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Breakandretest

Taiwan Semiconductor - Unknown stock with trading potentialNYSE:TSM is one of the rather unknown stocks with an impressive market capitalization of 680 billion dollars. Just a couple of months ago TSM finally broke above a major previous resistance level and confirmed the bullish triangle breakout. Momentum is quite strong so far so maybe we will never see the previous structure again. In this case there is no need to actually chase the all time high. However, a pullback might still be quite likely and this might present an interesting long opportunity in the future. Levels to watch: $130, $100 Keep your long term vision, Philip - BasicTrading
NYSE:TSMLong
by basictradingtv
6
Meta Platforms - Watch the earnings!Hello Traders and Investors, today I will take a look at Meta Platforms. -------- Explanation of my video analysis: For more than five years Meta Platforms has been trading in a reverse symmetrical triangle formation. We saw the last retest of support back in the end of 2022 which was followed by a decent rally of +450% towards the upside. At the moment Meta Platforms is retesting the upper resistance of the triangle formation so it is quite likely that we will see at least a short term rejection towards the downside. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:METAShort
by basictradingtv
8
Amazon - Two trading setups!Hello Traders and Investors, today I will take a look at Amazon. -------- Explanation of my video analysis: In 2020 Amazon stock created massive resistance roughly at the $180 level and started a major correction away from the resistance in 2022. As we are speaking Amazon stock is once again retesting this major resistance level and is therefore at a quite decisive inflection point. Either we will see a breakout or another rejection after which we could then see the overall continuation towards the upside. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMZN
by basictradingtv
5
Intel - Reversing to the upside!Hello Traders and Investors, today I will take a look at Intel . -------- Explanation of my video analysis: On the chart of Intel there are actually two major horizontal structure levels which you have to keep an eye on. First of all there is quite strong support at the $26 level and just a couple of months ago Intel rejected this support towards the upside. Vice versa there is resistance at the $44 level, always pushing price lower. As we are speaking Intel is also retesting a minor support so there is the chance to capitalize on a short term bounce. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
1
Ethereum - $5.000 retest soon?Hello Traders and Investors, today I will take a look at Ethereum . -------- Explanation of my video analysis: By connecting the significant highs from 2018 and 2021 and the significant lows from 2019 and 2022 you can see that Ethereum is clearly trading in a rising channel formation. Furthermore Ethereum is approaching the previous all time high which is roughly at the $4.500 area but even then the path of least resistance is certainly higher. Eventually I do expect a retest of the $5.000 level. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:ETHUSDLong
by basictradingtv
1
Intel - Stop the bleeding!Hello Traders and Investors, today I will take a look at Intel . -------- Explanation of my video analysis: In the beginning of 2023 Intel stock retested a multi year long horizontal structure at the $26 level. Here Intel created bullish confirmation and took off, creating a crazy rally of +100% within a couple of months. Then we saw a false breakout towards the upside which was followed by an incredible sell off. At the moment Intel is retesting support so we might see a short term short covering rally. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
28
SAREGAMA INDIA have Broken and Sustained at Retrestment LevelCompany is almost debt free. Company has delivered good profit growth of 29.6% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 36.0% Company’s Operating Revenue for Q4 FY24 stood at Rs 2,631 Mn growing at 29% both on YoY as well as QoQ basis, with a strong adjusted EBITDA of Rs.864 Mn registering a YoY growth of 40%. Company delivered a PBT of Rs 760 Mn with a 31% YOY growth. Company’s Revenue from operations for FY24 stood at Rs 8,030 Mn with a strong adjusted EBITDA of Rs. 3,029 Mn with a margin of 38%. Company delivered a PBT of Rs 2,708 Mn with a 34% Margin and PAT of Rs 1,976 Mn for FY24 Key Operational Highlights: ➢ The company’s strong performance is led by growth in music licensing on account of strong advertisement revenues driven by its investment in new music and the revenues generated through the artist management vertical ➢ This quarter saw music release of A.R.Rahman and Diljit Dosanjh’s Chamkila, Ajay Devgn’s Maidaan, Ram Charan and Kiara Advani’s Game Changer, Yami Gautam’s “Article 370”, Mohanlal’s Malaikottai Valliban, Diljit Dosanjh single Love Ya, multiple songs by Bhojpuri star Neelkamal, Pawan Singh and Gujrati’s No.1 singer Rakesh Barot. ➢ During the Quarter, Company released 290 plus Originals and Premium Recreations across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and Bengali languages. Company also released 2,000 plus derivatives (LoFi, Trap Mix, Cover, Acoustic etc.) which is driving the popularity and growth of its catalogue. ➢ The other highlight of the quarter was the use of our songs for Shahid Kapoor and Kriti Sanon starrer 'Teri Baaton Mein Aisa Ulhja Jiya' (Hindi), for Mahesh Babu’s 'Guntur Karam’(Telugu), for Dulquer Salmaan’s'King of Kotha’ (Malayalam) etc. and by brands like HUL Lux, Meesho, Junglee Rummy, Andrex etc. in their ad films. ➢ Riding on the success of its Tamil Serial “Ilakkiya”, Company started its Malayalam remake “Mangalyam Thanthunanena” on Surya Tv. We released “Crushed Season 4” series from Dice of Pocket Aces on Amazon mini-TV. ➢ In Q4FY24 Yoodlee released Mohanlal starrer “Malaikottai Vaaliban” , Tovino Thomas starrer “Anweshippin” in Malayalam and Gippy Grewal “Warning 2” in Punjabi. ➢ Digital footprint across Saregama owned and controlled channels touched 239Mn followers and subscribers across YouTube, Instagram and Facebook.
