WALT DISNEY - Sell OpportunityThe price is at the resistance zone between 115.00 and 116.00 levels. We get a reversal candlestick pattern which can be used for opening sell positions. If the price drops below the low price of this signal candle, it will be a confirmation of the further downward movement. The targets for the sellers should be 112.00 and 109.00 levels.
RSI is going to confirm the price reversal from the resistance zone. MACD and DMI still support the upward movement, but for getting additional signal confirming the strength of buyers, the price will have to move above the high of the signal candle and stay above the resistance zone.
Shares
TPG presents itself with a buying opportunityAustralian Telco TPM.ASX has been bashed down after failure to bring 5G via Huawei. However now looks set to continue its run upward.
Which way will BYOT go?Huge rise, then fall on the day they announced EPA approval
for their sanitiser product.
But a few days after, the market seems mildly positive.
Moving averages on the daily chart are now in alignment and bullish
BUT: MACD on weekly chart shows bearish divergence
So you decide, which way will it go?
DX strong breakout from 8.48Strong breakout for DX from 8.48 in the last few days.
Wait and see what the long term effect is.
TESLA - When to BuyIt was a good trading opportunity for buying Tesla shares when the price bounced from the support zone. RSI confirmed the price reversal. MACD supported the further upward movement.
The market moved upward, and now it's not far from possible resistance zone formed by lines and level. They are SMA50, the downtrend line and 300.00 resistance level. This zone will be able to stop the market and push it down to the previous lows. If so, new reversals from 250.00 support will be good for buying, as it is the local bottom for the market.
But what if the price can pass through the resistance zone? If so, it will confirm that buyers have power for pushing the market higher. The long positions can be opened based on the breakout signals above the downtrend line and 300.00 resistance. Stop orders for such long positions should be placed below the local swing lows and profit targets should be at the higher resistance levels.
TESLA - How to TradeThe market is in a downtrend. RSI, MACD, and DMI confirm the further downward movement and the strength of bears. But we have solid support at 250.00 level which could stop and reverse the falling market in the past several times. Probably this time we also will see the same price action at this support. If so, we will be able to open buy trades based on a confirmed reversal signal with stop orders below 250.00 level and the local swing low. The primary profit target should be at the downtrend line and 280.00 resistance level. If the price can break this resistance zone, we will get a trend reversal with a new buying opportunity based on the breakout signals.
FB - Facebook and the symphony of destruction!
Let's go through on what brought, one of the most prestigious companies of the planet on the social network business. Into the path that crushed their reputation
Cambridge Analytica Scandal- 17/03/2018:
The scandal is dated backed in 2014, based on the recent investigations, where the data of at least 87 Facebook profiles are harvested by the Cambridge Analytica, for politics manuevers and behavior manipulation. Politicians around the world took advantage of this tool to manipulated the public in order to get votes. CEO Mark Zuckerberg's had to testify in the Congress about it such misconduct and mistreating of personal information of the users. That was one of the firstest and biggest steps of the company into this one way of disgrace and a probable fine of $6.9 bn. By this time the campaign #DeleteFacebook gained traction.
Security Breaches - 28/09/2018:
Facebook discovered back them a security breach that allowed a virtual attack to the 50 million accounts, the breach could have extended to third-party apps, that the users logged in through the Facebook.
The privacy issues - 15/12/2018
A bug has affected at least 6.8 users where developers of third-party apps could see photos of the users without there hadn't posted yet. Back in June, a glitch made 14 million users posts don't stay private as first intended.
This sequence of events led Facebook to lose trust and reputation ( Facebook lost the 43º place in the rank straight to the 94º place of the list). Facebook users have dropped like never before. We have to stay sharp about this, because different from other model business, social networks usually don't gain back the trust of the users so easily, since the sector changes fast and competitors are ready to hunt down the business, like a pack of wolves, at the first sign of weakness and Facebook has made too many of them.
But if you are thinking about Instagram as hope for profits and survival, keep in mind that the U.S. FTC is considering block the Instagram acquisition. If that becomes a reality, we can take this as a possible end of the road for the company.
The technical details about how this could plays out in the price are highlighted above at the chart.
Thanks for reading this analysis, leave your comment and opinions below if you like, have nice trades.
[FACEBOOK] SIMPLE BEARISH SETUPHello Traders,
a simple bearish setup to share with you….
COMPANY PROFILE
Facebook, Inc. is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Instagram enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends. Messenger allows communicating with people and businesses alike across a range of platforms and devices. WhatsApp Messenger is a messaging application that is used by people around the world and is available on a range of mobile platforms. Its Oculus virtual reality technology and content platform offers products that allow people to enter an interactive environment to play games, consume content and connect with others.
