Miss this big time. Seems like rotation to non tech sector. I was watching but too impatient as the earlier movement were small gains. Don't chase let it cool off. Let the 8 EMA catch up. Check my X post as Vwapp88.
With higher lows after bouncing off the bottom, looks like it's emerging. To watch. Fundamentals need to improve first.
Looking at the previous price pattern, it appears that similar pattern has appeared recently and when it hits the demand zone, it goes straight up. Let's monitor this. Super long if history repeats itself.
Note the two zones where NASDAQ:ARM is bouncing around. Getting lower sell point as it reaches the sell or supply zone which means sellers are drying up.
After a strong surge pulling away from 8 EMA on daily. The magnetic pulling effect brought down the price however still far from it's 8 EMA. Looking at hourly chart, it appears to have landed on 50 EMA in yellow. However, RSI still weak. Hasn't cross its MA. More room to fall?
The 8EMA magnetic pull is strong making price to come near the 8 EMA. Noticed the equally high volume with a big red candle is a warning too.
Lower RSI and falling and failed to cross the RSI MA on hourly chart. Higher probability of a retracement due to strong run up.
BITSTAMP:BTCUSD showing signs of a bull trap. Lower RSI against higher price. See last peak and where RSI is. SELL OR SHORT! DYDD.
After a strong run up for BITSTAMP:BTCUSD , the big red candle is a sign of whales dumping! As it tries to recover, the RSI hasn't cross the Moving Average RSI line. The higher the strong run up the higher the probability of profit taking! SELL! DYDD
CANSLIM trading principle sells when price goes out of channel, to high above 8EMA natural tendency to return to "earth". 😄😆
I like NYSE:EVR 5 month uptrend Mark Minervivi 's criteria I. Spotting maket leader. Strong fundamentals and forecasts.
Take note of NYSE:HD 5 Month uptrend. Based on Mark #Minervini criteria and economic conditions where interest rates are high. Home upgrades tend to remodel or renovate their homes. Study $ANF. LONG!
Observe the tennis ball action on NASDAQ:COIN based on Mark Minervini's tennis ball action. High and higher volumes after earnings. LONG! DYDD
NASDAQ:NVDA is showing a Mark Minevini's Tennis Ball action with at least 5 out of 7 days of high and higher volumes. LONG!
NYSE:NMR economy in Japan doing well. Here Nomura is forming a cup and handle after last good earnings report. Observe the linear 8EMA trajectory. LONG!
NASDAQ:SWTX strong revenue seeing positive reaction. Bouncing off yesterday's high.
Positive earnings report on this volatile but calmer now stock rising above 50EMA and passing trendline for continuous 3rd day. LONG!
Up and up NYSE:GOTU shooting above 50EMA in-line with NYSE:EDU $TAL. LONG!