Stockstrading
GIS - (General Mills) Short OpportunityBased on my strategy, there seems to be a Bearish Divergence on GIS.
Meaning that the price action is making higher highs, but the RSI is making lower highs.
This could be a good time to buy PUTS on GIS with a very tight stop loss.
The idea will be invalidated if the RSI creeps about the dotted line on the chart.
I have marked the support levels on the chart based on which you can plan your trades and exits.
Please do your own research. I'm not a financial advisor.
Trade safely!
About to Breakout, Keep this in RadarAfter trading in a lower low pattern for almost a year, Consolidating in a range for 3 months this scrip is trying to move up. It has formed a triangle type pattern and trading near resistance. on a successful breakout and re-test the stock may give a good move. Keep this in radar and trade safe.
Alibaba Group Holding Analyze !!!BABA passed wave 5 in the Resistance Zone , and I expect that it will go DOWN to PRZ ( Price Reversal Zone ) & near the SMA 100 ( Daily Timeframe ) after breaking the Important Support Line .
Also, we can see the Regular Divergence (RD-) between Price and MACD Indicator .
Alibaba Group Holding Analyze ( BABAUSD ) Timeframe 4H ⏰ ( Heikin Ashi )
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ESTE - HEAD AND SHOULDERS - SHORTEarthstone Energy inc. stock is forming in a head and shoulders pattern signalling a short trade opportunity provided that the shape forms. Where, upon a break from the neckline (green line) accompanied with a surge in volume. Price of stock will fall in accordance with the arrow in the chart. The stop loss and take profit levels are shown in the chart. The target would be at the previous support level (white line)
Long Trade on AB - Possible entry Sep. 19 2022Trend:
Uptrend since May 2022, confirmed UT with break of previous high in June. Nice pattern with higher highs and higher lows.
Currently 3rd bounce on the trend line. Also, previous downtrend line has now been used as support.
Setup:
Calculation with candle touching trend line on Sep. 16
Fluff 1%
Take Profit determined with angle of previous bounces and channel resistance line
Risk Reward Ratio >3:1 (3.33)
Place trade to enter with stop order on Sep. 17
DYOR
Best,
Raphaela
Upbeat US economic data increases mega rate hike betsEUR/USD 🔼
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔽
Investors seem to have braced for a 100 bps rate hike from the Federal Reserve, as US retail and labor market data indicated an improving economy. August’s retail sales figures reported a 0.3% increase over the original estimate of 0.2%, while Initial Jobless Claims exceeded expectations by only adding 213,000 to the unemployed population.
Thus, the US stock market and indices are still firmly in the red, with a slowing pace but still downward nonetheless. Nasdaq 100 went below 12,000 to 11,927.49, losing over 1.7%; Dow Jones was last traded at 30,961.82, and S&P 500 slipped to 31,124.68.
The yellow metal took the news especially hard, gold futures plunged and closed at $1,677.3, then stabilized at $1,672 to a two-year low. A tentative deal has prevented a railroad strike, which would increase price levels in the US, and WTI oil futures were cooled to a closing price of $85.1.
EUR/USD closed just next to parity at 0.9999, as the Eurozone CPI has a projected growth of 9.1%, the same as last month. The market anticipated a 0.5% decrease in UK retail sales, while GBP/USD slipped to 1.1463. AUD/USD was on a gradual decline, closing at 0.6702. USD/CAD climbed to 1.3227, currently at 1.3240.
More information on Mitrade website.
GE | General Electric | Potential Inverse Head & ShouldersGE | General Electric | Potential Inverse Head & Shoulders
General Electric is showing the potential for an "Inverse Head & Shoulder Pattern"
The price should bounce above $81 in order to confirm
this pattern.
Targets:
🎯 95.61
🎯 102.58
🎯 114.73
Thank you and Good Luck!