NSE:SAREGAMALong
by iism-ExpertTrading
Binance Coin - Is the rally already over?Hello Traders and Investors, today I will take a look at Binance Coin . -------- Explanation of my video analysis: Binance Coin is currently clearly retesting a major resistance at the previous $700 level which was also the all time high of Binance Coin. Since we did not see a break above yet, there is simply a higher chance that we will see a (short term) move lower. If you are not in a position on BNB yet, you can potentially use this anticipated drop to enter a fresh trade. -------- Keep your long term vision, Philip (BasicTrading)
BINANCE:BNBUSDLong
by basictradingtv
3
Ethereum - 20% Rally within a day!Hello Traders and Investors, today I will take a look at Ethereum . -------- Explanation of my video analysis: 6 years ago, Ethereum started creating a simple rising channel formation, similar to the one which we are seeing on Bitcoin. Furthermore Ethereum retested the previous all time high back in 2022, created bullish confirmation and a rally of + 250%. Considering that Ethereum is once again approaching the upper resistance level, I do eventually expect a bullish breakout followed by an even crazier rally. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:ETHUSDLong
by basictradingtv
5
Intel - What is going on?Hello Traders and Investors, today I will take a look at Intel Corporation. -------- Explanation of my video analysis: In April of 2022 we saw a major break towards the downside on Intel stock which was then followed by more bearish continuation of roughly -65%. Then Intel retested a multi year long structure and created a pretty decent bullish reversal and a strong (short covering rally). At the moment Intel just rejected previous structure and is now in a massively bearish market soit is best to just wait for this volatility to calm down. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
18
Ethereum - Don't lose your sight!Hello Traders and Investors, today I will take a look at Ethereum . -------- Explanation of my video analysis: In 2022 Ethereum perfectly retest the previous cycle high which was roughly at the psychological $1.000 level. Here Ethereum also created bullish confirmation, indicating a potential reversal towards the upside. At the moment Ethereum is retesting the previous all time high and we could see a short term rejection away towards the downside. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:ETHUSDLong
by basictradingtv
2
Binance Coin - A 10.000% TriangleHello Traders and Investors, today I will take a look at Binance Coin. -------- Explanation of my video analysis: After the beautiful break and retest on Binance Coin back in 2020, we saw an insane rally of roughly +10.000% towards the uspide. Then BNB topped out in the beginning of 2021 and created a descending triangle formation. We saw a bullish breakout on Binance Coin just four months ago and maybe we can even see a similar move of 10.000% towards the upside from here. -------- Keep your long term vision, Philip (BasicTrading)
BINANCE:BNBUSD
by basictradingtv
4
Alphabet (Google) - 330% Rally ahead!Hello Traders and Investors, today I will take a look at Alphabet. -------- Explanation of my video analysis: About 8 years ago Alphabet stock created the first retest and rejection of the long term ascending bullish trendline. Then we had a lot of retests of this trendline, the last one being in the beginning of 2023 and this retest was followed by another decent bullish rejection. Last month Alphabet stock broke out of an ascending triangle formation and is now just very very bullish. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:GOOGLLong
by basictradingtv
2
Nasdaq - Shifting back bearish?Hello Traders and Investors, today I will take a look at the Nasdaq. -------- Explanation of my video analysis: For over a decade the Nasdaq has been trading in a pretty obvious rising channel formation. We saw the last retest of support in 2022 which was followed by an enormous +70% rally towards the upside. Considering that the Nasdaq is now retesting the upper resistance, there is a quite high chance that we will see at least a short term correction lower before the Nasdaq will follow its overall uptrend. -------- Keep your long term vision, Philip (BasicTrading)
TVC:NDQ
by basictradingtv
11
