currently its at a important zone as there is a confluence of descending triangle support line and the 200 ema , we can expect a good reversal from the support zone .
I'm a beginner , i'm just sharing my views .
Zeel has shown good strength and given a small breakout.
On daily chart is has made a very bullish candle taking support from its 200 EMA.
BUY - 214+
Target - 230 (1-3 days)
A pullback to the 200EMA with divergence on the Stochastic! Entry and targets on the chart. The preferred exit is where the price touches the Andrew's Pitchfork. See the chart. Good luck!
Confluence of 0.382, 200EMA and H&S so bad news if we break the neckline in the short-term BUT it could confirm the macro cup and handle formed since Sept.18 so we have hope in this stock mid-term, maintaining our mid-term PT at somewhere between $36 and $40.
Not a financial advice.
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Patience is the key...
If price break and close below 200EMA, wait for retest then take the trade after 2 bearish candles confirmation. Death cross on 1H timeframe is in formation, wait for it to add confluence to your trade!
Trade wisely :)
#EURUSD (1D):
Price broke a strong weekly support, deepening the current correction phase. The overall uptrend is still intact and next relevant support is at the daily level 1.19, which aligns with the lower TF triangle target.
after complete bearish impulse now it is looks like this chart try to complete corrective wave.
chart pattern target will be 92.300 (fib 0.618).
head and shoulders neckline & 200 EMA can be help bulls to fly higher. stop loss should be 89.800
Updating my previous idea:
IMO it's possible to see a short-term rebound till $240 where the confluence of fib. retracement 0.5 (ATH to march '20 low) and fib. retracement 0.618 (ATH to dic '18 low) are.
Then, expecting more downside until aprox. $190 were the Weekly 200 EMA is. Just before the february earnings where trend reversal is possible if...
Observations:
1. High Volume in last 2 Days
2. Channel Breakout
3. Price has taken support over 200 EMA
Entry :
30% at Current price and 70% at 115
Stop loss: 104
Target: 127 to 129
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ZYXI is strong at closing today. Trading in tight channel in since last week. As I mentioned in chart there is a 200 EMA solid support. Buy 1st position here and Add more position on breakout. Set SL according to your appetite.
What do you think about this idea?
Feel free to ask any questions regarding this idea. Like and comment on this idea for...
Right...Let's look at the bigger picture!
Loonie CAD - Technicals - Weekly:
Strong Bullish channel since 2017 - Been holding up well.
Yellow line - from past triangle formation - Finding nice area of support.
200 EMA (GREEN) - Again been respected.
We are struggling to pass the 200 EMA - as well as the key support areas of the channel, there might be a...
Todays analysis – FTM/USDT – consolidating at a pivotal level as trend support and structural resistance converge.
Points to consider:
- Key level (apex)
- Swing high failure
- Immediate target (structural support)
- 200 EMA Support Confluence
- Low volume
- RSI bearish divergence
Price is coiling into its apex as trend support and structural resistance...
