DailyChartist

DailyChartist

1. RSI is in oversold zone and crosses 25 from below; 2. MACD histogram showing a slight turning slope to the North, lines still not crossed though; 3. Trend is still to the downside; Risky trade - SL:102.64, TP:106.134

DailyChartist

Point of control holds for now as the price found a support at the 200 MA (red curve). Volumes at that area are high and any attempt for the price to go lower will be met by a strong support. On the top levels - volumes are low and it's easy for bulls to push the price up. There isn't any activity of investors just closing their positions.

DailyChartist

Looking at the VIX seems that the market has calmed down since the first market closure. Calm to a point of complacency. This could be dangerous though, as seen before that these levels usually preceed a strong rise in volatility and a decline in the broader market.

DailyChartist

Demand staying steady even at the tops before the Holidays. Straight on the rally and aiming for a new high? Volumes are steady, zone held well and we have an opening with a bullish gap.

DailyChartist

We have a opening to the South with a runaway gap and a breach below the previous support. Way is open for a move down towards 240-241 zone.

DailyChartist

Since the first news that the US is going to ban Chinese companies to list on the US stock market, $BABA was one of the first to took the hit. This can be seen in the volume spikes when investors started to close their positions. The two uncovered gaps to the South are also making an impression. Volatility has calmed down since then as seen in the lower volume...

DailyChartist

First support floor reached. Current demand zone in the 362-364 zone. Looking at the volumes, activity is falling down since November. Last move down before a strong Christmas Rally?

DailyChartist

Coca - Cola is one of the best "blue chips" companies on Wall Street, so it's always a good idea to add it to your portfiolio. We have a clear uptrend after the price formed a bottom in the first Clousire. Company has payed out a dividend, so that's the spike in volume as traders were cashing in. Currently the price is in the middle of the trend, so it's not...

DailyChartist

Boeing has been trying to recover after the air industry was smacked to the ground by the pandemic. Since then, the results weren't expected to cover the forecasts of course, so the only current rise in the stock price is because of the pull form the broader market. Ignore the stats since they are heavily affected by the COVID-19 crisis. Recent days we see red...

DailyChartist

Hello traders! I am making a different approach to my charts now and concentrating on stocks (as I have always proffered them before any other instrument). As stocks are mainly driven by fundamentals - company or policy wise, I am going to use the awesome built-in tools from #TradingView in regards to a company analysis. I am using the most important key...

DailyChartist

Technical view: * A/D ratio on a small rise, but lagging with price - stepping into distribution phase; * Money Flows are slowing down, overbought territory * CM TOP/BOTTOM in strng ovebrought zone - top is forming; Fundamental view: * Brexit talks give no effect to the Pound (for now), rates also do not apply such an effect. Rates in UK are lower than in the...

DailyChartist

Technical view: * A/D ratio is descending - accumulation is slowing down and we have a big divergence with the price level; * Money flows are starting to turn south, as the capital outflow is following the A/D contraction; * CM top/bottom indicator is in extreme top zone (overbought); Fundamental view: * Covid - 19 situation in New Zealand is somewhat under...

DailyChartist

Technicaly: * CM top/bottom indicator signaling that a top is forming; * A/D ratio decending as accumulation is nearing its peak; * Money flows turning lower as money are going out of stocks; Fundamentally: * Labour market starts to hick up again as new Covid - 19 cases rise in the US; * Labour market cracks will weigh in on other economic indicators; * FED lower...

DailyChartist Updated 

Hello, dear Traders and readers of mine! Hope you're all well and as well that you're prepared for today's great excitement - the US Presidential Elections. I am posting an idea to short BTC for the near-term interval. Aggressive sell here, because we have a descending divergence between DeM and the price and DeM is moving below the 0.7 level, triggering a sell...

DailyChartist

My trading philosophy As each art, trading is also a craft that requires knowledge, skills and discipline. All of these three aspects of every craft form a philosophy that is individual for everyone. You actions, decisions, thinking and idea - birth process will revolve around that philosophy. As practise comes it forms principles and a routine. Being a...

DailyChartist

The DeMarker indicator, also known as DeM, is a technical analysis tool that compares the most recent maximum and minimum prices to the previous period's equivalent price to measure the demand of the underlying asset. From this comparison, it aims to assess the directional bias of the market. It is a member of the oscillator family of technical indicators and...

DailyChartist

Hello, dear Traders! Hope you are all well and trading is profitable. The Euro remains still under strong pressure and USD strength is gaining, especially before the US Presidential Elections. The long-term downtrend has been tested in July and since then pair is stuck in a side-ways movement. Recent strong moves down are accelerated with the ongoing Covid crisis...

DailyChartist

Hello, dear Traders! Hope trading is going very well in these troubling times! Finding opportunities to trade in these uncertain moments is also very hard. EUR/CHF - long-term downtrend with Swiss's strength growing long since the Covid crisis. Price has touched down on the 200 MA after the last correction and here are two potential scenarios that may play...