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Buyopportunity

WMS poised for breakoutLooking at the weekly or even monthly charts you can see that the company is consistently doing really well. Give or take, WMS has been consolidating since the beginning of this year and is now positioning itself for a breakout. The breakout from $113.81 was one with a lot of buying pressure and shows demand for this company. However, I do think that WMS may come back to retest the $114 to $115.25 area before going for the breakout. Final notes: * Solid up trending stock * Ready for breakout given the buying pressure * If you want to get in early (before the breakout), look for buying opportunities around the $114 to $115.25 range * If you want to be conservative, wait for a break and close above the all-time-high of $117.89 * Great for long term hold as it gives dividends as well.
NYSE:WMSLong
by HaseebKhan_90
STOR making higher moves to challenge all-time-highs!STOR has been on a rampage since the March 2020 crash. It has been breaking one pivot point after another. The 2016 highs ($31.44) were broken and served as support in 2019 and support again in Feb 2020. The price broke above again in November 2020 and $31.44 has served as support since. Now the price is challenging $36.40 which served as support for 5 months before the 2020 crash. The price did break above $36.40 and if the price makes a weekly close above $36.40 we may be looking at a run at the all-time-highs of $40.78. A run at the all-time-highs wont happen over night. It may take weeks or even months to get there but until then we'll ride the wave. Trade idea: * Wait for a weekly or monthly close above 36.40 as a confirmation. OR * Wait for the break but also wait for a retest as a show of confirmation that the price wants to go higher
SLong
by HaseebKhan_90
PYPL looking to break all-time-highs?PYPL made a new all-time-high in February of 2021 and now it's looking to make new all-time-highs. Fundamentally: * Sales growth quarter over quarter is more than 30% * Earnings-per-share expected to grow +5% over the next year Technically: * Beta score of over 1 * General up-trend * In rage from year-to-date * Found new support at $289.46 * Steady volume as it makes new support Trade Idea: * Look for buying opportunities near its new support of $289.46 * A break below that, $277.87 should hold as support since it's acting a pivot OR * Wait for a weekly close above $309.14 to confirm the break
NASDAQ:PYPLLong
by HaseebKhan_90
1
GBPUSD Good buy opportunity!Based on the chart, price have reached a major support area and a false breakout have happened. Also based on this false breakout we can conclude that there is strong demand at this area which can be good sign of buyers strength. Even more based on candlesticks, we can notice a good bullish Engulfing formed here 3 days ago while we can see no sign of sellers power. So based on this scenario I opened a buy position with a great risk reward ratio which can be about 1:4. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
XAUUSD Good opportunity for buyers!Based on the chart, a resistance area is broken and after a while price dropped on this zone which acts as support right now, and a good rejection is about to happening. So this rejection can be a good sign of the strength of buyers and on the other side, the weakness of sellers at this area. So based on this scenario I opened a buy position with a low amount of risk and good reward potentiality which is about 1:3.5 Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
FOREXCOM:XAUUSDLong
by Brian_Philips
AUDUSD Good buy opportunity!Based on the chart, price showed a major support area in previous days and this zone rejected the price from getting lower in some days but finally this support area broke at 3rd of June and we can see a perfect rejection of price at 4th of June. So we can easily conclude that a false breakout have happened at this point(Or it shows that the market didn't accept the lower price which can be a good sign of bullish market!). Therefore based on these scenarios I opened a buy position (as it presented on the chart) with a good amount of risk reward ratio(about 1:3). Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
XAGUSD good buy signalBased on the chart, recently price broke a major resistance area and a pull back is completed. Also a good support of buyers is observable at this chart which leads me to be buyer on pullback situations. So based on this scenario and what is happening on the chart, I opened a buy position with a good risk reward ratio (1:2.5) and will keep it for the following days. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
FX:XAGUSDLong
by Brian_Philips
EURGBP good opportunity for buyersBased on the chart the major movement of price is following the uptrend. Also in the previous days we have face a good drop at these currency pairs. But the rejection of price from getting lower happened recently and it can be a good sign to of the strength of buyers at this area. Therefore the weakness on sellers and the strength of buyers at this area, can provide a good trading opportunity for buyers. So I opened a buy position as it is shown on the chart with a low and probability of good reward which is about 1:3. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
2
USDJPY in buyers controllBased on the chart, price previously broke a major resistance area and now a pull back (or maybe a correction) has completed. We can clearly see that the power of sellers at this area decreased and today a good rejection is about to happening (which can be a good sign of buyers power at this area). So based on the mention scenarios, I prefer to be buyer at this area with a good risk reward ratio(1:3.5). Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
Tezos XTZ 40% Move to new ATHs Fib Ext Pull and Fib Speed Resistance Pull Target .618 and expecting some resistance at this area before a move to the the 1-1 Extension for fresh ATH and potential continuation . The move allows for a 40% return , do not FOMO I expect a pull back when we hit the .618. or even before given BTC potential volatility. Of course determine your own entry if you cant wait for that potential prospect. ****Please also note that any ALT setup regardless of how strong it is can be destroyed by aggressive BTC moves ***** Another observation I want to make is that the areas I have highlighted are where pullbacks have occurred literally around the same time each month . 21 Jan , 23 Feb , 25 March , and 23 April . Im not suggesting that come the end of May we will see the same but its worth noting and just a pattern that I noticed had played out throughout this year . Also each major correction has pulled us into the .382 speed fan resistance or close too it . Ensure that you have a trading plan with a clear invalidation and SL Ok well Thanks for reading and any questions pls ask , Like and FOLLOW for more of my content and Analysis .
Long
by SJTRADESFUTURES
45% Rally to the Upside for XRP 4HR TF Bullish Symmetrical Triangle Close to the apex for a breakout Wait for the Break of the Resistance with a candle close and back test . I have done a fib ext pull and detailed where i expect to take profits In the event we hit the 1-1 extension as seen in the chart which is a TP for me I will hold back 20% of position for a potential Price discovery with a trailing Stop loss. Take profits on the way up at key areas of resistance and lock in profits! Dont be blinded by greed as price action can aggressively change and then the profits are gone so have a plan and stick to it . All it takes to invalidate any setup with an ALT coin is a big up or down move from BTC ! Know your invalidation and always use a SL PLAN THE TRADE AND TRADE THE PLAN
Long
by SJTRADESFUTURES
4
GSX possible bounce back after being destroyed for so long 🚀NYSE:GSX has been on a massive selloff from the highs of 149$ all the way to the present 31$. So far it looks like it might've found support around 28-30$ it might consolidate here for a little before running up. Or it might dip even further that might push the stock even higher and faster, we could see it drop towards the support lines of 18-22$. Price target for NYSE:GSX for the upcoming future would be anywhere around 80-100$ before we see any other possible pullbacks.
GLong
by G-23
1