Get started

Ichimokuchart

$SQ: Buy the breakout! HUGE upside.Update on $SQ: In my previous analysis, I mapped out the price to continue upwards in the upwards channel but instead we went sideways. We are now in a bullish pennant, waiting for a break to the upside. The bullish trend is still intact as indicated by the weekly Ichimoku Cloud. And as we all know, bigger the time frames, the more reliable Ichimoku is. In my opinion, buying now would be safest with setting your SL under the pennant before shares push higher in May (earnings report). This an analysis, not an investment advice.
NYSE:SQLong
by Litwolf
Euro on steady ground? - Ichimoku EUR/JPY Long Trade SetupIf you were in the coaching call yesterday then this setup will look familiar to you. We rose steadily last week before finding some resistance here at the top of the kumo. I am looking for a springboard move off tenken sen and the kumo as a confirmation for a long entry. In the coaching call I mentioned a more conservative entry would be just above the wicks of where we've been getting rejected, so we do have multiple ways to approach this setup. I've set this one a little lower for a little better risk to reward and to be closer to our stop loss right below kijun sen. If we fail to break higher or hold support, this setup may become invalidated.
Long
by The808Trader
$ACB: A closer look at the dipMy last analysis of $ACB was on the larger time frames which indicated more upside in the coming weeks. Now let’s look at the 4 hours time frame: I’ve indicated zones that we continue to surpass & each new zone we enter, we go into an upwards channel. If you have not entered, watch for price to bounce off of upwards channel before entering. Identifying the upwards channel in each new zone is a great opportunity to gradually add or for a first entry point before we reach all time high. Also, $ACB was recently rewarded with the maximum number of lots in German cannabis tender. This is jus the beginning of many great news to come. A partnership with a large consumer company (in the works with Nelson Peltz) and the R&D expansion will shoot this stock through the all time high in my opinion.
ALong
by Litwolf
$LULU: Swing Trade to all time high. Ride the wave!$LULU has been an exceptional stock; going up 79% the past year. We have a potential setup occurring for a profitable swing trade. What to watch (1 week time frame): - We see an incomplete head and shoulders - right shoulder can reach all time high (shown above). - Ichimoku cloud shows bullish for next weeks or month to come - We will see the stock move higher before lower. - Watch for a bounce on the 26 day avg line or Ichimoku Cloud Span A. -Be patient and enter only if a bounce occurs around the 130-140 levels. We have identified the long term trend, found an entry point and exit point. Now RIDE THE WAVE. Most important of all, BE PATIENT . Trade at your own risk.
NASDAQ:LULULong
by Litwolf
This ain't it, Chief. S&P500 further upside awaits?Lets look at the big picture, the monthly time frame for the S&P500: We see a bullish Ichimoku cloud, 9 day and 26 day has snapped back together, and an incomplete head & shoulders pattern. The monthly Ichimoku Cloud is most reliable and accurate in the monthly time frames and we see a healthy green cloud still pointing upwards. We also have the 9 day and 26 day avg lines which can show us whether the trend can stay or change; if the 9 day (blue line) crosses over the 26 day day we can expect a trend shift OR it can disbands to the upside & we continue going higher. Lastly we have to watch how the monthly candle completes; If we end the month with a red candle, next month candle can possibly test the 9 day and 26 avg lines (to complete the head and shoulders pattern) before further upside. I do realize the weak economic data signalling recession but for the time being indicator are still signalling upside. Trade with no emotions and be PATIENT. An analysis, not an investment advice
SP:SPXLong
by Litwolf
5
$MU to the moon. The semi business has bottomed! LONG TERM TRADE. ONLY FOR THE PATIENT. On Thursday, $AVGO (Broadcom) earnings call called for a bottom in the semi business in Q2. With that being said, $MU is looking like a good setup for a long term swing trade. In December, we see micron bounced at $28 and rallying to $43. Now we are currently sitting on the 9 day avg line (1 week time frame). I have chosen the 1 week time frame to show you the close up price action. If we look at the monthly time frame, we see the Ichimoku cloud showing we're still in a bullish trend (above green cloud). What to watch (1week time frame): -Watch for price to hold above 9 day avg line or 26 day avg line if falls below (shown above). -Micron will be reporting earnings on Wednesday after market close. I believe it will pop but staying cautious. This is an analysis, not an investment advice.
NASDAQ:MULong
by Litwolf