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Double Top or Bottom

4/7/24 DXY analysis (continued) PT.2Now looking at the daily timeframe I have marked out levels of support as well as areas that further support a bullish bias. Let's go over them. - The grey boxes are daily bullish FVG that have been respected. - The first respect was on 3/21/24 and we saw a bounce in price to take out the daily FVG stop marked on the chart. - The price move that took out the FVG stop created a bullish FVG that was respected on 3/26/24. This bounce took us to a new high. - NFP news sent us lower again into that same Bullish FVG and we swept a weekly low *Weekly lows/ highs are important liquidity points. - We swept the weekly low BUT it was respected because of the bullish FVG. - This is further reason to continue to look for bullish scenarios for DXY. - Blue line is my personal target for DXY buys. - We also have a double top marked by two red arrows. This can be used as kind of a first target for buys. Once these highs are reached im looking for buys to accelerate. ***THIS IS NOT FINANCIAL ADVISE*** That being said im looking for a bullish DXY
TVC:DXYLong
by kamaricolmn
1
Good enter pointNYSE:UNH reached 450 $ recently. From December 2021 never reached bellow this level. It tried 450 $ six times and bounced back to 550 $. From December 2021 NYSE:UNH is is swing in a channel between 450 and 550 $. In weekly chart, it is on 200 days moving average, which seems a very strong support. From December 2021 it always trades above 200 days moving average. In march 2020 it touched the moving average, however, it bounced back and moved higher. I believe NYSE:UNH could easily reach 500 $ in near future and 500 $ is not out of reach. I set my stop loss at 435 $. Good luck to everybody.
NYSE:UNHLong
by Shahi_bak
XEROX: New Management & Potential InvestmentFundamentals: - Xerox on March 2024 offered $50 million of 3.75% in Convertible Senior Notes due in 2030. - I guess Xerox is getting into 3D printing and they are trying to "RE-INVENT" themselves. They have a heavy amount of cashflow. However, SMCI (Super Micro Computer) is a competitor and SMCI is booming as a leader in its industry. - Xerox currently pays a 6% dividend. - If Xerox improves, a small buy now with its 5.9% to 6% dividend re-investment won't hurt. Maybe there will be a May 2025 breakout. Perhaps a November 2024 Presidential Election breakout. Technicals: Monthly Chart: Xerox has reached rock bottom again. Notice how Xerox likes to bottom in the same area every time there is a major market crisis. I circled areas where ichimoku gave late stage buy signals on a monthly chart and areas where I would have attempted to buy-and-hold based on the monthly chart. The vertical lines show bear markets or close to bear markets in the overall stock market, which seemed to drastically affect this stock. Since 1983, Xerox always bottomed in the same area. Xerox bottomed in 2023. The longest move up after Xerox hit the bottom is 4 to 5 years. If 2022 or 2023 is the bottom, then, Xerox has until 2026 to 2027 to finish rallying. Weekly Chart: A double bottom appears on the weekly chart with validating volume and DQ. The weekly chart already tells us to be alert for a buy now or around $20. And, also, if the price moves to 26.95, then that will be near a monthly buy. uRd stage 3 ichimoku pattern MACD and MACD-Ichimoku above the water line Comment: -Price is currently in a 12ish/19ish box range. - If Xerox improves, a small buy now with its 5.9% to 6% dividend re-investment won't hurt. They can pay me while they continue to R&D and innovate enough to bring up sales, growth and earnings. Maybe there will be a May 2025 breakout. Perhaps a November 2024 Presidential Election breakout.
NASDAQ:XRXLong
by Rocketman