If you didn't know which company this was, would you buy?Would you buy purely on the technicals not knowing what stock this is? It's tempting!
Looking at a long-term monthly chart over a 30+ year time frame you can see each time RSI reached the 32.6 level this stock has bottomed. The large time frame over which this has been observed strengthens my confidence that this could be yet another bottoming for this stock.
The last four instances dividend yield has peaked above the current 7.88% annual dividend yield, this has also corresponded with a major bottom for this stock.
On a weekly frequency, the MACD MAs have been establishing a series of higher lows further confirming a long-term bottom is forming.
Lastly, the 200 Monthly EMA has been a strong support line over this 30+ year time frame. It looks as if the 200 EMA has held once again and price is now working it's way up of this support area.
From a purely technical perspective, I would buy this stock. Even if this stocks hovers sideways along its 200 Monthly EMA there is a nearly 8% dividend to collect.
With all that said, I do think this is a controversial stock but I think there's a compelling fundamental story too. Gross margin % and operating margin % have been steadily increasing over this long time period. There are also new frontiers (such as cannabis $CRON) which have the potential to be profitable investments in the long-run. However, Juul is an example that hasn't worked out well and resulted in losses for the company. The company currently trades at 9.41 full-year forecasted earnings and price-to-sales ratio of 3.85.
I still think this is an opportune time to get in at cheap valuations supported by technicals meanwhile collecting a large and sustainable dividend.
Macd-h
GBP/NZD Trading idea (Short term Short)Hey everyone, really short trade. I think we have finished a full wave and are beginning to head down to atleast the .382 retracement of the full wave.
Not much to say besides this. Check my chart to see what I am thinking. Triple rsi top on the 2 hour followed by bearish divergence.
If you have any questions, let me know in the comments or on my twitter. Have a nice day.
AMD Short TERM Trading opportunityHi everyone, as always I am back, for another late night T.A. It gets me pretty excited to think about what is going to happen this month. So many stocks are near very pivotal resistances or supports and it truly is a great time to be alive. Speaking of pivotal points, I hope you all saw that Apple had a HUGE spike up last week, along with my long time favourite, AMD. I have always had an extremely bearish outlook on AMD, as you can tell from my past posts, but I think I am finally becoming an AMD bull, atleast for the time being ;). For now though, check out my T.A as to why I think this.
Elliottwave Analysis: The elliottwave analysis for this stock has taken me so long to figure out. I attempted to figure it out yesterday but I was seriously unable too. There is just so many possibilities, and measuring out the ratios seemed so challenging, but I have figured it out. Something that helped me choose my wave count, was that I would always compare the fibonacci ratios, and if the ratios seemed weird at the tops and bottoms of different waves, I would look at a different count. For example, if the wave 3 stopped at a 1.414 extension, I would immediately choose a different count, since that is such an awkward extension for a wave 3. So the wave count right now, is that we are in a larger cycles wave c of the wave 5. We have already finished wave 1, which is easy to see on the 15 minute and are headed up. How far up? Well< I am assuming that we are on our way to the 85-87 price target. This is because, it is a 0.764 extension of the wave a-b of wave 5, but it is also the 0.764 extension of the wave 1-3-4. Because these ratios align so perfectly, I am more incline to think that the wave c will hit somewhere here as opposed to the 0.618 or the 1:1 extension. In addition to this, on the 15 minute I have charted out what I suppose to be the wave count for the wave c of the wave 5, and using the wave 1 provided, I figured that the end of the wave, will hit the 3.618 extension of wave one, which also happens to be the 85 dollar range. Because of this large cluster of fibonacci extensions, I strongly believe that this is where we're headed. And if I am wrong, we will know right away, since I am setting the stop at the prior swing low (75.33). So that concludes the elliott wave analysis
Moving average analysis: The moving average analysis is telling me that we are also headed up. On the 15 minute, we have rested along the 55 ema for quite sometime, leading me to think we are going to be leaping off of it soon. On higher time frames, I am a bit weary, since we have no support except for the 13 ema on the 2 hour, which isn't that comforting.
