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Necklinebreak

Short Coal India !!!!Good day, Hello Traders, Coal India is ready for a big downside as already completed the Head & Shoulders pattern now just waiting for the breakdown of the Neckline. Downside is evident. Good candidate for Short side. Time Frame: Weekly It also depends how market behaves. Chart Self Explanatory. Disclaimer: I am not SEBI registered analyst; this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions. If you really like the analysis, please do comments, LIKE and Follow me.
NSE:COALINDIAShort
by Piscean17th
3
TOST - Emerging from BaseTOST hit bottom 8.5 months ago on 12 May 2022 and began a 2 stage basing, lasting 3 and 5+ months respectively (pink and blue box shown on chart). During its basing, there were high volume accumulations on numerous occasions. Stage 2 basing occurred over 5.5 months with the stock whip-sawing around its 200 day moving average until the MA is no longer downward sloping but completely flat now (and ready to turn up...). Yesterday the stock finally pierced above the a critical neckline @ 22.50 and has remained above so far. The odds of this being a successful breakup is much greater now owing to the shift in overall market sentiment. An aggressive trader would enter on the breakof the neckline (Entry 1) with initial stop loss placed just below the most recent pivot low @20. The more conservative trader could wait until the uptrend is slightly more established and enter at #2. Watch out for earnings expected on 14 Feb. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:TOSTLong
by Juliac
ZYME - broke up from baseZYME peaked @ 59 in Jan2021 and had been generally on the downtrend since. It began to bottom around Feb 2022 (after a 90% plunge!) and had been consolidating in a sideway range until the 200 day MA began to come down and flatten out. Today it gapped strongly out of this range high of 9.28, a possible breakaway gap that will increase the odds of a valid breakout. However, the volume isn't too great at the moment hence the verdict's still out if it will soon retrace to retest neckline 2 (or even to close the gap in the worst case). Hence I will put the initial stop loss just underneath this gap @ about 8.5 The trend is in early days yet, could still be choppy until a stronger trend is apparent. Disclaimer: Just my 2 cents and not a trade advice. I may or may not enter into this trade. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:ZYMELong
by Juliac
4
GE - uptrend underway?The chat is self explanatory. Double Bottom, and then a golden cross. Finally a high volume candle on 4 Jan23 that propelled it quickly from 66.31to 71.94 (8.5%) in 3 days. Initial stops can be placed just under the high volume candle (ie < 66.70). However with numerous near term resistences looming, expected to face some pullbacks / consolidation along the way up. Near term dips will present good opportunity to long. Do not chase if the stock has been rising as it approach earnings release (expected on 24 Jan) as it could then more likely than not to sell off on "news" (good or bad). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:GELong
by Juliac
2
TOL - Buy the dipsHome builders had a steep fall in the 1st half of 2022 and had been building a base in the 2nd half. They have now emerged from the base and appear to be on the slow path to recovery. TOL has seen at least 3 gap ups since it's last golden cross on 8 Nov22. A sign that moemntum has been building since this golden cross. There was an attempt to break above it's neckline @ 5.50 on 13 dec but soon dips below again (a shallow dip though) until it propelled above the neckline again at the start of this year. Any near term dip would be a low risk opportunity to long with initial stops just below $49. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:TOLLong
by Juliac
AAPL - Will support @ 128 hold?AAPL had been the most resilient among the FAANG stocks despite being in a volatile and toppish pattern for months. However it started to break below major neckline support @ 134 on 19th Dec and then an attempt to break the horizontal support @ 128. It managed to close the month with a weekly bullish pin bar above 128 and a potential bullish divergance is also forming between price and RSI on the weekly chart. Hence a near term bounce could happen but any bounce right now is best viewed with a grain of salt until we can see change in the chart structure Any close below 128 is potential for the bear trend to continue towards 110-115. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:AAPL
by Juliac
2
EVR - morphing into uptrendGolden crossed on 8 Dec22. However a stock could still be volatile for an average of 2-6 weeks after a Golden Cross has occurred before it began to trend more consistently. About 4 weeks post golden cross now, will this stock be ready to break above 117 soon? Warning: Earnings is expected on 1st February, there is always risks to trade or hold positions through earnings. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:EVRLong
by Juliac
PDD - Trade the trendBroke up the neckline on 28 November and a retest near it on 28 December (point C). Looks ready to break above B again soon. Unlike previous steep pullbacks before the breakup of the neckline, this one is shallow (at only 23.6% retracement), a sign that an uptrend momentum is underway. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:PDDLong
by Juliac
9
