Buyzone
$APRNBlue Apron Holdings, Inc. operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals. It serves young couples, families, singles, and empty nesters. The company offers its services through order selections on Website or mobile application primarily in the United States. Blue Apron Holdings, Inc. was founded in 2012 and is headquartered in New York, New York.
Dark Pool Buy Zones™Some traders try to watch Level 2 data to discern when the large-lot orders come through to get an idea of when the big institutions are accumulating in the Dark Pools, but you really don’t need that. Plus, whether that’s accurate is questionable since Dark Pool transactions are reported way after they were transacted.
“Dark Pool buy zones” is a term I coined because Dark Pools use precise controlled orders that trigger automatically over extended periods of time. Since the Buy Side Institutions using the Dark Pools are primarily buying for the long term, price can sometimes drop down before moving up, creating a range in the price action, what I call “the buy zone.”
When you learn to recognize the Dark Pool Candlestick and Indicator Patterns, you can be ready for the bottom to develop and look for Dark Pool accumulation patterns to plan your trading.
Below is an example. Ford is still falling, but the Dark Pool buy zone support is close. I’ll be waiting to see how the bottom develops around that level before making my decision to trade.
Happy TechniTrading!
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$ADM offering a pull-back recovery entry?Notes:
* Great earnings record in the past 2 years
* Very strong up trend in all time frames
* Offering a potential pull-back recovery entry
* Recovering with well above average volume
Technicals:
* Sector: Consumer Defensive - Farm Products
* Relative Strength vs. Sector: 4.42
* Relative Strength vs. SP500: 8.38
* U/D Ratio: 1.62
* Base Depth: 14.79%
* Distance from breakout buy point: 0.45%
* Volume 73.23% above its 15 day average.
Trade Idea:
* You can enter now as the price is recovering from the pull-back with higher than average volume.
* If you're looking for a better entry you can look for an opportunity around $93.5
* Or even $92.1 given the current market conditions
* Manage risk accordingly
$CHD breaking out of a ~4month cup and handle!Notes:
* Excellent earnings record
* Very strong up trend in the long term
* Breaking out of a ~4 month base
* Formed a larger cup with high handle on the monthly time frame
* Broke out with higher than average volume before earnings
Technicals:
* Sector: Consumer Defensive - Household & Personal Products
* Relative Strength vs. Sector: 1.3
* Relative Strength vs. SP500: 2.47
* U/D Ratio: 1.3
* Base Depth: 9.52%
* Distance from breakout buy point: 0.05%
* Volume 61.09% above its 15 day average.
Trade Idea:
* You can enter now as the price is extremely close to the breakout level
* If you're looking for a better entry you can look for an opportunity around $103.37
* Or due to the current market conditions $103 is also possible
* Manage risk accordingly
DeGRAM | EURUSD buy opportunity from major Demand ZoneEURUSD is currently in demand zone. Price is testing major support, which has formed 2 years ago. We might see buy pressure from 1.06200 - 1.0600 levels.
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JSMR will shine during Eid holidays 2022. Buy now !!positive sentiment supported the movement of JSMR shares during the Eid holiday season. Based on the news and also from a technical perspective, JSMR shares are also in an uptrend phase with a bullish candle supported by an increasing volume along with an increase in the oscillator and MACD indicators
$CINT is building a base you can't ignore and here's why!* Was building out a cup an handle pattern
* Was due to break above $19 but due to the current market conditions it pulled back
* Since then $CINT has been in a range that's getting tighter and tighter
* Currently it's forming a pennant pattern
* The price has to break out of this pennant by May 11th, 2022 either to the up side or to the down side
* Just yesterday it printed a pocket pivot which is a sign of institutional accumulation
* Now's a great time to start accumulating as the consolidation's getting tighter
* You can manage risk just under the base of the pennant or around the $14.82 area
* Currently showing tonnes of strength and a high UD Ratio of 1.95 tells that it's being accumulated right now.
Outlook:
* Start accumulating
* If it breaks out of the pennant wait for a clean close above $19 to add more to your initial position
* Cut losses quickly as this can go south pretty fast should it break below the pennant.
Technicals:
* Sector: Technology - Software - Infrastructure
* Relative Strength vs. Sector: 3.54
* Relative Strength vs. SP500: 9.35
* U/D Ratio: 1.95
* Base Depth: 105.1%
* Distance from breakout buy point: -21.2%
* Volume 179.83% above its 15 day avg.
