EU is consolidating forming a flag pattern after the big move followed by the rejection at the key support zone.
While at the same time it is now constantly getting rejected at the H&S neckline.
I have the marked the trade idea as a "Buy Signal" because the pair is still absorbing the supply with good momentum.
However, I would be trading in whichever direction...
We saw an RSI Divergence during the 2nd week of May.
And the prices are breaking all the supports ever since.
All the other info is marked on the chart.
I would prefer to stay away from this stock until a strong bullish confirmation is received.
The stock had a Tenkan Sen/Kijun Sen crossover recently on May 18th.
Chikou span is in open space. With both Tenkan Sen, Kijun Sen, as well as Future Kumu, rising.
It was stuck inside Kumo on weekly chart but had a breakout today closing about 92 pips above the weekly Kumo.
Chikou on the weekly chart is in open space too but may hit the price bars soon if it...
RSI, Stoch, and William %R improving from oversold.
Price closing above all EMAs, EMA Crossovers
Social Sentiment is positive with people strongly believing in this stock. Most have been holding the position for a long time, and feel sad about how despite all the good fundamentals the stock is stuck in a range.
Having said that, there is not much resistance...
Please note that these stocks in no way are meant for immediate buying.
Instead, it's my shortlist for this week - where the stocks are in trade action zones. And could prove to be best buys if entry signals received.
However, the price may also go in the reverse direction.
I would hence be looking for entry confirmations like Breakouts, Ema Cross, RSI/MACD...
The stock is in strong uptrend taking support at EMA 65 and RSI taking support above 40.
Ichimoku shows positive setup with Chikou in open space, positive future Kumo with rising Senkou span A.
While both Tenkan and Kijou Sen are rising with T.S. above K.S. The stock closed above T.S. yesterday.
We had an EMA-5, EMA-13 cross yesterday. Allowing me to jump into...