Sector: Technology
Industry: Internet Services
Employees: 35.587
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Where next for Greene King? I'm bearish.Despite the attractive dividend, Green king is in a downtrend and loos like it could go even lower.
Only a fundamental change in the business can change the bearish sentiment.
[FORD] BEARISH SETUPHello traders!!
From a technical point of view it is possible to try to take a short position on a potential technical rebound. The R/R ratio is also good (>1:3)
COMPANY PROFILE
Ford Motor Company is a global automotive and mobility company. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. The Automotive segment primarily includes the sale of Ford and Lincoln brand vehicles, service parts, and accessories across the world. The Financial Services segment primarily includes its vehicle-related financing and leasing activities at Ford Motor Credit Company LLC. Ford Smart Mobility LLC is a subsidiary formed to design, build, grow, and invest in emerging mobility services. The Central Treasury Operations segment is primarily engaged in decision making for investments, risk management activities, and providing financing for the Automotive segment.
Sector: Consumer Cyclicals
Industry: Auto & Truck Manufacturers
Employees: 199.000
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Shorting Starbucks sharesOn the daily chart of SBUX, the price has formed a Two Peaks sell signal. According to my Elliott wave structure, the price has finished the 5th wave and now I expect the instrument to start the ABC zigzag, which is my profit zone. SL, TP and entry levels are marked on the chart.
Go Compare: 9 months to break 117It took 9 months for GOCO to break 117
Retest at 121 - now heading higher
DYOR
EVR Pushing the ATH.EVRAZ is pushing its ATH- which was last years YR3. As can be expected there are some signs of profit taking at this level but shares are being bought up immediately and if this continues EVR will break its ATH into clear skies. 603 is the YR1 pivot. Looking at last year there was a major pullback each time EVR reached a yearly pivot so waiting for a weekly close above, or buying the pullback is the move.
Volume profile shows a double distribution with the POC at 376, however value is consistently building higher into a positive skew to support the bullish thesis, with the POC for the broadening formation at 535.
Fundamentals are excellent, as is the dividend. Stockopedia 99/99.
APPLE (APPL): The biggest dump in historyAPPL has suffered the biggest dump of shares in its history. Price has bounced back by still less than a 38.2% retracement (at this time). Now price is struggling at a key inflexion point. Will APPL recover? I don't know - as I cannot see into the future. The probability estimate at this time is further downside eventually on the weekly to 3-Daily.
Good results from ReckittIs this time for Reckitt to reverse and head back upto 72?
Could form double bottom reversal and head upto 87. Time will tell.
Dow's last dance - 29'360 Greetings guys,
Here is update for our long-term DJIA and whole global stock market scenario.
We already talked about all time targets on DAX and NASDAQ that have been hit last year. But Dow has not touched it yet.
We expect last upside effort to ~29360 where all-time (since 1929 Great Depression lows) 1.618 target stands.
As you understand, as soon as this target will be hit - we expect long-term bear trend on all stock markets across the board.
ASX Double Top. The end to the bull run!!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-2 Weeks
Actions on -
A – Activating Event
Market will meet resistance in zone @68.90 - ..... and fall to @ 58.00. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 58.00
ASX:ASX
Trade Management
Entered @ Sign up for mentoring
Stop Loss @ Sign up for mentoring
Target 1 @ 58.00
Target 2 @ ....
Risk/Reward @7.1
Happy trading :)
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
IS THE CORRECTION COMPLETE OR WILL WAVE 5 COMPLETE FIRST?Growthpoint Properties is a diversified property investment holding company incorporated and registered as a public company on 12 October 1987. Growthpoint shares are listed for sale under the Financial Services Real Estate Investment Trust sector of the Johannesburg Stock Exchange (JSE), and the group is today one of the biggest players within the sector. The company boasts a portfolio of 525 properties which provide 6.7 million m² of retail, office and industrial space to leading businesses in South Africa and Australia. They also have a majority stake in 53 Properties which are valued at R22 billion. One of Growthpoint‘s biggest investments is a 50% stake in the properties at Cape Town’s V&A Waterfront, valued at R6.8 billion.
Technicals
As you can see on the chart above, there was a spike down to the 50% Fib retracement level as indicated with the red arrow. This is a strong level of support and the rally from there could continue on upwards if this is the formation. I would not be surprised to see wave 5 complete to the 61.8% Fib retracement level before we see the break to the upside but due to the break of the structure at the top of wave 4, it is also possible that the rally will occur soon.