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Potential Long 5th Wave, ElliottWave Move for STTUsing our Elliott Wave Indicator Suite for the TradingView Platform we have identified a potential Long 5th Wave Swing Trading Opportunity for STT on the Daily time frame . The 5th wave move in an elliottwave sequence is the highest probability move. The catalyst for the current wave 4, profit taking, pullback was Earnings and it does seem to have found support. The wave 4 pull back has found support in the Green zone of our probability pullback zones, which represents an 85% probability that our automated 5th wave target zone, in blue on the chart, will be hit. Further more the profit taking pull back is at major support and resistance zone from previous earnings reactions. We see yellow dots formed in the overbought zone on our special False Breakout Stochastic indicator, which signals strong Bullish momentum. When, during a wave 4 pullback, the stochastic pulls back against these false break out dots and crosses in the oversold zone, there is a high probability the stocks price action will resume the overall bullish trend . We also measure the wave 4 behaviour with our Elliottwave oscillator, which has pulled back within our pre-determined zone. So overall we have identified, using our Elliott Wave Indicator suite for TradingView, a high probability long swing trading opportunity for STT , with the following entry strategy: We use our 6/4 MA High for initial starting point for long entries and take into consideration and recent pivots during the 4th wave pullback. Long entry through $80.09 Stop Loss $74.96 Target $90 Giving a Risk to Reward of 1:2
NYSE:STTLong
by xBratSoftwareSolutions
Reasons to buy Aurora Cannabis ACB stockIt’s been a rough year for cannabis stocks and even though Aurora Cannabis (NYSE: ACB) is one of the most notable companies in the Cannabis sector, it had its fair share of struggles in year 2019. The stock has been dropping strongly for many months since April 2019. Following that yearlong downtrend, here are a few reasons to consider buying Aurora’s stock in 2020 based. Remember we only trade supply and demand imbalances, we are not interested in fundamentals for this particular cannabis stock. We don’t care if the company could bring in a new CEO to negotiate a deal to bring consumer packaged goods to the company and bring greater financial discipline to the company. We could start adding fundamental analysis and why Aurora Cannabis hasn’t done very well last year. Who cares about all that? What we should care is about the super strong monthly demand imbalance that price has reaches after months of continuous devaluation of the stock. As supply and demand traders we should only be interested in trading strong imbalances, price levels where the underlying asset is out of balance. See Aurora Cannabis ACB stock monthly timeframe supply and demand analysis underneath. We can see a very strong monthly demand level around $2.15 per share. It’s a very strong impulse that provides us with a lot margin for price if price reacts to that imbalance as expected.
ALong
by AlfonsoMoreno
5
S&P 500 Sectoral OverviewWe have already mentioned that the S & P500 major rally started 57 weeks ago : We are now facing a tough sale. So which sectors were traded on the index or discounted in this process? You can view them from the terminal. I would like to write the sectors that remain inexpensive so that when we return to the favorable atmosphere, keep in our mind: OSX : PHLX Oil Service Sector Index XNG : NYSE ARCA Natural Gas SPSIOP : S&P Oil and Gas NQNACE : Nasdaq Yewno North America Cannabis Economy Index CONCLUSION : We see a discount from the commodity in general and the oil and gas sector in particular. But in order for us to evaluate them, there should be a time when we expect both an increase in the related commodities and a positive atmosphere in the S&P 500, then we can turn to these sectors and make profitable investments. Regards.
OANDA:SPX500USD
by Noldo