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Goldencross

BBY - emerging uptrendConfluence of factors to support this view: 1. golden crossed on 4Jan23 2. 200 day MA is now flattening out 3. beginining to break out of a 2 month sideway consolidation (>86.89) It is possible that the stock could dip back briefly into the consolidation range in the near future but we are likely to see a higher low should this happen. Disclaimer: Just my 2 cents based on pure TA and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:BBYLong
by Juliac
CDAY - on the verge of trending up?CDAY had been basing since hitting low on 16 June 2022 (7 months now). It formed a Golden Cross on 17Nov 2022 (2 months+ ago) but continued to trade flip flopped within a sideway range while it's 200 day moving average began to flatten out. With it's 200 day MA having shifted from a downtrend to a flat line, the odds have increased for start of a sustainable up trend in the near future esp when it can start trading above it's last recent hi @ 73. Let see! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
CLong
by Juliac
LTC inv h&s appears to be validating; golden cross soonUnlike the tezos, and algo inv h&s patterns which ended up being takeouts and have now been nullified, the ltc inv h&s seems to still be legit and is currently attempt to validate its breakout. We can also see it is just 1-3 daily candles away from its golden cross adding bullish confluence to this breakout. The breakout target had to be readjusted slightly lower than the original target because price action dipped back below the neckline. The new target is $91.79. I will put a link to the previous litecoin idea about this inverse head and shoulders pattern below. *not financial advice*
COINBASE:LTCUSD
by DrDovetail
2
SHOP - Ready to trend soon?SHOP had been building a rounding base for the past 9 months with 2 (failed) attempts to break it's neckline @ 45.30. The stock finally had a Golden Cross a few days ago on 18 Jan, further solidifying that it is bottoming out. Even after golden cross has occurred, some stocks can continue to remain volatile within a range for another 2 or even 3 months. Hence a better time to enter long is to wait for a break above a significant neckline (in this case 45.30). The aggressive trader would enter as the stock starts to break above the neckline (entry 1) although there is a chance this could be yet another false break (but with diminishing odds as the moving averages are now aligning to the upside). A more conservative trader could wait for further upside momentum by waiting for the 1st pullback above the neckline, and then enter only when the stock starts to break above the last pivot high (entry 2). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SLong
by Juliac
NVDA - approaching neckline (bull watch)NVDA was gyrating in a wild and wide base in the last 6 months. On 14 Dec it even went above the 200 day moving average but alas it proved to be shortlived as it began to retace 61.8% of the swing (AB) , forming what is now apparent a potential inverse Head & Shoulders pattern. As of now NVDA is trading above it's 200 day moving average again (a postiive) and a golden cross could happen (although not yet) in the near future (2nd positive if and when it does happen). The odds of a successful breakup is higher than it was earlier. An aggressive trader would buy the next breakup @ 184 (#1 in chart) with initial stop loss below 170 while a more conservative approach is to wait for the 1st pullback after the breakup and only enter the trade as it rebound and starts to surpass the first high above the neckline (#2). The #2 or more conservative way of going long is to wait for the upside momentum to be firmer such that retracements are likely to be less steep by then. Disclaimer: Just my 2 cents and not a trade advice. I may or may not enter into this trade. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:NVDALong
by Juliac
1
SPX - case for optimismOn Jan 3, I posted that SPX had been trading in a diamond pattern since late May, a potentially bottoming formation in a bearish market. It has been 2 weeks since and this pattern continues to play out. 2 days ago, SPX managed to close above its 200 day moving average and stopped right at the critical longer term trendline resistence again. This is the 3rd attempt testing the 200 day MA as well as the trendline resistence in the past 1.5 months. The odds have increased that it will eventually test the 4100 level in the not too distant future, We may face some resistence at 4100 but the next pullback could be an opportunity to buy the dips, especially if pull backs do not bring it below the 200 day moving average again or formed a higher low. Signs that a new bull could have returned (in the following order): 1. trading above both longer term trendline resistence (black) AND 200 day moving average 2. Golden cross, ie 50day MA crossing above 200day MA. May happen within the next couple of weeks? However, the market could continue to gyrate wildly for weeks more until the 200 day MA can flatten out 3. finally, trading above the 4100 level and by then the 200 day MA could be starting to slope upwards Let's see. Disclaimer: Just my 2 cents and not a trade advice. I may or may not enter into this trade. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SP:SPX
by Juliac
MELI - could be ripe for breakup soonThere are several factors that are aligning in MELI's favour for sustainable recovery in the near future (minor pullbacks not withstanding): 1. Since hitting the low in June2022, it began to whip saw sideways within an ascending triangle pattern. This is a possible reversal pattern when formed after a downtrend. 2. A golden cross on 22 Dec2022: another signal that the trend is possibly reversing up although the stock could still continue to whipsaw for several weeks (sometimes up to a couple of months) until the 200day moving average could flatten or start turning up. 3. Very strong volume in the last 2 days that propelled the stock to move 15.6% in just 2 days to retest the neckline of the ascending triangle. Watching to see if a (valid) breakup will materialise in the near future (perhaps after the next minor pullback). Disclaimer: Just my 2 cents and not a trade advice. I may or may not enter into this trade. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:MELILong
by Juliac
MATIC | Golden Cross Potential & Looking PumpableDropping this idea for a good TV buddy here who was about to shart it. I have no fundamentals atm, just pure TA and hopefully it plays out well for you. Key Features : 1. Reverse Fib from High 2. 50/200 EMA's heading for convergence / cross over above 3. Pitchfork (theoretical) looking like it wants to fill the upper channel 4. Volume Profile looks a bit supportive and converging with EMA's 5. Market over all in relief mode For the sharters, I'd look for something a bit higher as indicated by the arrow. I wouldn't necessarily long this here but I can't say it'd be a bad idea off the 236 reverse Fib, there's a slight reversal pattern / bottom shaping up in there too but DYOR. Again, I whipped this up on the super fly, totally jammed over here. * * * Not Investment Advice * * * Good luck!
