The pattern in the Alibaba (BABA) chart looks like a symmetrical triangle breakout, not a descending wedge. Here's how it aligns: Symmetrical Triangle: This pattern consists of converging trendlines, where both the highs and lows are moving towards a point, forming a triangle. It typically indicates a period of consolidation before the price breaks out, either...
The chart analysis for Gold (CFDs on Gold, US$/Oz) shows a breakout pattern indicating a strong upward movement. Key observations include: Long-term Ascending Triangle: The chart depicts a long-term ascending triangle, a bullish continuation pattern, indicating a potential further rise. Breakout and Target: A breakout from the triangle suggests a target price of...
This chart depicts **Constellation Energy Corporation (CEG)** on NASDAQ with a daily timeframe. Here's an analysis of the current price action: ### Key Observations: 1. **Falling Wedge Breakout:** - The stock has broken out of a **falling wedge pattern**, a bullish signal. The wedge starts around the high in May 2024, with a steady decline until early...
This chart depicts the stock price action of **CrowdStrike Holdings, Inc. (CRWD)** on the NASDAQ, displayed on a daily timeframe. Here's a breakdown of the analysis: ### Key Observations: 1. **Cup and Handle Formation:** - The chart clearly shows a **Cup and Handle** pattern forming, which is a bullish continuation signal. - The "cup" spans from June to...
MLTX - Chart formed Volatility Contraction Pattern (VCP) gave breakout with good volume. Need to see follow-up buying for target of 63, it can retest 50 levels
OSCR - Cup and Handle Breakout -Daily- Very Good volume we also see Symmetrical triangle pattern We can keep stoploss as 19 for the target of 24. Watchout for pullbacks to 19 range for retesting the neckline.
SPY -Forming Cup and handle pattern on daily Need to close abv 563. Today we had very good rally from 539.96 to 555. we keep in watchlist. Pattern valid only abv 563 close.
NVDA -Near support Close below 102.4 can test 96.4 which is previous resistance and now it act support. We also have trendline support at 96.4 and EMA 200 at 93.56 Overall chart looks bearish
SPX -Daily - near support SPX near support at fib -0.38% which is 5396. Closing below 5396 can test 5312(0.50%)
XCHANGING Cup and Handle. retested and bouncing SL-98 Can test -172