$EW breaking out of a ~8month base!Notes:
* Good earnings record
* Very strong up trend on the monthly
* Breaking out of a ~8 month base for the second time
* Has been ranging tightly for the past few weeks between $123.27 and $119.94
Technicals:
* Sector: Healthcare - Medical Devices
* Relative Strength vs. Sector: 1.2
* Relative Strength vs. SP500: 3.88
* U/D Ratio: 1.13
* Base Depth: 20.9%
* Distance from breakout buy point: 1.01%
* Volume 18.81% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still very close to the breakout point
* If you're looking for a slightly better entry you can wait for an opportunity around $123.27 or 119.94
* Manage risk accordingly
Buysetup
$GGB breaking out of a ~11month base!Notes:
* Great earnings in the recent quarters
* Strong up trend in the recent years
* Breaking out of a ~11 month cup shaped base with higher than average volume
* During the recent pull back the volume was decreasing indicating bullishness.
Technicals:
* Sector: Basic Materials - Steel
* Relative Strength vs. Sector: 7.19
* Relative Strength vs. SP500: 13.71
* U/D Ratio: 0.8
* Base Depth: 56.93%
* Distance from breakout buy point: 0.31%
* Volume 14.02% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of the base
* Manage risk accordingly
$PLD breaking out of a cup with handle!Notes:
* Excellent earnings
* Very strong up trend in the longer time frames
* Breaking out of a ~5month cup with handle pattern with higher than average volume
Technicals:
* Sector: Real Estate - REIT - Industrial
* Relative Strength vs. Sector: 2.29
* Relative Strength vs. SP500: 7.54
* U/D Ratio: 0.96
* Base Depth: 20.72%
* Distance from breakout buy point: 0.3%
* Volume 34.89% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out with higher than average volume and good earnings report.
* If you're looking for a slightly better entry you can wait for an opportunity around the $168 area
$PLUG entry PTs 26.50-27.50 Next Target PT 46.50 and higher^ Plug Power Inc (NASDAQ: PLUG) has signed an agreement with retailer Walmart Inc (NYSE: WMT) for an option to deliver up to 20 tons per day of liquid green hydrogen.
The hydrogen will power material handling lift trucks across Walmart distribution and fulfillment centers in the U.S.
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the mobility, material handling, and stationary power markets in North America and internationally. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing internet of things-based maintenance and service program for GenDrive and GenSure fuel cells, GenFuel hydrogen storage and dispensing products, and ProGen engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzer, a hydrogen generator optimized for clean hydrogen production. The company offers its products to retail distribution and manufacturing businesses through a direct product sales force, original equipment manufacturers, and dealer networks. It has a strategic partnership with Airbus SE to decarbonize air travel and airport operations with green hydrogen; and Fortescue Future Industries to manufacture electrolyzer technology in Australia. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
GoldViewFX - MARKET UPDATEHey Everyone,
The hourly chart has HIT all the Bullish TARGETS identified. Once again our strategy to take 20 to 40 pips at a time using our levels gave us safe exits on our buys. Even when the market moves outside the technical sequence due to external news our technical analysis gave us the exit with precision!!
The market took the price down using St. Louis Fed President James Bullards comment as an excuse. Bullard said that hikes of 75 basis points should not be ruled out. The last increase of that size was in 1994. They have taken out some of the retail traders and will now buy back in at a lower price to reach the upper targets again. PATIENCE is staying out and coming back in with the smart money.
The market may now move sideways here in this range before we see it settle back into organic movement. 1961 GOLDTURN support level was a strong level that got taken out, opening 1952 and 1944, which was HIT. 1944 is our next significant support level. EMA5 break and close here will see 1940, 1931 and 1927 open for TARGETS. Failure to break 1944 will see price BACK to BENCHMARK (SEE RELATED POST BELOW ON BACK TO BENCHAMRK)
BULLISH TARGETS
1952, 1961, 1969
RETRACEMENT TARGETS
1944, 1940, 1931
SWING RANGE
1921
DAILY CHART
The daily chart structure is very much Bullish and the overall trend is clear. MA's are still aligned in order ma5, ma21, ma50, ma200. Even taking into consideration the FULL SWING RANGE of the daily chart should ema5 cross over some of the MA's, we still remain in a clean uptrend.
I remain confident in BUYING dips in this market condition and taking 20 to 40 pips at a time will give us a better chance in navigating curve balls the market throws at us. Today was the perfect example! We will trade this range Goldturn to Goldturn and entries and exits using our custom daily INTRADAY levels that we share with our members daily.
As always we will keep you all updated with our trading plans daily. Please don't forget to like, comment and follow to support us, it helps us bring more content to you all.
GoldViewFX
XAUUSD TOP AUTHOR
$HYMC Next Target PTs 3.25-3.75 and higherHycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine covering an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2021, its Hycroft mine had measured and indicated mineral resources of 9.6 million ounces of gold, and 446.0 million ounces of silver. Hycroft Mining Holding Corporation is headquartered in Winnemucca, Nevada.
