Just noticed big head and shoulders pattern on $CRWD. One of Tweeter darlings so no doubt it will be deemed too obvious. Just like $PTON was. If it plays out, rough times for Cybersecurity ahead.
Possibly big bear flag. 2018 High seems like an obvious target but seems even heavier than that. We shall see.
Distribution before another leg down. A lot of volume done in this area pre-covid. If it goes through this thing could undercut covid low.
$BABA lower makes sense at least to pick up all the stop losses under 108, but personally I believe it goes lower than that. We shall see.
$FUTU possible bear flag in making. One more leg down?
Bearish divergence on 4h chart, and price close to top of broadening formation. Maybe time to visit the low.
Which ever way I look at ETHBUSD pair to me it looks like it has to go lower short to intermediate term. Long term I'm still very bullish but will let price action dictate my next entry.
Just an interesting point we are in that I noted on TLT/SPX chart. Seems like ratio is curling up after hitting the trendline and there is a possible bullish divergence on RSI.
Very strong stock that is getting beaten down lately. FUTU had a stellar Earnings report but has gone up a lot in last year so consolidation was expected. Both support lines are 100% projections from previous corrections. First one around 117 was undercut so I believe price will go down to 100$ and than bounce back to ATH. This is not an investment advice, just...
A lot of News driving this one unfortunately so difficult to guess what could happen, but fundamentally this is probably one of the most undervalued Enterprise companies out there. Right now it's right at the long term rising trend line support and it touched and bounced off of previous resistance now support around 220. Previous two times it bounced back after...
I can also see cup and handle on a Monthly chart which is why I wouldn't trade Gold either way at the moment. It's above Weekly SMA40 and I wouldn't short it for sure as long as that it the case. It's still holding VWAP from ATH as well. Reason why I publish this idea is to be able to follow the price nothing more, it is not an investment advice of any kind, I'm a...