DECK bounce perfectly off the 50 EMA and is working on closing a bullish engulfing candle on the daily. Amazing recovery after an ugly Friday close.
GOOGL has been riding the 50 EMA on the daily for quite some time. After the late October shakeout down to the 200 EMA, GOOGL has looked very strong and been trending upwards in this accumulation zone. A clean break above $141 should send this to test the high at $150 and beyond.
US500 (Daily Chart) I'm expecting a bounce to ~4260/70 area. Here's why. Looking at the AVWAP (Blue lines) from the January 2022 highs and October 2022 lows, we were bound to see some level of support here. I've been saying this for some time now that we'll reach at least 4100. Given the strong confluence of support around this area (the AVWAP and the...
Keep an eye on this one as it's showing a lot of Relative Strength and Accumulation. It recently broke into its stage 2 up trend and it's resisting the general market moves and showing signs of institutional demand. Given the current market conditions, this may continue to range between 17.5 to 18.5. We might see a flush of late buyers and might see a dip to...
Notes: * Strong up trend on all time frames * Great earnings QoQ * Created a break away island on last earnings report * Held the gap as support around 105.54 * Tried to break out of the base but pulled back to its 20 day line * Offering an early entry as it's close to its 20 and 50 EMAs * When I last mentioned this stock it was breaking out of a cup and handle...
Notes: * Strong up trend on the higher time frames * Great earnings track record * Broke out of a ~21 month long base * Higher than average weekly volume and coming off from its 10 week line * Also breaking out of a smaller consolidation of ~12 weeks * Gaped up a couple of days ago and is now coiling * Broke historical resistance around the $97 area Technicals:...
Notes: * Very strong up trend on all time frames * Great earnings * Pays out dividends * Forming a base for the past ~8 months * Testing the 50 day line as support for the past 4 sessions * Bouncing off the 50 day line with higher than average volume and printed a pocket pivot Technicals: Sector: Healthcare - Drug Manufacturers - General Relative Strength...
The price has formed a triangle shape and is at the edge of breaking out. Price is expected to cross and test the 50EMA before trying to close the 200EMA gap.
CEMI has found support at the 50% retrace of its move to 52 week highs. This is a Covid testing stock, was given price target of $21 on 5/26/20 by Baird (see Finviz) and stock has not reacted. Price now consolidates in a severe falling wedge. Given the angle of the wedge, a resumption of the uptrend should come with a steep upward slope. Price must reclaim the 50...
INSG has pulled back very nicely to the 50% retracement, which was also the breakout level, after reaching its highest price since 2009. Currently consolidating in a bullish falling wedge, price has found strong support on the 50 EMA which means a potentially imminent resumption of uptrend. I am looking for the wedge breakout which I anticipate will occur around...
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". DAILY: Price has reached a strong support area. There might be a possible double bottom, and there is MACD divergence. Over extended 50EMA. We might be...
Chart shows weakness at the 50 EMA resistance, large probability of a pullback anytime soon. Price might bounce off of the 100 EMA, but support is weak as shown earlier. Short near 7760 or wait for market open. SL 7815 TP 1 7690 TP 2 7660-50 Let's make that money! Best regards, WidTrade
EURUSD attracted sellers upon reaching the 50 day EMA and the 50% pullback point on the corrective bear swing. The pivotal structure still suggests bullish continuation as long as the swing low around 1.1430 holds, therefore short risk on EURUSD is still the preferred choice. As of currently, the gap area around 1.1520, also the 50% pullback on the earlier bullish...
Simple EMA strategy H4 Lower highs and Lower lows Waiting for price interaction with H4 20 EMA in the trend direction. There's good resistance on the pivot points as well. Entering at the 50EMA bounce downwards. Enter at the EMA cross on the 30M, 20EMA (blue) crossing 50EMA (red) going downwards Two trades 30pips Stop Loss, targets at 1:1 and 3:1...
-D1 broke a long trend line. -H1 completed a double top pattern Now monitoring H4, wanting to see a retracement to the 0.5 level, in confluence with 4H 50EMA
Please see annotated chart for details.