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Chart patterns

OSP - where to from here?We look at ASX:OSP after a rapid mid-year rise and subsequent fall-off. After entering the downtrend in August, ASX:OSP hit a support of $0.022 before failing to break through 0.618 fib resistance. Subsequently the previous support of $0.022 turned into resistance. New 'Support 1' of $0.018 was found which ASX:OSP has looked to have bounced off at the start of November. Four-month downtrend will be tested again next week and will dictate how the remainder of 2020's trading plays out. Crucially, DMI+ crossed over the ADX in early November and this still remains (although close to the 25 level which is the rule of thumb for trend significance) In addition, standard Stoch is showing a movement away from oversold. Finally, the WVF is hinting at a movement away from market bottoms. An interesting stock to watch over the next week - a movement away from Support 1 is likely and even trading sideways would see the four-month downtrend broken.
O
by chartorscience
$MDRR PT 18 and higherMedalist Diversified REIT Inc. is a Maryland corporation formed on September 28, 2015. Beginning with our taxable year ended December 31, 2017, we believe that we have operated in a manner qualifying us as a real estate investment trust, and we have elected to be taxed as a REIT for federal income tax purposes. Our company serves as the general partner of Medalist Diversified Holdings, LP which was formed as a Delaware limited partnership on September 29, 2015. Our company was formed to acquire, reposition, renovate, lease and manage income-producing properties, with a primary focus on (i) commercial properties, including flex-industrial and retail properties, (ii) multi-family residential properties and (iii) limited service hotel properties in secondary and tertiary markets in the southeastern part of the United States, with an expected concentration in Virginia, North Carolina, South Carolina, Georgia, Florida and Alabama.
NASDAQ:MDRRLong
by BADQOMOCAWGOWLD
$NGA entry PT 10-12 Price targets: 24-30-40 and higherwww.barrons.com After its deal with Northern Genesis Acquisition (ticker: NGA), Montreal-based Lion will also have nearly $500 million in cash to build a second production facility capable of producing more than 20,000 units annually as well as vertically integrate into the design and assembly of the battery modules and packs powering its vehicles. Announced on Monday, the merger values Lion Electric at about $1.9 billion. Management expects the deal to close early next year, when the merger is complete Lion will begin trading on the New York Stock Exchange. The stock symbol will change from “NGA” to “LEV.”
N
by BADQOMOCAWGOWLD
5
GBPUSD: Retested Previous Support | Buy OpportunityHello Friends, Welcome to the technical analysis on GBPUSD. Based on my technical analysis , I think, We might get a good opportunity here. We've all seen price started to pullback from 1.33584 & keep on dropping. Now it is trading near a good support area, which probably would take the price up higher. I have used Fib Extension tool to find the pullback and target level. Plus, I'm seeing a lot weakness at previous supply level as well. Thank you for your support. Please follow & like if you find this idea useful. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by priyashibinov04
4
NZD/JPY, NZD/CAD, NZD/USD and GBP/NZD on watch for me today.NZD/JPY: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just below our upper rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above our upper rayline, then I'll be waiting for a convincing push back up followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to our lower rayline then regardless of how it does so I'll again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short on the break of the flag so long as I'm safely able to move my stop loss to break even before price reaches the next significant inflection point. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. NZD/CAD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to our lower rayline then regardless of how it does so I'll again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short on the break of the flag so long as I'm safely able to move my stop loss to break even before price reaches the next significant inflection point. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. NZD/USD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to our lower rayline then regardless of how it does so I'll again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short on the break of the flag so long as I'm safely able to move my stop loss to break even before price reaches the next significant inflection point. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. GBP/NZD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price continues to push up then I'll be looking to get long with a reduced risk entry on the break of a subsequent one hour flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
by StewySongs
AUDUSD: Retracement Over | Perfect Bullish EntryHello Friends, Welcome to the technical analysis on AUDUSD. Based on my technical analysis, I think, We might get a good opportunity here. We've all seen price started to pullback from 0.73992 & keep on dropping. Now it is trading near a good support area(A); which probably would take the price up higher. I have used also Fibonacci retracement tool to find the pullback level and it helped me to find the next probable support area, which is aligning with support line(B) as well. Plus, I'm seeing a lot weakness at previous supply level as well. So I think this area should be the next support level, which would give at least 50 Pips. Thank you for your support. Please follow & like if you find this idea useful. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by priyashibinov04
$YJ Price Target PTs: 18-44 and higher...Supernova...YJ deal is with Douyin, which is TikTok (fm @otterzveg) Yunji Inc. operates a social e-commerce platform in the People's Republic of China. It offers a range of product categories that cater various daily needs of users and their households, including beauty and personal care, household goods, cloths, food and fresh produce, computer and electronics, apparel, bags and cases, baby and maternity products, and home appliances. The company was founded in 2015 and is headquartered in Hangzhou, the People's Republic of China. finance.yahoo.com
NASDAQ:YJLong
by BADQOMOCAWGOWLD
7