Stronguptrend
TXN our gains, pleasure or pain?Hey traders,
Just clicking around and found a funny line.
Strong fundamentals - Yes, they are taking on some debt...but it's calculated.
Will always be required for math
Retracement incoming
Obviously, market is wound up and hard to tell which way it will go (go look at SPX ). I think there might be a couple of good retracement plays here. Long @ .618 - .9 (pretty much anywhere within GANN BOX for reference).
You may have to wait for earnings to slam this into support levels.
What do you think?
Not financial advice!
Thanks for reading, trader!
GBPUSD MAY GET STUCK IN RANGE !!The GBPUSD has hit a significant resistance after a strong uptrend.
After hitting the resistance, it broke its uptrend line and then after a fall and hitting the support , it broke the downtrend line and with these moves, I expect it stuck in range between the prices of 1.38880 and 1.37300.
However, we must also have the possibility of breaking the resistance, and if this happens, we will see the ascent to a higher goal.
REXR to continue higher!* Strong earnings quarter over quarter
* Strong up trend since inception
* Consolidated for a month after a move higher
* Retested the broken level as support with higher volume than average
Trade Idea:
* This would be a great time to enter a trade
* Or if you're looking for a discount, you can look for buying opportunities around the $61.70 area
NASDAQ MAY MAKE A HISTORICAL RESISTANCENasdaq is in a very strong upward trend and has built a new historic resistance.
If the price become supported on trend line and can not be broken, there is a possibility of going up to a higher goal and building another new resistance.
But if the trend line breaks, we will have a fall to the desired target.
PFE STRONG AF: All indicators point to continued strong uptrend I REALLY liking PFE rn for long. Here is why
~ Today it not only crossed the VWAP, but it broke the 75th percentile indicating upcoming higher highs.
~ Not only is it riding above the VWAP rn, but there is a nice gap between the price action and SMMA indicating a continued uptrend
~ Price action > 30 EMA > 200 EMA and there is a nice gap between both EMAs. this setup signifies a strong uptrend and an excellent long entry. (especially paired with the fact that the VWAP was crossed)
~ We are maintaining a strong uptrend already on the 50 MA and hourly chart with the 50 MA being a solid support line.
I am swinging a PFE call atm (ITM) as PFE is about to be overbought but is not there yet. I believe we may see another test of 50.50 before the pullback. I am hoping we can break it, but if not 50.50 will become a great support zone once we do pass it. I am planning on selling at 50-60 percent profit ( I am at 49 percent rn) and am going to reenter when we retest the VWAP.
UDR approaching all-time-highs with tonnes of buying pressureUDR is extremely close to breaking its all-time-highs from February 2020. Not only that but it's been on an absolute tear for the past 7 months. That's 7 consecutive months it has been closing green.
Taking a look at the volume coming in, it seems like it will break in the coming week.
Not only is this setting up for a great trade, it's also a great long term hold. This REIT has proven to come out of a crash only to do even better than before.
Final thoughts:
* Strong up-trend with tonnes of volume
* Approaching February 2020 all-time-highs
* Great long term hold as REITs pay out generous dividends
Trade Idea
* This is a long term resistance so do wait for a confirmation of the breakout on the weekly time frame. A break and hold above $51.25 would be the signal.
* A rejection from here could send UDR back to around $48.90. Which, given how well it's doing, would be a great entry point
ELS approaching its all-time-highs! Will it break through?ELS has been absolutely crushing it for the past 6 months with every month closing green!
It's approaching it's all-time-highs from February 2020 so the question now is, can it break?
Thoughts:
* Long term up-trend
* Strong up-trend for tha past 6 months
* Great long term hold as it's a REIT and therefore pays out generous dividends
* Approaching all-time-highs from February 2020
Trading Idea
* Look for a weekly close and hold above $77.55
* A rejection from $77.55 could send down to the $76.41 area
* And a break below that could send it back to $74.55 which should hold as support
* Of course, given its performance $76.41 and $74.55 would be great buying opportunities.
Tan after very strong rises, at the beginning of a break again!AMEX:TAN
Solar & Clean Energy ETF - This is undoubtedly one of the goals the world is striving for right now
Has made a +33% since the last breakout - in a huge uptrend!
T.A SETUP - Bull flag + (mini) V pattern
It has a lot more to go up if you look at the monthly chart