Emirhanhmc

Emirhanhmc Updated 

1) RSI will cut above its moving average soon but i will take position early because i applied 2 DEMA on prices(which are 5 period (red one) and 20 period (green one)). 2) When 2 DEMA cross each other i will take position a little bit early. 3) CCI cut above its moving average as you see but resistance line of CCI has not been broken yet. But next week it will be...

Emirhanhmc Updated 

As you see all indicators broke their resistance lines and new upper trend is occurring.

Emirhanhmc Updated 

1) I caught Chart Pattern which is called Symmetrical Triangle on RSI indicator. I drew a line and it shows that this security will sleep very long time to 2033. As you see resistance line of RSI worked very well in the past. It is coming from 2018 and it broke its resistance line already. RSI's 2 moving averages have not crossed yet and it is valid for sell...

Emirhanhmc

Island Reversal happened. It is strong chart pattern with huge volume bars.

Emirhanhmc

1) I drew Support Line in the past but it was broken many weeks ago. There was a pull back but prices could not exceed above the Resistance Line. It is still valid for Resistance Line. On the other hand, support line was broken and it is acting like Resistance Line. 2) I drew Resistance Line on RSI indicator and i drew a line there. In my opinion, it will decrease...

Emirhanhmc

1) In Technical Analysis Divergence(Negative = Sell, Positive = Buy) is very important and i found Positive Divergence on indicators such as CCI, RSI, Momentum. Price bottoms are decreasing but indicator bottoms are increasing it is description of Positive Divergence. 2) On RSI indicator, it is oversold area and i found important support horizontal lines on RSI...

Emirhanhmc

1) On weekly RSI is very close to break its resistance line and it is approximately 40 level. RSI's 2 moving averages have already cut each other and it gave buy sign to us. 2) As you saw i found chart pattern which is called Descending Triangle on Momentum Indicator. This chart pattern breaks its resistance line generally not always. In my opinion taking sign...

Emirhanhmc

1) Resistance line of RSI has been broken but we have to wait for at the end of this month's closing line. RSI's 2 moving averages will nearly cross each other. RSI is 32 level and it is oversold sign. 2) I drew support and resistance line on Momentum indicator and i applied SMA(8 period). They will cross each other soon but it is not exactly buy sign because it...

Emirhanhmc

1) RSI indicator dropped approximately 25 level and it gives us oversold sign but it is not so reliable indicator if it is strong upper or down trend. But its 2 moving averages will cross each other nearly. For very reliable buy sign we have to wait those moving averages. 2) Momentum's resistance line has been broken but this can be unreliable resistance line...