Don't own XBI. Below analysis is only for educational purpose & not a buy or sell recommendation.
1 & 2 : Double bottom test couldn't break the initial low. Confirming strength from buyers - Bullish
3: Last lower high in the downtrend & converting that resistance into support by re-testing it on low volumes - Bullish
4: Resistance confluence of consolidation...
Disclaimer: I don’t own shares of UBER.
The below analysis is not a trading or investment recommendation & is only for learning purpose.
• Price is under the short term 20 period & long term 200 period moving averages.
• Price & RSI show an unconfirmed bullish divergence. Confirmation of this divergence is obtained through price closing above the
...
Disclaimer: I don’t own shares of ETSY.
The below analysis is not a trading or investment recommendation & is only for learning purpose.
1.Etsy has been in a downtrend with price trading under the 200 DMA.
2.Price has been in a lower high-lower low structure with the most recent lower high pivot around $148.
3. Price has formed a bullish engulfing bar today...
Disclaimer: I don’t own shares of Cognizant Technology Solutions ( CTSH )
The below analysis is not a trading or investment recommendation & is only for learning purpose.
1. CTSH entered a long-term uptrend in Nov’21 with price closing above the 200MA.
2.Price broke the previous high around $83 after having retraced 38% to $66.
3.Price has formed a double top...
Disclaimer: I own shares of PACB at the time of publishing this analysis.
The below analysis is not a trading or investment recommendation & is only for learning purpose.
1.PACB has been in a major downtrend like most other small caps & biotech stocks.
2.The stock is way below the 200DMA which sits around $25.
3.The spread between the 20DMA & 200DMA is also very...
Disclaimer: I don’t hold shares of Expedia
The below analysis is not a trading or investment recommendation & is only for learning purpose.
1. Expedia is breaking out from it’s previous life time high after forming a rounding bottom on a major time frame.
2. A failed test was seen with price re-testing the resistance turned support level around $188 on the daily...
Disclaimer: I don't own shares of TDOC . This is not a trading or investment recommendation but a demonstration of how the concept of hidden divergence works.
Hidden divergence similar to hidden bullish divergence is usually considered as an extension signal of the current trend.
TDOC like most small cap stocks in the biotech sector has been brutally hit,...
Disclaimer: I don't own shares of TDOC. This is not a trading or investment recommendation but a demonstration of how the concept of hidden divergence works.
Hidden divergence similar to hidden bullish divergence is usually considered as an extension signal of the current trend.
TDOC like most small cap stocks in the biotech sector has been brutally hit,...
Disclaimer - I don't own IWM ETF shares. This is not a trading or investment recommendation.
This is in continuation to my previous post on IWM Analysis, this chart shows the AB=1.618CD pattern of IWM.
All the best!
Disclaimer - I don't share of IWM ETF. This analysis is not a trading or investment recommendation & is only for educational purpose.
1.IWM has been in a lower high lower low structure after the false break out.
2.The long consolidation support area was broken indicating that the activity during consolidation was distribution.
3.IWM has paused its downtrend & has...
Disclaimer: I don't own shares of XLE . This analysis is not a trading or investing recommendation & is only for educational purpose.
1. XLE has been going up slowly & steadily since Mar’20 after putting a bullish 1-2-3 pattern marked by the successful break of point#2 of the pattern.
2.In Jan 2022 price crossed a major downtrend resistance line (dotted line)...
Disclaimer - I don't own shares of ROKU. This analysis is not a buy or sell recommendation & is only for educational purpose.
1. Roku seems to be curling back up from a long term downtrend.
2. Price has consolidating for a few days after taking relief from the long downtrend & has just broken out of consolidation.
3. While breaking out of the consolidation zone,...
Technical Analysis of Marathon Holding (MARA). This is not a trading or investment recommendation & is only for educational purpose.
Disclaimer - I Don't own shares of Marathon Holdings (MARA).
1. The stock has been in a long trend downtrend as it has been trading below the 200 DMA
2. The downtrend stopped on 24-Jan-21 with buyers stepping in evidenced through...
This is not a trading or invest recommendation & is only for educational purpose.
Disclaimer - I don't own shares of Affirm Holdings Inc.
Analysis:
1.Stock has been currently in a long term down trend following a lower high-lower low structure & is currently under the 200 DMA.
2.Price has failed to create a new lower low after the low created at $48.17
3.Loss in...
Not a trading or investing recommendation. The below analysis is only for educational purpose.
Reason for believing this is a pullback to the 200MA (first target):
1. Price broke the most recent lower high in the recent lower high-lower low structure & is able to sustain above the last lower high.
2. Downtrend line broken.
3. Clear stopping volume & igniting...
