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AT-WC (13/11/2020) to the moon?As of Friday closing (13/11/2020), the H4 chart seems having selling pressure, however still looks neutral on daily chart. Based on Stochastic, it didn’t show any sign of weakness yet even on lower timeframe. MACD still showing a breakout with less the gap getting bigger - positive news. Organically, it could probably pullback to SMA10 support first before fly higher. Support could be @ 0.23 / 0.19 / 0.15 at the moment, and immediate target could be 0.28 / 0.31 / 0.325 (Fibo 1.272) With TheEdge news and KYY’s Target Price for AT’s at 0.75 (based on P/E 15), it could give a good sentiment for AT & AT-WC to close higher during the week TAYOR guys ! News Catalyst: 14/11/2020 AT Systematization weekly trading volume breaches 10 billion shares The Edge 15/11/2020 KYY: ATS is an exception to my stock selection rule KYY Blog
ALong
by sothye
AT-WC (10/11/2020) runs amok (again?)The stock closes with huge buying pressure with volume reaching all time high, along with the price action. If momentum continues, using Gann Square of 9, next resistance would be at 0.23 and 0.28 with Support at 0.19 and 0.15. The stock could complete Wave 3 at 0.23 zone, before pulling back to around 0.15 (38.2% Fib Retracement) for Wave 4. Currently the price already exceed upper Bollinger band, therefore is at risk of pullback anytime soon. Entering now is very risky, therefore, its good to wait for a pullback and buy on dip. Below news catalyst could have influenced the price action 6/11/2020 AT Systemization signs distributorship agreement with LKL Source The Star 5/11/2020 Ministry drafts plans to keep Malaysia's leadership in rubber glove sector Source TheEdge 28/10/2020 AT Systematization expects glove-making capacity to reach up to 2.6 bil pieces per year by June 2021 Source TheEdge TAYOR guys ! Disclaimer: I’m a newbie trader practicing my knowledge. If you like my analysis, please consider following and help to feedback if you see any room for improvement. Thanks everyone.
ALong
by sothye
AT-WC (9/11/2020) runs amokAT-WC begins Wave 3 @ 0.06, and its not stopping ever since. Extending Time based Fib to 238% of Wave 1, this wave could end at 0.165 and pullback for Wave 4 towards 0.13 (Fib Retracement 38.2%).This makes 0.12-0.13 a strong support zone. Volume is extremely good, with banker chip 100% - to guarantee a good show. Its motherstock MYX:AT has a heavy balance float (40% of 3162M shares), relatively compared to MYX:CBIP (29% of 494M shares). This adds more friction for price action without sentiment. However, a positive sentiment especially on their ventures in Glove manufacturing has ever since accelerated the stock price up, with expectation production of 1.3B glove capacity starting in December-2020. TAYOR guys ! Disclaimer: I’m a newbie trader practicing my understanding. Please help to feedback if you see any room for improvement. Thanks everyone.
ALong
by sothye
[DAX] Vague de Wolfe BaissièreVague de Wolfe en formation sur le DAX, la zone d'achat à été définie en reportant le parallèle du segment 2-4 sur le point 3 L' ETA (horizon de TP) est estimé au 19 Novembre (fiabilité moyenne) Le probabilité de ne toucher que le TP1 son à prendre en compte, sortie de 50% au TP1 Si le plat de SSB est cassé après avoir pris le TP1, je décalerai mon SL quelques points au dessus de la SSB. Le TP 2 peut être placé sur le bas du nuage.
XETR:DAXShort
by Vincent-les-bons-trades
BQX 50,200MA ///// Ethos///// LongSimple incoming set up! Easy the 1D 50MA is about to penetrate the 200MA causing a violent eruption! Fib- line up well\fit. All fib levels have been tested. .618 has been tested and now on it way back to the .236 for nice bletch:> Stoch RSI- is inline and bottomed.\ MACD falling over to drop, for the push up! RSI- Hidden cup and handle Detected. \ handle has formed and is curling... ----------------------------- buy @ .236 fib T1=height of the flag ~ movement minus long tale .... target= sell on Death! above Main 1 fib T2= Full measure of the movement= Above 1.618 fib ~ with FOMO Sell on Death! time= 28 day window.. conservative -------------------------------------------------------------------------- Ethos///////////////// building into Data-centric\focus on New Users\and Gateway entry.... ERC20, Voyager Universal Wallet, Single Key Smart tech.... Built for Regulatory Compliance, Fiat Gateway.... XRP for reference, will produce! feedback is appreciated! The Money will follow!
BLong
by UnknownUnicorn3811160
2
DXY: Dollar Index Approaching Target at 94.20DXY Dollar Index Up 4.5% now and Approaching Upside Target at 94.20 After a brief period of consolidation off the early May highs DXY has continued onwards towards the longer term target at 94.20. it's rallied 4.5% in the last 30 days. At 94.2 it will be 5%. Stay long here and on USDEUR and USDGBP (see relevant charts) until we get there, or just under. It should come back 60- 70 pips to 93.60-93.45 again before it rallies once more back to 94.20. A break above here will in turn trigger further dollar strngth to 95.11 at which point it should fall back to 94.20 again and potentially lower still. DXY is still one of the best confirming indicators for almost all USD pairs, giving the clearest signals usually, and helping in decision making and timing across most of the dollar pairs. And right now it remains unstoppable. Don't stand in its way.
