Watchlists of SPX Sector ComponentsUse RSC indicator to spot strong stocks in related sector.
Useful watchlists of SPX sector components:
AMEX:XRT : www.tradingview.com
AMEX:XLY : www.tradingview.com
AMEX:XLV : www.tradingview.com
AMEX:XLU : www.tradingview.com
AMEX:XLRE : www.tradingview.com
AMEX:XLP : www.tradingview.com
AMEX:XLK : www.tradingview.com
AMEX:XLI : www.tradingview.com
AMEX:XLF : www.tradingview.com
AMEX:XLE : www.tradingview.com
AMEX:XLC : www.tradingview.com
AMEX:XLB : www.tradingview.com
Relative-strength-index
LKQ - Hidden Divergence - BullishOn the chart of LKQ, we can see a forming ascending triangle and we can see hidden bullish divergence on daily timeframe.
An ascending triangle is a bullish formation. The pattern gets validated when the price breaks out of the upside of the pattern.
By using the Relative Strength Index we can hidden bullish divergence.
A long position can be taken when the resistance of the triangle turns into a support.
See all further details on the chart.
Goodluck!
CROUSD - Oversold - Small PumpOn the 1h timeframe chart of Cronos (CROSUSD), we can see that the price is oversold.
The indicators used are the Bollinger Bands, Relative Strength Index and Stochastics. All three indicators are identifying the same oversold condition.
The price is approaching a support zone. Previously this support zone was strong resistance. So it's likely that the price is going to be supported. In combination with the oversold condition, it's a double confirmation for the price to increase.
All further details are shown on the chart.
Goodluck!
ADAUSD - Upward move coming - 2023!It looks like Cardano it's going to start 2023 well.
On the 4-hour timeframe chart(left), Cardano's price is showing Regular Bullish Divergence. The Divergence is indicated by the Relative Strength Index and the Stochastics.
On the daily timeframe chart(right), Cardano's price is showing an Oversold condition. The Oversold conditions are indicated by the Bollinger Bands, Relative Strength Index, and Stochastics.
Both charts complement each other. The new innovative plans for 2023 are in line with these ideas as well.
Enter your long position only if/when the candle closes above the key level and confirms it as a support.
All further details are shown on the charts.
Good luck!
DOGE - Oversold - Small bounce possibleOn the DOGEUSD chart (1h timeframe), we can see the price is currently oversold. The price is reaching a support area. Once the price has entered the support area it's likely for the price to bounce back up.
All three indicators used are Bollinger Bands, RSI, and Stochastic. All three indicators confirm the oversold condition.
All further details are shown on the chart.
Good luck!
Asian Paints Long TermTechnical Analysis :
-- Strict Stop Loss = 3077
-- Target - 1 = 3387
-- Target - 2 = 3625
-- Target - 3 = 4232
-- Strong support at 2786.
-- Touching 55 EMA
Fundamental Analysis :
-- Current price is more than the intrinsic value
-- Maintaining a healthy dividend payout
-- CAGR: 10 years - 22%
-- Cash Flow is negative
-- ROCE : 27 %
As the PE ratio is a little high compared to the Median PE i.e 68.8. So keep on investing in a small amount
Divi's Laboratories Long Term Technical Analysis :
-- Strict Stop Loss = 3150
-- Risk : Reward = 1 : 3
-- Target - 1 = 4059
-- Target - 2 = 4597
-- Target - 3 = 4988
-- Strong support at 3039.
-- Re enter the trade at 3185
-- Touching 200 EMA
Fundamental Analysis :
-- Divi's Lab has a healthy ROE.
-- Over the last 5 years, revenue has grown at a yearly rate of 17%
-- ROCE: Maintaining healthy ROCE of 31.64% (1 year), 28.31(3 years), and 26.9% over the past 5 years.
-- Healthy dividend payout
-- Debt-to-Equity: Divi''s Lab has a Debt to Equity ratio of 0.00
-- CAGR: 10 years - 19%
-- Cash Flow: Positive cash flow over the last 5 years
-- P/E ratio: 10 years PE is close to the average PE. So Stock is not overvalued
HUL long term investmentTechnical Analysis :
-- Strong support at 2047
-- Strict Stop Loss = 2440
-- Risk : Reward = 1 : 3
-- Target = 3450
-- Golden crossover in Daily
-- Just crossed the trendline
-- For long-term investment please ignore the targets.
Fundamental Analysis :
-- The company has existed for more than 10 years
-- The company is virtually Debt-free
-- CAGR : 5 year - 17% & 10 year - 18%
-- Revenue, Profit Growth : Over the last 5 years, revenue has grown at a yearly rate of 9–10 %
-- ROCE: Maintaining healthy ROCE of 38.22% (1 year), 90.51(3 years), and 95.95% over the past 5 years.
-- Cash Flow: Over the last 5 years, free cash flow growth has been 8.27%. Which is on the positive side.
-- P/E ratio: Stock is not overvalued as its near to its historical average
-- Maintaining a healthy Dividend
AMAZON on a boost. Won't reach the split price though.I have tested this 6 different ways and included my new "Mass EFX moving averages" indicator.
All I'm seeing is that $amazon is on a rise rightnow since June 17th @ 11:30 pm Central ime.
It will continue to rise to $109.00 and maybe a spike to $112 00
Current price 8s $106.xx
Stoploss = 104.03
Entry 106.16
According to my rsi formula:
Exit = $110.37 (after move momentum expires)
Safe exit is $109.99
Business banks trade in whole numbers, let's move to the closest whole dollar (110.00)
This is a 3.5% move
Strong Long 🍏 Bulls will embarrass Bears as Hentai MovieStrong Long 🍏 Bulls will embarrass Bears as Hentai Movie
"Open a long position, and you'll drive a new TESLA model within a week."
We've had a 100% success rate with the variation of the following indicators for more than two months, see our previous Ideas.
🔑 KEY POINTS:
Chart Pattern: Price hit Support Area of Historic Bottoms
Momentum: RSI (Relative Strength Index) hit Support, Advanced Bullish Divergence
Machine Learning (ML): Price Action hit Linear Regression Channel Support
Funding Rates: Negative, supports Bulls
We update our ideas daily and so, don't forget to bookmark this page for updates!
MCD Long; 150EMA Support - Risk:Reward Of 62:1This trade setup is pretty simple and doesn't require any rocket science. McDonald's, or MCD, is a component of the DOW30. MCD has been in a trading range on the weekly chart for quite some time now. We are currently at the bottom of this range, providing an excellent opportunity to get long. I'm using covered calls in this name to get long the stock at as cheap a price as possible. The RSI show at label (A) is finding support in the oversold zone we have seen it bounce from before. In addition, we have moved off the 150EMA Weekly, which if you look at the green ellipse has previously held up since about 2007-2008 (not shown in this chart). There are two long possibilities here for me:
1) Buy MCD at 93.68 and Sell the Oct. 100 Call for $0.27 making your cost basis $93.41. With our stop on a close below $93.05 we are risking about $0.36 to make a maximum of $6.59. That's a risk reward of 18:1.
2) 1) Buy MCD at 93.68 and Sell the Oct. 97.5 Call for $0.57 making your cost basis $93.11. With our stop on a close below $93.05 we are risking about $0.07 to make a maximum of $4.39. That's a risk reward of 62:1.
(I traded #2)
The risk reward is assuming we could close out the position on the penny. This of course is not entirely true because we do not know how far below the market can close. It give you an idea however of just how well this trade is setup. You can tailor your stops to your liking. For example from this level, my stop is on a close below $93.05 or a touch of $92.35. This is because I never risk more than 2% on a single trade. I traded play number 2 because it brought my cost basis closer to the EMA reducing risk, while limiting profit. To compensate I doubled the size of my MCD position so the profit would match that of Trade Play #1, with my total risk being less than 2% still, and appropriate stops in play as mentioned. $97.50 is the closest and more likely target, with $102.00 being the top and more extended part of the range. So by using the $97.50 calls and doubling my size, my chances are better yet that I will achieve the same profits as Trading Play #1, simply because it only requires MCD to head towards $97.50 and not $102.00.
Good luck, and may the markets be ever in your favor!
US Oil Short From Bullish Flag; High Risk:Reward RatioUSO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck.
A) RSI has broken above the 35 level, but this is likely because it bounced a bit from being oversold. It remains below 50 which is a bearish indication and still has resistance at the 40 level.
B) The cream of the crop. B marks the head of a head and shoulders pattern in USO. You can see when the neckline was broken here, while simultaneously breaking a series of important EMAs, USO began it's slide. We would expect some sort of throw back to this neckline. This will be important in our trade setup later.
C) Here is our bearish flag and Andrew's Pitchfork. You can see the slight countertrend movement off the lower bollinger band, and what now looks to be a hanging man. This entire move up is hitting resistance in the pitch fork, as well as the flag formation, and has formed entirely on declining volume. That's not a positive sign for continued upward momentum.
D) PSZ (Prior Support Zone) from way back when. I'm expecting a move down into this zone where it will coincide with support at the lower BB or lower median pitchfork line. We may get a bounce down here, or more consolidation.
E) Volume Decline Throughout Bear Flag
F) Declining & Still Negative MACD
The one thing I didn't like here was the RSI, and that the weekly chart shows that we may need a throwback before extended downward momentum. This is where that neckline comes into play. We may very well see a throwback to the 66 area before we are awarded with any serious downside momentum. However the weekly RSI is also in a downtrend, reinforcing our bearish outlook. I'm short a directional diagonal on this play, to take advantage of Theta decay, and let oil slowly drift lower in my favor until we reach that prior support and I debate what the next play will be. More downside, or a retracement? Maybe a renewed uptrend? Who knows?