RUSH.A and RUSH.B - Acquisitions in the works.Quick technical analysis on Rush Enterprises. This is a consumer cyclical trucking dealership. They are very dominant in this market space and currently in the process of acquiring 30 more locations. This is a good long-term portfolio addition. Because of the acquisitions coming in play, this could also lead to a quick short term profit as well for the swing traders. You can always add this to your watchlist and just keep an ion it for now, or choose to invest at its current stage. Always assess your own risk tolerance before getting into any sort of trade or investment.
Investmentidea
CHZ/USDT - potential 146% movementHello Traders!
CHZ showed weakness in the summer altcoin rally so the current correction on the market gives excellent entry points.
Entry can be observed in two ranges :
1) from the current between $0.3175 - $0.3475
2) in case of correction continuation $0.2475 - $0.2800.
Stop-loss can be placed under the $0.2000 price level.
The targets for continuation of ascending movement by levels:
$0,4040
$0,4700
$0,5450
$0,6900
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
BTC/USDT - potential 40% setupHello Traders!
After exiting the May-July flat movement in the $31000 - $40900 range, BTC continued its uptrend.
Between $51000 - $52000 a seller reaction followed, after which the price returned to the trading range of $44200 - $46800.
At the moment the asset is under selling pressure. Buyers are pushing the price and keeping it near the support level of $44200.
Mid-term purchases can be planned based on expectations of a continuation of correction.
The first part in the range of $42500 - $44200.
The second part in the range of $39800 - $40900
Stop-loss shall be placed under the price level of $36500
Price levels would be buy targets
$51500
$55000
$57600
$59600
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ZRX/USDT - Potential 90% setup Hello Traders!
ZRX price is consolidating in the range of $1.04 - $1.16
On the daily timeframe, MA100 is in support, RSI indicator is in the bullish zone.
Volumetric and cluster analysis shows an increase in demand from buyers.
Buy entry can be looked for in two ranges:
1) At current levels of $1.04 - $1.16
2) In case of correction at $0.82 - $0.94.
It is important to consider risk management and always keep some funds for correction.
Stop-loss shall be placed under the $0.75 price level.
Targets for ascending price movement:
$ 1,28
$ 1,61
$ 1,92
$ 2,20
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
QTUM/USDT - potential 156% setupHello Traders!
QTUM went into an uptrend after the correction.
On the daily timeframe, MA100 acts as support. RSI is in the bullish zone.
It is possible to look for buying on a correction. The position is better to gain in two parts:
The first is in the $11.20 to $12.90 range.
The second part in the range of $8.60 - $10.37
Stop-loss when price gets under the $6.45 level.
The targets for purchases will be:
$18,50
$22,00
$26,70
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Chargepoint ( CHPT ) buy idea (long term)So I have been looking at Chargepoint for a while now and I think that it could be a good buy at this price. I am going to go in a little to see what the price does at this point and when I get to see a good rejection on the support zone I will add to the position. This is a trade idea for my longer term investment portfolio so I am not looking to get in and out fast on this trade. The overall data that we get from the company also looks good and I think that this company does has some more room to grow in the next 5 years.
If we go get to see a break of the support zone I will wait to add to my position and see what the price does. Either it goes down to the next support level and I but more there or it goes down a little and then goes up. if the last thing happens then I will be adding to my position when it crosses this support zone you can see on the chart.
Please let me know in the comments what you think of this and feel free to share your idea and view on this company.
If you like the idea don't forget to give it a like then.
Going to keep you updated in this trade when I feel it is needed. If we get a boring few weeks then there is no point of doing a weekly update. If you want an update on this stock at any point you can also sent me a message and I will answer that as soon as I can.
XLM/USDT - mid term investment idea - 140%+Hello, traders!
XLM price has returned to the values of late May/June of this year. The MA100 on the daily timeframe acts as support.
Cluster and Volume analysis show growing interest in the asset from the buyers
It is possible to seek purchases in the medium and long term in case of a correction in the following ranges:
The first part of the position: $0.314 - $0.363
Second part of position: $0.241 - $0.287.
Stop-loss in case of fixing under the $0.210 price level.
