SHOP.TO is tightening up on the daily as price forms an equilibrium. Decreasing bull volume on the daily tells me we're likely to set a lower high relative to 199.50 before coming back to test the uptrend that's held since Dec 2017, and set a higher low relative to 172.95. Volume within this pattern will be key clue about how the pattern will break
We won't know for sure where this is headed until after hours when earnings are released, but the chart still offers a lot to get excited about on its own. As you can see we've got an extremely awkward cup, but it's only because MOSY seems to have bounced off the same resistance so many times and could really be applied to any of the spikes. If we see a definitive...
Semiconductor chips has broken above the horizontal flag it's been in since the strong rally off recent lows. The index ETF charted here, SOXX, was up over 13% from the 4/25 to 5/14! Today breaking out above resistance around $188, SOXX is up nearly 1% and with steadily increasing bull volume last few days. Roughly speaking, looks like the SOX is in an ascending...
hi all based off of fibonacci extensions and my special entry system i am looking at a short of AAPL for the next week or two. i am using fibonacci retrcement for my tp levels. im also using previous support and resistance levels for probable revesral points. we will see how it goes. if you like this analysis please follow my team and i here t.me
Tech has underperformed this month. I expect there to be a correction, in this bullish market as the underlying reason were not compelling enough for such a decrease relative to the other sectors (FCC ruling, nvidia boss selling stocks and expectation BABA overestimated operations). Specificly BABA has had a big hit, as seen by the extremly oversold RSI. blue...
I really dislike recommending short or long because I am a newbie and I just chart without news or feelings. So please take them accordingly. This is outside the channel now volume seems relatively high on down move compared to last time. 12.63 seems to be the support on Weekly- Daily support is 10.99