cicatrace

cicatrace

Hello guys! Barrick Gold on the weekly looks pretty bullish. In context of Gold rising, there is no telling where Gold could top out. It's RSI keeps making higher highs and canceling most bearish divergences, and so I think Gold's prices could remain elevated for years to come.

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Hey guys! This setup looks too good to be true. I just bought some spot shares because this weekly bullish divergence is huge and when it does play out, this 7% dividend stock will rally and be a great hold for long term investors. This RSI divergence shows momentum trying to change, long term holders buying from short sellers and panic sellers. Also we can...

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Infrastructures, utilities and energy are very sensitive to interest rates as we saw in 2023. But this long term trend remains to be broken. The monthly RSI is at the 30% level now, the lowest level it has ever been. Price action started to bounce from there, creating a hidden bullish divergence (price making higher low while RSI making lower low). This stock is...

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Hey traders and investors! First and foremost I have to say I do not own any META shares right now but I am thinking of building a small position here and keep dollar cost averaging if it goes down to 100$. Here's why: Price action reached a very important swing high from 2016 of about 130$. There is a good chance there will be a bounce from this level, for...

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Chart speaks for itself. On Log scale, this parabola was momentarily lost in June of this year and then recaptured. Could this go higher? For sure. I sold my position and will be looking to buy back shares around the 26-30$ range where the bearish divergence started forming. On the good side of things, this whole setup could become a gigantic cup and handle...

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Pretty straight forward chart. If price makes a clear break above 505$, this inverse head and shoulders could take us all the way to a new all time high of about 840$. The fibonacci channel also confirms this as past resistance is now new support.

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Here we have a log scale monthly chart of SSYS. The 1.618 level at about 14,30$ will be a key level. If price can break above that and backtest it as support, there is a very high probability we see a large move to the upside. Just look at this bullish divergence from the low of January 2016, monthly RSI is now close to the 50% middle line as well. This stock has...

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Here we have Paypal on linear scale, multi month bullish divergence forming inside a falling wedge. As a contrarian, I like this setup. Interestingly, the RSI is soon going to backtest the neckline of an inverse head and shoulder pattern coming in at 24.90% level in the oversold area on the weekly timeframe. Should this be backtested as support, I believe Paypal...

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As you can see the angle of the divergence (the red trendlines) is very steep both ways, which means there is high volatility in this stock. I would not be buying here at this level unless it breaks the 100$ level and manages to hold it as support. It is almost overbought on the 4h00 so it would make sense for it to take a breather before trying to break the 100$...

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Just look at how far the purple line is from the yellow line on the monthly RSI. The US dollar is due for a correction. As you can see it shot up 12% from the neckline of this double bottom pattern which is the exact measured move and started retracing on the shorter timeframes from about 111.8. I could see it going higher maybe to 113 or even 115 but I think we...

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Call it what you want, double bottom, triple bottom, possible cup and handle... Resistance has now turned into support. Now the question is, how impulsive will this rally be, or are we going to consolidate further during the summer and create a handle? The measured move of the triangle/double bottom hasn't been reached which leads me to think this might become a...

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My opinion is that the bottom is in (atleast that's what the RSI is telling me(red circles)) but you always have to be prepared for max pain in these markets. I remain cautious and I see a lot of clear support levels if 19k doesn't hold. 16.3k and 14k are the max pain scenarios in the short term in my opinion, but nobody has a crystal ball. Price action is very...

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I think it's safe to say nobody knows where the bottom is. We could go to 20k, 12.5k or 25k could be the bottom. But I think it's also safe to say it is reasonable to start dollar cost averaging in the market soon. The weekly RSI is at 33 which historically is very low. But the true market bottom is usually around RSI 27 so there is probably still some downside...

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Back in Aug-September last year we broke down from a rising wedge that should have taken us down to around 3850-3900 on the S&P. But instead we just dipped a bit and made a new high in November. But these chart patterns can take time to play out. Later on we retested the bottom of that wedge and were rejected, that's when the correction really started. Now we...

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WBD is sitting way under the covid low, and this enormous bullish divergence is only getting bigger showing us that the circulating supply is being absorbed by long term holders. I am buying some shares for long term. I started buying at 13$, and now bought some at 12$, and will buy more at 11$ and 9.65$ if it reaches these levels. I believe the potential for...

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Here as you can see this asset is trading in this range ever since it topped in 2021 marked by the yellow parallel channel, plug power is forming this possible bull flag/handle that could potentially take this stock to new all time highs which seems impossible for now. But who knows what could happen with new hydrogen based technologies/engines. Hydrogen is the...

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It looks like the bond market is making lower lows, and China HSI as well. These are usually leading indicators telling us that risk on assets will also make lower lows. But I believe the end is near, as you can see on the chart. This could also be a max pain fakeout as we are back testing the downtrend line. So starting to dollar cost average into some risk on...

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For now this looks like a bullish retest of this triangle structure but obviously if we lose the weekly moving average as support we could go down to the bottom of the big multi year fib channel at approximately 115$ or even the pink moving average which is sitting at about 100$ which is the previous dot com bubble all time high. I consider these 2 areas very...