$BTC - after several times of trying to break out from its descending triangle pattern, it went back to its major support area and currently trading within that range. This seems to be a buy zone for some position traders but for a more conservative trader, breakout from the pattern would be their best entry.
$1810 - currently trading within the descending triangle with a potential double bottom pattern because of the support area at 8.30 to 8.40. Could be a good opportunity for those who will be entering a new position as the chart is showing me signs of a healthy bottom.For conservative traders, breakout from the descending triangle would be the best entry. *Not a...
$CVS is now showing signs of reversal as it pierces above 200-day SMA. It will probably consolidate to form its first base prior to its upward movement. One of the undervalued stocks out there.
Bounces on the support and price action starts stabilizing while RSI is slowly going up.
$LYFT just broke out from its immediate resistance level. Needs to stay above 64 level for breakout confirmation.
$NVDA is showing good price action as it forms higher highs and higher lows. Now, it is sitting above MA20 after its pullback. Possible upside is around 8% from its historical resistance.
$OIL is now forming a falling wedge pattern while showing a bullish rsi divergence. Support area is at 49-50 levels. Conservative entry is on breakout from its falling wedge pattern.
After consistently monitoring the movement of $CMCSA, it just did a breakout from its range and is now sitting above MA20 acting as its current support, EMA10 is about to cross above MA20, while RSI is at 57 level.
$BABA is currently showing good price action as it forms higher highs and higher lows after its breakout from downward movement. Good bounce after a healthy pullback and currently sitting above MA20. Next resistance is at 186 level with a potential profit of around 16%.
$BTC finally reached its 9000 mark. Let's see if it sustains on its breakout since we are seeing low volume right now.
$CMCSA is still consolidating within its range but we might see a potential breakout since it is showing above average volumes for the past trading days while RSI is at 54 level which is a good sign.
$SMSN is showing that people are accumulating since there is almost no change in price but volumes for the past trading days are increasing. Still sitting above MA20, a very low-risk entry for position traders.
$NATGAS after forming three white soldiers pattern as a sign of reversal, it made a pullback and is now giving a buy signal with a bounce on 2.30 level while showing a bullish candlestick. RSI is also showing a bullish divergence.
$DIS did a breakout from its consolidation. Last trading day, it closes on a red doji candle. Let's see if it will confirm its breakout if it stays and bounces above 140 level.
$FB is now on my watchlist when it did a breakout on its short term downward trend. Waiting for a minor pullback and low-risk entry near MA20 in confluence with 178 current support level.