After the formation of bullish triangular structure with wave - e , as a final setback , stock has successfully crossed the level of wave-d . One should go long at current levels keeping the Stop loss below the level of wave-d (120$) or the lows of wave-e (112$)
The target level should be the recent highs that is 138$ and post that level the triangular thrust...
Stock prices start moving in one clear direction when either Buyers or Sellers become dominant.
Zeta Scanner indicator for TradingView.com tries to detect the momentum in any index, stock, gold, silver, currency etc and plot beautiful Buy or Sell Signals for you to follow.
It is very easy to use as explained below:
This gap up was basically a exhaustion but due to exuberance the price moved further away despite the bearish setup but now a correction is awaiting to happen after this irrational move. Also, a bearish harami candlestick pattern has been formed on the daily chart followed by a indecisive candle and then again with a bearish candle suggesting a...
H&S formed on the Hourly chart at the support level of the tunnel.
There's two scenarios here:
1- H&S breakout confirmed and this will also confirm the tunnel breakout. Becoming into a strong selling position
2- H&S fails and price comes up to test previous resistance level completing the wave (5) followed by a big pullback correction
MACD and RSI should...
AAPL - Monthly Chart
Chart formed resistance at Sept 2018. It provided breakout during Oct 2019. It created a high during Jan 2020 and came back to the resistance zone during March 2020.
Price action behind Apple - It broke the resistance and retested the zone. Also formed a green candle for better confirmation. It retests the moving average too. Resistance...
****NOT AN FINANCIAL ADVICE****
This is the long term perspective of APPLE INC.
1. Rejection from zone 1.
2. Close below zone 2 - a. bearish
b. price will lead to 232.07 line
c. 228.87 is also weekly broken resistance which we anticipate to turn it to support when price comes around it.
Apple weekly view:
On a weekly time frame a bearish divergence can be witnessed
on the chart.
A bearish divergence occurs when prices go higher but the RSI remains lower.
Watch the 2 red arrows.
This friday as on 13/9/19 Apple gave a close at 218.75.
Now the immediate support is 212.72. If this is cracked heavily we can see down
ticks near 208.78 and 204.55...