Chart patterns
AUDCAD - ShortPotential for further downside as price rejects at previous support (0.9540).
if bearish momentum continues, the price could head down to the previous resistance zone on the daily time frame (around 0.9400).
The Canadian dollar has shown good strength recently which we help create bearish momentum on this pair
Should you buy Netflix stock? With its huge subscriber miss in the first quarter and weak guidance for subscriber growth, the weaknesses in its business model are undeniable. As a growing number of competitors take market share at a rapid rate, it’s clear that Netflix cannot generate anywhere close to the profits implied by the current stock price. Netflix reported just under 4 million new subscribers in the first quarter, well below its previous guidance of 6 million and consensus expectations of 6.3 million.
GBPUSD Watching for High Base set upWatching for a potential High Base setup on GBPUSD
I trade with trends, longer term & breakouts so not looking for short positions currently on this pair. Looking for a long entry on breakout of consolidation. If price breaks to the downside will eye up potential long entry nearer the 200 EMA.
Charting Works! OXTUSD Target .85 CentsI know, I know. I haven't always gotten it right. But, by and large, my understanding of technical analysis has helped me to net gobs of profit. Here's an example of my most recent trading activity on OXTUSD (which I still believe will hit $1.25+ before this year is over).
Notice how my first trade noted on the chart was a stop out. Always, always, always put your stops in kids. This is both a smart and humble approach to trading. It is like saying, "In case I am wrong, I will sell here". And then the machines automagically do the work for you. This was what happened to me the first time. The rest you can see on the chart.
A nice cup and handle has now formed on this chart. My bet is that we move to .85 cents area rather quickly. I am guessing before next weekend.
Don't be greedy. Take those profits along the way. And always put your stops in!
Happy trading friends.
$SRNE PT 17 and higher Sorrento Therapeutics, Inc., a clinical stage and commercial biopharmaceutical company, develops therapies for cancer, autoimmune, inflammatory, viral, and neurodegenerative diseases. It operates through two segments, Sorrento Therapeutics and Scilex. The company provides cancer therapeutics by leveraging its proprietary G-MAB antibody library and targeted delivery modalities, which include chimeric antigen receptor T-cell therapy (CAR-T), dimeric antigen receptor T-cell therapy, and antibody drug conjugates, as well as bispecific antibody approaches; and Sofusa, a drug delivery technology that delivers biologics directly into the lymphatic system. Its clinical programs in development include anti-CD38 CAR-T therapy for the treatment of multiple myeloma, as well as for amyloidosis and graft versus host diseases. The company also develops resiniferatoxin, a non-opioid-based TRPV1 agonist neurotoxin for late stage cancer and osteoarthritis knee pain treatment; and ZTlido, a lidocaine delivery system for the treatment of postherpetic neuralgia. In addition, it engages in the development of SEMDEXA, an injectable viscous gel formulation, which is Phase III trial for the treatment of sciatica, a pathology of low back pain; and SP-103, an investigational non-aqueous lidocaine topical system undergoing clinical development in chronic low back pain conditions. Additionally, the company has various collaborations with SmartPharm Therapeutics Inc. to develop gene-encoded antibody vaccine to protect against COVID-19; Celularity, Inc. for initiating Phase I/II clinical study, including up to 86 patients with COVID-19; and Mount Sinai Health System to develop COVI-SHIELD, an antibody therapy targeting SARS-CoV-2 infection. Sorrento Therapeutics, Inc. was founded in 2006 and is based in San Diego, California.
EURUSD > Bullish Cypher Pattern!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis up on #EURUSD
Hello friends.
A valid Cypher near entry point right now, however, i am waiting for a better entry near 1.200
Safe trading everyone
Check today analysis below⠀
>> "In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” - Peter Lynch"
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
USDCAD > You to Know This Information!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis up on #USDCAD
Hello friends.
the correlation between USDCAD and Oil, this correlation could as high as 90% correlated as there are some instances where both markets could go up together and down together but it is rare.
As you can see on the chart ever the old strong and bullish you stand no chance of buying USDCAD, many traders do not understand this, even if the dollar is strong you can not buy it against the CAD, and by the way, even if the economic numbers of the Candian economy is weak, it does not matter as long as the Oil prices keep going up, relatively speaking.
Look at the chart I highlighted for you a couple of areas to show how these markets move against each other, and since I expect the OIL market to continue going up to test $70 and maybe 80$, why not. the USD will continue to move down toward 1.2200 - 1.2150.
Even on other pairs like EURCAD, GBPCAD, etc, the Candian Dolar is destroying them all, so be careful.
So maybe it is better to keep looking to sell USDCAD or buys on USOIL.
