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IS $ABBV ready to come up on the right side of its base?Notes: * Strong up trend on all time frames * Great earnings track record * Basing for the past ~8 months * Now looking to come up on the right side of its base * Printed a pocket pivot in the last session, indicating institutional buying * Offering an early entry relative to its 50 day line Technicals: Sector: Healthcare - Drug Manufacturers - General Relative Strength vs. Sector: 6.46 Relative Strength vs. SP500: 2.33 U/D Ratio: 1.4 Base Depth: 28.76% Distance from breakout buy point: -12.22% Volume 18.24% above its 15 day avg. Trade Idea: * You can enter now as the price is coming off of its 50 day line * If you're looking for a better entry you can look for one around the ~147 area as that should hold as support moving forward * If you're looking for a safer entry you can wait for a break and close above the ~152.5 area as that is the immediate resistance coming up * A daily close below the ~147 area would negate the bullish outlook.
NYSE:ABBVLong
by HaseebKhan_90
Is $BJ ready to push higher?Notes: * Strong up trend on the higher time frames * Great earnings track record * Basing for the past ~3 months * Forming a cup and handle with the base ~14% deep and a flat handle * Formed a bullish engulfing candle a couple of days ago * Now it's flashing an early entry along with a pocket pivot Technicals: Sector: Consumer Defensive - Discount Stores Relative Strength vs. Sector: 4.8 Relative Strength vs. SP500: 2.23 U/D Ratio: 1.03 Base Depth: 13.97% Distance from breakout buy point: -1.6% Volume 15.02% above its 15 day avg. Trade idea: * You can enter now as the price is close to its 50 EMA * It's also breaking above the resistance area of ~77.5 with volume * If you're looking for a better entry you may be able to catch it around $76.1 as that should hold as support going forward.
NYSE:BJLong
by HaseebKhan_90
Is $CPRX ready to break out of its cup and handle?Notes: * Strong up trend * Okay earnings track record * Basing for the past ~8 weeks * Pulled back to its 10 week line and managed to hold it as support creating a cup and handle pattern * Printed a pocket pivot near its 50 day line offering an early entry and indicating institutional demand Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 23.86 Relative Strength vs. SP500: 4.28 U/D Ratio: 1.21 Base Depth: 45.07% Distance from breakout buy point: -18.82% Volume 14.75% above its 15 day avg. Trade Idea: * You can enter now as the price is rising with higher than average volume off of its 50 EMA * Another reason for entering would be that it printed a pocket pivot * If you want to play it a bit safe you can wait for a break out of the indicated channel and the 14.3 area since that may serve as immediate resistance
NASDAQ:CPRXLong
by HaseebKhan_90
Is $PRCT ready to move higher from here?Notes: * Steady up trend in a bear market * Nice earnings for the past to quarters * Recent IPO * Looking to break above its IPO base * Printed a pocket pivot, indicating institutional buying * Offering an early entry relative to its 50 day line * Sitting just above a pivotal level of 43.9 and holding it as support for the past several sessions * IPO base resistance comes in around 47.7 Technicals: Sector: Healthcare - Medical Devices Relative Strength vs. Sector: 15.62 Relative Strength vs. SP500: 4.68 U/D Ratio: 1.1 Base Depth: 182.59% Distance from breakout buy point: -4.82% Volume 54.55% above its 15 day avg. Trade Idea: * You can enter now as the volume and price are indicating of it moving higher from here. * If you want to be a bit more safe, you can wait till after earnings
NASDAQ:PRCTLong
by HaseebKhan_90
