NASDAQ:IBIT March 26, 2024 60 Minutes As expected 35 levels were held. For the rise from 28.91 to 41.99 35 levels represented about 50% retracement value. Now formed HL at 35.71 which becomes an important number to hold for the current uptrend. Consider the fall from 41.99 to 35.41. NASDAQ:IBIT retraced 61.8% and managed to hold the gap up. Now if we...
AMEX:SPY March 26, 2024 60 Minutes. In daily and in 60 minutes we had the 524.11 bar as a sell bar because the close was near the low of the bar. Hence buy is only above 524.5 levels. In daily the 9 moving averages and in 60 minutes the 50 moving averages are around 517.5 levels. I expect 517 to 518 as a strong support around 516-517 levels. In 15 minutes ...
TXN is on a 240 minute chart. It is a grinder from the 70s. I was there and a proud owner of a TI programmable calculator costing $500 as a teenager. New cars cost $5000 for a nice VW Bug ( got them nearly the same time). TXN has a role to play in semi-conductor and AI space. It has been lagging others. The chart makes me believe that it is waking up. Buying...
GEHC is a new spinoff from General Electric. It has great success thus far with good earnings reports and no dependency on debt and interest rates. It has been on an uptrend since the November earnings. At present it is correcting. I will play this going short on shares while hedging with a long term call options. I am in GE calls out into 2026. A long term...
IRTC on the weekly chart shows a symmetrical triangle with compression of price into the apex confluent with the 5 year anchored mean VWAP. I am very familiar with the product line including often lifesaving technology such as AEDs. The company has had weak earnings reports but price has managed to so from undervalued to fair value. I will add to my...
GBPJPY chart: we're watching the pullbacks. We set the first Fibonacci from the high value to the lower value of the pullback. Then, we follow the new bullish consolidation up to the target of the 1.618% Fibonacci level. After that we have the second pullback, which was shorter by about 340 pips. We set the second Fibonacci from the high to the new low. The result...
BAC is showed here on a 100R(ange) where price action from the Covid lows to the federal stimulus highs to the fade and consolidation of Summer 2022 to Summer 2023 and another fade and reversal from it are seen on the chart. At presen, BAC has reversed upside. With Uncles Powell and Sam announcing likely three rate cuts in 24Q3 and 24Q4, I see...
WULF on a daily chart has room to run to a end of the year pivot high and the ATH of July 23 The relative trend indicator shows it rising out of of the chop zone and the RSI shows lines popping over 50. My targets are 3.1 and 3.8 the red lines from the tweezer tops. PRice has crossed the mean VWAP a bullish momentum stimulus. It is a cheap but risk way to...
ARM is looking to break out of a bull flag after a month of sideways action. Bounced off the 20 EMA and looking to head back to the highs as the market rotates back into semis. First target $150.
Ripple is about to triple . The SEC battle is nearing a close and their opening brief will soon be released to the public. Major exchanges resumed trading late last year after the judge ruled that the secondary sales of XRP is not considered trading a security. The SEC has been involved in heated controversy regarding their approach towards the crypto industry...
FCPO SPREAD Contract May2024 vs July2024 is attempting breakout from previous swing high 141 Spread Bullish MA Lineup -> Trending Up Breaks and close above Turtle Resistant 138 -> Bullish Upward Momentum -> Bullish Support 124 Next target levels 165 179 203
Pure Storage jumped to a new record high on strong earnings last month. Now, after a few weeks of consolidation, some traders may expect further upside. The first pattern on today’s chart is the bullish gap on February 29. The data-storage company has remained completely above the gap, which may suggest there are few sellers. Second, prices held the rising...
META on the weekly chart is at the ATH which is as a consequence at the third upper VWAP line. The RSI indicator shows the faster line crossing under the slower line. The relative trend index has topped out. Both represent bearish divergence. META makes its money with advertising dollars for revenue. There are increasing challengers to split revenues that...
Momentum on both daily and weekly charts seem to be stabilising. We start off with the daily where we see PPM1 in trend mode up. Looking at the 10 SMA, it shows a continuous slope up as well. Price could hit the high fib targets above at 3.257 if the momentum boost in the algo for today plays out. PPM2 is also looking to spike up today at the open meaning the...
JETS on the reliable daily chart is in trend up since last fall which followed a trend down during the spring and summer. Travel stocks are booming here and there including TCOM (Trips.com) in China. The airlines have high volumes and are competing on price and perks. So are the cruise lines. This ETF is a way to capture some profit from the trends. If has...
RCL took a bit of time to recover from COVID but has now done well. The dialy chart reflects this. Last year price rose in the winder and spring then fell when the summer ended and reversed upside in November. Ir is now in a rising wedge and price is at the upper trendline. It is confluent with the second upper VWAP band line suggesting not much room upside...
Only for educational purposes. as u can see ZOMATO LTD is @ all tym high, so buy on dip advisable. u can buy if candle reverses from Demand zone or 20 EMA.(entry point btw 160 to 165). Then Targets will be 169,176 and 188. SL 155
🎉 Happy Nowruz! 🔍 Let's dive into analyzing SNX coin in the weekly timeframe. ⏳ Currently, on the weekly chart, we're witnessing the breakout of a 600-day range. The fate of this week's candle will become clear within the next 12 hours. 🎯 Should this candle maintain its current trajectory, it might be prudent to consider purchasing this coin for a mid-term...