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PLUG: Time to buy?Hello traders and investors! Let’s talk about PLUG today! The stock is highly speculative now, so, let’s see what’s going on here, and proceed carefully. Usually, I see drops like this as opportunities to buy . As someone who’s out of PLUG, movements like this caught my attention, yes, but there’s a right way to proceed on situations like this. Now is not time to sell , the time to sell was during our last analysis about exit strategies, nearly 2 months ago, which was a public one and the link to it is below this idea. What’s more, movements like this, caused by news, often don’t change the main trend. I’m not here to talk about news or fundamentals, just Price Action . PLUG is near a support level, and as far as I know, we must buy near supports – but only if the right pattern appears. Since we still don’t know the short/mid-term impacts of the volatility, we must wait for a bullish pattern, be it candlestick or chart pattern, before jumping into any conclusion, and set the appropriate R/R ratio for the trade. Now, let’s see the weekly chart: In moments like this, it is very important to set the R/R ratio and the right size of your position because if PLUG doesn’t react quickly, and it loses the 21 ema, then the next target would be the $ 30.40, or even the $ 22.25. I find it unlikely to drop, because since it did a top in January, the volume was low, mostly below the average, and this doesn’t indicate a real sell-off, just a pullback. All I know is that the R/R ratio is good for the bulls, but there’s nothing to do now, but wait for some confirmation . And if you liked this analysis, remember to follow me to keep in touch with my daily studies on stocks, and if this idea gave you a new insight, please, support it with your like! Thank you very much!
NASDAQ:PLUG
by Nathan_The_Finance_Hydra
16
Bitcoin - Resuming uptrend one more time - 67k/69k TargetBitcoin - Could be reversing now as it bounced off the 50% retracement level of wave 3 and the 161.8% projection of wave 2. So, as long as that 53270 low isn't breached, we should continue higher here. On the 5min chart on the left, it looks like we are finishing an impulsive move, therefore, if you're not in yet, you can buy on the pullback. Look for potential support at the Fib retracement levels but I think the most likely one is the 38.2% retracement.
BITSTAMP:BTCUSDLong
by ElliottWaveBelgium
3
GPS - Getting ready to break out of a 20 year base ?!I'm late to the party here but we have clean price action and wave count, we can therefore take advantage of the smaller mouvements not only the bigger ones. In this case, I'm waiting for the orange wave iv pullback to start initiating some longs that could yield some 20%-25% without much risk. Red wave iv will be the more interesting move afterwards. Btw this stock has been consolidating since 2000 and could get ready to breakout ! And you know the saying, the bigger the base, the bigger the breakout ! So, definitely keep this one on your watchlist and even think about putting it on your longer term portfolio. Another very interesting aspect is that Dividends could come back soon!
GLong
by ElliottWaveBelgium
ZM - Getting ready to rally again ?Since price topped October last year, I've been on the sideline with my clients and put this one back into our watchlist a few weeks ago. Now it seems about to have finished a 3 waves correction wherein wave B is a Triangle. Triangles precede the last actionary wave in the pattern of one larger degree. Simply put, it signals that the end of the ABC correction comes after one more move to the downside, in this case after wave C. This gives us a reason to look for a reversal point. That reversal zone might just have been found as price bounced off the green 52week EMA and the orange anchored VWAP. Notice also that price, although it went a bit below the 100% projection of wave C compared to A, is now holding above it. Same for the 23.6% retracement level of wave 3. So, for now, as long as price doesn't go below 309, I will look to buy and hold this one towards 441 at first followed by the ATH at 588. If price does go below 309, I won't dismiss my bullish view but I will stop buying until I have reasons to believe that red wave C ended and price bounced off a potential reversal zone.
