Apple: Entry, Volume, Target, StopEntry: above 237.23
Volume: above 51.91M
Target: 250.84 area (this is an area, no guarantees, you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 237.24, 230.44 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Longtradeidea
AMZN Entry, Volume, Target, StopEntry: with price above 147.29
Volume: with volume greater than 63.87M
Target: 168.47 area (this is an area, you might consider existing early if price drops below a significant moving average such as the 20 or 50 EMA. You might also considering holding some portion of the trade longer as price closes above significant moving averages)
Stop: Depending on your risk tolerance; Based on an entry of 147.30, 142.00 gets you 4/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NVDA Entry, Volume, Target, StopEntry: with price above 505.48
Volume: with volume greater than 41.61M
Target: 590.09 area. this is an area, you might consider existing early if price drops below a significant moving average such as the 20 or 50 EMA. YoU might also considering holding some portion of the trade longer as price closes above significant moving averages.
Stop: Depending on your risk tolerance; Based on an entry of 505.49, 477.25 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Why I'm Going Long on ShopifyOn the weekly timeframe for NYSE:SHOP , I noticed four things immediately:
- A candle close above the bullish flag forming, indicator bullish momentum.
- NYSE:SHOP recently created swing highs at $53.70 and then broke it and bounced perfectly off of it showing that $53.70 is a KEY level.
- When price bounced off of $53.70, it was also at the 5 SMA, adding more confluence to my trade
- Lastly, I saw a divergence on the volume indicator, which is always a good sign of confluence for my trades.
Given these four reasons, I am bullish on NYSE:SHOP as of now.
Stop Loss / Take Profits
Stop loss:
The stop loss of this trade is set at $55.42, which is the most recent low.
Take Profits:
All of these take profits are set at levels that I felt were phycological levels.
My plan would be to scale out half of my position at TP1, 1/2 of the remaining position at TP2, and fully out at TP3
If TP3 is hit, this will be a 1:1.44 R:R trade.
Let me know what you think of this trade!
SMH Entry, Volume, Target, Stop
Entry: with price above 155.94
Volume: with volume greater than 6.58M
Target: 174.83 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 155.95, 146.50 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Happiest Mins - Positional TradeThe stock formed a Bullish Engulfing candle in the month of July 2022, since then the stock has been consolidating within its range i.e 813 - 1027 .
It's been 3.5 months and the stock has been moving in the said range, suggesting that it might be getting ready for a trending move.
Since the first candle (July 2022) is a big bullish candle, followed by consolidation, chances are high that we gonna probably see a trending move on the upside.
The current risk-reward also looks favorable for this positional trade.
CMP:992
Target 1200, 1300- 1350
Stop: Below 940 or 900 ( as per risk capacity)
Immediate support @ 955-944
Immediate resistance @ 1000-1015.
One can time trade on the basis of an hourly or daily chart.
Disclaimer : Trade at your own risk
GBPUSD possible UP move 15m+The price movement created a trendline at the retracements of the price to the downside. There's a slight liquidity zone just below it, so we are watching this area.
If 1.345 is taken out, then we're entering the liquidity zone below and will be looking for trades there.
In the meantime, keep calm and safe trading.
FALLING WEDGE BREAKOUT ON CAKEBUSDPossible long here at CMP or wait for a retracement on CAKEBUSD and then put a long order on CAKEBUSD, price made a breakout on the falling wedge pattern and RSI is above 50 on the 4h candle which also indicates bullish Momentum. If you need more confirmation before entering the trade you can wait until it breaks the 200MA and then enter the trade.
Cheers !!!!
HDFC LIFE : Pullback tradeThe stock looks great, we could see a trendline breakout with a decisive candle with good volume.
Though the stock did not see a good momentum movement post-breakout.
Now if it sustains 660 levels, chances are that it might be moving towards 720 initially and then towards 750 levels.
Trade type: Positional
PLTR long swing trade ideaOn hourly chart, there is clear bullish falling wedge. Objective entrance when it breaks out of bulling falling wedge. If it gaps up, maybe take a small position in case it rips, but otherwise add on when it back test the wedge. Oversold reading on RSI and divergent low additionally increase odds in favor of bounce here. $31.18 is a solid support. Probably set a stop somewhat below depending on your target.
Have a good trade everyone,
T.
DABUR - Time to BounceThe Trendline breakout has been seen on the dabur intra charts and the said breakout is followed by the trendline retest.
The Trendline which was earlier working as resistance are now supposed to be working as support.
The said trenline support is aligned with the harmonic cypher pattern support@ 460 levels.
This is small risk trade with a stop at 452 levels, with a initial target of 475 and 490 levels.