US100 has taken a blow towards the minor resistance to complete the harmonic pattern and now we are on a pullback towards the support we have highlighted before the next liftoff. A well-managed short position will be generating good profits in the short term. After the completion of the expected pullback, we may see a good rally with a nice reversal formation on...
Waiting to see if we can get a signal to backfill yesterday's impulsive move higher. The catalyst was the announcement that Elon Musk had a 9.2% stake in Twitter. There is also now another $10bln being put into the US economy due to an agreed stimulus bill. The algos do not like leaving areas un-tested, so I am looking for them to come back down and fill the...
Bullish Case: 1. ATL is floored in March followed by a Bullish rally in April as happened previously in 2020. 2. Price is on a major support. 3. Bearish Trend Line is broken with a green candle. 4. ABCD pattern completed and price has retraced with bullish candles. 5. Formation of Bullish Rectangle 6. Bullish Divergence 7. Fib retracement from ATL to 0.236...
Chart Pattern/Trend Analysis The main view of this trade idea is on the Daily Chart. The Company stock Apple (AAPL) appears to have exhibited a triple bottom around the 150-155 support zone over the last 3 months. The stock had 3 declines, the first around the end of January, the second in late February and the last in mid-March. At the time of publishing the...
After topping out at 4632 as we anticipated, stocks have tested 4521, but appear to be equilibrating. We have mentioned that it is likely that the S&P 500 would either retrace or form a sideways corrective pattern and it appears the latter is the case. We are currently testing 4580, after which we have a vacuum zone back to 4632. It will take some volume to...
Memestocks have once again been showing growth and signs of strength - taking a look at $AMC we can identify since price formed a double bottom at the daily demand zone there is now a potential breakout and bullish continuation coming on the 1D TF - are we going to see another short squeeze
Humpty Dumpty sat on a wall. Humpty Dumpty had a great fall -- and crashing right down beside him was semiconductor giant Advanced Micro Devices (AMD), which lost 8% of its market capitalization -- about $16 billion -- after investment bank Barclays downgraded its stock to Equalweight (i.e. Hold) on Thursday.
X (United States Steel Corporation) stock price has double-topped below $38.57. Bearish momentum (MACD) has down-crossed on a daily time frame. Entry (short): $37.25 Profit Target +12% (exit): $32.76 Stop Loss -6% (exit): $39.49 Utilize stop loss, profit targets, position sizing, and risk management. Note: Many stocks and ETFs have already rallied up for the...
LOW (Lowes) stock price has double-bottomed above $200 trendline & horizontal support. Entry: $204.12 Profit Target +6% (exit): $216.43 Stop Loss -3% (exit): $197.92 Utilize stop loss, profit targets, position sizing, and risk management. Note: Many stocks and ETFs have already rallied up for the past two weeks, which makes this stock a potential laggard...
This counter is showing a sideways neutral movement from a long time. but is expected to make a upward trend. If its breaks the resistance of 0.950 then make an Recent All time high. It is expected to go up till 1.020. Resistance:- 0.950,1.025 Support:- 0.920, 0.885 The Relative Strength Index (RSI) is at 66.64
It looks like the bulls have taken control, if they can take 4580 they might look to get to 4610, in the other hand if they failed, 4555 might turn into a support zone to look for some long opportunities.
Nifty50 index has been in the price range for nearly 6 months and is under high volatility due to variety of news flows. As of now Nifty 50 is near major resistance and any significant breakout and close above it will cause a rally while any reversal will cause a correction for the short term. A decisive Breakout is must for the bulls to continue in dalal...
Twitter stock will close a month candle for Twitter stock at about 46 or 47 according to my analysis, so it will continue to go down
There is no guarantee in stock market and Nothing over week Always Invest or trade according to your loss bearing capacity STOCK TO WATCH FOR EDUCATIONAL PURPOSE ONLY GUJRAT STATE FERTILISER AND CHEMICAL LIMITED with target of RS 195 CMP IS RS 190.55 STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR @ RS 175 Disclaimer: I am not Sebi Registered. All my...
Shares Outstanding 56.48M Shares Float 16.16M Short Float 0.19% 52W Range 0.59 - 7.32
1. Nice rally on EPS report; 2. RS-line showed strength, meaning that the stock is Relative Strong and started to move before market bottomed. 3. Nice tight bull-flag. Still within bigger base but first constructive price action since basing started a year ago.
Monthly chart: give this thing time, and you will keep your money. Zoom in to weekly chart: Support of before-after covid19 at 15,30. but not alone: there is also a big support zone in the range of 17,7-19,16. Last but not least: A resistance seems to be in place at the ATH; 24,4. Do not forget all the moving averages ;D Zoom in again, this time to the...
LTTS - Simply filling the gap (Earlier posted at lower levels as well) Entry at CMP is risky. Those who still wish to enter, must maintain a SL of today's low.