The stock after facing price rejection around 440 to 467 levels came back to below 50 DMA levels. It has been consolidating since then for almost 3 months now. Finally, today we saw it breaking out of the consolidation zone. We saw a widespread bar on very high volume. The relative strength is also turning positive. The money flow has been positive for the last...
The stock saw a huge fall of about 50% from a high of 359. From the bottom, it has been struggling for almost a year to reverse the trend. And of late, you can see the attempt to move up, seeing some success. You can see a break of structure in the daily and now a break of structure in the weekly as well. The relative strength is also positive. The money flow...
On the daily time frame, a sideways movement has been forming since April 9th. The buyer’s vector 4-5 reached a new high. The key candle of vector 4-5 was on May 20th and is located at the top (highest volume, "tKC" on the chart). The seller absorbed this candle, and now the seller’s vector 5-6 is developing. The first target is 2326.515. On the hourly time...
On the daily timeframe, the price is consolidating. The current buyer's vector 10-11 has not yet reached its targets. The price movement has stalled in the range of 70,400-72,000. The price is currently within the daily candle of May 20, 2024, which has the highest volume in the buyer's vector 10-11 (marked "tKC" on the chart). You can look for buying...
Monthly Trend Trade " + long impulse + 1/2 correction" Daily Conservative Trend trade "+ long impulse + 1/2 correction + ICE level + support level + biggest volume Sp" Calculated affordable virtual stop loss 1 to 2 R/R take profit Broker set up: May-20-2024 Buy HD at Market (Day) May-20-2024 OCO 3A: Sell HD Stop at $332.37 Limit at $337.86 (Good 'til...
Conservative Trend Trade 5F + long impulse + SOS bar Calculated affordable stop loss 1 to 2 R/R below 1/2 monthly zone Monthly chart context + long impulse + biggest volume T2 level + biggest volume manipulation Start building position, will add more after there's a set up on inferior timeframe.
Aggressive CounterTrend Trade - short impulse + volumed T1 level + volumed Sp + weak test + first bullish bar closed entry Calculated affordable real stop loss 1 to 2 TP before volume zone Context on Daily: "- short impulse + monthly support level + 1/2 correction monthly + biggest volume T1 + biggest volume Sp" Context on Monthly "+ long impulse + SOS level +...
Today I will analyze the asset on several time frames (1M, 1W, 1D, 4H) to find out where it is advisable to buy and where it is advisable to sell. On the monthly timeframe , there is a bearish trend. The last bearish impulse started from the price of 1.25557. The price has touched the 50% level (1.10458) of the last bearish impulse several times. So far, I don't...
In early January, the stock faced rejection around 2520 levels and it retreated to sub 200 DMA levels. From there, it recovered. In early May, it made an attempt to take out the price rejection zone. There was a move on very high volume. Unfortunately, that move did not succeed and it was pushed back below into the supply shadow of the BC bar which happened on the...
The stock is trying to move out of the price rejection zone after nearly four months of sideways move. The relative strength and the money flow are also positive. The volume has been increasing in the recent past and the volume adjusted momentum is also turning positive. All the conditions are favoring the stock to take out the price rejection zone. Once we have a...
The chart suggests a bullish outlook based on the volume and price action. The significant volume spikes during rallies indicate strong buying interest. The current low volume during the pullback phase supports the possibility of accumulation. If the price breaks above the recent highs with increasing volume, it could signal the continuation of the uptrend.
The stock has finally moving past the Price Rejection Zone with good volume support. The relative strength is positive and increasing. Money Flow is also turning positive. The Stock looks poised to move much higher.
On the daily timeframe, the price formed a sideways movement and hit the mandatory target of the buyer's vector 4-5 (7.2755 was reached). Currently, the price is in a seller's context. The next relevant seller's vector 5-6 has a potential target of 5.18. Yesterday, the seller showed a weak reaction on the daily timeframe (spread, volume, and the tail of the...
On the daily timeframe, the price has formed a sideways movement and reached the mandatory target of the seller's vector 7-8. The next relevant buyer's vector 8-9 has a potential target of $634. The price is currently in the middle of the sideways range on the daily timeframe. On the hourly timeframe, the price has also formed a sideways movement. The short...
After a long sideways move the stock is now attempting go on upward trajectory. Creasing relative strength and Money flow is supporting the up move. Momentum and Buying Pressure are also increasing. Recent increase in delivery volumes indicate good amount of accumulation. Today's ultra high volume is reason for caution. Once we have a positive close above 343 we...
Hello traders and investors! Let's take a look at what happened since the last post where I suggested considering purchases. You can find the post linked below. Just a reminder, the solid line represents the main scenario, while the dashed line indicates possible price movements to realize the main scenario. The price has increased by 13%, with the maximum...
The stock was pushed to sub 200 DMA level after facing Rejection around 840 levels. Now the stock is recovering making Higher lows and Higher Highs. Absolute and Relative Strengths are positive. Money is also flowing into the stock. Delivery volumes have increased. The stock likely to test the 840 levels. A quick short term 20% move possible
The stock has now successfully taken out the Rejection Zone with consecutive Bullish Effort to Move up Bars. Quality Buying seen with increased Delivery volumes. RS and Money Flow has be strong for some time. The stock likely to move higher now . A test of the Rejection Zone is also possible before the up move.