$USEG Next Target PTs 13-18 and higherU.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota; the Permian Basin in New Mexico; and Texas. As of December 31, 2021, the company had an estimated proved reserves of 1,344,626 barrel of oil equivalent; oil and natural gas leases covered 89,846 gross acres and 5,757 net acres; and 146 gross producing wells. U.S. Energy Corp. was incorporated in 1966 and is based in Houston, Texas.
GoldViewFX - MONTHLY CHART UPDATEHey Everyone,
We have not shared the monthly chart for a while and wanted to share this, as we have identified an EMA5 cross and lock above 1867 MONTHLY CHART GOLDTURN for the first time!!! This confirms the next monthly level at 2074 and also supports the cup and handle pattern, which has a higher TARGET set to break the ATH.
As always we expect swings but manage our risk using our custom intra day levels that we share daily with our members that give us safe entries and exits.
Please also note we do not trade patterns alone but do use them to support our overall analysis.
Please don't forget to show your support by hitting like on this post, we would really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
$SBLK ready to push higher after printing a Pocket Pivot?Notes/Thoughts:
* Broke out of $29.87 once again this time with tonnes of volume and a printed a pocket pivot!
* With increased hedge fund activity it makes sense to get in now
* Has the relative strength and the UD Volume indicating that it's ready to move higher
Technicals:
* Sector: Industrials - Marine Shipping
* Relative Strength vs. Sector: 11.25
* Relative Strength vs. SP500: 10.98
* U/D Ratio: 1.24
* Base Depth: 21.77%
* Distance from breakout buy point: 1.98%
* Volume 106.73% above its 15 day avg.
Trade Idea
* The idea here is to play the pocket pivot.
* The pocket pivot seems to be valid as it's emerging from the 10/20 EMAs
* This seems like a good entry as it broke out from $29.87 with tonnes of volume and we can expect it to continue higher
* Managing risk tightly as I don't want to lose more than 4% on this trade
* If you're looking for a better entry you can look for an opportunity around the $29.87 area and manage risk accordingly
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETS$Hey Everyone,
We have broken out of the GOLDTURN channel and then saw price support at 1961 providing another push up. As long as EMA5 stays above 1961, the upper levels will stay open for the open TARGETS.
1984 TARGET open due to EMA5 cross and lock with candle body close.
TARGETS - 1976, 1984, 1990, 1996
RETRACEMENT RANGE
1961
If 1961 is broken we will see lower GOLDTURNS open for target, however we will still remain BULLISH and will wait till we see deeper corrections with new Goldturn support to be created for us to continue to BUY dips again.
These significant GOLDTURN levels we pick out allow us to know when to pause before we continue to buy or sell and our strategy for this market condition to buy 20 to 40 pips at a time allows us a better chance to avoid getting stuck in any swings.
SWING RANGE
1952
1961 support is crucial to maintain upper TARGETS.
As always we will keep you all updated with daily updates on how we manage the range. Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATED LEVELS & TARGET$$Hey Everyone,
We have updated the 4H chart Goldturn levels and we will now watch how EMA5 reacts to the immediate Goldturn support and resistance levels. As long as EMA5 is maintained above 1957 we will remain confident in buying dips and taking 20 to 40 pips at a time will allow us to get out safely with a better chance to avoid getting stuck in any swings.
TARGETS
1975, 1995, 2017
EMA5 cross and lock with candle body close gap to next GOLDTURN will confirm each level at a time. We will wait to see EMA5 cross 1975 to open the upper targets. Failure here we will see a challenge at 1957. EMA5 break below 1957 will change our 4H chart setup, as the lower targets 1939 will open up. However we will still remain within the Bullish swing range, which will still give us confidence to buy dips.
RETRACEMENT RANGE
1957
SWING RANGE
1939
We will closely observe the Goldturn challenges on this chart. As always we will keep you all updated throughout the week.
Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - WEEKLY CHART UPDATED LEVELS & TARGET$$Hey Everyone,
We thought we would share our weekly chart setup, as we have a long range gap that has opened up to 2034.
EMA5 has finally broken 1944 with last weeks candle body close confirming the lock to 2034. We have also broken out of the Goldturn channel confirming the Bullish setup.
Long range TARGET
2034
RETRACEMENT RANGE
1944
SWING RANGE
1876
Staying within the swing range will maintain our Bullish structure. A break below 1876 swing range on the weekly chart will change the Bullish structure. 1797 will open for target in which case we will review and update our setups to effectively switch direction to target the lower levels using our custom intraday levels on the smaller timeframes that we share daily with our members.
We will keep this chart in mind, as part of our overall plans and we will continue to break this weekly chart down on the smaller timeframes daily, so we can trade the range level to level.
Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - DAILY CHART UPDATEHey Everyone,
We had another awesome day of strategically collecting pips and avoiding any of the swings. We anticipated the retracement close of play yesterday, which played out perfectly and then we took buys from every support level to ride up to our signal target at 1978. BOOOM!!!
