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Krispy Cream Donut Weekly God Candle Has me lookingHi guys. Always on the lookout for major changes/shifts or Macro signals. Yesterdays 40% increase in Krispy Cream Donuts, has me taking a look into this one. This analysis is on the 1 week. Note, the current candle is not yet confirmed. Weekly close is obviously on fridays. I have highlighted 2 zones. COnsolidation range and a Supply zone. We do need to pay attention to these 2 ranges. BEcause atleast from previous history the supply zone is a resistance zone and thus a sell area. We would need decisive candle closes ABOVE for multi weeks for me to gain confidence that it has flipped to Demand or Support. Same goes for breaking out of the consolidation range. More info is needed such as confirmation. But nevertheless, What had me looking DNUT's way, was candle moving past the major resistance trendline that has haunted us since the stock being traded publically. I would like to note on the weekly timeframe, confirmations have not come in yet, and until proven otherwise it can be a fakeout and can always come back into the consolidation zone. AGAIN, End of week will give us better information. But it does not take away the fact that DNUT is moving. And atleast for now, DEMAND exists. VOLUME needs to follow with continued increase. Things to note in our indicators: RSI, breaking a major trend by signaling a higher high. But again end of week will clarify this. If it prints, i see it as a positive sign. STOCH RSI - crossing bullish with is almost above 20 lvl. This indicates possibility of momentum coming in to support an uptrend. MACD - Has Bullish cross, however we need to see whether or not we can get ABOVE 0 lvl. This would indicate a high probability for a sustainable uptrend. Being that this weeks candle has not yet closed. It is absolutely important to continue to observe. But DNUT has made it to my watchlist for sure. Is Krispy Cream Donuts, the Donut for me and you? Well time will tell. LOL. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on MINAUSD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:DNUTLong
by SafofAllTrades
20
Nike Monumental Macro TA FindingsHi guys! This is a look into Monumental MACRO developments occuring in Nike stock market structure, some of which are happening for the 1st time in history. For this reason and in my opinion, its a very important time to keep eyes on Price action. The aim is to briefly go over what those developments are and what it may mean for NIKE's Current market trend. Hopefully providing insights for investors. For this analysis, we are looking at Hieken Ashi candles on the 6 month timeframe. Note that: Our current candle will close in January 2024. So it has alot of room to change by the time the candle closes. Ive chosen Hieken Ashi candles to provide clarity in patterns of trend that occured in Nike's History. Our major development is that we have broken down BELOW and confirmed resistance against our MAJOR MAJOR Historical Support Trendline for all of Nike's Market History. This is the 1st time we have ever done this. It warrents caution as this signifies Major Trend Change, perhaps even macro trend reversal. While we were above the Spport line, we knew that everytime we came down we would atleast test that line. Now that we are BELOW it, we need price to find the next support. Currently ive highlighted by a Black Support Trendline, that very support area. We've maintained support since January 2020. This line coincides with another black line that marks Resistance. When combining these 2 black lines, we have ourselves a Symmetrical Triangle. That is very likely to play out sooner or later. If we are able to break above it, it may be probable for us to get back ABOVE the MAJOR SUPPORT Orange line, continuing our Uptrend. If we break below, further declines will occur. Further supporting the idea of a Major Trend Reversal. We are also currently at 4 Red candles in a row. If you notice previous history, 4 in a row has happened only 1 other time. July 83 to Jan 85. And also notice that the 3rd candle of the sequence indicated market bottom with the 4th candle printing a higher low. Can that be the case for us now? Maybe but things in the past don't have to repeat. Being inside of the symmetrical triangle, 4 red candles in a row would warrant me to NOT take any investment positions. In my opinion, if we break out on the upside of the symmetrical triangle and preferably get back above "Orange support line", would i consider taking positions. I think as of now however, we are at best more likely to either move in a range/ sideways or see further declines as the worst case. Why i think this, is because of the STOCH RSI. Notice how we are below the 20 level with a bearish cross/signal. The last time we did this, we were in here for multiple years which led to moving in a range for many years before continuing to make all time highs. Within range our, price dropped from the top about 67% to bottom of the range. If we continue the previous pattern, the same is likely. Hypothetically, we can also drop 60% to $70.00 level, which is a support area. For that to not happen we would need a BULLISH cross ABOVE the 20 level. Also notice the RSI, we are currently at the lowest level in all of NIKE history. We are also in an RSI range that coincides with sideways or range bound action. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on ETSY in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:NKE
by SafofAllTrades
HOW TO TRADE SILVER 101Hi friends it's been a tough week for silver. We can identify several factors that caused this; " * JP Morgan bank accused of fraud in the metals markets * A dollar price that corrected the downward trend * The older brother (GOLD) who retraced from his ATH. " So what can we expect within a month? As you can see in the chart, the price touched the support level and returned to the main uptrend. Let's expect high volatility due to the elections and always follow the main trend. Stay tuned to my profile for more updates.
OANDA:XAGUSDLong
by TheBrokerOff
1