Buysetup
GOLD LONG TERM BUY ZONE!! huge upsideLooking for price to once again reject this support for a a huge upside potential. We have created a nice support off this supply zone at 1680 before so once again I'm looking for a rejection or right shoulder move from here to take price to at least the first TP of 1760! Gold has been moving sideways on the weekly for sometime now and once again we should get a nice push up to either continue the sideways pattern or create a new entry for continuation longs on the longer term. Make sure your trading smart and always remember how fundamentals can have a huge impact on gold so always cover your trades at breakeven! Good luck!
ANANTRAJ LTD GOOD FOR SWING TRADINGANANTRAJ LTD GOOD FOR SWING TRADING
Resistance breakout
Rejection 3-4times and then breakout
Buy = 96.55
1st Target= 113
2nd Target= 131
stop loss=76.60
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Can $ADM hold support and move higher from here?Notes:
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Basing for the past ~6 months
* Coming up on the right side of its base
* Recently broke back above a key level around ~$87.2 and has been holding this level as support with higher than average volume
* Printed an inside day with higher than average volume
* Bouncing off of its 20EMA
Technicals:
Sector: Consumer Defensive - Farm Products
Relative Strength vs. Sector: 2.78
Relative Strength vs. SP500: 1.55
U/D Ratio: 1.81
Base Depth: 37.27%
Distance from breakout buy point: -10.61%
Volume 22.31% above its 15 day avg.
Trade Idea:
* You can enter now as the price is bouncing off of its 20EMA and a key support level around $87.2
* If you want a better entry you can look to enter around $87.2 or if it pulls back closer to the 20EMA
* This stock usually has local tops when the price closes around 12.92% above its 50 EMA
* Consider selling into strength if the price closes 12.72% to 13.12% (or higher) above its 50 EMA
* The last closing price is 4.89% away from its 50 EMA
EURUSD intraday Setup 01Sep2022in todays session i will be looking for Buy Setup ( Buy Stop n Conditional Setup ) as yesterday's closing was positive ( overall downtrend ) so i will prepare my buy according to mentioned scenario . Buy Trade Setup will be void if Market got hit 1.0007 before reaching 1.0038 around levels.
Good Luck , Trade with carefully .
US Dollar forms a bullish flag against Swiss FrancAfter having made research and taking in to account the current conditions i think that sadly we can see a strong pump in the us dollar for the coming weeks.
If you look at the chart of Swiss Franc against US Dollar you can clearly see a bullish flag pattern which usually indicates an accumulation followed by a continuation on the actual uptrend.
If the price opens and closes over the upper trend line i will consider to open a long with targets 1.021 1.07 1.15 and 1.25 and i will set an stop loss order at 0.957.
In the case that a clean daily candle is printed over the upper trend line i will try to enter at the pullback of the breakout with a limit order on 0.974.
If the price fails to close over the upper trend line this setup is invalidated.
I would be glad to see what do you think in the comments and if you agree with me don't forget to give a boost.
Regards and happy trading.
XAUUSD - KOG REPORT! (Monthly)Monthly Chart:
The monthly chart where we have highlighted the targets of which most have been achieved. The more important ones at the moment are those that are sitting at the bottom of the chart starting at 1657. As you can see, we have one missed target above which is sitting at around 1830, this is anticipated to get completed once Gold has put the low in, how low though remains to be seen.
We’ll continue with the plan on the smaller time frames.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
this is interesting what I see….If 17500 area is the bottom then should be able to hold and accumulate should bulls up sideways and sky rocket to break the resistance
But it is still in a good buy position; if you don’t like where it is now and will drop more then wait for 10k; the lower the price goes in range, the higher the price will go.
Choose wisely and good luck; crypto crash is coming also the merge.. so becareful where you buy.
It’s your chance this year to be a millionaire, trillionare , billionaire.
$STLD is pushing higher on the right side of its ~5 month base!Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Basing for the past ~5 months
* Was rejected around the ~85.3 area and pulled back to its 20 day EMA
* Now it's broken above that resistance level with high volume
* Printed a pocket pivot indicating institutional demand
* Seems to have also formed an inverse head and shoulders pattern
* Showing lots of strength and accumulation
Technicals:
Sector: Basic Materials - Steel
Relative Strength vs. Sector: 3.15
Relative Strength vs. SP500: 1.44
U/D Ratio: 1.75
Base Depth: 55.04%
Distance from breakout buy point: -13.12%
Volume 148.59% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking above resistance with volume
* If you're looking for a better entry you may find one on the retest of ~85.3
* This stock usually has local tops when the price closes around 21.32% above its 50 EMA
* Consider selling into strength if the price closes 21.12% to 21.52% (or higher) above its 50 EMA
* The last closing price is 12.53% away from its 50 EMA
Is $PSTG ready push higher on the right side of its base?Notes:
* Steady up trend on all time frames
* Great earnings track record
* Basing for the past ~8 months
* Pulled back to its 20 day line and is now moving higher with volume
Technicals:
Sector: Technology - Computer Hardware
Relative Strength vs. Sector: 3.54
Relative Strength vs. SP500: 6.42
U/D Ratio: 1.24
Base Depth: 64.4%
Distance from breakout buy point: -15.42%
Volume 41.61% above its 15 day avg.
