in on a short position. NVDA daily is a big symmetrical triangle that lasts from August 2022. Price found resistance at the upper blue dotted line and fell. Until the price doesn't break out of a symmetrical triangle it is neutral with the possibility of a short position at the moment. Volume did...

Consistent_Trades

BIDU is more bearing than bullish fundamental stock, therefore we would trade it mostly on a short position. BIDU daily is in a big up channel with a high possibility of channel breakout. Price went into the area of resistance and got rejected. Volume is ticking much higher on price fall which is bearish. RSI after strong divergences starts to fall further....

Consistent_Trades Updated 

TSLA is still in a big down channel/falling wedge. Even price fell very strongly, it didn't bounce as expected which indicates big investors defend the 100$ price but don't want to pay more for now. It is at major resistance now, 20 days MA (green lčine) and upper line from Chanel. Volume is still very strong which is a sign of capitulation and a possible...

Consistent_Trades

Ethereum did break out of the symmetrical triangle after such a strong leg down. At the moment its basing just below red dotted line which was marked as resistance in last report/analyse. Volume was increased at the breakout what was bullish, while now its base/consolidate on smaller volume what is also bullish because its indicate there is no enough sellers at...

Consistent_Trades

Bitcoin daily - likely pull back Bitcoin did break out from wedge pattern and it was on big volume what is bullish. However at the moment Bitcoin is at major resistance, or FTX collapse high. It is basing and it will need lot of volume to continue up trend. Volume in that breakout was much bigger than 20 days average volume what is very bullish. RSI is way to...

Consistent_Trades Updated 

SBOW daily - is in a falling wedge which could be a very bullish and powerful pattern. Volume is weak as it is below 20 days average which is bearish. SBOW is below all major MA which is also bearish. RSI is neutral with a slight bullish divergence meaning the price is falling or at the same level while relative strength is not what is bullish. MACD has also a...

Consistent_Trades Updated 

On weekly, BTCUSD is a falling wedge pattern which is an extremely bullish pattern but only when there is a breakout. Consolidation in the last 8 weeks is on decreasing volume which could be signed BTCUSD didn't have a bottom and the direction of the market will continue. Volume is decreasing which after so strong leg down is more bearish than bullish. RSI has a...

Consistent_Trades Updated 

TSLA is in a very strong decline/down trend. On Friday we gaped down hard close to round number (100$) where TSLA found a lot of buyers and the rest of the day it move up and closed 2.5% up which is a sign of strong bullish momentum. It is very likely institutional players bought up prices from the 100$ level. All that was confirmed with very strong volume,...

Consistent_Trades Updated 

AAPL daily - was in a large symmetrical triangle that it broke on Dec. 16. On 21 Dec AAPL retested that symmetrical triangle, lower trend line (blue), 8 MA, and failed. Now the price consolidates with Friday's strong bullish move. Price closed above 8 MA which is bullish. AAPL is still below major MA (20, 50, and 200) which is bearish. Volume confirmed price move...

Consistent_Trades

XLF indicates two possible patterns, bullish and bearish. For a bullish option it develops a large inverted SHS pattern, while for a bearish one it develops a rising wedge. The last trading day last week price gaped down due to bad financial reports, however the day closed in the positive with solid volume which is bullish. The RSI is in overbought territory and...

Consistent_Trades

The QQQ is in a large descending/falling wedge pattern. In the last few days, the price has increased in accordance with the expectations from the previous analysis and has crossed the Fib 0.5 and is moving towards 0.618. The volume is more bearish than bullish as it is around the 20 day average therefore does not confirm completely the growth of the index. The...

Consistent_Trades

WRB is a strong/bullish fundamental stock and therefore would be traded only in a long position. WRB daily - is in a nice and big symmetrical triangle after leg up which is very bullish. Volume is lower which indicates there is no seller at the moment and the price consolidates at that level which is also bullish. Price is moving closer and closer to the end of...

Consistent_Trades

AMZN daily - is at major resistance. Actually, it breaks out of a falling wedge which is bullish. Volume is increasing which is also bullish. Moves out of the pattern would be strong and fast. However, RSI is close to overbought territory. MACD is moving up strongly, histogram tick is moving strongly while the MACD line is already above zero line while the signal...

Consistent_Trades

AAPL daily - is in the down channel. I pop up as we assess it will last week and now AAPL is at resistance. It bounces to the resistance line, FIB 0.382 and it is going towards FIB 0.5. Also, there is a red falling trend line which will act as strong resistance plus there will be 50 days MA which will also act as resistance. Volume is weak in comparison with the...

Consistent_Trades

EL is weak/bearish fundamental stock therefore would be traded only on the short side. EL daily - is in rising wedge formation which is one the most bearish pattern. At the moment the price is basing above all major MA which is bullish with decreasing volume. On the other side, the price is at the resistance block which is more bearish than bullish. RSI is...