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Dip

DXY Dollar Index Next Trade Point Monday: Buy Dip back to 95.53 DXY Dollar Index The dollar broke above the 95.53 line on Friday on DXY chart and surged to within 4 pips of the next line at 96.49 by the end of the day before halting. It's a little overbought and should come off from here back to retest the 95.53 line before rallying once again. At some point fairly soon it should go on to break above the 96.49 line and move up to the next line of resistance at 97.83. This chart is usually the best confirming indicator there is for timing tops and bottoms across the Dollar pairs.
TVC:DXYLong
by sumastardon
3
Gardner Denver Holdings - $GDI - BTFD! - outside of stddev bands$GDI - Looks to be far out of the linear regression 255-day - 2x standard deviation band. I haven't found any negative press upon an initial screening, so I'll prepare tomorrow morning to search in depth to find more news / catalysts. Otherwise, I plan an entry into some calls while I BTFD. 6/14/18 GDI is going to perform a presentation at a conference. I'm assuming it's not a big deal or major catalyst, but who knows.
GLong
by wounsel
BTC: Beautiful shortHey everyone. Have to take the time to thank a fellow trader for making an awesome observation. Bitcoin was moving sideways yesterday but was showing a "barbed wire" style movement; pretty crazy wicks up and down. He identified that the last several times we had barbed wire we went down. I opened a short with a tight stop with a full 1.0 BTC and was able to close it at a $710 difference. Not a bad profit for a Sunday morning. Surround yourself with intelligent people, and always verify sources and for yourself.
Short
by infbp22
Post consensus downtrendA little late with publishing this TA but is still fully ongoing It seems that most expected an immediate bounce after the Consensus Summit 2018 but this didn't happen, e From a fundamental stanpoint there are mostly good news but we lack volume and big investors Some hours ago price broke a daily support @8240, entered in a bearish scenario and confirming the falling wedge that could bring down to 7700-7300$ price level If we take a look at the weekly chart, price could touch the 50 SMA around 7700$ with a short spike down to 73xx$ where a weekly support is present In that case we could have a possible oversold on the daily chart and reach the 0.768fib, a strong point for leading to an accumulation/lateralization phase and then a change of trend A price lower than 0.768fib should anyway cause some concern and we'll have to look carefully at the triangle bottom trendline and watch for some panic action. A good time for placing positions but using small allocations at least until a strong long signal is identified!
BITFINEX:BTCUSDShort
by Horrorcoder
AMAT - Buy the post-earnings dipThe fundamentals: Another quarter of solid growth for Applied Materials, who provide equipment used in semiconductor fabrication. While investors cheer on (the now overbought) MU, AMAT also has room to grow. Even if growth appears to be slowing, this dip puts it at a good price. The technicals: RSI(15) is just under 50, meaning it is neither overbought nor oversold. The current price is also in the bottom half of the Bollinger Bands. EMA50 has been decreasing for the past 2 months, but remains above EMA200. Implied volatility (IV30) is around 30% for options. The play: Long under $52, targetting $58. Buying calls can be a good play while volatility is relatively low. You can also sell covered calls
NASDAQ:AMAT
by dvdgege5
1
Graphic Packaging Holding Company - $GPK - Quick Dip SwingWatching $GPK for significant increase after the $0.02 ER miss. I'm considering the dip qualified since it holds far below the 255 day linear regression 1x stddev bar. Their Revenue was in-line and the miss on earnings was rather small. I'm looking for a push up to at least my Price Target of $14.80. I purchased $15 6/15 calls on 5/14 and expect to sell at my PT. I don't expect major catalysts / news from these guys, I'm just looking to swoop this dip with a little bit of leverage.
NYSE:GPK
by wounsel
Constellation Brands - $STZ - Dip on hot growing stock! I'll be looking for confirmation of continuation of $STZ 's bullish growth before buying in, but this one's on my radar. Ex-dividend date of 5/10 likely didn't help push it much higher in the past few days. There is a catalyst in the works though -- not only are earnings to be reported on 6/30/18 but they are invested in Canopy Growth (Canadian cannabis grower) whose stock is to be listed on the NYSE in the near future. From what I found they have a 10% stake in Canopy Growth. Either way, I look forward to the run-up towards earnings. I'm going to wait to exit some other positions then go ahead and pick some calls, likely for 6/29 or so.
NYSE:STZLong
by wounsel