We thought we would close off the week before the holiday weekend with our daily chart setup. This chart was shared on April 10 for our long range AXIS TARGET with our Goldturn channel (our unique way of drawing channels). This chart is playing out perfectly! We have a AXIS TARGET at 1993 and a EMA5 close above 1993 will also see 2026 open for TARGET.
We want our members to keep this in mind while we break the smaller time frames down for our weekly report on Sunday to prepare us for the coming week.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATEHey Everyone,
As you can see we have been following this chart and setup all week and once again we called it HITTING ALL TARGETS$$$!
We have entered a new range and had a retest close to 1961 but supported at MA21. Would be nice to see a full retest at 1961 to continue with the BULL run. Even if we see price tank below 1961 with any volatile events, as long as EMA5 is maintained above 1961 it will maintain our strong BULLISH setup.
TARGETS
1984, 1990
RETRACEMENT RANGE
1969, 1961
SWING RANGE
1952
We want to keep it safe, as we never like chasing the BULL run from the front and therefore we always take our positions from support Goldturns and bank 20 to 40 pips at a time using our GoldViewFX custom Intraday levels that we share with our members daily.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
EURUSD Trade OpportunityA long trade opportunity has just presented itself on the EURUSD chart with a bullish engulfing candlestick pattern slightly above the 1.08094 Daily Horizontal Support Level.
This signals a Rejection of the support level and hence a buy trade; a 5.9 Reward-to-Risk Ratio is possible with a stop at 1.07998 and a target at 1.09523.
This is just my idea and not a piece of trading advice.
Happy trading!
$NVO giving another entry opportunity before moving higher?* Good earnings
* Very strong up trend in the long term
* Broke out of a ~4month base and now retested it as support
* Sector: Healthcare - Drug Manufacturers - General
* Relative Strength vs. Sector: 8.35
* Relative Strength vs. SP500: 2.56
* U/D Ratio: 2.21
* Base Depth: 26.05%
* Distance from breakout buy point: 1.01%
* Volume 145.18% above its 15 day average.
Trade Idea:
* Given the amount of volume that came in around $116.55, it seems like there's quite a bit of demand for this stock around this price.
* You can look to enter now as the price is very close to the broken base
* The U/D ratio indicates that the stock's under accumulation
* If you're looking for a better entry you can look to enter around $115.16
GoldViewFX - Market UpdateHey Everyone
All TARGETS HIT !!! 1961, 1969 and 1976.
We have also broken 1961 with EMA5 and candle body close, which opens the upper range. We will look for some retracement down to the 1961 level to confirm the movement up.
We have updated the targets and swing range,
TARGETS - 1969, 1976 AND 1984
RETRACEMENT RANGE BETWEEN 1952 AND 1961 (IDEALLY 1961)
SWING RANGE 1944
Markets are volatile and although we have targets above we must expect swings and therefore taking positions from support levels and banking 20 to 40 pips at a time will protect us from swing traps. We will now wait for price to establish on this range with some retest to start directly targeting those levels. EMA5 break and close above 1969 will confirm the upper targets again. As always we will keep you all updated with regular updates on any changes to our plans throughout the day.
Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - UPDATED LEVELS & TARGETS$Hey Everyone,
Another PIPTASTIC day !!!! We called it again with all our TARGETS hit with the final target at 1969 HIT perfectly!!
Price rejected at 1969 and saw it tank down to 1940 GOLDTURN, which was also inline with MA50. This gave another opportunity for the push back up again. Our plans to buy dips and bank 20 to 40 pips at a time has once again allowed us to bank profits and avoid any swing traps.
We need to see EMA5 break 1961 level to confidently open the upper range target 1969, 1976, 1984. We have had 2 historical attempts at 1969, where momentum took the price higher but without a EMA5 cross we saw price tumble back down. We need to keep this in mind before trying to catch the full stretch of the BULL RUN and this will allow us to differentiate between a breakout and a fake out of the upper range.
TARGETS - 1961, 1976, 1984
RETRACEMENT RANGE -1940 - 1944
SWING RANGE - 1931
We remain Bullish but considering the volatile conditions we expect swings. We will continue with our plans to buy dips to manage these conditions. When we see the market conditions change we will change our strategy on buying dips with 20 to 40 pips, but right now this is the perfect setup for this market.
As always we will keep you all updated with any changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 2H CHART UPDATED LEVELS & TARGET$$Hey Everyone,
Updated Goldturn levels and TARGETS
TARGETS - 1950, 1960
RETRACEMENT RANGE - 1928 - 1934
SWING RANGE - 1891
We remain Bullish and will continue to buy from support levels banking 20 to 40 pips at a time. Retracement range in mind for entries and swing range in mind to manage RISK.
EMA5 break and CANDLE BODY CLOSE above 1960 will open the upper RANGE. Rejection here will see price back in the swing range. We also have candle body close above 1960 opening target at 1969 - This is not as strong as a EMA5 cross and lock confirmation but still a gap. Sometimes momentum doesn't allow us to catch an EMA5 cross and lock gap, in which case the candle body close gives us an early heads up.
As always we will keep you all posted with any changes to our plans, please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR