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Buyzone

May find support soonLooking at SOL vs BTC, we can see that price has broken down as expected (see linked ideas) and is currently looking for support. My initial thought is that it would likely test the 200 EMA, but price appears to be finding some support at these levels. If it can hold here, I would consider it very bullish and would expect a break above the smaller resistance line. ---------------------------------------------------------------- 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!
by mercury_rising
A Tale of Two WedgesBTC has been struggling under the weight of massive overhead resistance--from the recent Death Cross, from having broken a major trend support line, from Weekly bearish divergence, and so on. Retail investors are "extremely fearful" and calls of impending doom are everywhere--meanwhile, those in short positions are euphoric. All this is setting the stage for a potentially massive Short Squeeze. This isn't just a "feeling", there are plenty of indications in the chart that support a big bounce from these levels. We've had recent bullish divergence on the daily chart, volume is dwindling (suggesting sellers are exhausted), but what I'm really focused on is the Falling Wedge pattern we're in... I've drawn two Falling Wedges on the chart: one from the candle Wicks (Blue) and the other from the candle Closes (Orange). Both only strengthen my conviction that a bullish break will happen. The question is "When will it break?". The blue wedge suggests we break out above 40000. The orange wedge suggests we may go deeper into the 30,000-40,000 range. My personal bias is that we breakout before 40,000. Either way, this isn't a time to fear. ---------------------------------------------------------------- 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!
Long
by mercury_rising
3
$RHI to head higher after breaking out of a tight 3week range?* Great earnings * Very strong up trend * High 3-month relative strength of 1.41 in the Healthcare sector * High U/D volume ratio of 1.51 * Breaking out of a very tight 3 week consolidation of ~3.85% with higher than average volume * If you have access to Volume Profiles you can see that the $113.04 area has tonnes of volume. * We can expect the $113.04 area to serve as support moving forward. Trade Idea: * Looking at the weekly, this seems like a great time to enter as it's recovering from the pull back. * If you are looking for a better entry you can wait for an opportunity around the $113 area as that should serve as support moving forward.
NYSE:RHILong
by HaseebKhan_90
TER will it continue to the up side?* Exceptional earnings * Very strong up trend in the long term * Very high 3-month relative strength of 6.35 in the Tech sector * Pays out dividends * I last discussed this early December 2021 when it broke out of an 11 month base. * Since then it did move higher and due to recent market conditions it had a slight pull back. * Used $163.03 as support before breaking below. * Now it's breaking out of the pull back zone and showing signs of going higher. Trade Idea: * Given the market uncertainty you can wait to see how it behaves next week. * You can enter at today's close * Or if you're looking for a slightly better entry you can look for an opportunity near the $163.03 area. * If you have access to Volume Profiles you can see that the $163 area did receive quite a bit of volume so I would expect it to serve as support moving forward.
NASDAQ:TERLong
by HaseebKhan_90
2
$CMC breaking out of a ~7 month base!* Great earnings * Strong up trend in the long term * High 3-month relative strength of 1.08 in the Basic Materials sector * Pays out dividends * Breaking out of a ~7 month base with higher than average volume * Broke out earlier but due to current market conditions it did have a slight pull back and now is breaking out once again. * It did, in the recent months, break out of a multi-year base Trade Idea: * You can look to enter at today's closing price. * If you want a better entry you can look for an opportunity around the $36.33 area
NYSE:CMCLong
by HaseebKhan_90
3
WY breaking out of an 8 month base!* Great earnings * Very strong up trend in the long term * High 3-month relative strength of 1.12 in the Real Estate sector * Pays out dividends * Breaking out of a ~8 month cup formation with a depth of ~25.94% * Attempted to break out a couple of weeks ago but due to current market conditions it had a slight pull back and now is breaking out once again. * Maximum probable ROI is ~25.94% Trade Idea: * You can enter now at today's close if you want to stay in the market. * Due to uncertain conditions it's better to enter with a small position if not in cash. * If you're looking for a better entry, you can look for an opportunity around the $40.54 area.
