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LONGTERM BIASEDDid not use any of indicators or any. Just wanted to know your thoughts on my longterm thinking about GU. If I am counting DXY weakening (FED possible decrease of Interest rates, now or later.. even if they leave them on same levels, USD loosing on value) plus England getting better on longterm. We can see possible rise in upcoming months and years. Let me know with your opinions or correct me. I will gladly change my mind if I am wrong. Do NOT forget this is D TF. Trade wisely and wish you only greens! J
Long
by jake1fx
GROV - IF you want a "Squeeze candidate" try this one. There is some serious potential here on this stock. After such a big drop, those short positions are going to close, which will end up springing the price upwards. There is potential for a big short term run-up on this stock. Price targets are marked. Relevant trends are marked. This trade won't be for those not okay with massive risk!! The lowest price target I currently see is marked in red. Imo, this price target will ultimately spring the price higher in the end, and you can probably buy that dip with some confidence in some kind of bullish price action to come and cover losses. Ultimately, we could very well see a situation like this play out. This line won't be very accurate overall, please follow the actual chart and indicators, however, this movement projects to be quick, but it's hard to tell. If the trends are projected accurately, it times the crash to mid-late Jan, and it times the run-up into starting next week. If I was trading, I'd pay close attention to that 3.83 mark, with potential to keep going up to like 5.8 or so..
NYSE:GROVLong
by nicktussing77
2
USDCAD POTTENTIAL SETUPS FOR THE WEEK.1. Identify the Current Trend: Begin by assessing the current trend of the USDCAD pair. Is it in an uptrend or a downtrend? Trends can be identified by drawing trend lines or using technical indicators as observed our current trend is shifting to the bearish setups 2. Spot the Change of Character: To anticipate a potential change in character, you should look for signs of exhaustion or reversal in the existing trend. When we have Brocken the lower high of the previous run 3. Wait for Deeper Retest: After identifying potential signs of a change in character, it's important to be patient and wait for confirmation. This often involves waiting for a deeper retest of key support or resistance levels. A deeper retest means that price retraces further into the prior trend, offering a clearer confirmation signal. 4. Confirmation of New Trend: To confirm the change of trend, look for the following: Breakout: Once the retest is complete, watch for a breakout above a significant resistance level (if anticipating a reversal from a downtrend). The breakout should ideally be accompanied by increased trading volume. 5 Higher Highs and Higher Lows: Observe if the price starts forming higher highs and higher lows. This pattern is characteristic of an uptrend and indicates a potential change in character. 6. Monitoring and Adaptation: Keep a close eye on the market once you've entered a trade. Continuously monitor price action and adjust your strategy as needed based on emerging developments.
Short
by DIGITALASSETSINC
1
GM TA - General Motors going downhey guys whats up its amir So General Motors, what exactly do we have here: - Beautiful bearish flag just got broke down - I want you to notice to the RMACD we had last week a bull trigger and got rejected and now were closing a bearish trigger, and exactly the same happened in the drop last time (vertical lines) its a sign that the bears are stronger than the bulls. - Watch at the volume indicator, for about two years you can see clearly who have control on the stock look at all the red bars, clearly the bears are in charge here. - Good risk reward ratio 1:3 its fine. defintely work for me. *not financial advisor*
NYSE:GMShort
by amirhemo
Pidilite - Cup & Handle Formation PIDILITE IND LTD (JULY23 - CMP RS 2662.80) Cup Pattern #Phase1 - saw a sharp down move from Dec22 to Jan23 #Phase2 - Formed a slow base between Jan23 to Apr23 #Phase3 - From May23 - Jun23 it steadily moved up When you add up the 3 phases - the Cup Pattern is visible in the Price Action. Handle Pattern #Phase4 - Between Jun23 and Jul23 the Price of Pidilite underwent the next small phase of correction Phase#5 the Stock price saw a gradual upmove. When you look at the full move of #Phase4 and #Phase5 - it resembles the Handle of the Cup The Cup & Handle is a bullish continuation pattern which means that it is usually indicative of a future increase in price once the pattern is complete. Willing Buyers take exposure after the formation of the Handle is complete and push the Price upwards. If the Pattern is successful, the Price can be expected to rally towards the life time highs of Rs 2918.95 implying a potential 9.6% up-move from the CMP of Rs 2662.80 as on July 21, 2023. The Price appreciation could play out over the next 3-4 months.