NASDAQ:ZMLong
by ElliottWaveBelgium
HD - Great stock with high dividends! Buy and thank me laterWe have a clean 5 wave impulsive move from the March 2020 low to August, followed by a clean 3 waves correction . Classic chartist among you can see a clean Bull Flag . I will maintain my bullish outlook as long as price doesn't close below 247! Trade it according to your own methodology. Personaly I'm already positioned and will look to add a bit on a pullback and once price breaks above the channel. My targets are 325 at first, followed by 380 and 500 next but it will probably take some time before reaching that level. Anyhow, Risk/Reward is a good 1/2.5 if buying now and going for the first target only, so I see no reason not to look to buy this stock.
NYSE:HDLong
by ElliottWaveBelgium
7
SPCE very good risk vs reward. Perfect entry point!SPCE has been a very volatile stock but the line I drew it seems like it acts like a magnet. No matter how high the stock goes the magnet pulls it back . If you were thinking to make a play in this stock or add to your position, now it is the time. I don't have a future target price in mind but this is a good entry point IMO. Currently is way oversold! I am not a financial advisor, and this post is informational only. Trade at your own risk.
NYSE:SPCE
by w0nderw0man
2
AAPL: Key Points that we must keep in mind!Hello traders and investors! Let’s talk about AAPL today! First, it hit the bottom level of the Descending Channel we talked about in my last analysis. The sentiment is still bearish, and it lost the red line at $ 120.45 as well. But there’s a light at the end of the tunnel. Right now, AAPL is reacting very well, and if it closes above the red line, the market may see this movement as a false breakout from a support level. This is better seen in the daily chart: Yes, we had a H&S chart pattern , and the target was already hit, at the previous support level, which is the same $ 120.45 (black line). Yesterday, AAPL closed under this support level, but if it closes above it today, then we’ll see a false breakout, and this could be very frustrating for the bears. The investors may be attracted by AAPL, as the R/R ratio is very good near this support level. But the bias is still a little bearish, so, let’s be careful and wait for more confirmation. Remember to follow me to keep in touch with my daily analyses and updates, and if this idea helped, please, support it! Thank you very much.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
FCEL: A new Key Point that we all must be aware of!Hello traders and investors! Let’s talk about FCEL again! It has been a while since my last analysis about it, so, let’s see how it behaved since then. The link to my last analysis is at the end of this analysis, as usual. I wrote my first analysis about FCEL when it dropped about 20%, after some news about a public offering, and some people were extremely concerned about it, but since I’m a Price Action trader, and the only thing that interests me is a good Risk/Reward ratio , I thought it was a good idea to invest at FCEL, regardless of how pessimist the sentiment was. The stock went up from $ 7 to the $ 30, and now, it is at $ 13 again. The thing is, it did a Head and Shoulders chart pattern in the daily chart, but it already hit its target, which is this black line at $ 10.98. The black line is the most important Key Point to keep in mind in the short/mid-term , and it must not lose it, as it could engage in a real bear trend and seek for lower levels, maybe the $ 6 again. Let’s see the weekly chart for more clues: See how crucial is the area where FCEL is right now? It is sitting above the black line, which worked as support and resistance in the past, and it is above the 21 ema, which is another support level in the weekly chart. If FCEL is about to react, it’ll be soon, but as long as we don’t have any good signs around, I’m not entirely convinced that it’ll keep pushing up. What we need is a good pattern, and an increase in the volume to resume the bull trend . In my view the moment to buy FCEL has passed, and now it is time to manage positions, and watch the key points mentioned. But we might see something interesting around. Let’s monitor FCEL closely from now on, as it is in a decisive moment! And if you liked this analysis, remember to follow me to keep updated, and please, support this idea with your like! Thank you very much!
NASDAQ:FCEL
by Nathan_The_Finance_Hydra
9
USDCHF Long with 2 confluences (Zero Indicators)Confluences: 1: Weekly chart trendline breakout. 2. Trend is bullish with price making Higher Lows and New Highs. Entry: Price is over extended at this point in time. This creates the risk of price pulling back to retest the previous high or the trendline while at the same time creating new higher low. This when we can start looking for entries and reassess the risk reward ratio for this particular trade. Will be looking to take entries later next week if the setup is till valid. Will be looking to holf this position for 3-4 week or until target is reached (Which ever comes first)
Long
by NDOBObanks