BLUE
BLUE – Short-Term Trade From The Depths Of Rock BottomNASDAQ:BLUE has dropped significantly from its $150 highs to its current price level around $1. I think BLUE is forming a dead cat bounce in the green support zone, and I can see a short-term swing up to the yellow trendline. The price has already rebounded quite a bit, I would look for an entry around the green support zone between $0.87 and $1.02. I can see BLUE reaching the yellow trendline at some point and there is a red resistance zone ahead. I think it will be difficult to reach the highs of the red resistance zone around $2.77. Instead, there is likely to be a slower move up towards the yellow trendline.
BLUE- a biotechnology earnings penny stock LONGBLUE a week ago had a bull run to gain 90% in 5 days and then reversed into a standard
Fibonacci retracement on the 30-minute chart, then in consolidation for a day or two getting
support from the mean anchored VWAP. The last trading day was a quick rise with momentum
in a bull flag. Earnings are coming. I will take another long trade on BLU into earnings. My
target is 1.90 about the high of the prior trend up and below the second VWAP line above
the mean. A tight stop loss at 1.53 ( below the flag's consolidation) will make it more likely the
trade will be a 20% winner. I have taken call options strikng $1.50 for March 15th for $20 each.
or a small loss of 2-3%
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BLUE Biotechnology New Earnings Catalyst LONGBlueBird Bio / BLUE had an earnigns report this past week showing earnings for the firat time
but revenue was far below analyst's projections. Price has appreciated 40% in the 4 weeks
since earnings which is about 500% annualized. GO BLUE.
On the daily chart, price was above VWAP and consolidating much of last fall then dropped
this YTD until the earnings report of last week. An uptrend is seen after the earnings.
This has been a significant reversal sustained over the past month
with price rising above the support / demand zone below it. At present, price is one
standard deviation below VWAP making it undervalued and ascending.
I see this as a risky long trade like many biotechology penny stocks but with a decent
probability of profit in consideration of a target of 6.15 which is the top of the long
term high volume area. the stop loss is just below the POC line of the volume profile
at 3.15 An entry at 4.62 ( limit order above SMA200 (redlne) would yield at profit of
1.50 with a risk of 0.48 making for a R:R of 3:1. Another earnings report is coming up this
week. If it is favorable, BLUE could go parabolic to hit the target in a day or two.
If not, it will be time to exit the trade.
$APRN Looking Expensive. Elliot-wave + RSI DivergenceDoing wave tracing and it seems we are about to hit the third leg of the Elliot correction wave Considering how steep our A wave was, it may get very bloody. From an RSI divergence standpoint, we also look like we could be in for a decent retracement off the recent gains.
nas100 analysis (07 june - 10 june)hope you lot are blessed and are having a great day where ever you are!
so my current take on nas100 is as follows :
1. about two weeks back we broke through the neckline of the daily double bottom and we have been in a range for the whole of last week as seen by the rectangle
2. at yesterdays new york open the market showed signs of being strongly bearish because of the large bearish candlesticks on higher timeframes and a breakout on an upward trendline
3. another confluence is that a head and shoulder pattern formed on the H4 and it's neckline has been broken so there is a high probability that market will tank down
4. entry will be at the retest of the range/head and shoulders and stop loss a few pips higher than the recently broken structure and lastly take profits at the level which was previously used as support
those were my reasons of confluence so there is a high probability of my analysis playing out but i will make sure to update my analysis if need be, God bless!!
nas100 analysis (30 may-03 june)good morning you lot hope you guys have a profitable trading week! my expectations on nasdaq for this week are to go long on it and my reasons are as follows
1. we formed a double bottom and broke it's neckline on the daily timeframe
2. there was a breakout of a downward trendline also on the daily timeframe
3. market has formed a new higher high and broke through previous highs
4. there is a high level of bullish momentum as seen by the size of the candlesticks on higher timeframes
5. i will take entries at the retest of structure as shown on the charts either the resistance level we just broke through now or the one we broke through last week
as my bias changes i'll make sure to update my analysis but feel free to share your insights
God Bless!!!!!
What could happen at market open ?Weekly= Bearish
Daily =Bearish
Since our trends are bearish on higher time frames we have major lower lows and lower highs being created
we are within right to scout for trades on market open at lower timeframes
HEY TELL ME WHAT YOU THINK Cause your input is important to me:)
God bless you traders have a heavy blue week
DXY SELLoi mate let us have a great week innit? :
so what have here is...
1. price respected a major level of resistance
2. after doing so it consolidated for a period of time
3. today it broke below the consolidation phase and formed a LOWER HIGH
4. it is currently retesting so perfect time for entries, i'll be expecting pries to sell till the upward trendline
GBPJPY BUY• basically the opposite of my YEN BASKET analysis it has formed a downward trendline which is respected for the 4th time last week and tanked down after doing so
• as it reached a significant support level it lost momentum and formed hammers/dojis by that level
• and also formed a downward corrective move which signals a change in direction which is up
• once this mini channel breaks to the upside we going all in with buy orders
• and take profits will be by the trendline
GREAT SUCCESS
XAUUSD SELL let's gooooooo super hyped for this week prayed before hitting the charts currently listening to clb just vibing but here is what we have on GOLD over here...
• so a downward trendline has been formed on my DAILY and WEEKLY with two touches
• so now market is approaching the trendline so i'll be looking to go SHORT
• once market reaches the trendline i'll be looking for price to respect it by closing below the trendline on the H4 and D1 but then i'll enter based off my H1 where i'll be looking for a bearish confirmation candlestick
• SL will be put just about that resistance level and TP1 will be by the opposing upward trendline
GREAT SUCCESS!!
DXY BUY ANALYSISso what we have here on the DXY is the following:
1. market has been making higher highs and higher lows and formed upward trendlines on the WEEKLY, DAILY, H4 and H1
2. price has respected a pretty strong resistance level as we can see by a DOJI on the H4
3. and due to this on the H1 market broke past a previous HIGHER LOW and formed a LOWER HIGH
4. once market reaches my H4 upward trendline for a third touch only will i look for long trades
eurjpy buy• this pair formed a downward corrective move after a bullish impulse
• the channel's resistance has been broken and the yen basket is bearish which shows the weakness of the yen
• once H1 closes above the broken trendline long trades will be placed and targets will be at the previous significant high and SL just above 20 pips
NZDJPY BUY• similar to my GBPJPY analysis this pair has formed an upward and downward trendline touching both 2 times
• it's previous test was of the upward trendline so now i'm expecting market to go up and test the downward trendline
• on the D1 it formed a corrective pattern and has converged by the apex so expecting the buying power to continue making this pair BULLISH
• all because the H1 broke above the corrective move and closed above it so buy orders will be placed
• tp is set at the previous high but for my swingers the second tp i put there is for you guys
• correct me where i'm wrong God bless...
GREAT SUCCESS!!!
GBPJPY BUY ANALYSIS • market haa formed an upward trendline for the past months and has come back to respect it 7 times
• earlier this month it respected it again and impulsed up and then during this month it lost some momentum, formed a corrective move and changed direction for a short period of time
• at the end of last week it broke above a previous HIGHER HIGH and it was retesting it
• there is two possible entries here, 1 at the new found level of support (BULLISH ENGULFING M30) which was a previous resistance or 2 when the corrective move breaks out to the upside
• but then again this is the forex market anything can happen so we adapt when there's any change in our predictions
GREAT SUCCESS!!!
YEN BASKET BEARISH CONTINUATION so what we have here is...
• this market has been BEARISH from pretty much 2020 and has formed a DOWNWARD TRENDLINE/BEARISH CHANNEL
• in september price respected the downward trendline/resistance of channel and has been in a BEARISH move towards the support of the trendline
•so in the past week there was a corrective move seeing by the short term change in direction and small bodies of the DAILY candlesticks
• a downward and upward inner trendline were formed and now market is by the apex so expecting a breakout to the downside and price is to go respect the support of the channel
• i'll only enter if the H1 breaks and closes below the upward trendline
but then if market goes bullish we adapt and change our approach
GREAT SUCCESS!!
MARK 9:23let us keep the train moving!! this weeks NFP is going to change my life your life and every traders life!!! 😡 i do not care how many accounts you blew or if your equity is below $5 all it takes is mustard seed faith. and remember WHAT YOU HOPE FOR SHAPES WHAT YOU LIVE FOR!
Nas100 potential last Buy move before retracementWell Great news great news read below to find out how you can capitalize on Nas100 pair
First and foremost is our long term w1 upward trendline it has been respected
secondly there is a level resistance in the w1 in which yesterday the market successful close below it.
lower timeframes are showing a possible pullback be fore we go test those levels
what i see is important likewise is your opinion let me know