Get started

Beyond Technical Analysis

AMD - Trading opportunity is almost there!Hello Traders and Investors, today I will take a look at AMD . -------- Explanation of my video analysis: The stock chart of Advanced Micro Devices (AMD) is looking quite interesting at the moment: A couple of months ago AMD broke out of a major symmetrical triangle formation, creating another rally of roughly +100%. But at the moment AMD also already corrected roughly -40% and is approaching a major confluence of support at the $125 level from which we could see another bullish reversal and rally. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMDLong
by basictradingtv
4
EGX33: A Faith-Focused ApproachNavigating the Complexities of Sharia-Compliant Stock Trading: A Faith-Focused Approach The index is composed of 33 stocks: 17 from EGX30 and the remaining from EGX70EWI. Determining the correlation coefficient of the index is challenging as it's unclear whether it pertains more to EGX30 or EGX70EWI. Unfortunately, the EGX authorities haven't disclosed the weight of the components, the members of the sharia advisory board, or the sharia criteria for inclusion and the frequency of reviewing the sharia index to ensure the sustainability of its components. In the meantime, three brokerage firms have independently published their lists of sharia-compliant stocks. While these lists contradict each other, there are some areas of overlap. Notably, the EGX33 has added new sharia-compliant stocks that were excluded by the other three sharia lists. This has led to confusion regarding sharia-compliant stocks and sparked discussions about righteousness. Despite the complexities surrounding the indexes and various lists, the primary focus remains on trading sharia-compliant securities while adhering to personal faith.
EGX:ACGCEducation
by ICHIMOKUontheNILE
Nasdaq - Soon heading to $30.000?Hello Traders and Investors, today I will take a look at the Nasdaq . -------- Explanation of my video analysis: For more than a decade, the Nasdaq index has been trading in a rising channel formation with the last retest of the support trendline being back in the end of 2022. At the moment, Nasdaq is retesting the upper resistance trendline and if we actually see a breakout over the next 2 months, we might see a similar rally of +50% compared to the one which we saw back in 2020. -------- Keep your long term vision, Philip (BasicTrading)
TVC:NDQLong
by basictradingtv
9
Alibaba - Back to bearish (not)?Hello Traders and Investors, today I will take a look at Alibaba . -------- Explanation of my video analysis: After Alibaba broke below the major support trendline in 2021 we saw a massive correction of -75% towards the downside. Alibaba was then retesting another major level, this time a previous support area which is at $60. So far Alibaba stock is still respecting the bearish trendline, but it is just a matter of time until we will see a bullish trading opportunity on this stock. -------- Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
9
Oil ES mini Russell June 11th 2024 in this video I spent some time on crude oil where you might consider trading it as a buyer or a seller, I would be a seller if I had to trade the market where it is now---- always with a small stop. The es has a reversal move here to Short so... if I shorted it I would have a very tight stop, and I probably wouldn't short it because the price action is still near the high. the reason I wouldn't go long on the ES is that I'm looking at a 2-bar reversal that would suggest it's going lower it's a conflict. however, on the Russell this Market has a lot more bearish price action leading to where the price sits at this point, and this is why I would prefer the Russell that represents 2000 stocks versus the S&P which is 500 stocks... I believe that the Russell is telling you that the market is in Jeopardy of going lower because of its more bearish price action.
CME_MINI:RTY1!
by ScottBogatin