RSI overbought above 75. Double top potential right at 70.50. Nothing bearish at the moment, although I don't feel this is going to break 70.50 soon. Few options here. 1. Go long over break of 70.50 with a stop under 70 to watch for false breakout. 2. Wait for it to base for few sessions around this area and then go long after some minor pullback. 3. Short at...
Daily above 9 and 20ema. Broke out of small flag while basing over 20ema for few sessions. Well defined stop right below immediate support at 427. Weekly looks even better (High tight flag pattern) with 4 weeks of consolidation between 420-440 after the earnings gap up.
Bull case: Reversed right at horizontal long term support. 200dma bounce. Above avg volume on the bounce showing buyers are finding current price attractive. Printing higher low on the current bounce. Immediate resistance at DTL around 9.70-9.80 after which it will be a definite trend change. Can buy at current prices with stop just under 9.30.
1. 4Hour oversold signal (in the past 1 year have seen a 10-15 point run higher before reversing) 2. Undercut and bounce at 200dma 3. Hammer at 200dma (will need confirmation on Monday) 4. Convergence of couple of trendlines support. Good R/R to long with a stop under yesterday's lod at 245.
Oversold daily, above 200dma, doji right at support good R/R with 11.85 as a stop level.
HRL long due to following setups 1) Daily oversold with RSI about 40 2) Weekly support retest after the breakout in Nov 3) Daily horizontal support 4) Support from Gapfill right below 5) Printed a hammer on Friday (ofcourse needs a confirmation tomorrow) Everything above bodes well for higher prices. Can go long with a stop under under $34.
Bounce off 200ma , last candle's volume was more than previous red candle but price didn't close lower showing buyer's presence. Bounces off trendlines as well. A long going into next week.
Inverse head and shoulder on weekly, bounced off horizontal support and rising trendline support. Good place to go long with a stop under 80. MACD and RSI are showing bearish signs so ideal to wait out few days for election results to sink in.
RL bounced off 200dma and rising trendline. Good R/R to go long with a stop below 96. RSI is showing bullish divergence as well. MACD curling up too.
Still series of higher lows (uptrend) on weekly.Bounced right off the rising trendline, backtested the weekly breakout trendline as well. small MACD bullish divergence is also seen. Can go long at current prices or better with a stop under weekly close of 42.75-43.
Downtrend followed by a doji and a confirmation candle in Aug month. A definite reversal signs, can go long on some better prices by studying daily prices but all in all anything above $11 is a long term buy for GOGO
Bounced exactly where it should have. Horizontal trendline + rising trendline support. Closed over 10dma. Closed on highs as well. Nice R/R to go long at current prices (a tad lower better) with a stop under 38.00.
NTES possibly forming a bearish ABCD pattern on weekly. If this pans out NTES can see much lower prices over next couple of months or more.
Tested the breakout yesterday 8/24, bullish engulfing candle right at support from the previous breakout zone and rising trendline. Closed on a high in a not so positive overall tape showing very good relative strength. Can go long at current prices with a stop under the breakout zone @about 12.50. Can see higher prices from here. Nice R/R to go long.
PSA right at support from horizontal trendline and declining wedge. 10dma posing as resistance from past few days. RSI is oversold and is slowly turning up, the last time it was at these levels 24 we saw almost $20 - $40 move up. MACD is in the grave as well. Stop loss can be placed for a close below 217 for a nice R/R.
Right at a support from horizontal and rising trendline. RSI and MACD are way oversold and is at place where it bounced last time at these levels.200dma support right underneath. Some bounce here should be certainly in. If not then it would provide a good short opportunity with a stop just above 111.
Above all MA's, bounced off 10dma and closed on day's high with almost a maribozu candle. Few ways to look at the action - A bull flag formation in the last week. - Prices consolidating just around the resistance. - A not so idea Cup and Handle formation in the making. - RSI is rising and bullish and not overbought yet. A good place to go long with a stop below...
Right at rising wedge trendline support + support from 200dma underneath + MACD curling up. Doji on a downtrend will need a supporting up candle to confirm the reversal. A very good R/R to go long at current prices with a stop below close under 200dma.