Daily Chart Analysis ADAUSD is currently in a downtrend. Pulling back to a previous resistance level. My entry to take swing trade to previous support level. Swing trade Entry: 1.48 Stop loss: 1.61 Target: 1.187
Strong Uptrend between October 13- November 5th. Price moved up with momentum. 20day moving avg was broken which sent price into consolidation in inform if Triangle. Price broke upwards out of triangle to make all time highs but price moved up but momentum didn't flashing weakness in trend. This weakness caused price to start moving sideways and then broke down...
This one is pretty straight up. AAPL in uptrend and found support at 168 and resistance at 181. Clear swing trade here. Entry: 172.25 Exit: 180 Stoploss: 166.80
Costco the heavyweight. One of the stocks that holds up NASDAQ Daily Chart analysis COST has been and a long-term uptrend since 2010 – 2011. Price is current just below 50ema . It has also found support around area 514. Today it looks like we will be finishing the day with a dragonfly doji at support. Stochastic is also in oversold status I will be looking to...
After making some folks a lot of money and a lot of hype following, SHIB has cooled off. Daily Chart Analysis After breaking out of an ascending triangle, SHIB made a 180% move in 5 days topping out at 0.00008880. From there we saw a series of lower highs into support level @ 4845. In Nov ’21, it broke down from support, pulled back and turned support into...
ZNGA – After being in an uptrend that stretched from Feb. ’19 thru Feb. ’21, Price entered a Distribution Phase supported by 9.86 level. Price broke down from this level in Aug. ’21 and a Death Cross further confirmed the bearish market. Price then entered a downtrend respecting 50ema. Price has bounce off 50ema. Entering trade with stoploss just above 50ema. ...
Daily - Long term uptrend respecting 200ema Price entered Accumulation Phase ranging side-ways between Sept. ’20 – Jul. ’21 finding Support @ $74 and Resistance @ $94. Price breaks out end of Jul. ’20 to high of $122 then pulls back in form of a Bull Flag. Price then finds Support from 50ema where it bounces and continues Uptrend. Price has now proven to have...
This one is a fun one. Daily and 15min chart review. On daily you can see classic cup and handle. Price broke out from neckline and pulled back to neckline looking to turn previous resistance into support. Also has respect from 200 ema. On the 15min, you see the pullback is still "pulling" back as downtrend has yet to be broken. We did get 2 price rejections at...
If you missed out on buying the bottom @ $135, you have an entry on a beautiful breakout from an Accumulation stage. Now we have small candles with little momentum at the end of a pullback with an "oversold" stochastic. Price should hold 50ema and start new uptrend. Entry: Current price Stop: Trailing 50ema Exit: Trailing 50ema
4HR chart analysis Price has been in a descending triangle with multiple tops. On 12/14/21, price breaks down creating shorting play. Price suddenly reverses and makes a sharp move back into the descending triangle. Here we have our 1st Price rejection of lower prices making the initial breakdown from descending triangle a “false” breakdown. From here, price...
SBUX Daily chart analysis We are currently still in a long-term uptrend respecting the 200ema. Price was in an Uptrend channel between April 2020 – August 2021. Price broke out of the channel and went into what looks like a correction channel that is has been respecting end of August 2021 – December 2021. Price had a false breakout early December to only fall...
Daily chart analysis SBUX. After a sharp move down, Price is currently overextended from it moving averages. Stochastic is in oversold status Inverted hammer yesterday at support area and today it looks like we will be finishing as a doji. This is my entry signal. Will look at smaller time frame for entry Looking to take swing trade to 116 15 min Chart...
5 min Chart analysis Day trade idea NKE ranging between 147-150. Price broke out and pulled back to support. This is my entry. Entry: 151.70 Stop loss: 149.70 Target: trail 10ema
Nasdaq with the unexpected retest of the bottom of the price channel. Surprising the moving averages did not catch price and prevented it from falling back down to bottom of channel again. This was a sharp move down and hopefully we start to see small reversal candles at support or buyers come in and have a strong bounce off support. Last line of support. Its been...
NASDAQ in a beautiful channel. Currently, price is at the bottom of channel and stochastic in oversold area. The dip was a Christmas gift . Buy and buy with confidence. Always have those stop-losses in place. Happy holidays.
On monthly chart, In price channel between $40 and $83 with a mid-range support/resistance level of $61.50. Brice broke out of channel in 12/2020 just to break back into it on 08/2021. We are now at the mid-rang level of $61.50. Will look into the lower timeframe to see if there is an opportunity to enter at this 61.50 level. 1HR chart Price is still in...
After Breakout min Nov, Price peak @ 5.50 lost momentum with previous highs as seen in price divergence with MACD . This was followed by Double Top and break of Uptrend Trendline. Price dipped to 2.61 and pulled back to 4.00 were buyers were fully rejected by Moving avgs. Sellers flexing strength. Price looks to continue move downwards and retest support @ 2.50
Daily Chart: Breakout out of its previous consolidation phase, NASDAQ went on a run between 11/24/20 thru 2/17/21 peaking at almost 14200.00 for All-time highs. During that move, price respected the 10EMA before breaking down on 2/19/21. From its peak, price has fallen as low as 12% from the all-time highs. A Support area has been established around 13000 with...