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Summit Material Impressive Shareholder ReturnsSummit Materials' (NYSE:SUM) five-year earnings growth trails the impressive shareholder returns. Summit Materials, Inc. stock is up an impressive 186% over the last five years. And in the last month, the share price has gained 16%. A Diffe4rent Perspective It's good to see that Summit Materials has rewarded shareholders with a total share holder return of 39% in the last twelve months. That's better than the annualised return of 23% over halfa decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. I find it very interesting to look at share price over the long term as a proxy for business performance.
NYSE:SUMLong
by DEXWireNews
ADAUSD Correction Coming to an EndImportant things to note: BTC is on its way to make its 3rd lower low between 40--38k. This will signal a significant reversal due to the three drives pattern. A three drives pattern is 3 lower lows or 3 higher highs followed by a reversal. (you have seen me mention this before) If the minor trendline breaks and the price falls to 1.91 this will create an impulse. ADA could always push up from here, but the momentum would not be as strong. Indicators show a nice bullish run starting very soon. I have said there are only a few more movements left in this correction and I believe this move downward is the last. This will cause an impulse that creates a new bullish trend. Important Dates to Take Note of: ADA Summit Sep 25-26 2021 LOTS of great news coming from this. I will make a post when the summit is over summarizing everything. So, a lot of you might be wondering how I knew the price was going to fall to the trendline from my last post. It is because of the three drives pattern. I have never seen anyone mention this pattern on tradingview but it is extremely powerful, I use it all the time and have mentioned it previously. This is how I predict that the correction is coming to an end in one more movement. BTC is on its way to creating that new lower low which will be the third in the series signaling a trend reversal and the end to the correction. ADA will likely follow this, as I can see a low of 1.91 coming next if the trendline breaks. But fear not, this will be followed by a quite robust bullish trend that will get ADA out of the nasty correction is has been in for some time now. This is the same pattern I applied to the 3 highs we just had before. Now, the price could just push forward at the current trendline but the bullish momentum will not be as strong as if it falls to 1.91 first. So all in all, this would be the best option for ADA. Again, the three drives pattern is especially strong so I was looking forward to it. Lets see how this plays out. I will continue to update you all on the movements and I hope this helped you learn something new. On another note, I went to the ADA summit today and it was a ton of fun. I got some limited edition NFTs (pretty cool), and a ton of news has come out. I have mentioned some of it on my last chart via the updates. I will be putting out a whole post on the matter after this summit is finished tomorrow. We have a lot to be excited about! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
20
ADAUSD Price Comes to DecisionImportant things to note: We have not gotten our 50MA test yet. Price coming to another decision. Long wicks tells us price will move up temporarily. A break from temporary trendline will signal fall to lower price level. 1.91 price level will be hit hit price falls, 1.71 might be hit. Chinese Govt hates BTC (we already knew that) Important Dates to Take Note of: ADA Summit Sep 25-26 2021 (likely to produce more important dates) So we have not gotten our 50MA test yet and price looks like it is coming to another decision. Anything can happen so I am not going to say we will not get our test at all. We can see long wicks which tells us the price is likely to move upward if only temporarily. We also have a temporary trendline and a break from this level will signal a move to the downside which is the 1.91 level. The next stop after the 1.91 level would be the 1.71 level. I do not see the price moving below this right now but we will see. On another note, the Cardano Summit is tomorrow, which I am attending. Hopefully I can grab some limited edition NFTs and I'm sure there will be a lot of news coming out that may be beneficial for ADAs price. I am not going to guess what impact this will have because we don't know. However, I am going to let you all know what happens at the summit so you can know what's going on. In other news, the Chinese government threatens to ban BTC for the 1000000th time. Honestly, it doesn't matter long term in my opinion, people will find a way around all of this like they always do and it is likely to create alternative mining and markets all over the place. Anyways, that's my two cents. I will continue to watch ADA and let you all know what I think. Thanks again. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
18
