JP Morgan may be almost overbought on its 1M technical outlook (RSI = 69.738, MACD = 14.790, ADX = 37.379) but as you can see on this chart, this is when the stock tends to make a bullish extension instead of a correction. Especially since the 12 year pattern is a Channel Up and is currently on its fourth Bullish Wave of the structure. All prior bullish sequences...
Looks to me like a healthy correction, now bounced of support of the 200 ma line and also previous top and is again above the main support. Nice R/R ration of 2.22
Taiwan Semiconductor Manufacturing Company (TSM) broke last month above the long-term Channel Up and immediately pull-back. So far it has been almost 1 month of sideways trading supported by the 1D MA50 (blue trend-line), which has been holding since November 02 2023. The 1D RSI is on a Channel Down, i.e. a Bearish Divergence and every time it formed this within...
Indicators shows - MOEX:POLY is ready to start moving upstairs. Oversold instrument will lure investors' money. 2. Two crossing channels - main downward and local upward. Both for now stays higher, than an actual price. It should return back to any channel and continue moving inside till the top board of one only or both. Two channels and levels inside will be...
MOEX:MVID shows readiness to move up to 250 for a while before it will move further. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
Tesla is bearish on all long term timeframes 1D, 1W and 1M. The lowest RSI is on the 1W technical outlook (RSI = 37.118, MACD = -15.730, ADX = 32.394), which is the chart we focus today on. The stock has been inside a Channel Down since the July 2023 High, which was Lower High on the LH trendline that started on the ATH. We have spotted a striking resemblance of...
Johnson & Johnson gives a very clear idea of its trend on the 1M timeframe. The price may be under the 1D MA50 but has reached the bottom of the multi year Channel Up that started at the bottom of the 2008-2009 crisis. Being neutral on the 1M technical outlook (RSI = 45.714, MACD = -1.180, ADX = 20.525) has historically been one of the best buy opportunities, in...
Already have a position in MSFT and have traded in the past. I am adding on this pullback buy. I have about half a position size now and will look to build up my position on the next pivot.
Here is my watchlist of stocks I am adding today: NASDAQ:APPF NASDAQ:GIFI NASDAQ:IBIT MARKET GAUGE: 🟠CAUTION I have been talking about softness in the market. However, if stocks are breaking out of good positions will entertain.
UBER is on my watchlist for this week I am looking for a pivot creation within the orange zone I have traded UBER in the annotated points in the past I have left the annotations so that you can see my trading style A pivot breakout with a good volume would signal a buy for me I am looking at 'cheat' buy.
Johnson & Johnson (JNJ) got rejected on its 1D MA200 (orange trend-line) - 1D MA50 (blue trend-line) Resistance Zone. It has been practically trading sideways since the start of the year and based on the Sine Waves, that priced the new Top (Lower Highs trend-line) of the 2-year Channel Down pattern. The expected completion of a Bearish Cross this week on the 1W...
TSLA seems to be bottoming out on the momentum indicators, this looks like it will delay the 100 level test in which supposidly Elon will get margin called at if it were to break. I can see this getting delayed for another week, or perhaps it will bottom here then and form a lower high and restest 100 closer to june/july.
NYSE:EMR UpdatE: EMR, it was changed TP>25% and STOP Loss >18% We are waiting for profit > 25% or >18% or .. Good luck!
NYSE:MMC UpdatE: MMC, bought, Take Profit +8.12%, STOP Loss -1.59%
NASDAQ:SBAC SBAC, Long, TP > 10%, Risk P/L=5/1 S.Loss= -2% T.Profit= +11%
NYSE:EOG DonE: EOG, Target Reached, Profit +15 %(or +60 %) for 63 days
NYSE:HUM ClosE: HUM, STOP Reached, Loss -2%(or -8%) for 41d
NASDAQ:LKQ UpdatE: LKQ, it was changed Take Profit=57