Signs of reversal on oversold market Same trading tactics.
We are holding above the Bollinger band and the MAs and the momentum is increasing.
13CCI still shows not divergence, indicating that upmove is not complete. But seeing a CCI tlb of up-trendline along with very tiny stop required, some folks are happy to risk that for a potentially big move down. Price complted an abc up, but be nimble for further move up S 1.18315 SL 1.1838 or 1.1864 TP 1.1546 or a lot less. Exit when CCI crosses up thru a...
Hoag's 80% Value Play (Election Day Short-SELL THE NEWS) Uber looks Toppy, Multiple Potential Dbl Tops (Unconfirmed) Reasons for Trade: 1. Have retraced to areas of .618-.786, and to + .786 of its range from IPO high and most recent high, respectively 2.At volume high rn, break back into value, and held for 2 consecutive 30m candles, suggests price will revisit...
When comparing tech focused ETFs/indexes, namely $NDAQ and $XLK, we can see that $SPY has recently been outperforming them. My theory is that this is an unusual case and a sign that tech stocks are near tops. Given that I did not receive the dip I wanted, I have difficulty putting on a short position on tech. There is also the factor that the highs have not been...
We are getting fresh momentum to retest the quadruple bottom of the first half year and the October top again.
SMAs have crossed and both the 30 min and 1D carts looking nicely bearish.
There has been some divergence showing up on the daily chart again. This, in conjunction with candle wicks and prior resistance, may have been interpreted as a slowing of momentum and a possible dip buying or slam play opportunity coming up. A break below the upward wedge would confirm.
One of two things will happen: Many puts will be OTM, we rally - I will consider closing positions whether they are in profit/loss or roll over The PC ratio will continue to push forward - I lose a bit on this but net profit on overall positions
Everyone knows about Zoom Video Communications , but Twilio is another cloud-based beneficiary of the coronavirus pandemic. TWLO has had a trio of positive headlines this month: 10/2: Guidance raised 10/12: Acquires customer-data firm Segment 10/26: Earnings and revenue beat TWLO has declined along with the rest of the market in the last two weeks....
S 1.183 or earlier. Took too long to draw/annotate chart H4 EUR.USD has two CCI short biases. First, the extended trendlines cross below the CCI zeroline, favoring downmovement. To catch a turn up early, monitor this crossing on lower timeframes. Second, the CCI pattern is one I call hitchhiker's Short, because it resembles a hand signal with pinkie in the air...
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There is new money flowing into this medical stock again. This could take it higher for a while at least.
Today we have developed a new downtrend and the sentiment is still bearish.
seems like price didnt break the 180 ema and didnt hit top of channel. VWMACD shows the current bull run is loosing steam