Fairly bold post considering today was PYPL's worst ever trading day but... I see a reversal in PYPL's downtrend incoming. The RSI is indicating that shares are far oversold on the weekly chart. As shown above it is approaching pretty solid support which could serve as an entry. Just speculation...
As you all know, TWTR has been in a pretty steep down trend for about the last 6 month. Nothing right now is really telling me a reversal is coming, especially with the way the entire market has been preforming in 2022. However, I don't like trading based off trends alone. So, I have identified a continuation pattern with the bearish rising wedge above. One of my...
Technical Analysis behind my short position on NIO. I have been watching this triangle channel for a while now and with this last week, it appears it has strongly broken out of that candle. Before entering a position I am waiting for it to retest the bottom support of the triangle. Just speculation :)
With the US stock market appearing to be in a pullback, there are plenty of reasons to be bearish right now. Based solely on TECHNICAL ANALYSIS, I remain bearish. AAPL is showing a clear head and shoulders bear pattern. Head and shoulders is, in my opinion, one of the most reliable price movement indicators. Just speculation (:
Despite the recent pullback in the US stock market, I remain bullish on KSS. As shown in my analysis, there is a pretty clear bull flag patter formed in Kohl's price movement. The last KSS bull run yielded 250% return so there is significant upside should a breakout occur. Not finacial advise, simply speculation (: Good luck!
Some price analysis on Ford stock based on trend lines and support levels. Not financial advice, just speculation.
Break out of triangle channel for CIB coming? entry point set, large profits to be taken! Not financial advice, just speculation.
This is my first time publishing any analysis and I have also not been analyzing charts for to long. This post is more so looking for feedback on my analysis, but if it helps others, then great. That being said, I am confident in shorting BAC as a result of the bearish indicators shown in my chart. For one, it is hovering above a support level that I think needs...