BTC/USD DAILY CHART – BEARISH RSI DIVERGENCE HINTS AT FADING UPSIDE MOMENTUM
BTC/USD appears to be eyeing a push to fresh record highs, as buyers key in on the current all-time high set on February 21 (58321).
However, significant bearish RSI divergence hints at fading bullish momentum and may ultimately trigger a short-term reversal lower, if buyers fail to...
A lot of my ideas of late have been Forex based so time to show how one stock I followed performed for me in February.
The stock in question is Roku and I'm working the one hour time frame here.
Only two trades last month a long and short. Both trades were a 1:4 risk to reward ratio.
Once the trade has played out I simply wait for the next...
Hope the weekend has helped you all recover from that crazy month end.
Quick share from me on a pair that has been super solid this year and was the calm in the last few days of the massive market moves.
The pair in question is EURCAD the idea I'm sharing is on the 30M time frame.
Thanks to our strategies built in back tester I'm able to share...
This analysis is following up on my previous idea, which can be found in the link below.
I thought I'd give some clarity on where the price could go, following the board's earnings release.
I have included two Fib retracements. Firstly, from the ~67p peak last year to the low mid Sep at ~23p. This gives us a broader outlook of where the price has...
possible double top to come or a clean break a support down but there are still buyers locked in not took profit yet so am expecting it to climb for a few days possible one thats today then break down if not the sell should take place on Tuesday into Wednesday. again my opinion
FTI Consulting falls under the radar for a potential LONG with this falling wedge pattern in play . On the 25 Feb we have Earnings numbers coming in and during December 2nd 2020 the board authorised 200 million Dollars for the re purchase of its Shares.
The Falling Wedge CAN FAIL the same as any other triangular pattern so make sure you wait for confirmation...
Some basic chart analysis on Genmab.
This is more to bring your attention to the stocks long term growth prospects.
With a TTM P/E ratio of 29 and a FWD of 3, combined with solid revenue growth TTM and FWD leads me to suggest that Genmab will thrive in the coming months and climb to all time highs.
Visa has been forming a rising wedge since it's pre-March Highs, forming Higher lows over the past few months.
Now, I am really unsure how to interpret this one coming into ER on the 27th Jan. I am slightly inclined to think Covid may have been the beginning of the end of Visa as we know it.
My bear case on any negative news would see this trading back down to...
I can see I rather large flush about to happen in the coming weeks , if this long term trade comes in news of a vaccine what is more reliable and easy to distribute . We will be all buying ferraris for Xmas 🥂
Huge volume increase does this signal positive price movement in the near future. The company has increased its client base during 2020 and is expected to produce a positive eps number for the first time this year.
Further decrease of price into the falling channel and a breakdown price below the lower channel trend line will signify a bearish pattern. Best to await confirmation if the price goes into the falling channel.
Recent quarterly results have been very bad - missed target by 26%, declining revenue and no forward guidance provided either.
No potential of DMA...
Quarter my results due the next day may provide indication of next move. Price is showing support at the 50 DMA level. If it bounces up, and with volume higher than recent, good chance price is moving up, especially if Q3 results are positive.
If price falls below 50 DMA, then next support level would be upper trendline, where we will have to see if that provides...
NYSE:IBM The American technology giant publishes its quarterly earnings report with a very optimistic forecast.
The report will be published after the market closes.
Earlier this month the company announced that it is splitting itself into two separate public companies, a move that could attract new investors due to the result expected - a cut in the share...