Fundamental Value Levels via Technical Analysis: GOOG ExampleNASDAQ:GOOG had a mega gap down on earnings news. The stock was simply over-speculated.
The price of this stock was way above the true fundamental values. So the stock gapped down to its current fundamental value level.
See the chart attached. The green rectangle outlines the last range where there were Dark Pool Buy Zones. Indicators like Accumulation/Distribution help to confirm a consistent level of accumulation.
Accumulationzone
NVDA $500 Break on VolumeNVDA has been rangebound since June 2023 and made multiple attempts to break $500. It's been accumulating in the upper half of the zone since the beginning of December, surfing the 50 EMA, and looks ready to breakout above $500 on a volume spike. Accumulation leads to expansion, and NVDA looks primed for another leg up.
NVDA at the CES Ahead of Earnings Next MonthNASDAQ:NVDA moved up on the excitement around AI at the Consumer Electronics Show. We can see that Professional Traders were anticipating a breakout.
The stock should be able to begin some pre-earnings runs soon, as long as revenues and earnings continue to improve.
Volume Oscillators and Money Flow Indicators have been improving as Derivative Developers continued to increase inventory.
MAHLOG is on the verge of breaking out of 2.5years old trendlineThe stock is attempting to breakout from a major trend line resistance that has kept the stock in a 'downtrend' for almost 2.5years now.
A close above INR 400 could mean a quick run for the stock towards INR 420 level.
Above INR 420 however is the region where the stock would almost 'fly' towards INR 500.
But since 420 is a prior supply zone one could expect some congestion in the 400-420 zone before the stock takes out 420.
INR 360-420 can also be considered as a long term accumulation range in the stock. The stock has spent almost 10-11 months in this range giving ample time to the interested parties to accumulate it for the future.
A breakout above the trendline and also above 420 could provide some great momentum to the stock in coming weeks/months to scale up to INR 500 mark.
Note*- The explanation of chart is based on personal opinions/observations. Please do your own research before making any trading/investing decisions.
Looking Ahead to the 4th Quarter for $DISNYSE:DIS has been working on a bottom for a long time. The stock has moved up recently due to heavy buying of Dow components for the DIA and other ETFs which require Dow components.
Many Families are making Disney Resorts a holiday location this year.
The stock now faces stronger bottom completion resistance from the 2nd quarterly report, which sent the stock moving down further until this October.
The volume is very low recently, which is partly due to the holiday but also warns of weakening buyer activity at this price level.
However, there was Dark Pool accumulation in the base of the bottom, along with some Pro Trader activity evident in the candlestick and technical indicator patterns. This range now provides moderate to strong support.
Shifting Sentiment in DIS Ahead of Earnings?NYSE:DIS stock has struggled this year. However, Accumulation/Distribution on this daily chart shows accumulation over the past several weeks. This is a "shift of sentiment" pattern indicating a better earnings report is likely this time.
The sideways trend is compressing and has consistent lows and highs, a common pattern for accumulation. When Accumulation appears well ahead of an earnings report, it usually (but not always) indicates improvement in fundamentals and establishes a base price for the improvement.
DIS is a target for HFTs since it's a household name stock that gets a lot of attention in the news.
Eur/jpy Buy setup 230 PipsWe are seeing aggressive buying power as market structure is still maintaining to upside
==> Daily timeframe price action is above the EMA's and we see wonderful rejection in the area of liquidity as support zone
==> Price is now bounding between to upper and lower limit of the accumulation zone, now come confirmation of buy after a fakeout at the bottom for a continuation to upside
==> Nice risk to reward but keep an eye on the upper bound limit for rejection that can invalidate the setup
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Fundamentals from Technicals: AMDThe NASDAQ:AMD Weekly Chart shows that the stock had attempted to complete the long term bottom at 104.
But over the past few weeks, it dipped below that bottom completion level.
This week it has started move up. This provides a level of fundamental support.
If it had continued downward, then fundamentals would be lower. For now, it appears fundamentals are within the outlined range, an accumulation zone.
XRP - Cuppin', no cap. Handle It! In April 2022, XRP began it's large and unfortunately rapid price decline.
All said and done, price fell ~66%.
Since then, the price has been in an accumulation range for roughly the past ~350 days forming a strong base.
On Monday, March 23rd, the price action broke above the previous rallies high that was made in September 2022.
However, that rally was denied by selling pressure, at the previous resistance point indicated by the red trend line and red arrow.
The current uptrend support, as illustrated by the orange trendline under the recent price action, signals that this reversal to an uptrend is confirmed.
(Yellow arrows = trend confirmation)
However, there is a divergence between price and volume, which means that while this may very well be a trend reversal.
Price action could still pull back and test previous support. Any trading set ups, would need to account for this.
Based on these signals and indications, I would forecast the price action pulls back if the volume continues to be lacking, followed by continuation of the trend thereby completing the current cup and handle formation.
BKNG: Hidden Accumulation CuesThe big season for vacations starts this week as schools close, graduations begin, weddings increase, and families plan big vacations this year.
BKNG has had HFTs attempting to sell it down several times but it holds within a sideways trend still. This implies hidden accumulation.
If it breaks to the upside, then this sideways trend becomes support.
BKNG must do as all other high-priced stocks have done: do a big split to lower the share price to $100 - 300. When the Board does so, the stock has more potential for runs up rather than down.
📈How to Day Trade with Trend: Accumulation📍The accumulation stage in trading refers to a period when market participants are accumulating a particular asset, typically with the expectation of a future price increase. During this phase, the price of the asset tends to range between two significant levels known as support and resistance. Traders closely observe these price levels as they provide valuable insights into the potential direction of the upcoming breakout.
📍Support and resistance levels are psychological and technical barriers that the price of an asset tends to respect.
🔹Support represents a price level where buying pressure is expected to outweigh selling pressure, causing the price to "bounce" or reverse its downward movement.
🔹Resistance represents a price level where selling pressure is expected to exceed buying pressure, causing the price to reverse its upward movement.
📍During the accumulation stage, the price of the asset oscillates within a range defined by these support and resistance levels. Market participants who believe in the potential upside of the asset accumulate it by buying at or near the support level. As the price approaches the resistance level, some traders start to take profits or sell their holdings, creating selling pressure that prevents the price from advancing further. This creates a cyclical pattern of price movement between the support and resistance levels, resulting in a range-bound market.
It's important to note that the accumulation stage and subsequent breakout are not always easy to predict. False breakouts, where the price briefly moves beyond a support or resistance level but quickly reverse
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EGLD (MultiversX) - accumulationIt seems that EGLD has formed a quite strong descending range trend on the monthly timeframe, so it is maintaining a downward movement.
Currently, the price is supported upward by a range trend on the weekly this time.
However, I have identified some potential zones for the long term (at least 6 months, preferably a minimum of 1 year, or until targets are reached).
A first opportunity (which can be taken as a short-term position) would be the daily support at $38.4, and the moment when this support is reached is important, preferably together with the weekly trend - as a short-term position.
The weekly support at $34.54 looks very good and can support the movement.
The one at $29.8 could represent a good zone, but we should keep in mind that it has been tested.
The best accumulation zone from my point of view is this monthly support at approximately $11.
As zones where profits can be "locked," I have identified:
The daily resistance at $44.27 represents a quite important piece in the shorter term or the monthly descending range trend.
The weekly resistance at $56.7 looks good enough.
A really good and important target, that high at $64.
And for the more patient ones - the daily resistance at $ 132 and the 3-month one at $205.
It is easy to do DCA (just spot) at each support level, but the capital allocation will be different. Likewise, for collecting profit, a little bit at each target. I will follow these zones with interest, I am not exposing them just for the sake of exposure.
What I presented is not investment advice, just a personal view. Each person is responsible for their own decisions, don't put all your eggs in one basket, and don't invest more than you can afford!
BTCUSDT wants 30k?BTCUSDT had an accumulation phase of 270 days, which is a period of consolidation before a potential move in either direction. After the breakout from the accumulation phase, the price is now heading towards the first weekly resistance level, which is at a psychological price level of $30,000.
It's possible that the price may reach this level and experience a rejection, as it is a significant resistance level. However, if the price manages to break through this resistance level, the next clear resistance level is around $40,000, which is a significant level to watch for traders.
As shown on the chart, the price is currently testing the 0.382 Fibonacci level as resistance, which is another key level to watch for traders. The 0.5 Fibonacci level is around the $30,000 area, which is the first weekly resistance level that the price is currently approaching.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
GTLS: Watching Diversified IndustrialsThe Diversified Industrials Industry is expected to have good growth this year. GTLS is in that industry.
