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Fibonacci

DOGE/USDT 1D chart reviewHello everyone, let's look at the 1D dog chart to USDT, in this situation we can see, the price reflection here can be seen how the price continues under the downward trend line. Going further, let's check the places of potential target for the price: T1 = 0.246 $ T2 = 0.282 $ Т3 = 0.319 $ t4 = 0.369 Let's go to Stop-Loss now in case of further declines on the market: SL1 = 0.229 $ SL2 = 0.195 $ SL3 = 0.157 $ Looking at the RSI indicator, you can see that when the indicator came out the top, it gave the relief for the price and now when the price lasts in a slight side trend, the indicator collects energy for a new move.
by cryptodailyuk
GOLD forms a DOUBLE TOP. Support 3200. Trend reversalGOLD is forming support for the double top reversal pattern A break of 3200 will confirm the market's intention to reverse the trend and go downwards. Scenario: There is a lot of important news from the US and Great Britain ahead. If the general fundamental background remains and the dollar continues its bullish trend, then we will be close to a breakdown of 3200. Thus, a break of 3200 and consolidation below the level will be a signal that we are ready to go down.
OANDA:XAUUSDShort
by AndeWave
5
PEPE price analysisCRYPTOCAP:PEPE price has grown quite well over the past month. Now the OKX:PEPEUSDT price, in our opinion, has reached a critical point from where it would be appropriate to correct a bit before continuing to grow: 1️⃣ correction to $0.0000100-0.0000105 can be considered “delicate”, which will only confirm the strength and serious further intentions of buyers. 2️⃣ correction to $0.0000084-0.0000085 can be considered “on the verge of a foul”, but the upward trend will continue and will not be broken. 3️⃣ or do you think there is no time for corrections, and we should continue to grow to ATH right now? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
USD/CAD Recovery Faces First TestPrice marked an outside-weekly reversal off key support last week with USD/CAD rallying more than 1.9% off the lows. The advance is now testing initial resistance hurdles at 1.3962/97 - a region defined by the 52-week moving average, the 2022 swing high, and the 23.6% retracement of the yearly range. The immediate focus is on a reaction off this mark with key resistance eyed just higher at the 38.2% retracement near 1.4150 . Note that the March channel line converges on this threshold over the next few weeks and a breach / close above would be needed to suggest a more significant low as registered last week / a larger trend reversal is underway. Subsequent resistance objectives seen at the high-week close (HWC) at 1.4292 and the 2025 yearly open at 1.4383 . Initial weekly support rests at the 1.39 -hande with key support unchanged at 1.3729/95 - a region defined by the 38.2% retracement of the 2021 advance and the 61.8% retracement of the late-2023 advance. A break / weekly close below this pivot zone would threaten another bout of accelerated declines with initial support objectives seen at 1.618% extension of the February decline / 78.6% retracement at 1.3504/23 . Bottom line: USD/CAD has responded to confluent uptrend support with the recovery now testing initial resistance- risk for possible price inflection here. From a trading standpoint, losses should be limited to the 1.39-handle IF price is heading higher on this stretch with a close above this pivo zone needed to fuel the next leg of the advance. Watch the weekly closes for guidance here. -MB
by FOREXcom
CPI data market, buy gold!Fundamentals: Focus on CPI; Technical aspects: As expected in my previous article, gold has rebounded to the area around 3250-3260 as expected.According to the current structure, gold tends to fluctuate upward in the short term; it may even extend to the 3280-3290 area.Gold rebounded after touching 3207, and combined with the secondary low point near 3215 to form a "W" structure. This technical structure has formed a strong support structure for gold prices; and after the bad news is exhausted, the on-site wait-and-see funds will gradually enter the market, which will also push up the gold price to a certain extent. So I think gold still has the conditions to challenge the 3280-3290 area! Trading strategy: Consider starting to go long on gold in batches in the 3250-3240 area, target price: 3270-3280
OANDA:XAUUSDLong
by Steffen_Schade
GBPUSD - Trend Continuation Trading Using Structure & Ice ZonesA technical walkthrough of a simple price action trading setup using structure. In this trade specifically we're looking for a bullish trend continuation trading opportunity that occurs after the violation of structure (and a head and shoulders pattern neckline) which also lines up with a current Ice Zone. If you have any questions or comments about the trading opportunity, please leave them in the comments section below as well as any pairs or trading ideas that you'd like me to touch on in future videos. Akil
