Hertz - going against the crowd, buying the bloodHere we have a stock that exploded so hard in volume that it stood out among all others. Come to find out from further research they're going bankrupt. As they're attempting to sell stock, chairman Powell stops the trading on Hertz and on the same day he announced a shift that the fed is doing. They're switching from buying ETF's to buying corporate bonds/ supporting individual companies. We see this with the funding of Inovio. We're looking at a company that was completely affected by covid and they have a big role as a large company providing used cars to Carmax, Autonation and countless other dealers. Everyone thinks they will fail, this is the perfect opportunity for somebody to buyout the options, bring out the news, and buyout the stock causing a massive breakout.
I'm not a bullshiter so here is my position: imgur.com
Rebound
minetec under pressure,What I see, it's strong to go up. but not study FA yet. I hope rebound to bullish, target take momentum at >0.24
S&P 500. Ready to Move Down.Ready to move down.
I want to make a reflection, we are in front of the worst crisis after 1929. And if you see the american Markets we are almost at the highs. What's wrong with the investors?
Here are the clues that tell us that the rebound has ended:
1)Well as you can see, the correction has consumed 5 waves.
2) Price has left the bullish channel.
3) Double Top 2.972.
4) Market overbuy.
5) Today break below 2941.
On the other hand we have:
1) Double Botton.
2) The price right now is in the long term canal(orange). Base is right now on 2880.
3) Price is moving sideways 2.971 - 2.777.
I think today we had had the first clue to see a move down in the market, the little break below 2941, normaly we should retest tomorrow or even after tomorrow, nothing wrong is the price don't restest the level. Remember Fear&Greed Index is almost newtral, so from my point of view the market is ready to move down.
The main scenario is bear market with a first target in 2.777, second in 2.577 and the third in the low of mars 2.187.
Remember sell in may and go away.
The alternative will be a break above 2.971.
Good Trading and Take Care out there.
VWAP Bounce analytics on BTCUSD using vwap and volumeVWAP Bounce analytics on BTCUSD using vwap and volume
eurjpy on an important levelhere is my eurjpy analysis.
this pair is on a very important level and we can play the rebound from 115.5 to get the 117.200 first.
be careful because we have been sellers on this pair for several weeks. If he comes to get the 115,400 ,then we can start a new sale.
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LINK/BTC - interesting is the first reaction to a levellevel since December 10
confirmed on January 17
The breakdown was on February 7
You should expect a reaction from the level.
The bounce potential is at least 1/3.
Friends, thanks for your likes and comments!
Good luck with trading!
EURUSD Possible Short Term Rebound/Retracement UpwardRemembered this chart from my older idea? No much changes from the technical point of view but things do change around beyond technical and I just want to tell my good folks that I am a guy who go with the follow. Kinda like trend following trader you can take but I don't mean the overall reversal of trend on this major pair but just the personality I got during trading. It will be a foolish word to just say overall trend reversal as things need time to fully confirm the actual fact and it's not right time to say a pure reversal or not but I can say for now bearish have been weakening and we can see a slight retracement around 38.20% Fibonacci retracement level at least. If better who knows 50% can also be possible but the price will need to break the weekly pivot point level plus breakout beyond the falling trendline (red). Thanks for reading my idea and I hope you enjoyed and if you think it added some value in your trading don't forget to support me by hitting a thumbs up button! (LIKE)
CADJPY Possible Rebound Upward!Lately, some news about China to start buying oil for state reserves sparked some volatility in loonie too. I guess the oil future will be going fine in coming further weeks so that might help this pair to rebound at some level. Stochastic pointing out the momentum in favour of bullish so far.
Apple At Dynamic Support (SMA 200)It's floating around the dynamic support (SMA 200) which can prolly hold price falling from further lower if overall market index showing positive sentiment. Stochastic supporting the bullish momentum. Knowing that China is open for business more than two months after imposing quarantines to counter the coronavirus, China is getting back to work. With new infections dwindling, factories are restarting, stores are reopening, and people are venturing outdoors. In some ways, China is where the U.S. and Europe hope to be within weeks or months.
S&P/ASX 200 Possible Bullish MovementHigher timeframe charts show the momentum supporting for the uptrend and overall market seems for now bullish. Stock markets doing well around globally at the starting day of the week. This might be something to do with cheaper fiat currencies around the globe making it easier to spend cash on buying stocks.
This doesn't add upThis was the day America took the lead in total COVID cases. This is the day that America was the least American considering today's record-breaking unemployment numbers. Yet, on the stock market, the day was overbought. More overbought throughout the beginning of COVID
Be well, see you soon!
XAUUSD Rebound lower?When the whole town runs for risk bets man how the hell might this yellow metal shine?
