You can see that selling on the upper red line has rewarded shorts in the past and I believe that this is a great short opportunity here - one of the best i have ever seen. We have got way over extended and fundamentally the price is just way too high for a this company, even with the 'shopping online' narrative that has been done to death. Overstock is the much...
$SAM Boston Beer Company: Over-Extended & Priced For Perfection Looking back long term whenever this stock gets 30-40% above it's 200d ema line its usually time for some kind of correction. At its highest peaks it was over 40% above. Right now its over 45% above it with earnings approaching next week. People aren't socializing as much or congregating in big...
Decentralized Finance, the hot new projects making 5-10x in a matter of weeks. Will these 1000% gains be held over summer? It's only a matter of time before DeFI comes back to Earth, regardless of whether it will continue to be adopted by the crypto community. Exepct this DeFi Index to drop hard if Bitcoin breaks below key support levels. This will be top of the...
Hi traders, What a wonderful end of a week! I am all green, costing myself some part of that +6% had I let all the trades run to their full targets, but then again, SPY was already overextended and I didn't want to push my luck anymore. I am also copying my trades to the TV demo live so there is even more transparency for you guys to see! Trades: 1) CLF -...
$SE Overextended - Bearish Hanging Man Candle on Daily Price currently appears over-extended, 101% above its 200d ema. Previous peaks were 60% and 52% for perspective. Anticipating a near-term correction. High risk short play. See chart for possible near term targets. Note: Educational analysis, not investment advice.
EUR/USD Severely over extended and awaiting a substantial correction There is substantial risk in entering at the current price. Opening a position at these levels may result in liquidation. Waiting for confirmation via: RSI Divergence Moving Average Break Wick Rejection Daily RSI @ Extreme RSI Levels ~ 80 VERDICT: EUR/USD due a correction soon...
SHORT EUR/GBP, ***IF there is a clear rejection at the 78,60% level of the monthly fibonacci, wich is on a monthly key level. Also, the market is overextended as seen on the RSI. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
Reasons to enter: Weekly analysis: - Overextended buying, 4 relatively large candles in a row - Volume spike one the last green weekly candle (ending volume) Daily analysis: - Bearish spinning top followed by big bearish candle move down - Big nice void for the price moving down. No resistance at all - 2R target around the 50% retracement sweet...
Had a massive gain of 11.89%, but its way overextended now. If gaps up ill be looking for a short between $2.59 and $2.47.
Did well with my short play on Z1P, gap up nicely then fail to pass $5.37. Got in at $5.34 with a stop at $5.39 with 1,500 shares. Reduce my position at 1 R by 30% then got out the rest at $5.26, quick scalp play to the downside. I like to calculate the stocks Standard Deviation of 1 year data, hence why $5.37 is a key level.
CCX is well over extended from its previous close, touch new time high of $2.84. looking for the short between $2.78 to $2.69, if its moves higher then it gives me more reason to short it.
AussieJPY had a straight Bullish run for several days now, and on the daily it is now at past support that can become future resistance. if you take a look here at www.mataf.net and you pull up the Aussie Daily chart and you pull up the JPY Daily chart you will see that the Aussie is hitting a past support that can become future resistance and the the JPY is...
Each trendline has three points of contact and are logarithmically getting closer together: rising wedge pattern. BTC Dominance beginning to look overextended (TD) and overbought (RSI) while testing resistance between 72-74%. This is far from a perfect rising wedge as it excludes the September 2018 head fake, but a theory worth considering. BTC.D closed above...
FAST moved out of its sideways pattern and gapped, then ran up to a new all-time high. The stock is at risk of profit-taking due to the angle of ascent of the price action and the overextended technical indicator patterns.
NASDAQ: $IPDN looks like a GOOD SHORT right here!