So many reasons to love this daily chart.
inverse head and shoulder pattern
breakout and retest of downtrend line with decent volume
rsi bullish
macd looking to crossover bullish soon
great business overall
personally love podcasts
looking for an easy retracement back to its 0.618 at a PT of 334 by end of April.
Tech finished the week on a positive note.
TIGR stock gapped down today and clawed itself back up and is now sitting at a major resistance zone at 23.76.
Constructive consolidation IMO. We climbed around 23% yesterday - to close the next day only down 0.13% is bullish!
If the market as a whole can rally next week, PT is the gap fill to 30.49.
Expecting a...
On the 65m, candles are well over the Ichimoku cloud. We currently are on our way up after bouncing from the lower channel. With most tech falling these past weeks, BA has shown lots of relative strength and has managed to maintain its channel. imo very bullish. On the higher time frames 4HR, D and 3D are also over the clouds. Well positioned to do better near...
I see a bounce near term to 316 then 343 which would coincide with the top of the ichimoku cloud on the daily, but long term daily trend is pointing downwards. I expect a retracement down to 282 first, then 265. Daily candle also closed under the cloud with decent volume for the first time since covid crash which are very bearish signs.
Ideally, would like to see 65m candles outside and above the cloud within the next few days early by end of next week to confirm this idea.
Normally, price action in the ichimoku cloud shows indecision, but it's normal that we gapped down and fell into the clouds after the announcement of an offering. I see news like this as an opportunity to buy the dip.
On...
Wait for pullback entry, but this is a beautiful setup if you like easy money.
On the weekly, TSN has been trading under the weekly ichimoku cloud since the beginning of March 2020 and we have finally crossed over and bounce above the clouds with decent volume.
We have potential to get to the 0.786 at $83.26 by the end of month.
Long term price targets 74.53 -...
