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#VEDL #NIFTY #NIFTY50 #VEDANTA #INVEST #EQUITY ##Bullish #WedgeBoth Rounding Bottom And Bullish Wedge formed in #Vedanta ( #VEDL )
The Exponential Moving Averages crossed above
Closing Price of last candle closed above the resistance with a huge increase in volume
Expect a bullish reversal
Final Target will be 140-145
Up side potential high
Return:Risk Ratio High.
BITCOIN - LongTerm Price Action Analysis 6K and 3K zones (if 6k break) are coming.
There is a Daily support LVL (with volume profile confirmation) at 5200 that is important in daily but not in weekly.
Aggressive stop-loss: $11000
Best stop loss: 12400
After reaching the 6K (and even 3K) zone BTC is in a super bullish pattern called QM.
Will BTC see 20K again? YES! Even higher? YES! But you must wait.
Good luck :)
Shift Payments Strong Buy --> IPO Scheduled TomorrowFirst off, please don't take anything I say seriously or as financial advice. As always, everything I say is on an opinion based basis. If anybody is excited for some potential IPO opportunities, Shift payments definitely looks like one of them. The price proposed at at $21, seems reasonable when looking at A) Competitors such as PayPal and Square B) Recent POS growth for restaurants post-Covid C) Financial expectancies. After missing the ZI IPO, I definitely think this one is one to watch out for + potentially hold. If it doubles, and I were to buy it than, I would sale and reinvest in the dip or hold depending on market activity. Either way, looks to be a strong buy.
I Missed a Huge IPO Opportunity, Feeling Dumb Right Now :(First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, imagine having a chance to buy a stock at a $13 price point and doing a sell of for $42 within a day's time period. Had the chance to do that, and didn't. Didn't even get the stock. When you see a stock going down few hours Post-IPO, it is because many people are putting sell orders quick for profits and lots of activity happening during those time periods. Unfortunately, it can mess with your confidence and your judgement where you miss a great buy opportunity. I seen the stock's symbol from TradingView. It had hype. Now, I feel sick :(
Short GBPJPY 4HFX:GBPJPY is in a long term downtrend and therefore we should look to enter only entries to the downside.
The black lines on the chart represent Fib Retracement level on the Daily Chart. We will now continue to the smaller timeframe to find an accurate entry point.
A nice downward parallel channel further indicates downward movement and we will set our TP target on the fib retracement line. The ADX also have downward movement that indicates bearish action.
Risk:Reward - 2.00
TP :129.700
SL : 131.600
Short GOLD 1H OANDA:XAUUSD has been riding the bullish wave for quite some time and therefore I will not yet recommend going short for the long term. This is a short term setup and here are my reasons.
Volume : Falling Volume when price tests the resistance trendline indicates that bulls is not giving the necessary power to breakout.
Triangle : The Triangle that is forming is pointing downwards and therefore the bears is starting to steer price in their direction.
RSI : The RSI has a downwards slope that indicates closing prices is going lower.
SL : 1745.00
TP : 1710.00
This is a short term setup
Long AUDUSD Weekly FX:AUDUSD has been in a strong bear market the past few years and the effect of the corona virus has caused it to test monthly support levels. With rising volume on the weekly timeframe we could expect a breakout upwards.
I have set out my TP targets and SL on the sheet. Minimum risk:reward is set at 2:1 and Maximum Risk:Reward is set at 6:1
Fib Retracement lines is our guide with this trade to solid TP targets
RGTECH-Kaunter Untuk InvestKaunter di sektor teknologi dalam sub-sektor Digital Services. Dari segi FA, agak baik cuma dividen yield sahaja yang kurang.
P/E Ratio: 30.19
ROE (%): 8.76
Profit Margin (%): 6.8
Number of Share: 525.20 m
Kajian RHB telah memilih kaunter ini sebagai salah satu antara 20 kaunter dengan prospek pelaburan jangka sederhana dan panjang.
Fair value kajian RHB adalah disekitar RM 0.38 - RM 0.52.
Dari segi TA, harga sedang uptrend dan mencatatkan pattern zig zag yang sihat. Pergerakan harga juga dalam lingkungan uptrend parallel channel.
