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Buyzone

SPX500: When is the right time to buy?SPX will soon touch the buy zone near 3500-3700. Marked by green rectangle in the chart, this is very crucial zone for the following reasons: 1. This zone is supported by long-term, uptrend channel. 2. It is also supported by short-term, downtrend channel. 3. Market has already recovered from this zone once. Here are also fundamental reasons to believe why this is an important zone. 1. US Inflation, which peaked at 9.1% in Jun-22, is now reversing. It dropped to 7.1% on Nov-22 and is expected to continue downtrend. However, caution is advised that the figure of 7.1% is still alarming. 2. Oil is witnessing a downtrend. It is almost halfway ($75 a barrel) from the peak of $130 a barrel. I don't see the market flying high from the buy point, but profit is possible for swing traders and accumulation for investors.
SP:SPXLong
by starringinvestors
[NEW UPDATE] EURUSD SELL Postion Quick update on last weeks SELL trade that triggered the position is running smoothly I have closed 50% of the position and moved STOP to entry price. I will now let this run to the first target are of 1.01 or below you can also see a freshly created daily DEMAND/BUY zone here which was created when we had the breakout of the bottoming accumlation period that has just occured this area could well draw bullish attention. So you can be on the lookout for buying clues around this level please take a look at my related posts to learn why this trade was placed
Short
by TheFxAce
5
TOP US-Stocks: Buy-Signal ADPThe stock just broke through a perfect buy point and triggered a buy-signal. The stop loss level and profit target are shown in the graphic. All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology AND are in the process of developing a Perfect Buy Point and a low-risk entry, following a volatility contraction pattern. The stock just broke through a perfect buy point and triggered a buy-signal. The stop loss level and profit target are shown in the graphic. 🍾🍾 We trade like the Champions 🍾🍾 Are you struggling with your trading strategy? Follow me to get free, real-time trading signals which are all based on Mark Minervini's success-proven strategy.
NASDAQ:ADPLong
by JS_TechTrading
Thinking About Buying/Selling GBPUSD ? This will help you :)You will see by reading my previous posts this pair has been moving exactly as expected since hitting the lows @ 1.04 it's been correcting at the predicted levels like clockwork picture perfect lol What's next you ask ? As wrote in previous posts the SUPPLY/SELL zone at 1.21-122 is a target we got a small reaction at the 1.20 previous support/low I expect the market to pop back up towards the 1.21 area so I will be looking for my indicator to give a SELL signal on a time frame from 4hr-daily ass price goes above 1.20. The first easy target will be the 1.16 previous swing high in current up leg we also have a newly created weekly DEMAND/BUY zone around 1.15 so this will be target area. You will also be looking to buy back into the up leg at this level too. Let's see how we go read my related posts on this pair
Short
by TheFxAce
5
US Stocks in the Spotlight: NOGNorthern Oil & Gas (NOG)broke out of a solid volatility contraction pattern on Nov 10th. A perfect buy point was established at the threshold of 36.3. Volume surged when shares broke out in September and have held above their 50-day line, despite high volatility since that time. The stock is on its way into new all time highs and still in a buy zone. NOG is the U.S.'s largest publicly traded non-operated oil and gas exploration and production company. It holds stakes in established oilfields in the Permian Basin in Texas and New Mexico, Williston in the Dakotas and Montana, and Marcellus in Pennsylvania. The Minneapolis-based investor typically buys stakes in oilfields and partners with seasoned operators.
NYSE:NOGLong
by JS_TechTrading
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