The stock is developing a bottom with intermittent institutional accumulation at a strong support level from 2022.
Percentage of Shares Held by Institutions is very high.
When the bottom completes, this will be a good candidate for all styles of trading, from short-term to long-term.
BankNifty: Expiry day tradeBankNifty has certainly started recovering well, but given that we have just broken out of an important zone, trading BankNifty can get pretty tricky tomorrow. Here's a simple long setup that I think offers pretty good probability of success with good risk to reward ratio.
Rationale:
- Price has just broken through an important zone, but it hasn't been properly retested yet(which may never happen, but as a trader we should plan for that). So I'm expecting some retraction from the current level, before we start getting some good long opportunities.
- We have seen some good volume in last couple of sessions, and expect some profit booking if market opens with a gap-up. Though that seems less likely, as buyers seemed exhausted in the second half today, and I won't be surprised to see the market open with a gap-down(which is better for this setup).
- Indicators like RSI & Stochastic suggesting overbought range on 1H & smaller TFs, the market is not really trending yet according to ADX.
- If the market opens with a huge gap-up, then this trade is off. Otherwise, we wait for the mentioned price levels to hit and take positions accordingly, we must give market at least 3 hours for this trade to work, so don't take position if we there's not enough time(say after 12 PM).
Final Note:
- This just my personal opinion, not to be considered as a financial advice.
- Expect high volatility, so size your positions based on your risk appetite.
#DENT Wyckoff Based Analysis#Wyckoff Analysis for #DENT #DENTUSDT
3% risk 10-15% account gain
Entry 0.001195
SL 0.000999
Target 0.0018-0.002
Perfect Wyckoff Based Chart
If we see a SOS back above the range here it should do well. The price needs to get back above the Resistance defined by the "AR" Automatic Rally that followed the SC (Selling Climax), Once price has confirmed back above this area at 0.001235 we are very likely to start the next growth (Phase E) confirmed by another SOS (Sign of Strength) with high buying volume signature.
See my related idea for a further understanding of the #Wyckoff method of analysis.
$SPY daily consolidation: accumulation or distribution zone?Another thing I am noticing from the current price action is that $SPY market is setting up for a big move. Whenever we get into these consolidation clusters(which could be an accumulation or distribution zone) a big move follows.
Price has been holding the 9EMA, hasn't taken out the trigger for puts and has gone 2u on the daily, however it has been struggling to break and hold to the upside. Additionally, the day after a CPI print or the final moments of the day we typically get the "real move" as the dust settles. We did get a hotter than expected YoY reading with the 6.4% print, but the data was mixed overall.
LPTUSDT breakout from the Accumulation Phase!The accumulation phase is a stage in the trading cycle where buyers are slowly and steadily accumulating an asset, often at lower prices. This process can be seen as a prelude to a larger bullish move, as the accumulation of assets by these buyers can lead to an increase in demand and push the price up.
In the case of LPTUSDT, the recent breakout from an accumulation phase between daily structures signals the end of this phase and the start of a potential uptrend. The price is now testing the previous resistance as new support, and traders will be watching for any signs of new volume load to confirm the trend. According to Plancton's Rules, the target for the price could be in the 9.6$ area, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
Can $ESAB go higher from here?Notes:
* Moving up on the right side of its IPO base
* Good earnings
* Breaking out of an ascending triangle with higher than average volume
* Has a 50 day UD ratio of 2.26 and a 15 day UD ratio of 5.27; indicating that there's been a ton more buying short term
* Has a solid relative strength in the sector and against the SP500
* Showing an early entry relative to its 50 day line
* Printed a pocket pivot, indicating institutional demand
Technicals:
Sector: Industrials - Metal Fabrication
Relative Strength vs. Sector: 2.87
Relative Strength vs. SP500: 14.88
U/D Volume Ratio: 2.26
15 Day U/D Volume Ratio: 5.27
Base Depth: 77.73%
Distance from breakout buy point: -16.17%
Volume 21.39% above its 15 day avg.
Trade Idea:
* Now's a great time to jump in as it's close to its 50 day line, printed a pocket pivot and breaking out of its ascending triangle
* If you're looking for a better entry you may look around the 48.1 area as it may retest that level for support
Some resistances to keep in mind are $49.2 and $51.3. There may be sellers in these areas.