$DOW breaking out of a ~13 month base. Can it go higher?Notes/Thoughts:
* Great earnings record
* Strong up trend
* Breaking out of a ~13 month base with higher than average volume
* Recently used historical highs of $65.56 as support
* Last bullish hammer indicating tonnes of demand below $67.49
* Extremely close to the broken resistance of $67.49 offering a great risk/reward
Technicals:
* Sector: Basic Materials - Chemicals
* Relative Strength vs. Sector: 9.19
* Relative Strength vs. SP500: 8.08
* U/D Ratio: 1.2
* Base Depth: 29.46%
* Distance from breakout buy point: 0.86%
* Volume 46.06% above its 15 day average.
Trade Idea:
* You can enter now as the price is really close to the broken base resistance
* Manage risk accordingly
* If you're looking for a slightly better entry you may wait for the price to pull back to $67.49
* Due to the nature of this choppy market I've reduced my stop and targets accordingly.
$WLK ready to head higher?Notes/Thoughts:
* Strong earnings in the recent quarters
* Strong up trend in the longer time frames
* Broke out of its base and started to move higher but due to recent market conditions it pulled back and is now showing signs of continuation
* Close to the pullback recovery area of $127.11
* Recently tested historical all-time-highs of $114.47 as support
Technicals:
* Sector: Basic Materials - Specialty Chemicals
* Relative Strength vs. Sector: 13.47
* Relative Strength vs. SP500: 11.83
* U/D Ratio: 1.45
* Base Depth: 12.05%
* Distance from breakout buy point: 0.75%
* Volume 19.05% above its 15 day average.
Trade Idea:
* You can enter now as the price is still close to the pull back recovery buy area
* Manage risk accordingly
* Due to the current choppy market conditions I've tightened my stop to 4% and reduced my target to 6%.
BTC, The KEY to unlock the FUTURE is hidden in the PAST !We can never predict the future without looking to the past !
Many analysts and traders are involved these days in latest short or mid term trend lines or small scale channels. They may use some other tools like Ichimoku clouds or pitchfork for opening a long or short position however, non of them can give us an insight to what is happening in BTC these days. In fact, we can never solve the problem looking to recent chart . We have to analyze the past to unlock the future.
What has been going on BTC between Dec 2017 and Mar 2020 is our important key ! how? Lets go through the analysis and find answers:
I have shown two possible wave counts for BTC on weekly chart . Both have their supporters these days. Which one is correct? We are in the world of possibilities not certainties. I myself, have my own idea about this and devoted my last publication (see related idea for details) to this subject and also I have my own reasons for that which is beyond the scope of this publication. Here, we are going to discuss these two possibilities.
Left side chart:
In this chart, BITCOIN has completed an impulsive section of a wave cycle and now is in the major correction! This analysis takes all time between Dec 2017 and Mar 2020 as a double failure flat correction . In this case, BTC may fall to 26357 or even 14765 to complete the major correction. A great chance for long term investment is waiting for smart investors at the proposed supports.
Right side chart :
In this one, some may take price moves between Dec 2017 and Dec 2018 as circled wave 2 (Primary degree), the up going move form Dec 2018 to June 2019 as smaller degree wave 1 (intermediate degree ) and finally decline form June 2019 high to Mar 2020 low as smaller degree wave 2 (Intermediate degree). In this scenario, supporters are waiting for another profitable up going wave (which is primary degree wave 5) to complete the cycle degree 5 leg up going impulsive wave.
Whats are implications ? :
It is obvious that each scenario calls for a specific actions for traders and investors. Following are implications :
Left side chart with flat correction :
First : There will be a great chance for long term investors at the end of correction at proposed supports.
Second : There may be a considerable decline from current price down to next Fibonacci levels shown on the chart.
Third: As it is correcting about 10 years impulsive wave , correction duration may be much higher than just 6 months !
Righ side chart with smaller degree wave 2 :
First : Maximum correction will be at 28283 USD corresponding to 0.618 Retracement of intermediate degree wave 3. Based on Classic Elliott , this is the last acceptable level for a wave 4 correction and it most probably will be a shadow in daily time frame touching this price. This also respects one of important Elliott wave guidelines which says larger degree wave 4s terminate at territory of smaller degree wave 4s and usually at their bottoms.