Dow Jones - Textbook trading setup!Hello Traders and Investors, today I will take a look at the Dow Jones. -------- Explanation of my video analysis: There is one major long term pattern which we have been looking at for a very long time - a rising channel formation. Just a couple of months ago the Dow Jones retested the lower support trendline and created a beautiful triangle breakout while rejecting towards the upside. If we now get a retest of the breakout level which is then acting as support, a major continuation higher is quite likely. -------- Keep your long term vision, Philip (BasicTrading)
DJ:DJI
by basictradingtv
7
AMD - Correction And LongsHello Traders, welcome to today's analysis of AMD. -------- Explanation of my video analysis: After the massive triangle breakout on AMD in 2016, we saw a rally of more than +7.000% towards the upside. After the recent bear market in December of 2021, where AMD perfectly retested previous structure, we saw another rally of +250%. I am now waiting for a retest of the triangle breakout level mentioned in the analysis and then I will look for even more long setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AMD
by basictradingtv
9
Tesla - Don't get caught up!Hello Traders and Investors, today I will take a look at Tesla. -------- Explanation of my video analysis: In 2020 Tesla stock created a beautiful break and retest of the previous all time high which was followed by significant continuation towards the upside. After this pump Tesla stock entered a long term consolidation phase, forming a bullish flag formation. Considering that Tesla just retested and rejected the upper resistance, there is a quite high chance that we will retest the next support at $120. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLA
by basictradingtv
1
AUDCAD - BEARISH CONTINUATIONPrice could possibly break back above to fill the range. Looking for a break and close above the resistance level at 0.88495, then waiting for a minor pullback to retest the level before placing a buy order to fill the range. Ideally I would prefer to see price continue to the downside with a break and close below the 0.88220 level, as current trend is bearish. Again for sells I am looking for a break and retest before entering a position. Targeting 0.87825 level where I will look to close 50% and move my stops to BE, with a full TP target at 0.87555.
Short
by TheLionsShare
1
Nasdaq - Correction already over?Hello Traders and Investors, today I will take a look at the Nasdaq. -------- Explanation of my video analysis: For more than 10 years the Nasdaq has been trading in a pretty obvious and also profitable rising channel formation. We saw the last retest of support back in 2023 which was followed by a significant rally of +70% towards the upside. As we are speaking the Nasdaq is actually retesting resistance so there is a quite high chance that we will see at least a little more bearish continuation. -------- Keep your long term vision, Philip (BasicTrading)
TVC:NDQ
by basictradingtv
2
Micron Technology - 100% in 6 months!Hello Traders and Investors, today I will take a look at Micron Technology. -------- Explanation of my video analysis: Back in 2018 we saw a beautiful break and retest on Micron Technology which indicated even more continuation towards the upside. For over 5 years Micron Technology has also been trading in a quite nice rising channel formation and is now approaching the upper resistance trendline. I do expect a pullback and a retest of the previous all time highs and then just more continuation towards the upside. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:MU
by basictradingtv
7
AMD - Finally a correction?Hello Traders and Investors, today I will take a look at AMD . -------- Explanation of my video analysis: Back in 2022 AMD perfectly retested the previous all time high which was turned support after AMD stock broke it towards the upside in 2020. Furthermore AMD stock also created a bullish symmetrical triangle formation and already broke out towards the upside. More often than not we will see a retest of the breakout level, potentially bullish confirmation and then the continuation towards the upside. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMD
by basictradingtv
1
Ethereum - First -40% and then +150%!Hello Traders and Investors, today I will take a look at Ethereum. -------- Explanation of my video analysis: After the beautiful bullish break and retest on Ethereum back in 2022, we saw sufficient bullish confirmation on the smaller timeframes leading to the +250% rally which we have been seeing lately. Considering that Ethereum is now retesting the previous all-time-high, we might see a correction to retest the next support towards the downside before Ethereum will continue its overall bullish trend. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:ETHUSD
by basictradingtv
9