FuelCell Energy - 30d expiry - We look to Sell a break of 2.79 (stop at 3.01) The primary trend remains bearish. Price action is forming a bearish flag which has a bias to break to the downside. A break of the recent low at 2.86 should result in a further move lower. Our outlook is bearish. There is no clear indication that the downward move is coming to an...
Unilever (ULVR) - 30d expiry - We look to Buy at 44.71 (stop at 43.89) Daily signals are bullish. Levels below 45 continue to attract buyers. We look for a temporary move lower. We look to buy dips. Momentum is flat, highlighting the lack of clear direction. Our profit targets will be 46.75 and 47.55 Resistance: 46.50 / 47.50 / 48.30 Support: 46.00 /...
Novavax - 30d expiry - We look to Sell at 27.69 (stop at 30.03) The primary trend remains bearish. Trading within a Corrective Channel formation. The trend of higher highs is located at 26.80. Previous support at 27.40 now becomes resistance. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 22.02 and...
Rolls Royce (RR.) - 30d expiry- We look to Buy at 79.07 (stop at 75.15) Short term bias has turned positive. Levels close to the 50% pullback level of 79.62 found buyers. Levels below 80.00 continue to attract buyers. We look to buy dips. Daily signals are mildly bullish. Our profit targets will be 88.88 and 90.88 Resistance: 90.00 / 94.80 /...
Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 3922.13, where the 23.6% Fibonacci line is. Stop loss will be at 4100.96, where the recent high is. Take profit will be at 3741.65, where the 61.8% Fibonacci line is. Please be advised that...
EWT wise Amazon is building a tradeable short setup in 1-2 / 1-2 fashion. I expect a retracement to 3200 area to complete wave 2 of circle 3 of wave A. It may take up to 2 weeks to complete wave 2. Demand zone for the whole wave A resides in the area of wave 4 of the larger degree (blue area on the left side).
Compared with yesterday's overall market conditions today, there are basically no major changes, and everything is on schedule. For specific macro and detailed analysis, you can check yesterday's diary. But there is a very important short-term change that needs attention. This is the price of BTC, which broke away from the G range in a short period of time and...
MGL - Volatility is too tight here Might come out strong above 925 weekly close. Keep in watchlist
EUR/USD 🔼 GBP/USD 🔽 AUD/USD 🔼 USD/CAD 🔽 USD/JPY 🔼 XAU 🔽 WTI 🔼 As the rest of the world has been raising rates throughout most of 2022, Mitrade expects the Bank of Japan is likely to keep a negative rate level at -0.100%, with a possible policy shift in the short term. USD/JPY has increased by over 40 pips to 137.40, currently trading at 136.880, while USD/CAD is...
Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 85.88, where the previous low is. Stop loss will be at 103.78, where the recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci expansion line is. Any opinions, news,...
Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 3937.65, where the 23.6% Fibonacci line is. Stop loss will be at 4100.96, where the recent high is. Take profit will be 3743.73, where the 61.8% Fibonacci line is. Any opinions, news,...
TECHNICAL REASON: Price was within the zone of interest and the 4H candle has no lower wick which means everyone is priced one way; could see some profit taking ahead of FOMC FUNDAMENTAL REASON: It is worth noting that to the Fed, to gage inflation and how sticky it is or isn't, they are looking at jobs (more than CPI, PPI etc). Since the job market isn't...
Simply said hold your Longs Anon! Find 3 Consistency’s on this page as i did and hunker down.
The primary trend is short Suppot zone: 1040 Target 1: fibo 1.38 level, 700 Target 2: fibo 1.618 level, 460 If the price breaks out upwards: Target 1: 1630 Target 2: 2000
Exxon Mobile - 30d expiry - We look to Sell a break of 102.28 (stop at 105.22) We are trading at overbought extremes. Bearish divergence can be seen on the weekly (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Short term bias has turned negative. Short term...
ST Micro Electrics - 30d expiry - We look to Sell at 38.29 (stop at 39.56) Resistance could prove difficult to breakdown. Bespoke resistance is located at 38.00. 38.44 has been pivotal. 39.28 has been pivotal. Levels close to the 61.8% pullback level of 38.91 found sellers. Early optimism is likely to lead to gains although extended attempts higher are...
ST Micro Electrics - 30d expiry - We look to Sell at 38.29 (stop at 39.56) Resistance could prove difficult to breakdown. Bespoke resistance is located at 38.00. 38.44 has been pivotal. 39.28 has been pivotal. Levels close to the 61.8% pullback level of 38.91 found sellers. Early optimism is likely to lead to gains although extended attempts higher are...
TRADE WITH CAUTION. THIS WEEK WILL BE LOW VOLUME & Dont forget we are aproaching the end of the fiscal year... HAPPY HOLIDAYS FAM