Monolithic Power | MPWR | Long at $580.00Monolithic Power $NASDAQ:MPWR. If the semiconductor market continues to get attention in connection with AI, there may be a bounce here near $580.00 as NASDAQ:MPWR enters my historical simple moving average area. However, a further dip into the high $400s wouldn't surprise me (tax harvesting season is in session) and doesn't change the thesis as long as the overall trend continues to stay positive. While NASDAQ:MPWR is a strong company with growth predictions on the horizon, it has a 65x P/E, 46x price-to-cash flow, lots of insider selling, and some near-term concern if the economy shows weakness. From a technical analysis perspective, though, it's in an area of opportunity as long as semis stay a "hot" investment. Thus, at $580.00, NASDAQ:MPWR is in a personal buy zone.
Target #1 = $690.00
Target #2 = $745.00
Target #3 = $825.00
Target #4 = $908.00
Moving Averages
52 Week High Breakout - Positional Trade - Long TermDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
52 Week Breakout. Stock has Crossed 52 week High. Keep in watch list. Buy above the high. Suitable for Positional Trade. Stop loss & Target Shown on Chart. Stop loss Trail by 30 SMA. Exit if Price Close below 30 SMA on Weekly Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
MY EURAUD SHORT IDEA 24/11/2024NOTE: THIS IS JUST A TRADE IDEA WHICH I MAY OR MAY NOT TAKE DEPENDING ON THE OPPORTUNITY PRESENTED, PRICE ACTION, AND ECONOMIC EVENTS THAT MAY HAPPEN. PLEASE DO YOUR OWN RESEARCH!
If text is glitchy please use this link
regal-marlin-2d3.notion.site
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President Question Template:
1. Why do you want to trade at the first place?
2. Did you take into account the current market condition, data, high impact news and what’s going on?
3. Even if you made your FA few weeks ago, you **MUST** keep on track and update it time to time.
4. Don’t just have a bias from four weeks ago and execute a trade today based on that you had four weeks ago.
So it all started looking at www.myfxbook.com and I looked at the heatmap where it showed bearish in all time frames for EURAUD especially in the Monthly.
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This gave me an idea to start shorting the currency. I looked at the chart and what I found is every economic event and data is bearish for the EURO. To support my claim you can see see that there there are many events happening on the chart and every event is putting pressure on the price.
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Now it is very important for me to take into account what James says here.
www.elitetraders.io
> **EURO
Macroeconomic Factors:**
>
>
> Eurozone growth remains sluggish, with subdued inflation limiting the European Central Bank’s (ECB) ability to pivot hawkishly. Trade challenges persist, especially with the potential for US tariffs on European goods.
>
>
>
> **Key Drivers:Wage Growth:**
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> Higher-than-expected wage growth in Germany provides mixed signals for inflation.
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>
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> **Geopolitical Risks:**
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> Ongoing trade tensions with the US and challenges in the energy sector weigh on sentiment.
>
>
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> **Outlook:Short-term:**
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> Limited upside amid weak macro data and geopolitical concerns.
>
>
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> **Medium-term:**
>
> Gradual recovery if energy prices stabilize and ECB policies support growth.
>
>
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> **Long-term:**
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> Structural reforms and green transition initiatives could underpin stronger growth.
>
> AUD
> **Macroeconomic Factors:**
>
> Declining energy prices and a weaker Australian-US interest rate spread have pressured the AUD. Domestic growth concerns persist, with a softening labor market and mixed performance in commodity exports.
>
>
>
> **Key Drivers:Monetary Policy:**
>
> The Reserve Bank of Australia (RBA) remains cautious, with markets pricing in a lower probability of rate hikes compared to peers.
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>
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> **Commodities:**
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> Iron ore, a key export, faces headwinds from reduced demand in China, while the broad commodity complex shows mixed signals.
>
>
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> **Outlook:Short-term (Next Week):**
>
> A slight rebound may occur if risk sentiment stabilizes globally, but volatility remains tied to Chinese economic data.
