Buy CUMMINSINDStock gave breakout from descending triangle pattern!
Can be bought @cmp for target of 1065.
Take SL at 840.
R:R is 2.22 if bought at 910.
Buyopportunity
Gland pharma Daily seen double bottom and rsi divergence buy at Cmp(3300)Sl will at 3200 for 3450 3500 ++
WAR WeStarter Cryptocurrency Launchpad at $1 Million Mk capWAR WeStarter is a cross-chain token initial swap platform which selects high-quality crypto projects that need fundraising before listing to major exchanges.
It was launched in May 2021 at $2. Due to market conditions, the price is now $0.071 and the market cap is $1 million.
The first financing was completed on April 15th, and the participated investment institutions include Continue Capital, SevenX Ventures, NGC Ventures, AU21 Capital, Spark Digital Capital, LD Capital, Power Law Capital, Kyros Ventures, DoraHacks Ventures, SkyVentures, DEFI TIMES CAPITAL and others.
A similar incubator is SFUND Seedify, has a mk cap of $185Mil.
So The upside potential is 185X from here just to reach SFUND`s market cap.
Extremely low circulating supply, with few thousands usd, you ca substantially move the price.
The RSI shows a massive bullish divergence. Increase in volume while decrease in price.
Minimum upside potential is 10X in my opinion.
Paypal Correction coming to an end ? Paypal has taken a beat down this week but when we zoom out its no more than a healthy correction .
Price began to correct after putting in a double top back in the summer and from then on we identify a change in market structure .
We are way down at the .786 Fib and heading towards .886 for around 110 a share .
Always wait and see the reaction of a level and look at volume and reactions on a LTF will give you some clarification.
If .886 is the last stop then you want to see a change in market structure on LTF with a higher low /Higher high but i
would expect a reaction at this level .
Fib speed fan and FIB Expansion used in chart + fixed Range
$GGPI Gores Guggenheim, Inc. intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or similar business combination. The company was founded in 2020 and is based in Boulder, Colorado.
MATIC Following BTC Correction [10:51/Dec 3] MATIC Following a correction we have a main support resistance line that will impact the price and decision of the trend, some how it looks it can go and find a bottom around $2 this all depends on how low BTC can go on this weekend correction.
Get ready to add more matic later this day.
Waiting for retest for LINA/USDTHi all,
Why I see an opportunity
LINA broke through the resistance yesterday.
The retest area corresponds nicely with the Fibonacci level
With the current bullish sentiment, I am waiting for a retest as final confirmation before entering the trade. For this, I keep an eye on the price action on lower timeframes. (I don't set a buy limit).
Possible Disadvantages
- Retest can also be higher so we miss the boat
- The leverages traders (including me) are being tricked with a false breakout.
Always do your own research and use proper riskmanagement
Buy opportunity ICP/USDTA few days ago I drew a scenario where I see a buying opportunity when the price goes above $45. The price has moved above this resistance today. Not very extreme, but in an interesting way.
Fib confirmation
The Fibonacci level is between .649 and .81. Combine this with other factors (see drawing) and I expect an increase to $68. I have a spot trading for longer-term and a leverage position as in the chart.
Risk
The disadvantage is that there is no uptrend yet so that consolidation can continue. Always do your own research and have good riskmanagement.
View on ICP/USDTICP has been accumulating for a month. I think in a positive scenario we could see a breakout around $45. It can of course also happen that the accumulation continues.
Leverage trading
In the case of leverage trading, I would wait for a retest at a price level of $50 or $55 (depending on a breakout). The lower timeframes help you to have a sexy entry.
Spot trading
In the case of spot trading, the price is quite low compared to earlier this year.
Important!
The information is based on my opinion and is not financial advice
DEGO CHART ANALYSISDEGO is in a very good place.
The price went down 80% from it's ATH in March, so right now we need to wait for trend breakout and retest and also moving average confirmation then we buy DEGO and we hodl a few days/weeks.
As I see it now, if we do break the down trend, then we might go for a new ATH around 50$.
XAUUSD Good buy area!Hey guys,
Based on the chart there is a good buy opportunity for XAUUSD. So lets check the chart with us and see what is happening:
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1. Breaking the bearish trend line ( Bullish )
2. Bullish Engulfing candlestick ( Bullish )
3. Breaking a resistance area strongly and a pullback is happening ( Bullish )
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So these 3 reasons and good risk reward ratio lead me to be buyer at this area. We're trying to consider both bullish or bearish signals in each chart and compare them with each other. But at this chart we don't see bearish signals right now.
** Considering risk management rules is a necessity!
Finally it was our idea about the next movement of XAUUSD. So lets see what do you think? bullish or bearish? Your idea is valuable for us so please bring your reasons in comments.
Thanks for being and supporting us!
USDCHFThe market patterns seems good for selling on a daily and 4 hour which looks good for a buying position, look for confirmations on the lower time frames and let it ride! ;)
Wait for The breakout and Enter into the Trade - IonxleisurOnce the Trendline is broken then in the upcoming days it will reach the target levels.
