Aapl is at the top of it's recent trading range. MFI is over bought, with an obvious bearish divergence. RSI isn't quite over bought, but it's close. Stoch and Stoch RSI have been moving up and down with the recent peaks and troughs of price very reliably on the daily chart. They are both over bought and crossing. Volume has dropped off for the last several days....
IBM has been in a classic bear flag channel for a few weeks. It looks like we're breaking downwards now to complete the bear flag pattern.
I'm looking for a drop of about $40 from the top of the channel to somewhere in the $90-100 range. This is consistent with the methodology of the breakout from a flag is about equal to the price move leading to the flag. I...
Several things are pointing to a reversal if we hit the $6900 level:
Two powerful fib levels converge at an almost identical price; A .618 retracement of the last major high on 9/4, and a 1.618 extension from the last minor high on 9/14 come within a few dollars of each other, right in the $6910-$6925 area.
My favorite oscillator, the stoch RSI, is entering the...
I am seeing several things happening right now that are pointing to a reversal. Skip to the bottom if you prefer brevity :)
The first thing I'd like to point out is that every price peak has been at an almost perfect Fibonacci level ever since the ATH in December... double top in Feb/March was a .382, May was a .618, and July was a .618. My previous analysis was...
As many people have theorized, there appears to be a very large head and shoulders formation in the making.
Looking at yesterday's candle, I was thinking that there may be a 50/50 chance of either breaking out of this downtrend and starting another Bull cycle or completing a perfect right shoulder at $6870 (.382 retracement) which would lead into a major price...
It looks like we have a little (green) H&S that could be a setting up a big (orange) reverse H&S...
I will be keeping a close eye on $6140-$6300 level if the price drops from here to see if a reversal will be taking place.
I've posted before that I think we may be starting to see a turnaround in the crypto market and starting to slowly build into a long, slow...
Things are looking bullish.
First thing I see Is the bullish divergence that I've posted about before on the MFI and RSI on the daily chart. This essentially looks like the inverse of the Bearish divergence that was clearly visible on the apex of the bull market back in December.
The anemic volume is starting to show some strength. The 20 day moving average is...
Last week I published a chart showing bullish divergence with MFI, now there is both divergence on MFI and RSI on the daily chart. I was thinking that the price would rally starting last week, but obviously that did not happen. I'll be waiting for stochastic RSI to give a signal before looking for an entry point... right now it's trying to figure itself out. I am...
Pretty clear bullish divergence on the daily chart with MFI. We've already started a small rally but I think we have more room to the upside. See fibs for possible retracement levels... Previous support at 7035 and 8047 look like likely candidates for reversals. Punching through the .618 level around 8500 seems unlikely. Results from analyzing RSI were more...
On the weekly chart we are heading for the lowest volume week since February 2017 where the price closed at ~1350. I don't have any price targets for you or anything like that, but I just wanted to point out the apparent weakness of the current "rally".
Please do your own analysis to find entry/exits. Have a wonderful weekend!