Second : Correction may be completed at 32933 corresponding to 0.5 Retracement of intermediate degree wave 3 . This level is also in territory of smaller degree wave 4.
Third: There will be a huge decline after making a new ATH which suggest a great sell opportunity .
Fourth : This is not a long term investment chance.
Is there any practical similarity between two scenarios? Yes. They both suggest 26000 - 28000 USD as strong buy zone.
My final point :
Please note both chart just show ascending complete cycles . We have some other types of cycles with descending Anti-cycle as the most dangerous one. It means BTC chart can take some other unusual forms which we skip them for now.
I will update my analysis if necessary in appropriate time.
Thanks for the following and good luck.
$STER breaking out of its IPO base with cup and handle!* Great earnings so far
* Breaking out of its IPO base with a cup and handle pattern
* Sector: Technology - Software - Infrastructure
* Relative Strength vs. Sector: 10.83
* Relative Strength vs. SP500: 406.08
* U/D Ratio: 1.68
* Base Depth: 48.82%
* Distance from breakout buy point: 1.81%
* Volume 39.73% above its 15 day average.
Trade Idea:
* Playing the break of the handle
* You can enter now as the price is still close to the broken base
* Or if you're looking for a better entry you can look for an opportunity around $27.24.
* Manage risk according to your entry and tolerance
$VIST ready to push higher?Notes/Thoughts:
* Strong up trend in the recent years
* Okay earnings with growth expectation
* Closed just above resistance of $9.07
* During the consolidation from March 23, 2022 the volume was decreasing; now it's increasing and back above the average
* A high Relative Strength along with the high UD Ratio shows this may be ready to move higher.
Technicals:
* Sector: Energy - Oil & Gas E&P
* Relative Strength vs. Sector: 1.79
* Relative Strength vs. SP500: 11.04
* U/D Ratio: 1.68
* Base Depth: 21.26%
* Distance from breakout buy point: 0.11%
* Volume 6.71% above its 15 day average.
Trade Idea:
* You can enter now as the price is just above the broken resistance
* The entry now is providing a good risk/reward ratio
* Manage risk according to your tolerance
$REXR breaking out of a cup and handle with Pocket Pivot!Notes:
* Excellent earnings
* Very strong up trend in the long term
* Breaking out of a ~4 month cup and handle
* Printed a pocket pivot
* Good earnings report
Technicals:
* Sector: Real Estate - REIT - Industrial
* Relative Strength vs. Sector: 1.69
* Relative Strength vs. SP500: 5.56
* U/D Ratio: 1.15
* Base Depth: 19.23%
* Distance from breakout buy point: -2.13%
* Volume 28.87% above its 15 day avg.
Trade Idea:
* You can entry now and play the pocket pivot
* Or you can look for an entry around $78.7 area for a better risk/reward ratio
* Manage risk accordingly
$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
$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
Uber Turning the Corner?UBER looking good here. Down 46% off ATH in early 2021. Uber has seen a slow bleed over the last year, as opposed to the more dramatic, precipitous fall of many other stocks. Price appears to be finding support at a historically active Demand Zone. Support appears to be building on the Daily chart. I'm interested at these prices but I'm expecting some more sideways chop before UBER can break resistance.
-Mercury
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
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Close but not quite readyPaypal is down 65% from its ATH last July. It's now flirting with a supply zone that stretches back to 2017. While I'm seeing Bullish Divergence here, I'm also seeing a downward sloping trendline that makes me think we might see one more sharp move down (into the supply zone) before establishing a bottom. If you're a long-term investor, this could be a great place to start building (or adding to) your position.
-Mercury
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following . Thanks!
RIVN: Deep Value PlayOkay, this one is a bit different than my normal charts. Rivian Automotive only started trading late November of last year so there's not enough historical data to draw from to give a complete picture. However, RIVN is a high-profile startup in a hot industry with motivated billionaires backing it. It wants to be TSLA, but you wouldn't know it based on the 50% price discount from its IPO. Despite it's gloomy performance--or perhaps *because* of it--it's actually looking like an attractive buy at these prices. It appears to be in my buy zone, and there's bullish divergence, but there's not enough data to show me where the momentum/pressure is. I think this is a great value play for a long-term investor.
Good Luck
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following . Thanks!