balinor

balinor Updated 

Falling knife, no guarantees. History shows that at the daily 200 it rebounds, and it's almost at $168. Excellent company with solid revenue, the drop is caused only by fears of reduced sales without any real evidence."

balinor

The price reaches the bottom of the symmetrical compression triangle in which it has been moving for weeks. A break downward brings the price back to the lows for a retest, while a possible (and I would say probable) rebound brings it back to the upper edge to attempt a breakout.

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The price has been moving below the daily SMA200 for a year and a half. All previous attempts to rise above, highlighted by the rectangles, have failed. In recent weeks, the price has completed a double bottom with a neckline at $1070. A close above this level confirms the double bottom pattern and positions the price above the 200 average, starting the new...

balinor

Two days with a devastating selloff at the close, a clear sign that the index is not yet ready to position itself above 6100. The first short-term light blue support was broken at Friday's close, and now the index will move towards the underlying support indicated by the blue trendline, where the daily SMA50 also passes through near 6000 points . Holding this...

balinor Updated 

The price is dropping again and is now close to the previous low of $70.08. At this point, the formation of a double bottom with a recovery is possible. In the case of a breakdown, however, a decline to the long-term support of $65 (blue line) or even to the monthly SMA200 ($60) is likely."

balinor Updated 

The price fails to reach a new ATH and starts a strong correction towards the green support area. The breakdown of the support will result in the completion of the double top with the first target at the weekly SMA50, which also coincides with the medium-term support trendline (blue). If the support holds, there will be a third attempt for an ATH.

balinor

One of the greatest fake news about Chinese IA bring to a major sellout Price reached weekly sma20 (gold line) on the bottom of red channel down I expect a fast recovery in the following days Stop below the red channel bottom

balinor

The price is climbing back within the green channel. In recent weeks, it reached the long-term support area of $65-66 (indicated in blue) and regained strength. Now it is preparing to break the purple resistance in the coming week. A close above will start the next bullish impulse towards the ATH indicated by the light blue resistance

balinor Updated 

Head and shoulders in the beginning but then price dropped a lot cause of bad results of new obesity drug Today new worries about price review put the price below the blue support Price reached weekly sma200 now and I expect this can be the recovery point

balinor

Since last summer, the price has started compressing within a symmetrical triangle. Volumes are also perfectly balanced with the POC located in the middle of the triangle Next week's earnings could give the price the definitive direction, confirmed by a close above or below the two red and green lines

balinor

Price reached minimum again Double bottom pattern by the way but price must close a candle above 32$ to confirm

balinor

The price is completing the formation of an inverse head and shoulders pattern with a neckline around $326. An imminent completion with a strong upward movement is possible. The volumes also confirm the pattern

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Price finally breaking out of green channel up A lot of GAPs are waiting to be filled upward

balinor

Price cannot drop below 18,85$ from many weeks and looks like it became a strong support Downtrend trendline (purple) is getting closer and a breakout will probably happen soon First resistance at 21$ (light blu)

balinor Updated 

Fake news hit badly and price dropped to the bottom of green channel touching horizontal support at 546$ High volume Lot of gap to fill Maybe price will move few days on the bottom before the expected strong rise

balinor

Price closed outside red trendline and a new uptrend will probably follow Upmove started from sma10 and closed above sma50

balinor

Third competitor of obesity race is getting ready Price reached weekly sma100 and touched bottom of green channel up

balinor

An head and shoulders is almost complete Price moving below 67$ can activate a major drop heading to 62$ as a first target