Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. However, I am looking to play a reversal. Looking for a sell entry at 34300.40 where the previous high is. Stop loss will be placed at 35411.35, where the 78.6% Fibonacci line is. Take profit will be at 33240.22,...
Looking at the H4 chart, my overall bias for AAPL is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Price has tapped into my sell entry at 150.38, where the 38.2% Fibonacci line is. Stop loss will be at 157.50, where the previous high is. Take profit will be at 134.40, where the previous swing low is. Any...
EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔽 WTI 🔽 Last night, the US ISM Non-Manufacturing Purchasing Managers Index had a monthly reading of 56.5, considerably higher than the market estimate of 53.3. Sustained inflation and strong labor data have led Mitrade to anticipate further rate hikes from the Federal Reserve. As a result, the stock...
On the H4 chart, the overall bias for DJI is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . Looking for a buy stop entry at 4031.44 , where the 61.8% Fibonacci line is. Stop loss will be placed at 3907.07, where the previous low and 50% Fibonacci line is. Take profit will be at 4177.51, slightly above where...
Plug Power - 30d expiry - We look to Sell at 19.18 (stop at 20.73) Broken out of the Head and Shoulders formation to the downside. Our short term bias remains negative. Bespoke resistance is located at 19.00. Preferred trade is to sell into rallies. Daily signals are bearish. We are trading at oversold extremes. Our profit targets will be 15.31 and 15.01...
DMART - The CRAB pattern The set up offers the best risk-reward ratio. One can enter with SL as point B, for a target of point D.
Fresh agreements and deals Bloomberg : United Nears Deal for 100 Dreamliners as Part of Fleet Overhaul Boeing headed north. Cycle Sniper W1 confirms targets : 200 and 210 Good Luck
As the global economy continues to recoil after the US Fed rate increase - watch for the USD/DXY to find support above 103.70 and flag sideways/higher over the next 15+ weeks. I suspect any continued Fed rate increases will put further pressure on global markets/currencies and drive foreign investment in USD assets throughout 2023. Yes, the US economy is...
BE SEMICONDUCTOR INDUSTRIES - Intraday - We look to Buy a break of 64.52 (stop at 61.24) Daily signals are bullish. Our short term bias remains positive. Price action is forming a bullish flag which has a bias to break to the upside. 64.38 has been pivotal. A break of the recent high at 64.38 should result in a further move higher. The primary trend remains...
LVMH - 30d expiry - We look to Buy a break of 713 (stop at 695) The primary trend remains bullish. Posted a bullish Flag formation. A break of 714 is needed to confirm the outlook. 712 has been pivotal. The measured move target is 760. Our outlook is bullish. Our profit targets will be 758 and 768 Resistance: 705 / 713 / 730 Support: 689 / 680 /...
Taiwan Semiconducotor - 30d expiry- We look to Buy a break of 83.22 (stop at 79.92) Prices have reacted from 59.44. Short term momentum is bullish. Price action has formed a bullish ascending triangle formation. A break of the recent high at 83.18 should result in a further move higher. Our outlook is bullish. Our profit targets will be 91.48 and 92.48...
Euronav - 30d expiry - We look to Sell a break of 17.96 (stop at 18.72) Bearish divergence can be seen on the daily chart (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. The bearish engulfing candle on the 4 hour chart is negative for sentiment. 17.99 has...
TKWY - 30d expiry - We look to Sell a break of 20.38 (stop at 21.53) The primary trend remains bearish. We are trading at overbought extremes. A higher correction is expected. The bearish engulfing candle on the daily chart is negative for sentiment. 50 4hour EMA is at 20.44. A break of the recent low at 20.44 should result in a further move lower. Our...
Alfen - 30d expiry - We look to Buy a break of 94.04 (stop at 90.68) Prices have reacted from 80.44. The bullish engulfing candle on the 4 hour chart the positive for sentiment. 93.92 has been pivotal. A break of the recent high at 93.92 should result in a further move higher. The primary trend remains bullish. The bias is still for higher levels and we look...
Bias: Bearish Chop Top Watches: Long - NIO, TCOM, ATVI, DVN. Short - CPNG, SWN, BAC, TSLA. Follow @JLaing for daily review/bias of the market and top stock watches for day trading every morning! Tune in to my livestream every morning from 9:15 - 10:30 ET to see real live trading and get a more thorough review of my top watches!
Advanced Micro Devices - 30d expiry - We look to Sell a break of 55.48 (stop at 59.11) Price action is forming a bearish flag which has a bias to break to the downside. A break of the recent low at 57.17 should result in a further move lower. Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Our overall...
Pinterest - 30d expiry - We look to Sell at 25.49 (stop at 26.71) Posted a Treble Top formation. The primary trend remains bearish. In our opinion this stock is overvalued. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 26.14 has been pivotal. Rallies should be capped by...
AT&T - 30d expiry - We look to Sell at 20.68 (stop at 21.62) The previous swing high is located at 20.90. There is no clear indication that the upward move is coming to an end. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Resistance is located at 20.90 and should cap gains to this area. Expect trading to...