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CRM Gap Filling$CRM has been in a strong and healthy uptrend since April, gapped up in August and hit all time high $284.5. The stock pulled back and filled the gap down and is currently at support level and had formed a pin bar on that level with decent volume. Currently looking out for a possible bounce at this support level and then open position for a nice swing play with $233 as profit target (next resistance level before the big move). PS: NOT A FINANCIAL ADVISOR, MAKE SURE YOU MAKE YOUR OWN RESEARCH BEFORE TAKING ANY FINANCIAL INVESTMENT DECISIONS. THIS IS MY OWN IDEA AND PERSONAL ANALYSIS.
NYSE:CRMLong
by osulor
SNX - A Brief Look at Synthetix - In Depth DeFi - 2I'm going to go through all the major DeFi Crypto offerings over the next little while. Calling it "In Depth Defi". Instead of "In DepthFi". Still unsure on that one. If you like it, enjoy, and feel free to leave a like. If you dislike it, also leave a like, just aggressively click the button. I'll be able to tell the difference. Synthetix started as a stablecoin project called Havven, founded by Kain Warwick. Who either had really cool parents or made up his name. More recently they've pivoted into the world DeFi, just like literally everyone on the planet.. Basically, their system uses two types of tokens: the main Synthetix Network Token (SNX) and synthetic assets, or Synths, of which there are many different ones. ETH is locked up to create DAI, similar to MakerDao but here SNX acts as a locked collateral to create SUSD (SynthetixUSD), which then acts as that sweet sweet debt. and the wheels of capitalism keep turning... The Chart We see a couple interesting trend on the 4H chart: first we're in a big ole downward wedge, with the bottom flattening out against the historic key support. That's the big purple rectangle if you didn't pick up on that. We're currently sitting in a pretty tight downward channel, which we can see is historically how SNX tends to move before having a firm breakout upward. Not a lot of partial moves on this chart. EMA all major EMA's are being used as resistance right now. A clear bearish indicator. MACD Shrinking bear divergence. Stoch Decent room for growth, right in the middle of the channel, but looking like it's headed towards a bear cross. OVERALL We're likely to see this downward channel continue until it can punch into the historic support zone, ole' mr. purple rectangle. Watch it when it gets here as this will be the likely bounce or break point. Safest entry is to wait for it to break the downward channel in the upwardly direction. When SNX reverses, it tends to complete the reversal as i mentioned earlier. If you're the knife catching type, make sure to set an intelligent SL. If that support breaks it could dip lower trying to trigging SL's. TP's are marked on the chart. Over the 2nd one we're talking fairly long term. the first two you'll probably get within the next couple weeks. -- "I made my money the old-fashioned way. I was very nice to a wealthy relative right before he died." - Malcolm Forbes -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
by cryptosince1963
BITCOIN - WHAT NEXT FOR THE KING? STILL BULL? My last thoughts on BTC were wrong after 9550 failed to act as support. Caught me out and i got burned. What now? I think we are bottoming around here but could very well see a bounce to low 9050 area before a quick drop to SF the low from Jan 24th as indicated with the arrow. That area is in confluence with a monthly and also a weekly level which should do the trick of supporting price from any further downside. So, i'm looking for a big bounce between the area 8150-8250 IF we get back down there. Upside? We need to bust through weekly resistance at around 9050 and turn to support before considering up. Halving narrative is on our side, trend line from 18th Dec and 2nd Jan lows holding up well, 200 Daily SMA providing support for now also. Interesting times. Quietly bullish.
BYBIT:BTCUSD.P
by Trader_Bean
$RAD Is A Speculative Bounce Play$RAD is one which we nailed the move higher. Now that the stock has come back down, we believe it's a speculative bounce play here. Although you will want to give it some room as the stock could drop to the $9 to $10 region and bounce from there. That's why $RAD is one that you dip your toe in at current levels. Right now $RAD is a bull/bear battle and is dependent on management executing a turnaround. $WBA delivered disappointing earnings yesterday, so the drugstore sector has its challenges. However, they are everywhere and people still shop in them. We believe $RAD will eventually get back into the $20s and deliver 100% gains for those that are patient. Keep in mind that shorts are heavily exposed as 27% of the float has been sold short. It won't take much to get a short-covering rally going. Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and an assortment of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products. It also operates retail clinics that provide treatment for common conditions; and provides preventative services, such as screenings, medical tests, immunizations, and basic physical exams. In addition, this segment offers healthcare coaching and disease management services. The Pharmacy Services segment provides pharmacy benefit management (PBM) services and a range of pharmacy-related services. This segment also performs prescription adjudication services for other PBMs; and offers integrated mail-order and specialty pharmacy services, as well as drug benefits under the federal government's Medicare Part D program. As of April 11, 2019, the company operated 2,469 stores in 18 states. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania. As always, use protective stops and trade with caution. Good luck to all!
RLong
by InsiderFinancial
$10 Move tmw on $TSLA. Bottom of channel at sup w/$400 PT ReitTesla has been in a strong downtrend down 30% this year. Short Interest is near an all time high. Showing bottoming candles and is at the bottom of the channel near a strong support. RSI is curled up and several bullish divergences on the indicators. Baird Analyst Ben Kallo Reiterated his $400 price target on Tesla's Acquisition on Maxwell Technologies that closed today. Technology acquired will drastically improve battery technology, cost, range, etc. and make it difficult for any company to catch them in the EV race. a 20% savings on a $5,000 battery is $1,000 per car. At 400- 500 Thousand cars a year that is a savings of $400-500M per year!
NASDAQ:TSLALong
by BrandonOsborne
7
NQ1! Long play - Strong trendline from 2016Just closed SQQQ Call options here, this is a simple trendline play, Legacy markets love using these old long term trendlines and I would be extremely surprised if we just ignored it and continued down without a bounce. I think we'll pump aftermarket today or tomorrow latest. I'm not worried about stoplosses here, just buying some call options that either will, or wont play out in the next week or 2 on TQQQ. So defined risk and potentially unlimited reward. Conservative target would be the 50ma on the weekly (the blue smooth line) Good luck
CME_MINI:NQ1!Long
by teckno05
9
NASDAQ play update: 5.8k-6.5k? shortterm bull $nq1! $ndx $tqqqIt's late so I'm throwing this up quickly before market open. I'll update it later. My last chart worked out perfectly, we bounced off of a 0.5 retracement from 3.9k in early febuary 2016. I think we have at least 1-2 more days of upside on NASDAQ. My zones are defined on the chart. We bounced exactly on my teal support zone as predicted in my last Nasdaq chart, and I sold off some 12/28 TQQQ contracts at 3:55pm near at the height of the bounce. In afterhours we're currently Bull flagging, probably getting to the .236 fib retracement around 6150. I'll be going long in the morning in anticipation of further upside, but I have a strong main objective to get a good short position on 1 of the indexes after this short squeeze rally. NASDAQ has been the hardest to push down during the past months, and it clearly bounced the highest yesterday 12/26. So I may look to the Russel and the S&P to short since they've been more bearish and I believe we have more downside over the next year.
OANDA:NAS100USDLong
by teckno05
3
Ethereum - Possible Bounce Coming Up Soon (ETHUSD)The markets are way too oversold and fearful right now, a bounce should be coming up soon. The next support level would be somewhere around $50, but I don't really see that happening for now. I consider one more wave down into the $100 region, then a correction to somewhere between the 0.382 and 0.618 Fib level ($145-$170). Should be a good move since the dump was pretty heavy and we have more or less seen 12 days of blood in a row. The harder the fall, the stronger the counterforce. Get your seatbelts fastened!
BITFINEX:ETHUSDLong
by REKTCryptoTrader
1
Ethereum - Descending Triangle + EPIC Bounce Play Coming UpThe crypto markets have been super volatile over the last couple of days and we see recording breaking volume across many exchanges, indicating that capitulation might be in process right now. This doesn't necessarily mean that it'll be "the low", but I believe we're pretty damn close to it. Good opportunities are coming up! Elliot Waves I'm personally not a big fan of Elliot Wave Theory myself, but the previous waves have been playing out pretty nicely so far, so I'll take them into consideration on this chart. We're at the last of the 5 waves right now. Descending Triangle Breakdown We're currently forming a descending triangle on ETH, which is considered bearish. If this one breaks to the downside, I can image prices capitulating to around $100, which would be the next good support level. Bounce Play Targets If this really were to happen, I believe that we'd see nice capitulation wicks and an epic bounce right after that, with prices possibly retracing up to the 0.618 Fib extension around $170. The RSI up to the daily has never been this oversold in 2018 and we're seeing bullish divergences on multiple timeframes, so a bounce is not the question of an "if" but only of a "when" in my opinion. Setup Invalidated If prices go above $140, the descending triangle pattern would be busted and we'd probably see an earlier bounce.
BITFINEX:ETHUSD
by REKTCryptoTrader
Ethereum | Bounce Play [Falling Wedge]ETH/USD is currently at a point for a good Long entry. Reasons: 1. Prices have hit the bottom of the falling wedge, which is generally considered a bullish pattern. It's a good Risk/Reward setup right now. A stop could be set around $160-$170. 2. We see bullish divergence on the Daily RSI. 3. We've had multiple days of selloff with an increase in volume, some sort of bounce is likely - even if it's just to the top of the wedge. 4. We're oversold on almost every timeframe, expect 1W upwards. 5. Running a Fib-Extension, we're exactly at the 0.618 support level. Profit Targets: • A good profit target would be right around prior support zones (~$300 + ~$400), if we can break out of the wedge.
BITFINEX:ETHUSDLong
by REKTCryptoTrader
$BIOAQ News Drops Stock with A great chance for a Major Bounce $BIOAQ's stock dropped more than 90% today presenting people who had not gotten in the play yet a chance to play a major swing trade for the potential of 200% or more ROI. Here's why: Many people are suspecting Rick the current CEO to have gone rogue and put out a false PR today given that the company has been in the process of finding bidders to buy it. The PR put out today only has contact info for Rick and all PRs before had contact info for $BIOAQ also the PR stated the company is still in the process of finding buyers to save it giving a two week timeframe from now. Which means in the next two weeks (If the PR is even real and from the company directors and not just something the CEO put out himself without the other directors permission) buyers should be flocking back in taking it up to at least .045 or even .05 with an anticipated high of maybe even .06 if the FOMO is good enough. That being said the news as bad as it was wasn't the worse possible news the company could have gotten, it basically says there is a chance of saving it still, so the drop today was a major overreaction as is expected down here in the OTC. This morning's Press Release: BioAmber Provides Update on Sales Process Jul 30, 2018 MONTREAL, July 30, 2018 /CNW Telbec/ - BioAmber Inc. (OTCPK: BIOAQ) announces that the current stage of the Sales and Investor Solicitation Process (SISP) has concluded without an acceptable offer having been received from a Qualified Bidder as of the due date of July 27, 2018. The company will now seek to obtain court approval to pursue liquidation as well as alternative offers in order to realize the greatest value on behalf of its creditors. Moving forward, subject to the approval of the court and with support from its monitor or receiver appointed by the court, the company intends to: •solicit liquidators to bid on the acquisition and disposal of the company's assets, including the Sarnia plant; •continue to actively engage with Qualified Bidders and other interested parties to determine if, and under what terms, a transaction that would result in the continuation of the company's operations is still possible. We estimate this process will be conducted over an approximate two-week period with a target conclusion date of August 14. The company will engage with Maynbridge Capital, its interim lender, and all other secured lenders to determine the best going-forward strategy. "We are clearly disappointed that the Qualified Bidders did not place an acceptable offer for Bioamber," stated Richard Eno, CEO. "We will continue to be actively engaged with potential investors to seek an acceptable transaction and avoid the liquidation of the company's assets. Most importantly, I'd like to thank our dedicated and highly capable employees for their outstanding service to the company." Potential investors can contact Richard Eno in order to express interest in acquiring the assets or investing in the business. Note that there can be no guarantee that the company will be successful in securing further financing or achieving its restructuring objectives. Failure by the company to achieve its financing and restructuring goals will likely result in the company and its subsidiaries being liquidated. Liquidation will almost certainly result in no residual value for non-secured creditors and equity investors.
BLong
by StockGuild