Rectangle
Affirm - Breaking throughHi everyone,
Affirm is seriously misspriced right now. Upstart has made a crazy run from the $12 bottom to $65 bucks now, while Affirm is barely $17. This pair used to be trading at almost the same price half a year ago and now the difference is crazy. Affirm will follow eventually Upstart to close the gap.
Affirm's partnership with Amazon can give us a nice boost on the next earnings report. Amazon had the best Prime Day recently, so we can assume that some of the revenue has went trough Affirm's BNPL service.
Affirm has a great cash position and has what it takes to wether the storm. The stock is super volatile usually, but has been caught in a headwind. When the $20 are broken, I am expecting wilder movements to $30 and then slowly to $40.
Good luck to all!
A painful rectangleWith Bitcoin exiting the rectangle pattern that has lasted for 32 days, there is a possibility of a pullback and a further fall to the price of 27,700. Therefore, the small growth of Bitcoin should not be considered as an increase.
But in case of growth and failure of the resistance at 29,600, Bitcoin can enter the neutral trend again, and in this case, we can hope for the growth of Bitcoin again.
That this may happen
14 Months Rectangle Consolidation Potential BreakoutTinplate Company of India Ltd
NSE: TINPLATE
Forming a reversal rectangle with a massive bigger base of 14 months; a surge in volume on 17Jul23 with higher delivery qty and further consolidation at breakout zone is indicating a potential breakout sooner.
View invalid level 300
GATEWAY 30 Months Consolidation Potential BreakoutGateway Distriparks Ltd
NSE: GATEWAY
After a 363% UpSwing GATEWAY forming a 30Months+ Range consolidation at higher levels, forming a potential breakout.
Recent upmove from 27May23 to 05Jun23 confluences with bigger volumes and even it holding the price at higher levels for more than 45 days.
Expecting a bigger breakout around in GATEWAY sooner.
18 months Consolidation of SHAREINDIA ChartShare India Securities Ltd
NSE: SHAREINDIA
SHAREINDIA Formed a massive 18 Months of Bullish Flag Pattern at ATH.
Recent sharp down move on 03JUL23 is not aligning with the pattern formation. Once the candle high is taken out. Clears the path.
candle high has to be taken out with volume.
Entry above 1320
Stop Swing low once breakout confirms
Invalid level 1000
Target 1700
AMIORG Rectanlge Breakout with Low Vol PullbackAMI Organics Ltd
NSE: AMIORG
On 15 May 2023 AMIORG gave a Rectangle Breakout after multiple retests with a massive breakout volume.
After a small follo-through; a sharp downmove with low volume retesting the rectanlge pattern.
Likely to consolidate near the pullback zone; and move above 1300 to fly higher.
Strong close above 1300 confluences the pattern with 1100 stop and target of 1450 can move higher if trend sustains above 1300.
UNICHEMLAB VCP Pattern - Weekly chartUnichem Laboratories Ltd
NSE: UNICHEMLAB
A long VCP pattern is about to play in UNICHEMLAB.
Prior Breakout gave a sharp sell off which was absorbed and gave a decent immediate upmove with high volumes.
Contraction at the juncture; a strong close above 400 is a good buy with 270 as Stop and 680 as target.
SUVENPHAR CnH Pattern with Buildup - about to BreakoutSuven Pharmaceuticals Ltd (NSE: SUVENPHAR)
Formed CnH Pattern with 200+ Days of pattern formation with buildup of time correction at the breakout level.
Volumes dried up at the buildup, signaling potential breakout sooner.
A strong close above 495 with raise in volume confirms pattern breakout.
480 as a minor stop and 465 as pattern invalid level.
Target 600+
Bitcoin -> Consolidation Breakout!?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪
A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected.
Furthermore you can also see that weekly market structure is bullish with Bitcoin creating higher highs and higher lows so there is no reason why Bitcoin should actually reject the previous resistance zone once again towards the downside.
With Bitcoin once again retesting previous daily support we could see another rejection towards the upside but this is definitely a coinflip trade so I am now waiting for a clear range breakout and then I will look for a buy trading setup.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset: