MANAUSDT TECHNICAL ANALYSIS@EngineeringRobo cloud still RED CLOUD but getting closer to turn green in daily time frame, it already turned GREEN CLOUD in 3 hours time frame. Last multiple candles staying on down trend-line and if one candle open-close completely above to down trendline, this mean it will completely break out triangle , stay above to up trendline and it may gain more. We have received EARLY BIRD and BUY 2 signal from @EngineeringRobo as well.
Let's follow our chart closely and do not forget to follow me as well.
"NFA"
Earning
ATOMUSDTIf candles keep going stay above to up trendline and next candle completely open-close above to down-trendline, also if resistance line turn to support line, plus if we get some signals from @Engineering robo EARNING WILL BE INEVITABLE.
Let's follow our chart closely and let's earn together. Do not forget the follow me as well.
"NFA"
ORNUSDT TECHNICAL ANALYSISORN hasn't reached last ATH and lost over 87% March 2021. Is it time to buy?
The candles already break out from triangle and we have received some BUY signals from @EngineeringRobo . Also Moving Avarage strategies almost change to direction as well. It may another an opportunity to BUY. First target may $4.27 and if resistance line turned to support line, next target might be $6.47.
Lets follow our chart together and lets earn together. Do not forget to follow me as well.
"NFA"
COTIUSDT TECHNICAL ANALYSISThe candles are break out down trend line And if the next candle open close completely above to down trend line or leave from triangle, we will have an opportunity for buy. Also, we have received multiple BUY signal from our robo advisor @EngineeringRobo . Not only that, one candle open-close above to support line as well. Also Risk-Reward Ratio approx. 1.69
Let’s earn together and don’t forget the follow me.
“NFA”
PLTR ER is coming up in the near future for Palantir stock. Can expect this to be around 19$ after their report if it goes to the downside which I'll happily load up on shares.
It is very possible this goes to the upside as well off of their report.
The Great men of the trading worldAs a trader of over 20 years, there has been a lot of trial and error. A lot of learning, it’s still continuing! I wanted to share some interesting pointers with the community;
People see charts really look deeper than that.
I regard a couple of men in trading terms as the “Greats” Would there be others you consider? Why?
Let’s start – the only order is the age (timestamp) rather than preference to their work.
Charles Henry Dow (November 6, 1851 – December 4, 1902) was an American journalist who co-founded Dow Jones & Company. Little known fact, Dow also co-founded The Wall Street Journal, which has become one of the most respected financial publications in the world. He also invented the Dow Jones Industrial Average as part of his research into market movements. This guy has his own chart.
He developed a series of principles for understanding and analyzing market behavior which later became known as Dow theory, the groundwork for technical analysis.
Dow theory explained
The Dow theory is based on the analysis of maximum and minimum market fluctuations to make accurate predictions on the direction of the market.
According to the Dow theory, the importance of these upward and downward movements is their position in relation to previous fluctuations. This method teaches investors to read a trading chart and to better understand what is happening with any asset at any given moment. With this simple analysis, even the most inexperienced can identify the context in which a financial instrument is evolving.
Furthermore, Charles Dow supported the common belief among all traders and technical analysts that an asset price and its resulting movements on a trading chart already have all necessary information already available and forecasted in order to make accurate predictions.
Based on his theory, he created the Dow Jones Industrial Index and the Dow Jones Rail Index (now known as Transportation Index), which were originally developed for the Wall Street Journal. Charles Dow created these stock indices as he believed that they would provide an accurate reflection of the economic and financial conditions of companies in two major economic sectors: the industrial and the railway (transportation) sectors.
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This is another interesting topic in it’s own right, but not for this article.
“Pride of opinion has been responsible for the downfall of more men on Wall Street than any other factor.” Charles Dow.
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Many of our modern techniques fit into Dow theory in some way, shape or form and most people do not realise this.
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R.N Elliott – Elliott waves to most
Ralph Nelson Elliott (28 July 1871 – 15 January 1948) was an American accountant and author, whose study of stock market data led him to develop the Wave Principle, a form of technical analysis that identifies trends in the financial markets. He proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves.
Elliott Said “The forces that cause market trends have their origin in nature and human behaviour” as well as “Forces travel in waves, as demonstrated by Galileo, newton and other scientists.”
