Rivian Automotive (RIVN) stock has recently hit a new 52-week low due to various factors, making it a highly volatile investment. The company's lower-than-expected production output in 2023, cash burn rate, and intensifying EV truck market competition have contributed to this decline. RIVN's Q1'23 deliveries beat estimates, but its 9.39K quarterly production...
Last week T-MOBILE stock produced a breakout setup and this week retested entry point. Let’s see if this system I put together works on stocks as well!
Gold Price Forecast in Light of Finland's NATO Membership and Potential Conflict in Europe With Finland's recent entry into NATO, there is increasing speculation about the potential for conflict in northern and eastern Europe. As tensions continue to rise between Russia and NATO, the price of gold is likely to see a significant increase. As a safe-haven asset,...
I saw a great chart published by plancton0618 (linked below) He says that there is a short term Uptrend on the SPX, at first I didn't think much about it, but I checked my mid term TPI (Trend Probability Indicator) and found that there is an uptrend begining on the mid-term. The short term seems incredibly strong: Either way, interesting to see, a potential...
April has been the most profitable month over the last 2 decades for #stocks. The SP 500 has been positive 80% of the time with a 2.5% return. Posted on this yesterday, but not here. ATM we're @ the lower end of the $VIX & close to resistance levels for indices; $DJI $NDX $SPX $VIX
Bias: Getting into some resistance near 415 but still have room to move higher. QQQ has a pretty clear void higher Top Watches: Long - AMZN, ROKU, MRO. Short - AMC, ZIM, NAPA. Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live! Follow @JLaing for a timely morning bias of the market like this, top stock...
This is a bit trickier and there are certain techniques that you can use. I personally use Fibonacci extensions, point and figure and any potential patterns to offer potential upside targets. I realise I have been a bit cavalier with my point and figure upside target, as you can work this out exactly, but wanted to show the techniques I use rather than concentrate...
Sharing My Idea About Professional Traders. A trader who makes profit "Should not be respected or admired". Because they don't contribute anything to society. Traders make money by exploiting price differences and engaging in arbitrage, that sounds good doesn't it ? But let's face it, that don't help anyone in the world except themselves, and It's not noble than...
Later today, the Reserve Bank of Australia will announce its interest rate decision. As the market expected yet another no-change decision, AUD/USD surged 100 pips to 0.6785. EUR/USD advanced 56 pips to 1.0895, and GBP/USD increased 78 pips to 1.2411. The US JOLTs Job Openings will also be available tonight, with Mitrade anticipating job supply falling to 10.4...
Best way to save my own levels and ideas lets see if anyone can use it inside the object tree go for all my save lines and fibs for #GALA #BTC #ETH #ETC
Humana Inc - 30d expiry - We look to Buy at 481.11 (stop at 468.38) Price action continued to range between key support & resistance (480 - 515) although we expect a break of this range soon. The primary trend remains bullish. We look to buy dips. We look for a temporary move lower. Expect trading to remain mixed and volatile. Our profit targets will be...
This has to be one of the least played/known reopen trade. i) WWE Network has grown/evolved/carried them through COVID. ii) Add back live events and this is an easy double. Good luck.
Bitcoin and Ethereum are respectively the largest and second largest crypto by market cap. Officially, ETH can be seen as an altcoin, which has historically behaved differently from Bitcoin. A rise in the ETH/BTC chart generally means that altcoins (=everything which is not BTC) is outperforming Bitcoin on average. The inverse is also true. However, when we...
The bullish trend is a correction in a long-term bearish trend that is close to its end and I am waiting for confirmation for a bearish trade
Bias: A bit extended up, a pull back would not be a surprise but lots of buying pressure so could be a bit choppy. Top Watches: Long - ISEE, APLS, MPC, EDR. Short - FRO, TRMD. Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live! Follow @JLaing for a timely morning bias of the market like this, top stock...
OAX is a new token on Binance. Since it's release, it has mainly gone down. However, after finding support in the yellow area I'm looking for strength. Second, it appears that there's also bullish divergence on the RSI, which adds to the bullish short-term narrative. Targets in blue.
Stock can show move if it break 2137, target can be 2163 And if breaks below 2106 than it can again go to 2086
Head shoulder pattern is visible on charts and if stock break below 7220 target will be 7145 and 7060 If stock break above 7335 target will be 7380 and 7480