MMC breaking out of consolidation!* Great earnings
* Strong up trend
* High relative strength in the Financial sector
* Breaking out of a month long consolidation with higher than average volume
* Pays dividends
Note:
* Earnings are coming up this week. Given it's past performance we can expect it'll have a good report and the price to go higher.
Trade Idea:
* You can enter now as indicated since it's still very close to the broken resistance
* If you're looking for a discount you might find an entry near the 159.40 area
Highvolume
ANGELBRKG BREAKOUT BUY ON RETEST HIGH VOLUME !!!!!!!NOT A TIP OR CALL ONLY FOR EDUCATION
* Triangle pattern break
* High volume
* Retesting previous levels
NSE:ANGELBRKG
Granules at support againGranules are at support now, these are the levels from where stock bounced very well in the mid April.
Seeing current price action, and the solid support, it looks like stocks could bounce from these levels again.
Now this bounce-back would be temporary or not, i don't know as of now, the best way to trade is to start trailing once the trade starts moving in your direction.
Type of Trade
Support trade, positional
Palantir breaking downSince PLTR IPO, the price has been ranging in 3 areas.
It appears we are breaking down from the strongest support (bottom on range 2), and will potentially enter the range 1. This level is also coincidental with 61.8% Fibonacci Retracement line.
I would be willing to enter a position for a long-term trade, if we can reach the high of the IPO, which is approximately $11
Are you ready for 0.0027$ DENTDent is making a big falling wedge and seeing a lot shaved bars(big buys ) on 4 hour(bleu candle colors.
So we have 2 signs this is very bullish
1. shaved candlestick bars
2. big falling wedge
In long term i am seeing the last bigger falling wedge to go LONG. (3 points lines and you go long)
Are you buying ?
I am in!
Good luck and Like and Share.
Thanks
✨ ABCED is ready to blow on the daily chart!!! The outlook for ABCED is looking gorgeous! Check out my chart with stochastic RSI and buy/sell AI!
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Not trading advice
Aurionpro Solution - Cup and handleAurionpro Solution has formed cup & handle on its weekly chart
Imp points :
1. It has made a new 52 wk high with more than average recent weekly volume
2. It has now entered into the zone which has acted as demand zone multiple times earlier
3. Long wick
And the handle of weekly chart itself has formed a cup and handle on daily chart.
ChainLink Update So based on my last chart from 6 hours ago chainLink did follow the head and shoulders pattern i marked earlier price
dumped more then i expected My personal projection for chainlink is very neutral at the moment as the trading Volume is very high while bitcoins is getting lower looking for blast off Link might continue dumping and correcting some more i dont expect anything from Link as of pumping up hardly for the next 2 days if i see anything suggesting otherwise i will post..
practice good risk management while trading
NZDUSD back to the previous channel?The uptrend was long and clear before to break the resistance at 0.62624, pushing up the price over the EMA 200. The price started to collapse breaking again on the support at 0.64130. This range, that we called action area is for us the best section to entry short reaching the TP1 and TP2 (only if the market will break the support at 0.62624).
Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!
GMPinvestors
AUD/USD: Price & VolumeThe Australian dollar has rallied as we continue to press the idea of the 0.65 handle. That being said, the market is most certainly running into a lot of noise in that area and with the jobs number coming, it will be interesting to see how this plays out.
We continue to see the 0.65 level offer a lot of psychological and structural resistance. At this point, it is highly likely that we are going to see this market continue to melt away from this area, and it is difficult to imagine that the market will simply shoot straight through it and make a fresh, new high. High Volume is forming on the 4 hour timeframe indicating a move to come shorty.
Resistance forming opens up the possibility of a move down to the 0.63 level. That is an area that could cause a little bit of support, and a breakdown below there could really open up the floodgates to a much bigger move to the downside. At that point, then we are looking at the 0.62 handle, and eventually the 0.60 level.
Australian dollar is highly levered to the Chinese economy, and even though China is back to work, there are not that many people buying the products. In other words, things are going to be very uneven for some time, and that of course works against the value of anything risk appetite based.