ricemarine

ricemarine Updated 

Bullish signs Divergence on MACD Descending wedge For this to happen, I would want to see a breakout above the 20EMA

ricemarine

Signs: Bullish divergence on MACD Descending wedge contracting It's seems to be following below the 20EMA, so for this to work I think it needs to break out above it.

ricemarine Updated 

I was under the impression we would have another leg down in the descending channel and hit 385-400. However, with this channel breakout, and above the 200SMA on the 4h, I'm having doubts of that happening with this change of character. Furthermore, the signs was definitely showing in the MACD and RSI as well of a bullish divergence while in the channel. Fake...

ricemarine

Bullish Signs: Bullish divergence on the RSI Bullish divergence on the MACD Double bottom potential (could bounce in that range though) Bearish Signs: In descending channel Breakout from rising wedge Weak pullback to the wedge Not a strong short term play, would classify this as risky if you want to play the short term upside. Less risky...

ricemarine Updated 

Signs: Below 200 SMA on daily Symmetrical triangle broke down to a descending triangle RSI on daily still has some room to fall (basically in oversold territory though) TSV still pointing towards selling pressure /distribution If we convert the formation to a descending channel, it shows a target of the gap @ ~$16. We also fell through the middle of...

ricemarine Updated 

Signs: Divergence on Stochastic, MFI, and RSI on Daily Potential bullish bat pattern going from C to D. Points to $430 200 SMA on daily is ~$430 The catalyst could be the FOMC on Tuesday/Wednesday.

ricemarine Updated 

Bullish Signs: At long-term support trendline At bottom of downtrending regression channel Fighting between middle-term resistance line from the pumps Short-term RSI bullish divergence I could see PT1 for the bulls to be around $22, with PT2 being around $30 where the gap is. PT2 coincides with the top of the downtrending regression channel.

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Bullish Signs: Bullish gartley completed (on long term trend) Bottom of support trendline of a falling wedge Short-term RSI bullish divergence (against the trend) Potential completion of the ABC Elliot wave correction If this is right, we could see an attack into the SMAs (possibly the 200SMA ~$250). Would also think another attack would probably...

ricemarine Updated 

Signs: Breakdown from the $190 support zone. Bullish butterfly detected. Going from C to D. Matches angle of channel on weekly. 200 SMA on weekly is around $130 SQ currently below 50 & 200 SMA on daily RSI pointing to selling pressure. No signs of bullish divergence yet.

ricemarine Updated 

Almost at the buy zone. Feel free to comment if anything seems off!

ricemarine Updated 

Bullish Signs: Large volume the last few candles showing bulls trying to stop the drop down below the 200 SMA on the daily. Bullish divergence on MFI and Stochastic implies volume attempting to push it up Market trend is leaning towards positive. Completed bullish cypher pattern Returned to the support of an ascending channel Squeezing between 50 and...

ricemarine Updated 

Signs: Under 50SMA on daily. Above daily 200 SMA at 46000 Hidden divergence in RSI. Bullish cypher pattern showing a start to D. This is all if the channel breaks. Based on RSI, I would lean towards it's very possible.

ricemarine Updated 

We broke through .886 for XD, leaving 1.618 left for a bullish crab (C to D in motion) BABA has been in a downtrending channel since Februrary. Both of these point to ~110 ish as the next target

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Bearish Signs: Deep crab pattern. Point to ~$750 (or Butterfly if you start from the gap up) 200 SMA on daily. Pointing to ~$750 Next support after filling the gap, ~$750 14-period RSI on daily shows bearish divergence (not hidden). This would be about the 61.8% retracement for the entire wave. Would be the target with a double top pattern ~$750. ...

ricemarine Updated 

Currently in corrective trend. Long term channel, with the support being around $2.60. 14-period RSI (daily) entering oversold territory. Last time it did the stock skyrocketed. Do note that there is a lot of resistances to push it up. SMAs (50/200) channel top wedge bottom

ricemarine Updated 

Signs to note: Bullish bat forming. Currently on move to leg D. PT $32 200SMA on daily, PT $32 TSV below 0 indicating selling/distribution pressure. OBV still inflated, indicating buying pressure. If we don't hold the current support, the next stronger support would be $32, and would complete the bullish bat formation (and then push up). This would...

ricemarine Updated 

Seems to be respecting the 200SMA as well. Current price is a bit below the projected point D.

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Deep crab is complete on daily, indicating extreme oversold conditions. This is confirmed with the RSI. Looking for this to prop back up eventually.