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Sidewaysmovement

Time to accumulateTechnical Analysis (Neutral - positive bias) ATA IMS remains in sideways/bearish bias after failed in an attempt to continue its bull run. Nevertheless, it is good time to accumulate as the current price is near to support level 1.23, 1.20. The stochastic level near to oversold range indicates the current trend (sideways/bearish bias) might be over soon. Stochastic Crossover is required as a bullish signal to change trend. Fundamental Analysis (Neutral) ATA IMS is badly hit due to factory closure during the MCO based on result FPE 31 March 2020 and the impact shall remains for FPE 30 June 2020. Despite that, it is still able to record positive earnings. In my opinion, it can witstand the COVID-19 headwinds due to healthy balance sheet (strong cash pile).
MYX:ATAIMS
by krulefahmi
I am just waiting for the bearsAgainst 108.20 the USDJPY should fall in the next movement of wave (iii). The momentum should come and the target could be 106 or more. There are two strategies, before the break(aggressive style) and after the break(conservative style). At the moment I can say that the price must not go above 108.20! Important Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management. Disclaimer Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short
by MoodandMarkets
2
Sideways in actionNext wave down should come in the process of wave B after moving sideways. I am waiting for a false break upward from the narrow sideways then after the target is at 1.2350. There are two strategies, before the break(aggressive style) and after the break(conservative style). At the moment I can say that the price must not go above 1.2530! Important Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management. Disclaimer Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short
by MoodandMarkets
Dive in the deep After a long rising in a five wave structure and run into the wall of 0.7070(as I was expected this in the related idea) it seems the price should fall into the deep by a corrective wave. Not to mention that the rising trendline is about to break down. So I'm waiting for the breakdown and an accelerating decline. There are two strategies, before the break(aggressive style) and after the break(conservative style). At the moment I can say that the price must not go above 0.7070 adding it that there is not to much space for further rising. Important Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management. Disclaimer Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short
by MoodandMarkets
Indra: Seizing sideways momentum call opportunity?Indra is moving inside a lateral channel with a slight bearish trend. In the last days there have been good news about projects that are being signed (i.e. Defense, Ireland) but it looks like global pandemic situation is making investors undecisive whether to hold positions on the stock or withdraw. Lond term trend is clearly bullish. The company was planning to get back to dividend payments suspended back in 2014 and now due to covid19 it has left this topic in standby. The truth is that if I think markets are going to throw-back around July 14, IDR may not have time to do its last swing and may go further down to levels seen in 2012. However, if tomorrow decreases a sharp 6%, depending on the global market news we might experience a rebound on Monday or a continuing decline until 6.395€, the base of the slightly bearish channel. So we must be very focused on what happens tomorrow in macros, news, covid19 new outbreak and market sentiment and operate consequently. On the weekend there might be as well some news or none that may affect the global stockmarket sentiment. One thing is for sure: There is a lot of volatility and one could benefit or lose with it.
BME:IDRLong
by alexinve
1
Closer to the frontlineThe key zone is around 10 - 11.000. This is what I called as a bull trap in the related idea and the situation is absolutely the same. So I expect one more upside movement to the trap zone, what's more, I would like to see even a failed breakout, and then after a huge reversal. Before this, the falling channel should break upward and then open the space for rising. Trade below 9100 will pause the bulls and erode the price to 8300 where the next support zone is lying.
COINBASE:BTCUSDLong
by MoodandMarkets
Support zone & Sideways moving comingThe upper line of the channel should be support zone beside that it could reach 1.2450. So I wait for one more upside movement to a little new high to 1.2660 - 1.27 resistance. And after that coming a backtest once again so we should prepare for sideways trading. My view is on the Elliott pattern. I do NOT like the pejorative phrases like OVERBOUGHT/ OVERSOLD in the trend, but in the sideways movement, I take the overbought/oversold situation seriously in bounded indicators like RSI, Stochastic etc. So if I am right in the sideways view then Overbought will create a falling and vice versa.
Long
by MoodandMarkets
USDCHF ShortALOHA Hope your May is on pace for dominance! There have been a lot of nice moves that I was not personally to capture but still stoked to be watching the strategies play out. I am currently sitting at -1% for the month with 3 BE trades. I am currently look at USDCHF reversal short. D - Price does not always have to touch a resistance or support line, the ray lines represent areas which is why i condsider this a triple top in my analysis. Within an overall side ways channel. 4hr - Overall price on USDCHF is moving in nice patterns. Ascending channel, within horizontal flag. Multple touches before price moves. , nice confirmations. The only thing however, is the 4hr 50ema being in the way. I'm anticipating price hovering around that area which will then decide where the market wants to go. 1hr - broke below 50ema, creating a minor hover just under it after nice bearish engulfing run. Waited to put entry until new market day. Will hold over the weekend or get taken out. It is what it is. Thanks for reading. have a good weekend traders. Since typing this up, trade was triggered due to spreads. It is what it is.
Short
by Reid_Hicks
1
Bitcoin Double Three correction?Hi everybody. Wanted to share possible scenario for BTC/USD price action.. From what I see right now, we might be in double three correction a pattern (Flat / Any three / Triangle)... Original target to buy more BTC or open longs are at $5780 (also 0.786 fib) . Keep in mind, that I drew only preliminary triangle as it might change as time goes by. There is a slight chance to dip lower and touch $4580. Be aware! (Lower dotted line might be a good guide if that occurs.) Not much to add here.. More sideways action until the Halving in May.. This is not a financial advise!
BITSTAMP:BTCUSD
by Patrikas10
2