AMX +++ LONGAMX
AMX is going up!
1st Objetive up to +19,00
Then 2nd objetive +23,00 to +26,00
MACD and RSI on our side!
High resistance point reached, now we go up!
Great for 1st objetive +12,37 to +19,00 means +53,59% in USD.
Have a Nice Day!
Invest
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
Long AAPL 4H
AAPL has an bullish rising pennant.
AAPL also has broken the 40 day EMA.
Strong Rising trendline support.
Broken dotted downward trendline
TP : $310.00
Medium term prospect
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.
Long S&P 500 - Strong Monthly Trendline
- Bullish 40 EMA
- Strong Daily Trendline
- Next Target : All Time High
Medium Term
For more signals check out my telegram channel : otforex
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.
I give signals daily on my telegram channel : otforex if you would like to receive more of my signals.
Please leave a comment on my idea - Let's build a stronger Trading Community
Long NAS100 4HThe Nasdaq 100 have started to recover when it hit a strong support trendline. Other bullish indicators is :
1. Upward channel
2. Broken 40 EMA dotted line
3. Broken short term 40 EMA
Trading has financial risk - always use Risk Management
Long term setup
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 AUDJPY 4H1. Overall Bullish direction
2. Above 40 EMA
3. Broke rectangle and retested.
TP Target 71.120
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)
Sell EURNZD 4HSell EURNZD 4H
1. Support turns into resistance at 1.82772
2. Below the 40 EMA and 100 EMA
3. Broken short term trendline
4. Target 1 :1.78000
5. Target 2 :1.75500
Always use proper Risk Management when entering a trade !
Long OXY DailyOXY have clearly felt the effect of the cut in oil prices as well with the Corona virus. OXY has broken the short term trendline on the daily chart.
Target 1 : $20
Target 2 : $38
Target 3 : $60
Market crashes turn into favorable investment opportunities for value investors.
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
is it the best time to buy British Pound ?Great British Pound is currently trading around 1.2880 , which is our buy zone, will possibly retest november 2019 low before continue going upward.
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.
