The one-week chart shows a strong resistance level that failed to break 4 times. Now in its fifth attempts, which may be equally unsuccessful. The NYSE has encountered a strong level of resistance, as well as simple and hidden divergence. This does not mean that the index will fall, perhaps it is just temporary stop. A clearer picture of the trend is visible over...
At this time NIO have it nice run and that run and end 5 Elliott wave price adjustment. Recently, a new wave has begun and it has already passed the first stage, when during the second stage the price will fall to level X, the price will fall by about 2-3.5 USD. The price will definitely come back from this level, as there were two GAP levels in the past, this...
An inverted hammer was formed last week, it was with GAP, and the candle formed a long shadow, meaning buyers were aggressive and raised the price to a higher level, but sellers took control on the last day of the week. From a technical point of view, it can be said that the price has a chance to rise, because according to the stochastic indicator the fastest K is...
On the weekly schedule, a second double-bottomed bottom is formed, which could raise the price to $ 90 in the next month.
Or stock model will fail if the market behaves negatively. In this case, a side move or even a drop in price to the lowest level of support is possible.
After the bearish divergence, the price has dropped with the whole market, so the piercing pattern model is ideal for a price return of + $ 55 or even more.
Of course if that pattern proves to be true.
The monthly Dow index is dominated by divergence, thus indicating the direction of the market, the same was in February during the covid-19 expansion (the market anticipates this a few months before and do not understand how it did so). With the formation of the divergence against covid-19, it began on September 04, 2018 (dark red) (blue line on January 2, 2018)...
On Friday, the price reached its lowest point this year at $ 31.91, but did not break the support level that formed between Oct. 30. 2020 and 02 Now 2020 it was GAP. So Friday formed Hanging Me, which opened at $ 0.04 below Thursday’s closing price. Also on Friday the closing is on the support level and on the Fib O.5 level (Fib top was 24 Feb 2021. The low was $...
After a sharp drop in price, the momentum equals, which is a positive signal. The RSI has also fallen gently, which means a positive side. There are also strong support levels for the GAP at Dec. 11 and 15. I think four scenarios are possible.
1. The NIO drops to $ 36 or $ 30 and the price recovers over time.
2. The fall stops at the support level and the price...