It is possible to fix profit in parts in the following ranges
$0,437 - $0,470
$0,655 - $0,690
$0,740 - $0,780
The ratio of risk to profit above 4.00 👌
P.S This is an educational analysis that shall not be considered a financial advice
ETH/USD - midterm investment setup
Hello, Traders
Buyers managed to keep the price in the range of $1740 - $1960.
Later on, growth began based on the news about the "London" hard fork. The essence of this hard fork is the launch of a deflationary model, where part of ETH, which is used to pay commissions, will be burned.
Like Bitcoin, the technical picture of the pair has improved during the last two weeks. MA100 at the daily and 12H timeframes is supporting the price, while the RSI indicator is in the bullish zone.
Cluster and volume analysis shows large purchases in the range of $2200 - $2400.
The growth with minimal pullbacks always ends with a correction, after which it is possible to connect to the purchases.
The position is best formed in several parts :
The main part in the range of $2140 - $2390.
The second part in case of a bullish correction within the range of $2455 - $2625
The third for the case of a deep correction in the range of $1960 - $2040
Stop-loss can be placed under the level of $1845
The targets for such purchases will be price levels of
$3200
$3590
$3800
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
AKRO/USDT - potential midterm investment Hello, traders!
The price of the asset has been accumulating for more than two months in the range of $0.0152 - $0.0274
At the current moment, there is a retest of the upper border of the range - the level of $0.0274
Volumetric and cluster analysis shows an increase in the number of purchases. Large purchases are between $0.021 - $0.026
The Bitcoin correction will serve as a trigger for the correction of the whole market. In this case, it will be possible to comfortably gain a position on the instrument with less risk.
The position can be taken in two parts:
The first one is in the range of $0.0192 - $0.0212.
The second one is within the range of $0.0220 - $0.0232.
Stop-loss can be placed under the $0.0152 level
Target prices for purchases will be
$0,0365
$0,0400
$0,0435
$0,0490
Fixing profits is an integral part of the trading process.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
PHILIPCARBON BLACK - Portfolio stockenter only above supply zone close.
or if it falls from supply zone, enter near 252 levels.
High strengh stock.
Can give good returns in the near future.
Buy SCHNEIDER ELECTRIC for 1-3 years
Bullish golden crossover of 50VWMA and 200SMA indicating bullish potential upside.
Also, a 3-year old base breakout has already occurred and price is currently hovering just above breakout level (between 120-125)
RSI also confirming base breakout.
ADX marking a fresh 5 YEAR HIGH!
Potential targets are 188.15 and then 219-226.
Stop loss can be kept at 97.45
Thus Risk/Reward ratio is favourable at 2.43 and 3.89 (for both targets mentioned above respectively)
NOTE: All the above analysis is based on weekly charts.
OMG/USDT - Longterm investment ideaHello, traders!
OMG has gone through two business cycles in the span of a year.
Currently, the price has returned to the $2.56-$4.09 range from which previous business cycles started.
As part of a long term investment, the first part of the position can be opened within the range of $2.56 - $3.39
In case of panic sell-off, you may open the second part of a position between $2.00 - $2.56
The size and level of stop-loss depends on your risk allocated in the current trade.
Target price levels would be
$5,48
$6,25
$6,94
$7,90
$8,78
$10,52
Good luck and watch out for the market.
P.S. This is an educational analysis that shall not be considered financial advice
PNB (daily) - Investment opportunityHIGH PROBABILITY of breaking OUT above this channel
and then BREAKING ABOVE the supply zone too
With a calculated risk of 20/22%, one can take-up a long position for approx. 40/50% gains in coming months (3 to 9 months)
it is a good investment opportunity (for me), do your own analysis
Thank you
7 Reasons Gold will continue to Grow (Updated) June 2021Hello Traders.
Here is THE XAUUSD UPDATE YOUVE BEEN WAITING FOR!
Here is my Previous Analysis on GOLD -
The economic data, the stock market, and businesses' actual health are completely out of sync. That is because the U.S. stock market is still sitting near its record high while enterprises are consistently forced to close. With the new variant of coronavirus, chances are that lawmakers are likely to keep their guards up entering the first quarter of 2021 and that they can reinstate more lockdowns.
Struggling businesses are more likely to file for more bankruptcies, and there are greater chances that it will create more shocks for the global economy. Such an event could once again help the gold price to move higher.