NYSE:WYLong
by HaseebKhan_90
2
KLAC ready to make new all time highs?* Exceptional earnings quarter over quarter * Incredibly strong up trend over the long term * High 3-month relative strength of 2.87 in the Tech sector * Pays out dividends * Breaking out of a base on base pattern * First base lasted ~8 months before breaking out * Second base formed immediately after the breakout and has been forming for the past ~9 weeks * Current week is also forming a bullish engulfing candle * It did try and break out of the second base earlier but due to current market conditions it had a slight pull back. * Now it's breaking out for the second time with higher than average volume. Trade Idea: * You can enter now at today's close as a starter position if you want to stay in the market and set a closer target.
NASDAQ:KLACLong
by HaseebKhan_90
LITE breaking out of a tight range with higher than average volu* Excellent earnings * Strong up trend in the long term * High 3-month relative strength of 2.61 in the Tech sector * High 50 day U/D ratio of 2.11 * Breaking out of a 3.31% range * During the consolidation the volume did dry up and as it started breaking out the volume picked up. Trade Idea: * You can enter now as the price is just breaking out of the tight range * If you're looking for a better entry you may wait for an entry opportunity near the $105.61 area
NASDAQ:LITELong
by HaseebKhan_90
1
QCOM offering a Pocket Pivot entry in a base on base setup!* Excellent earnings * Very strong up trend * High 3-month relative strength of 4.43 in the Tech sector * Broke out of a 1 year base with tonnes of volume on earnings * Started to consolidate after the breakout in a tight 7-8 week range * Has a U/D ratio of 2.11, indicating that it's under accumulation Trade Idea: * You can enter on the closing price today as a pocket pivot signal. * If you're looking for a better entry you can wait for an opportunity near the $183.04 area * You can look to add to the position if the price makes a daily close above $191.30 Caution: * This is a pocket pivot signal and though there's little to no overhead resistance, the stock may not break out of the range immediately.
NASDAQ:QCOMLong
by HaseebKhan_90
ETH looking good hereETH has continued it's retrace back towards both the major support line and the 200 EMA as we discussed in the linked ideas. We are now partially in my Buy Zone and seller momentum is slowing. I'm interested in a small long here, and will add if it drops. Good Luck. ---------------------------------------------------------------- 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!
Long
by mercury_rising
ADM looking to head higher?* Good earnings in the recent quarters * Good general up trend in the long term * High 3-month relative strength of 1.04 in the Consumer Defensive sector * Breaking out of a 7 month base with higher than average volume * Has a U/D ratio of 1.24 meaning it's under accumulation. Trade Idea: * Due to the market conditions I'd suggest you wait for a better entry around $68.51 if you do consider it. * If you're willing to bare the volatility at the cost of getting into the stock, now's a great time to enter as the price is just breaking out and is only 2.07% away from the broken level.
NYSE:ADMLong
by HaseebKhan_90
HPQ breaking out of a 10 month base cup and handle pattern!* Excellent earnings year over year * Strong up trend * High 3-month relative strength of 2.29 in the Tech sector * Breaking out of a ~10 month base * Clean break with higher than average volume * Currently 2.83% above the broken level * Maximum probable ROI 44.94% Trade Idea: * You can enter now if you don't mind a little volatility and want to catch the bigger move. * However, if you are looking for a better entry you can look for an opportunity around the $38.12 area.
NYSE:HPQLong
by HaseebKhan_90
5
CTVA breaking out of an 8 month cup and handle?* Exceptional earnings * Very strong up trend * High 3-month relative strength of 1.24 in the Basic Materials sector * Pays out dividends and two quarters back it increased its dividends * Breaking out of a cup and handle pattern * Also offering a pocket pivot entry * Base of the cup is ~8 months long and ~17.6% deep * The stock is relatively new and this is it's 2nd stage base Trade Idea: * You can enter now as it's just breaking out of the handle and is offering a great risk/reward ratio
NYSE:CTVALong
by HaseebKhan_90
CB looking to reach new highs?* Exceptional earnings * Very strong up trend * High 3-month relative strength of 2.43 in the Finance sector * Pays out quarterly dividends * Breaking out of a ~5 month base Trade Idea: * You can enter now as the price is just breaking out of the base. * Today's price action printed a bullish pin bar which indicates that there's tonnes of demand around the $196.43 area. * Offering a great risk to reward ratio * Given the current market conditions you may want to wait or trade a smaller size Caution: * A daily close below the $193.12 area would put this idea in danger.