RSI Analysis: The Rsi for this chart is really interesting. On the 15 minute we see some very strong bullish divergence and on the 1 hour, we see that the RSI keeps hitting incredibly high levels, but is also seeing a lot higher lows each and every time. This continues up on everytime frame until the daily. We are constantly seeing higher price action and higher rsi highs and lows. This is a really strong sign that we will continue to head upwards.
MACD analysis: On the MACD we are seeing that a move upwards is definitely on the way. On the 15 minute, we are hovering just below the zeroline reversal, but the positive ticking rsi leads me to believe it is another leap upwards for this week.
On the one hour, it is kinda bearish, since we have seen a bearish cross. Although, on the daily, we are continuing our exponential move upwards, which leads me to believe that we aren't headed down just yet.
All in all, it will be an exciting week for AMD. I am expecting that we hit the 85-87$ range which is a 10% return on your trade. In addition to this, the risk is only 2.64% or the 75.33. This is roughly a 4:1 risk to reward which is beautiful. I'll keep you posted as the trading week continues, and let you know if I am exiting the trade early or I am riding this wave even higher. Best of luck trading, and I hope you have a great long weekend.
Bitcoin ForecastD1 - After the bullish trend pattern we had a correction in the form of consolidation.
Currently, the price has broken above this consolidation and is holding above it.
H4 - We had a correction in the form of double wave down, bullish divergence, most recent downtrend line breakout.
H1 - Bullish trend pattern, expecting the price to continue further higher.
In addition to this, the MACD has ticked to the positive side in all the three timeframes (D1, H4 and H1) which we may consider as an evidence of bullish pressure.
Note: You can find the MACD complete guide here: vladimirribakov.com
INVERSE HEAD & SHOULDERS - NEW HIGHER LOWSGood afternoon everyone.
We've broken the downtrend since June 1st and have swept some of the highs.
I'd still like to see 9800 but if we start showing signs of bearish signals I'd look to build a short position. This can easily blast through 9600's once we break this resistance around 9575 zone. If bulls fail at doing that a retracement will be mandatory before continuation.
Spending the day watching video's and reading.
Enjoy your day & stick to your trading plan.
Buy setup - LNKHere is a buy setup in LNK we have a bullish falling wedge which price has broken out of, also broken above the 20MA on daily timeframe and MACD signalling an entry
my profit target is 4.75 stop loss would be a daily close below the 20 MA
Entry in the 0.618% of Fibonacci!!! Sell SignalHello guys, in this updated of this technical analysis for Saturday, we see that Bitcoin is in the important zone to entry in short position and earn money with Bitcoin. Well, the price on entry is around of $9,170 USD, the SL is $9,250 USD and finally our target profit if $8,966 USD. I invest 0.04 BTC lots in my trading plattforms. Important to you is always analyze in H4 and entry in H1 timeframe, I dont recall for you to analyze H1 because H1 is not a stable timeframe to analyze, H4 for me is the best for analysis if you're swing trader o Day Trader. Also, I add a important message because I have an alert of updates of some chartist pattern in formation in weekly that you need to know.
Look in Daily, I mark this green zone because it's work as strong support, if you see, we are into the simetric triangle in general, that don't have any direction of the market, but that yes have is to make prepared in both worlds because Bitcoin could to break up or break down, but I have a evidence of that is respald for me to make prepare. Look this green zone, as Bitcoin was rejection 2 times, there are a possibl formation of any armonic pattern hiding of this technical analysis, also that is not a tripple bottom, but yes a possible formation of armonic pattern to follow in our trend. Now, there are a possibility that Bitcoin if make a rejection of $9,000 USD that mean that there are a buyers demand to broke up the descending channel, we can to entry in buy until the $9,650 USD as target profit, because Bitcoin need to complete this simetric triangle. Also, in the RSI there are a formation of lower low of this indicator, that mean a possible go back up the price.
And finally, in weekly this is the scenario that we are here, in this simetric triangle, also, this is not neccesary that Bitcoin go to broke down, but when we see this chartist pattern, that could be a possible bull continuation of above of $10,000 USD, if in case to broke up, in case that broke down, we can see another drop, and also, stock market is the mix of what Bitcoin do. That indicator is so important to know in our mind. But as reference, MACD show a possible sell zone and weakness of buyers, so possible bear are soon to drop the price.
Modified MACD backtestToday I took the data from "Bunch of Numbers" and gave them different weight values with 7's having the most weight. I then took the formula and made it the "source" for the MACD inputs. This is the result from a super simple "short when = long, and long when = short" spam strategy. The MACD now behaves like a binary switch that turns on and off.
Shoulder Head Shoulder inverted in formation!!!Hello guys, in this technical analysis EUR/GBP is have a possibility a Shoulder Head Shoulder inverted in H4 timeframe.
In Daily we continue so bullish for mid-term and long-term in EUR/GBP
in H4 we are with 2 indicators that are overbought and that mean a possible drop of the price, so both indicators RSI and MACD are overbought, specially MACD show a possible sell signal in EUR/GBP.
Also, in H1 we have the same situatin and we mark 2 candlestick, we have a bear Doji and the formation in H4 a good entry in short in the candlestick if you entry in H1 timeframe. Also, in H1 timeframe in the higher lower we will having a candlestick a bearish hammer and that mean that price is weak!!!
So, more later I will going to add in the discussion the fundamentals to take in noticed in this par EUR/GBP.
EURUSD LongMy overall bias on EU today would be long.
Trend line is holding nicely.
There has just been a cross over on the Stoch and RSI is looking very bullish.
MACD also bullish.
Not the best time to buy now but after a reversal (off or close to the trend line) would be a good time to get in.
On a fundamental front this week Monday was a read day for the USD and for the EUR is wasn't so positive.
Today we've seen some bad data come out of the EUR which tells me we might be seeing price drop soon.
There is still quite a lot f data to come out of the US today and we will see how that holds but as for now pretty neutral on the fundamental front.
If I was to get into this one it would be based solely on the technical side of things.
Let me know your opinions.
Have a good week trading guys
Is this buy signal on 4hr Chart a trap? NOT ADVICE. DYOR.
Is this buy signal on 4hr Chart a trap? NOT ADVICE. DYOR.
CONSTRUCTION
Using triple MACD's based on high, low, and close. When all signal and MACD begin to switch to negative (open range) to when all negative (close range) = red box, and vice versa = green box.
Bitcoin has possibility to entry in sell off!!!
Well, in this technical analysis, we see a Bitcoin so bearish for long term, and this is a possibility that Bitcoin is starting to drop the price until the latest analysis that I show you, I add my latest technical analysis called: Special Analysis for Bitcoin that this week I prepared.
But, today we see using the price action that Bitcoin doesn't have force to continue up and it's a good and nice posiiton to put short until the 0.618% of Fibonacci, that is my 2nd target profit to pick up 4,000 pips in Bitcoin investing 0.058 BTC. I put my sell order limit at $9,111 USD and that is my zone to sell off. Remember if you going in Daily timeframe the trend is become so bearish than bullish, and also, we consider a long term so bearish until the $7,000 USD.
Also remember that I use 2 apps to opperate with Bitcoin, that is Quantfury and Prime XBT, that is my plattform that deposit Bitcoin and operate Bitcoin and also trade all kinds of markets.
GBPUSD ShortWhile looking through major pairs this morning this one stood out more than any other. A nice retest of support turned resistance (1.2491). EMAs have crossed over, RSI in below 50, MACD fast in under lagging and Stochastic just about to cross also. There is a slight divergence on the RSI to the 1hr chart. This could be a sign of a trend reversal.
LPG, MACD Histogram just turned positiveThis is a Bullish indicator signaling LPG's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 51 similar cases where LPG's MACD histogram became positive, and 42 of them led to successful outcomes. Odds of Success: 82%.
Confirmation of EUR/GBP: We go to long together!!!Hello guys, in this updated I want to make a following of this par, because I see that this par is was a little consolidate, but the expectative is so bullish for now, because we have other confirmation aditional that MACD and RSI it's form a bullish divergence too as price action in the same time. Also, you can get it this screenshoot
We are now entry in buy at this down side of this bullish channel, and the expectative is so bullish to find up a lot pips and the price it's can be to reach 0.9214, that is my target profit to find up 180 pips for the next week, this is a huge earns.