The last DIP? Time to BUY?As you can see, BTC still making a higher low since few days back, and it just now testing the purple trend line BTC just broke and went upside few days before...
Right now BTC could found it support in both the purple trend line and the red fibonacci level line... this would be a very strong support if you asked my opinion...
if somehow the downward pressure is very-very big, and both of this support break, $46000 would be my first target in the downside...
But still, it it breaks to the downside, it wont surprise me if it testing lower level such as the $45K level, the most important support still would be in the $44.3K (green line)
If it breaks, then a lower price target would be in play... Final resistance would be in around 41K-42K level... Which also what the creator of BTC stock to flow model said in his tweet...
But for now, I am just accumulating/DCA in project that I like and waiting to see how it will play out...
Dont stress out!!! it's just noise until it breaks serious support and resistance... hahhaha
#Keepitsimple
#notfinancialadvice
TPX breakoutTPX made a base over base and broke out!
Fundamentally, it's earnings and sales have been growing more than 30% quarter over quarter and is expected to continue growing.
Technically, it's been in a range since March 2021. After the earnings report in July it broke out of the range and started consolidating above the previous range creating a base over base pattern. A break out of such a pattern can prove to be very powerful.
Trading idea:
* A pull back to retest the $44.50 area is likely so look for buying opportunities there.
* If you want to get in regardless of a discount now would be a great time to get in and ride the wave!
AOS forming an inverse head and shoulders.AOS has been forming an inverse head and shoulders since May of 2021 and now looks like it's ready to move higher.
Fundamentally, the company's doing pretty well and is expected to do better in the coming year with increasing earnings per share and sales.
Technically, it has been on a solid up trend and now is looking to continue. With a Beta over one it's expected to continue in the direction of the general market.
Trade idea:
* Look for buying opportunities after a daily close above $73.05 to further confirm the inverse HS break out.
Target:
* The target for this pattern break would be around the $80.50 area.
SONO gaped up after earnings!SONO gaped up after earnings with massive volume coming in.
I expect the price to go sideways in the coming week holding $36.60 as support before moving higher.
Look for buying opportunities around $36.60.
Alternatively, you can buy now and dollar cost average around this area as this is a good long term hold as well.
ULTA looking to make new all time highs!ULTA (Ulta Beauty, Inc) is testing resistance around the $355 area that dates back to mid 2019.
Fundamentally,
* It's undervalued with a PEG of 0.77
* Its earnings per share is expected to grow over the coming year.
Technically,
* General up trend
* Beta > 1 (following the general market trend)
* Broke above the resistance of $315 that dates back to 2017 and retested it as support
* It's approaching and testing resistance that dates back to 2019 and is looking to break through
Final thoughts:
* This is a good long term hold as the company is generally doing really well.
* It's currently undervalued, meaning it's actually worth more than the current price.
* Now would be a good time to get in if you're looking to hold this for the long term.
* If you're looking for a discount, look for buying opportunities around the $340 area
* If the price closes below $340 then look for buying opportunities around the $330 area.
Alternatively, if you like to buy high and sell higher, you can look for the price to make a weekly close above $355.36.
BTC/USD any pullback is a buyHi followers,
BINANCE:BTCUSD is up about 10% last week. Are we forming a new uptrend? What do you think?
While the bitcoin stays above 40,000$, any move down should be considered as a buying opportunity.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share!
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
EUR/USD LIKELY TO MAKE NEW HIGH !! #BUYEUR/USD Seems Strong enough to make New Highs!
Buying of this pair was already recommended at 1.18300 on previous chart.
Note: Please do your own research before any trade action.
Buy Zone: 1.18430 - 1.18530
Stop loss: 1.17730
Target Zone: 1.19920 - 1.20137
JBL approaching resistance that dates back more than a decade!JBL, an electronic components company, is approaching resistance that dates back to more than a decade!
This is huge! When multi year resistances break you can be sure that the stock is going to shoot to the moon.
Looking at the price action on the weekly or even daily, it seems like this may approach or even break above $59.88 in the coming week.
Trade idea:
* Look for a weekly break and close above $59.88. Getting in before that may be a bit more risky since this may act as a strong selling point.
CMCSA trying to break out!CMCSA has been forming an ascending triangle since March of 2021. With a Beta of over 1, the clear up trend on the weekly and even monthly makes sense.
With a Payout of 36.80% CMCSA guarantees a lot of room for growth and further dividend increases as well.
Technically:
* Looking at the price action over multiple time frames it seems like CMCSA may be breaking out in the coming week.
Trade Idea:
There are a few things you can do to enter this trade.
* You can enter now before the breakout. This would give you a nice return.
* It may dip a bit before trying to break resistance again so you can look for buying opportunities around the $57 area.
* Or ultimately you can wait for a clear break of this resistance before entering.
** The measured objective (target) for this pattern break out would be in the $65.78 area
Regardless of what you choose CMCSA is a great long term hold and is positioning itself for a move higher.
