The recent price action for NYSE:UBER has been characterized by a series of red candlesticks, indicative of sustained selling pressure, followed by the formation of a doji candlestick, signaling indecision or a weakening bearish momentum. Today, NYSE:UBER closed with a strong bullish green candle, well above the midpoint of the previous red candlesticks,...
TSX:SU failed to break pass the resistance line at around $41.80~, the very low MACD is also starting to cross over and it looks like it is bouncing perfectly right off the Bollinger Band. Good long opportunity here until it needs to make a decision at the previous support trend line around the $47 mark.
AMD is currently in a bear market with a clear falling wedge pattern. Many signals saying to sell, MACD crossover, 12 day EMA crossed under the 26 day EMA .
Personally I wouldn't open a position here as it is in the middle of the resistance and support lines. Possible opportunities will open up once it hits the support line, long if it bounces, or short if it...
Ended the day off with a huge hammer signalling a move up, MACD is also making moves for a crossover, TD could possibly be making a move up to test the strong resistance @ $75.
Be careful though, TD is currently in a bearish state, the resistance has already been tested a total of three times, forming a triple top. However, I think a scalp here is certainly...
$WJA showing signs of a reversal forming, bouncing right off the strong support at 23.50~ and bottom of the ascending channel, while simultaneously touching the bottom Bollinger Band. Daily MACD also crossing over.
Overall, $WJA showing very strong buying signals for the short term trader.
$SHOP nearing the top of its ascending channel, touching the top Bollinger band and MACD and RSI approaching levels where historically they start to reverse. Could be a potential opportunity for a short term short, possibly next week or end of this week.
I would wait for a clear trend reversal before committing to a short.
Let me know what you guys think, would...
