CMG signaled near it's high......but it's a little pricey. Not for everyone. Target price is $1,350.35
technicals are looking decent here imo. Let's see what happens here.
I do love this ticker
NYSE:CMG
Candlestick analysis
COST is signaling at $346 + earnings soonHow should I play this one? I plan to buy an option spread. Spreads can lessen your risk exposure, and give you an opportunity to make money on both ends. If there is any significant dip before/after earnings, I'll buy my "call sell" back and ride my call up. If it hits the target beforehand then we are golden. Will be buying in tomorrow.
$COST
NASDAQ:COST
ILMN- Leader in gene sequencingILMN is short-term to mid-term bearish, long term- bullish. Relief bounce is overdue as the selling pressure seems to be overheating and could soon be exhausted.
ILMN is still a leader in gene sequencing with roughly 70% market share, but its short-term prospect is damaged by waning consumer interest and tariff.
Looking for daily close above 275 and weekly close above 300.
Potential short play once the price reverses up to the supply zone.
NZDUSD - Bearish Bat checkbackThe bearish engulfing candle gives a strong indication of a bearish run on this trade. I'm waiting for a retest back to 0.6777 to engage the trade on the 1-hourly timeframe as a counter-trend trade.
EURUSD - Counter-TrendCounter-Trend Trading Opportunity on EURUSD Daily chart, so why do I short it? Well on the 1-hourly chart there is a candle confirmation and on the daily chart the uptrend movement kind of look weak to me. Looking at candle close this probably be it and I expect at least some form of retracement happening within the next few days.
Trade has already engaged as the AB=CD movement seems has completed and halted.
GBPJPY - Resistance and Supply ZoneLooking for shorting opportunity within the sell zone will be preferred. Engagement of this trade is based on the long term chart analysis, the daily timeframe.
Whether this trade will be an aggressive engagement depends on how this 1-hourly candle close.
EURUSD - Head and ShouldersA potential head and shoulders setup with RSI Divergence is a valid setup for me to engage the trade. It has a great Reward: Risk(RRR), sell limit has been placed.
USDJPY - Support and ResistanceA classic way of trading Support&Resistance is enhanced by the 3-bar reversal. I will set a sell limit order to capture the movement of this trade.
AUDCAD - Bearish SharkBearish Shark Pattern forms on the 4-hourly chart sell zone, waiting for a shorting opportunity to engaged the trade.
Pending order has been placed and let's see if it will checkback and move towards our target level.
NZDUSD - Bearish Deep CrabCompared to his siblings, NZDJPY, NZDUSD has a better setup. Both having bearish bat pattern o the daily chart, both having bearish engulfing with a pink arrow on the 1-hourly chart but only NZDUSD has a bearish deep crab setup. Pending Order place for his trade and let's see how this trade turns out.
GBPUSD - Bearish Shark Trend TradingBased on the higher timeframe, this is a trend trading trade. The shark pattern has confirmed and I will be placing the pending order. I might extend the second target.
EURUSD - Crab Pattern CheckbackA crab pattern check-back is a great consideration to short. Target1 will be the level that I'll watch closely and decide if I'm going to intervene in the trade.
Don't trade alone and suffer in silence, chat with me. Check out the link at my signature.
CADJPY - Bearish SharkA bearish shark pattern completes within the sell zone, right now I'm waiting for candle confirmation before placing in the pending order to engage the trade. This is important because of the recent strong bullish movement that was circled in yellow.
Traders stay calm, even you have waited for a trading setup for weeks, you shouldn't rush into it just because it shows up.
AUDUSD - Bearish Gartley PatternA Bearish Gartley Pattern setup for a shorting opportunity, a bearish engulfing candle or both oscillators have to be in the overbought position and hook down before I'll engage the trade.
In normal cases, I won't be even looking at this setup, but as some of you may know I'm very sceptical on Australia Dollar and see that a strong bearish move is lurking in the shadow waiting to happen.
With all crashes, I expect an extreme bullish move to happen before it does and the bullish movement might have ended. If not this setup it will be after the next bull run.
NZDUSD - Bearish SharkA bearish shark trading opportunity has setup, I would need to have a bearish candle and a retracement before consider to engage this counter-trend trading opportunity.
EURUSD - Bearish Shark check-backA bearish Shark Pattern check back for a shorting opportunity, I've placed the pending order to short the market and will have extended target sent to my community.
Check out the link in my bio or at my signature, and join our vibrant community chat.
GBPJPY - Type2 Bearish ButterflyWaiting for a type2 bearish butterfly shorting opportunity on this pair. On the 4-hourly timeframe, this is still a trend trading setup. Whether to engage this trade will depend on how the current candle close.
Actual target will be sent to our community, check out the link at the signature.
AUDCAD - Bearish Deep Gartley PatternA Bearish Deep Gartley pattern setup at X. While not many harmonic patterns traders trade this kind of setup, it's kinda perfect for me because
i) I've tested it extensively on the pairs I'm trading
ii) It provides an amazing Reward:Risk.
Pending Order has been set up on this trading setup, let's see how this trade roll out.
EURJPY - Bullish SharkI'm waiting for a check back of this bullish shark pattern setup and looking to long at 125.43. If the market can't break and close above 125.97 then I might intervene in the trade and exit the trade before it hits the 1st target.
USDJPY-Weekly Market Analysis-Sep20,Wk3Another trend reversal trading opportunity, waiting for a retest on the 5-0 pattern for a buying opportunity.
NZDUSD - Bearish GartleyA counter-trend trading opportunity for Bearish Gartley Pattern Traders has just shown up. The market has also broken and close below the trendline and got rejected on the resistance line
I've shorted the market and waiting for the trade to roll over to my target.
