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LendingTree, IncOn the above 10-day chart price action has corrected 95% since the sell signal in early 2018 around 380 dollars. A number of reasons now exist to have a long position, including: 1) You know why.. 2) RSI resistance breakout. 3) Multiple oscillators print positive divergence with price action. More or less all of them. 4) No stock splits. 5) Some other things, will say elsewhere. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: investment Risk: <=6% of portfolio Timeframe:1 month, no rush. Return: no idea Stop loss: will say elsewhere
NASDAQ:TREELong
by without_worries
6
RealReal, Inc.On the above bi-weekly chart price action has corrected over 90% since the sell signal (not shown) at $30. Now is an excellent long moment. Why? 1) A strong buy signal (not shown). 2) Price action and RSI resistance breakouts. 3) Bullish divergence. Multiple oscillators are printing positive divergence with price action. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: investment Risk: <=6% of portfolio Timeframe: Don’t know. Return: Don’t know Stop loss: <= 90 cents
NASDAQ:REALLong
by without_worries
5
Reddit increasing value; Indicators showing strength After a dowward movement since July 15th, we got a support and a change direction in early August, however during several days, the price oscillates making a rectangle. The price cross over the rectangle resistance before FED cut interest rates. The price went long and we can confirm with volume that transaction are rising. At the moment the price are in an important resistance, nevertheless this time, MACD is above 0, and ADX is crossing DMI- with DMI+ already in a long direction. It can be a cautious entry, by just waiting for a strong bullish candle, or be more agressive and take the opportunity from the indicator
NYSE:RDDTLong
by AFCapital21
7 cents to $4 in 7000% move for NKN?On the above 11 day chart price action has corrected 95% since early 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support on past resistance. Look left. 3) Bullish divergence. Multiple oscillators print positive divergence with price action across a 55 day period. 4) The Bull flag. The support on past resistance confirms the flag pattern. A repeat of the impulsive move in 2021 will take price action to the $4 area with a 7000% return. Is it possible price action corrects further from 95%? Sure. Sellers love it. Is it probable? No. Ww Type: trade Risk: You decide Timeframe for long: This month Return: 7000%
Long
by without_worries
21
Worse places to be than long AUD/JPY if risk is rallyingIf we’re about to see investor risk appetite improve markedly, there are worse trades to have on than long AUD/JPY. It’s had a strong bounce today, helped initially by rising US bonds yields propelling USD/JPY higher before another bumper Australian jobs report reinforced the view the RBA may not need to cut interest rates this year. The bounce from 96.223 has seen the pair break through the downtrend dating back to the record highs in July. With momentum indicators providing bullish signals, upside looks far easier than downside near-term. With only minor resistance at 97.621 and the 50-day moving average in between, a retest of the important 200-day moving average may be on the cards. Ideally, it would have been nice to have caught the initial leg higher as Asian trade got underway. You can still go long here with a tight stop below the uptrend it’s been bouncing off since Monday, but a better long setup would be to either wait for a potential pullback towards 96.223, allowing for a stop to be placed below for protection. If no reversal arrives, you could wait to see whether the price can pierce 97.621, providing the opportunity to buy the break with a stop below for protection. From a fundamental perspective, one risk is the BOJ rate decision on Friday. Even though no move is expected, and that markets are already priced for more modest rate increases over the next 12 months, traders have been super-sensitive to signs of BOJ hawkishness recently. That could spark a reversal but it should not come as a surprise. Good luck! DS
Long
by FOREXcom
Inverse Head & Shoulders Pattern Signals Bullish Breakout Ahead!Current Price: 141.683 Currency Pair: USDJPY Time Frame : 1H This USD/JPY 1-hour chart shows a clear Inverse Head and Shoulders pattern, indicating a potential bullish reversal. The neckline at 141.014 has been broken, and price is now in a retest zone. A successful bounce from this area could drive the price toward the next target at 143.724, aligning with key resistance. The RSI at 58.75 suggests room for further upward movement without being overbought. However, if the retest fails, it could be due to a weak bullish momentum or increased selling pressure, pushing the price below the neckline and invalidating the reversal. In this case, the next significant support level is at 139.675. Despite this risk, the bullish scenario remains more likely.
by SpicyPips
3
$SPY September 18, 2024AMEX:SPY September 18, 2024 15 Minutes AMEX:SPY managed to make an ATH at 566.57. Now for the rise 539.95 to 566.57 it is important to hold 560. Below that weakness can be seen for a target 554 +-1 levels. So shorting is not worth. If AMEX:SPY manages to hold 563-566 levels, we can see 574 +- as a target for the longs. A retracement is on cards due to oscillator divergence. or a sideways moment between 560-566 levels. On a daily level, if AMEX:SPY consolidated between 556-566 levels i expect 574 as initial target. Again. Not the time for shorts for me.
