Momentumstrategy
REVIEW $AMHBearish
Fundamental
- Funds are distributing
- High PE
- High PEG ratio
- Rate hike is not good for REITS
TA
- Bearish momentum divergence ( first sign of bearish ) Must proceed with care if LONG
- Price broke down upward trend line
- Rejected trend line with long wick
- Formed head and shoulders formation
- Price below major S/R level confluence with 0.3 Fibo = Strong trend downwards
WATCH $ACTGBullish
Fundamental
- Funds are accumulating
- Decent earnings
- Positive PE
- Positive PEG ratio
- Weak sector
TA
- Falling wedge price action = bullish if broke out
- Price broke out. Looking for a retest
- Currently resting below major S/R level
- Supported by POC
- Momentum theory broke out
WATCH $968Bullish
Fundamental
- Leading industry
- healthy fundamental
-
TA
- Correction momentum is diminishing forming a potential bullish pennant
- Price is still within upward trend
- Price is under pressure with POC level
- Will be keen
1) price above POC
2) price above 200MA
3) price breakout pennant
4) momentum breakout
accompanied with volume !
WATCH $PDDBullish
Fundamental
- Funds accumulating
- Good earning
- Positive P/FCF
- Positive PEG
- Positive PE
- Undervalued
TA
- Price out of woods
- Broke away from downtrend line
- Price above POC = everyone who bought at that level are making money
- Price resting at major S/R
- Momentum out of the woods turning positive
* falling wedge = momentum of price free fall decreases over time
REVIEW $METABearish
Fundamental
- Declining user
- Declining user time on platform due to switching to tiktok
- Funds distributing
- Overvalued
TA
- bearish momentum divergence ( first sign of warning )
- Price broke down 2 years upward trendline / retest / rejected
- Price rebound and rejected 0.5-0.618 strong level = strong trend to the downside
- Strong rejected at major S/R level
- Momentum theory indicator turned red
4H/1H AUD/CAD POSSIBLE TO SELL MOMENTUMThis is my outlook at AUD/CAD will be an momentum to go short because there are several reason.
1. The price reject the resistance level and now will be come back to the bottom.
2. There are several news on Tuesday, June 21 2022 and my analysis, the price will go down for a long time.
This is my analysis rn, i hope it will happened as i see.