>
>
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> **Medium-term (Months Ahead):**
>
> Modest appreciation expected if China's stimulus measures translate into higher demand for Australian exports.
>
>
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> **Long-term (2025):**
>
> Structural improvements in trade balances and diversification in export markets could support AUD recovery.
>
According to what James has said, AUD will face some volatility in the next week for the short term according to risk sentiment stability and Chinese economic data. In the Medium term it depends on China’s stimulus measures which could translate into higher demand for Australian exports. As for EURO there are many weak macro data and geopolitical concerns with fear of US tariff on Euro. Euro must find good recovery in Energy prices in order for it to stabilize.
Sentiment:
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COT DATA
EUR:
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AUD:
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So according to the sentiment data, we can see clearly that retail traders are favoring longing the position probably due to past price action where it bounces off of the price level 1.60425 and create a support zone. But even if hypothetically there is a support zone this zone is most likely about to get invalidated. Price is below 200 EMA signaling a bearish price action for the EURAUD and we can see lower lows on the RSI. As for the COT and SMART money we can notice that they are buying AUD and selling the EURO due to negative economic status on the EURO.
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Order book is showing 37 ASKS position vs 24 at the 1.62 zone. Signaling more Sell positions are present at that level giving a solid resistance zone.
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Calendar:
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AUD CPI expected to be 2.5% by WED NOV 27 which is BULLISH especially if the number is higher than 2.5%.
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EUR German Prelim CPI m/M
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We can notice that that inflation is cooling down.
Correlations:
I noticed negative correlation with AUDUSD and AUDCAD but there is also a positive correlation with EURJPY.
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USD/JPY ShortUSD/JPY price action has been in an ascending channel since September, but it's losing the bullish momentum. It needs to do a solid break above the red trendline to go to the next resistance at 155.95. If the price is not able to breakout, it will break the ascending channel and will go to the next support at 153.390. Then if the Daily 21-EMA is not able to hold the price, the next target will be 152.61.
Stanley Black & Decker | SWK | Long at $85.00Stanley Black and Decker NYSE:SWK breached my selected historical simple moving average and may likely be forming an upward channel into an overall positive reversal. It's "obeying" the simple moving average lines so far, with a nice bounce off the base at $85. Earnings and cash flow are expected to grow into 2026, but caution should be used if the economy slows further... It currently has a dividend yield of 3.74%. While I wouldn't be surprised if the price dipped to close out the price gap in the low $80s, NYSE:SWK is in a personal buy zone at $85.00.
Target #1 = $100
Target #2 = $114
Target #3 = $125
Target #4 = $137
popcat longSince the price has reached the support trendline and the 26-day Ichimoku cloud is green, we know that support is in place and we will see a 46% gain over the 7- or 8-day period.
So buy at the same price (1.490) or lower and after a week sell at 2.10 or higher.
*Definitely limit the loss in price
Put 1.35 to manage risk
Be successful and positive.
SRSISRSI was our friend will it be our friend again? Notice the white vertical lines on the chart when the SRSI made a bullish cross over into the blue range above 20 levels we had some very pleasant positive price action. Now, once again we are above the 200 EMA and it seems we may have another bullish SRSI cross over (caution todays candle did not print yet). Also, we are in the 80 RSI levels those levels can bring price reversals please be very alert and careful.
Have a great day
Bitcoin Nears $100,000 as China Clarifies Personal Crypto RightsBitcoin, the world's largest cryptocurrency, has been on a tear, recently surpassing the $99,000 mark. This surge has been fueled by a combination of factors, including increased institutional adoption, favorable regulatory developments, and growing global economic uncertainty.
China's Crypto Clarity
One of the most significant developments for the cryptocurrency market has been China's clarification of its stance on personal crypto ownership. While the country has imposed strict regulations on cryptocurrency trading and mining, it has clarified that individuals are allowed to hold cryptocurrencies for personal use. This regulatory clarity has boosted investor confidence and could potentially lead to increased adoption of cryptocurrencies in China, the world's second-largest economy.