AMEX:SPYLong
by RiderTrader
9
$BTC Massive Move In Anticipation of 50 Bps Rate Cut!Massive 6% move up today for Bitcoin in anticipation for a 50 bps rate cut tomorrow. CRYPTOCAP:BTC smashed through the 50D MA and back into the BMSB. However don’t be fooled; we are still very much in a downtrend as you see the 50MA is well below the 200MA. We could see price break through the BMSB and reject from the 200MA in the next 48 hours. There’s still a lot of liquidity <$50k that needs to be claimed for the next leg up. Either way, I would not be trading leverage here. Expect massive volatility.
by jonnieking
20
USD/JPY may squeeze if Fed delivers dovish disappointmentUSD/JPY looms as a prime squeeze candidate should the Fed disappoint on extremely dovish market pricing, not only likely to benefit from the probable uplift in US bond yields but also recent shifts in market positioning. USD/JPY staged a decent reversal on Monday after slicing through the Dec 28 low of 140.273, printing a hammer candle on the daily. With RSI (14) nearing oversold territory and breaking the downtrend it’s been in since the start of September, directional risks may be shifting. I’m not rushing into a long trade just yet, but I am keen to see whether the price holds above 140.273 today. If it does, longs could be established with a stop around 139.60 for protection. Make sure you keep positioning front of mind given how volatile the pair has been recently. 143.63 looms as a suitable trade target with only minor resistance at 141.73 located in between. Good luck! DS
Editors' picks
Long
by FOREXcom
11
Not chasing silver higher given Fed may disappoint Silver looks bullish, breaking through downtrend resistance last Friday with ease as traders ramped up Fed rate cuts bets. However, with over 120 basis points priced in 2024, that leaves silver vulnerable to a reversal should the Fed not deliver on those expectations. Therefore, rather than buy the break, I’d rather see what the Fed does before entering a trade. Should the price move back towards support between 30.157 and former downtrend, it will provide a decent level to build setups around. If the zone were to hold, you could buy with a stop below the downtrend targeting $31.754 or multi-year high of $32.50 set in May. Alternatively, if it were to reverse through the zone, you could sell with a stop above the downtrend for protection. Potential targets include the 50DMA or $27.71. Momentum remains higher with RSI (14) and MACD generating bullish signals. However, from a fundamental perspective, if US yields push higher before or after the Fed, it may lead to a stronger dollar and renewed headwinds for silver. Good luck! DS
FOREXCOM:XAGUSD_PER_0.01
by FOREXcom
SOL Analysis — Potential for Further Downside?Solana (SOL) is showing several signals of a further correction. After SOL bounced from its core support level at $125, the price was rejected at the EMA 200. Currently, SOL is trading below all significant exponential moving averages (EMA). Typically, this is an explicit confirmation of a downtrend. Even worse, the Stochastic RSI is in overbought territory. Plus, the K-line has crossed below the D-line—a typical signal for a potential downside move. The Facts Summarized: EMA 200 rejection: SOL attempted to break above the EMA 200 but was swiftly rejected. Overbought Stochastic RSI: The overbought conditions suggest the momentum might be cooling off. Downtrend: SOL continues to trade below its EMAs, confirming the bearish structure. However, even in case of a move to the downside, the 125-level should serve as an essential support. A Sign Of Hope — BTC! While the signals for SOL are mainly bearish, it’s essential to keep an eye on Bitcoin (unsurprisingly). If BTC continues its upward momentum early next week, this could invalidate the bearish setup for SOL and spark a new push upward. The next few days will be crucial to watch.
Short
by ben_walther
1