TVC:DXYLong
by sumastardon
2
SPX: S&P 500 Index Minimum Upside Target at 2794 S&P 500 Index Update Minimum Upside Target 2794 The next long signal here was the break above the key 2675-2673 line which ideally needed to be followed by a successful retest from above after the break occurred. We got that yesterday/overnight. Today's strength in AlphaBet as much as anything has helped the S&P gap up on the open and since then it's never looked back. It should rally to 2711 here and then start to consolidate gains before rallying further to 2740. Then after another period of consolidation it should go on to hit the 2800-2810 range before falling away back to 2740 once more. Major resistance at 2675-3 has with one bound become major support. Whilst above here the trend is back to positive after a thorough but successful test. There is also a clear reverse head and shoulders within the triangle formation for those who like pattern spotting with a minimum upside target at 2794.
SP:SPXLong
by sumastardon
Bitcoin: BTCUSD Double Top at 9000 - Caution Required Now Bitcoin Bitfinex Chart Update Double Top at 9000 Witching Hour - Caution Bitcoin reached a high at 8999 on Bitfinex overnight around mignight gmt - effectively a double top here after a 50% rally. As the futures chart shows the entire range from 9000 to 9225 is a powerful resistance zone and Bitcoin is clearly struggling to make headway above here. Additionally it has lost the longer term dynamic support and although buyers have appeared at the 8346 line it's more likely day traders scalping 200 points where they can. It's difficult now to keep a bull hat on from here ...it will have to break above the parallels guiding the current down-trend from the overnight high and then hold up at 8586 to change the picture back to near term positive - but even then the bigger rising dynamic now above price will be likely to hold back rally attempts from here - if we see this and you follow long again to use a stop under 8550 as any breakout from 8586 line cannot be trusted as others were - because of that overhead dynamic resistance line. Right now this is day traders' territory - the smaller rsisng dynamic running under price is their likely stop line and if breaks below it it will fall away to 8346-8300 again and then if this breaks to the lower parallel of the continuation pattern . All smaller 150 to 200 moves right now. But in near term Bitcoin is trying hard to penetrate the upper parallel of the continuation pattern - bulls don't want to quit still, but they're beginning to push against a closing door...that bigger rising dynamic now above it is likely to stop any rally from here...after a 3000 point 50% rally, where we first bought at 6200 and have bought every break out good and bad since, discretion has once more become the better part of valor for wiser Bitcoin bulls. We had our time. And now it's time to turn cautious again. Just be very careful if tempted in by this rally now...it can push higher because some still have bull hats on when they should really be looking for shorts from here - but that dynamic should stop them if they can push it that high. If you're still wearing your bull hat, tread carefully, is all.
BITFINEX:BTCUSD
by sumastardon
2
Bitcoin Futures: BTC1! Powerful Overhead Resistance from 9000 BITCOIN FUTURES BTC1! Back to the Futures Yesterday's comment referred to the 50% rally from 6000 to 9000 and just a little higher - Major Gann and Tesla numbers. Weekend comments also referred to Bitcoin Futures prices and the key reistance range stretching from 8971 up to 9224 and the problems Bitcoin will likely face on encountering this range...overnight Bitcoin reached 8999 on Bitfinex, effectively double topping at 9K before falling away once more. The 50% rally presented an excellent opportunity to gather some bull points but the downtrend here is clear to see, still unbroken as yet. Bitcoin is not out of the woods unless and until 9225 is taken and held by the bulls once more.
CME:BTC1!
by sumastardon
DXY Dollar Index - Basing ActivityDXY Dollar Index We were looking for DXY to show signs of bottoming prior to potential reversal to the upside last week. It made a double bottom/slightly higher low showing a loss of downside momentum, the first signal needed to show a change is in the air. Some may remember the way that Gold shifted parallels just as DXY is now doing prior it bottoming out in mid December...now we have the same behaviour being displayed on DXY chart. Today, DXY is now pushing the upper parallel with near term resistance at 89.30 - it's in a small continuation pattern running under the parallel which at some point soon is likely to pop to the upside - but so far we have no great weight of evidence that DXY is doing much other than consolidating in a 120 pip range at current levels. We do have a double bottom which has resulted in range trading so far, but no higher high to signal a clear reversal as yet. Dollar bulls have to take DXY through the parallel and then above the lines of resistance at 89.30 and at 89.51 and finally above 89.65 to really start attracting other buyers - but until they can achieve this DXY is more likely to range trade, with some big green candles more likely to emerge now than big reds, and the price action after that green candle being more gentle consolidation prior to the next green candle emerging. So small bursts of upward pressure followed by mild but longer lasting consolidation - dull, grinding price action in near term but most likely with an upward bias. Still prefer to buy dips here though not aggressively so yet. Need to see 89.65 broken above and held to turn aggressively bullish of DXY looking for 90.19 initially and then, after consolidating, to 90.99 and then to the 91.80-91-90 range. On the downside, DXY has to break below key support at 88.43 to turn negative again in near term down to 87.70 where it becomes a buy again on any such weakness.
TVC:DXYLong
by sumastardon