FTSE CHINA A50 Possible Price Rebound?Price was within the descending channel for this equity index and lately, china had done very well combating the virus outbreak and it has lower death rate comparing to Italy and thousand have already been recovered where new cases weren't escalating the way it used to like past. This all proves that china is one of a great nation around the world which may prolly rise back first from this global pandemic chaos in the near future. It was the origin of that cruel virus and people have suffered a lot in the past which I believe the virus cases have reached its peak till today and nothing can get more worst if they continue holding this virus within the jar till the vaccine development. The easing of restrictions comes as Hubei reported that new infections dropped to zero on March 19. A dramatic plunge from the height of an epidemic that’s infected around 81,171 Chinese and killed over 3,277 but recovered 73,159 (which is a great achievement) on the date report 2020 March 24. China to lift lockdown over virus epicenter Wuhan on April 8 allowing transportation to resume for the city. All these positive changes in china let me feel that it may help domestic equities to run smoothly in the near weeks or months creating a rebound on the price action for this index. At least for short to mid-term even if it's not an overall reversal it may have probabilities to create new swing highs.
seems like this is a bottoming out process in place ??? All sign of a bottoming out process is there clear volume and uptrend in place since last week
After the 2 trillions package agreed , we shall see a sharp rebound for good , forget about the fundamentals the market doesn't seem to let go of their big tech names , the drop has been subdue compared to European stocks back to 2009 levels and dj pr SP 500
Th upside seems much greater than the downside
LET ME KNOW YOUR VIEWS
Clearly it seems like this is already rebound in place Seems to me that this is a clear rebound started with Italy cases declining, china back to work and the US firing 2 trillions package
Time to go all in ???? I think so but let me know your views
Brent Crude Oil Double Bottom Reversal Pattern?Technically it seems brent crude oil making the double bottom and sentimentally the bulls doesn't wanna lose the ball out of its feet and defending it from bears. Overall at the moment seeing this price action technically we see momentum are in favor of bulls where stochastic just left the ground from the oversold zone. I assume this oil might have upward space in the near future further which we have to keep eye on.
Capitulation already over? We are already seeing the follow up daily candle to our capitulation candle make massive moves in less than 3 hours times its climbed $1600 at this rate we could see an historic friday the 13th bullish engulfing candle on the daily...there's no guarantee capitulation is truly over but it sure seems like it. as always not financial advice and enter at your own risk I can't wait to see where the current daily candle will close.
SPY-Short term Support/Resistance , AlphaOverBeta Market OutlookHello traders,
The market had its first trade halt since 2008, and volatility is extremely high (more than 4 times the average),
Trading the market is challenging. Our models have set two checkpoints for the market to make a short term decision:
270 - is the short term support for the S&P500, breaking that support would generate another leg to the downside
290 - is the short term resistance, breaking it to the upside would trigger a short term rally to the upside
Remember to trade with rules, not emotions, the market will rebound, make sure you are in the game to benefit from it.
Trade Smartly,
Alon, AlphaOverBeta
EURNZD Bearish ToneI am feeling these pairs have some room lower to retracement watching over the sentiment. Bulls are getting exhausted aren't doing fine with upbeat and watching over the rising trendline and Fibonacci retracement level I assume there may have some pullback in this pair even if it won't be an overall reversal. Ya and hope you guys knew BOE just cut the rate by 50bp so be careful about the pound pairs and I also heard morning Chinese President Xi Jinping flew to the central city of Wuhan for a surprise visit, his first trip to the center of the epidemic since the health crisis erupted. His arrival in the virus-stricken city, which was locked down about a month-and-a-half ago, was a sign that conditions have improved so much that authorities deemed it safe for the country’s top leader to visit.
GBPJPY Possible Bearish ContinuationI assume sellers are weighing at the market so far. The price rebound from falling trendline lower and stochastic leaving the overbought zone.
2020: Canadian Energy Set to ReboundThe entire sector of energy has taken a beating over the last while and much of the sector remains incredibly undervalued; P/Bs in many cases are well below 1.5.
In 2020 one of my top performing sector picks will be Canadian energy stocks, much moreso even than American energy stocks. The sector in Canada will be set to rebound from increasing oil prices and an increase in cap-x.
In particular stocks like Canadian Res, Enbridge, Suncor, and TRP should boast some pretty good gains over the next 12 months as I believe oil will continue to tag along in this market and push to 70-80.00 a barrel as further cuts in Saudi Arabia will remain evident.
I believe CNQ will finally break-out of its 10 year resistance level and quadruple peak and likely push 20% higher before 2021. Similarly, Suncor will likely do much the same.
I am much more bullish on the Canadian energy sector rather than the US, and for those looking for cheap value stocks with continued CAGR, growth and likely at-least a 15% upside in 2020, you want to go with TRP and ENB for the pipelines and CNQ/SU for the production.
- zSplit
