DIS Bullish Target 110 for April 1Taking a look at the weekly chart, Disney is beginning to show signs of a bottom with the RSI divergence dictation along with strong bullish impulse off these lows.
With that said, stocks to tend to underperform in January and I'm expecting to see similar follow through with DIS which is why my bullish target of 110 is set for April 1
Trade Safe - Trade Well
Swingtradeideas
Bitcoin Primed For The Next Move UPAfter an aggressive sell down to acquire more liquidity to fill what we would assume are institutional orders, we see 3 attempts from the bears to push price lower once a previous level of support was reached. The wedge pattern also finished with a swing failure pattern, taking out all stop within that range and creating more buying pressure to the upside. As additional confluence, we have RSI divergence. I'm now anticipating this to be the reversal up which will eventually lead to higher prices. Stop is set below the SFP candle and take profits are set at naked levels and swing points along the way.
Short Facebook $FBGap fill, RSI turning over hit average, MACD is turning over, room down to $150. High Put Open Interest at this level.
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Long Tesla $TSLABounced off-key level of support in FIB, RSI is starting to point up, on balance volume is still pointing down, the stock had good news today, MACD hasn't switched over, has unusual call volume. Possibly room up to the 9 SMA.
Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision and is for entertainment purposes only. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
$SPX my plan for my short term swing trade ideas.
today I went short through puts $ALB, $DE, $LULU (lol), $MDB, $PANW & $V
i went long (as a hedge) $TQQQ
yesterday was a better day to go short but the late day rally was pretty big move & market not rational so didn't want to get caught swinging short into a gap up since close was strong. today was some form of confirmation that 50 basis points still not good for short term sentiment (to be long). less than 3% of total acct is in all of them combined so risk is managed, good r:r ratio in my opinion in those names, especially $LULU lol
Possible Inverted Head and Shoulders Completing This WeekThis may be an inverted head and shoulders we're looking at and about to complete the right shoulder. So if that's the case, we're gonna be bullish this week. If not, we should test the weekly zone at 123.526 and push down to the next levels.
BULL TPS:
• 124.297
• 125.022
• 125.885
BEAR TPS:
• 123.580
• 123.107
• 122.601
Waiting for Retest of Bullish Engulfing To CompleteWe're going to be trading off the results of the bullish uptick and the partial retracement from last week. It is actually a bullish engulfing on the daily timeframe. If we go back down, he may bounce from the daily zone of 1.71798, then head to the weekly level at 1.70366. Otherwise, we'll continue to go bullish once the retracement is complete as soon as we pass the daily level.
BULL TPS:
• 1.71684
• 1.72830
• 1.73672
BEAR TPS:
• 1.70968
• 1.70498
• 1.69885 only if the retest of the engulfing candle on the higher timeframe fails and we pass through the weekly level.
Bearish Trend May ContinueGold looks like it'll continue to drop this week according to the technicals on the higher timeframe. It looks like it's just a flag. If we don't drop right away, we'll retest the monthly 1924.42 zone more time before to dip. I also added Bull TPS in case it can break the downtrend.
BEAR TPS:
• 1888.42
• 1886.14
• 1846.39
BULL TPS:
• 1919.12
• 1931.37
• 1945.68
• 1978.15
Pullback Due This Week Then Possible ContinuationExcuse the arrows not showing a retest.
GBP may keep going bullish since the US is still trying to figure out how to handle the outbreak better. So I am trading to stronger key levels. A pullback may be due for the time being. But after that, I am looking for the bull run to continue. Here are your TPs:
BULL TPs:
• 1.25035
• 1.26663
• 1.27248
• 1.27967
BEAR TPs:
• 1.23310
• 1.22306
• 1.20485
• 1.19224
Key Level Setup AppearingWe are near a daily key level for a stronger trade setup. JPY gained strength against the US, but not against this pair last week. A pullback, or, looking at the higher timeframes, a continuation for the short is due. Trading this pair once it makes a move from the daily key level zone around 135.674
BULL TPs:
• 135.240
• 137.169
• 139.853
BEAR TPs:
• 134.303
• 132.381
• 131.018