Threats on the horizon, EU summit & hidden intervention of JapanToday we are talking about a possible demarche by the Irish Democratic Party and, accordingly, the text of the treaty that could be not approved. Therefore, the GBP movement stuck. On the one hand, growth needs to be continued, because on brink of Brexit deal, on the other hand, everyone suddenly realized that the deal still has to be approved by the Parliament of Great Britain. This has already happened with Theresa May so the growth of the pound has stopped so far. Also, a positive sign following the results of today's summit of the European Union may well overshadow the concerns for a while. So today we will continue to buy the pound, but with an eye on the outcome of the summit. Its failure will be a sentence for the pound (at least temporary) and it will be sold out. Another rather unexpected threat was the announcement by China that the country is ready for countermeasures if the US Congress provides legislative support to protesters in Hong Kong. Given the already difficult and still incomplete trade negotiations between the United States and China, this could become a stumbling block in resolving trade wars. In the light of such news and market concerns, today we will continue to look for points for safe-haven assets purchase (gold and the Japanese yen). As for the yen decline this week, Goldman Sachs explains its weaknesses with purchases of foreign assets by the Japanese State Pension Investment Fund (GPIF), which put pressure on its currency. But in general, this is a form of hidden currency interventions. Interventions by the Bank of Japan may provoke the United States to ask the Bank questions, but also it seems like there is no manipulation. Worth noting the weak data on US retail sales (-0.3% with the forecast + 0.3%). The dollar naturally was under pressure. Recall that we remain bears, so today we continue to look for points for dollar sales in the foreign exchange market.
Long
by Trade24Fx
ECB, EU summit and Brexit, Trump's threats and IMF outlookWednesday promises to be a difficult day for the euro and the pound. There are two extremely important events will take place today: the ECB meeting and emergency summit of EU leaders to consider UK request for further extension until 30 June, with the option of an earlier Brexit day if a deal can be agreed. Let's start with the ECB meeting. Surprises are not expected by markets. The bet might be left unchanged. Everybody will be interested in details of the ECB long-term lending program. In general, we do not expect any bullish signals for the euro, but there should also be no reasons for its sales. In this regard, our position on the euro today is as follows: since the EURUSD is at the lower limit of the medium-term range, we give preference to buying with stops below 1.1170 and profit close to 1.1400. The information that Trump is preparing to open up a new front in the trade wars could be the problem for the euro. This time he is going to attack Europe. The White House reported that they are considering to moves to impose tariffs on $11 Billion of EU Goods in response to Airbus subsidies, which was declared illegal by the World Trade Organization. The list of goods that come under attack includes not only airplanes and helicopters, but also products of the agro-industrial complex, in particular cheese and wine. The EU emergency summit seems to be much less predictable by the results of the event and explosions of volatility in pound pairs by its results are very likely. April 12, the UK must leave the EU. Following yesterday's parliamentary vote, approval of the withdrawal agreement has not been given by the UK Parliament so it should be a “No-deal” Brexit. The option is unprofitable for both parties, so we believe that the summit is unlikely to end up being just shown to the UK at the door. This will definitely be a hit to the pound and in this case its fall will be rapid and strong. Accordingly, the second alternative comes into play - to give the UK another chance. This is the most likely scenario. But he is also divided into alternatives. The first is that the EU satisfies May’s request and extends Brexit’s deadline until June. The second is that the EU is offering Britain a postponement for a long term (for example, a year). Since the initiative is on the EU side, it seems to us that the summit will end up with the EU’s agreement for a long delay. In general, both of these options are positive for the pound. So, as a basic plan for working with pound pairs for today is looking for points for its buying. The International Monetary Fund on Tuesday cut its global growth outlook for the third time in a row. The IMF projects global economic growth of 3.3% this year. As expected, the economies of developed countries in 2019 will grow by 1.8%, and developing countries - by 4.4%. GDP of China and the United States should increase by 6.3% and 2.3%. This is another reason to pay attention to buying of safe-haven assets. Recall, our recommendation for buying gold on the intraday basis continues to be relevant.