PS: I know that the economy may face a recession soon so let's say out of this topic😂
I am discussing only the technical perspective and what I see on the charts:)
ASX Ideas - BSL Long Idea, Elliot WaveDisclaimer: I am a new trader, practicing Elliot Wave Theory on the ASX. I aim to publish these ideas for my own journalling, as well as to accept feedback from the community in order to help me learn.
This is my analysis for BSL - Bluescope Steel Ltd. The ABC corrective wave seems to be over, so we can look forward to the 5-wave impulse move. Retracements (2) and (4) are likely to reach the 0.618 fib levels, while our target (5) is at the 0.618 fib extension of (1) to (3) and also the resistance level from previous highs.
This is a swing trade that could take between 1-3 months to play out.
Any thoughts and feedback are welcome!
BBBY: Trading the Meme This stock is all over the news these days.
Many pro traders in the biggest banks are shorting this stock; WSB is longing.
Looking at the monthly structure, it is looking better for bulls in my books. Though some of the juice has already been squeezed, it still has room for further upside for long exposure. For those not in it by now, it will be increasingly more challenging to have a good risk profile from here. At least a 20 dollar per share downside risk if one is to be exposed to short risk at the current market price.
Following this stock as it has some wild moves and will update if anything interesting is happening.
Cheers!
Cisco Systems Inc. - potential setupsNASDAQ:CSCO
The shares of Cisco Systems Inc., the largest manufacturer and network equipment supplier for large holdings and telecommunications companies, are correcting around 46.00.
On the daily chart, trading is observed in the global downward channel with dynamic boundaries 36.00–46.00, and the price is currently testing its resistance line.
The four-hour chart shows that the quotes have overcome the initial Fibonacci 23.6% retracement at 46.00, coinciding with the end of the price gap from May 19, which has not yet been closed. Given the current trend, the price may reach the beginning of this gap at around 47.80 already this week.
Technical indicators keep a stable buy signal: indicator Alligator’s EMA oscillation range expands upwards, and the histogram of the AO oscillator forms upward bars in the buying zone.
Trading tips
🟢 Long positions may be opened after the price rises and consolidates above 47.80 with the target at 52.40. Stop loss — 46.00. Implementation period: 7 days or more.
🔴 Short positions may be opened after a reversal, reduction, and consolidation of the price below 46.30 with the target at 43.00. Stop loss — 48.00.
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⚠️ Important Notes:
1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️
2. Timeframes: up to 1D
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$EVER Is EverQuote About to quote higher prices?Traders, Like majority of the stocks in this market cap category there is an M pattern which has been completed. This means that we now have a bullish bias on this stock. A trend line has been broken and retested successfully which means that this stock price is ready to go higher. As the overall market is taking a little recovery (upside correction so far), this can be a good opportunity however I would rate this as a speculative buy. The set up looks good from the technical analysis perspective.
Meta Platforms (Road Map)!!!🗺️Today, I want to analyze the Meta Platforms.
What are Meta Platforms ❓
Meta Platforms, Inc., doing business as Meta and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company owns Facebook, Instagram, and WhatsApp, among other products and services.
Meta Platforms are close to the end of main wave A.
I expect Meta Platforms to grow up around the support zone (for the short term).
Meta Platforms Analyze Daily Timeframe (Log Scale /Heikin Ashi)⏰
🟢Support zone🟢: 149$ until 137$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Apple Analyze 🍎!!!(Timeframe 4H)I expect that 🍎 Apple 🍎will go UP at least to around 148.7$ or even near 200 SMA ( Daily Timeframe ).
I specified the growth 🎯 Targets 🎯 in my chart.
🎯 Target 1 🎯: 153$ until 148.7$ (around 148.7$ , we can have a Bearish AB=CD Harmonic Pattern ).
🎯 Target 2 🎯: Around 158$ = Near 200 SMA ( Daily Timeframe )
Apple Analyze Timeframe 4H ( Log Scale /Heikin Ashi) ⏰
🟢 Support zone 🟢: 145.1$ until 138$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe