BITCOIN: WHERE ARE WE HEADED
BITCOIN has recovered from a massive sell off. It peaked at around 65000 in April 2021 and lost more than 50% of its value. It found its support at around 30,000. Looking at the charts, sell off was imminent considering the divergence between the price and...
Should I Buy Tesla Stock?
Wow!!! What a run Tesla had since it broke out on October 25, 2019. If you didn't buy it then, obviously you feel like kicking yourself. Don't worry. Because, you will have another chance or it is already on the horizon. On pure TECHNICAL analysis, TSLA demonstrated...
L3 HARRIS TECHNOLOGY: LHX BREAKING OUT
DEFENCE SECTOR STOCK- L3 HARRIS TECHNOLOGIES (LHX) has just broken out of trend line resistance. LHX made a previous high in August 2019 and is on track to reclaim that high point. Momentum seems to be picking up as it broke out on strong volume. It can be...
ABIOMED (ABMD) SELL-OFF: LESSONS LEARNT?
Abiomed (Ticker: ABMD) peaked around June 2018 and retested the highs again in September 2018. Watch the divergence between the money flow and the stock price as it tested its old highs. It was clearly a sign that the stock has peaked. Fundamentally, the stock price...
Amazon Trying To Get Back Into Uptrend
Amazon needs to conclusively break above 1900 to cofirm its uptrend. Watch the trend line dating to 2018. It is currently finding support at 200 day moving average on daily chart. On a weekly chart, it is finding support at 50 week MA. Momentum indicators such...
BIOTECH SECTOR BREAOUT: WATCH OUT IBB
BIOTECH SECTOR HAS SEEN STRONG INFLOWS THIS YEAR ALREADY. Chart of ETF: IBB shows the money flow in this sector. Please pay attention to the money flow. This ETF has broken above the trend line dating back to 2015. From 2010 to 2015, the ETF grew almost 400%, rising...
FACEBOOK Breaking out??
Facebook (FB) is attempting break out from a cup and handle pattern. It has a couple of hurdles to cross before it can be considered in a comfortable uptrend. Immediate resistance is at 196 region, which it has crossed above comfortably. The next resistance is the...