


zukedu
Pros: - MACD and FI confirm the move by ticking higher with prices - Inverted Hammer + Hammer combo - Overall high lows near SMA 100. Shows bulls strong attempt to push back above sma 100 - Cons: Volume is decreasing as price increase in general near the sma100. (I ignored this because I am testing the theory to depend on FI instead of just pure volume) Overall...
Pros: - Both FI and MACD Histogram ticking lower when price is going high. - RSI overbought. - Double hanging man represents weak buyer pressure around 1167. - Profit target 2R for now since it is counter trend trade. (Will adjust profit target accordingly depending on how it turns out the next few days) Cons: - EMAs are still pointing upwards. - Counter trend...
Pros: - MACD and FI divergence - Spinning top/doji + big green candle combo for entry signn Cons: - Profit target may be quite limited as the range will only allow for about 1.5-2R until a breakout occur - Not clear uptrend Overall Trade Grade: 79% (9.5/12) Trend: 1.5/3 MACD: 3/3 Force Index: 3/3 RSI: 2/3
Pros: - Both FI and MACD Histogram ticking lower when price is going high. - RSI overbought. - Double hanging man represents weak buyer pressure around 1167. - Profit target 2R for now since it is counter trend trade. (Will adjust profit target accordingly depending on how it turns out the next few days) Cons: - EMAs are still pointing upwards. - Counter trend...
- Hammer on the SMA 150 support - Bears volume is weakening - Both FI and Acc/Dist is higher when the price is lower. - Decent range in channel for a high probability 3R and above profit potential
Breakout from the 119.21 resistance level is getting more aggressive. - Higher lows and shorter time frame to hit resistance. - FI going above 0 - MACD Histogram ticking back to positive Will have to observe the next few days candle and volume and enter the trade only if the breakout success probability is high.
- Selling volume is decreasing on average as the price declines downwards - Hammer with long tail shows bulls resolve on pushing prices back up when it is near the resistance and seller is losing control Notice the price at around 190.13 on 30 min chart: - Significantly high volume on 30 min chart green candle when it is near the intra day resistance. - Force...
- 2 Higher low in a row on 15min and 30 min chart - Seller volume has been decreasing and buying volume has been increasing on average. - FI increasing while price was decreasing - Hammer near support
- Selling pressure increasing based on volume. - Price bounce down from upper resistance line. - 3R profit potential on lower support line. - EFI tilting to below 0 - Stoch is overbought
- Selling volume is higher than buying volume near upper resistance - Buying volume stagnant near resistance. Shows lack of buying interest to break the upper resistance - EFI negative - Stoch near overbought levels - Gap down indicating selling pressure coming in - Resistance breakout attempt tested and failed couple days ago - 2R profit target is not too near...
- Stoch oversold - Hammer on support line with same volume as the red candle the day before - Company earnings increasing to positive from negative
- Stoch oversold - Bullish hammer on the trend support line with decent volume - Selling volume was decreasing over the past few days - SPNS's EPS is positive this year. (Was negative last year) - Overall tech stocks are bullish this month