Special Analysis for Bitcoin: Is Bitcoin prepare for bull run?Hello guys, in this technical analysis I want to talk you about why Bitcoin is so prepare for bull run soon? Now, I selected the Weekly and Daily timeframe.
Now, in weekly we see a Bitcoin bearish for MACD and price action, but there are a lot doubts that respald that a drop what a much traders hope, it's can be fake drop and the price is can to prepare to go to break up the simetric triangle from 2017.
But for this information we need to see in Daily timeframe, that is the key what Bitcoin do.
But in Daily timeframe, we see a reality so different than Weekly, because Bitcoin is now into this bullish rising wedge in formation and find up the Elliot Wave D, to later go to drop for the E to find down, and later we proyect for Bitcoin so bullish scenario reaching at $11,500 USD. That is a possible target to see in few weeks. Also the MACD is show us a possible buy!!! Now, if I asking you about if this scenario it's could be to pass. Are you prepare for there? Now, in that case that this rising wedge fail and broke down, we can see a Bitcoin so bearish until the $7,000 USD again. But, the key is in Daily timeframe how we see the trend key, structure and condition for midterm.
This is a bullish divergenceWell, guys, in this updated of the techncial analysis we recomend firstly to closed up short position, So I earn 123 pips. Now, there are a possible buy zones, because for there:
www.tradingview.com
In H4 timeframe we can to identify a possible buy at the 0.618% of Fibonacci, and so, if you going in H1 or 30 minutes (scalping timeframe) also there show us a bullish divergence in the RSI or MACD, Also if you using the MACD + RSI that is a secure entry in long.
Also, as MACD there are a special to look up in MACD because we see that MACD is show us a bullish is now here than bearish, bearish is loss than bullish while volume of the MACD.
GBP/USD has a great opportunity for longerWell, in this technical analysis we have all news. Look: If you trade in H1 timeframe, I see a lot of bullish divergence what the price have force to continue up. So, it's basically important for us.
We have a large bullish rising wedge in H4 timeframe and it's so beautiful this chartist pattern. Now, there are a highly possibility to see a GBP so bullish in the next days, and now, fi you kept this position in long, I make sure you that you have all possibility for longer in this position only put in long posiiton. Because we are soon that GBP/USD is break up the rising wedge and we now completely the elliot wave correction E.
Now, making a see we appreciate an armonic pattern ABCD and that is an bullish indication + MACD bullish divergence.
Now, above of these screenshoot we see a nice structure so bullish for the next days that maybe it's could be extent from 1 week with few days to reach the $1.27 USD.
Also, I add 3 targets in the price label for see!!!
Now, as I make this operation in H4 timeframe I put a Target Profit near of 400 pips and a SL of 64 pips. Well my buy order limit is in the $1,2276 USD
Updates of EUR/GBP: That is all manipulationWhen I going to making the technical analysis, I see a bearish rising wedge, but this bearish risign wedge are the expectative what we hope so bearish of trend of trend, in that case we are int othe ascendent channel. But, this morning I see that we need to entry in short position because this zone what the price it, it's a manipulation and we don't to trust that we going to entry in buy or long position, institutiaonsl make that, it's important to me as fix to see what markets are invisible to become a visible to see it.
Well, if you see we idetify 3 bearish divergences:
1. price action
2. MACD
3. RSI
That divergence are hide and this is a signal or reversal of bear.
My best technical analysis is in H4 timeframe that is see better, well my objective of htis par is to find down 140 pips. But remember that in H4 we broke up this rising wedge, but eyes that is not a bullish, this candlestick in H4 are manipulation, but if you will see in H1 timeframe, it's a pure manipulation.
Now, today there are a fundamental that the technical analysis speak in our fundamentals analysis.
1. Coronavirus and Brexit continue to Dominate Pound to Euro
2. And obviously the news of German inflation picks up more than expected on service cost and it's making a Eurozone a disstrenghten of the leador Eurozone Economy and motor of this continent that is Germany.