Triple Top Pattern Has Formed For Broadcom Inc (AVGO)After much V-shape recovery in the technology sector, the price of Broadcom Inc has currently reached a very strong resistance level (triple top pattern). The price is stubborn to break the 332 level. if there is no breakout beyond this point, I believe we should SHORT this stock to the 38% of Fibonacci level.
Key Trading Plan:
SHORT from the current price to the Take Profit Target level of 38% Fibonacci Retracement, 262.00, and then after that, go LONG to the resistance level again as fundamentally the stock still in the bullish trend.
‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results of your Forex or CFDs trading. The only person responsible for profits or losses is yourself. You should not consider any market information, educational and analytical material as trading advice that defines your trading actions but purely as educational market material. Please be advised that S.I.D. Capital shall not be liable for any errors in quotes and trading platform software errors.
‼️This Channel and all information is intended for educational purposes only and does not give financial advice. S.I.D. Capital Signals is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities.
Stockstrading
Potential LONG For Abbott StockIn its latest earnings report, released on 03/31/2020, Abbott reported a quarterly revenue of $7.73 billion and a net profit of $758 million. Abbott Laboratories is expected to post earnings per share (EPS) of $0.32 for the third quarter of 2020.
Key Trading Plan:
Wait for pull back to the support level of 92.25 before the price eventually rallies up to the Take Profit Target level of 100.29. The upside movement is still strong, hence any SHORT position is kinda risky to take at the moment.
‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results of your Forex or CFDs trading. The only person responsible for profits or losses is yourself. You should not consider any market information, educational and analytical material as trading advice that defines your trading actions but purely as educational market material. Please be advised that S.I.D. Capital shall not be liable for any errors in quotes and trading platform software errors.
‼️This Channel and all information is intended for educational purposes only and does not give financial advice. S.I.D. Capital Signals is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities.
Keeping a Close Watch on AIMAIM is one of the stocks that have underwhelmed me in performance lately. However given current resistance wedges, I think as an entry point right now it would seem low to mid risk. I believe going in as a long hold, you can expect some positive retracement, and quite possibly a $3.15 price target by end of August. That being said, pursue at your own risk. As always, everything I say is on the basis of opinion.
NVAX: Key Points to Look AtEarlier today, I put a target of at most $115 and later was convinced to do a sell off at $108. Many people thought this would go straight to $150+, but it looks like the positive wedge have peaked. Right now, I currently think the dip will likely be at the $90 price point, but an important factor to consider is closely monitoring movement at the $95 mark. The advanced decline ratio seems to be peaking, and the FIB retracement also showed that it was towards its high point in the morning for the current correlation trend. As always, invest in your own risk and proceed with caution. This is on an opinion based basis.
$TLSA round number honey trap$TSLA has gone parabolic recently, and more parabolic after Musk indicated that price shares are too high. Technically it is reaching in extension 1.40% Fibbo from 185 swing high and Pitchfork channel upside resistance hitting 1420 and pulling below 1400. Time for a pullback don't ya think?
How Elon Musk Outsmarted Short SellersElon Musk as you could have recalled tweeted a while ago that "Tesla's price is too high imo", this caused a reaction in which short sellers broke off the resistance curve of Tesla early, allowing Tesla to smoothly go up past $1250 afterwards as a positive retracement reaction with barely any resistance. Many of us thought in May he was losing his mind , and personally I was still bullish. This TradingView user said it helped trigger the NASDAQ uptick rule, and others have also been dumbfounded on maybe this being strategic. That being said, since the market reacted to a natural mathematical pattern as a result of him saying his stock is "overpriced", technically Elon Musk can't be accused of any market manipulation. He played the SEC, short sellers, and the overly bearish investors like cats w/ a laser pointer. Maybe this was his plan all along. Elon Musk: 1, Short Sellers: 0.
WLLHere's the game plan Fam. If that bottom TL fails then all bets off otherwise if the bottom TL holds I will take a long scalp.
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PFIZER SHORT Trading PlanEU states back spending up to $2.7 billion upfront on COVID-19 vaccines however,EU officials said the bloc would not buy vaccines produced exclusively in the United States, which includes PFIZER, fearing that would delay supplies to Europe.
Hence, I expect the share price will dip further.
Key Trading Plan:
i) SHORT when it reaches the pull back price at 34.98 and it breaks support level at 32.87 before reaching target Take Profit point at 28.28.
ii) LONG when the price breaks the resistance level of 36.89 with the target Take Profit point at 39.33
Author:
S.I.D. Aizu
MICROSOFT LONG Trading PlanMicrosoft's software and services are closely tied to enterprise environments, and computing capabilities have never been more in demand. The shift to working from home has been a major boon for two key components of Microsoft's business.
Key Trading Plan:
i) LONG when it reaches the pull back 1 at 186.75 or pull back 2 at 178.85 with the target Take Profit point at 200.
Author:
S.I.D. Aizu