Buy volume spotted at all time high on 26th May. Price range act as a support and we could see the next low was unable to close below the high volume day price range. High probability of a trend reversal with price supported above 50ema.
Volume could be seen at 1yr high. Would will see a trend reversal before this quarter ends ? High likely as price could be seen supporting at the 50ema too.
Currently, we are seeing the ema 200 holding strongly. With the new variant detected, we might see further drop if price is unable to clear above 52-54 level in the coming weeks. The trend is still a strong upward trend. It is a good buy and hold area, but expect volatility in the upcoming few weeks.
Healthy accumulation volume for past 3 months. Trend changing on the way. Still below ema. Really good time to load up.
Head and shoulder set up retracement. Lower High Lower Low set up. Target 0.7
Inverse head and shoulder pattern with volume acting as support. Smoothing of 50 ema, and approaching 200ema soon. Probably a good time to add when there is near retracement Near term target price: 560 ~
Bottomed out on 18th May 2021. Might be possible to hit 300 ? Strong volume at the shoulders support level.
Rounding double bottom with divine crossover? Price is well supported settling at the 50ema. Accumulating buy volume for the past year. Might shoot up anytime soon. Patience.
40 dollar well supported at 50ema and double bottom formation. Trend continuation. Next resistance level is 48 and then 50. Price bounces off the 50 ema too in the weekly chart. Bullish setup
Note to self. Add positioning. Heavy volume with arkk.
definitely a good price to long now. Note to self.
NOTE TO SELF. Price was able to close above 139 last week. This week retracement was supported well at 137.7 level. Uptrend continuation. Long with 1:1 risk ratio.
Healthy uptrend with 40% retracement with a bullish pin bar and heavy buying volume entry signal. It is a good buy and hold stock.
Typical textbook entry. Will you take this trade? Let me know below. ?
MGM is making a higher high higher low structure. Healthy volume can be seen with the uptrend. Price was supported at 50 EMA with the Thursday retracement. I expect more potential downside this coming week with the last week bearish engulfing close. 6-17 is a good low risk long entry. Have patience and trade well.
Interesting setup coming up. Let's watch 160 to see if price fails to break above this level continuously . We might be lower price level soon to come if price fails to break above 160 level. Typical head and shoulder set up.
We can see multiple rejections at 24560 region with series of LHLL market structure. If price fails to defend at 23000 area, we should expect the bear market to continue. TImeStamp: 16 April 2020 11:32AM Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree...
WIth HHHL made, I expect this week to be green. Pure technical setup. 1st area 2750