It still off from new highs and has a lot of room to run off the trend line resistance, but I think it breaks through that and makes its way back to 4 figures.
Still trading down, it could form an area to consolidate before moving north.
It stopped, consolidated, made up its mind, and reversal is in full swing back to the all-exclusive 1000 milestone and beyond.
Open season, the stark contrast of a sudden squeeze is less likely, but positioning itself closer to 2000 isn't after the split with 4 trading days to go, I see a Bull with no end in sight till the end of the bell.
With everything ready to start the reversal, it will be an excellent ticker to watch closely. I believe every indicator, sector, and strategy in place can position it so it may move in both directions with extreme volatility.
With indicators still maxed out and doing well with the market sentiment and price action on all major indices, this has worked well, but as an individual stock, it may need to correct itself before continuing to make new highs.
Considering the pump after the split, folks are preparing to review their position. I still believe this can go to 150 and higher, but for now, I would contemplate retracing before continuing to return.
Volume isn't volatile; slow movement every day to make it bullish, continuing the trend, but the trend can't continue without a retrace. Which is why 160 is coming.
Still fully overbought and still maximizing opportunity with a green finish in the past two weeks, today's selling-off action, inverse to buying from a sell-off in the previous session, seems like it will have a few red days and then start consolidating. 230 is very realistic.
QQQ is so close to making new highs, and with the current market sentiment, it should produce that fairly quickly before seeing a correction before it picks back up and goes higher. IMO, based on market sentiment and rate cuts after soft numbers, there is still some way to go here.
The RSI is at a divergent point, and it seems to be the end of the road for ARM, concluding that it does shake off any momentum from markets to pay attention to its correction. The indicators, except the stochastic, which is lagging, may need a while before catching its breath, but a sideway continuation pattern between 160-180 before 200 could play out here.
With every indicator and level booming right now, it may not be long before we see some reset on the RSI and stochastic. Both sit at 70, but MACD is curling up to provide some sort of continuation, but the Bollinger bands are stretched out very thin; I wouldn't be surprised if it is low 500 before a continuation, but something has to happen to cool down the temperature
What a sell-off! With five trading days to go, this has sunk deeper than deep; from the stock split around the corner, many had predicted the 10:1 to be closer to 200 when it was approaching 2000, but now it seems there may be a bounce off the 100 EMA that is lurking around 1600, or the slight retrace was due to a correction. Still, the strong market after the 4th...
The stochastic is at double top; RSI is almost maxed out (so there could be room to let it go, and with the SMA 100 reaching 370, it could even bounce from there. I do see the indicators and the sentiment as bearish for now.
This is a chart that has been following the rules of support and resistance. With the current state of affairs, there is room to run on the stochastic, and the RSI and MACD still have room to go. The SMAA 100 at 189, getting closer to 200, may retrace to that level once it is time for a reversal.
The question is, can it break the 180 and move on to 200? That's the question; the reset has begun even though it went to 155, which was the center line on the BB, but the stochastic is still at 60. Even though it declined, it is persistently holding this spot but is inconsistent in how far down it goes. With RSI at the high 50s, a trendline was also formulated;...
The RSI needs room to run, and the MACD is curving. The BB is squeezing; I've never seen a squeeze like this. I'm pretty sure we see 135 at this point, but it may require some reset. I pointed this out before consolidation after a run or a correction after a more extensive run neither ruling out the possibility of a significant squeeze nor a minor retrieve.
Everything is seemingly headed in a direction of support, and retest key areas on the trendline, and with a lot of room above and below, there may be a few tests around this region again before it shows a solid upside movement.