NSE:PIDILITINDLong
by kinisooraj
USDJPY bullish week = more upsideDay 47/100 Contrary to popular forecasts, my current USDJPY outlook is leaning to the upside Fundamental Catalysts: - Fed rate hikes - BoJ policy updates Bullish base-case: - Fed remains hawkish using tight jobs markets as reason to continue on "hawkish" path - BoJ will remain dovish // not as hawkish as expected If base-case is wrong, only then I'll be considering further downside Technicals - This week rejecting 138 key pivot area - If it closes bullish this week, more upside is to come; a push back into 145 🥂
Long
by rob_WRLD_
2
$TSLA Down on Over-SpeculationNASDAQ:TSLA reported earnings after market close yesterday. Pro traders took profits before the close as the run became technically overextended. It gapped down today, but not on the extreme volume we'd expect from the usual HFT activity around earnings. Profit and Operating margins are decreasing quarter over quarter, but revenues and net income are increasing. This is not so much an onslaught of sellers but profit-taking along with a lack of buyers at this price range. As occurs often for this high-profile yet important EV company, the stock is over-speculated and needs to pattern out the excess. It could test the next support levels, but ultimately it's likely to head sideways as it challenges the resistance from Aug-Oct of last year...barring any surprises from Musk ;) Dark Pool Buy Zones are in the bottom formation. The question is: will those buy zones be moved up or not?
NASDAQ:TSLA
by MarthaStokesCMT-TechniTrader
1
NETSOL - initial target of 10% upside After witnessing a rapid recovery in IT stocks worldwide, especially on the NASDAQ, it seems that a similar trend may be expected in Pakistan's IT sector in the near future. The IT sector is poised to be a significant beneficiary of the current economic environment, with the government likely to provide further tax rebates. Given this outlook, I hold a bullish stance on the IT sector and have identified NETSOL and TRG as top picks. Currently, NETSOL is trading at $80. I have set an initial target of 10% upside, and once this target is achieved, we can review and discuss the next set of targets. Please note that the above analysis represents my personal opinion as a financial analyst. It is important to conduct further research and analysis before making any investment decisions.
PSX:NETSOLLong
by meerabdullah
1
#BABA #ALIBABA LONGALIBABA is nearing support and should be ready for some big upside in the coming weeks/months. Analyst price targets are downside HKEX:72 upside median HKEX:150 and long HKEX:220 , considering the market is a bit shaky and volatile i would be more conscious to the downside and put an even lower downside target of about 45/50 range. however, the recent news coming out of BABA on splitting the business is a very solid news for the stock and is definitely the one to hold on to for big gains.
NYSE:BABALong
by shaxrashid
GBP/USD Trade setup (Short Position) Potential trade setup on the 1-hour timeframe for GU. Price action is creating a nice "expanding bearish triangle" pattern which could make another retest towards the price level (1.24000) before continuing in the sellers direction. Going back to April 10th, you will notice the support that was created multiple times before price created indecision candles closing above & below that support zone. Finally, both EMA's are confirming sellers momentum is slowly shifting over to a bearish selloff. Updates will be posted when price enters our area of interest. Stay tuned.
by GeoRiches
BITCOIN What Will Happen Next? Analysis! Hello,Traders! BITCOIN did not yet manage To break the key decisive level And I think that before the FED's first rate cut we will See BTC consolidating Between the two levels But after the breakout And 1W candle closing Above the level we will be Able to say that BTC will Go higher and sky is the limit Before that and before the FED acts, I am inclined to Expect consolidation Analysis! Like, comment and subscribe to help us grow! Check out other forecasts below too!
BITSTAMP:BTCUSDLong
by TopTradingSignals
11