- daily chart currently show inverse head and shoulder pattern.
- DMI indicating strong uptrend.
- Stoch indicating few more days of upward movement until it enter overbought region.
- high probability to break out next week.
- break out is confirmed if the volume is significantly higher from previous trading day.
"Market is always right"
- Currently forming Double Bottom pattern. However it is still not able to break neckline resistance.
- Once the neckline is break, it will move higher but if it failed, it will go downwards to support.
- Last night resistance testing was failed and the candle forming Bearish Pin Bar.
- DMI indicating the uptrend is already started.
- Stoch is headed to...
- in Daily chart, since it rebound at Fibonacci .618 from the lowest price, there is high probability it currently forming the third wave of Elliot Wave.
- DMI is indicating strong uptrend and Stoch indicating there is few days of uptrend before market decide to continue uptrend or to do correction.
- RED resistance lines are for reference to exit and reentry.
-...
Analysis
- At the last stage of pennant pattern.
- currently trying to test resistance trendline.
- high chances to move higher in the event of breakout from resistance trendline.
- if testing fail, it will move downwards to support trenline.
- there is probability to go downwards beyond support trendline if the earning was not good.
- in case of breakout...
Analysis
- currently at last stage of forming inverse head and shoulder
- the Stoch indicator was crossed yesterday indicate that it is ready to move higher.
- risk of going downside is still there but reduced.
- it may fall to the support trendline if market still not okay.
- The chance of going higher will increase in the event of breakout from resistance...
- currently forming inverse cup and handle pattern.
- currently in the middle, either going to break trend resistance or break trend support.
- eventhough rebound at support, DMI and STOCH (weekly) is currently moving downward direction.
- bearish signal is stronger
- wait for break support to Short, wait for break resistance to Long.
*Fundamental Tips:
-...
- nicely forming pennant pattern.
- first 2 summit in PINK could be the Corrective Phase.
- The last smallest summit in BLUE could be the First Wave.
- Second wave is currently at Fibo line 0.618.
- Since DMI+Stock (Daily & Weekly) is going downwards, high probability price will stay just above the support trendline for a while.
- however, the next movement either...
- the forecast direction is currently in hang in the middle.
- it depends on the outcome of the earning.
- for safe plan, EP after earning.
- however, all indicator indicates that the direction is going downwards.
- it can drop until around $533.
- STOCH (daily & weekly) indicates downward movements.'
- DMI (daily & weekly) indicates downwards movement.
- best...
- forming double bottom but not complete yet
- wait until it BO $145
- then follow trend or TP at any resistance you like.
- for short term plan, advised to EP after earning.
- watchout for resistance in redline (TP advised for fast play)
- Watchout trend support and resistance (TP advised at resistance)
- re-enter after in case of BO.
- Arrows showing the forecast movement.
- if the movement went downward after testing trend resistance,
wait until it rebound at trend support for re-entry