Something that is surely going to influence the gold price is the trend in the dollar index, which is determined by the Federal Reserve's monetary policy stance. According to the most recent Federal Reserve meeting, it was clear that the Fed is more optimistic about the economic recovery, and this made them upgrade the growth forecast for the U.S. economy.
As Mentioned Before in ( 23th January 2021 ) - I still Think the GOLD Price Will Reach All Time Highs in 2021 & 2022
Here Are the Reasons why I Say that -
7 Reasons Gold will continue to Grow
Correlation to Inflation
Certainly, during times of economic crisis, investors flock to gold . When the Great Recession hit, for example, gold prices rose. But gold was already rising until the beginning of 2008, That said, gold prices rose further, even as the economy recovered . Essentially that means, as more people buy gold , the price goes up, in line with demand. It also means there aren't any underlying "fundamentals" to the price of gold . If investors start flocking to gold , the price rises no matter what shape the economy is or what monetary policy might be. That doesn't mean that gold prices are completely random or the result of herd behavior. Some forces affect the supply of gold in the wider market, and gold is a worldwide commodity market, like oil or coffee .
Supply Factors
Unlike oil or coffee , however, gold isn't consumed. Almost all the gold ever mined is still around and more gold is being mined each day. If so, one would expect the price of gold to plummet over time, since there is more and more of it around. So, why doesn't it? Aside from the fact that the number of people who might want to buy it is constantly on the rise, jewelry and investment demand offer some clues. "It ends up in a drawer someplace." The gold in jewelry is effectively taken off the market for years at a time. Even though countries like India and China treat gold as a store of value, the people who buy it there don't regularly trade it (few pay for a washing machine by handing over a gold bracelet). Instead, jewelry demand tends to rise and fall with the price of gold . When prices are high, the demand for jewelry falls relative to investor demand.
Central Banks
Big market movers of gold prices are often central banks. In times when foreign exchange reserves are large, and the economy is humming along, a central bank will want to reduce the amount of gold it holds. That's because the gold is a dead asset—unlike bonds or even money in a deposit account, it generates no return. The problem for central banks is that this is precisely when the other investors out there aren't that interested in gold . Thus, a central bank is always on the wrong side of the trade, even though selling that gold is precisely what the bank is supposed to do. As a result, the price of gold falls. Central banks have tried to manage their gold sales in a cartel-like fashion, to avoid disrupting the market too much. Something called the Washington Agreement essentially states that the banks won't sell more than 400 metric tons in a year. It's not binding, as it's not a treaty; rather, it's more of a gentleman's agreement—but one that is in the interests of central banks, since unloading too much gold on the market at once would negatively affect their portfolios.
ETFs
Besides central banks, exchange-traded funds (ETFs)— which allow investors to buy into gold without buying mining stocks—are now major gold buyers and sellers. Both ETFs trade on the exchanges like stock and measure their holdings in ounces of gold . Still, these ETFs are designed to reflect the price of gold , not move it.
Portfolio Considerations
Speaking of portfolios, A good question for investors is what the rationale for buying gold is. As a hedge against inflation , it doesn't work well. However, seen as one piece of a larger portfolio, gold is a reasonable diversifier. It's simply important to recognize what it can and cannot do. In real terms, gold prices topped out in 1980, when the price of the metal hit nearly $2,000 per ounce (in 2014 dollars). Anyone who bought gold then has been losing money since. On the other hand, the investors who bought it in 1983 or 2005 would be happy selling now. It's also worth noting that the 'rules' of portfolio management apply to gold as well. The total number of gold ounces one holds should fluctuate with the price. If, for example, one wants 2% of the portfolio in gold , then it's necessary to sell when the price goes up and buy when it falls.
Retaining Value
One good thing about gold , is that the purchasing power of gold has stayed quite constant and largely unrelated to its current price.
The Bottom Line
If you're looking at gold prices, it's probably a good idea to look at Investing in GOLD Throughout Year 2021
I hope this was clear and informative for all of you, I wish you a good 2021!
Stay Safe!
Global Fx education
HDFCBANK - Good time to enter/pyramiding - Swing/InvestmentThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on weekly TF hence price may take few days to few weeks in order to reach the targets.
Trade Entry - Either above the high of breakout candle or on small pullbacks
Target and SL for both patterns are given in image.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.