Patterns
Weekly Trading Recap: NZDJPY, AUDCAD, GBPCHF May 01 2021Hello everyone:
Welcome back to this week’s trading recap video. Let's take a look at the trades enter this week.
I will explain my approach on the entry, SL, TP and management.
NZDJPY - running about +2%
Full analysis/forecast:
AUDCAD - running about +4%
Full analysis/forecast:
GBPCHF - running about +3.5%
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
MRNA & end of the bulls?MRNA has had a few wild weeks going up from $120 to $170.
I believe this could be the end of the bullishness and it may do a correction.
Why do I believe this could happen?
MRNA hit historic resistance of $170, after hitting that mark it began dropping. This resistance seems like it can hold.
RSI is bounced off the 70 mark on the daily chart.
RSI is overbought on the 4HR chart
EMA's are beginning to cross over on the hour charts.
This could be a tiny correction and just bounce off $160 before continuing its path to $200 so I would keep a close eye on the stock.
What I am looking for right now is:
1st support - $160
2nd support - $139_$145
3rd support - $120
At this point MRNA going back down to $100 or even lower seems incredibly unlikely.
Moderna's earnings arent too far away so that could act as a catalyzer that will continue the growth.
In short I believe that MRNA could have hit the resistance and it will either go down to the listed supports or if it stays in these levels then it will most likely stay like this till earnings come which will tell what direction it is going to go from here.
Please comment down your ideas and thoughts on this, I would appreciate any criticism you may have on the charts and analysis, and looking forward to your comments!
I am not a financial advisor, these are my personal ideas an thoughts please do your own research before buying a stock.
$RMO PT 30 and higherRomeo Power, Inc., an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for commercial electric vehicles in North America. The company operates through two segments, Romeo Power North America and Joint Venture Support. It also offers battery management systems; and design, research and development, and other engineering related services. Romeo Power, Inc. was founded in 2014 and is headquartered in Vernon, California.
MRNA going back down to $120?As mentioned in my last analysis, Monday will be the deal-breaker for MRNA again, and it failed to hold that resistance.
Using historic data this will most likely drop down to $120 again before going back up to the $130s so this can be a great swing trade.
BUT! Watch out for support at $126, using the previous downward channel trend resistance this can act as support so watch out for that.
Reasons for bearishness:
-Historic data of the resistance and dip (influenced the most)
-EMA's crossing right now
-RSI was oversold
It's a clear bearish sign that probably won't last for long so look for a nice swing trade here.
(I am not a financial advisor)
GOOD VS BAD REJECTION PATTERNSHello Traders and welcome to out channel. GOOD VS BAD REJECTION PATTERNS. If u like this educational content please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a wonderfull weekend and successful trading week ahead!
$QS PT 64-70 and higher...Long Term InvestmentsQuantumScape Corporation, a development stage company, engages in the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.
QuantumScape Jumps on News Volkswagen Will Invest $100 Million
QuantumScape (QS) - Get Report shares soared Thursday, after the electric vehicle battery maker said it met conditions for Volkswagen (VWAGY) to invest another $100 million in it.
“The milestone required Volkswagen to successfully test the latest generation of QuantumScape’s solid-state lithium-metal cells in their labs in Germany,” QuantumScape said in a statement after the close on Wednesday.
“This will be the second and final closing under the May 14, 2020 stock purchase agreement between VW and QuantumScape that provided for a total $200 million investment," QuantumScape added.
QuantumScape recently traded at 50.94 It has skyrocketed 420% over the past year amid investor mania for all things electric vehicle-related.
"We are pleased to report that the QuantumScape cells met the technical milestones in our labs in Germany that we had previously agreed upon," said Frank Blome, head of the Volkswagen Group’s Center of Excellence Battery Cell.
"Achievement of this milestone is an important step for QuantumScape and we look forward to receiving and testing subsequent generations of cells, with the goal of getting solid-state technology into series production," Blome noted.
Last week, QuantumScape began a public offering of 13 million Class A common shares.
“QuantumScape intends to use the proceeds from the offering to build a larger QS-0 pre-pilot line than recently announced; to cover its full share of equity contributions to its joint venture with Volkswagen for the previously disclosed 20-gigawatt-hour expansion of QS-1 joint manufacturing facility;" and for working capital and general purposes.
On Feb. 17, the stock jolted higher after QuantumScape revealed a breakthrough in its battery technology and after billionaire George Soros’s investment firm disclosed a stake in the company.
$THBR Advent Technologies Inc. to combine with $AMCI AcquisitionAdvent Technologies Inc. to combine with $AMCI Acquisition Corp., creating a leading next generation Fuel Cell Technology Company
$THBR update: Combination with Thunder Bridge Acquisition II on Track to Close Early Spring 2021
Clears Hart-Scott-Rodino Transaction Hurdle
Company Sees Strengthening Autotech Demand and Sustainable Order Pattern
Reaffirms Strong Revenue Outlook for Above Market Growth
Current Industry Shortage of Automotive ICs Underscores Strategic Market Opportunity
$MJNE Sky HighhhNow that $MJNE will be under their own 4 licenses, they will realize 100% of the revenues and receive rent and royalties from their LOI with MKC. They have water rights and zero debt. Roger and Paris - “Our cost to grow is second to none.” Test results showing highest terpene levels...
The future of cannabis is wholesale. Don't let the number of retail dispensaries fool you. This is just needed for the time being. Eventually you'll see these products at Wal-Mart and Costco. You are the early investor.
"Mexico Cannabis Sales expected growth up to 2 Billion"
Mexican Legalization Has Prompted Banks To Raise Price Targets On Cannabis Firms With Significant Exposure To Mexico
BOEING INVERsE HEAD & SHOULDERS 1HThe S&P 500 retreated to its trend support this last week and bounced big time back near all time highs. That being said, I'm bullish on the market this week. Boeing has a very nice looking chart on the daily time frame finding support after a swing high and I've discovered a very clear inverse head and shoulders pattern form on the hourly chart. A break of the neckline will be the trigger for me to look to go long. I'll be buying the pull back after the break this week for a swing trade. Reference my chart for a further breakdown of this trade idea. Thanks for reading and good luck out there!