High FIVE to FIVE for showing upside to come to $238.28Cup and Handle has formed since 2022 which broke above recently.
The price has come back down in the handle but it seems like the price wants to retest the uptrend.
7>21 (Bullish)
Price >200 (Bullish + Green back)
RSI >50 (Bullish - Green back)
Target $238.28
CONCERN:
We are seeing the price come down below the Handle. This isn't ideal after a breakout above the brim level as investors start getting spooked out of their trades.
I would consider this a medium probability trade and we should let the price come back a bit.
Stockmarketanalysis
Okta in a flag?OKTA - 30d expiry - We look to Buy a break of 74.31 (stop at 68.78)
Short term bias has turned negative.
A break of the recent high at 74.31 should result in a further move higher.
Short term momentum is bullish.
Price action looks to be forming a bullish flag/pennant.
The bias is to break to the upside.
Our profit targets will be 86.96 and 87.96
Resistance: 74.18 / 78.00 / 87.50
Support: 66.00 / 62.40 / 60.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Rudhrabhishek enterp. ltdToday I am sharing my new stock technical analysis and I think this stock stand its last 200 Day EMA and made the strong candle here so our strategy should be watch it deeply if it sastain this level than stock can make big move from this level. I already give my strategy in chart so I think it will helpful for us.
Note- This is only for study not any recommendation Thank You
Union Pacific dips continue to attract buyers.Union Pacific Corporation - 30d expiry - We look to Buy at 204.44 (stop at 194.90)
Prices have reacted from 183.70.
Levels below 205 continue to attract buyers.
This stock has seen good sales growth.
The primary trend remains bullish.
A break of 221.71 is needed to confirm follow through bullish momentum.
Our profit targets will be 227.88 and 232.88
Resistance: 216 / 222 / 230
Support: 210 / 205 / 203
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Ingersoll-Rand (India) Ltd (Small Cap)I think this stock will be a wealth maker in the long term. Bonus point is Promoters holding 75%(Max. holding according SEBI guidelines) and FII's holding increasing continuously and company paying nice dividends and reinvesting of it's earnings and doing expansions. Recently company announce that they will setting up own new plant in GUJRAT. The Co. serves Industries like Aerospace, Chemical Plastics & Rubber, Consumer, Electronics and semiconductors, Environmental, Food & Beverage, among others. Co. has a strong brand presence in the Indian compressor market with a dominant market share of over 45% in the centrifugal compressor segment.
Working Segment:- Ingersoll-Rand (India) Ltd. engages in the manufacture and sale of industrial air compressors. The firm offers products under the following brands: Club Car, Ingersoll Rand, Thermo King, Trane, ARO, American Standard, Ameristar, ARO, BuTech and much more. The company was founded in 1921 and is headquartered in Bengaluru, India.
Tracking the China reopening basket: HSI, Copper, KRW and AUDSince early November, when China initially hinted at lifting statewide Covid restrictions, a basket tracking assets linked to the Chinese reopening story has surged by 22%.
In the last 11 weeks, the China reopening basket, which is equally weighted with copper , Korean won , Australian dollar , and the Hang Seng index , has outperformed a global stock market (MSCI ACWI index) benchmark considerably.
The China reopening portfolio has gained 22.3% versus a 6.8% gain of the MSCI All-Country World index since November 1st. Because the total volatility of the China reopening basket has been lower (19.2% compared to 21.8%), the Sharpe ratio has been even more positively skewed (9.61 vs 1.89).
The Hang Seng index, which has climbed by 45% since November, has been the portfolio's best contributor with a weighted return of 11%, followed by copper with a weighted return of 5.3%.
JEF Jefferies Options Ahead of EarningsLooking at the JEF Jefferies Financial Group options chain ahead of earnings , I would buy the $37.5 strike price at the money Puts with
2023-1-20 expiration date for about
$1.30 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Is now the time to buy stock indices?The Russell, and other stock indices, have been in a retrace move since November 2021. High inflation and fears of a predicted recession are the driving force of the current downside.
Is now the time to re-enter equities? Is the retrace move coming to the end? Have the markets found a bottom?
Here are my thoughts...
Fundamental Analysis
Inflation is coming down and seems much more under control. High inflation and rate hikes are no longer a shock to the markets but have become a norm. Obviously, inflation is still high but it does look like it has peaked. The markets are expecting further minor rate hikes to continue to bring inflation down to a more healthy rate.
Last weeks US non-manufacturing PMI figure suggests that the US could be heading into the expected recession - what has been predicted by many over the last 6 months or so could be starting to crystallise. A recession is not a good thing, but recession could be good for the equity markets, as economies will be acting as most analysts and traders have been expecting, which brings some sense and stability to the markets.
Technical Analysis
The retrace move recently found support around a key weekly horizontal level and around the 50.0% Fibonacci retrace level. On lower time-frames, price has closed above a consolidation area. All is marked on the chart above.
Summary
So, going back to my original question... 'Is now the time to buy global stock indices', my answer is 'I don't know', as nothing is certain within the financial trading, no trades or analysis is guaranteed. Saying this though, I went long last Friday based on the analysis in this post. If price does swing lower, my next areas of interest are around 1650 and around the weekly 61.8& Fib level.
Things to beware of are; inflation starting to climb again, a deeper recession than expected. Either of these things (hopefully not both of them!) could bring stock markets lower.
DexCom to breakdown?DexCom - 30d expiry - We look to Sell a break of 108.48 (stop at 113.03)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of the recent low at 108.68 should result in a further move lower. This stock has seen poor sales growth.
Levels above 122 continue to attract sellers.
Our profit targets will be 97.11 and 95.11
Resistance: 118.00 / 120.00 / 125.55
Support: 108.68 / 105.00 / 100.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
The Trade Desk approaching critical support.The Trade Desk - 30d expiry - We look to Buy at 40.51 (stop at 37.39)
Levels below 42.00 continue to attract buyers.
40.00 continues to hold back the bears.
Daily signals for sentiment are at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Dip buying offers good risk/reward.
Preferred trade is to buy on dips.
Our profit targets will be 48.31 and 49.31
Resistance: 46.80 / 50.00 / 55.00
Support: 42.50 / 39.50 / 35.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
FedEx: Bearish consolidation in short term?Hi everyone!
FedEx's main trend still remains bearish, but in the near term we are following an interesting technical rebound, that said, our guess is that the price action might need some consolidation on the intraday chart with a target 1 around $168.
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CF Industries Holding Analyze!!!🌿CF Industries Holdings, Inc. is an American manufacturer and distributor of agricultural fertilizers, including ammonia, urea, and ammonium nitrate products, based in Deerfield, Illinois, a suburb of Chicago. It was founded in 1946 as the Central Farmers Fertilizer Company.
After growth of about 500%😱 in the last two years, CF Industries Holding has finally exited its ascending channel.
I expect CF Industries Holding to decline to the minimum support zone (about 15% down).
🔅CF Industries Holding Analyze ( CFUSD ) Timeframe 2Days⏰.
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CRM Salesforce.com: Bigger Drop ComingHello friends, today I am completing a technical analysis on the 1M linear scale chart for Salesforce.com ( CRM ), traded on the NYSE.
#CryptoPickk notes the following:
1) Salesforce.com price has been falling month over month, down about 20% from it's all time high price.
2) The price has been supported by a multi-year arc line (in red color). In the past year, the price was supported by a rising trendline (in yellow color), however it broke that support and has potential to fall further.
3) Historically the price has had very large swings as shown in the chart.
4) Based on a Fibonacci Retracement, the price has the potential to touch the 0.236 level around $160-$165, which is also where the price can touch the multi-year arc line. This would be about a 48% drop from the all time high price.
5) There is also a multi-year Bearish Divergence which formed that is also a major reason why a further price drop may be coming. You can see the price has formed HIGH HIGH and RSI and Stoch RSI has formed LOWER HIGH.
6) Keep an eye on the RSI (relative strength index) as it has touched the 49-50 level historically before seeing a bounce. This may be a place to potentially start dollar cost averaging in.
7) This isn't the first time the price has potential to see a sizable drop as it has shown historically that it drops and then recovers.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
NFLX | Daily Gap & Go !NFLX has held relative strength for tech stocks. Rising channel on the weekly charts.
Daily Chart has a nice little gap fill retest above $300 into $315; Thus providing a nice move especially if tech catches some love starting the year. Keep in mind earnings on (jan 19th, 2023)
NFLX calls will be looking for weekly or bi-weekly expirations above $295.50. Invalid if we fall under 292.88.
Targets in yellow (300, 303.24, 308.93, 314.72)
PMMP: Breakout With Volume Spike,Sign of Optimism in the Market?Hello Fellow Stock Global Trader/Investor!
Price Action Analysis
PMMP has broken out of the bearish channeling pattern. The breakout accompanies by the Volume Spike and Bullish Marubozu Candlestick. The MACD Indicator made a death cross, signifying a possible upside movement to the target area.
Fundamental Drives
1. Indonesia Ended the Covid Restrictive Policy on December 2022
2. Indonesia's economy advanced by 5.72% YoY in Q3 of 2022, indicating a recovery from the pre-pandemic era.
3. PMMP Target a 25% Revenue Growth By the End of 2023.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the PMMP"