Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:1.
Stop loss can be Trail when it make new box above.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Moving Averages
XLK Crossover IdeaAMEX:XLK
Standard crossover idea:
Buying at open so long as we open or push above yesterdays close.
Looking at an Oct contract
Oct18 215c for roughly 9.7 (I'll try to buy at the mid)
Using the ATR of 5.7 -
SL: 215.89 (just below YLOD and 100d SMA)
TP1: 227.37 resistance
TP2: 232.17 supply zone test
TP3: 238.12 ATH's test
Max Date: Market open of 9/25/24
**As always, if targets are not met by max date, I will exit full no matter the p/l.
Also keep in mind that there are certainly more catalysts ahead next week with the rate decision.
ES (S&P 500 Futures) continue with the UptrendOn ES (S&P 500 Futures) , it's nice to see a strong buying reaction at the price 5570.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Trader Dale
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.
Meta Re-Enters UptrendMeta experienced a rapid rise and fall during August. After recently retesting its Daily 55 EMA, it has re-entered an uptrend as defined by the stacked moving averages.
Traders looking to gain long exposure to tech, communications, or even Meta itself will likely find the $520-$525 range as a decent area to enter.
The trade becomes invalid if Meta breaks its 55 EMA, which also coincides with the $500 psychological level. First target is near its all time highs at $542. This opportunity presents a trader with an initial r multiple of roughly 1, with the potential for further upside gains.
Meta Re-Enters UptrendMeta experienced a rapid rise and fall during August. After recently retesting its Daily 55 EMA, it has re-entered an uptrend as defined by the stacked moving averages.
Traders looking to gain long exposure to tech, communications, or even Meta itself will likely find the $520-$525 range as a decent area to enter.
The trade becomes invalid if Meta breaks its 55 EMA, which also coincides with the $500 psychological level. First target is near its all time highs at $542. This opportunity presents a trader with an initial r multiple of roughly 1, with the potential for further upside gains.
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.
It 50 SMA Rising. 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
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.
It 50 SMA Rising. 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
SEI (The Last Dip Before 10x) - UpdateNYSE:SEI update 🔴💨
According to my previous analysis, #SEI is still in a bearish phase.
As long as it's below $0.4181, I expect a sudden bearish drop.
I hope I get an entry between $0.1825 : $0.1325, as I think it would be among the top performers in the coming run.
#SEI_TO_SEVEN
Bullish Cup and Handle Pattern with Strong Momentum IndicatorsThis technical study relies on weekly timeframe observations, highlighting key technical patterns and volume dynamics that suggest a bullish outlook. As of today’s date (9:26pmAST), the 24-hour long volume stands at $28.59B, underscoring significant long interest in the market. With precise data from the weekly chart, the confluence of multiple bullish indicators suggests the potential for a retest or breakout beyond the all-time high.
Analysis:
Cup and Handle Formation : The first significant observation is the development of a classic Cup and Handle pattern, widely regarded as a bullish continuation pattern. This pattern, forming over a prolonged period, indicates a consolidation phase followed by potential upward momentum. The handle represents a minor retracement, which often precedes a breakout to the upside.
Parallel Channel and Key Levels : Starting from the previous peak at 73,777, a parallel channel has been drawn down to the recent bottom at 52,550. This channel defines the current price action, showing a well-respected range within which the price has oscillated. The recent price action has been bouncing within the lower bounds of this channel, signaling that the market may be gearing up for a decisive move. The current trajectory suggests that if momentum continues, we could see a breakout of this channel, potentially pushing the price back toward the all-time high.
EMA Support and Price Action : Another critical factor is the price's bounce off the 50-day Exponential Moving Average (EMA), which serves as a key support level. Historically, the 50-day EMA is a strong indicator of trend direction, and the recent bounce suggests renewed buying pressure. This move reinforces the bullish outlook and could indicate a sustained push toward breaking or retesting the all-time high.
With the formation of the Cup and Handle pattern, the support from the 50-day EMA, and the market respecting the parallel channel, all signals point to a potential bullish breakout. The current long volume of $28.59B adds further confirmation of buying interest, aligning with the technical patterns that favor upside potential.