* stock making h.l pattern on weekly * relative strength at new highs * on daily close to 50 dma so not very extended * volume drop
NQ just completed a head and shoulders. That can mean anything, but it sure makes things interesting. RTY has clearly taken the lead in relative strength since the markets bottomed in march. More money is going to a larger group of stocks in RTY, and it looks like the tech bubble is paying for it. Tech bubble:
Last week while the market is correcting, majority of the stocks have been hit badly. Yet, PINS, SNAP and TWTR have outperformed the market. Is the current price structure suitable to buy with potential to continue outperform the market? In this video you will find out why these 3 stocks NYSE:PINS , NYSE:SNAP , NYSE:TWTR outperformed the market and the low...
Solar play based on sector rotation & technicals Low volume Pullbacks SMI and RSI looks relatively oversold Forming a pennant on daily, holding 20EMA - HOLY GRAIL SETUP Look for confirmation above 19.8 break PT1 22.5 PT2 23.8 PT3 29.4 SL Below 20EMA
The price has three times reversed from MA20 (orange) after cross above MA50 (blue), it had formed a pin bar at MA20. Energy sector and high IBD's Relative Strength rating = 99 and industrial group rank = 1/197 ===================================================================================================================== I will be popular investor in...
The indicator always loses because it uses the high-low-open-close price of the past, so it is usually slower because it is unpredictable. Future nature is unpredictable. So how to win in the market? determine when the price is close to the real value. and when is speculative price? profit is equal to the difference between the real value and the speculative price.
0.41 key resistance for ADA (1st touch rejection) 30+ month base cup. Needs time to consolidate after the big move recently. High relative strength of Cardano compared to other crypto blue chips. Ideally would like to see ADA consolidating between 0.30 and 0.4 for a while before a big move March 2021 is the expected Goguen release date "When the smart...
After the recovery from the Covid lows, the JSE has been underperforming the S&P500. However, since the start of the year, the JSE has been outperforming it. However, the low holiday volume should be taken into account. However, the start of the year could indicate where the JSE is at.
Starting 2021 we find that the recovery from the Covid lows is still in progress. After a pullback and low formed in October 2020 we are seeing another push higher. Resources are again showing the most strength with a nearly 40% rise. However, financials are also recovering well at this stage but industrials are lagging. Over the holiday period, we have seen a...
Xrp is on the rising wage right now alone side btc, etc remember there is a bit pull back then continue for this week but expect any change when dollar get strong. For me I start buying in from 0.19345 ...because the strong resistance was 0.17 which they can't afford to go bellow that ..the bulls in the game. From the direction bias I expect a rise in the coming...
A mark up for possible sell through resistance from NY sessions Tuesday we will see the drop
late to the party but metals were constructive with the gap down today
Multi-pairs strength system, with entry signal. Equipped with Auto-Fibo 3 major level.
Change in leadership from tech (growth) to financials (cyclical)
Using relative strength to chart changes in stock market leadership
Elections week rollercoaster After the last week's wild price action related to the US Elections, DXY erased my expectations about any sort of USD recovery. DXY went from the top of the 3-months range to the bottom (currently testing the grey area). The last line of defence before the downtrend in USD resumes is around 91.75 low (Black horizontal line at the...