M
by FudBox
ETSY- Flag formationETSY has been trading above it's 200 day MA since 10 Nov22 and a Golden Cross since 30 Nov22. The trend is still up despite the steep pullbacks that this stock is prone to. At the moment we are seeing yet another "flag" formation, the next buy will be triggered should it start to break above this flag (124-127 depending on when the breakup occur, if it happens). So let's see! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:ETSYLong
by Juliac
GE - uptrend underway?The chat is self explanatory. Double Bottom, and then a golden cross. Finally a high volume candle on 4 Jan23 that propelled it quickly from 66.31to 71.94 (8.5%) in 3 days. Initial stops can be placed just under the high volume candle (ie < 66.70). However with numerous near term resistences looming, expected to face some pullbacks / consolidation along the way up. Near term dips will present good opportunity to long. Do not chase if the stock has been rising as it approach earnings release (expected on 24 Jan) as it could then more likely than not to sell off on "news" (good or bad). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:GELong
by Juliac
2
TOL - Buy the dipsHome builders had a steep fall in the 1st half of 2022 and had been building a base in the 2nd half. They have now emerged from the base and appear to be on the slow path to recovery. TOL has seen at least 3 gap ups since it's last golden cross on 8 Nov22. A sign that moemntum has been building since this golden cross. There was an attempt to break above it's neckline @ 5.50 on 13 dec but soon dips below again (a shallow dip though) until it propelled above the neckline again at the start of this year. Any near term dip would be a low risk opportunity to long with initial stops just below $49. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:TOLLong
by Juliac
EVR - morphing into uptrendGolden crossed on 8 Dec22. However a stock could still be volatile for an average of 2-6 weeks after a Golden Cross has occurred before it began to trend more consistently. About 4 weeks post golden cross now, will this stock be ready to break above 117 soon? Warning: Earnings is expected on 1st February, there is always risks to trade or hold positions through earnings. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:EVRLong
by Juliac
Divi's Laboratories Long Term Technical Analysis : -- Strict Stop Loss = 3150 -- Risk : Reward = 1 : 3 -- Target - 1 = 4059 -- Target - 2 = 4597 -- Target - 3 = 4988 -- Strong support at 3039. -- Re enter the trade at 3185 -- Touching 200 EMA Fundamental Analysis : -- Divi's Lab has a healthy ROE. -- Over the last 5 years, revenue has grown at a yearly rate of 17% -- ROCE: Maintaining healthy ROCE of 31.64% (1 year), 28.31(3 years), and 26.9% over the past 5 years. -- Healthy dividend payout -- Debt-to-Equity: Divi''s Lab has a Debt to Equity ratio of 0.00 -- CAGR: 10 years - 19% -- Cash Flow: Positive cash flow over the last 5 years -- P/E ratio: 10 years PE is close to the average PE. So Stock is not overvalued
NSE:DIVISLABLong
by ChartCorner
FUTU - Breakout for Big Jump (150% Gain)Futu - a Chinese online brokerage & wealth management platform has finally broken its resistance of accumulation zone forming an ascending-triangle chart pattern. This stock has tremendous potential. Let's know why: 1. Accumulation Completed Futu entered accumulation stage (stage 1) somewhere in December 2021 following a steep fall inline with general market decline. Its growth was contained. But after a long accumulation period of about 1 year it has finally broken its accumulation zone with ascending triangle pattern, and has swiftly entered advanced stage (stage 2). One word of caution here: Buying volumes are not so high, but golden cross is imminent. 2. Earnings Futu's revenues, which had slowed down in FY-2022, have again geared up with PQ growth of 11% in the recent quarter. Likewise, net income has grown 17%. These increases are not so high as they were in the previous years when Futu did mind-boggling growth, but mild gains are quite possible. Moreover, as it is a fast growing brokerage platform, its growth will resonate with the general market growth.
NASDAQ:FUTULong
by starringinvestors
RETA - breaking upAfter a huge plunge in Dec 2021, RETA had been consolidating in a wide range for the past 11 months. It's 200 day moving average has begun to flatten out since 27 September and the stock has also started to trade above this moving average since 14 Oct. The 200 day moving average have been tested a couple of times since and has proven to be the support so far (@ 29). Last Friday RETA finally had a close above the long term consolidation neckline @40.65, on good volume, with Golden Cross about to materialise soon. The stock is a long with initial stop loss just under it's 200 day Moving Average and recent pivot low (currently @ 29). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
RLong
by Juliac
An even bigger inverse h&s pattern appears on ALGOOn our way to hit the 2 targets I posted about previously from former inv h&s neckline breakouts, algo has now brought price action above an even higher inverse head and shoulder neckline. Stoch RSI is pretty over extended at this point so it would not surprise me at all if we see a dip back down to retest the neckline or even a few wicks or a candle close below the neckline before we are ready to validate the breakout above this new neckline. Of course, it could also just decide it wants to pump all the way to our next measured move target with no correction at all. I will keep hodling, but if I was leveraged i would dial down a good portion of my leverage after hitting the previous targets and try to add it back in upon a successful retest of the new neckline as support…if we do dip below the neckline as long as it holds the 50ma as support any dip below should be temporary. We maintain overall support on the 50 and then solidify support on the white neckline here we will likely validate another inv h&s breakout by the time algo’s golden cross occurs. *not financial advice*
COINBASE:ALGOUSD
by DrDovetail
1