ILMN - inverse H&S breakupILMN has broken up of an inverse H&S neckline last Friday on relatively strong volume. Let's see if the stock can make a more decisive move to the upside in the coming days. Otherwise it could continue to be choppy pending earnings release (expected on 3rd November). In any case, it looks like the bottom is in with this base formation Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:ILMNLong
by Juliac
3
EL - Strong Price ActionEL formed a bullish divergence on the monthly chart after capitulating on 3 Nov. It then began a "recovery" where there were several attempts to break a resistence zone (228 - 231.5), and finally breaking above on 18 Nov. Alas this proved to be a fake break as it went back below the neckline, eventually finding support only at the 61.8% fibonacci retracement of it's recent AB swing. The last 3 candles then showed a decisively bullish momentum in it's "recovery" : a huge bullish candle (30 Nov) on high volume that propelled it above the neckline again followed by small inside day near the previous candle high, and then another strong candle (last Friday) that did a quick retest and strong rebound from the neckline. Clearly it's momentum is bullish now although it could hit into short term resistence when reaches the 200 day moving average in the coming days. Trail stops up according to your trading pesonality (20 or 50day MA, last pivot low, fib retracement levels, trendline support etc). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:ELLong
by Juliac
My Analysis on XAU/USDI have a long bias on OANDA:XAUUSD There are some points on which bases I made my bias on gold: -Firstly, if we go on a daily TF we can clearly see the dow theory giving a long signal by breaking the LH, the triple bottom neckline breakout made a HH and retested it and will make a new HH most probably. -Now on an hourly TF we can see and little descending trendline breakout and kind of double bottom neckline breakout. Plan: GOLD LONG: Entry: 1754.4 Tied SL: 1748.6 Ideal SL: 1746.4 TP1: 1759.8 TP2: 1765.3 TP3: 1770.3 TP4: 1775.9 TP5: 1782.5 Trade your levels accordingly. Your feedback would be appreciated. Best of luck!
OANDA:XAUUSDLong
by abubakarmansoor
2
RETA - breaking upAfter a huge plunge in Dec 2021, RETA had been consolidating in a wide range for the past 11 months. It's 200 day moving average has begun to flatten out since 27 September and the stock has also started to trade above this moving average since 14 Oct. The 200 day moving average have been tested a couple of times since and has proven to be the support so far (@ 29). Last Friday RETA finally had a close above the long term consolidation neckline @40.65, on good volume, with Golden Cross about to materialise soon. The stock is a long with initial stop loss just under it's 200 day Moving Average and recent pivot low (currently @ 29). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
RLong
by Juliac
QQQ / NDX - more upside in near termQQQ broke above a minor neckline @ 284.50 last Friday and looks set to head higher in the coming days towards the 200 day moving average cum trendline resistence around 308-313. The odds of QQQ (NDX) reaching this level has increased as it is now taking the lead among the 3 indices (namely DJI, SPX and NDX). This means traders are now in "Risk-On" mode and piling into the more "speculative" sectors (namely Techs). However, the bigger picture is still in a downtrend and we do not know if the bottom is already in (until on hindsight!). Market could also go into weeks/months of sideways consolidation (just to please the FED lol). In general, mass layoffs by big companies could be a hint that the worst is over (esp for the stock concerned). However, we are also in a tricky situation that an aggressive market recovery might not bode well for inflation. Hence, anything is still possible at this point, waiting for clearer TA signs especially from the big Techs (FAANG). Meanwhile a lot of smaller stocks have already turned the corner. Hence, I'll be flexible. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:QQQLong
by Juliac
5
USDCAD I Structure broken - next moveWelcome back! Let me know your thoughts in the comments! **USDCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
9
LOCO - TrendingLOCO's decline had been flattening out in the past few months and the 1st hint that the worst could be over was on 13 October when it gapped up 14% on huge volume. Not long later it went into a sideway consolidation for nearly 3 weeks before staging another strong break out of this consolidation last Friday on earnings beat. The stock is now above it's 200 day moving average, clearly the trend is up now. Any pullback or consolidation in the near term would be opportunity to stake, with initial stop loss just slightly below last Thursday's pivot low @ 9.65. Expect some pullbacks/consolidation as it test resistences on it's way up. Take partial profits and/or trail stops up at intervals. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:LOCOLong
by Juliac
ILMN - Inverse H&S breakup, can it be trusted?An inverse H&S that formed over the last 5 months cummulating in a breakup yesterday. The marked increase in volume in the past week is encouraing and while the low of 173 on 17July (69% fall form it's peak) is likely to be "the low", it is probaby prudent to only buy small amounts now (in view of overall market volatility) and to add if we we a dip back towards the neckline (but not back below). We would have more conviction that an uptrend is underway if and when price could at least clear the horizontal resistence @ 259. There is nothing wrong should one prefer to wait till it can clear this level before establishing a trade as sometimes it's better to be later but surer. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:ILMNLong
by Juliac