Royal orchid hotels ltdRoyal orchid hotels ltd good for swing trading
breakout on weekly chart
volume high on daily chart
Buy 272
1st target 329
2nd target 385
sp 211
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes
Highvolume
$EQNR is breaking out of its base with a Pocket Pivot!Notes:
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Created a double bottom base for ~5 months and is now breaking out with higher than average volume
* Not much else to say... it's a great looking chart ;)
Technicals:
Sector: Energy - Oil & Gas Integrated
Relative Strength vs. Sector: 6.09
Relative Strength vs. SP500: 1.64
U/D Ratio: 1.17
Base Depth: 22.23%
Distance from breakout buy point: 0.44%
Volume 31.67% above its 15 day avg.
Trade Idea:
* You can get in now (at $38.44) as the price is just breaking out
* If you want a better entry you can look for one around the 37.7 area if it comes back down
* Right now it does seem to be gaping up so I wouldn't chase the price... Lets see how it behaves after the gap up and offers another entry
* This stock usually has local tops when the price closes around 15.28% above its 50 EMA
* Consider selling into strength if the price closes 15.08% to 15.48% (or higher) above its 50 EMA
* The last closing price is 7.64% away from its 50 EMA
Is $DE ready to move higher from here?Notes:
* Very strong up trend
* Great earnings track record
* Was basing for about a year before volatility kicked it around to both the up and down side of the base
* It's currently back within that base (between 394.4 and 323.5)
* Last weeks close had strong volume coming in (above average)
* Recently came back above the $357.1 mark on the weekly, which seems to be a battle ground for bull and bears (with higher than average volume)
* Was consolidating tightly all of last week with increasing volume and broke out of that consolidation on Friday with abnormally high volume
* Currently offering an early entry and a pocket pivot
Technicals:
Sector: Industrials - Farm & Heavy Construction Machinery
Relative Strength vs. Sector: 1.02
Relative Strength vs. SP500: 1.18
U/D Ratio: 1.2
Base Depth: 53.52%
Distance from breakout buy point: -16.72%
Volume 208.01% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of consolidation with higher than average volume
* If you want a better entry you may be able to get one around the 361.9 area if it comes back within the consolidation range
* This stock usually has local tops when the price closes around 13.34% above its 50 EMA
* Consider selling into strength if the price closes 13.14% to 13.54% (or higher) above its 50 EMA
* The last closing price is 8.67% away from its 50 EMA
$CPRX coming up on the right side of its base!Notes:
* Strong up trend
* Not the best earnings
* Tested historical resistance of $6.17 around mid June
* Broke and retested historical resistance of $7.43 just recently
* Printed a pocket pivot and is still relatively close to its 50 day line
* The Healthcare sector is doing relatively well compared to others
Technicals:
Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 1.77
Relative Strength vs. SP500: 1.41
U/D Ratio: 1.59
Base Depth: 38.68%
Distance from breakout buy point: -10.42%
Volume 62.59% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to its 50 day line and the price is just bouncing off of historical resistance with higher than average volume.
* If you're looking for a better entry you can look for one around the $7.62 area
* This stock usually has local tops when the price closes around 21.31% above its 50 EMA
* Consider selling into strength if the price closes 21.11% to 21.51% (or higher) above its 50 EMA
* The last closing price is 8.25% away from its 50 EMA
NQ Power Range Report with FIB Ext - 6/21/2022 SessionCME_MINI:NQU2022
- PR High: 11433.75
- PR Low: 11404.25
- NZ Spread: 66.0
Evening Stats (As of 11:20 PM)
- Weekend Gap: = -0.74% (last week - not filled)
- Session Open ATR: 421.04
- Volume: 154k
- Open Int: 234k
- Trend Grade: Bear
- From ATH: -31.75% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 12390
- Mid: 11820
- Short: 10680
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 5/31/2022 SessionCME_MINI:NQM2022
- PR High: 12824.00
- PR Low: 12746.25
- NZ Spread: 173.75
Evening Stats (As of 1:20 AM)
- Weekend Gap: = -0.10% (filled)
- Session Open ATR: 448.21
- Volume: 176k
- Open Int: 260k
- Trend Grade: Bear
- From ATH: -24.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14105
- Mid: 12960
- Short: 11480
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Is BTCUSD ready to go long?
Good day guys
Here is another trade idea.
As you can see the circle marked in orange above, represents reversal with a high volume. And blue circle and the end of the consolidation, indicate a low volume of buyers, meaning sellers pushing maybe price down, where I think the institution's orders are waiting to trigger a long trade
We have to wait for what happens and the next price reversal is how the volume reacts, high or low?
