My Trading Idea for Stora Enso - Buy Limit Order Buy: 155 SEK Target: 198 SEK (+27 %) Stop: 137 SEK
$NVDA has broken the $200 resistance, looking for a pullback at $190-195 for up-trend continuation. Let's see how FED drives equities! Follow for more updates:
Bristol-Myers Squibb Co - 30d expiry - We look to Sell a break of 65.18 (stop at 67.68) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. 65.95 has been pivotal. A break of the recent low at 65.28 should result in a further move lower. Price action is forming a bearish flag which has a bias to break to the...
Netflix (NFLX) has gone a long way since we called the exact bottom back on our April analysis: Since then, the stock has formed a well structured Bullish Megaphone pattern, which is currently rising after almost touching its bottom. The 1D MA50 is the short-term Resistance and the 1W MA100 (red trend-line) the long-term. A break above it can see NFLX's...
Well , just as any other chart, we must keep things simple. Price has made a new Low after Ranging for 120 days/4 Months. There is Liquidity Built up in the market. If we maintain bearish momentum then we will see 31,198 very soon. Price is testing 32,082 at the moment. We may return to the low from OCT 22' due to clean traffic on the weekly timeframe and plenty...
#GOLD TECHNECAL ANALYSIS GOLD marked this bullish flag pattern but we need a retest of this pattern and after the retest, we can expect 48% bounce according to the pattern. basice info The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the...
Bias: Choppy bearish inside day. Support at 392, resistance at 396. Top Watches: Long - REGN, CPNG, ACN. Short - CHWY, MO SQ 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 watches, and live day trading every morning!
With nearly all cryptos losing significant value during the yesterday's FOMC meeting, Litecoin didn't want any of it. After a minor drop, LTC has seen a 15%+ move over the last half day or so. With Bitcoin and stocks regaining a large part of yesterday's losses, I'm seeing more bullish price action for LTC in the near future. Blue lines as my near term targets.
Yesterday, the FED hiked interest rates by 25 basis points, causing an initial rally in the U.S. stock market, followed by a selloff after FOMC’s press release. In his speech, Jerome Powell acknowledged the persistence of high inflation (replacing the tone of “easing inflation”), banking sector problems, and a strong labor market. Furthermore, he reiterated FED’s...
Today's results look like they will invalidate the H&S top which started forming in early 2017.
From a technical point of view, the trend is bullish on 4H chart, so it could be interesting to look for a potential corrective structure that we could use to try to take a long position. At present $CVV has never paid a dividend and there is no new information about that. NASDAQ:CVV Strategy : Wait the corrective structure completed and Long on Wave 4 ...
As expected, the Federal Reserve has raised rates by 25 basis points to 5.00%, with the official statement indicating further rate hikes by the end of 2023. The greenback then weakens towards its peers, with USD/CAD edging up 14 pips to 1.3727, and USD/JPY dropping 102 pips to 131.44. GBP/USD climbed 50 pips to 1.2264, as its year-on-year inflation rate jumped to...
I mean, look at those lines on the chart! You'd be a fool to think that you will tell a stock's future price based off the company's earning & profitability! NO, the only accurate way to predict a stocks' future price is by drawing lines on a chart. If you don't draw lines on a chart you will NEVER make money from trading or investing. So what have you learnt?...
BTC has been trading inside a bullish triangle pattern over the last couple of days. With the FOMC meeting around the corner, I'm expecting some volatile price action today and tomorrow. In my view, it's likely that we're going to hit $28,600 today. Whether it's a fake pump before the FOMC meeting (and a dump after), or we get a bullish reaction and move up...
Broadcom - 30d expiry - We look to Buy at 601.11 (stop at 579.11) Price action continues to trade around the all-time highs. Daily signals are bullish. There is no clear indication that the upward move is coming to an end. We look to buy dips. 50 1day EMA is at 600.11. A lower correction is expected. Bespoke support is located at 600. This stock has seen...
GameStop (GME) has had a huge price opening jump today that hit the 1D MA200 (orange trend-line) for the first time since October 31 2022. That pump was short-lived and the price quickly resumed the bearish trend within the Channel Down pattern that it has been trading in since November 03 2021. Basically the stock has been inside a multi-year correction since the...
Long DCFC based on technicals. Triple bottom and not sure how much lower market makers can let this one drop. Not advise.
With the increasing hype around AI, NVDA has been on one hell of a run since the beginning of the year. Watching from the daily timeframe, NVDA is finally arriving at a major resistance/ weekly supply zone. It is currently consolidating into my favorite pattern! You guessed it, the wedge! Lol It is also completing wave 5 of the 1st major impulse wave in the...