BANK
Bank of America Short signalTriangle has been completed for BAC since the beginning of the year. Price broke MA 200 which has represented a prominent support so far. MA 50 and MA 200 are close to each other. MA 20 broken with volatility stop on negative configuration. Due to the restricted volatility accrued since the beginning of the year strong price movement will be expected!
SING, Singlepoint INC. High Risk Trading, Massive potential.Lets keep this one kinda simple.
I've been watching SING for quite some time now, and before I started charting, had seen the last rise from 250 to 600, which has lead me to start charting this as well for future reference.
Some things to note, this year SING has been fairly active, with a soon to be Crypto wallet release and MMJ -3.12% involvement along with recent news of their delivery system.
If you zoom out, we can see a semi weird chart, and a huge "wedge". I've drawn a wedge inside the bigger wedge for a potential breakout to the top area of the wedge , or failed breakout to the bottom of the wedge where I've labeled a safer green buy zone.
We have some buy signals on the 4 hr 0.56% , but nothing to be buying on. You can also see the Ichimoku crossing bullish for a moment, and now directing to a bearish cross once again, but not yet.
This is a short trade, as I wouldn't hold this for longer then it takes to reach its wedge walls, with possible 50% to 350% gains from the buy zone to top of wedge .
This is not a trade I would recommend since you could loose just as much as you gain, I play with this one for fun, fun coupons!
Lagging span line (Chikou span) still testing 16.924 resistanceThe price of $16.924 is still resisting (is a resistance).
The lagging span (and so the price) is actually testing this resistance.
There is still a high probability of having the price getting over this resistance.
That would confirm the uptrend in daily timeframe.
CBA - Time for an accumulation?The price has been falling since early 2017 from the peak around $88.00.
This drop has been a "healthy" one as we are seeing this as a correction for a longer term accumulation to the upside.
Some quick fundamentals to support the upside -
1) Revenue has been increasing for the past 5 years;
2) Net income has been increasing for the past 5 years;
3) Dividends have been increasing for the past 5 years;
4) FCF has been fluctuating up and down, but has greatly increased for the TTM; and
5) Net margin has been increasing for the past 5 years.
On the technical side of analysis, $66.50 to $68.62 present a very decent area for accumulation, potentially towards $75.59 and $77.23.
We are looking at this setup as a potential dividend play trade as well, which mean we are interested to hold on to this trade for a longer term.
**This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
GOLD SPOT IN A GOOD POSITION FOR A LONGThe position was taken because of the following aspects:
The trend is bullish, and we were waiting for a retest in the $1348 zone so we can take a quick long to a very important level found in $1365.
Besides, the upside trendline hasn't been broken so it is another confirmation for us to take that long trade. Furthermore the fibonacci tool has a previous retest in 50% and 38%.
Our target zone: $1365.00
Our Stop Loss: $1339.30
R/R: 1.75
The "Cheap" Bank w/ Short Term Trading Gains (PT $75.40)Who couldn't love Citi when it had dropped to $68? Given both the long term and "2017 Hotness" trend lines, the stock has been knocked down between a reasonable to weak area where it can rebound back up to a comfortable "median" position that has been previously held. Reading between the fib lines and the somewhat consistent range of $70-77, it wouldn't be unreasonable for the stock to climb back to around the midpoint of $75. Its earnings call was great, though some will argue with how fantastic it should have been given the current climate and what's priced in.
If the stock reaches $78, absolutely sell and don't be greedy trying to wait for that magic $80 mark. I'm sure everyone will be watching and waiting for it, but without proper volume, it will be a short lived rally up as everyone else takes their gains. I love Citi as a company and believe it to be strong and stable moving forward the rest of this year. Any price point close to $70 is great for a small position and for technical trading to get some ranged gains.
A german smallcap is about to breakoutI normally dont like to bother you with highly speculative small caps i invest in, but this chart is just a beauty i had to post.
This german small cap is about to rip higher in my opinion. Fundamentally its extremly undervalued, i encourage you to do some research on Deutsche Rohstoff AG.
The chart is also screaming for an imminent breakout higher.
Shortterm i am seeing 50% potential and longterm a 100% return is possible.
Breaking the former all-time highs around 31€ is just a matter of time in my opinion.
I am personally invested in this stock, and please do your own research fundamentally and technically before investing.
Blessings to you all.
HBLHBL
Dropped below Channel no reason why in the News
The NZ Share market is Fickle as any thing often makes no sense