renasjalal

renasjalal

In my analysis, SentinelOne (S) presents a compelling buying opportunity at the moment. The RSI divergence, coupled with the price aligning with the trendline (200 EMA) and support level, indicates a favorable setup. Additionally, the formation of a double bottom suggests that buyers have regained control. Reflecting on the market since May 2022, we observe a...

renasjalal

BITFARMS LTD (BITF) has, like the cryptocurrency market in general, experienced a bear market in recent years. However, with the halving approaching, things are looking brighter for Bitfarms. From May 2022 to December 2023, the stock has formed an inverse head and shoulders pattern, suggesting that buyers have the upper hand while sellers have lost momentum. This...

renasjalal

Norwegian Air Shuttle (NAS) has formed a reverse head and shoulders formation, signaling a shift in dynamics between buyers and sellers in favor of buyers. Since June 2021, the outlook for NAS has been uncertain, but there has now been a significant breakthrough above a resistance level. The range between 13.5 and 13.7 has been a significant resistance zone for...

renasjalal

The dynamics between buyers and sellers have shifted in ADA. Cardano has transitioned from establishing Lower Low (LL) and Lower High (LH) to establishing Higher High (HH) and Higher Low (HL). We witnessed a breakthrough on December 8, 2023, with high volume, resulting in ADA establishing a double bottom formation. This is a reversing pattern, indicating further...

renasjalal

Magnora ASA is a Norwegian company operating in the field of renewable energy and sustainability. They specialize in the development, investment, and operation of projects related to wind power, solar energy, and other renewable forms of energy. The stock is currently in an upward trend, characterized by the establishment of Higher Highs (HH) and Higher Lows...

renasjalal

Elmera Group ASA, a Norwegian electricity supplier catering to both private and public residences and buildings, has experienced a downward trend from September 2020 to September 2023, characterized by consistently Lower Lows (LL) and Lower Highs (LH). However, over the past five months, from May 2023 to September 2023, the stock has entered a sideways trend, and...

renasjalal

Here we have another example where the dynamics between sellers (bears) and buyers (bulls) have shifted. The first indication of this change occurred in May 2023, where bears failed to establish a lower bottom. Instead, bulls broke through the previous lower high and pushed the price up to $20 in June 2023. In September-October, the price formed a higher low, and...

renasjalal

In June 2023, sellers failed to establish a lower bottom, and buyers took over, pushing the price towards the resistance at $114-116.3, breaking through the previous Lower High (LH) which was in March 2023. In July we got a Higher High (HH) and in October, the market formed a Higher Low (HL), indicated by a new bottom higher than the previous one. The positive...

renasjalal

In light of my market analysis, there appears to be a noticeable shift in dynamics between buyers (bulls) and sellers (bears). It is particularly noteworthy that bears were unable to establish a new bottom in the September-October period, while bulls successfully broke through resistance, propelling the price to $17.9. Based on my current observation, I am...