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Wave Theory
In the early 1930s, Elliott began his systematic study of seventy-five years of stock market data, including index charts with increments ranging from yearly to half-hourly. In1938, he detailed the results of his studies by publishing his third book, The Wave Principle.
Elliott stated that, while stock market prices may appear random and unpredictable, they actually follow predictable, natural laws and can be measured and forecast using Fibonacci numbers. Soon after the publication of The Wave Principle, Financial World magazine commissioned Elliott to write twelve articles (under the same title as his book) describing his new method of market forecasting.
In the early 1940s, Elliott expanded his theory to apply to all collective human behaviors. His final major work was his most comprehensive: Nature's Law –The Secret of the Universe published in June, 1946, two years before he died.
In the years after Elliott's death, other practitioners (including Charles Collins, Hamilton Bolton, Richard Russell and A.J. Frost) continued to use the wave principle and provide forecasts to investors. Frost and Robert Prechter wrote Elliott Wave Principle, published in 1978 (Prechter had come across Elliott's works while working as a market technician at Merrill Lynch; his prominence as a forecaster during the bull market of the 1980s helped bring Elliott's wave principle its greatest exposure up to that time).
I wrote a few months back an article on the application of Elliott (Click the image for the link.)
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Richard Wyckoff
This method has had a lot of popularity recently on social media and in @TradingView
Richard Demille Wyckoff (1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. He is considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott and Merrill. At age 15, he took a job as a stock runner for a New York brokerage. Afterwards, while still in his 20s, he became the head of his own firm. He also founded and, for nearly two decades wrote, and edited The Magazine of Wall Street, which, at one point, had more than 200,000 subscribers. Wyckoff was an avid student of the markets, as well as an active tape reader and trader. He observed the market activities and campaigns of the legendary stock operators of his time, including JP Morgan and Jesse Livermore. From his observations and interviews with those big-time traders, Wyckoff codified the best practices of Livermore and others into laws, principles and techniques of trading methodology, money management and mental discipline.
From his position, Wyckoff observed numerous retail investors being repeatedly fleeced. Consequently, he dedicated himself to instructing the public about “the real rules of the game” as played by the large interests, or “smart money.” In the 1930s, he founded a school which would later become the Stock Market Institute. The school's central offering was a course that integrated the concepts that Wyckoff had learned about how to identify large operators' accumulation and distribution of stock with how to take positions in harmony with these big players. His time-tested insights are as valid today as they were when first articulated.
Although it seems complex – the logic still holds strong and has been seen even in recent Bitcoin moves. (click article – below) to see the types of Schematics.
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Wyckoff said “Successful tape reading is a study of Force; it requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side.”
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WD Gann
William Delbert Gann (June 6, 1878 – June 18, 1955) or WD Gann, was a finance trader who developed the technical analysis methods like the Gann angles and the Master Charts, where the latter is a collective name for his various tools like the Spiral Chart (also called the Square of Nine), the Hexagon Chart, and the Circle of 360 Gann market forecasting methods are purportedly based on geometry, astronomy and astrology, and ancient mathematics. Opinions are sharply divided on the value and relevance of his work. Gann authored a number of books and courses on shares and commodities trading.
There are several techniques using Gann methodology;
Here’s one on Gann Fans
Gann said “Time is more important than price. When time is up price will reverse.”
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Another great man worth a mention, purely on these quotes 😉
If everyone is thinking alike, then no one is thinking.
Benjamin Franklin
Wyckoff would call this composite man logic!
Make yourself sheep and the wolves will eat you.
Benjamin Franklin
And this is how I feel the crypto market is currently looking.
Any others you think should be on the list, mention in comments and why?
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
A bullish divergence is forming on UWMC on the weekly chartMonday after trading hours UWMC will report earnings. So far they have very good earnings and are expected to surprise again. However the stock price is at is lowest, way below the IPO price. There are some unusual option activity in the call side as well. Will see how it goes, but this stock needs some love.
UK100/FSTE100 SellMarket showed a lot of choppiness before London open. This market is bearish at its current state.
EPS released for blue chip stocks like Barclays this week together with others like Microsoft from the US exchanges.
I anticipate a drop to 6840 from cmp.
Namaste
Snap Inc Before Earnings Snap Inc. is expected to report earnings on Tuesday after market close.
The report will be for the fiscal Quarter ending Mar 2021 .
Right now we have small pullback before the earnings , snap reach to 65$ and created double top .
