$TAN $SOL etc long term come back?Hello,
The solar sector as seen by $TAN appears to be ready to stage a come back. Money has started to flow into the sector as seen on the CMF and is displaying bullish behavior. On book volume has crossed the average and appears to be showing accumulation of solar stocks. Momentum is returning to this sector. Over the summer months Jun-August we will probably see a solar come back. My favorites for this are
$JKS $TAN $SOL and $FSLR
Best of luck. As always, I am not responsible for your trades. Control your risk. I am not responsible for your profit or loss. I only provide ideas.
Sector
ASX:XMM - Keep a close watch on sector and companiesASX:XMM - Keep a close watch on sector and companies
~The sector is in an uptrend after making a bottom in Jan 2016
~the previous high was made in Nov 2008
~after a gap of close of 13-14 years sector has come to the limelight.
~Strong global demand
~China demand for minerals
~ Global infrastructure post-COVID-19 - Govt push
~DON't forget over 50% of the consumption of iron ore is from infrastructure
~Iron ore consumption worldwide increasing steadily
~ ASX listed companies in my watch list.
1. $BSL
2. $CHN
3. $DEG
4. $ILU
Trend analysis
Fundamental analysis
Beyond technical analysis
Uranium Play URCCFLast week we hit the 56 weekly bar. This week should be interesting to see if we continue higher, pause, or correction
$MOXC entry PTs 4.31-4.45 Target PTs 7.40-9Moxian, Inc. operates a social network platform that integrates social media and business into a single platform in China. The company's products and services focuses on creating interaction between users and merchant clients by allowing merchant clients to study consumer behavior. It serves small and medium sized enterprises. The company was formerly known as Moxian China, Inc. and changed its name to Moxian, Inc. in July 2015. Moxian, Inc. was founded in 2010 and is based in Hong Kong, Hong Kong.
Before IndicatorsI don't really publish but I do get a lot of messages/questions about how to trade successfully.
The most common question that I get is "what indicator do you use?" or "what is your trading strategy?"
So, I decided to answer these questions in this article.
I believe those questions are actually the wrong questions to ask and therefore, you will get a dis-satisfactory answer 9 times out of 10.
I think the write question would be "how do I know where the money is?"
Once you know where the money is, you can than use the indicators to make an investment decision.
I always tell people:
"Securities (stocks) are within the sector, the sector is within the index and nobody beats the index."
It maybe confusing to you but to explain in brief, the institutional investors invest in a sector rather than one security.
Let's take a look.
NASDAQ:CELS
chart for Nasdaq Clean Edge Green Energy
Then compare to ENPH (solar panels)
NASDAQ:ENPH
Also, BLDP (fuel cells for electric vehicles - clean energy)
NASDAQ:BLDP
What do you see? Any similarities? I have more examples but I would think you would get the idea.
Korean Market examples: please look at the low of 2020.10.27 - though you get minute differences of the chart appearance, I think you get the idea.
KRX:089980
KRX:247540
KRX:336370
When you compare these charts, what do you see?
Personally, before I use any candles, moving averages, or any other lines or indicators that people ask me about, I look for accumulation within a sector.
Then I pick the security that I want to trade in....
I hope that helps!
PS. I started trading ENPH and BLDP on April 3rd 2020. Went long...swing trading within the long investment and made a full exit of both investments on the 10th of Feb. 2021.
DOMINO'S 🟥 Correction into earnings may present bullish levels💬 Domino's (DPZ) has performed very well recently as delivery options were expanded and people relied on the delivery giant during COVID.
We love cheap delicious pizza, and we may fall in love with Domino's going into earnings July 16th, let's see what levels look like going into earnings for the DPZ bulls and bears alike.
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Support:
S1: The S1 orderblock at the most recent swing low is the first point of support for the bulls, we are essentially already at this level, and it would be a logical place for the bulls to hold above. That said, earnings are a ways off, so lower support may be needed.
S2: The S2 S/R flip is where price most likely finds support. It would be logical for price to remain range-bound until earnings, and this level is the one to hold if that does end up being the case.
S3: If the COVID fears get the better of the market, or if we see some unexpected DPZ FUD, then the S3 orderblock could work as a support of last resort for the bulls.
Resistance:
R1: The R1 bearish orderblock is the only real resistance to worry about here. If the bulls can send it past R1, then we are almost certainly going to make new highs. If the bears can defend R1, especially after earnings, then it is a bad look for this titan of pizza.
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Summary:
The bulls will want to hold the current range into earnings, likely by way of an ABC correction as shown on the chart. A move off S2 and above R1 into earnings or after it is ideal for the bulls.
The bears will want to defend R1 to ensure the Domino's COVID FOMO ends here.
