Its easy to get distracted checking the 30min chart every few minutes to check in on the most recent volatility but on the longer term chart some warning signs are still flashing:
MACD crossover / turning down
RSI below 50
Possible formation of long term head and shoulders set up
Significant volume support on the current uptrend much lower, not a ton of...
BTC short term chart looking a little weak with the 20 day MA firmly overhead and two new overhead resistance lines.
Coming out of oversold but not looking fantastic. Possible further downside towards 50k but room to run before the overhead resistance as well.
Long term 2W chart approaching key level. Breakout above $16 could indicate further upside potential. 20 and 50 week MAs provide some support w/ 50 wk turning up
XME testing 200 day MA with rising 20 and 50 MAs supporting below. Intermediate term cup and handle pattern. Small gap up above 23.85 to previous support zone. Good risk / return around $24.
A positive earning surprise / breakout above 19.60 could indicate possible further upside. 20 and 50 days provide initial support as well as key support level slightly lower around 15.69. Holding the 200 MA through earnings could be indicative of a long term bottom.
NOK in a strong industry group, has consolidated above the 200 MA and broken out to a previous support level. Positive earnings surprise
Key level around ~$4, further support w/ rising 100 day around 3.80
A breakout over $36 could indicate further upside with a large gap to fill.
50 day MA provides initial support followed by 200 day + previous support level.
Headwinds: questionable earnings report with large write down from slowing restaurant / commercial sales. *record US retail sales.
Carrier consolidating in its strong uptrend after a positive earnings surprise last week. 50 day moving average and previous resistance present a support level. Newer issue with significant accumulation volume.
Looks strong in all available time frames.
