AUDJPY will bounce off a trend lineAUDJPY is currently in a neutral zone but once it touches one of the trend lines it will bounce off of it.
Neutral
$Dell trading within the upper boundary of projected PEAD cone$DELL traded within the upper boundary of the projected PEAD cone after a negative under reaction following its earning release.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
NTPC- Bullish or ConsolidatingNTPC is looking good if it can sustain above 101 then the near term target can be 105 then 110 since it is a slow-moving stock, patience is always tested.
Disclaimer-This is for educational purposes only.
USDJPY - NeutralUSDJPY has moved higher and appears to have broken it's downtrend since last year's March highs as it has consolidated above support at 103.7. This has been due to an increase in Treasury yields and we have therefore changed our long term view from short to neutral as we await US inflation data tomorrow for further price action.
$MU with a neutral outlook after earning releaseThe PEAD projected a neutral outlook for $MU after a positive over reaction following its earning release placing the stock in Drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$BABA trail still leading down some more.$BABA still in a range were short sellers can squeeze more out of it. They like to trap traders were their expectations are met. Head and Shoulder pattern still in play on the " X " move down. Catalyst in mind, Chinese New Years for the pivot pattern to the up side.
Support Area I'm looking for: 196- 190
Short Term Target Area: 250
Short Term Target Area: 280
N4 next candlestick day is bullishN4 next candlestick day is bullish
and the dollar is mostly weak on friday's.
Goodluck
ADBE - 2 way this could play outWe have 2 possiblities here.
Either we are in a complex WXY correction which would then take price towards 415 i n a corrective fashion similar to the dotted line drawing.
or
we are finishing a Flat corrective wave 2 pattern in which case price should remain above the invalidation level at 439 .
The usual termination point for wave (C) of a Flat pattern is the 100% and 127.2% projection of wave (A) from (B) but the 127.2% level would be below the invalidation level, therefore we can discard it for this setup.
100% level comes at 451, which is also the 78.6% retracement level of wave 1, known also as the last line of defense for bulls.
So, price needs to ideally remain above that level if we are to see higher prices.
Note also that any move above 505 even before touching the 451 level should be considered as a big bullish indication!
Dax - NeutralThe Dax has dropped significantly in today's trading session after reaching all time highs last week on the back of the Brexit deal and US stimulus. The strong of possibility of Germany and other European countries imposing stricter lockdowns and the subsequent impact on their economies could lead to the index dropping further and challenging support at 13,000.
ZIL/USDT Wedge FormationFIL/USDT is inside this wedge for a few days now, preparing to break-out on either side. I'm seeing this pair follow the wedge for the coming few days.
In order to trade the break-out, wait for the price to close below or above the confirmation lines.
Gold - Neutral Gold has been trading sideways since our last analysis despite US stimulus, a weakening dollar and the worsening of the coronavirus situation. Therefore we hold a neutral view as we believe the precious metal will struggle to gain forward momentum to challenge resistance at $1932.
Silver - Neutral Silver has continued it's upward momentum predominantly due to US stimulus, a weaker dollar and fears surrounding the worsening of the coronavirus situation. Therefore prices could challenge resistance at 26.775,but could also pullback sharply given the precious metals volatile nature. Additionally, the rally over the past couple of days has been over relatively thin holiday season trading volumes.
$KMX with a neutral outlook after earnings releaseThe PEAD projected a neutral outlook for $KMX after a negative under reaction following its earning release placing the stock in Drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$PAYX with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $PAYX after a positive over reaction following its earning releasing placing the stock in Drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
what do you think? Comment belowI believe we are on the 4th wave (retracement) at the moment. it has already formed an ABCDE and an ABC so if the rule holds true it will do another ABCDE.
Dax - NeutralThe Dax dropped sharply yesterday on the back of fears surrounding the spread of a new strain of the coronavirus and the subsequent block on travel from the UK by a host of countries. However, despite downside potential for the index with the impact of the coronavirus and Brexit, in particular given it's volatile nature, we would not take short view unless the index consolidates below support around 13,000.
$GIS with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $GIS following a positive under reaction reaction to its earning release placing the stock in Drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$JBL with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $JBL after a positive over reaction following its earnings release placing the stock in Drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$ACN with a neutral outlook after earnings release The PEAD projected neutral outlook for $ACN after a positive under reaction following earning release placing the stock in Drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Gold - Neutral Post FOMCGold has continued to rise post the FOMC meeting which indicated that there will be not a shift in dovish monetary policy. Additionally, the 50 day MA is moving towards the 100 day MA and prices could move higher and challenge resistance at $1932 with the forthcoming US stimulus package. However, whilst the 50 day MA hasn't risen above the 100 day MA confirming the trend reversal we still see potential for a pullback so we maintain a neutral view.
$NDSN with a neutral outlook following earning releaseThe PEAD projected a neutral outlook for $NDSN after a negative under reaction following its earning release placing the stock in Drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
IQ long into February This is a long / neutral debit spread play with 73% return on capital. Long calls on feb19th @$15 strike and short calls on feb 19th @$17.50
