Zman1175

Zman1175

Hidden bullish divergence exists for SHIBA INU on the 4 hour chart. This is indicated by a higher low on the price chart while the RSI shows a lower low. This setup typically results in an increase in price. Of course, there are no guarantees, but I have observed this to be the case most of the time. If the price does move higher and the RSI crosses above the 50...

Zman1175

The stock is showing a strong green day which could be the start of a breakout from the current bull flag formation. First Solar's (FSLR) fundamentals support this thesis. The company has a large backlog which will take multiple years to work through. It can be cheaper to build and run a solar plant than it is to buy gas for existing natural gas power plants....

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I zoomed all the way out to the monthly chart to show the long-term support levels. We can see that HBIO is bouncing higher from a multi-year support level in the $2 range. The MACD (middle of the chart) didn't confirm an upward trend yet. However, the MACD did confirm the upward trend on the weekly chart. It looks like the blue monthly MACD line is close to...

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United Airlines (UAL) stock recently dipped over 20% as a result of poor guidance for Q1. The company over estimated for Q1. However, United is positive for Q2 based on bookings. So, if they were to lower guidance for Q2 and the rest of the year, I would say the sell off might be justified. However, that is not the case. UAL's EPS projections remain $10 to $12 for...

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Visa (V) is poised for strong double-digit earnings growth as the global trend of cashless transactions continues. The stock is valued attractively based on multiple years of growth. Visa's stock is likely to outperform over the long-term based on valuation, growth, and earnings upgrades. Visa's daily chart above shows a positive upward trend. The stock recently...

Zman1175

I am bullish on United Rentals (URI) for the long-term looking 3 to 5 years ahead. The company has great fundamentals and is holding up well in this environment where we could see a recession in the U.S. in 2023. URI just reported a positive Q4 earnings with a strong outlook. The technicals show an overbought condition on the 1 day chart. So, I am anticipating a...

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Bitcoin looks like it is beginning to drop from an overbought condition on the 1 day chart. There is bearish divergence as the price increased while the RSI declined. The MACD just made a bearish crossover to the downside. This could be the beginning of a sharp correction. The same is happening with ETH and other alt coins.

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Ethereum could be ready to move lower as the daily chart shows the MACD with a bearish crossover. The RSI also began a new downtrend. Bitcoin is close to turning over on the MACD, but it didn't happen yet. We could see a bigger drop over the next few days into next week. Of course, we'll have to see how the market interprets the Feds meeting on 1/31 and 2/1.

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After the day's sell-off, COMP is recovering. The bullish divergence (RSI making a higher high and price making a lower low) shows that the price is likely to rise from here. The blue MACD line crossed above the orange signal line, indicating a change in trend. The price may rise to the recent 57 to 58 level. Potential short-term gain: 3% to 5%. No guarantees...

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The daily chart of the US dollar (DXY) shows bearish divergence. This occurs when there is a higher high in the price and a lower high on the RSI over the same time period. The blue MACD line also crossed below the red signal line, indicating a change in trend to negative for the dollar. This set up indicates that the price of the dollar could fall further to an...

Zman1175

Although the action in the stock market has been bearish and we could be in the beginning stages of a longer-term bear market, there is now a bullish divergence on the SPY daily chart. This occurs when the RSI inclines upward while the price declined further downward. The price action typically increases from a near oversold level to higher levels when this...

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Nobody knows where the price DOGE is going, but the current indicators on the 15-minute chart are bullish. The price is bouncing higher from support in the low .14 area. The RSI recently broke past 40 & is heading for 50. The MACD turned green on the histogram and the green MACD line recently broke above the red signal line. The expectation is for the price to...

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Ford's chart is showing bullish divergence as the stock price decreased but the RSI and MACD have increased. This suggests that the stock may have bottomed out and is poised for a rebound. Ford has a positive growth catalyst with its electric vehicle line-up: F-150 Lightning, Mustang Mach E, and E-Transit van. The company also produces hybrids. The EVs and...

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Meta Platforms took a big hit after earnings. Earnings estimates were lowered for 2022 over the past 90 days. However, the valuation is now attractive and the stock is oversold. Ultimately, a positive catalyst is needed to prevent the stock from underperforming and to start a new uptrend. This may take some time since investors will want to see the new efforts for...

Zman1175

Although Ethereum's price has been making lower lows on the 1 hr. chart, the RSI has been making higher lows. This is positive divergence and suggests a possible reversal to the upside. If the price moves above the 4050 area, it may head towards 4200 to 4300.