ARES
$ARES 1W Analysis & Key levels $ARES 1W Analysis & Key levels
OK… so someone from another site had asked me to look at ARES.
Beautiful Chart.
Definitely seeing a head and shoulders.
It’s sitting right at what would be buy target #1 so maybe I’ll look to start a position this week, or a plan… (Honestly Target 1 is looking awesome)
35EMA (Red line) on the Weekly chart has been a LONG support so let’s see if it holds...
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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LONG $ARES - Ares Protocol LONG $ARES - BOUNCE OF SUPPORT -
ARES could be the chainlink of Polkadot😍
s is an on-chain verifying oracle protocol powered by Polkadot. It provides reliable off-chain data efficiently and in a trustless manner. Ares is built on Substrate and constructed as a parachain to link to Polkadot's ecology and share its security consensus. It is a scalable oracle network that provides decentralized data services to the Polkadot ecosystem and its parachains.
[WSB] The Technicals Behind TSLA (Trading Plan) #2Hello friends,
the performance of the Tesla stock (TSLAUSD) amazes me day by day. The fundamentals align with a very bullish and kinda healthy
looking chart (combared to bitcoin). We can see that the price is moving above the Moving Average 50 & 200 (blue area) for a
few months now.
We've managed to make some nice gains by taking a long position at the breakout of the symmetrical triangle (purple) and riding
it all the way to our final target at $650.
While i thought the run was over (like many times before), the price continued it's strong movement by moving along
a parabolic curve, towards our main target at $1.000.
Everything we see is basically uncharted territory. We don't have any resistance or zones of confluences above us (basically no data to rely on)
so we will have to look out for psycological important marks, like back when the price hit the $500 mark and retraced to $320 in a few days.
That's where to accumulation started.
We can use the Fibonacci Retracement levels to verify possible entries as soon as the price retraces (probably for the next leg-up).
This kind of retracement can have different shapes. You can see a Falling Wedge above, which is followed by a strong breakout and a continuation of the trend. This pattern is SPECULATIVE and just an example of how things can play out. We still have to observe the strength of the move.
Let me know about your thoughts on TSLA and feel free to like this idea if you agree with this idea.
i love you Elon!
cheers,
Ares
Clear Channel: 66% probability of getting bullish momentumThe company announced losses of $291.7 million, or 60 cents a share, on $550.8 million in revenue. By comparison, it lost $165.2 million, or 45 cents a share, on $587.1 million in revenue in the same period last year (ExpressNews). CCO's goal to sell 51% stake in a Chinese subsidiary and earn net $220 million might cheerup investors with speculation purposes. Technical analysis suggests 66% of probability to go up from nowadays $1 level (due to 2 bullish channels on the spotlight and the possibility of disengaging bullish momentum). To the ones who do not want to lose the bullish opportunity, your entry level is at $0.97. The ones who doubt and want to be sure that they will have at least a pull-back, your entry level is at $0.90. And finally, the ones who believe it is going to fall below $0.90 can enter the short position at $0.81 or at the second $0.90 level (once support now resistance).
In May 26 it was disclosed by SeekingAlpha that Ares Management is steadily buying CCO's shares since March 31, going from a 4.4% to 5.9% stake in the company. As I said before, this could also be another reason for speculative moves to upper regions.
Bullish Price Targets may vary from 1.19 to 1.40, in the very short-term (2 weeks). Probability at 66,66%.
Bearish Price Targets may vary from 0.81 to 0.71 and lower, in the very short-term (2 weeks). Probability at 33,33%.
Everything here represents my sole own opinion and analysis that can be complemented to others'. I do not hold responsibility for any of these analyses (neither my previous nor my future ones).
Short Ideas: $COST $ARES $GOOG $FBDuring my last stock market analysis yesterday, I had identified some key indicators that showed this market is most likely headed lower. In order to take advantage of the possible flush back down to the lows, I have been looking for some good short ideas. The markets are currently consolidating and if we make new lows today or tomorrow, that would be a great time to start initiating new shorts.
COST:
Despite the relative strength, COST has been consolidating beautifully and is currently at the low of this consolidation. COST rejected and is now below the 200DMA. Good below 280 with a stop loss at previous lower high.
ARES:
ARES is currently consolidating after an impressive bounce. There is a clear level of support and resistance. ARES will be a good long above 31.70 or short below 29.00. Place stop losses at previous higher low if long and lower high if short.
GOOG:
GOOG has been pretty weak during the previous bounce and rejected the 20DMA. There is a rising wedge forming and GOOG is near the lower bound of this consolidation pattern. Good for a short below 1090 with a stop loss at 1129.
FB:
Same pattern as GOOG, rising wedge on the 30m timeframe. Good for a short below 155 with a stop loss above 161.50.