Harga juga berada di atas MA20, MA50 dan MA200. Potensi untuk entry semasa pullback.
Support: 0.305
Resistance 1: 0.350
Resistance 2: 0.390 (52 weeks high)
Long NAMPAK (NPK) JSE 1H JSE:NPK is South Africa's leading diversified packaging manufacturer. As of basic knowledge due to lockdown regulations economic growth has been slower across the world. JSE:NPK also took a great loss due to this pandemic.
Fundamental positives :
- Gross Profit Margin : 30,34% ( Relatively Strong )
- Current Ratio : 1,36 ( They have enough current assets to manage short term debt )
- Price/Book Ratio : 0,10 ( They are undervalued because the ratio is below 1 )
Technical Analysis :
- JSE:NPK has recently started to move in a upward parallel channel
- The support line has a steeper climb than the resistance trendline indicating stronger bullish movement
I would recommend to set Take Profit targets at R2,28
Always use Risk Management when entering a trade .
EURAUD SETUP LONG TERMEURAUD
*The 4H , 40 Day EMA is currently in a downward slope which indicates short term downward movement.
* The Parallel zone consists of the Weekly timeframe and this suggests that on a long term view FX:EURAUD is in a upward trend.
* Therefore we can expect downward movement towards the 1.65000 level .
* A buy option after this level will be most suitable with a Take Profit at : 1.72000
Always use risk management to ensure not to overtrade
Long BTCUSD * Trendlines tested numerous times . Indicates strong support zone.
* 40 Day EMA is starting a bullish curve.
* Low Volume indicates there is not a lot participants in the market and therefore they will probably follow the trend.
This is a medium term perspective.
Always make use of proper Risk Management when trading.
Short EURJPY MonthlyEURJPY is running on a strong Monthly Resistance Trendline. This would act as a strong barrier to break because it has been tested 3x Times. The longer and more times a trendline is tested without being broken the stronger it becomes.
As Indicated the longer term weekly trendline has been broken and retested indicating strong selling signals. The 40 EMA also is in a strong downtrend on the weekly chart.
TP1 : 111.200
TP2 : 96.000
This is a Long term setup therefore I will recommend a small lot size when entering a trade.
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GOLD - Trade the divergences, don't buy the hype!Gold, our lovely hedge as people would call it.
I will look for a healthy retracement to occur really soon.
Divergences are awesome to trade off of especially on the longer time frames where they pay off the most.
You could literally sell off the bearish divergences on the weekly and have not only come out on the winning side of trades but for tremendous gains as well.
We've got a rounded cup formation that somewhat lines up with our all time high. I could see this continue to rally up to 1900-2000 price levels and continue to display bearish divergences before ultimately retracing down, which in my opinion seems to have a higher probability of happening soon.
For those who think gold will continue to rise as traditional markets are plummeting, let's put things into perspective:
Dotcom Market Crash of 2000 - Gold flipped bearish and had a retracement of approximately 25% to the downside.
Mortgage Crisis Crash of 2008 - Gold flipped bearish and had a retracement of approximately 35% to the downside.
Although I don't like to make predictions I'm going to make a bold one and say the markets are going to get hit much harder than ever before, mainly due to the fact that businesses and the economy as a whole, especially in the western hemisphere are in total shut down.
Not only is it all shut down but governments are giving out handouts to small businesses and individuals which explains this recent rally across all markets. It's all that funny money!
I see no reason to be bullish on Gold right now. It's due for a pullback as it continues to show overbought signals as price continues to rise. The timing is perfect and the technicals seem to be lining up.
I wasn't too big on investing in gold in the past due to its lack of volatility in comparison to other financial instruments but considering this data in front of me, I wouldn't mind taking a BUY THE DIP approach on this one and continue to add it to my long-term off-risk portfolio.
This is just my opinion and is not financial advice. I would love to know what you think. Let me know! Cheers.
Concering Crude Oil, my analysis says we keep going SHORT TARGET 20.70
I am wide open for any criticism or discussion. And I am open to share with anyone my knoweldge of years.