Apple's Shares Likely to Spring Up Shortly Apple had one of its best quarters ever, posting record-breaking revenue growth. Even still, the share price fell by $3 on iPhone chip supply bottlenecks.
The correction is likely to bottom out at the 23.6 per cent Fibonacci retracement level, creating an opportunity for trend-continuation trading.
The market is likely to price in these concerns later today, allowing for sustained price appreciation afterwards. Bulls should consider going long only on the condition that the share price consolidates within the Pennant over the next several hours.
A-shares
Looking to pick up sharesCHPT has been selling off after their offering but still has held its long-term uptrend line. Looking to pick up shares but patiently waiting at the moment for it to find some support. Just some FIB levels to keep an eye on-
- Nearing the oversold range and has been selling off since they announced a public offering
- Broader markets pulling back
- Good long-term entries
Possible Long Position RDN!!ASX:RDN
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.046
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.046
Target 2 @ ....
Risk/Reward @ 1.7.5
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible GLV Long Position!!ASX:GLV
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.030
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.030
Target 2 @ ....
Risk/Reward @ 1.5
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible Long position SGIASX:SGI
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 1-5 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.125
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.125
Target 2 @ ....
Risk/Reward @ 1.1
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible Long Position ODM!!ASX:ODM
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.048
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.048
Target 2 @ ....
Risk/Reward @ 1.4.5
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible XST Long Position!!ASX:XST
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.02
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.02
Target 2 @ ....
Risk/Reward @ 1.4
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible GES Long Positon!!ASX:GES
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.04
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.04
Target 2 @ ....
Risk/Reward @ 1.4
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible TRM Long PositionASX:TRM
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.059
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.059
Target 2 @ ....
Risk/Reward @ 1.4
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
STOP Playing Weekly Options Lottery: Backtest Proven!Since 2020 the retail trading market has exploded with Weekly Options buying. Weekly Options are "cheap" and can, occasionally, give their buyers big exciting wins. Do they make sense over the long run? NO! A backtest of NASDAQ:TSLA proves that over the long run options are PRICED EFFICIENTLY to make traders lose and underperform buying shares!
TSLA Shares on VacationsHello traders!
It looks like TSLA shares are on vacation because there is not a single sign of bulls nor it is interesting to think about Bulls. We will see a continuous downfall in TSLA's share price.
The price is reversed from 0.618 Fibonacci level and now it is aiming for -0.618% Level.
At 300 price TSLA will form an accumulation pattern that will slowly push the market up where traders can look for the buys.
Don't forget to hit the like button and follow to stay connected
Microsoft Corporation (MSFT) is on a Good CorrectionMicrosoft Corp. has earned praise for its successful pivot from desktop computing to cloud computing.
As such, MSFT stock has risen as result.
Microsoft Corporation (MSFT) has recently seen a 10% correction/uptrend over the long term. Particularly, yesterday the price bounced from a strong support 100 EMA level and formed a bull configuration.
If the price level continues its upward movement, it is very possible that we will see again the highs of $263 per share or even be looking at new all-time highs.
Trading Idea - #Ocugen#Ucugen breaking out of the ascending triangle.
- Trend continuation to 20.00 USD expected!
- Ocugen Inc. is a biopharmaceutical company focused on the development, development and commercialization therapies for eye diseases.
- Ocugen is developing a vaccine against COVID-19.
- Number of employees: 15 people.
Alcoa: Chance for a Bearish Reversal A confluence of bearish indications
Alcoa's share price is currently probing the psychologically significant resistance level at 40.00, which serves as the upper boundary of a major accumulation range. The latter's lower end is represented by the support level at 17.00.
Breaking higher would prove quite difficult for the share price due to the massive selling pressure that is to be found just past the upper end of the range.
Despite the fact that Alcoa shares have been on the rise over the past 4 months, the continuation of the rally will find strong opposition around the major turning point at 40.00. The resistance is currently being crossed by the descending trend line (in red), which increases the likelihood of a bearish rebound occurring from the current level. Moreover, the 300-day MA (n purple) and the 200-day MA (in orange) are also advancing parallel to the resistance level, making it even less likely for the rally to continue uninterrupted. However, that is not to say that potential fakeouts to the 45.00-50.00 range are entirely impossible.
Meanwhile, the Stochastic RSI indicator is ringing the "overbought" bell as bullish bias reaches a climax. This could give bears more reasons to step up and increase the selling pressure at this swing peak, which would consequently support the emergence of a new correction.
The nearest support can be found around the 100-day MA (in blue), which can presently be found at 27.40. In other words, an imminent correction from the latest peak would entail a likely dropdown of more than $13 (32%) in the share price.
Alcoa's robust quarterly performance
The latest upswing was largely inspired by the strong earnings data that the mining giant posted recently. According to the findings of the earnings report for Q1:
Revenue grew to $2.87 billion, up from the $2.38 billion from one year ago
EPS (earnings per share) grew to $0.79, far surpassing the negative $0.23 EPS that were posted for the same period last year
Even still, the market has already had more than two weeks to price in this performance, and the "market excitement" factor that drove the hike is thus likely to start waning down soon.
Trading Idea - XiaomiTo be clear! To me this is one of the most difficult analyzes at this point in time!
BUY LIMIT
Entry: 2.20 EUR
Target 1: 2.90 EUR
Target 2: 3.10 EUR
Target 3: 3.60 EUR
1.) Xiaomi shares are sinking after the US government added the smartphone group to an investment blacklist, in a move that is likely to thin its ranks of American shareholders. (Jan. 2021)
2.) (Reuters) - Samsung Electronics Co Ltd reclaimed its crown as the world's biggest smartphone maker from Apple in the first quarter, cornering a fifth of overall global shipments. China's Xiaomi Corp rounded out the top three positions with its best quarterly performance ever as shipments surged 62% to 49 million phones and its market share rose to 14%, market research firm Canalys said.
3.) Xiaomi announced to spend 1.5 Billion USD in New Smart Electric Vehicle Unit. Usually this is the news that triggers a hype. Xiaomi shares remained unaffected. Not a good sign.
4.) From a technical point of view, there is still a small way down. The support line is there (2.20 EUR), but it would have to hold a second time for the stock to attempt a second upward attack.
Tesla Buy setupESP released this week with forecast at 0.44$ for the last quarter up from previous 0.02$.
Analysts at Goldman Sachs suggest they'll settle at 28%, up from 20% currently. Another question is whether the tax will be applied retroactively or not.
The last time capital-gains taxes were hiked, in 2013, the wealthiest households sold 1% of their equity assets, the Goldman analysts found. According to the Federal Reserve's distributional financial account data (link), the top 1% held $17.79 trillion of equities and mutual funds in the fourth quarter of 2020 -- so a 1% selling of stocks this time would be $178 billion.
Technically the market has been in a corrective state following the sell off. I will be looking for longs at the right point where the market presents clear indications. The above setup is what I see for now unless another view presents itself.
Like and comment.
Namaste
EBON Here is what i am seeing in EBON stock, I personally do not own any shares but if it does fall the the levels indicated i will be making buys. I am not a financial advisor and only provide what i see.
I see a lot of pullback due to Hindenburg report but this is normal. This stock has long term potential not like SOS, MARA and RIOT but will play a nice play in the crypto mining sector.
Please let me know what you think.
Begbies Traynor LSE - Classic Cup and Handle on daily chart Hi everyone,
Just giving a quick analysis on one of the AIM-listed stocks on the LSE (London/UK). As you can see, there is a clear cup and handle forming on the daily chart, and it is an incredibly clean example in reference to what you would technically find in a text book. The resistance is at 115p, and this week it has seen a breach above next to the 120p level.
The company itself is also fairly good on the fundamental side - its latest fundraising (secondary offering to help finance another acquisition) was recently oversubscribed and the placing price was above market price, which the share price higher from 105p to 115p. As it is seemingly breaking resistance now, the question is about whether there will be a retest of the 115p level, or whether it will continue above 120p and onwards. Canaccord currently has a 170p price target on the stock, as issued earlier in March. The cup and handle may signify a strong climb as the UK eases lockdown. Another buying opportunity would be in the case where the price will fall to the lower red upwards trendline, which seems to be a good support for the price.
Disclaimer: I hold BEG at 105p average. Please do not take as professional financial advice. Always do your DD. Thanks!
Trade #RADA Opening the first position of #RADA second test of weakly #Chanel without volume to sale.
Value of first #investment - 1000 shares / 12.48$.
Trade without stop-loss, the next buying after 14.5$ or selling below 11.5$ depends of the situation.