BPCL -Bullish Price Action AnalysisFrom Oct 2021 , NSE:BPCL has continuously made LH-LL in daily Time Frame. Now Price has Approached pandemic level and also its demand zone comes from the higher TF such as Weekly & RSI is showing the Divergence. A good buying opportunity arise if price sustains this demand zone (287-300). Price has already dragged much from the top level so buying opportunity only comes to the picture. If you have other opinion, please share your comment below and like & follow for upcoming great analysis. Safe Trading ;)
NSE:BPCLLong
by vraj8597
XAUUSD | Perspective for the new week | Follow-up detailsThis is a follow-up to our previous analysis where we were able to close the week with over 3,000pips in profit (see daily commentaries in the link below for reference purposes). Going into the new week, it is obvious that the yellow metal gained some bullish traction towards the end of the week, rising more than 1% on Friday as the dollar weakened amid reports of a potential debate amongst the U.S. Federal Reserve officials about the pace of rate hikes. Will the latest development be a reason to stake on the Gold in the new week? Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
BTC Buy Limit 10.28.2022💸New Free Signal💸 ==================== ⚡️#BTC/USDT 🏛Exchanges :Binance & Kucoin Futures 📈 LONG 💎Leverage : 10X - 100X ▶️ Spot& Future 🟡 Entry : 19100$-19450$-19550$ 🟢 Target 1 : 19800$ 🟢 Target 2 : 20300$ 🟢 Target 3 : 20600$ 🔴 Stop loss: 18900$ 📊Analysis Method: Order Blocks+ Volume profile 🆚Risk/Reward Ratio: 11 ➖➖➖➖➖➖➖➖ 👤 Desert Eagle🦅 📅 10.28.2022 ⚠️ (DYOR) Good Luck Traders📉📊
Long
by Trader_Needs
Can $MNTK continue to lead the Utilities sector?Notes: * Recent IPO with steady up trend * Not the best earnings in the recent quarters * Basing for the past ~3 months * While basing it bounced off of its IPO highs around the 13.8 area * Recently breaking and holding above a pivot area between 16.65 and 16.9 * Daily and weekly volume seems to be indicating buyers coming in and the UD ratio seems to be indicating the same Technicals: Sector: Utilities - Utilities - Diversified Relative Strength vs. Sector: 10.61 Relative Strength vs. SP500: 35.4 U/D Ratio: 0.96 Base Depth: 46.96% Distance from breakout buy point: -15.4% Volume 31.76% above its 15 day avg. Trade Idea: * You can enter now as the price is holding the 16.9 area as support * If you're looking for a better entry you can wait to see if it retests the 16.9 area again.
NASDAQ:MNTKLong
by HaseebKhan_90
Is $PI ready to break out of its ~10 month cup and handle?Notes: * Strong up trend on higher time frames * Excellent earnings track record * Basing for the past ~10 months * Forming a cup and handle pattern while basing * Printed a pocket pivot signal, indicating institutional buying * Volume on the daily and weekly time frame seems to be increasing as well * Strong resistance around the $90 area Technicals: Sector: Technology - Communication Equipment Relative Strength vs. Sector: 6.75 Relative Strength vs. SP500: 17.9 U/D Ratio: 1.09 Base Depth: 137.32% Distance from breakout buy point: -10.12% Volume 79.85% above its 15 day avg. Trade Idea: * You can enter now based on the pocket pivot signal * Or given the market conditions you may wait for a break out of the handle as indicated or even a break above the $90 area
NASDAQ:PILong
by HaseebKhan_90
1
Is $CLFD ready to start coming up on the right side of its base?Notes: * Strong up trend on all time frames * Great earnings in the recent years * Basing for about 9 weeks * Starting o come up on the right side of its base with volume * Created a launch pad with the 10,20 and 50 EMAs Technicals: Sector: Technology - Communication Equipment Relative Strength vs. Sector: 4.11 Relative Strength vs. SP500: 6.57 U/D Ratio: 1.24 Base Depth: 43.31% Distance from breakout buy point: -18.43% Volume 0.44% above its 15 day avg. Trade Idea: * You can enter now as it's just coming off of the launch pad with volume * It's also breaking above a clear resistance area of ~105.4 * If you're unsure at the moment you can wait for a retest of the the ~106 area as support before jumping in.
NASDAQ:CLFDLong
by HaseebKhan_90