Between 60$ - 65$ channel we can see very strong resistance (double top) ,there we have the downtrend Fib 50%-61.8% from Feb.
we may see pullback until uptrend Fib that located at 64$ - 67$ channel , Ema's 20 / 50 act as Support in the short term , If the price will go down to this levels and pushing up with good Support that will be Entry 1
If the price go above 65$ this will be Entry 2
T1 - 67$
T2 - 71$
T3 - 74$
T4 - 77$
* There is no buy / sell recommendation in the aforesaid ,
$JMP killer earnings $0.45 per shareJMP Group (NYSE:JMP) stock is soaring higher on Friday after releasing its earnings report for the fourth quarter of 2020 after-hours yesterday.
The most recent earnings report has JMP Group bringing in earnings $0.45 per share of on revenue of $53.62 million. Both of these are strong increases over the company’s EPS and revenue of 1 cent and $23.82 million from the same time last year.
Those positive results for the quarter are easily enough to explain why JPM stock is on the rise today. However, there’s more investors should note. It looks like the company is the target of investors looking to pump and dump it on the news. Talk on social media seems to back this idea up.
As a trader you have to understand the power of a catalyst. $JMP had killer earnings.
finance.yahoo.com
$VCRA provide outstanding Fourth Quarter 2020 Financial ResultsVocera Announces Fourth Quarter 2020 Financial Results
$VCRA Today reported total revenue of $56.6 million for the fourth quarter of 2020, an increase of 14% compared to last year.
GAAP net income of $0.1 million compared to a GAAP net loss of $(1.7) million last year
Non-GAAP net income of $9.7 million compared to $4.9 million last year
Adjusted EBITDA of $13.1 million compared to $6.9 million last year
Full-year bookings were $233.3 million, up 17% year-over-year
Deferred revenue and backlog combined of $173.9 million as of December 31, 2020, an increase of 28% over last year
Earnings per share were up 86.67% over the past year to $0.28, which beat the estimate of $0.20.
finance.yahoo.com
finance.yahoo.com
$GRWE with a neutral outlook after earning releaseThe PEAD projected a neutral outlook for $GRWE after a Negative under reaction following its earning release placing the stock in Drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$COUP Strong Momentum and pointing up $COUP Strong Momentum and pointing up but stock already above Post-earning announcement drift. Expect more upside with slight downside short term.
Inverted H&S with a 60% up potentialAfter months of consolidation it looks that a inverted head and shoulder was formed.
RISKY GOGO TRADE - GOOD END OF YEAR PREDICTED Gogo, Inc. engages in the provision of in-flight broadband connectivity and wireless entertainment services. It operates through the following segments: Commercial Aviation North American (CA-NA); Commercial Aviation Rest of World (CA-ROW); and Business Aviation (BA). The CA-NA segment offers a broad range of connectivity and entertainment services to commercial airlines flying routes. The CA-ROW segment covers satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American based commercial airlines when flying routes outside of North America. The BA segment comprises of a broad suite of in-flight Internet connectivity and other voice and data communications products and services under its Gogo Business Aviation brand to the business aviation market. The company was founded in 1991 and is headquartered in Chicago, IL.
SHORT INTEREST
34.83M 07/15/19
P/E Current
-1.91
P/E Ratio (with extraordinary items)
-2.05
Average Recommendation: OVERWEIGHT
Average Target Price: 6.40
Wait for a pullback on this move...
ECA - Ready to move up again with upcoming earnings report?ECA will be looking to display strength as it nears its next earnings release, which is expected to be July 31, 2019. On that day, ECA is projected to report earnings of $0.16 per share, which would represent a year-over-year decline of 23.81%. Meanwhile, our latest consensus estimate is calling for revenue of $1.54 billion, up 57.07% from the prior-year quarter. (Source: finance.yahoo.com)
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company's operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America. It operates through three segments: Canadian Operations, USA Operations and Market optimization. Its Canadian Operations segment includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada. Its Canadian operations include Montney in northeast British Columbia and northwest Alberta and Duvernay in west central Alberta. The USA Operations include the exploration for, development of, and production of natural gas, oil and NGLs, and other related activities within the United States. The Market Optimization activities are primarily responsible for the sale of the Company's production to third party customers.
SHORT INTEREST
42.15M 07/15/19
P/E Ratio (without extraordinary items)
5.46
Analyst Price Prediction: $8.42
Recommendation Overweight