Pullback
Long trade in ONONUBS analysts doubled down on its bullish view on the stock today. They have Buy rating on ONON and a price target of $42. Shares are up 5% today on the news.
This stock has been a favorite of mine for several months. It went public in late 2021. It performed great initially. But the 2022 bear market gave it a beating.
ONON has more than doubled off its 2022 lows and the company is growing sales at an astounding 80% quarterly rate.
Shares dipped below the 50-day moving average (red line on chart) in May and did an “undercut & rally.” This is where a stock will breach a previous support area triggering thousands of stop losses and taking investors out. Institutions often buy here and drive the price back above support (dashed line on chart) to continue the move higher.
Investors may consider buying here with a 10% stop loss near 27.25.
She could squirt to 433 if she’s nasty. SPY Could see a push to 433 before the market unveils it’s surprise. Looking forward to seeing what kind of ride we’re in for.
Looks like it could crumble from this double top set up.
Anything could happen, might even buck to ATH if she’s catches up sleeping.
Cheers
✅CAD_JPY LOCAL SHORT🔥
✅CAD_JPY has reached a supply level of 105.00
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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EURAUD I Wait for rejection at supportWelcome back! Let me know your thoughts in the comments!
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📉XAUUSD 1H short position📈OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 13
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Optimum stop-loss for short positions: above 1965$
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Ecad pullback to short**Find out more from my Tradingview Stream this week**
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RELIANCE going to 2200?RELIANCE weekly chart had broken down from an upward trendline in January. Since then it has pulled back and retested the trendline. The bearish bar dated 29th May suggests than the selling pressure could resume. Specifically if the price trades below 2400.
We could expect prices of about 2200, a sort of retest of the 200 EMA on the weekly chart in the near future.
Dogecoin.🐕 Technical analyst Doge, it seems that the downward trend line has been broken, and for more certainty after hitting 7558, if it can reject it, it will enter the upward phase, but there is a possibility of a sharp and fast pullback. So avoid taking the lever as much as possible. So that you can be profitable. .
CHFJPY I Potential return to the previous structureWelcome back! Let me know your thoughts in the comments!
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Pullback Buy in CVRXCVRX has shown tremendous strength this month. It reclaimed all of its moving averages in two days and has managed to hold above the 10-day EMA ever since.
This short-term moving average is what I want to see supporting the stock on a strong move up.
Shares pulled slightly back this week and kissed the support/resistance level at 13.00.
Traders may consider buying in the low $13 area with a stop loss at $12.00.
AUDCAD I Watch for this 🎯Welcome back! Let me know your thoughts in the comments!
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BTCUSDT Will this time btc pull back?BINANCE:BTCUSDT Price has breakout the triangle pattern and we have to wait for a pull back, so we can entry a short position.
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EURUSD Range zoneOANDA:EURUSD The price has pull backed to the white trend line and now we are in a trading range between yellow and blue zone.
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