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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.
Long Cartrack (CTK) DailyCartrack is an interesting stock . It has already shown great recovery of its share price even though the Corona Virus Lockdown is not over in South Africa. Cartrack has an overall bullish slope and the 40 EMA also confirms this overall bullish pattern for Cartrack.
Fundamentals :
Current ratio - 1,3:1 ( Current assets is enough to cover Current Liabilities in the short run)
Gross Margin - 71,37% ( This is a relative high margin that indicates great profitability)
Net Margin - 20,55% ( After all expenses is paid and done the company has a strong profit figure)
P/E Ratio - 18,534 - The company is slightly overpriced due to the fact it passes 15 , but an higher P/E is not unusual for a Growth Company
This is a long term investment option ( 3-5 years)
Long USDZAR USDZAR have recently tested a new record high just above R19,00000. The strong upwards movement is supported through a strong support trendline. The Trendline have been retested about 3 times and therefore is strong. A Short term trendline (blue line) have been broken and retested and therefore indicates buying power rising.
A great entry point is at R18,30000 . Take Profit at R19,00000. A Stop loss can be placed at the R17,80000 mark.
There could also be a decline in the JSE stock prices due to a Rand that is weakening.
For more live signals check out my Telegram Channel : Otforex
New Earning that might lead to new bull move in AREThe new earning report released for ARE increase more than 300% since the last report in October 28 2019. (EPS) of ARE is (1.74) compared (-0.44) to the last report. This earning can be the new bull move of this company because earning is what matter as I published here .
I totally recommend investing in this stock for at least the next quarter and see if the new earning beats this earning or at least maintain it , then keep investing in it until you notice dropped in earning.
Sprint a great time for a long-term pickSprint a great time for a long-term pick
Hey InvestmentCoachChris everybody. Don’t forget to visit www.investmentcoachchris.com
Look at the end of the day you have the opportunity to buy a piece of a company that’s going to eventually go up to the question is just when.I think if you’re looking to get a cheap two dollar stock that could be as high as $10 in the next few years you know that’s not a bad investment if you don’t have a better pic that being said we’re always looking for a best deals possible
GBPJPY LONG FOR SWINGAS YOU CAN SEE FROM THE ANALYSIS GJ MIGHT BE RETEST AND BOUNCE ON THE RESISTANCE AND SUPPORT CROSS. ALSO THERE IS BOLLINGER BAND MID LINE IS LOCATED AS A SUPPORT TO HAVE BULLISH MOVEMENT FROM 140.800. MACD IS CROSSING DOWN SO YOU CAN TAKE A LOOK FOR SELL TILL THE 140.800 AND BUY LIMIT ON 140.800.
Fundamental Analysis MU Earnings Micron TechnologyCheck my profile for more info!
For my latest stock, I took a look at Micron Earnings $MU Stock. Darth Bear got 2Pts, while Bull Solo got 5Pts! MU is a strong company with a healthy balance sheet!
Darth Bear Points
1)When comparing Q1 20' vs. Q1 19', there was a decrease in sales in all segments (Compute, Mobile, Storage, and Embedded) of the revenue. Total revenue was down ~35%
2) Outlook for Q2 2020(EPS of $0.35 +- $0.06) is still lower than Q2 2019 (EPS of $1.42).
Bull Solo Points
1)MU beat earnings and revenue!
2) The company is working on projects for the future, Upgraded version of their current products + the purchase of new AI Company will help them work with AI customer needs.
3) The company has a strong shareholder return, buying shares every quarter with Annual free cash flow + buying back senior convertible note to reduce dilution count.
4) Balance Sheet is looking good! It has more cash than the total debt, which is always a great thing. Continuously paying down its debt.
5) Analyst Estimate Future EPS and revenue is growing for the next two years. Giving MU Forward P/E ratio of about ~11, If this is the bottom, then these are great numbers.
$SPY $AMD $SOXL
Fundamental Analysis YEXT Earnings YEXTCheck my profile for more info!
For my latest stock, I took a look at YEXT Earnings $YEXT Stock
YEXT is a software company the helps companies provide Perfect Answers, Straight From the Source to their customers.
Darth Bear Points
1)They have negative EPS. Since the company is growing, they are using their money for sales to collect even more customers.
2) The company has negative cash flow from operations, so if not careful, it can burn off its cash.
Bull Solo Points
1) Revenue growth has seen ~30% Y/Y for almost every quarter, also seeing Gross Profit increasing!
2) Strong Balance Sheet, Cash & Equ can pay off almost all their total liabilities.
3) A current ratio above 1, current assets > current liabilities means this company is not going to have a hard time continuing its business for the short term.
4) Debt to equity ratio ~1.28, not the best number, but it almost has a 1to1 ratio. The company is not overly leveraged at the moment.
*Analyst project a continuation of 30% Revenue growth for next year.
BTC - MY LAST ANALYSIS It's probably my last chart on TradingView. I just don't like publishing anymore. It's taking too much time and energy and because I'm doing all this free, I can't do this anymore.
Let's stick to Bitcoin! The bull run is started. Astrology and planets confirm this too. I'm waiting for a pullback. It may happen, may not! Now we have a LL in 4H:
So we have signs of weakness in the chart.
Buy zone: 7382 - 6864
The most wonderful buying zone will be the red zone. If we reach there, it's just perfect.
REMEMBER THAT THE PRICE MUST HOLD 6800. IT"S OUR STOP LOSS.
Use these 3 charts for Gann time analysis:
Also, remember the 20 March 2020 date in 1D and 1W chart. It's a planetary line.
My advice to all my good friends is to learn Price Action (not bullshit candlestick patterns), learn Gann and financial Astrology and don't expect to reach the constant profit bellow 3 years of HARD WORK in trading JOB (not a playing toy).
I'm always accessible in Telegram: @Avesta_Gharib
Good luck and peace.
Bitcoin Buy and Sell SetupVery simple idea. Price is forming Falling Wedge pattern, so we can breakout to upside before touching $6800 support zone. I am looking at
Sell target 1 — $7200-7300
Sell target 2 — $7500-7600
Sell target 3 — $7700-7800
In current rage I will keep small position sizes and buying it near
Buy target 1 — $6850-6750
Buy target 2 — $6700-6600
For now, at this buy zones, I expect rebound to higher resistance near $8000-8100.
Stay profitable.
This is Artemcrypto
GBPCHF - Excellent investment opportunityThe pair is standing near the price level (1.2360) and trying to hit the yearly low near (1.2290), then can try (50:50%) to cross the low of the year 2017 near (1.2105).
My view per to the both Weekly & Monthly Charts, this is a very good zone and excellent opportunity to buy GBPCHF for a long term period.
Trading Plan for the coming days includes the entries and targets is available on NAJJAR INVEST - Markets Forecast