Exxon Mobil has bounced in the last two weeks, but how much higher can it go? The first pattern on today’s chart is the $105.87 level. It was the closing price on November 6. XOM remained below it later that month and been unable to reclaim it since. That may suggest it’s become resistance. Next, stochastics returned to an overbought condition. Third, the...
KBE is an unleveraged bank ETF which on the 60 minute chart is currently trending with a buy signal from the machine learning algo indicator. Banks are reporting. Interest rate changes by the fed are flat for the time being. The volume profile shows KBE took a dip to try to fall back into the high-volume area and bounced. It has recovered from a VWAP band...
On the 15 minute chart, PLUG got a deserving bad haircut today on the dilution announcement. Buying shares in a chas burning enterprise is risky business. However, the prospects of a rescue with a federal grant from the Green Left initiative can come any time. Shares are on sale. So are OTM call options expiring after the recovery if there is one. Price...
UNG is shown here on the 15 minute chart with text box comments showing the three trades over 8-9 trading days yielding 25% overall first two trades short then a one day long trade at what may be an early reversal. A pair of hull moving averages 49/140 ( multiples of 7) are used to generate buy and sell signals in golden and death cross fashion. A dual TF RSI...
Private-equity firm Blackstone pulled back in early 2024 after rallying in November and December. Now it could be bouncing. The first pattern on today’s chart is the price zone around $116 where BX peaked in mid-September and early December. It marked the approximate low last week. Has old resistance has become new support? The 50-day simple moving average (SMA)...
KRRO is in the biotechnology space in the gene-editing realm. It is in portfolios of C. Woods . A recent analyst gave it an upside to 100 which is very favorable given its product line and track record with an all-time high of about $250 ( which is about 450% over current valuation) On the one-hour time frame, it has had a great week and is breaking out over...
I have been in BFRG since the November earnings it has done 300% over that time almost all of it in one week. There are no options on this one. The RSI indicator tells me that it is now overextended and overbought. This is confirmed by a reversal signal triggering on this 60-minute chart with a mass index indicator below it. The topping candles with long...
HRTX has been suggested by various trading websites as a potentially explosive penny biotech stock for 2024. It has experienced excellent price actions since an earnings beat in November. It beat the estimates; that is to say it burned about half as much cash as the analysts estimated the it would. Today it pumped 11%. Relevant articles can be found compiled...
American Tower ended 2023 by rallying from its lowest level in almost five years. Now, after a pullback, some dip buyers may see opportunity. The first pattern on today’s chart is the price area between about $200 and 204. It marked the highs for AMT between May and July. The wireless tower company paused there late November before continuing toward $220. If this...
On 1 120 minute chart, SIRI is now well positioned having tested the support of two sets of VWAP bands anchored back two earnings periods and so 3 months apart. The mean VWAPs are confluent and so form strong support. I expect the price to return to the early December high and test that level. In the past day a buying volume aberrant spike was printed. The...
**Strategy: 50 EMA + Heikin-Ashi + Stochastic Oscillator** **Indicators:** 1. **50 EMA (Exponential Moving Average):** It helps identify the overall trend direction. 2. **Heikin-Ashi Candles:** These modified candles provide a smoothed representation of price movements. 3. **Stochastic Oscillator:** It helps identify overbought and oversold...
The 4HR RSI has a divergence on candle closes, also the 4HR MACD has an upwards cross happening. I laid out the retracement Fibs my guess is that it'll go somewhere between the 1.618 or 1.786, then pivot again bearish, making a right shoulder on the chart. Alternatively, if it somehow becomes more bullish, it could hit the top Trend line forming another larger...
Hi. Bearish divergence is playing out☑️ Now we need to break below the cluster of 50 MA + Dashed S/R Trendline 📉 ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Some investors liken the current moment to 1995 because of the potential for a “soft landing” after a bout of inflation and interest-rate hikes. Can technical analysts also find things in common? Today’s S&P 500 charts consider some potential similarities between the start of the late-1990s bull market and the situation in January 2024. The first pattern is the...
Guys, EURCAD will most likely bounce from a solid demand cluster. I will expect a growth a least to 1.465 target level. Stop loss should lie strictly below the underlined yellow support. Please, support this post with like and comment.
BTC looks to be in a short term distribution phase, with a likely top already in ~47k on CME. Expect moderate volatility this quarter, where I expect constant violent 10% swings in either direction between 46k and 41k until the ETF approval. Afterward, expect a drop to ~38.5k by the end of January. Note, January EOM has the highest likelihood of dropping the...
Paycom Software has rebounded after a big drop, and now some traders may expect further downside. The first pattern on today’s chart is the November 1 bearish gap after earnings and guidance missed estimates. (The 38 percent drop that day was the biggest in PAYC’s nine-year history as a public company.) It was the second consecutive downside gap on...
I’m selling this options contract, with expiration and strike at the crosshairs. Selling the Put means I want price to say above the strike until the expiration. The D+ indicator is showing a red cloud, but it is weakening. The red cloud means downward pressure. And we can see that price had leveled out by the time the cloud began. The red outline on the cloud...