Safe trading everyone
Check today analysis below⠀
>> "In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” - Peter Lynch"
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
GOLD I hope everyone has a blessed week. I am ready for this week. I have been watching Gold and also Apple.
A weird combo but I have started to learn how they move so it works for me, lol. The weekend (sat/Sun) indicator helps so much.
I use this to see whether the analysis will be bullish or bearish starting the week off.
Remember that patience pays. You got this!
$USDJPY - Testing a major support/resistance zoneHi guys! 👋🏻
🔔 The growing number of new Covid-19 infections redound to new public restrictions and State of Emergency declarations in Tokyo, Kyoto, Osaka and Hyogo. There are protest in Japan against the Olympics. Interest rate is still -0.10%
🔔 Japan has the lowest vaccine distribution compared to other countries, thus the rate is 1.6% only compared to the 49.7% in the UK and 41.8% in the US.
🔔 The support of $107.7 is very strong, as you can see on the chart, hence, I believe, we are in the cycle of the uptrend continuation.
🔔 There is a strong resistance at $108.45, to continue upwards, USD/JPY has to close above this level. FOMC statements and key notes will be decisive tomorrow.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
DASH on the way to $479 as it breaks my parabolic indicatorsSo as per previous analysis, DASH played out how I explained. DASH retested the long term trendline and then on the daily chart the RSI crossed over the red horizontal line causing DASH to become parabolic.
Here is what I mentioned in last analysis 'On the daily chart of LMACD shown below I know when it breaks above the red horizontal line, Dash goes parabolic in price. Dash needs to break this line on the daily chart to confirm the upward move.'
If you monitored my charts you would of picked this up and made the move to buy in after the RSI crossed this red line.
What I can see on this weekly log chart is on the RSI you can see the lime green trendline for the previous bull run on DASH and also for the current one. DASH needs to stay above this line to keep bullish momentum.
On the LMACD you can see on the weekly chart that once DASH goes above the yellow horizontal line it goes on it's bull run as shown where the red down arrow is on the previous bull run in 2017.
DASH has just bounced off the EMA 233 which is the dark blue line on the chart. DASH is above the Ichimoku Cloud.
On this daily chart below we need to be wary of when the LMACD hits the yellow line on the daily chart as we could see a retrace before the next pump upwards to our target @ $479 where the 4.236 Fibonacci retracement indicator is shown on the chart.
Happy trading legends!
HTBB
Take a look at my other charts and analysis below to see my unbelievable correct analysis record. If this kind of analysis interests you and you want more than just 1 or 2 correct chart analyses every month or so, check out my website and become a member.
Watch the AAPL Open for further upsideDrill down to a lower timeframe pre market and have a look at AAPL. Earnings report has brought some nice volume/volatility into it.
Watch for a breakout of the trendline but I'd rather wait until the open for confirmation.
Stop at low to stay safe and keep risk at a minimum.
$RIOT Target PTs 61-65-79 and higherBullish Pennant, continuation patterns
Riot Blockchain, Inc., together with its subsidiaries, focuses on cryptocurrency mining operation in North America. The company primarily focuses on bitcoin mining. As of December 31, 2020, it operated a fleet of 7,043 miners. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017. Riot Blockchain, Inc. was incorporated in 2000 and is based in Castle Rock, Colorado.
$BLNK Target PTs 46-60 and higherPivoting off Support and up-trending towards Resistance
To Put 'Everybody In' an Electric Vehicle, GM Introduces Ultium Charge 360
- Ultium Charge 360 will integrate charging networks, GM vehicle mobile apps, and other products and services to simplify customer charging experience
- GM collaborates with seven major charging networks to offer customers more seamless access to nearly 60,000 plugs across the U.S. and Canada
- GM and EVgo launch first Ultium-ready fast chargers; approximately 500 fast charging stalls to go live the by end of 2021
Blink Charging Co., through its subsidiaries, owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based system that operates, maintains, and tracks various Blink charging stations and associated charging data, back-end operations, and payment processing, as well as provides property owners, managers, parking companies, and state and municipal entities with cloud-based services that enable the remote monitoring and management of EV charging stations; and provides EV drivers with station information, including station location, availability, and applicable fees. In addition, the company provides EV charging hardware, software services, and service plans. It has strategic partnerships across transit/destination locations, including airports, auto dealers, healthcare/medicals, hotels, mixed-use, municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations. The company offers its services through field sales force and resellers, as well as sells residential Level 2 chargers through various internet channels. As of December 31, 2020, it deployed approximately 16,617 EV charging stations. Blink Charging Co. was founded in 2009 and is headquartered in Miami Beach, Florida