NYSE:CBLong
by HaseebKhan_90
CDW breaking out of a 5 month base with volume!* Perfect earnings * Very strong up trend since inception * High 3-month relative strength of 1.65 in the Tech sector * Pays out quarterly dividends and just last quarter it increased its dividends! * Broke out of a ~5 month base with volume * Broke out late December and has been consolidating since then right above the breakout point * Even with the uncertain market conditions it's managing to stay above the broken base. Trade Idea: * You can enter at today's closing price if you don't mind a little volatility. * If you're looking for the perfect entry, you may wait for the price to turn a bit lower and enter near the $203.30 area * Due to current market conditions it's better to wait and see what may happen. * If you're a bit more conservative you may wait for a break above this current range and look for an entry near $207.72 Caution: * A daily close below $198.14 would negate the idea.
NASDAQ:CDWLong
by HaseebKhan_90
OHI (Tentative Buy)Omega Healthcare Investors, Inc. engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities. Its portfolio consists of long-term leases and mortgage agreements. The company was founded on March 31, 1992 and is headquartered in Hunt Valley, MD. OHI has been in a selling trend for the last two quarters of 2021, and appears to be heading toward a price breakout of the current resistance. Why? 3 Potential Indicators: 1) A bullish wedge is forming on the long-term daily chart. 2) RSI has crossed 50, is moving toward the upside 3) Candles in the last few days are trading above the Bollinger Bands, signaling price breakout to higher high and higher low in the coming weeks. Entrance Strategy: When price breaks a current resistance level. Exit Strategy: Take profits at new ATH or after 10% increase.
NYSE:OHILong
by lydiascherr777
ADP looking to head higher prior to earnings?Note: I last mentioned this around late October 2021. Since then it's gone up and consolidated while the rest of the market was turning down. This shows institutional support technically and it's also doing really well fundamentally. * Amazing earnings quarter over quarter * Incredibly strong long term up trend * High 3-month relative strength of 2.64 in the Industrial sector * Broke out of a roughly month long base last week * Came back down to a buying range and now increasing in volume again Trade idea: * Right now's a good time to enter as it's using it's 10 EMA as support. * It's 2.1% above the broken resistance which is still very close * Offering a great risk to reward ratio * If you're looking for a better entry, you can look for an opportunity near the $240.11 area Caution: * A break below $236.13 would negate this idea.
NASDAQ:ADPLong
by HaseebKhan_90
SCHW looking to reach new highs?* Great earnings * Strong up trend * High 3-month relative strength of 3.72 in the Financial sector * Breaking out of a base on base pattern with higher than average volume * Broke out a few days ago but due to the market conditions it had a slight pull back to the breakout point Trade Idea: * If you don't mind a little volatility and want to catch the bigger move, you can enter now as indicated. * The price is only 1.73% away from the broken level * However, if you're looking for a better entry, you can look for one around the $84.30 area as that should serve as support moving forward.
NYSE:SCHWLong
by HaseebKhan_90
Bullish, but waiting for a buy zoneBNB is in an Ascending Triangle (bullish) with USDT. In addition, there is a curved rising support that suggests buying pressure is increasing at the same time that sellers are exhausted. Having said that, there is a chance that sellers break the curved support--and price could fall back to the Trend Support line. With that uncertainty, I'm looking for confirmation (bullish divergence on the 4-hr chart) before I enter. ------------------------------------------------------------ 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!
Long
by mercury_rising
6
Entering Buy ZoneETH is retesting support of the previously broken resistance line, as well as support at the 200 EMA. Selling momentum is exhausted and ETH is entering what I consider my Buy Zone. Bullish divergence on the 4hr chart leads me to think we will get a soft bounce, but we'll quickly see resistance from the 100 EMA and the support-turned-resistance line. I'm interested in averaging in here, but not quite ready to go in with a heavy position. Let's have an amazing 2022! ------------------------------------------------------- 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!
Long
by mercury_rising