JIN, weekly setup, waiting for confirmationJIN update, due to a false alarm triggering on the 1H because trendline was too close.
JIN had a strong impulse move this morning 1315 to 1360, it did not BO of descending wedge, no action.
Weekly at horizontal and channel support.
Daily under the downtrend line, hourly under the downtrend line.... sorry for wasting your time 😛
Reverse
Reverse Stock Split for Nasdaq: ATPC? What’s the Impact to ShareAgape ATP Corporation (ATPC) is set to implement a 20:1 reverse stock split, a very good move designed to consolidate the company’s shares and potentially improve its market positioning.
What are the impacts from the reverse stock split?
Enhanced Stock Price. The reverse split will increase the share price proportionally, making ATPC’s stock more attractive to institutional and retail investors who often avoid lower-priced stocks.
Nasdaq Compliance. By increasing the share price, ATPC ensures continued compliance with Nasdaq’s listing requirements, particularly the minimum bid price, which is crucial for maintaining their listing status.
Better Market Perception. A higher stock price can improve investor perception, potentially attracting a broader base of investors who prefer higher-priced stocks for their perceived stability and prestige.
Liquidity and Volatility. While the number of outstanding shares will decrease, which might reduce liquidity slightly, the split could also reduce volatility as the stock price stabilises at a higher level. Overall, it is more of a net neutral impact on the trading liquidity.
Positioning for Growth. With a stronger presence on Nasdaq post-split, ATPC is better positioned to capitalise on future growth opportunities, whether through attracting more substantial investments, mergers, or acquisitions.
Overall, better visibility in the Nasdaq market.
Post-split, ATPC is expected to project a stronger image on Nasdaq. This move aligns with the company’s broader goals of becoming a major player in the renewable energy sector. The reverse split is not just about compliance; it’s about setting the stage for ATPC’s next phase of growth, where they aim to leverage their innovative projects and strategic partnerships to gain market share and investor confidence.
Investors should keep an eye on ATPC as the reverse split could mark a significant turning point, potentially driving long-term value as the company continues to expand its footprint in the green energy market.
NVIDIA: Time for a breather 😮💨Let's take a closer look at Nvidia NASDAQ:NVDA – a stock generating a lot of buzz.
On the two-day chart, we observe a potential completion of Waves (3) and (4) between November 2021 and October 2022. As an alternative, we could see Waves (1) and (2), leading to the upcoming Wave (3). The targets are ambitious, and time will reveal the accuracy of these projections.
Following Wave (4) or alt. (2), we've formed a 1, 2, 3, and 4 pattern. Now, Wave 5 is on the horizon, and our price target is positioned at the 161.8 % fibonacci extension.
Zooming in, since our sub-wave 4 in red, we've constructed a Wave ((i)) and ((ii)) at $450. We're now in the process of building Wave ((iii)). A brief corrective move may follow before reaching the circled Wave ((iii)) at 161.8, around $662.
After we reach our targets, we'll be on the lookout for an entry point for the next big Wave 5 movement.
Reversal channel breakout Potential price breakout of a reversal channel towards a key support area.
Counter movement: If price breaks current resistance area upwards, retrace and form new support area; then price will potentially move towards a key area (previous lower high on the daily timeframe). Place pending orders above and below resistance area and let the price play out.
SELL OPPORTUNITY ON AUDUSD On AUDUSD Price is currently trading within a well-defined ascending channel on 1HTF, inside a 4HTF ascending (reversal pattern) this gives an additional confluence.
Waiting for price to test the upper dynamic trendline that serves as my support before going short.
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Resistance Ahead | Short BiasOn week chart
$4 is the strong resistance zone for this bullish
If RNDR can break and close above $4, the next target around ATH $8
Otherwise, RNDR will accumulating in range $2-3 a while before massive move will happen
Time will tell
NZDCHF I Potential short-term buyWelcome back! Let me know your thoughts in the comments!
** NZDCHF Analysis - Listen to video!
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SNP 500 Corrective Price ActionThe SNP 500 $SPY is in a corrective pattern which in EW is called an open diagonal where each subwave of 1-5 subdivides as either 5-3-5-3-5 or 3-3-3-3-3. In this chart, I've counted the diagonal as 3-3-3-3-3. Currently, the SNP 500 is making a zig-zag in (b) before continuing in five waves down to complete ((v)) of A. Currently expecting the SNP500 to go to around 300 before turning up and beginning the B wave. I don't expect to see any corrective rally's until after mid term elections in the US.
Do you remember Yahoo!? 📈It's been a long time ago, that Yahoo had any value in browsing the internet. I don't think they are really "up to date", but from a pure technical view this long setup could work.
We've established on the weekly timeframe a clear higher low - waiting for the higher high now.
EURCAD I Approaching resistance zone Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
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TMV TEAMVIEWER has the potential for a 50% upsideTMV Teamviewer had its good momentum in 2020 and thereafter fell of from the traders radars. In the meantime the company has proved that it should not be mixed up as another "Zoom" company as it targets institutional accounts through its AR platform.
The recovery should be underway and a 23 eur PT could be realistic.
Watch to stop if the stock drops below 11 eur.
USDTHB Reverse Cup and Handle (Exotic)As you can see on the 30 min chart for USDTHB there is a Reverse Cup and Handle forming. The price should go down to the support level where it was formed (supply zone) and then form the handle. Any news can move the currency in another direction though so this is just a personal analysis but it looks to be correct :)
PowerHou$e SPY TARGETS 16.9.22 Reverse Gamma continuedIdea continued of successful CPI trade. PPI tomorrow 830am EST , sideways and down market action predicted, reverse gamma squeeze, ultimate 3 standard deviation move to downside this week. potential place to load up on further puts tomorrow to price target for Friday.