Long
by Trade24Fx
Long CABLE Fibonacci Level Gains Pre 20 Mar 11:30 UTC ParliamentGBP/USD will continue to pump preceding Wednesday's Questions with the Prime Minister in the House of Commons (when she is expected to introduce a third deal-agreement in regard to the UK's exit from the European Union), for this will determine: 1) whether or not the UK will as for an extension to Article 50, and 2) the extension's length of time and reasoning. 96 Pips. The European Council is set to discuss Article 50 at 15:30 (UTC+1) with a press conferece planned for 19:00 (UTC +1), and we can assume the the Council's decision in regard to the UK's request for extension will be announced.
Long
by ThrivingProject
First scenario AGREED!!!Hello everyone and welcome on my new publication. Today we are going to talk about Ethereum, last week I had considered two possibilities for Ethereum the first was the scenario of blue arrows, a scenario that would not break the support and would join the previous resistance. It is this scenario which is still for the moment privileged because of Divergent Momentum to slide the prices during all the week on the support before bouncing yesterday. I therefore consider that the course may continue to climb to reach 180 dollars by January and will offer us a beautiful Christmas gift. Thank you for reading my post, hoping it was helpful. Please don't forgot to follow me and to leave a like. "Warning: This publication is not an investment advice, it's only my personal opinion. My publication was created from my acquaintances who have been growing for 2 years."
BITFINEX:ETHUSDLong
by LearnTradingBTC
2
Post consensus downtrendA little late with publishing this TA but is still fully ongoing It seems that most expected an immediate bounce after the Consensus Summit 2018 but this didn't happen, e From a fundamental stanpoint there are mostly good news but we lack volume and big investors Some hours ago price broke a daily support @8240, entered in a bearish scenario and confirming the falling wedge that could bring down to 7700-7300$ price level If we take a look at the weekly chart, price could touch the 50 SMA around 7700$ with a short spike down to 73xx$ where a weekly support is present In that case we could have a possible oversold on the daily chart and reach the 0.768fib, a strong point for leading to an accumulation/lateralization phase and then a change of trend A price lower than 0.768fib should anyway cause some concern and we'll have to look carefully at the triangle bottom trendline and watch for some panic action. A good time for placing positions but using small allocations at least until a strong long signal is identified!
BITFINEX:BTCUSDShort
by Horrorcoder
ICXBTC I'm very bullish on ICX in short And long-termHi All, New Trader Here, Hope All your trades are going well. With the summits coming up May 14 and Bluewhale at the end of the month Accepting ETH & ICX. I see potential 50% gain to $6 in the Next Coming Weeks. ICX to the moon, The launch pad is ready. We simply have to break first into uptrend. This is solely predicated on BTC movement EMA Up. Wait for confirmation on the uptrend before entering the trade ICON ICX upcoming events: 14 May — Consensus 2018 Summit in New York cryptocalendar.pro This is by no means financial advice,I see potential so Please do your own research. Please tell me what you all think. I'm open to learn more from Experience traders.
Education
by letsgetit
2
This will be the last time to 8K for BTC?A possible bearish scenario for BTC could be a retracement around 8400-8300$ We are now sitting on a support visible on H4 timeline and another pullback could lead down to the next daily support at the price mentioned about, this match also the 0.5fib and the 200 SMA line is just above usually acting as a strong support. On the daily timeline MACD is crossing, it's worth to keep an eye on it. On the other hand If the price break over 9600$ I think this scenario will be considered invalid. Now I think that there is another variable into the game that could drive the price a bit crazy: the 2018 Consensus conference! It's on 14-16 may, this is one of the most awaited crypto summit of the year and could potentially influence the price in a positive way as happened in the 2017. I'm just speculating but if the correction fall into the conference timeline how market will react? This will the last time we see price around 8K? In any case the next days will be really interesting!
BITFINEX:BTCUSDShort
by Horrorcoder