Hello Everyone! Looking at the daily chart of Foot Locker it is quite interesting to spot the divergence between price and RSI once it reached the upper Bollinger Band and the previous bounce of the price off its 100 sma.
Considering that FL has recovered almost all have been lost during the pandemic, and earnings are coming on 20th November, it seems there is...
Hello Everyone! We have left AMZN with a possible reversal pattern on the way few days ago, here what has happened :
Friday 4th Sept close was a hammer, the price traded lower to its 50 sma and reversed up to its 20 sma designing a hammer which had to be confirmed the day later.
Tue 8th Sept (after Labour Day) the price went south closing below its 50 sma...! Not...
Hello Everyone! let's look at the chart and see what we spot after two days sell off on AMZN and on indexes as well.
Yesterday AMZN traded across its 50 sma which acted as a support area and at the end of the session it almost recaptured its 20 sma at 3303 (closing daily at 3294). The candlestick it formed is a hammer, known also as a bullish pin bar. This type...
Hello Everyone! It seems now long time ago I wrote about FB trying to breakout at 241 USD (it was just June...) and we find it today above 300 USD...!
Aldough I believe that this company has all good cards to reach 1 T Dollar of capitalisation in the near future, does not mean it will reach it the next days.
Market goes in waves : waves up and waves down, a...
Hello Everyone!
TWTR is approaching a previous area of resistance, that area is important as price has been rejected previously a couple of time back in February.
The coming earnings scheduled for 23rd July might play an important role as well.
Price might start trading through that area and be rejected one more time or, good earnings results might push the...
Hello Everyone! Watch the closing of BAC today as price came closer to its 20 sma and looks like ready to bounce off heading north.
Where north ? if that will be the case 27,50 is next target, than 29,00.
If trend will remain bullish we are going to get confirmation from XLF as well, very close to its 20 sma the index looks like the photocopy of BAC, than if BAC...
Hello Everyone! Let's look at RVLV which is going through what it appears to be a consolidation period.
Price has been trading last thirteen days sticked to its 20 and 50 sma daily, mmmmhhhh.....approaching Q2 earnings release next week it seems something's boiling....
This kind of behaviour looks bullish to me, a kind of building energy for the next leg up, and...
Hello Everyone! INTC has been pushed lower last week touching its 200 weekly moving average and out its lower Bollinger bands.
Despite the strong momentum for the semiconductor sector, price reached below 50 usd once again like happened last March.
In a five years chart you can spot 3 cases where price went all the way towards its lower Bollinger bands, touching...
Hello Everyone! A bunch of signals from MSFT after Friday close, let's start.
Following recent all time high, price starts to breath out and looks like to find support at 50 sma daily (195,78), where very near we can spot the first Fibo retracement ( 196,86) actually not even touching those levels but bouncing off before reaching, infact the low of the daily...
Hello Everyone! The divergence spotted early June on 1H, 4H, D and W timeframes did not take place.
Amazon is showing a strong momentum bouncing on the 20 sma on its daily timeframe.
Aldough on shorter timeframes divergence is still in place, on W timeframe the RSI divergence disappeared after the recent rally, the indicator is in overbought level at a value of...
Hello Everyone! We have left TWTR on its 20 sma support area which after few sessions did not hold and price went lower to the 50 sma where it found a new support yesterday.
Is that last line of defence ? Not really, price can always go lower and find another level of support, but check this : today price closed above its 50 sma at 31,37 after a low at 30,82...
Hello Everyone! Today quite a weird close for BAC few cents below its 50 moving average, this moving average sustained the price action since the lows of March, is this behaviour a sign of weakness ? It might be, as it had all chances to close above this level and it finished below.
Price is trading in an important area, very close to the 50% Fibonacci...
Hello Everyone!
Amazon stock is among the ones have benefited more during the pandemic, price is up 50% since the bottom in March and divergences started to appears in many timeframes from 1H to W.
I expect the divergence will be effective perhaps sooner than later, despite the strong uptrend, and price to retrace below its 50 sma, likely to hit the previous...
Hello Everyone!
Twitter dropped today and might have found support at its 20 sma which is also a Fibonacci level (38.2%), will this level holds ? Is always hard to predict the future, what we can do is to follow the price action and the indicators.
RSI is now showing a divergence with the price...mmmhhh...a round minus 6% in a day might be enough or do we have...
Hello Everyone!
we have left FB after a double top at 241 area and a RSI divergence on the daily chart, what has happened this week ?
The divergence is still in place and the price seems has built energy for a new attempt to area 241 as the lower price of the retracement of 11th June has not been overcome. Let's see if the price will break new highs or will be...
Hello Everyone!
We have left GOOGL ready to break resistance at 1440 and fill the gap at 1478 but see what happened : price has bounced on 20 sma and break resistance, but in the end the high of the candle of 10th June was 1472....than it came back and didn't fill the gap....in my opinion this is a short term bearish signal.
Yesterday Nasdaq was down 5,01% and...
Hello Everyone!.
NDX first close above 10000 points, Facebook is now at its high, but...what do we see looking at the chart? Is this a double top?
High of the day at 241.20, previous high at 240.90, the question coming up to my mind is it might be an area where the price has been already rejected two times and might retrace towards 20 sma to breath in before...
Hello Everyone!
Revolve filled the gap today, what next ?
Basically we have two scenario :
North direction, still have fuel to reach 21,00 level, previous resistance.
South direction, price will likely retrace as RSI is overbought and too far from 20 and 50 moving averages, nice retrace will be the high of the candle of the 14th of May where price has been...
