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Consolidationzone

BNL broke out of consolidationBNL had a pull back mid June and has since recovered to make new all time highs. Since breaking out it has been consolidating right above resistance hence making it a new support level. * New company * Steady up trend * Pays generous dividends * Broke above pull back with relatively higher volume (7.28%) * Creating new support level from the broken resistance * Price is at a great point! Trade Idea: * Entry at previous close $27.63 * Stop at $26.20 (~5%) * Target at $33.17 (~20% ROI)
NYSE:BNLLong
by HaseebKhan_90
Gold consolidation range After all the volatile news end of last week & Sunday night when Sydney & Tokyo session opened carrying on the momentum (session was already closed Friday so Sydney & Tokyo session missed it) Large drop, usually a corrective pullback in price happens which bounced off a major support 1680 zone. Next usually see a consolidation where buyers & sellers take a breather, was the move correct & continues or is price oversold (in this case) & price increases. The consolidation range is roughly between 1725-1750 Price only really does 1 of 3 things but it’s a collective of all 3 that we’re able to read chart data, chart art whatever. It’s either up down or sideways so as long as you adapt to what the charts are showing instead of hopelessly believing what you want to see happen.. I have no idea where this ramblings going honestly PEACE OUT!!
TVC:GOLD
by UnknownUnicorn1722686
1
INVH consolidating again before the next move higher?Recently INVH had an explosive break out from the $38 resistance. With tonnes of volume following even after the break. Now that volume is slowing down, it seems like INVH is in consolidation mode again. Will it give another leg higher? No one can be sure; but judging from the technical performance $39.50 seems to be support. Thoughts: * Volume is relatively calming down * Seems to be consolidating before the next move higher Trade idea: * Look for buying opportunities around the $39.40 to $39.50 area OR * Wait for a break and close above $40.20
NYSE:INVHLong
by HaseebKhan_90
Will AMAT break the terminal pattern extending from March?AMAT is in a coiling pattern that extends from March 2021 and may be looking to break out now. Fundamentally: * AMATs sales growth quarter-over-quarter has been more than 30% * Its EPS is expected to grow over the coming year Technically: * AMAT is in a pennant pattern indicated by the white trend lines * Recently broke back above a resistance of $135.34 which should now serve as support * Is approaching a confluence of resistance at $142.12 Trade idea: * AMAT is approaching a confluence of resistance around the $142.10 area * Expect selling pressure around there * Expect the $135.30 area to serve as support * Look for buying opportunities around the $135.30 area OR * Wait for a daily break and close above $142 as a confirmation Notes: * A break and close below $135 would make $130 the next support level and a break below that could send the price to the bottom of the pattern * A break above $142 can be expected in the coming week * However, this may continue coiling using 135.34 as support and the white trend line as resistance until earnings
NASDAQ:AMATLong
by HaseebKhan_90
BTC- 4 TH WAVE CONSOLIDATION DETAILED STUDYEven though i tried my wave count to convince the BTC bulls, it is not possible for me to deviate from NW rules in time cycles. Wave 4 has to to take equal time as wave 3 taken, if you apply this rule ,we have more time left to finish wave 4, So far wave 'A' of wave 4 completed in 5 waves (wxyxz), therefore wave B will resume fastly ,DON'T assume it as 5 th wave Because after wave 'B', BTC bears will start selling to complete the final wave 'C' until 25th OCT,2021. Since wave A is 5 segmet(motive) waves,the retracement of B is limited to 61.8%(47895)(2nd AUG) Wave C must be of 5 wave down after wave B with a minimum target of 25300. Hence 5 th wave will resume from NOV,21
BITSTAMP:BTCUSDEducation
by selvamB
AMD looking to end year long consolidationAMD is looking to end its year long consolidation and look to new horizons. Thoughts: * Looking at the weekly or even monthly time frames you can see it's in a clear up trend * It'll have to brake and close above $94.28 before it can attempt to break through its all-time-highs. * Very high trading volume likely to push the price higher from here. Trade idea: * Judging by the price-action it seems like this may come back to retest the $87.40 area. * Look for buying opportunities around the $87.40 area. OR * Wait for a weekly confirmation (break and close) above $94.28
NASDAQ:AMDLong
by HaseebKhan_90
FAST trying to make new all-time-highsFAST is trying to break through and close above its recent all-time-high of $54.31. Good news is that it's holding its previous all-time-high of $51.89 as support. With buying pressure slowing down it may come back down to retest the $52.50 to $53.10 area as support before making another attempt at breaking and closing above $54.31 Final thoughts * Strong up trending stock * Expected to have earnings-per-share growth over the coming year * Great long term hold as it pays dividends Trade Idea * Look for buying opportunities around the $52.50 to $53.10 area OR * Wait for a confirm break and close above $54.30
NASDAQ:FASTLong
by HaseebKhan_90
5
USDCAD - LongI am bullish on USD Fundamentally as they are recovering well from the pandemic I am bearish on CAD towards the American dollar as America has a stronger currency I see a consolidation zone in USDCAD from 2015 and we arrived at the bottom of it this month, my entry was a candlestick pattern that consists of 3 candle sticks 1st candlestick must be a continuation of the current trend with no signs of slowing down 2nd candlestick (Doji) 3rd candlestick - this candlestick is a confirmation of the whole pattern, it must engulf the 2nd candlestick fully with its body and at least go into 40% or more of the first candlesticks body This candlestick pattern can happen both after a descent and after a rally
Long
by Lolek1423
LONG Breakout ADOBE After Q1 after consolidationWhen discarding covid19 effect, only once since September 2012 has SMA200 been above SMA50. Right now there is a balancing act going on. Yet over this week the price has broken out from the previous 3 tops and had strong support in 420-430 after Q1 postings. Since then there has been a strong RSI14 development and is showing a strong yet not "overbought" tendency. I have entered long in 515.23 today, as the spike in price over the last 3 days will ensure that SMA50 will stay above SMA200.
NASDAQ:ADBELong
by PersonalFinanceDude
Please comment on my idea. Thanks.Xmr looked like manage to breakout couple days ago with good volume. But it seems there is a strong short-term resistance above the cup formation and the price rejected back from that resistance line which is the white coloured line. Also volume decreased significantly after the rejection which is really not so good for an upward price movement. We simply needed much more people trading and buying xmr to breakout succesfully above. Right now it also didnt seem to breakout downward and try to consolidate. I m very willing to buy xmr because im sure it will go up. But when and how is 2 very important question. It can also form a triple top pattern before making the big breakout above therefore going down like in the first cup formation. Im watching and waiting before making any trades. Good luck and be responsible with your hard earned money! Always watch out for opportunities but be carefull.
X
by thegreatwall38
6