Hi all, Quick update on this stock chart that's related to my previous post (Please check the linked ideas for Technical Analysis) As you all can see the market has hit a key support level. Please be wary that should the market fall further than 0.3805 (Current Level) - This may not go in favor because the next supporting structure level is at 0.2700....
Technical Analysis 1. Large Head & Shoulders 2. Pennant/Falling Wedge with Large Flag Pole 3. Market Retraced to Fibonacci 0.786 (Silver Zone) 4. Forming of 2nd Shoulder for Head & Shoulders 5. Market Sitting on Support Structure 6. 1st Safe Take Profit at Fibonacci Expansion Level 1 (Grey Zone) also at Flagpole length 7. RSI at oversold zone Note that another...
Watch to see if it can stay above it if not it could continue sideways. The 4H is key to hold for bullish momentum to continue. Not financial advice
Here's my little analysis of Acasti. This is purely off technical analysis and nothing related to the news. This is the monthly chart. As you can see we are trading in between two parallel lines which usually signifies a countertrend movement and is good news for higher prices. However on the smaller time frame, it looks like we are trading within a expanding...
Descending channel in play. If it drops down to support zone buy the double bottom bounce!
Greetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox). Pra Trading : - Please care for Money Management - Have a good psychology - Do not be hurry to open position and do not do...
Acasti is back at old support and in a wedge sitting on the 0.382 fib level the last 2 wedges worked out perfectly so let’s see how the third one goes
ACST - Bullish divergence on the hourly chart may signal a reversal and move up to test the 1.00 in a double bottom formation psychological price level.
ACST - Like many others today fell on market sentiment prior to comments in the senate by fed chief. I'm waiting for a close above 0.80 before I enter long. I'm looking for a move up to psychological level of 1.00
Not financial advice
Bullish Pennant, Pros: Descending volume during formation PPS above 50MA and 200MA Golden cross in blue RS above 0, but descending ATR Ascending R/R ratio above 5 200MA Ascending 250RSI above 50 Target: PT = 1.68$
ACST popped onto my radar because of the increase in volume. The last few days have really encouraged a soft upward trend in a channel. No strong pennants or triangles: it's been consistently choppy - but to the upside. Technical traders rely on the tenant that history will repeat itself . I think a short term burst might be on the horizon, especially if this...