JMIA has been consolidating in a $7 to $9 price channel for a while, with $7 a particularly important level providing previous resistance and support.
MACD is starting to come up and TTM Squeeze is looking bullish, and there have been a couple of bullish dragonfly dojis over the past few days. If MACD confirms by crossing the zero line then the squeeze should...
$49 has been an important price level since mid-Feb when it provided resistance for an all time high.
The same $49 level provided strong resistance for the rising wedge , except for a couple of fakeouts marking $51.50 as the new all time high.
Both levels have remained important. $49 was retested shortly after the breakout of the rising wedge . $51.50 provided...
AMD has been consolidating in a descending wedge pattern over the last entire month. This could be considered bullish or bearish depending on where you consider the wedge to start, but I'm bullish for the following reasons:
- breakout candle broke UP not DOWN out of the wedge
- breakout candle opened and closed above the 50 ema
- sellers have been losing steam...
I'm seeing lots of bullish signals on the daily chart:
- ton of previous support around $80
- 50 EMA came up to ride that $80 support for several days
- MACD trending upward, MACD line may cross signal line upward in a few days?
- Thu/Fri formed a bullflag, price target around $98
- earnings gap that could be filled, price target $107.50
- pattern of higher...
Recent breakout and retest has formed a bull flag from approximately $150 to $160.
The 20 EMA rose up to meet previous resistance exactly at the retest, with a strong bullish candlestick pattern suggesting confirmation of new daily support.
Daily MACD (not shown) is slightly bearish but most lower and higher time frames are bullish.
If the bull flag holds and...
Summary: I am bearish over the next 6 months, but extremely bullish beyond that.
Looking at the SPX Monthly chart:
Volatility has been increasing since ~Jan 2018 (see ATR). SPX bounced off of the 20 EMA, then 50 EMA, then 100 EMA as supports, even as it formed new highs. If the pattern holds, we could retest the 200 EMA as well.
Staying in the price channel, we...
Summary: $DAL has been consolidating in a symmetric triangle pattern throughout June, with descending volume and pretty decent framing by the EMAs. This is likely a bullish continuation coming off of the May lows, with a gap above that still needs to be filled.
20 and 50 EMAs are both bullish, and have provided support for the triangle price channel.
Today and...
EEM has been steadily consolidating toward $48 for months, but on 5/1-5/2 broke out of that conslidation DOWNward. First price target $45 based on support/resistance and triangle area, if it breaks that then next strong support is not until ~$44.15.
Recent consolidation after BTC's recent price jumps has triggered the TTM Squeeze indicator - pressure is building and it seems to be in an upward direction. If a candle opens and closes above the middle support/resistance line, there could be large short-term gains.
