I have been tracking this ETF for a long period of time. We just broke one-year resistance and clear evidence on the fib retracement (specifically level 0.5) shows that the price was weakening.
Technicals aside, there is no reason as to why this should move upwards. This pandemic has taken out firms with high leverage, left more than 25 million Americans jobless,...
There is an amazing relationship between Twitter and Snapchat. They both have had great earnings, TWTR will most likely correct itself this next week, while SNAP will remain bullish. Watch the integration of Bollinger Bands, I feel could mean a possible adjustment in their relationship regarding price. Also, about Twitter, I love this app and will take it long...
More than technical analysis, this is simply my opinion on Bitcoin. Bitcoin has made people that have never touched an investment in their life, "trading geniuses." More often than usual, I have heard people that have little to no investing knowledge talk about Bitcoin as if they had been analyzing it for years. Let's look at a hypothetical case study, Joey from...
Hold patents until 2020 (acquired in 2016) w/ companies like Microsoft and other big names. This has allowed them to have a large steady income and have cash to fund more patents. This is to explain the company itself is stable and is backed by great management that will not pose risk in any way. Technicals show the creation of price channels that almost correlate...
If earnings allow it and price crosses 31.50, buy.
Technical:
- Has formed a triangle: breakout expected
- Reached ceiling of 2 year downtrend channel
- Already broke first 3 fib levels
- If crosses 31.50 will break into 0.382 level
- Hovering on buy zone
- RSI = GOOD
- Last 3 recent highs above one another
Fundamental:
- Building momentum on earnings
-...
I have been following this stock for a long time and have made great returns with it. The pattern scheme between the chart and the RSI can be used to predict an upcoming downtrend in the price of RMBS. Once the RSI exceeds 75 the chart bounces as the RSI levels out. This leveling out process takes about 20 bars (1 D) and then drops again. The MACD is also showing...
