Look out for confirmation, we have seen recently with the Sketchers SKX stock that the gaps tend to get 50% filled, so this could mean a possibility to short this stock in the next few days. RSI is very oversold today. Let me know what you think in the comments, like the idea if you agree, and follow me for more tips like this.
Looks like a possible long setup for the short term, but beware of nearby resistance. Wait for confirmation. Like this idea if you agree. Follow me for more tips like this.
The Canopy Growth Corporation (WEED) stock has been trading at the top of its price channel for many weeks now, will it continue to keep up the strength, or will we see some short term dips in price? This is my forecast for the next few months. Like the idea if you agree and follow me for more ideas like this.
Wait for confirmation of resistance from the upper trend line before the price heads down again. This is supported by the high RSI level. Like the idea if you agree and subscribe for more tips like this.
After such a dramatic rise in a down trend the price is due for a correction downwards. Also the RSI was very high as well so that supports this prediction. Like the idea if you agree and follow for more like this.
Nike stock could break bearish in the near future.
A breakout is most likely to be bearish and fill the gap in the chart left previously in the bull run.
It looks to me like an expanding descending wedge pattern which could result in a bullish breakout for Canopy Stock. Wait for confirmation.
If we see a bounce upward from the support line it could be a good long trade. Wait for confirmation.
As the price approaches historic resistance levels I expect a small bounce for Alibaba BABA stock. This is supported by the RSI indicator. Like this idea if you agree.
In the next day or two we can expect to see another price movement for bitcoin. Do you think it will break bearish or bullish? Hit like if you like this analysis.
It is imperative in my opinion for bitcoin to respect this all time trend line, we are approaching it in the near future. I think the price could dip further in the next few weeks, but then a new bull run will begin. Let me know what you think in the comments. Like this idea if you agree!
The descending wedge pattern is clear on the 15 minute timeframe, so look out for confirmation of a bullish short term reversal. Hit like if you agree!
Bearish prediction for Facebook stock ahead of earnings. I think the resistance line I've marked will be tested again, followed by a bounce, and if the earnings report is good we could see the previous gap get filled. This is supported by the RSI indicator. Hit the like button if you agree.
There appears to be a rising support line which the price action does cross occasionally. I'm expecting the price to dip below it slightly as the RSI drops, then look out for a bullish reversal. Hit like if you agree.
Look out for confirmation of a bullish reversal expected as the price hits the support line I've marked on the chart. This is supported by the RSI. Like this idea if you agree.
Keep an eye on this stock for signs of reversal. Like this prediction if you agree!!
Looking at the RSI levels the Amazon price could be due for a bearish reversal very soon so wait for confirmation. Like this idea if you agree.