1. DAL closed as a doji candlestick right off support on the symmetrical triangle (purple line) and as well as off a horizontal support line ($22.19). 2. While we see a horizontal support line @ 22.19, the RSI is showing an up trending support line starting from 4/06... bullish divergence! 3. Zooming into the 3H chart, we see a bullish piercing candlestick...
I currently have fib retracement drawn on the hourly chart from Feb's highs. SNAP has retraced ~50% (currently below). SNAP has formed a double bottom before creating a bullish englufing pattern (4/16 -- 3:30) before ending the day with a weak red candle stick (lots of volume and very little price action). We see price flirting around the PIVOT LINE @ 12.93...
Visa is an uptrend Bullish pennant on the 15M chart Bullish candlestick pattern on 15M chart with last candlestick closing above the 8MA. Bullish engulfing on the 5M chart MACD crossed UP on the 5M For all these reasons i plan to scalp Visa on the bullish pennant BREAKOUT with volume!! LETS SEE WHAT TMW BRINGS! Please feel free to leave insight, it is always welcomed!
MSFT has been forming a bear flag beginning 3/16 (4H). At this point in time, MSFT seems to be consolidating at support. Zooming into the 30M frame, we see yet another bear flag forming within (green trend lines). It can possible attempt to retest before falling to 150 fully forming a head and shoulders pattern. Market: Trending UP Area: Flirting with pivot line...
There was a false breakout at a strong resistance point (@28.86). We see the stock get rejected @ 30.92. I believe it is going thru a small retrace (with the last candle stick having low selling volume) - potentially to 26.41, if not much sooner @ 27.14 - where investors who entered call options ~20 are more than likely cashing out on profits. I plan to catch...
based on the chart presented above: ABBV closed on a nice spinning top candle stick, with divergence between oscillators and stock's lower lows. If stock takes purple trend line (resistance) ill buy an small ITM position
At a quick glimpse, we see divergence between stock and indicators. Stock's price trend is on a downward slope (red line) OBV, MACD, and RSI are all trending upwards (violet lines), with RSI gradually coming out of oversold levels (30 or below) This difference in trend direction tells us there is bullish sentiment behind KO - meaning investors believe KO is at...
All indicators (OBV, MACD, RSI) have bullish upward trend going on, with the RSI indicator @ ~38, slowly coming out of oversold levels Furthermore, there is a beautiful hammer candlestick right off the 8MA (green line) - which could indicate that buyers are ending their rest and starting to buy the stock again - followed by very low selling volume. Because of...
ZM has recently hit all time highs @ 135.98 followed by a gradual decline to 130.55. We see a clear divergence in trend between stock (white arrow), MACD, and RSI (red arrows). There is an opportunity to scalp puts to 121.87, before going long to 114 (see 15M chart) - I plan to buy ITM puts if ZM breaks and holds below 127.99 and TP profits at 40% profit or...
Price consolidating inside the bearish flag formation, a pop in any direction could happen, most likely up due to low selling volume.Though this is a bearish flag formation, there is divergence among the indicators and top downward trend line. $SAVE could break above the 8MA @8.64 and out of the triangle to 10.46 and potentially testing 21MA @ 11.08. Would love...
ROKU is forming a bullish flag with all indicators (OBV, MACD, RSI) trending upward. If ROKU takes the upper green trend line, I believe it will hit two personal price points for me: 1. $76.50 2. $70.00 Before retracing. Feel free to leave any comments or insights. Anything is greatly appreciate!
Follow up on previous trade idea - as predicted, PINS broke resistance and ran!