AEX : (false) outbreak : look correlation RSI/MA50 !

アップデート済

Hi everyone,

A new analysis, it is not an easy one. Last week we were in the sideways motion but this will not last. This morning there was an outbreak upwards, the disadvantage is that this happened with an open gap (price area), this can still be closed (476) this makes the outbreak difficult to predict, under 476 the outbreak is false and there can be big drop.

I want to turn to the correlation RSI / MA50: see that the tops of the RSI coincided with the resistor 482 (red arrows) on the other hand, the MA50 together with the RSI provided support (green arrows)
The outbreak can be confirmed by the breakthrough due to the falling resistance line (see blue arrow), which should now provide support! If this is possible then we have a first target at 510 and overshoot cannot be ruled out because of the previously created gap 530 that can be closed! Here's looking for a lower term top, but we're not there yet.

So for the next few hours, you should focus on the RSI!

Again, when a short position is taken into account a stop loss above 530!

short overview: - gap at 476 -> can still be closed
- MA50 / RSI should provide support
- first target 510, overshoot 530
- under 476 chance of a big drop

Regards,

TT

ノート

Hi, faster than expected, the target of 510 has almost been reached and there is an OB listing in the RSI, which means that it takes a while to cool down in order to rise further. With today's big opening hike, a gap is again open at 492, this will be the focus for the coming hours / days before closing

ノート

Hi, the gap at 492 is closed, now looking if we can go back up, MA50 is currently coinciding with a former resistance line at 482 which can be an attraction now. Below is a clear short signal for the longer period !

ノート

Hi, this morning a double top has formed at 508 and is now trying to close the opening gap of 501, here is also the MA20. Cracks start to arise that can be anticipated, but note that a clear short signal only arises below the MA50 (RSI <50). Just to mention that the European stock exchange is closed tomorrow and Monday, a nice Easter weekend!

ノート

Hi ,
The target around 510 has been amply achieved; negative divergence is now emerging in the RSI. MA50 has now increased to about 496, below we can quickly go to 482. I made a new update of the chart in the link below, the RSI will be decisive!