Simple base breakout accompanied by a surge in volume, albeit not a massive surge. Would like to see continued volume surges to get a cushion to allow for a hold thru earnings on 2/21. Great growth numbers, earnings & sales accelerating at a strong pace on a YoY & QoQ basis.
Market Conditions: - bullish trend - possible false breakout / reversal - bullish sentiment in the market Key Level and Lines: - $191.60 resistance Trading Ideas: - go short using a false breakout / reversal signal from the resistance - go long if the price moves above the resistance and consolidates above for a few days.
Copper and S&P500 is making a divergence. Could this mean that we are going to be seeing weakness creep into the real estate market with Lumber and copper falling recently? SPY has tracked copper closely with the rise & fall in inflation and yields. The most used commodity in the world should provide pivotal insights into the next turn in the market. If we...
Lumber is signalling disinflation. Stocks are signaling inflation. There has bee a high correlation with stocks and lumber for about 18 months. Is this correlation officially breaking or does it imply we will see some weakness in stocks? Right now lumber is showing weakness.
Looking at the H4 chart, my overall bias for NFLX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 332.72, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 273.41, where the recent low is. Take profit will be at 472.02, where the overlap resistance and...
Meta - 30d expiry - We look to Buy at 156.56 (stop at 144.94) We have a Gap open at 02.02 from 153.12 to 183.38. Bespoke support is located at 155. A higher correction is expected. We look for a temporary move lower. Remains bullish while above last week's low. Traded to the highest level in 34 weeks. Our profit targets will be 184.88 and 189.88...
DXY Printing Some Bearish Divergence! Keep an eye on this! J Powell is speaking soon so expect some Volatility... <--- Speech at 9:40A PT / 12:40P ET <--- Good Luck Out there Peeps!
HI TRADERS,As I expected, the trend is from the100 range,mentioned in the previous analysis. It has been accompanied by a positive reaction. As you can see, now the important resistance is 105 and in case of stabilization above the range of 105, we may see growth up to the range of 107/108. ❎ (DYOR)...⚠⚜ WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to...
HELLO TRADERS! First of all I'm extremely sorry that I was not able to post any chart for a long time for my hectic schedule. This trade BSE:SURFI I took about 5 weeks ago and its 92% up till then. target is just to hit in a week or two. Through this chart I want to show how this pattern work. For more detailed analysis and learnings you can watch my videos...
Bias: Neutral. Bullish Over Yesterday's High, Bearish Under the Low. Top Watches: Tune in to my Live Stream @ 9:45 EST for my full list of top stock watches Follow @JLaing for a timely morning bias of the market, top stock watches, and live day trading every morning!
- Currently breaking out of massive resistance since 2019 - Formed and currently playing out a 266 day inverse head and shoulder pattern on weekly and daily timeframes. - 3 Year bullish harmonic pattern playing out - Potential 37% Upside
NSE:CGPOWER CG POWER NEAR BREAKOUT IN 1 HR TIMEFRAME..... BUY ON CMP WITH 305 STOP LOSS
EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔼 WTI 🔼 BTC 🔽 ETH 🔽 A huge earthquake in Turkey and Syria has led to numerous casualties and disrupted the oil supply from the west Asia region. This caused WTI oil futures to climb to $74.11 a barrel. Spot gold also rose to $1,867.71 an ounce. Both Bitcoin and Ethereum continued to weaken to $22,830.0 and...
Looking at the H4 chart, my overall bias for GRAB is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 3.38, where the overlap support is. Stop loss will be at 2.80, where the recent low is. Take profit will be at 4.96, where the overlap resistance and market gap are. Any opinions,...
Traders, From a technical perspective, the dollar is doing exactly as it should. Technical analyst should have expected a retest of what was previously very strong support. We have now observed that retest and the dollar has permission to continue its descent. If descent is not immediate, sideways action can be expected. But, least likely, is the possibility that...
The Fed hasn't changed their narrative on getting inflation back to 2% at all costs, because inflation has been dropping the market is trying to front run the fed in anticipating a pivot on interest rates. However as J Powell has said countless times over and over again, the Fed's priority is to restore price stability at all costs. This means they are willing to...
FedEx Corporation - 30d expiry - We look to Buy at 199.22 (stop at 188.73) Traded to the highest level in 22 weeks. Trading close to the psychological 200 level. Levels below 200 continue to attract buyers. We are trading at overbought extremes. A lower correction is expected. The sequence for trading is higher highs and lows. Our profit targets will be...
Record low unemployment numbers are a sign of a recession in sight. Fed also stated they are reducing their balance sheet and the liquidity is there...