Overview The main view of this trade idea is on the Daily Chart. The S&P 500 Index (SPX) is in the midst of a Reverse Head & Shoulders setup. Once completed, the Index is expected to rally towards 4700. The Left Shoulder is observed around the June 2022 low of 3640. The Head is seen around the Bear Market low on October 14th 2022. That low was 3489. The...
Zoom - 30d expiry - We look to Sell at 77.77 (stop at 82.43) We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. The primary trend remains bearish. The stock is currently underperforming in its sector. 20 1 week EMA is at 78. We look for a temporary move higher. Preferred trade is to sell into...
Certainly this trendline has made the rounds. It is posted repeatedly on trading sites. Here I have used the actual candle highs (yellow arrows) to draw a precise resistance line. Candle on 12 Dec pierced the line but met 50sma resistance. RSI is over 50 but lacks stochastic support; thus it could be a double-top 50 test. Price is also just under Ichimoku cloud...
Hello Traders, last week here on Trading view, we published a bullish prediction for Tesla here after a slight retracement in price. Tesla has followed that prediction! Please leave feedback
Following on from our last post, Nasdaq broke down and started its collapse. We are now seeing a retracement but it's very likely that we'll see another bearish wave. We are approaching the 618 fibonacci and expecting a rejection here. Invalidation level for this bearish setup is the structure level indicated. Trade idea: - Watch for bearish rejection around the...
This is only for education purpose only. Please check your own analysis before you take a trade.
I would open a small long position and wait for the break out. If the price closes above the $115 resistance by the end of the week I'll add the next trade day session.
After a 44% move down, amzn has established its first support at 84.41. As long as this hold, it can now go up.
After a 67% move down, the first support at 112.88 has been established. As long as this hold, it can now go up.
Bias: Choppy Neutral (Leaning Bearish) Top Watches: Tune in to my Live Stream @9:50 EST for my list of top stock watches Follow @JLaing for a timely morning bias of the market, top stock watches, and live day trading every morning!
Pre-earnings run setting up. Big volume beginning to come in, mostly on up days, which I interpret as accumulation by institutions at favorable prices for a company that isn't trading at nosebleed valuations anymore & still has pretty solid growth & is a leader in their industry. TSLA has been beaten down hard, shorts are likely to cover going into earnings to...
The ADX indicator moved up from 27 to 45 as the stock was selling off (strong trend). The RSI has tagged resistance. I expect selling to resume the more Ross Gerber tweets. He's become as annoying as Trump. Self serving pumper. Stay away! Protect your #kingdollar
clearly stated profit targets and all that..........
If there is one place i will be putting a chunk of my portfilo in studio right here. For anyone that doesn't know this studio created video games based on the witcher series and also developed cyberpunk 2077 that released in 2020 when the stock was at all time high at 458 dollars. To think this stock is 80% down is mad , CD projket red have began a partnership...
Another big bank that reported its earnings on the past Friday is Bank of America. The bank generated $27.5 billion in net profit and $95 billion in revenue for the full-year 2022. Its net income decreased by 14%, and revenue rose by 6.6%. The net interest income jumped by 22%, and the noninterest income dropped by 8%. The Consumer Banking segment added over 1...
During the summer of 2022, we laid out a thesis about the stock market progressing in the second stage of the bear market. We said that we would look for signs of corporate underperformance and downgrades in forward guidance within earnings statements for 3Q22 and 4Q22. In the 3Q22 earnings season, many companies began downgrading future outlooks and warning...
Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 3922.13, where the 50% Fibonacci line is. Stop loss will be at 3764.49, where the 50% Fibonacci line and recent swing low is. Take profit will be at 4107.31, where the 78.6% Fibonacci...
FINOLEX CABLES - Extreme crab A daily close above Point B (565.50) can take the stock till Point D. The short term targets will be - 1. 590 2. 631