Resources:
www.earningswhispers.com + wtop.com
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BOEING ($BA) | Is Everything With Wings Taking Off? ✈️👨🏽✈️ Boeing and airline stocks have performed very well recently, in-fact many of the stocks beaten down by COVID are on the move. Of all of these stocks, Boeing has one of the best looking charts around. Add to that that production is ramping up along with demand, and we have a great justification for a long position along with the newly formed bullish uptrend.
Resources: www.thestreet.com + q13fox.com
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1. Fractal Trend is showing a freshly formed uptrend (Aqua colored bars) on the 1-hour timeframe.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines).
3. The play here is to buy a potential pullback to the S2 orderblock and S/R flip, as we suspect it will act as support due to the significant recent reactions to this range.
4. Our stop is placed below S2 and our target is a retest of the current R1 orderblock where we expect to find resistance. This gives us a solid 5.31 R:R.
Although Boeing may just keep going, we don't think it is heading for more downside unless the broader market sees a significant change. Given that, the logical play for us is to buy support. Of all potential supports which retain the bullish structure, S2 is the most logical, and given that the rest of the setup falls into place.
Good luck frequent flyers!
Easiest Trade, fundamental calls for pull backWe have artificially propped up market condition with high prices and low volumes on any matrix. Financial sector is not untouched by it. Recent rally in financial sector feels more like a speculation than value investment. But we're all allowed to speculate so power to all market participants.
However the rally calls for pullback and there's a easiest trade case to be made about FAZ which is 3X leveraged Financial Bears ETF. with great upside returns due to a pullback on fundamental levels. Be aware leveraged ETF is not a product to hold for a long time so quick returns enthusiast should understand risk before buying. Good Luck !
ITB channel breakoutHomebuilders have been behaving well in a channel since the market low of march 23rd.
Tuesday after memorial day was the first break out of the channel, and today's participation continues to give the sector a more positive view.
Next tested resistance which is all time highs around $49.5
Next strong support is the 200sma (red line)
RSI is taking us to overbought level (relative bear)
OBV trending higer (bull)
We are seeing some sort of rotation to more cyclical sectors. I am checking out for IYT, IYF, XLI.
Aurora Cannabis - Godly swing trade setupThis might be a long analysis but let me explain why this stock will go higher than Seth Rogan on 4/20.
The stock market and the cryptocurrency markets continue to trend up and we are starting to see companies in all sectors start to break out. This stock is an amazing opportunity because it recently dropped 17% to 1.65 based on FUD. Do not let FUD news influence your judgement, let the TA influence your judgement. Aurora is fundamentally stable and the growth of cannabis is inevitable due to Millennials and Generation Z. This company is on a secular uptrend but it has recently followed the rest of the cannabis stocks such as CGC on the way down. But it's gone down far more than I believe is reasonable. Do not fool yourself to think that it's the company doing really bad, it's not doing bad enough for this to disregard supply and demand, its the sector going down. It's not sustainable for this sector to continue a downtrend in the middle of a bull market. A lot of sectors have already curved out of the pullback phase and began their uptrend. With that being said, the possibility of a swift bounce to $4 in the short term is very likely. Another aspect we need to look at is the triple top at $10. I believe if the stock curves up to 4$, then the momentum should push price beck up to the triple top, which will certainly be broken(similar to the tesla trend). This stock should swing to $15-20.
Let's get into some indicators:
30 week moving average: normally I look for the stock to be crossing the MA for me to be sure about a reversal but the stock fell so sharply that it skewed the 30 and 50 week MA's. They do NOT hold relevance at this moment in time. It will very soon when the stock is trading at around 4$ and then we should start seeing a cross on the 30 week MA, instead of this MA that looks scary.
RSI: the RSI is bottomed out, I use 30 with a 30 MA on mine because I dont like using the 14 RSI, I think it caps you out too soon. According to the RSI we have a massive amount of room for momentum. You can call me cynical but I've been doing this for a while and I know this stock has enough momentum for a swing to $15-20.
MACD: we had a bullish cross on the MACD on the week of January 13th.
Volume: we can see the bottom being caught by large volume. The bulls are here, we're buying the support level. If you zoom in to the daily time frame you will also spot an inverse head and shoulders pattern that's still holding even after the recent 17% drop.
Horizontal Support: we're holding a massive support level from 1.30-2.00 that's relevant from OCT of 2016 to OCT of 2017.
So to wrap things up, we have several bullish indicators and we know there was a massive influx of volume on the triple top level around $7-10 and a massive support level at $1.30-2.00 from 2016. We're in a bull market and the company is not doing bad. Aurora will shoot up.