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Momentumstrategy

LUV ~ Swing Trade LongSouthwest Airlines, helluva airline stock has taken a massive hit during this WideSpread Bear Market. Just recently LUV has seen further selloff to levels seen at the COVID Crash Bottom. Major Support is definitely coming in here, and Demand is heavy. Buyers are and will step in at these prices certainly as the company is not failing... yet lol. With this in mind, we can be assured, some support is definitely in place at these levels for LUV. Now to the Real Technicals... - Bit of a Diamond Pattern forming, and it is breaking toward the upside. - Retested the 9 ema cloud just today, resulting in a solid healthy pullback following this zone break upwards. - TTM_Squeeze signaling Bearish Momentum Fading on the Daily, Weekly, and coming Monthly. - Candle over Candle, with the retest 10/17 (today) - Relatively strong in the markets past few weeks, discluding today. - Could see a little bit of an inverse H&S action if you look close enough! Cons : Earnings 10/27 can get in the way of this Technicals-Focused Swing Trade If we dont get break above, this could be printing a clear Bear flag... Otherwise, a good play to the downside!! Thesis : A break of 33.4 area could be explosive up to the previous zone area of the higher $30s Long > 33.4 line break Options Swing far out could be the play here or shares. **Just for putting on your radar, I think the setup is nice!**
NYSE:LUVLong
by ZachSap
EURAUD End of Day StrategyIntroducing an End of Day (EOD) strategy that can cut down the amount of time spent at the charts. The indicators look complicated and anyone who says you should aspire to naked charts is correct. However, for this strategy, automating the process as much as possible lends itself to having some filters, triggers, etc. Managing the trade is done manually and two positions are initiated at the start of the trade. With an EOD strat, you don't necessarily need to worry about the fundamentals that happened during the day, as all of the news is priced into the last candle that closed. I would stress that selling low to buy lower and buying high to sell higher is the aim of this strat and that you should be aware of previous swing highs and lows.
Short
by Macrobriefing
DXY - US Dollar Collapsing!!!?The DXY tracking the USD Currency is currently taking a massive hit while stocks surge on CPI data. Generally, the DXY tends to move inversely with the Stock Market overall and is a good place to find resistance and support levels that are hidden in the Stock Market. (As DXY Finds support, stocks hit resistance; vice versa) Recently the US Dollar Index has taken a massive hit after a yearlong nonstop Rally. For the First time, DXY Is breaking down thru major moving averages carrying the move this year. The Dollar is finally seeing a larger size pullback. We are diving in to the technicals here and seeing what may be in store next for the DXY Technicals : We have 3 major things in the chart outlined here. - A 2 Month Long Flag the Chart was printing, that just broke below out of. - 2 Different Trendlines from earlier this year, drawing the runup up. We just broke all 3 of these in one day. A Retest of the Lighter Yellow Trendline did occur today, as you can see we got a wick-up & a rejection from the level, sending the stock market higher on CPI data. Looking for further retests are key here, and whether or not the market rejects or the dollar retakes these levels. Overall This Breakdown looks very bearish, and looking for retests seems to be the play. Momentum : Daily : Bearish Momentum Extending, possibly overextended. Weekly + Monthly : Bullish Momentum from 2021 finally fading, and showing signs of a flip to bearish Momentum (TTM_SQUEEZE) Thesis : bearish & looking for retests and sideways action after a drastic move. Similar applies to the TNX and other Treasury Yield-tracking ETFS
TVC:DXYShort
by ZachSap
MSTR: Bottoming action to prepare swing tradesMSTR would benefit from a stock split. It is pricey for today's market conditions. It is showing improvement in its trend. The resistance above the high range is short-term and moderate. This would more likely be a swing style trade based on the runs and trend. There was a Dark Pool buy zone over the formation of the bottom. This can be a precursor for upside momentum. Because of the current price range, it has room to run with momentum, however Risk Analysis is a factor.
NASDAQ:MSTRLong
by MarthaStokesCMT-TechniTrader
1
Bitcoin is reaching a critical stateLooking at the chart analysis, you can see a few things: 1. The Bollinger bands' upper and lower boundaries are squeezing, which likely means a big move is happening. If the price goes over the basis, it will most likely break upwards, while if the price continues being under the basis, then it will most likely break downwards. 2. The “Descending triangle” that has been forming since past month is coming to an end. 3. Bitcoin's volume has been decreasing ever since the descending triangle formed. Due to these occurrences, Bitcoin is about to finally change its direction, and maybe end the sideways motion it had since August. This in turn will change the direction of the Crypto market. This is not investing advice, and I will respect everybody's opinion. Feel free to say what you think about this study. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by lorinstocksinvesting
2
RCON - Start of a 1000% Bagger or a dud??RCON has been on my radar ever since its 1000%+ Rally in Late 2020 & into 2021. Recon Technology Ltd. is a technology / hardware company based in China. RCON is pretty much a micro-cap company, but can offer a huge run-up. RCON has gained my attention recently as it has done a few things. 1) Daily Breakout over 9-21 ema clouds (first time since March '22) 2) Seasonality ~ RCON Tends to heat up during Late-Year to early Year of the following year! 3) TTM_Squeeze on Daily, Weekly & Monthly All signaling oversold, and bullish momentum incoming 4) RCON loves to do huge 1000%+ Runs Weekly Ema Tests are coming soon and this stock could go absolutely parabolic. I am not posting this for you to buy in this idea.. I am posting this for the idea for you to keep! This should be on your radar, and I felt like I should share it, as its possibilities. Thesis : RCON Breaks some levels, thing could go parabolic. I am not in yet, and I will be patient, but putting an amount I feel comfortable losing could be a smart idea on this Risky Investment idea.
NASDAQ:RCONLong
by ZachSap
2
TESLA ~ MONTHLY Chart Bearish!!!Tesla, an absolute beast of a company, an investors dream stock to have been holding the last few years, and one that everyone wants in their portfolio. Tesla has actually help up surprisingly well in this Bear Market thus far. Tesla has outperformed many other beaten down tech stocks with soaring growth in deliveries, and revenue. Tesla has solid fundamentals, but is definitely still priced at its future growth projections rather than its current value… which most of us already know. Tesla did recently miss on deliveries, but that’s not what we’re diving in to today. Today we’re diving In to the Technicals of Tesla, and what the monthly chart may be indicating for the stocks’ future. TSLA has quite the bearish monthly chart in my opinion. We are seeing a head and shoulders on the monthly including a shooting star candle for the month of September, possibly signaling a bearish reversal from its recent month rally. Added on to the Head & Shoulders pattern we are witnessing, the TTM-SQUEEZE momentum indicator is signaling a momentum shift from bulls to bears. The first time on TSLA monthly chart since Summer 2019… showing Tesla may need a breather anyways. There is no better time for the breather on TSLA than now in my opinion. I think a medium/large downshift has been waiting on the stock, and now is perfect time for this to occur. All technicals are leading to this, bearish momentum, the shooting star candlestick, and the monthly head and shoulders. Overall my thesis is bearish on TSLA, we will probably be seeing a test of the trend line / neckline for the Head & Shoulders in the coming days or weeks. A break below that could result in seeing a dump to support area of $165, and lower to early pandemic levels. Thesis : Short Tesla thru Technicals, and buy the crash. Long term thesis : Tesla is a 5 star company, and a crash would be bought up fast and aggressively. Price Targets : (NeckLine), $165 area, $110 area, $65 area
NASDAQ:TSLAShort
by ZachSap
2