COMP/BTC LongCOMP/BTC is one of the more undervalued DeFi Bluechips:
As the governance token for a well executed lending
and borrowing platform with a TVL of ~$9.42B,
a market cap of only ~$2.35B is not a worthy valuation
for what this protocol offers.
Coupled with the fundamentals. the COMP technicals
look primed for expansion upward.
The Madrid Moving Average Ribbon has twisted green
which is an early indicator of trend change, signaling
that a new uptrend will be starting.
Price has broken out of a bull pennant and retested
the top diagonal as support ready to make a move
up to the long term diagonal down trend line (orange)
and once price confirms and S/R flip there, we should
see forceful price movement potentially to the
0.618 fib retracement line around
.019708
BLUECHIP
IBM: All Good Things Come In Threes 🏀🏀🏀After perfectly hitting the previous two trading zones, we made a good point for our analysis of the IBM stock. Here, we expect that the price will rise above $135.86 and should remain above that level for a long time. In fact, we believe that we are going to experience a pretty nice bullish trend here. If we remain over $105.92, there is little to worry about.
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TELEFÓNICA: Bullish bat patternO2-Virgin operation in May. Before mid March, important date when competitors will provide information.
Technical analysis shows a bullish bat pattern and its prophecy being accomplished today. Fibonacci retracement level 0.236 has been reached and tomorrow TEF may try to conquer 3.80 once again if profit taking doesn't make the stock flat all over the session. Long term perspective clearly bullish if UK regulator issues positive news.
PowerPool might retest the trend line lower - buy opportunity!Blue DeFi chips will fly and smash all resistances, but keep an eye on this as we might get rejected, if so you can buy lower.
Nike: Just Do It! 💪Nike has been a strong player on the capital markets for a long time. Accordingly, we will see the stock price rise further in the future, too! There is little doubt on our side that this stock is staying a long-term Bull – Michael Jordan would be proud! Now, we are primarily expecting the price to continue to rise above $147.93. However, there is a 45% chance that we see a minor dip below $131.23 down until $120.90. Again, we think this stock is going up in the long run, which means that even from the price of $120.90 we will see the price increase after that correction.
Stay sporty, stay trading!
Procter & Gamble: Hole in One? 🏌️Be prepared for a nice hit at the Procter & Gamble stock! We are approaching the target range, which will be an amazing opportunity to add this long-term bull to your portfolio or to stock up your position. Primarily, we are expecting the price to drop a little bit further until at least $124.86 and then skyrocket past $134.74 and eventually past $146.89. Alternatively, and with a chance of 46% not too far behind the primary scenario, we see the price drop to $118.66 after which the price should also draw a similarly steep line past $134.74 and $146.89.
Don’t miss out on this one!
Blue Chip CandidateBest Product on the market for Developers currently with large market share in an untapped market for 3rd party firms looking to utilities Unity software. Keep an eye on how this company interacts with it's IPO trendline and fib fan levels. Building a position for the long run in this stock. 4+ years investment horizon
Pokemon GO, Fall Guys, Bad North, Kerbal Space Program are just a few of the games that are powered by Unity software.
*TA interpretation + personal opinion= not investment advice
Amazon 20 days ruleLook to the scenario of 20 days rule, it's going UP or DOWN accuracy in trend for 20 days.
Now, I expect that the volatility will increase, even double to 10 days, but with less movement between 3%-5% range.
After increasing volatility, and in next 20 days, with movements like /\/\/\/\/\/\, than in the middle of february, high expectancy of movements to 2650$ price level.
SQ Play The MoveMarkets seems to have rotated to the safer haven stocks today, such as FAANGs and blue chips. SQ, a consistent producer for the year, could be in a much needed pullback or retracement as a result. RSI trend has snapped but is still in bull zone.
Key support levels to watch are the 220, 214 and 200. Must have confirmation first, though. Purple box for ideal reversal area.
TSLA longsTsla has gone down since my last analysis but, the sell price was never reached and I believe a complex correction is about to finish forming contrary to my previous analysis. After this formation if we get a nice bullish candle in the $380's-$400's I believe Tsla will continue higher to the $600's. Tsla is one of the only stocks to actually rally (a historic rally at that) during lockdowns and I believe the second wave of corona (regardless if we shut down or not) won't affect the company and the stock.
AAPL hovering above support retestNASDAQ:AAPL gapped over a trend line resistance today and retested it as a support. There is also a corresponding horizontal support at that level as well (Near $113). So far it looks good, currently long from 113.60 with a stop loss at 111.90. The next resistance target is near $119. The only negative thing is that the ADX indicator is still bearish. If it crosses over (green over red) while the price remains relatively the same for the next few days, I will add to my position.
SPY Weekly Higher Low Set?Ticker: $SPY
SPY dropped down to lower lows WITHOUT any follow through. This gives bulls the chance to get some sort of bounce going to start next week. Like always, volume will be key if this is indeed a bounce or "significant" bounce.
Bulls have to break 331.20 resistance to start the week in order for us to say our weekly lower high (319.80) is set. The $NDX or $QQQ, basically tech sector) is relatively stronger than SPY so I will keep an eye on that if it breaks first.
If it breaks first, that can be an early indication for bull momentum and I may enter a bull position for a scalp.
Remember, don't be bias, just go off of technical because the fundamentals will drive you crazy in addition to your emotions.
SPY Weekly Consolidation TICKER: $SPY
Huge pull back last Thursday and Friday, breaking the weekly HL of every candlestick pattern. We dumped significantly and have bounce before labor day weekend.
I will be looking for a SHORT entry on a LH bounce if there's a low risk high reward setup. Keep in mind if the market is dumping like we've seen in March, things could get extreme.
Panic selling, buying, fear, FOMO, etc... will kick in and a lot technical guide/indicator that used to work will be slightly different, so be careful. The million dollar question this coming trading week is how strong is the bounce, what's the volume like, and are we going to drop down to lower low to spark fear in the markets?
RUT- The final golden cross for the major indexsAccording to Finviz, more than 75% of stocks are above SMA50 and close to 60% of stocks are above SMA 200. Furthermore, SPX has stayed above 3200 for a month.
Historically, DJI is usually the first index to recover after the market crash because investors want to put their money in safe mega cap and blue chip stocks
during the bottom-out process and time of uncertainty.
However, Covid-19 is producing the favorable environment for e-commerce company and internet/IT services company that power e-commerce to thrive, leading to the NDX's wild surge and SPX & DJI's unusual lag.
Russel 2000, the small cap index, is usually the last one to join the rally because it is usually deemed as a risky investment by investors, especially during the time of uncertainty.
Therefore, when investors flock to RUT (Russel 2000), it could signal and reaffirm the bullish sentiment among investors, drawing the last of doubters and FOMOers into the market.
That time could be now.
PPB: High Priced Stock, Breakout with CorrectionThank you for your continued support :)
Strategy: Moving Averages Formation
Bias: Bullish. Breakout from long term resistance of 18.84 and the shaded box consolidation range, followed by correction with the lower shadow touching 50% key level and closing up exactly at the mentioned 18.84 level.
Stop-loss: 18.54, the open price of the breakout candle; or 18.46, the half-yearly MA as support
1st Target: 20.00; also a psychological level.
2nd Target: 21.36
Gentle reminder: Plan your trade and trade your plan. Peace out!