Venkeys ( it can blast)Descending channel pattern breakout and consolidate if break then fire ..
Positional target 3200 3300++
Stop loss 2850 cmp 2940
Stockanalysis
Symmetrical structure . As you see one can call this a descending triangle . But I prefer to call it a symmetrical balanced structure which is in tight consolidation as time passes . You'll see a breakout . Only the ones that happen with good volumes last !
🚀 Target with next Leg up ? 🚀 NYSE:TGT
Today I want to talk a little bit about Target. As one can see this stock is in a strong upward moving trend. Since the last 52 weeks high which is around 267,23 the stock corrected by 5% and created a base between 267,23 and 253,98.
Trading Idea:
Long above 264,20 with as Stop Loss below 252,42
Important:
- Pay attention to the earnings and dividends date which are on 17th and 18th of August
Gaming Plan Best Case:
If TGT breaks out above 264,20 one can place first profit target order at 287,76 and self half there. If the first profit target order is hit, one can move the stop to breakeven. My second profit target would be around 300. Of course one can only use one profit target to sell half and use the other half to play for a bigger move.
Gaming Plan Worst Case:
If the stock squats i would prefer to sell half of the position around 258,60 and the second half at 252,42
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You liked my idea ?
Follow me in TradingView, will try to have interesting Streams once per Week.
You are also very welcome to post your suggestions and topics for my strams.
P.S: For educational purposes only, not trading advice
Microsoft weekly analysis (MSFT)Hello everyone , as we all know the market action discounts everything :)
The MSFT seems to continue its bullish movement and the stock price seems to be trading in an upward channel as we are getting higher highs and higher lows, MSFT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is also trading near new highs, which makes the performance in line with the market.
The average volume is 23872600. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both positive. This is looking good! We could be seeing the price reaching a new high soon and even maybe hitting the ranges if 290.
using different indicators to understand the trend where :
1_The stock price at 281.40 trending above the MA and the EMA. MA at 256.06 and EMA at 257.94 (bullish sign)
2_The RSI is at 74.34 and reached overbought zones showing great strength in the market with no divergences between the market and the indicator. (bullish sign)
3_The MACD showing great momentum in the stock. a positive crossover is happing (bullish sign)
Support & Resistance points :
support Resistance
1_ 276.86 1_284.38
2_ 272.96 2_288.00
3_ 269.34 3_291.90
Fundamental point of view :
MSFT's return on assets of 18.13% is amongst the best returns of the industry. MSFT outperforms 95% of its industry peers. The industry average return on assets is -4.03%.
The stock has a profit margin of 35.02%. This is amongst the best returns in the industry. The industry average is -8.63%. MSFT outperforms 95% of its industry peers.
Microsoft said Wednesday it’s acquiring CloudKnox, a start-up whose software helps companies reduce the amount of access they provide to their cloud resources. Terms of the deal weren’t disclosed.
The move represents another step Microsoft is taking to expand its security business, in addition to working to keep Windows and its other products secure.
Over the past 5 years, MSFT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.13% on average per year. And the stock has a Current Ratio of 2.29. This indicates that MSFT is financially healthy and has no problem in meeting its short term obligations.
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This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
ZENSAR TECHNOLOGIESHello friends
This stocks is gave breakout on monthly chart along with daily chart. One can take long position in it with strict sl of rs. 340.
We have to wait for small dip or correction and then we will enter.
Sl should be day's low when you will take position or 340
Target :- Minimum target is 450 rs. and more then that.
Make position as per your risk reward ratio.
This is only for educational purpose, take advice from your financial advisor before taking any position.
Thank you.
Told you about it ! Apple 1W analysis Hello everyone , as we all know the market action discounts everything :)
2 weeks ago i posted a video on Tradingview talking about the price movement for the Apple inc. stock
and now we see the market moving just like i predicted that its gonna move, the price moved up from the range of 132 to the 143 area in less then 2 weeks , i used different indicators that was provided on Tradingview to analyze the market price .
lets see how the market is doing right now and apply indicators to try to understand the movement of the Apple stock and see how its most likely to move in the next few weeks, the Market price seems to be moving in an ascended triangle and indicators telling us :
1_ price of the stock is trending above the Moving average (bullish sign)
2_RSI sitting at 69.71 showing great movement and almost reaching overbought area
3_MACD creating a bullish divergence on the 28/jun
4_Stochastic Oscillator both lines are in overbought area where %K reaching 98.59 and %D at 92.22 creating a buy signal for us ( i talked about the Stochasitc oscillator and explained how to use it in a video i posted on Tradingview
the Apple stock in a very good bullish uptrend with no signs of a reversal yet, with all the indicators and patterns showing us the bullish movement of the stock .
Fundamental analysis :
Apple shares closed today up 1.8% to $144.57, above January's record closing price of $143.16.
Apple (NASDAQ:AAPL) shares are currently up 1.4% to $144.07, continuing a seven-day winning streak and inching closer to the $145.09 record intraday high the stock reached in January.
If Apple reaches a new high, it's in good Big Tech company. Yesterday, shares of Amazon and Microsoft closed at new records after the Pentagon cancelled the JEDI cloud contract awarded to Microsoft and announced plans for a new, multi-vendor contract.
The Wall Street Journal named Apple among the potential buyers for Reese Witherspoon's Hello Sunshine, which is exploring its options that include a $1B sale.
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This is my personal opinion and not financial advice.
If you have any questions please ask
Thank you for reading.
