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Forecast | AAPL | 5 week target priceBias: Positive, Optimistic Notes: Following up from my previous journal entry (please see the link below). Guidance: Over the next few weeks I can see AAPL moving to retest its previous highs; I think the infographic is self explanatory (for the indicator, please see the link below). Signals: Bollinger Bands: late oversold. About the Author: I strive to become one of Tradingview's pinescript Wizards and Top Authors, as well as build a reputable reputation & following. "Don't forget to comment, like, share, and follow me!"
NASDAQ:AAPLLong
by UnknownUnicorn28743597
USDCAD x USOIL - A Peek Into The Future Of Oil 🛢👀USDCAD and USOIL are inversely correlated - meaning when USDCAD goes up, OIL goes down (and vice versa). In the chart we have USOIL at the top and USDCAD inverted at the bottom. It appears that USDCAD is ahead of Oil by around a month or so. When USDCAD started it bearish wave, USOIL was starting its bullish wave (after a month). We recently saw a third touch of a trendline for USDCAD and price rejected nicely and USDCAD is now bullish. We haven't yet seen that for USOIL. We're still yet to touch the trendline for the 3rd time, which will very likely follow USDCAD inversely. FUNDAMENTALS Fundamentally we have reason to believe that in early Feb Oil prices will head lower. Opec Plus is expected to adhere to its current strategy at its February 2nd Meeting, raising its March production target to 400,000 barrels per day. More supply = Lower prices = USOIL Shorts. It just so happens that the third touch of the trendline for USOIL falls around the Feb 2nd - which would give us a perfect reason to short. In conclusion, we have the following reason to short OIL: - USDCAD is leading the way a month early whilst USOIL follows - USDCAD has already hit the trendline for the 3rd time and is bullish - USOIL is about to hit the trendline for the 3rd time and turn bearish - If the OPEC meeting goes well and they adhere to the 400k barrels a day, we will see USOIL move lower. What do you guys think? Do you agree? Did you know about this correlation? Let me know below. Goodluck and as always, trade safe!
TVC:USOIL
by WicktatorFX
11
Strong support area provides a good R/ROpendoor $OPEN has delivered better than expected results in the past 2 QE. The fundamentals are strong and this past sell-off was due to the broad market sell-off. At $13.50-$13.75 range we have a strong support area that should hold. If so the minimum rise should be the resistance area of the range-bound rectangle at around $18.50. Entering a BUY position at the current price would provide 2.5+ R/R which is pretty good. If we can get a small dip down to $14.5 then the R/R rises to 4.44 as shown on the chart. Other notable technicals we can see are: - the price should retrace back to 200SMA around $18-$18.5 area - the retracement would be less than 50% Fibo - the price is really over-sold and a counter-trend leg to the upside is expected Not financial advice, DYODD
NASDAQ:OPENLong
by IboProtrader
stock trade. OPEN. good buy position. speech on sustainability.This one doesn't take a genius to figure out. Unless you have insider information telling us that this company is about to close it's doors, then this is what I would call a safe bet. ---- I was going to find a solar stock so I had a good excuse to continue my monologue on sustainability, but I will just do it here. It helps me put my thoughts together knowing I have such an educated audience. Recently I have been thinking about how can young people who are really focused on guiding the world towards sustainability change the way they view the older generations. At the moment, it is really difficult to characterize the older generations in a light differently than as a bumbling fool that can only see what's directly in front of him/her, with no apparent care for longevity of life on earth. Treating the earth as if it's going down in flames and we are just hanging on as long as we can and accepting our fate of what would essentially be eventual damnation. As this characterization seems to be in a slightly negative tone, I know I have to dig deeper to get to a more suitable answer. It makes a lot of sense to me how older people would want to look back on their lives and see that they left the Earth a better place for their descendants. However, if I put myself in their shoes, I would see younger generations that are so concerned with fixing problems, and course correcting, that they seem unable to enjoy the trip. This in turn, would make me feel like I (in the elders' shoes) didn't do a very good job, and would possibly cast me into despair knowing that my actions and the actions of the people around me contributed directly to the current plight the world is facing. This isn't true of everyone. I know lots of people my age (young adult) that are dolts. The world is still churning them out at a higher than comfortable rate. On the same note, I have to look at the older generations and say, again, this isn't true of everyone. If Martin Luther King Jr. were still alive, he would be 92. Nelson Mandela would be over 100. Those are some pristine examples, however, they function as an example to destroy our all encompassing characterization of elders as bumbling fools. The greatest challenge facing our current generation of problem solvers is averting the major crises like overpopulation and irreversible habitat destruction. It's comforting to me that these ideas were hitting mainstream government as early as 1992 when 193 countries signed on to the Sustainable Development Goals long before we could have predicted the severity of what was around the corner. These are some lofty goals, but it's nice to have them in front of you just as a reminder of the reality that people are dealing with these problems on a daily basis; problems mainly caused by corrupt or poorly calculated political decision making. This is a fantastic list. It's straight from dreamland, but it's a heck of a list: - Good health and well being - quality education - Zero hunger - gender equality - no poverty - responsible consumption and production - clean water and sanitation - decent work and economic growth - conserve and sustain life in the water - reduced inequalities - industry, innovation, and infrastructure - conserve and sustain life on land - climate action - sustainable cities and communities - affordable and clean energy - partnerships for the goals - peace, justice, and strong institutions Tell me there isn't a single person on planet Earth that doesn't deserve to have all of those checked off. These are the expectations the younger generations want to shoulder. Standing by your beliefs would be a heck of good way to get started.
NASDAQ:OPENLong
by emehoke
11
$OPEN false breakdown, time to long?Opendoor Technologies Inc, one of ARKW's holding, had a false breakdown yesterday(4/12) and it seems to be wanting to retest some resistances. Pros: - RSI Bullish divergence on the 4hr chart. - Seems to have found support with 5 EMA - Price is close to the bottom of the BB, making it a good R/R trade Cons: - Volume has been decreasing, 4/12 breakout had a massive volume compared to the average. (Could be a false breakout to trigger stop-losses which are likely set on (3/31) low - The stock follows ARK's trend, if ARK's ETFs underperform, it is unlikely that $OPEN will do well. Critical levels: Supports: 19 / 20.33 (5EMA) Resistances: 21 / 22.95 (20MA) / 26.34 (50 EMA) My position: Entry 21.02 / PT 28.5 / SL 19. Return so far -6.38%
NASDAQ:OPENLong
by Mattyx227
3