Trade Idea:
* You can enter now as the price is recovering from its pull back on high volume
* If you're looking for a better entry you may be able to find one around the ~$30.7 area
* This stock usually has local tops when the price closes around 19.92% above its 50 EMA
* Consider selling into strength if the price closes 19.72% to 20.12% (or higher) above its 50 EMA
* The last closing price is 9.1% away from its 50 EMA
Is $ARCB ready to start coming up on the right side of its base?Notes:
* Very strong up trend since March 2020 on all time frames
* Great consistent earnings since 2020
* Basing for the past ~9 months now
* Broke above and retested $86.7 which has acted as a pivotal area for bulls and bears
* Consolidating just above $86.7 for the past ~4 weeks with decreasing volume
* It was consolidating around the bottom of its base with decreasing volume as well; meaning sellers lost steam
Technicals:
Sector: Industrials - Trucking
Relative Strength vs. Sector: 4.04
Relative Strength vs. SP500: 5.53
U/D Ratio: 1.32
Base Depth: 86.73%
Distance from breakout buy point: -28.74%
Volume 1.77% above its 15 day avg.
Trade Idea:
* You can enter this now as the price is close to its 50 day line and it's also close to the broken resistance of $86.7
* If you're looking for a better entry you can try catch one around $86.7 as that should hold as support moving forward
* This stock usually has local tops when the price closes around 27.14% above its 50 EMA
* Consider selling into strength if the price closes 26.94% to 27.34% (or higher) above its 50 EMA
* The last closing price is 7.21% away from its 50 EMA
$TBLT Next Target PTs 9-13 and higherToughBuilt Industries, Inc. designs, develops, manufactures, and distributes home improvement and construction products for the building industry in the United States and internationally. It offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/cellphones, etc.; and kneepads. The company also provides sawhorses, miter saws, table saws, roller stands, and workbenches; sawhorse/jobsite tables; and digital measure and levels. It offers its products under the TOUGHBUILT brand through various home improvement big box stores, professional outlets, and direct marketing to construction companies and trade/wholesale outlets. The company was formerly known as Phalanx, Inc. and changed its name to ToughBuilt Industries, Inc. in December 2015. ToughBuilt Industries, Inc. was incorporated in 2012 and is based in Lake Forest, California.
$DRUG Next Target PTs 4.50-9 and higherBright Minds Biosciences Inc., a pre-clinical biosciences company, develops 5-HT (serotonin) medicines to improve the lives of patients with severe and life-altering diseases. Its portfolio of selective 5-HT receptor agonists comprises 5-HT2C, 5-HT2A, and 5-HT2C/A for the treatment of epilepsy, pain, and neuropsychiatry. The company has collaboration with National Institutes of Health for the treatment of epilepsy; University of Texas Medical Branch to treat impulse control disorders, such as binge eating; and Medical College of Wisconsin. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.
$CAL is breaking out of a ~15 month long base. Can it go higher?Notes:
* Strong up trend since March 2020
* Good earnings in the recent quarters
* Basing for the past ~15 months
* Broke out around the end of May but pulled back to its 200 day line
* Currently breaking out of historical resistance of $29.85 with higher than average volume
* Next historical resistance comes in around $31.38
Technicals:
Sector: Consumer Cyclical - Footwear & Accessories
Relative Strength vs. Sector: 1.8
Relative Strength vs. SP500: 5.0
U/D Ratio: 1.44
Base Depth: 67.62%
Distance from breakout buy point: 1.31%
Volume 11.71% above its 15 day avg .
Trade Idea:
* You can enter now as the price is just breaking out of its base and historical resistance with higher than average volume
* If you're looking for a better entry you can look for one around the $29.85 area as that should hold as support moving forward
* This stock usually has local tops when the price closes around 21.29% above its 50 EMA
* Consider selling into strength if the price closes 21.09% to 21.49% (or higher) above its 50 EMA
* The last closing price is 11.01% away from its 50 EMA
Possible reversal on EUR/USD and why!FX:EURUSD
Looking unto the EUR/USD from a top down analysis on a monthly chart, one could derived the fact that we are on a strong down trend and probably break the last support some month back though their exist a change of character which could signify the beginning of an uptrend the current retest into the 4hr OB could signify new trend. Any other opinion or Bias is welcome though🥰
$EQNR is breaking out of its base with a Pocket Pivot!Notes:
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Created a double bottom base for ~5 months and is now breaking out with higher than average volume
* Not much else to say... it's a great looking chart ;)
Technicals:
Sector: Energy - Oil & Gas Integrated
Relative Strength vs. Sector: 6.09
Relative Strength vs. SP500: 1.64
U/D Ratio: 1.17
Base Depth: 22.23%
Distance from breakout buy point: 0.44%
Volume 31.67% above its 15 day avg.
Trade Idea:
* You can get in now (at $38.44) as the price is just breaking out
* If you want a better entry you can look for one around the 37.7 area if it comes back down
* Right now it does seem to be gaping up so I wouldn't chase the price... Lets see how it behaves after the gap up and offers another entry
* This stock usually has local tops when the price closes around 15.28% above its 50 EMA
* Consider selling into strength if the price closes 15.08% to 15.48% (or higher) above its 50 EMA
* The last closing price is 7.64% away from its 50 EMA