TCEHY SELL/SHORT to 53.85 (BUY ENTRY) TICKER CODE: TCEHY
Company Name: TENCENT HOLDINGS LIMITED
Industry: US Stocks OTC
Position Proposed: BUY
Entry: NOT READY (52.70-53.85)
1st Partial Take Profit: 112.30 (April-May 2024)
2nd Partial Take Profit: 148.55 (October-November 2024)
Stop Loss: 44.90
Technical Analysis
1. Head & Shoulders (Potentially forming Head)
2. Double Bottom (Potentially forming; via Mirror)
3. Fibonacci Retracement at structure level
4. Safe Take Profit at Fibonacci Extension level 1.0 (Grey Zone)
KernLooking bout ready, we took a nice play on this back in Nov/Dec 2020 and looking like its setting up for another nice play. I like that price looks to have broken the down trend and a previous low with a strong bullish engulfing candle. I think as long as price stays above this anchor candle(the bullish engulfing candle) that price will begin to move towards the indicated target areas
IVR BUY/LONG NOW READY! 3.5-3.65 by SEPTEMBER 2021TICKER CODE: IVR
Company Name: INVESCO MORTGAGE CAPITAL INC
Industry: US Stocks Finance Real Estate Investment Trusts
Position Proposed: BUY
BUY ENTRY: READY (4.00)
2nd BUY ENTRY: 3.5 - 3.65
1st Partial Take Profit: 7.00 (August-September 2021)
2nd Partial Take Profit: 10.00 (October-November 2021)
3RD Partial Take Profit: 15.00 (June-July 2022)
Stop Loss: 2.00
Technical Analysis
1. Bullish Pennant in 1H timeframe
2. Inverse Head and Shoulders (Forming Head)
3. Double Bottom
4. Safe Take Profit on Fibonacci Extension 1.0 Grey Zone
5. 2nd Partial Take Profit on Structure level and Fibonacci Extension 1.618
6. 3rd Partial Take Profit on Structure level and Fibonacci Extension level 2.618
Caution: If chart falls to 2.5-3.2, there may have sideward movements before shooting up.
BAC BUY/LONG 43++ to 50++ AUG2021 TICKER CODE: BAC
Company Name: BANK OF AMERICA CORPORATION
Industry: US Stocks Finance Major Banks
Position Proposed: NOW READY 39.86
Entry:
1st Partial Take Profit: 43.00-43.45 (JUL21)
2nd Partial Take Profit: 49.60-50.04 (AUG21)
NEXT BUY ENTRY: 33.02
Stop Loss: 31.95
Technical Analysis
1. Broke through EMA
2. Ascending Wedge (Partially completed)
3. RSI Oversold
4. Area of Confluence
5. Fibonacci Retracement near 0.618 and at next market structure
GDDY cup and handle formation Day trade for Tuesday June 15.Technology sector has had a week of strong relative performance. Momentum indicators in full swing, 1 hour charts show bullish candlesticks until close with increasing volume. Stop loss at 83; target price 88.
Tcs trade with very low stop loss (high risk reward ratio)Tcs is showing a breakout from triangle pattern it is a correct time to enter trade because the stoploss is very low and nifty is also moving up.
Magnite (MGNI), Where now?
Magnite - MGNI
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About Magnite
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Magnite is a global advertising platform that automates the buying and selling of digital advertising inventory in real-time. It is the largest independent, sell-side advertising platform in the world with a focus on monetizing CTV and digital video ad campaigns.
Analyse
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Obviously MGNI rose more than 500% last year and this year, however, it went down sufficiently this year, from 64 yearly highest high (on 09 February 2021) to today's price of around 30
We are still on MAJOR uptrend (the 500% on 2020/2021), but currently on the SECONDARY down trend.
The question, when and if it will continue the MAJOR uptrend.
There are two major support and resistance lines:
33 (Red line) as resistance line and 25.5 (Green line) as support line.
Breaking either one is a critical step to choose a direction!
Also, We have a pivot positive breakout which is an extra sign that we are heading to test the 33 price tag!
Since we are still on a down tunnel (Yellow lines) and price doesn't break the 33 price tag (Red line) we might see a regression that can reach 22.5 (Green line) and even below, so stay alert for the unexpectable.
To sum up, for current time being it seems we are heading to the 33 (red line) Price tag! If the 33 price tag will break, we'll test the 40 (Dark green line) price tag!
Final Thoughts
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Final thoughts are Positive.
The bottom line is that I believe MGNI might continue and return to its positive main trend and this will happen unless something extreme and unexpected occurs.
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Check the status of AmazonDescription :
After a strong uptrend, we are in a side market and suffering where both cows and bears are trying, but which one will win ???
From the time of hitting the bottom of the flat channel, an uptrend line is observed. If this trend line is fully maintained and continued, we may see cows winning. For now, we should pay attention to the trend line to see how the situation will continue. It is observed that if it does not prevail, we will have to wait for further reductions.
BNNLFWeekly looking good since I alerted to buy in my group at .10c I think when dust settles this small cap uranium miner can hit .29c
DSS BREAKOUT TO THE BELOW?For the last couple of months, it looks like price action occurs in a channel for DSS.
To be honest i do not expect for price to bounce back from lower line of the channel.
It looked like price action form an M pattern on bb which is a bearish sign.
Also the real problem is here that there is a sell off in small caps along with broader market.
DSS is not a profitable company and some part of its business model relies on crpyto.
Im bearish on DSS.
