EL like ULTA was beaten down in covid times. It jumped in 2021 and fell in 2022 and 2023. 2024 might be the year they thrive again. On the weekly chart, EL is back to the support of its levels of 2018. With an analyst upgrade coming from Bank of America it is now getting a bit of attention. Trend strength and relative strength were down. I see this as a...
The relative strength oscillator begins to lean towards the alts, after an initial important upward movement in BTC, the alts seem to want to follow the trend. I can deduce this from the fact that for the first time in the last two years, the oscillator has been downwards for longer than upwards, furthermore it has pierced the previous low, therefore added to the...
I see Bitcoin as ready to fall as its next move. Short sellers are positioning. Volumes are falling in a signal of capitulation. Relative strength is showing bearish divergence while price is in consolidation. The boxes are checked and it is the weekend when the price volume trend is typically sideways. This is demonstrated by the flatline PVT. I will...
Disney had an excellent earnings report last week. Today it is moving off its support of the moving average cloud on the chart and going higher on a day when the general market is sideways at best. A table shows its strength as compared with other commonly traded stocks. I will take a long trade here and perhaps hold it until the next earnings.
NVAX on a 120 minute chart demonstrates a trend down in the past month after a period of consolidation producing the POC line on the volume profile. The MACD shows some bullish divergence. The volume profile has high volume nodes at 4.0 and 5.0 separated by a relative volume void. NVAX fell quickly through that void. It can just as easily rise through it....
TSLA on the 120-minute time frame has finished off an inverse head and shoulders pattern with the bottoms on January 26 February 6 and February 14 respectively. Price rose above the neckline at 197 and appears to be trending to retest it. My target is 220 which is the 0.5 Fib level of the prior immediate recent January trend down. The relative strength fast...
On a daily chart, the price action of TSLA is shown to be in a descending channel. An indicator has been added to show the strength of various symbols as compared with QQQ the broad ETF tracking the NASDAQ 100. TSLA is doing very poorly but better than FSR and XPEV which are performing poorly but comparatively okay compared with TSLA. Of the symbols on...
The stock has broken it's all time high and given a retest in daily. Also the stock is retracing from its FIBONACCI 38.2 retracement level in monthly. Volumes look strong and RSI in Lower time frame supports an entry now. Sector - Entertainment. Entry 215 range. Target - 240, 260, 290. Swing trade target at 240 - 10-15% ROI.
On this 15-minute chart I have installed an indicator twice- to compare the relative strength of several symbols /stocks in its customization. One is set up for a 15-minute time going back 4 trading days while the other on the right 5 minutes with a lookback of only 30 minutes ( fully customizable). See comments in text boxes on the chart. I believe that...
NASDAQ:AAPL consolidating tightly. Awaiting the next breakout to around $195 supply area. Potentially looking at new highs after that. These are my views and analysis and is only used for educational purposes. I am not a financial advisor. Nothing in the information posted here is intended to be or should be interpreted as trading advice.
Greetings Esteemed Investors, I've received numerous inquiries regarding my gold (XAU) long position. Some of you have even suggested that I might be mistaken and consider XAU to be bearish. While I cannot assess your individual trades, I can provide a more detailed explanation of my rationale. Comparing Indicators Top Chart: Supertrend This chart...
- Restest of 1st Trendline - 0.5 retracement of the first wave - Strong Momentum - Enter Between 1500-1520, SL- 1420, T1- 1670, T2- 1820 - Major Resistance - Related to the event, Breakdown from base & Gap Down
The stock is coming out of the Supply Shadow of the "BC" bar. The Relative strength is turning positive. Buying Pressure and Money flow are already positive. Another upbar closing above the shadow preferably above today's High will ensure that the stock will move much higher. Also on the weekly as well the stock is moving above the supply shadow of a BC bar....
Primary Chart: IWM / Russell 2000 Weekly Timeframe The Russell 2000 (IWM) is often a leading indicator in US markets. It led to the downside in early November 2021 after a false breakout out of its 2021 topping-pattern's resistance around $234. SPX topped nearly two months later on January 4, 2022. While small-caps are not necessarily always the first to make a...
In the dynamic world of cryptocurrencies, every project charts its unique course. However, sometimes, two projects exhibit strikingly similar patterns. Such is the case with OP and TON, where their charts mirror each other within a large ascending triangle. Yet, beneath this surface similarity, the level of volatility introduces a fascinating twist. Chart...
CRWD - Ready to bounce? Despite the steep decline in the general market that started in mid July, CRWD was actually trending higher, showing good relative strength. In fact,it is still trading above its 50 day MA while both SPX and NQ is now well below this MA. There are a few signs that CRWD could be ready to bounce from it's recent correction that started on...
United Bankshares Inc (NASDAQ:UBSI) released its Q3 2023 earnings report on October 25, 2023. The company reported earnings of $96.2 million, or $0.71 per diluted share, compared to earnings of $92.5 million, or $0.68 per diluted share, for Q2 2023. Despite the challenging environment, UBSI demonstrated resilient performance with accelerated growth and...
In parts one and two (linked) we discussed the construction and use of relative strength ratios (RS) in trading and analysis, common errors, and best practice. In part three we look at the consumer discretionary to consumer staples ratio and attempt to draw trading and economic insight from that analysis. Any method used to analyze a single security price chart...