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FTM breakout - the $1 is inevitable - shortermFTM just broke the trendline with a retest after a beautiful inverse head & shoulders. I think now we're going to see the 3rd elliot wave, which is in most cases the biggest impulse, according to the Elliot Wave Theory. In a related post I said previously that FTM would very much likely explode, and that $0.22 was a great level to go long (see my related ideas). But in case you've missed it here's another stop before the dollar mark. I know I should have probably made this post earlier: it was clear even at $0.30 back in March, that a long position was still valid and it was a great opportunity to fill the bag. I've opened a long at 0.22 cents and my targets are HKEX:5 and $9. Will FTM go literally off the chart? The answer is brighter each day. ------------------------- DYOR
Long
by Zerkaalo
ENPH: Energize Your Investments with a Leading Solar CompanyOne key factor that makes ENPH an attractive investment opportunity is the rapid growth of the solar energy market. According to a report by the International Energy Agency, solar power is expected to become the largest source of electricity by 2035, with a projected compound annual growth rate (CAGR) of 18% from 2020 to 2025. As a leading provider of energy management systems, ENPH is well-positioned to benefit from this trend. In addition, ENPH has a strong financial position. The company has consistently posted strong revenue growth over the past few years, with a revenue CAGR of 50.4% and 67.8% from 2015 to 2020. Furthermore, the company has a solid balance sheet with no long-term debt and a healthy cash reserve. This financial stability puts ENPH in a strong position to weather any potential economic downturns or market volatility. Finally, ENPH has a strong track record of innovation and product development. The company has a robust research and development program and has consistently introduced new and innovative products to the market. This positions ENPH to stay ahead of its competitors and to maintain its position as a leader in the solar energy industry. In summary, ENPH is a strong investment opportunity due to its position in the growing solar energy market, strong financial position, and track record of innovation and product development.
NASDAQ:ENPH
by CAPFINEX
Continuation Wedge (Bullish) | 46% move possibleDirexion Daily Technology Bear 3x Shares forms bullish "Continuation Wedge" chart pattern "Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Technology Bear 3x Shares (TECS:NYSE). This bullish signal indicates that the stock price may rise from the close of $22.4 to the range of $31.00 - $33.00. The pattern formed over 17 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
AMEX:TECSLong
by moneytalkstome
Continuation Wedge (Bullish) | 37% move possibleDirexion Daily Dow Jones Internet Bear 3X Shares forms bullish "Continuation Wedge" chart pattern "Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS:NYSE). This bullish signal indicates that the stock price may rise from the close of $20.30 to the range of $27.00 - $28.50. The pattern formed over 15 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
AMEX:WEBSLong
by moneytalkstome
Megaphone Bottom | 9% move possibleiShares China Large-Cap ETF forms bullish "Megaphone Bottom" chart pattern "Megaphone Bottom" chart pattern formed on iShares China Large-Cap ETF (FXI:NYSE). This bullish signal indicates that the stock price may rise from the close of $29.91 to the range of $32.10 - $32.60. The pattern formed over 26 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The recent broadening action tells us that trading has been out of control, but a breakout on the upside suggests we're starting a more decisive uptrend. With its broadening price swings, the Megaphone represents a market that's unstable and out of control. It typically consists of two successively higher highs between three lower lows, and the reversal signal occurs when the price breaks up above the second peak (the highest high) as a sign of a more decisive bullish move.
AMEX:FXILong
by moneytalkstome
Head and Shoulders Bottom | 12% move possibleiShares Silver Trust forms bullish "Head and Shoulders Bottom" chart pattern "Head and Shoulders Bottom" chart pattern formed on iShares Silver Trust (SLV:NYSE). This bullish signal indicates that the stock price may rise from the close of $21.94 to the range of $24.10 - $24.60. The pattern formed over 35 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend. The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline (drawn between the two highs) to confirm the reversal.
AMEX:SLVLong
by moneytalkstome
Symmetrical Continuation Triangle (Bullish) | 18% move possibleiShares MSCI Europe Financials ETF forms bullish "Symmetrical Continuation Triangle" chart pattern "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on iShares MSCI Europe Financials ETF (EUFN:NASDAQ). This bullish signal indicates that the stock price may rise from the close of $18.44 to the range of $20.90 - $21.50. The pattern formed over 17 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend.
NASDAQ:EUFNLong
by moneytalkstome
Continuation Wedge (Bullish) | 40% move possibleUnited States Natural Gas Fund LP forms bullish "Continuation Wedge" chart pattern "Continuation Wedge (Bullish)" chart pattern formed on United States Natural Gas Fund LP (UNG:NYSE). This bullish signal indicates that the stock price may rise from the close of $6.90 to the range of $9.20 - $9.70. The pattern formed over 18 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
AMEX:UNGLong
by moneytalkstome
4
FRR May Explode Soon!Hi Traders. This is my personal opinion about FRR and Don't Use It As A Financial Advice. Based On Many Reasons, I believe FRR Will Experience A Sharp And Huge Upward Move Soon. Targets : 0.00016 0.0025 1- As You Can See In The Chart Below, It Touches The 1.618 Trend-Based Fib Extension With The Most Huge Volume That Ever Recorded For FRR. 0.0001 IS Also Known As A Psychological Support Level Too. Seeing Such A Huge Volume Exactly On the 1.618 Level, Is A Sign of a Possible Reversal Move. 2- Obviously, It's Forming a Great Bullish Rsi divergence in The Weekly Timeframe That Could Be Another Sign For This Possible Upward Move. 3- Believe it Or Not, There is An Unwritten Rule About The Ichimoku. The Price Always have desire to Go Back And Touch ( Fill ) The V Shaped Tenkan-Sen Or Even Kijun-sen! Mark My Word. As you Can See In The chart below, There Is a V Shaped Tenkan-Sen That Needs To Get Filled On The 0.0025 soon Or Later. 4- In The Fib channel Below, The Price Is On the Middle Of This channel And As You May Know, The Middle ( 1.5 Fib Level ) Is Always Consider As a Support. If It Breaks, The Next Target For The Fall Would Be 2 Fib Level Which is Around 0.00004-0.00005 And It's The Mega support. 5- Keep It simple Guys! The N Shape Classic Patterns Must Complete! The Downward Move is Going to End And The Corrective Wave Must be Formed. The corrective Wave is The Upward And The Last Part of This N Classic Pattern! 6- Look At The Reverted Chart. obviously It's On a Strong Resistance! If It Was the Right chart, You Would Buy it at This Level in Hope of a Break-Out And Think That It Goes For Fly To The Moon And Never Stops?! Think about that... 7- If You Look Into The Community of This Shit-coin, You Can See Everyone is Screaming And Crying and Make Rumors And Nonsense! This is Another sign that The Bottom Is Forming Or We are Very Close To it! Anyway, Until FRR Is Below This Main Resistance in Daily Timeframe, The Trend Will Remain Downward. In Order To Reverse The Trend into a Sweet Long-Term Upward Move, It Needs To Break This Main Resistance. Any short-Term Upward Move will Consider As Just a Corrective Wave and The Trend Will Remain descending. Once Again, This Was Not a Financial Advice And Do your Own Research, Specially For such a Shit-Coin That Could Get Delisted From Exchanges At Any Moment!
FLong
by Trading-Mechanics
3