There is a context in the current market correction that has rarely been mentioned by commentators. Since 2010, the SPX 500 has been continuing nicely in a firm bull channel up until the start of the pandemic in 2020. After the shock of the COVID-19 lockdowns, the index accelerated in growth from May 2020, hitting an all-time high in January 2022. Arguably has...
Approaching resistance at $5.50, so be careful.
Yes, $BABA is racing up, but expect at least a pause when it gets there.
This post-earnings action is very stable for $SOGO. Double-bottom formed, supported by 50/250 DMAs about to form golden cross. Bull pattern.
Finally after going sideways in a channel for 8 months, it's broken out. $35 is the next major resistance.
$4.76 is the support.
Once again, watch out for a breakout above $5.50.
Target $5.50 and if that breaks, should head north again.
Seriously though, a break above $32.58 looks good.
Above rising 50 & 200 DMAs. Pop above $180.50 being watched.
either way, it's a bullish signal with above average volumes behind it. Closing above 200DMA.
Needs to settle now. Back above 200DMA, so hopefully will consolidate.
Needs to beat the 18 Jun intraday high of 4.36 to really stand a chance of a reversal.
I harped on about it being ridiculous for ages, and then Trump delivered...
Not perfectly neat but looks like it could be a positive setup.
Supported by channel and bottom Bollinger band, but it does look like it wants to head south.