Right now with Jumia, I think a reentry today may actually be quite decent. Market is likely going to be extensively red today following obvious worldly news events. If you are looking to buy a potential reversal stock at a red day, JMIA may be in the radar. I feel it is also quite underrated given the potential it may have. That said, do your own due diligence...
Week 40: 28 September to 02 October 2020 FCPOX 2020 analysis At the moment the price is in the consolidation zone, to make it simple to the naked eye, the price is forming the Right Shoulder. However, please note that there are many variations of the "right shoulder", it can be a straight horizontal channel, diagonal channel, flag, wedge, and ascending...
How many times does $77.40 level going to get tested? ahhh 10? lol
Please Support this Idea with LIKE if it is Useful.... EURUSD price is following a descending channel & it is also close to resistance structure, If price shows rejection from the from the structure I expect the price to continue lower... For Entry: Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to...
Please Support this Idea with LIKE if it is Useful.... TESLA price formed bullish pennant like structure,If price make a correction till support/resistance structure and holds the level, I expect the price to grow.. For Entry: Wait for the formation of Bullish Candlestick Pattern to close on 1hr timeframe for confirmation to Buy.. Trade it with proper...
EURGBP shows very interesting action in this period. At the bottom, we have an uptrend line that recently proved to be quite reliable, rejecting the price at 0.9020. Another level that supports buyers' positions can be found around 0.9070, where we have a short term support: At the top, we have a very good downtrend line that, combined with other key-levels,...
Please Support this Idea with LIKE if it is Useful.... GBPJPY The price broke above the support/resistance structure, after a pullback if price holds the support then I expect the price to continue to grow.. For Entry: Wait for the formation of Bullish Candlestick Pattern to close on 2hr timeframe for confirmation to Buy.. Trade it with proper Sl.. In...
This casino stock looks vulnerable to starting another leg lower potentially all the way back to Covid19 lows. The stock is forming a 4 month descending triangle chart pattern with $68.50 level tested multiple times. A clear daily close below that level will complete the pattern and should push the stock lower. 1st target $50 round number.
Quite a few casino stocks are looking bullish! Here is NYSE:TRWH setting up a 4 month cup and handle chart pattern with handle taking on a flag pullback. Day is not over yet but it seems the stock is breaking out of that flag and setting up a run up to $28. A level that has been resistance in the past and a confluence of both pattern and weekly down...
NYSE:CSTM has formed a 4 month descending triangle pattern with a clear horizontal support boundary @ $7.25. The stock has tested that level 4 times during the chart pattern formation. A daily decisive close below $7.25 will confirm the chart pattern breakdown and set the stage for lower prices. Chart pattern price target is around $4.50 but $5 round number...
1) Massive volume yesterday and heavy volume so far today 2) day not over yet but probably closes above 5 month rectangle resistance (blue line on chart) 3) Also breaking above weekly down trend line (red line on chart) 4) $6 price level tested 6 times looks like a good long trade setting up. A bit volatile stock with wide moves. Size your shares appropriately.
The handle part of the pattern is taking on the shape of 2 month rectangle pattern with $12.50 acting as boundary resistance. Chart patterns that accomplishes 3 things when they breakout are ones that have the most chance succeeding. When the breakout takes place (daily close above $12.50), SSP will: 1) Close above its cup and handle chart pattern (blue line on...
Please Support this Idea with LIKE if it is Useful.... EURCHF The price broke above descending trendline and now in a correction mode,If price continue to hold the Support then there is a chance that price might continue to grow. For Entry: Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy.. Trade it...
Please Support this Idea with LIKE if it is Useful.... EURGBP The price is back above the support/resistance level, after a pullback if price holds the support then I expect the price to continue to grow.. For Entry: Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy.. Trade it with proper Sl.. In case...
Kohl's been trading in a well defined range for the last 4 months with $18.75 area acting as support that has been tested 4 times. The stock failed to put a meaningful bounce along with a strong market today. The lack of buying interest close to these levels could indicate the stock is ready to breakdown and start heading lower again. Sell short a clear daily...
NYSE:MLM is another stock showing relative strength and could be setting a breakout to higher prices in the coming days. A clear daily close above $230 resistance that has been tested multiple times in recent weeks will set the stage for the next leg higher.
With the market selling off the last 3 weeks, NYSE:NWHM been showing relative strength trading sideways to up. The stock has formed an ascending triangle chart pattern with upper boundary around $4.85 acting as resistance. The stock spent the last 4 sessions trading just under that level. The stock is also breaking a long weekly down trendline (red line on...
Please Support this Idea with LIKE if it is Useful.... AUDCAD The price is back above the support/resistance level, after a pullback if price holds the support then I expect the price to continue to grow.. For Entry: Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy.. Trade it with proper Sl.. In case...