Long
by Akil_Stokes
EURNZD Short Term Buy Trade Update!!!Hi Traders, on May 8th I shared this idea "EURNZD - Expecting Bullish Continuation In The Short Term" I expected retraces and bullish continuation higher from the marked Fibonacci support zones. You can read the full post using the link above. Price reached the first Fibonacci support zone, respected it and bounced higher as expected!!! If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 ------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VladimirRibakov
Rightmove Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Rightmove Stock Quote - Double Formation * (Anchored VWAP)) - * Diversified Settings # Entry On Trend Until Retest At 130.00 GBP | Completed Survey * (Retest Area)) - * 130.00 GBP | Subdivision 1 - Triple Formation * 6% Area- * Percentage Settings * Long Set Up Bias - Lower Band #3 | Subdivision 2 * (TP1) | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) | Indexed To 100 - Position On A 1.5RR * Stop Loss At 130.00 GBP * Entry At 135.00 GBP * Take Profit At 141.00 GBP * (Uptrend Argument)) & No Pattern Confirmation * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
PEPPERSTONE:RMV.GBLong
by TradePolitics
JUMBO (BELA) Comprehensive AnalysisThe JUMBO stock recorded a significant drop of 1.90% yesterday, closing at 24.72 euros, which is the lowest level in the last six months . The dividend cut has affected the stock price, but forecasts from major analysts indicate significant upside potential. Last Closing Price: 24.72 euros 52-Week High/Low: 32.60 euros / 24.72 euros Economic Analysis Jumbo maintains a high dividend policy for 2024 despite market challenges. The company distributes 3% of its shares, with Apostolos Vakakis reducing his stake to 16.3%. The high dividend yield, combined with the expansion of the store network, enhances the attractiveness of the stock. Expected Dividend Yield: 9.1% 2024 Revenue Growth Estimate: 4%-8% Expected 2024 Earnings: Stable or slightly increased Lowering Revenue and Profit Targets – Warning of Possible Revision Jumbo informed investors that group sales increased by approximately 8% in the first half of the year, with a +9% increase recorded in June compared to the same month last year. Nevertheless, the company sets the bar for revenue and profit growth for the year at the lower end of the initial estimate of 8%-10%. Jumbo warns that if current conditions worsen, which is reasonably expected, the sales growth rate could be limited to +4% with profitability hovering at 2023 levels. Factors Affecting the Estimate Commenting on the business environment, the company mentions that the situation in the Middle East, with the "closure" of the Suez Canal, although initially temporary, will continue to affect the global supply chain likely even after the elections in America. The current global trade situation resembles the pandemic crisis, with transportation costs skyrocketing and delivery times doubling. Jumbo refuses to pass the burden of supply chain disruptions onto consumer prices. The company's strategy remains clear: it does not intend to offer overpriced products, as it estimates that the situation will reverse by the end of 2024 or 2025. Jumbo's Strategy Jumbo chooses products that meet the needs and capabilities of consumers. Faced with the dilemma of a product that includes the cost of disruptions and another with manageable costs, the company chooses the latter. This strategy is expected to lead to an increase in Jumbo's market share in the markets it operates, despite the expected reduction in inventory by the end of the year. First Half 2024 Performance Group sales increased by approximately +8% in the first half of 2024. In June 2024, sales recorded an increase of +9% compared to the same month last year. Detailed sales performance by country: Greece: Net sales increase of +6% in June 2024 and +7% for the first half. Cyprus: Sales increase of +6% in June 2024 and +4% for the first half. Bulgaria: Sales increase of +19% in June 2024 and +11% for the first half. Romania: Sales increase of +17% in June 2024 and +14% for the first half. Store Network Expansion As of June 30, 2024, the JUMBO Group had 86 stores: 53 in Greece, 5 in Cyprus, 10 in Bulgaria, and 18 in Romania, with online stores in Greece, Cyprus, and Romania. By the end of 2024, two new superstores are expected to open in Nicosia and Bucharest. The opening of the new superstore in Timisoara is postponed to the first quarter of 2025. Through partnerships, the group has a presence with 36 stores in 7 countries: Albania, Kosovo, Serbia, North Macedonia, Bosnia, Montenegro, and Israel. A second store in Israel is expected to start operating in August 2024. It is reminded that on July 16, 2024, the dividend from the 2023 earnings, amounting to 1 Euro per share (gross), will be paid. Citi and