Stock was near a major support. But it is falling continuously. It is forming a falling wedge pattern on the weekly chart. Because it broke a major support, we can see a short term bounce, but the overall trend seems to be bearish, until price breaks out of the wedge.
Google shares are being battered badly due to revenue miss and may continue for a while. Currently its in oversold zone so shorting wont be a good idea. for uptrend to continue or reversal it needs to close above it resistance and close above it on monthly charts. Below are possible support for the share in coming year 89 (first support) 72 (strong support) 64...
Relative performance. Note that NYSE FANG+ can be bought in India and is pledge-able, as MAFANG security / Mirae Asset NYSE FANG+ ETF Fund of Fund
Crude 15 minutes timeframe has 🐻 divergence. Chance of price drop is there.
WTI crude oil futures VS NIFTY futures plotted on Daily TF
On hourly chart, there's bullish divergence. Chance of upmove is increasing.
This can be good long term bet atleast with minimal Stop Loss.
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
Reason for long a) 2% Gap up strengthens the conformation of head and shoulder set up b)Global clues slowly changing to positive turns.. c) SL compulsory
Distribution Schematic #2: Wyckoff Bearish Phase D in progress
Reason for long a) two week breakout b) strong volume and strong price movement c) SL compulsory
STOP HUNTING is a strategy that force some market participant out of their position by driving the price of an asset to level where many individuals have to set their stoolies order.market makers triggering stop losses generally leads to high volatility and provide unique opportunity for investors who seek to trade in this environment. Fore is zero sum game if...
This is just for educational purpose. Trying to analysis some US top stocks. Enjoy Trading :)
1. Channel Breakout 2. Gaining Momentum 3. Breadth improving (% stocks abv 20 Moving averages)
Buy Now NYSE !!! Because bottom is form !! LONG IXIC component !!!!
This is just for educational purpose. Trying to analysis some US top stocks. Enjoy Trading :)