Institutional Adoption Continues to Grow
Institutional investors, such as hedge funds, pension funds, and corporations, have been increasingly investing in Bitcoin and other cryptocurrencies. This growing institutional interest has provided significant support to the market and has helped to drive the price of Bitcoin higher.
Global Economic Uncertainty
The ongoing global economic uncertainty, including rising inflation, geopolitical tensions, and the potential for a recession, has led investors to seek alternative assets. Bitcoin, as a decentralized and inflation-resistant asset, has become an attractive investment option for many.
Technical Analysis: A Bullish Outlook
Technical analysis of Bitcoin's price chart suggests that the cryptocurrency is in a strong uptrend. The recent breakout above the $99,000 level has further strengthened the bullish sentiment. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are signaling1 bullish momentum.
On-Chain Data Points to Further Upside
On-chain data, which analyzes the behavior of Bitcoin on the blockchain, provides further insights into the potential for future price appreciation. Metrics like the MVRV Z-Score, NUPL, and Puell Multiple suggest that Bitcoin is not overbought and has significant room to grow.
Challenges and Risks
While the outlook for Bitcoin remains bullish, it is important to acknowledge the risks and challenges associated with investing in cryptocurrencies. These include:
• Market Volatility: The cryptocurrency market is highly volatile, and Bitcoin's price can fluctuate significantly in a short period.
• Regulatory Uncertainty: Changes in regulations can impact the price of Bitcoin and other cryptocurrencies.
• Security Risks: Cryptocurrencies are vulnerable to hacking attacks and other security threats.
• Technical Issues: Technical issues with the Bitcoin network could negatively impact its performance and price.
Conclusion
Bitcoin's recent surge to near $100,000 has been fueled by a combination of factors, including increased institutional adoption, favorable regulatory developments, and growing global economic uncertainty. While the future of Bitcoin remains uncertain, the current bullish sentiment and strong technical indicators suggest that the cryptocurrency could continue its upward trajectory. However, investors should approach Bitcoin with caution and be aware of the risks involved.
Cardano ADA - 200D SMA Bull Regime DetectionTo view script:
Understanding the chart
Bullish Regime:
The price is currently above the 200D SMA, indicating a bullish regime and a regime duration of 16 bars.
Strong Momentum:
Large distance from price to both SMAs (119.62% and 141.38%) suggests powerful upward momentum
Historical Price Action
Long Bear Market (2022-2023):
Extended period below 200 SMA
Multiple failed attempts to break above
Declining 200 SMA indicating strong bearish trend
Accumulation Phase (Mid-2023):
Price consolidated around 200 SMA
Reduced volatility
Built base for current move
Recent Breakout:
Clean break above 200D SMA
Sharp increase in volume and momentum
Gold Analysis==>>Contracting Triangle!!!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,688-$2,666) .
According to the Elliott wave theory , Gold has successfully completed microwave 4 with the help of a Contracting Triangle and is currently completing main wave 5 .
I expect Gold to go up at least as far as the Potential Reversal Zone(PRZ) [$2,679-$2,675 ] and the upper line of Bollinger Band and then correct .
Note: In previous posts, I told you that the Bollinger Bands indicator works well for gold in the 1-hour time frame.
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
$SPY November 22, 2024AMEX:SPY November 22, 2024
15 Minutes.
The gap up at open was managed will and 584 is still holding up good.
Now for the last rise 587.43 to 595.12 AMEX:SPY need to hold 590 today to continue uptrend in 15 minutes.
I will sell only when AMEX:SPY goes below 589 for 584-585 SL 590.5 for today.
The gap up made on 6th November is holding good and AMEX:SPY has taken multiple support last few days on top of gap. So far.
In 60 minutes 584-585 is a good support so far and is also 200 averages.
Having managed to attain 592-593 target, holding 590 i have a target 595 to 598 initially.
Nerdy | NRDY | Long at $0.84Nerdy NYSE:NRDY - a pure technical analysis and "insider buying" play. Gamble - nothing else. CEO and Director are grabbing millions of dollars' worth of shares under $1. Float: 66 million. Short interest: 8%. Historical simple moving average approaching price, which often leads to a jump (but this may take a while...). Delisting, bankruptcy, etc are absolutely possibilities, too...
Rolling the dice at $0.84.
Target #1 = $1.00
Target #2 = $1.25
Target #3 = $1.45
Death Cross and Bear Flag in Qualcomm?Qualcomm has drifted since the summer, and now the bears might be stepping in.
The first pattern on today’s chart is the sideways drift that began in August. Following declines in June and July, that series of slightly higher highs and higher lows may be viewed as a bearish flag. Recent moves below the range could also be interpreted as a breakdown.
Second is the $180.95 level where the chip stock closed before its July 31 earnings report. Prices tested and failed at that level after the last set of numbers two weeks ago. Is resistance taking shape?
Third, the 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA in late September. That may suggest QCOM’s longer-term trend is weakening.
Finally, our 2 MA Ratio custom script in lower study shows how the 8-day exponential moving average (EMA) has slipped below the 21-day EMA. That may suggest its shorter-term trend is also weakening.
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XIT LongRe entry on this ETF, Tech is doing what it does, for some reason XIT is out performing TEC and XQQ. I am thinking the Canadian tech market is being pulled up by the Crypto ETF's. Will trail SL as usual on weekly HK candles. Being cautions as it feels a little like a revenge trade due to being stopped out recently on this ticker.
Learn Mother, Father and small child theory and Parallel channelThis is an educational video explaining medium to long term analysis of Nifty for educational purpose through my Mother, Father and Small Child theory. I am also trying to explain what happens in the long run, also you will find insights of how to use and draw a parallel channel. I have also done an analysis of Nifty supports and resistances in the medium to long term. We are also trying to understand what can be the channel top in the long run. We are also trying to see how RSI works in brief. The attempt is to explain a lot of stuff in simple jargon free language in roughly 16 minute video so that you get lot of education. It is going to be a power packed 16 minutes once you watch it. Do not forget to like/ boost our video and subscribe our channel.
To learn Mother, Father and small child theory to the deeper extent and to learn about RSI do read my book: The Happy Candles Way to Wealth creation available on Amazon in Paperback and Kindle version. The book is also available on Google playbook in E-version.
Disclaimer: Purpose of the video is for education. Do not treat this as a buy or sell call on Nifty. I am just trying to teach / throw light on Mother, Father and small child theory in brief along with the use of parallel channel. Hindi and English both languages are used in the video for wider audience to understand the same.
SP500 Short trading opportunity(day-to-overnight-trading) 1I expect a drop of about 20+- points all the way down to 5295 from 5310+-
Stop Loss 5322+-, take profit is 5295+-.
I am risking nothing but if I had not traded today I would possibly have risked 1 unit of the Micro E-mini S&P 500 Index Futures (MES).
$SPY November 21, 2024AMEX:SPY November 21, 2024
15 Minutes.
AMEX:SPY had a retracement. managed to hold the recent low at 583.86.
Now we have HL pattern.
584 becomes important now.
So if today we are able to hold 584 short term uptrend intact.
SPy has fir target 592 levels being 200 averages in 15 minutes as resistance.
At the AMEX:SPY is above all moving averages except 200.
Gold - Wave 5, plus CCI and RSI confirmationAt the trough we had the RSI close to oversold, and we can say that CCI showed an oversold condition.
The CCI that measures the deviaton its smoothed with an 14-ma and adding the RSI above we have the market confirmation.
The candles formed three white soldiers that seems very strong.
We are in the beginning of wave 5 with the objective to go to a new high above wave 3.
Calling the ETHBTC bottomAs of writing this ETHBTC is trading at .4508
Current arena - Ethereum was once the future of finance, however other sybil friendly VC chains have front ran it on crypto's greatest value proposition of creating rug pulls with dogs on them.
Technicals - On a monthly timeframe ETHBTC has just completed it's first death cross . And has dumped front running this event.
Narratives - The new prominent narrative of "Liquidity will not find it's way out of the Bitcoin ETFs" convinces me this is the bottom. A rounded bottom or V shape is possible depending on narratives surrounding the ETFs.