Pantelakis Securities See Over 20% Upside Potential for the Stock Citi and Pantelakis Securities predict more than 20% upside potential for Jumbo stock, despite the recent downgrade of the guidance from the company's management for the 2024 results. Citi Estimates Citi maintains the target price at €32.5, with an estimated upside of 23.9% from current levels. Combined with the dividend yield expected to reach 9.1%, the total return is estimated to reach 33%. The investment bank issues a buy recommendation for the stock. The target price of €32.5 derives from the average valuation based on the EV/EBITDA multiple, estimating that Jumbo will trade at 9 times the EV/EBITDA ratio for 2025 with a slight premium compared to the 5-year average, and from the discounted cash flow method. The target price implies approximately 14 times the P/E ratio for 2024, according to Citi. Pantelakis Securities Estimates Pantelakis Securities sets the target price at €36, with an estimated upside of 37%. They give an overweight recommendation and highlight that Jumbo is attractively priced at 10.1 times the P/E ratio for 2025 and 6.8 times the EV/EBITDA ratio. Pantelakis Securities calculates that the market at current levels discounts a long-term drop in the EBITDA margin to 17.8% from 36.8% in 2023, which is not justified. Furthermore, they mention that the strong cash flow performance in 2025 at 8% and the generous and sustainable dividend payments (6.9%) further enhance Jumbo's valuation attractiveness. Conclusion Despite the downgrade of the guidance from Jumbo's management for the 2024 results, both Citi and Pantelakis Securities see significant upside potential for the company's stock. Their forecasts are based on stable valuations and estimates for strong cash flows and sustainable dividend yields, making Jumbo stock an attractive choice for investors. Detailed Report Jumbo, one of the leading retailers in Greece, operates in the sale of toys, baby products, gift items, household goods, stationery, seasonal and decorative items, books, and related products in Greece, Cyprus, Bulgaria, and Romania. This analysis focuses on the financial data and technical indicators of Jumbo S.A.'s stock, providing a comprehensive overview for investors and analysts. Technical Analysis Open: €25.24 High: €25.24 Low: €24.72 Close: €24.72 Moving Averages (EMA): EMA 20: €25.52 EMA 50: €26.05 EMA 100: €26.42 EMA 200: €26.54 Jumbo's stock price is below all major moving averages, indicating a downward trend in the short, medium, and long-term horizons. Relative Strength Index (RSI): RSI (14): 31.23, indicating that the stock is in the oversold zone. MACD: Histogram: 0.0070 MACD: -0.3640 Signal: -0.3711 The MACD indicates bearish momentum, with the MACD line below the signal line. Pivot Points Support Levels: S1: €24.82 S2: €24.30 S3: €23.84 Resistance Levels: R1: €25.89 R2: €26.26 R3: €26.78 The stock price is near the first support level, indicating potential reversal points. Financial Data Key Statistics: Market Capitalization: €3.43B Trading Volume: 123.75K (30-day average volume: 173.45K) P/E Ratio: 11.3x (below the Greek market average) Revenue Estimate: €34.14 Analyst Forecasts: Highest Estimate: €38.00 Lowest Estimate: €31.10 Average Estimate: €34.14 Analysts predict a 38.12% increase in stock price over the next year, based on current performance and future prospects. Valuation Estimate Jumbo's stock appears undervalued compared to its intrinsic value, based on analyst forecasts and market prices. Future Growth Key Information: Earnings Growth Rate: 5.8% annually Revenue Growth Rate: 7.1% annually Expected Return on Equity: 23.8% in 3 years Recent Updates: Target price increased by 7.7% to €33.89 (May 23) Target price increased by 7.3% to €33.76 (May 6) Target price increased by 8.1% to €28.50 (August 11) Target price increased by 8.4% to €27.64 (June 27) Past Performance Key Information: Earnings Growth Rate: 14.2% annually EPS Growth Rate: 14.2% annually Revenue Growth Rate: 6.2% annually Return on Equity: 22.8% Net Margin: 28.0% Jumbo has shown strong performance in previous years, with steady earnings and revenue growth, and high return on equity. Jumbo S.A. demonstrates solid performance and has good growth prospects. Despite the recent drop in stock price, analysts remain positive about the company's future, with predictions for significant stock price increase over the next year. The company continues to invest in new markets and improve the efficiency of its existing operations, making it an attractive choice for investors.
ATHEX:BELALong
by kgougakis
EURUSD - Expecting Bearish Continuation In The Short TermH1 - Clean bearish trend with the price creating series of lower highs, lower lows. Lower lows on the moving averages of the MACD indicator. Expecting further continuation lower until the two Fibonacci resistance zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VladimirRibakov