Neutral
$SBUX with a neutral outlook following its earning release The PEAD projected a Neutral outlook for $SBUX after a negative under reaction following its earning release placing the stock in Drift D
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$TXN with a neutral outlook following earnings releaseThe PEAD projected a neutral outlook for $TXN after a negative under reaction following its earnings release placing the stock in drift D
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$CSX with a neutral outlook after its earning release The PEAD projected a neutral outlook for $CSX after a negative under reaction following its earning release placing the stock in Drift D
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Ethereum is still healthy if we remain within this channel!Ethereum has been really nice to trade these past months, a continuous practice of buying low and selling high has been a large part of my success in the market.
It is to be expected that we bounce between the .618 and .382 Fibonacci levels until volume returns. If we were to break down below I would expect us to revisit the .236 Fibonacci level; therefore I am currently neutral as far as positions are concerned.
I have drawn a channel shown by the upper and lower green trendlines which we have maintained.
The regression trend marks when I was sure the trend would continue bullish into four figures.
Bitcoin Q1 2021Here I do a dubious extrapolation to predict a theoretical price for Bitcoin in the coming weeks. BTC is due for a health retracement, but we are just at the start of the bull market. So, how much momentum do we have? Here I predict we could see a drop to the 21 week EMA, around $24-28K, within the next week or two.
Here are my Limit Buy Orders:
Buy BTC @ $30,200 with 10% of my USDT
Buy BTC @ $28,500 with 20% of my USDT
Buy BTC @ $26,200 with 30% of my USDT
Buy BTC @ $23,500 with 40% of my USDT
$INTC with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $INTC following a positive over reaction following its earnings release placing the stock in Drift B
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$ISRG with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $ISRG after a negative under reaction following its earning release placing the stock in Drift D
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$PG projected with a neutral outlook following earnings The PEAD projected a neutral outlook for $PG after a negative under reaction following its earning release placing the stock in Drift D
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$SCHW with a neutral outlook following its earnings releaseThe PEAD projected a neutral outlook for $SCHW after a positive over reaction following its earning release placing the stock in Drift B
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$HDB with a neutral outlook following earning releaseThe PEAD projected a neutral outlook for $HDB after a negative under reaction following its earning release placing the stock in Drift C
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Dax - Still NeutralThe Dax has rebounded significantly over the past few trading sessions as it edges back up toward all time highs despite weaker EU and US data. This has been due to the impact of stimulus though a pullback could be imminent whilst the index is below the 14,000 psychological level in particular with the EUR strengthening as the Dax is an export driven index.
$C with a Neutral outlook following earning releaseThe PEAD projected a neutral outlook for $C after a Negative under reaction following its earning release placing the stock in Drift D
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$PNV with a neutral outlook following earning releaseThe PEAD projected a neutral outlook for $PNV following a negative under reaction after its earning release placing the stock in Drift D
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$WFC with a neutral outlook projected following earning releaseThe PEAD projected a neutral outlook for $WFC after a negative under reaction following its earning release placing the stock in Drift D
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The brink of a breakout, Up or Down?We find ourselves within an ascending triangle,
Ascending triangles are a bullish formation that anticipates an upside breakout. meaning we have a higher bias to break out towards the upside,
In this situation the measured move, if the breakout is confirmed with volume, would be around the $40,300 zone.
This scenario would be incredibly bullish, as that would also push us out and above our previous symmetrical triangle, For which the target is in the region of $50,000!
However, this pattern also has a chance (although low 30%) to break towards the downside
If this is the case, we would retrace to our first zone at $34,000... which if this is the case, would push us down and below our symmetrical triangle, to which the lower target is $27,000.... I prefer the former (bullish bias).
Please be cautious, and don't jump into any trades unless they have been confirmed by volume, and a retest of the breakout line!
$DAl with a neutral outlool after earning releaseThe PEAD projected a neutral outlook for $DAL after a positive over reaction following its earning placing the stock in Drift B
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$FRC with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $FRC following a positive over reaction after is earning release placing the stock in Drift B
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GOLD TWO options for price movementDuring the last week, the price has been moving within a small zone along the level of 1847.33, showing neither a strong rise or fall. Uncertainty in the movement of gold prices gives us two options for the development of events.
First option.
The price starts to rise and breaks through the strong resistance line at 1871.46. After that, it is fixed on it and continues to grow to the resistance zone 1953.66.
Second option.
The price also starts to grow, but cannot break through the resistance line and the level, it will bounce off them in the area of 1877.27 and fall to the support level of 1794.17. And only after that it will show a new growth and come to the resistance line 1888.87.
To summarize, the most important indicator of price movement will be a breakout of a strong resistance line. It has existed since May 2019. Important! First, we need to wait for a specific price movement, understand which of the options it will move, and then we can enter into a buy trade.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Gold - Neutral We still hold a neutral view on Gold despite the precious metal falling due to rising treasury yields and a stronger US dollar. This is because it appears prices have consolidated above support at $1830 and we will therefore await further price action before forming a directional view.