PACS GROUPPACS GROUP
One of the stocks identified in the IBD 50 index.
This is a a recent IPO.
A first long leg show an gain of 83%
A recent consolidation with higher lows and volatility contraction (VCP).
Entry 1: 39
Entry 2: 41
Entry 3: on breakout: 42
Stop loss: 37.86 (1 ATR = 0.5% of the capital)
The idea is to build a position step/step, manage the risk of portfolio, the stop loss shall be raised up after Entry 2, Entry 3, to keep a risk around 0.5% of the capital equal to 1 Average True range (ATR)
Conclusion: looks correct opportunity, to be followed up for a possible trade to build up.
Nasdq
A brutal movement in the price action of FORD
During my thorough analysis of FORD's 4-hour price action, an intriguing revelation emerged: a hidden bullish divergence, a distinct pattern that warrants attention. This intriguing phenomenon is characterized by the following indicator values:
- A price of $11.29 accompanied by a Relative Strength Index (RSI) of 38.96.
- Another price point at $11.99 coupled with an RSI reading of 18.84.
The RSI was more oversold at 11.99 $ then it was at 11.29 $ indicating that this was an overall uptrend and we now that if something is oversold, it should continue up and there you have your confirmation for your uptrend continuation making this a good place to enter.
Also please note that I would usually use the RSI on a 1H time frame to find these divergences, but here we have been able to detect them on a higher time frame such as the 4H which means that this is a more higher and accurate signal compared to the other regular one which makes these a more confident trade!
US500 WEEKLY ANALYSIS Next week we will see a break in resistance to continue to Supply Zone or a rejection of the price for a reversal to demand zone
Nasdaq Breakdown Analysis 12/04/2023Dear traders Nasdaq was so crazy today it tried to escape from any zone so I expect Nasdaq if he breaks above 13023 and close bullish you should look for buy and if he breaks below 12955 and close bearish you should look for sell we should all be careful tomorrow we have billon cpi and. Fed so don’t go crazy
Take the good chance and good luck
NASDQAre we looking to bearish market continue?!
lets see how price will react after reaching the mounted levels of Fibo and previous support line
Its a great chance to take it, only if you manage your risk ratio.
NAS100 possible bullish move!Currency Pair : NAS100
Possible direction : Bullish
Technical Analysis : Price has broken out of the resistance level after grabbing strong liquidity from the support level. Currently price testing the previous resistance turned support and upon rejection, price may continue to rise the weekly 61.8% fib level.
Possible trade recommendation : Bullish as per sketch
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S&P500: Rising Wedge, SIgn of Potential Stock Crash Ahead?Hello Fellow Global Investor/Trader, Here's a Technical outlook on S&P500!
Chart Perspective
S&P500 rebounded on the bearish trendline. Furthermore, The index has broken out of the rising wedge pattern, indicating a potential bearish bias ahead. The momentum indicator also confirmed the possible bearish bias by forming the death cross. Therefore, we conclude there is possible downside movement to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the S&P500"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
SPX 500 LOOKS BULLISH MAKET LOOKS PURE BULL 4200 IS MONTHLY TARGET
options price will move more volatile
Long NAS100There is a bullish divergence indication by Awesome oscillator and there are multiple rejection at a crucial support area from where the price has bounced before. So this clearly indicates end of the down trend. So you can go long on NAS100 and set target at the recent POI ( point of interest ).
Long Position on AppleLooking on the 2 hour time frame, Apple stock moved above the 50 MA indicating bullish momentum. Furthermore, the MACD indicator is above 0 showing indeed upside momentum. Therefore, based on Fibonacci Retracement, traders may look for a long position with 2 take profits at 0.61 and 0.78 Fibonacci Levels:
Entry Price: $156.05
1^Target price: $160.54
2^Target price: $164.31
Stop loss at $153.73
NASDAQ BUY IDEANASDAQ Just broke the trading line on pretty much all time frames and price is looking forward to keep the new uptrend or at least an strong momentum
US100 NASDQI went short at 14530 weekly Pivot and daily take profit zone with SL above 1480.
I expect USD to straighten on FED rate hike expectations and riskoff to continue.
I don't believe in in deescalation of Ukraine Russia tensions units that were withdrawn were too far from the border to begin with. Sometimes when the RU MoD says withdrawal what you get is redeployment. Not seeing other formations withdraw so I wouldn’t assume anything at this stage.