johninvest17

johninvest17

We closed below the trend line last week, can we get above it this week??? If we fail to do so, more selling will come and this could go for several days or weeks. The RSI indicator is still showing a downtrend and if we close below last week's low this week, (5893) it will trigger a sell signal with the TD sequential indicator. Furthermore, the MACD indicator...

johninvest17

Ethereum looking very close to breaking out.. Currently, chart patterns are forming a very nice "inverse head and shoulders" and a triangle. Technical indicators such as RSI and DMI are trending up, similar to the short term moving averages (20, 50). This is good for the bulls. Therefore, I think we would likely see $ETH breaking out to the upside instead of...

johninvest17

Northern Star, one of my favorite Gold stocks to invest in. I'll be looking to add more on the dip because we can see an ascending triangle forming on the weekly chart. Due to the current economic situations (COVID 19 and Gold prices going up), another breakout could be on its way and $NST could set a new all-time high in July or August.

johninvest17

We broke out of the downtrend today, I do think the price will fall in the next few days (profit taking) and then continue to go higher. Why? Because Newcrest is forming a very nice inverse head and shoulder pattern. Technical indicators such as moving averages, MACD, RSI, and DMI are looking good and on the bull's side. Furthermore, Silver and Gold prices...

johninvest17

Resmed looking good using the Heikin Ashi candles. Technical Indicators such as TD Sequential, MACD, RSI, and the Squeeze are showing positive signals for further upside and potential breakout. Why? The pulse signal (red dots) on the squeeze indicator is telling us a big move is coming. While the MACD indicator is about to cross and provide a buy signal. ...

johninvest17

Are we seeing the start of a downtrend for SPX500? Last week, we broke out of the rising wedge and gapped down. Currently, MACD, RSI, 2 Day "Rate of Change" and Filter wave are all showing bearish signals. Therefore, I am leaning towards the market to go down. If we close below 2934 (0.618 Fib retracement and 50 moving average), it is a CONFIRMED downtrend...

johninvest17 Updated 

For those that use the "Fib Speed Resistance Fan", our XJO hit 0.25 and retraced. Could we retrace back to the 0.382 in the coming days/weeks? Also, I wish I have found this earlier!! This has correctly forecasted the support line during the March lows. Furthermore, a good entry point for investing in the long term is when the " William R" is below the yellow...

johninvest17

The trend is your friend, Our stock market dropped because we hit the top of this regression channel again. Yesterday, I said I am expecting a pullback back to 5700-5800. It happened. I am staying bullish until this channel fails.

johninvest17

Bitcoin trading inside this triangle for a few days now. I think we could see a big move in the next 24-72 hours. I think we could follow the stock market. If the market closes the week in the red. Bitcoin will drop.

johninvest17 Updated 

The TD Sequential indicator is showing a red TD 9 (Sell Signal) and the RSI is showing the market is overbought and is due for a pullback. This is a healthy pullback, as long as ASX200 can stay above 5700 (5800* even better), I am expecting ASX200 to break out and keep going higher 6200+.

johninvest17

The Australian dollar has surged to pre-coronavirus levels after sinking to a 17-year low in March. I think we could see a short term top here because the TD Sequential is showing us a "Red 9", the RSI is at overbought and DMI is heading down. The purple line could be the top.

johninvest17

As long as Bitcoin can stay above 9k, I am expecting Ethererum to break out and keep going higher to $300-318. But this TD 9 sell signal should not be ignored because in the past it has correctly predicted a short term top in the price of $ETH.

johninvest17 Updated 

Once again, CSL has retraced back to the 50 weekly moving average after a recent high. In the past, the 50 moving average has become an excellent accumulation zone for investors. Could we see history repeating itself here?

johninvest17 Updated 

Once again, Woolworths is at the 200 moving average on the 2 Day chart with a buy signal activated on the MACD indicator (Top of chart). The last two times this has provided a great buying opportunity for long term investors. Could history repeat itself? I am not holding $WOW and I will wait for confirmation to add $WOW to my portfolio. For me, the...

johninvest17 Updated 

I am adding A2 Milk $A2M to my watchlist because of a potential bull flag break out in the coming days or week. If $XJO continues to go higher, this would increase the chances of an upward breakout.

johninvest17 Updated 

A sell signal activated using the MACD on my favorite 2 Day Chart. Could we see Bitcoin going back to 6800 in the next few days/week? Currently, I do believe the moving averages will act as strong support and we would not see Bitcoin falling to 6800. HOWEVER, the sell signal on the MACD should not be ignored because other indicator such as RSI and DMI are...

johninvest17 Updated 

TPG broke out of the triangle and a confirmed double bottom. The price is above all moving averages and now acting as support. MACD, RSI and DMI are looking good as well. I went long this morning with a stop loss just below the 200-day moving average (red line) --- TPG Telecom Limited is an Australian telecommunications and IT company that specialises in...

johninvest17

Northern Star Resources broke out the triangle this week just like Gold. $GOLD This increases the chances of $NST heading higher and maybe make a new all-time high in the next week or month.