Reversal in?Huge wick/Hammer + Volume spike off of the 200 day SMA today - Could this indicate the short term bottom for Orsted?
Bounce
Bullish on OXT: Short term opportunity for 40% GAINS to .69Larger symmetrical triangle forming, OXT is still a great buy at .48 and should have a nice bounce up to .69 in the next 7 days. Larger bounce should take us to $1 - $1.25 range by mid-April.
'The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.'
USD/JPY - Bullish cycle imminent? USD/JPY - 4HR Chart
We've seen a bounce off our long term ascending trendline. Bullish cycle upwards imminent? Will we see price follow our forecasted price path?
Do not use trendlines alone to take trades, however - they can be great to help you identify the trend on the HTF.
Apple's final push up - $157 by March, $190 by May?Bullish Thesis
- Wave 5 of 5
- "W3 projection" for wave 5 target has confluence with Wave 5 50%-61.8% fib levels (blue)
- RSI at uptrend line
- Stoch RSI is double bottoming, like March-April 2020, right before Wave 3 began
- Momentum is trending upward since Wave 4 bottom on Sept 22-24
- Ichimoku cloud is still showing green and expanding
- Price is at the uptrend line from July 23 pullback
PT1 = $157 (liikely)
PT2 = $190 (speculative)
Invalidation: below 125
GBPUSDOn the weekly timeframe, this pair is following a bullish trend.
On the daily timeframe, we see that the price bounces on the same line as the weekly trend.
On the H4 timeframe, a steeper bullish trend than that of the daily and weekly timeframe.
On the H1 timeframe, we see some bounces off this H4 bullish support line and that prices may be reversing due to the bearish candles.
Currently, we are waiting on prices to fall to the H4 support line before we see any bullish moves up.
PEP bounce for the week of 02/22/2021PEP has been trending down since the beginning of this year, and is currently skirting along the bottom of the channel after an earnings miss earlier this month. The current RSI value at around 25 on the hourly timeframe places PEP firmly within oversold territory. Given PEP is currently oversold and resting on a historical support line, a move back up to the 135 resistance is likely and a breakout to 140 is possible, though rejection at either the 135 resistance or the top of the channel could signal a continuation of the broader downward trend.
Time For Apple To Bounce?! 🍎🍏Apple NASDAQ:AAPL has continued its sell-off since a new ATH at $145 lvl with almost -6% over the last three days. Even with SPY hitting ATH’s Apple was still selling. I like the 128-132 area in Apple for a bounce/consolidation zone. I entered apple yesterday with shares and 3/19 132.5 calls. Apple also has a rising wedge pattern on the Daily chart which will also be serving as support on the $128 lvl. Apple showed strong bounce off of the $127 lvls yesterday hitting a low of $127.41 but closing up at $129.71. We see a nice candlestick with a long lower shadow and good volume to end the day green (96M). Let’s see if AAPL can continue to hold support at $128 and bounce off the rising wedge trend line.
*SPY has been in a small downtrend the past 3 days and market has just been in a chop/sell zone. If SPY rallies today I think apple can start to bounce nicely. If the market enters chop/selling again I want apple to hold $128.
PT: I want to see apple above $132 by March 5th. If that is not the case I will close my calls. I will also be looking to scale out of the calls as price moves (25%, 50%, etc.). Shares I will hold on Apple.
SL: If apple breaks below $128 support area I will sell the calls.
Keep an eye on SPY AMEX:SPY here. GL all!
$AIHS, bouncing past $2.00This one looks to be repeating itself, the last large candle bounce off the EMA 30 was a nice run and with this bounce plus the bouncing off support in the RSI and the Stoch it seems to be a good bet.
$LAZR - 50MA bounceAnother one we were in last week and sold once it breakout of the range it was in. As you guys know I like the bounces off the 20man after pullbacks, but this one, just like BLNK bounced right off the 50MA today. Worth keeping an eye on as the market rotates back to momentum stocks.
$HOFV, swing entry to $3.10+This is keeping to the trend line nicely and looks to be bouncing off the of it. The momentum is making a nice gradual bounce as well and the RSI should head back above 70. All signs point to continuing this beautiful move to above $3.00.
DOGE-USD Sent it!DOGE is close to important support $0.05-0.055.
I set a LONG from here. Stop loss set at $0.044.
Fundaments behind are mixed/positive as it's an most famous MEME coin, but DOGE has very strong support from Elon, Snoop and has a solid fanbase.
---------------------------------------------------------------------------------
TA: Falling wedge - bullish. Potential bounce from strong support.
----------------------------------------------------------------------------------
Always do your own research.
This is not an financial advice.
Enjoy!
$NUS - Oversold on Daily- Adding to watchlist for Tuesday morning.
- Just past earnings, which seemed good, but investors reacted to a change coming to CEO.
- Seems like it wants to test that volume shelf on the Daily as well.
- Oversold on RSI.
I red opening down to the volume shelf on Tuesday, and then a bounce to green would be a nice entry. Bet it recovers that large red candle if it does that.
$NGL, starting its correctionIt's making a move back to its previous trading zone. The RSI crossed over its previous support and looks to be in a new range. It broke its bearish trend and looks to have bounce off a support. Taking this one to $3.00 hopefully.
XRP just breakout ! XRP is now moving on the upper bound of its previous range.
I think that rumors about an arrangement between SEC et Ripple are dumping the market.
XRP should now consolidated by bouncing on the bound before trying to breakout the $0.55
Great support and Bounce, Robbinhood restricts MAX buy to 5 So this week was crazy SNDL stock was restricted on robinhood to max buy of 1200 shares then down to 5 shares. Currently you can sell as much as you want but to get in you are limited to 5 shares. I am holding because once that restriction is off I think this stock is going all out. (please do your own research also :) )
$FUBO - Would like a test of 20MAI would be in if it bounces of 20MA - Still a little ways to go down.
PSNL Long off Channel Support PSNL with textbook ascending channel.
Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when price nears the upper channel line.
Enter trade around $40 looking for a move back back up.
Analysts: Predict $44
Warning: Run a tight stop-loss insider sale @ $38.67 Feb 3rd.
Extra info: management team will present at the BTIG Virtual MedTech, Digital Health, Life Science and Diagnostic Tools Conference on Thursday, February 18, 2021 at 12:00 p.m. Eastern Time.
btc long swing potentialTargets possibly the weekly H3 and/or beyond.
many different stop loss points. for tighter stops can go just below the hourly trendline/regression bottom level. for patience and use daily L4 on levels are confirmed nd on chart
EUR/JPY - Bears enter at Long term Resistance once againPrice has rallied up to tag our long term resistance zone before bears have entered the market once again. Will we see a break of our ascending trendline? Price still trading inside our blue highlighted area bouncing between key levels in the market.
$RUN - Bounce and Gap Fill?This one has some potential. Bounce off the 50MA and has a gap to fill above to about $75. Not in it. Just sharing.
GET ER LOWdont take anything above 3 cents and youre golden. I'd look for something around .027 but I will have limits set right down to .02 on this mf. volatile af. use margin at your own risk (yolo).
if you're feeling real ballsy, short anything above .032 ( i am)
i imagine we will fall on the next 6 candle.
she bak
she smak
she ready to attak
cheers