Trade well
$IMXI broke out with a tonne of volume! Will it hold?* Great earnings
* Possible start of a stage 2 up trend
* Sector: Technology - Information Technology Services
* Relative Strength vs. Sector: 2.82
* Relative Strength vs. SP500: 4.8
* U/D Ratio: 1.53
* Base Depth: 27.85%
* Distance from breakout buy point: 7.07%
* Volume 153.75% above its 15 day avg.
Thoughts:
* This, at the moment, seems short term extended and may offer a pull back entry.
* Looking at the weekly/monthly charts it does seem like the start of a stage 2 up trend.
* If it does offer a pullback entry, the best case scenario would be a buy opportunity around the $18.96 area.
* Given how it broke out, it may consolidate around the highs for a while and offer an entry somewhere around there.
This is one to keep an eye on for sure.
Trade Idea:
* Not actionable at the moment.
NQ Power Range Report with FIB Ext - 2/22/2022 SessionCME_MINI:NQH2022
- PR High: 13709.00
- PR Low: 13592.25
Evening Stats (As of 11:50 PM)
- Gap: = -0.38%
- Session Open ATR: 437.55
- Volume: 310k
- Open Int: 252k
- Trend Grade: Neutral
- From ATH: -18.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15333
- Mid: 14675
- Short: 13500
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
#BETA, Is this another entry opportunity?A quick look at Beta (#BETAUSDT, 1D, Binance):
Since my last idea , price found support on the $0.40 level and looks ready to give us some more fun!
Main Points
Yesterday, BETA has seen a considerable above-average trading volume, with price pushing as high as +20.89% at close. If BETA breaks through the EMA 50, it may go up to the most recent highs and even test the resistance of the range, for a +23.15% and +46.81% respectively at the time of writing.
Strategy
TPs set slightly below resistances:
TP1: $0.63
TP2: $0.768
SL: n/a(*)
Additional Reading
If you want to read more about Beta Finance on CoinMarketCap, click here .
What do you think?
Any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
(*) I do not use Stop-Loss for the simply because that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash.
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Some of my charts represent actual trades, and some are just paper trading. Check them out!
Needless to say, this is not financial advice!
BTCUSD Major resistance soon will break then bullish market soon after a valid breakout to the upside price can pump hard and hit the targets that are mentioned on the chart.
As we said a lot Major resistance here is black trendline resistance and price this time is near daily strong support zones so soon we can expect a breakout to the upside and then local pump here is expected like the green arrows on the chart.
DISCLAIMER: ((trade based on your own decision ))
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AMD GAMEPLAN - JANUARY 31-FEBRUARY 4This AMD plan shows possible trade ideas for longs and shorts.
-Currently, AMD has had a double bottom of sorts, and passed the previous swing high with ease.
-The price still falls below the Anchored VWAPs and below the highest volume by price range (112)
-Strongest buying pressure in recent times
-Passed above the 50EMA with ease
-MACD looks strong on 1hr
Also hit a strong Fib support off of 99.00
NQ Power Range Report with FIB Ext - 1/18/2022 SessionCME_MINI:NQH2022
- PR High: 15589.00
- PR Low: 15548.00
Evening Stats (As of 1:56 AM)
- Gap: = N/A
- Session Open ATR: 331.17
- Volume: 162k
- Open Int: 231k
- Trend Grade: Neutral
- From ATH: -7.0% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 16677
- Mid: 16105
- Short: 15333
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
It's time for DYDX24 hour trading volume is up 102.35% at
$557m while DYDX has a Market Cap of only $875m
Their next epoch is on December 21st giving us 18 days before 3,838 (at the time of writing this) more coins hit the market.
It's price has retraced 59% from it's high when first was listed on Binance and has bounced off it's support at $12 twice with a 44% gain the first time. I'm expecting it to break trend on this channel down and think we could easily see returns from 60% - 106% in a short in a short period of time.
AMZN - price action analysis - bullishNASDAQ:AMZN has broken both the downtrend lines today with huge volume. Today's volume is significantly higher than past 8 days. Price action is looking super bullish. It is also forming three potential harmonic patterns.
1) Bat - PRZ level 3507.49 (88.6% extension)
2) Alternate Bat - PRZ level 3598.47 (113% extension)
3) Crab - PRZ level 3781.11 (161.8% extension)
Let's see how many targets it hits.