The stock was recovering from a big down move. Then it encountered a BC bar. It took more than three months to come out of the supply shadow of the BC bar. Now it has succeeded to come out of the supply shadow and cleared the last point of supply as well. This accumulation of three month has given enough strength to the stock to move up further. All key...
The stock up move was stopped by a "BC" bar. Then the stock was push down to the 50 DMA. Taking support from there the stock started to recover. Now seems to succeed in crossing above the the supply shadow of the "BC" bar in the second attempt. Money Flow and Buying Pressure were already positive . The Relative strength is also turning positive. A good close...
We have been following this stock from 83 levels in July when it formed a nice VCP pattern and was ready to move up. Then after a encountering a “BC” bar the stock was stuck inside the supply shadow of the “BC” Bar. After some consolidation and a “spring’ the stock started to recover. Now it has come out of the shadow of the “BC” bar and has crossed above the...
After facing Rejection around 280 levels, the stock retreated to below 50 DMA levels. After taking support from a previous Support Zone, the stock started to recover. Now the stock is attempting to take out the previous Price rejection Zone. The up move is supported by a positive Relative Strength, Volume and Money Flow. The Buying pressure is also positive. A...
As anticipated in my last post the stock moved up. Up by 10% now. Negotiating another supply area now. All favorable conditions remain the same. Above 750 the stock will move up much further.
A stock to watch. In the month of July when we encountered a BC bar, We did expect that the stock will face supply and struggle to move up. The stock did face lot of supply within the "Shadow of the BC bar". After getting pushed below the 50 DMA the stock was on the recovery move. Finally it is attempting to move past the shadow of the "BC" bar. Relative...
Triangle Breakout with Strong Volume & Momentum SL - 287 Nearest resistance- 350 to 365
The stock after facing a “BC” bar retraced to the sub 50 DMA levels. Then recovered and moving past the supply shadow of the “BC Bar and making a new high. The relative and absolute strength are positive. There is also Money coming into the stock. The delivery volumes are high indicating committed buying. The poised to go higher.
To follow up on my analysis of NFLX from Wednesday ... Despite the market moodiness and selling, NASDAQ:NFLX reported well above estimates. HFTs triggered a huge gap up on heavy pre-open order flow yesterday. Volume was also huge, so smaller funds' VWAPs triggered and retail traders chased the stock while Pro Traders and HFTs made some big profits. Gaps up...
VRT has been up more than 200% since late April 2023 bottom, demonstrating key true market leader characteristics in terms of price advance, volume profile and fundamentals. Look at how well and orderly price was following along the 8 EMA and later 21 EMA since the break-out from a large 195 days base (with two unfilled gaps first in Apr and in later in...
YNDX has landed perfectly into the lowest border of my ideal support zone of my wave (iv) projection. Until 2320 holds, I will expect the price to: 1. Move above the short-term 8/21 EMA and long 50D MA and 10W MA; 2. Form the right side of the cup with buying volume predominating above any selling volume; 3. Any low-cheat/cheat or handle area break-out pivot to...
Based on analysis of Price Action and Volume together, we can see that current volume is trending higher while the Price has Red TrapZone formed. Therefore there is NO VALID Trade Bias. Price action analysis is performed by TrapZone Pro. I published a "Volume Only" analysis using the Unusual Market Volume Detector as well to form a contrast. Price action only...
The candlestick pattern indicates a price action to break out R1 price resistance without volume support which shows low conviction and interest from buyers. Therefore, the price is more likely to continue moving up because of the less resistance from the seller. The price action uptrend move is not in tandem with the positive trend where MACD and RSI didn't...
AVTR had formed a double bottom since 27 Apr but it was not until 19 Jul that it began to gain momentum to the upside, rising and staying above a mini neckline @ 21.80 since 21st Jul. It is expected to announce earnings tomorrow on 28 July. Should the stock rise on earnings release, I would be interested to accumulate on the next dip. However, as the stock is...
Sound Hound under the Umbrella of AI plays. Slowly curving up out of Inverse head and shoulders.
EURUSD is Bullish in the big time frame, but first some imbalances need to be filled, and as price break previous structure we can take this good opportunity.
Chart is clear, in the bigger picture price tends to fall at least one more time to reach some important liquidity areas. And price is clearly consolidating for gaining some momentum. I expect to see price falling from one of the previous highs.
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. PARAGMILK is in downtrend from 2018 and Forming Descending Triangle and broke trendline resistance with good volume. CMP is 112.30 Nearby Support is at 98. Nearby...