Ford Stock Plunge: A Wyckoff Perspective Ford Motor Company (F) shares have dropped approximately 9.2% since the beginning of the year, significantly underperforming the S&P 500, which has risen by 21.8% in the same period. This stark contrast highlights Ford's struggles against the broader market's bullish trend, signaling deeper weakness in the stock. From a Wyckoff perspective, Ford's price action aligns with a *Major Sign of Weakness* (MSoW) within a distribution phase, even without a preceding *Upthrust After Distribution* (UTAD). This suggests that the stock may have distributed within a relatively narrow range, with sellers steadily overwhelming buyers. The MSoW phase is marked by clear breaks below support levels, increasing downward momentum, and failure to attract buying interest during broader market rallies. The lack of strength in Ford's price action, combined with its divergence from the broader market, suggests that the stock is firmly in the hands of supply. As the distribution phase unfolds, further downside could be expected, with the next target being a potential breakdown below critical support zones. Investors and traders should remain cautious, focusing on volume and price structure to confirm the continuation of this bearish trend before making decisions. This serves as a reminder of the importance of identifying distribution patterns, even when they lack classic Wyckoff features like a UTAD.
i Observed these Levels based on Price Action and Demand & Supply which is my own Concept "PENDAM CONCEPTS"... Please don't take any trades based on this chart/post... Because this chart is for educational purpose only not for Buy or Sell Recommendation... Thank Q
Analyzing the provided chart for technical insights: Price Movement: The price has been on an upward trajectory since late December, moving from around $0.14 to testing the $0.1650 level. It's currently facing resistance around $0.1650, as indicated by the price action at this level. Volume: There's a noticeable increase in volume as the price approaches and tests the resistance level. This could signify strong buying interest or potential selling pressure at this resistance. If the price breaks through with sustained high volume, it could confirm a breakout. MACD: The MACD shows a bullish crossover with the MACD line crossing above the signal line, but it's quite close to the zero line. This suggests that while bullish momentum is present, it's not particularly strong. A move further above the zero line with increasing histogram bars would strengthen the bullish case. Stochastic RSI: The Stochastic RSI is overbought, which often signals that an asset might be due for a correction or at least a period of consolidation. However, in strong uptrends, assets can remain overbought for extended periods. RSI Divergence Indicator: The chart shows bear divergences on the RSI indicator, where the price makes higher highs but the RSI does not, indicating potential weakening momentum. This could precede a price correction if the RSI continues to diverge negatively. Stock RSI: The RSI is currently at 57.90, which is neither overbought nor oversold, suggesting room for movement in either direction. The RSI has been trending upwards, aligning with the price trend, but the recent bear divergences are a cautionary sign. Summary: The chart displays a bullish trend with the price testing significant resistance around $0.1650. The volume increase at this level could either confirm a breakout if sustained or indicate potential resistance if it drops off. The MACD supports a bullish view but with caution due to its proximity to the zero line. The overbought Stochastic RSI and RSI bear divergences suggest that despite the bullish price action, there's a risk of a correction or consolidation. Action: For those considering long positions, look for a confirmed breakout above the resistance with strong volume for confirmation of the upward trend. For potential short positions or taking profits, watch for signs of rejection at this resistance level or if the RSI divergences lead to a price pullback. Always consider your risk management strategy in light of these technical indicators.
The global push towards a cleaner energy future is accelerating, but a significant piece to the puzzle remains: the intermittency of renewable energy sources like solar and wind. This challenge has fueled a market for energy storage solutions. Energy Vault ( NYSE:NRGV ) develops sustainable energy storage solutions designed to utility-scale energy storage for grid resiliency. The company's proprietary, gravity-based Energy Storage Technology and the Energy Storage Management and Integration Platform are intended to help utilities, independent power producers and large industrial energy users. The company recently announced a significant 1.0 GWh energy storage project in Australia, which was highlighted by the CEO in a recent interview with MarketBeat's Bridget Bennett. Energy Vault's most recent project serves as a testament to its unwavering commitment to global expansion, underscored by the recent recognition it received from TIME magazine as one of the Best Inventions of 2024 for its groundbreaking gravity energy storage technology. Analysis Looks like this is setting up to break the $2.56 resistance line. Observations: This appears to be ready to break out of multiple patterns, which will present multiple near term price targets $1 upside (~$4)... very close to the head and shoulders pattern PT of $3.80. Falling wedge pattern PT of $7.17 - Squeeze momentum is building and firing. - Current volume doesn't come close the the recent spike, but it is above the MA volume. Entry Point ~$2.60 (or above) - after a closing above the $2.56 resistance
Apar Industries: Detailed Long Positional Trade Idea ? Technical Setup: A classic Inverse Head and Shoulders breakout on the daily chart, indicating a strong bullish reversal. The breakout is supported by rising volumes, confirming buying interest. Entry Point: Enter above ₹10,950 for a confirmed breakout. Stop Loss: Place a stop loss at ₹10,300 to manage downside risk. Target Levels: Target 1: ₹11,600 Target 2: ₹12,200 Indicators: RSI at 69 indicates increasing bullish momentum but still below the overbought zone. Moving averages aligned positively, supporting upward movement. Risk/Reward: Favorable setup with a clear breakout structure. Note: Monitor for sustained breakout above ₹10,950. Avoid entry if price fails to hold above the neckline. #AparIndustries #StockMarket #TradingIdeas #PositionalTrade
NASDAQ:REAX : The Moment of Truth - Ready for a Skyrocket or a Crash? ?? ? A make or break moment here, friends! ? Good: At strong cup-and-handle retest area (Strong Support Zone) ? *Measured Move for cup-and-handle breakout hasn't been realized yet Falling wedge pattern into support ? Bad: Off the volume shelf and in the volume gap ⚠️ Red H5 Indicator ? Short Williams CB formed and thriving ? Going to $8.20 or sub $4 ? Not financial advice.
DOGE Doge coin 24hr potterboxes. well it hit empty space " I marked with arrow. and took off going up. If you really watched this coin and used the box it can tell you what is going on because it works on any time frame. the next empty space would be .4244 ish . doge coin is almost at the floor of the top box. .39237 ish . If it breaks thru the floor it should stay there and continue to climb we hope.
Long Positional Trade Idea for Bata India Ltd. Bata India is showing bullish momentum as it breaks above key resistance at ₹1,460. The next target lies at ₹1,547, with further potential towards ₹1,633. Entry: Above ₹1,470 (breakout confirmation). Stop Loss: ₹1,400 (below recent support). Targets: ₹1,547 (short-term) and ₹1,633 (medium-term). Indicators: RSI trending upwards and increasing volume support bullish sentiment.
Tesla's Unhealthy Rise Could Correct ? Tesla has experienced a significant and rapid price rally recently, creating a potential imbalance in the market. However, this chart highlights a few key areas that traders should watch for potential corrections: 1️⃣ Gap Formation: A noticeable gap formed during the rally (highlighted on the chart). Gaps often act as magnets, and markets tend to revisit them over time. This suggests the possibility of Tesla retracing to this level. 2️⃣ Resistance Zone (~$420): The price is currently testing a resistance zone after the recent pullback. If Tesla fails to break and sustain above this level, it could trigger further bearish momentum. 3️⃣ Potential Targets: First Target (~$360): If the bearish move begins, this level, marked as a prior area of support, could act as the next stopping point. Second Target (~$316): A deeper correction could bring Tesla back to a more balanced price range, aligning with longer-term support zones.
https://www.tradingview.com/x/RzqXQ1nB/ Looking at the chart of AUDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️