AAPL Long...Possible breakoutThis chart I quickly drew for myself a while back. Any more information or explanation please just leave comment.
With the US Vaccination numbers compared to other countries I would definitlly trust the US companies the most while other countries still struggles with getting Covid undercontrol. We all saw what the market does when lockdowns are announced so for me right now as South African, all my holdings is within the US economy and exchanges. I think Apple is the perfect low risk value and growth stock for those looking to put their gains of last year in more stable holdings, big money such as ARK uses Apple and other FANG stocks as liquidy pools for their cash... Its stable and realisticly Apple has given almost alll investors to date great gains and with M1 as their start for apple silicon. People don't relize the margin gain Apple is making due to their in house silicon. The current ecosystem has already proven to be a sticky mess to get out, Apple silicon just closes the loop now from hardware to software. As far as I remember this is and was always Apples main goal, Software and hardware optimized for each other and Apple now finaly has that to their macs.
What news am I waiting on? The new 14inch Macbook pro and the current 27 inch imac replacement. That will give this company a greate upside to its current share price.
My 1 year target is around $155-$180
New all time high could come sooner and I won't exclude $200 a share.
Thanks Everyone
Technicals
Fake Outs Explained - AdCrypto TheoryHi there,
Basically you need to stop looking at horizontal lines only otherwise you will just be looking at order blocks, you need to expand and start looking diagonally..
In diagonal lines where it closes is more important than the wicks, as wicks generally represent peaks whilst where a market closes/enters is specific to the overall trading range (not always obviously you can get spikes within the last 10 minutes but overall it is true)... Either way, it's more accurate for determining trends when they are moving diagonally as opposed to just break outs from orders..
Buying above a break out is safe or at the bottom range next to support is safe, however buying in the middle opens you up to mistakes as fake outs happen that mislead people into thinking a new trend has formed..
Market Alpha Stock WatchlistNASDAQ:AGLE
Symbol came up on our watchlist scanner. If anyone is watching this one here are some levels.
DJI the long... The Mighty.. America.So , a look at our presidents, and their performance as far as the heart of the country goes.
this is the DJI this is the industry of america.
Looking at the timeline, you can see clear indications of how the presidents ran the countries, and what you could expect in the future.
NASDAQ, is Facebook, Appl, AMD, Netflix and google.
the break up of big tech is good. it will make DJI go up, and NDAQ go down
The double bottom scenario! As I was doing some restructuring of my previous lines on the chart i came across a slight switch up of future direction in the medium term. Based on my time adjusting my BTC chart i have been pushed slightly more to the bullish side based on both technicals and fundamentals which have arisen, and are slowly shifting the narrative over the markets.
My reasoning will be discussed blow in terms expressed simply for those who are new but technical enough to be applicable to those of a experienced background on markets.
1) Flag formation (neutral): although the flagpole originates from a bearish direction the flag is seen as a downward trending slope. Therefore technically it can be argued that the formation can both be interpreted as bullish or bearish, depending on the signals being created within the flag. I shall be explaining why my view is more bullish than bearish in my opinion.
2) Double bottom (bullish): This formation is known widely as being a bullish sign or bearish if it is inversive. This formation is more powerful based on that fact that it also forms a bottom for the flag formation increasing the likely hood that it will reverse. Although the neckline of the formation cuts through the Golden pocket of the fib retracement which will act as strong resistance for price to break through. If price breaks this area it will be seen as an additional point of confluence. Thereafter there is not much resistance between the Golden pocket (GP) and the Target point (TP) which sits at the $38.8k mark.
My medium term prediction for the the price based on the fact that the technicals are looking good as well as the narrative is beginning to shift, should be around $41k, which is labeled as the 50% fib level. Although this may look easy to achieve, it surely wont as the bulls would have to step up to break above the strong resistance levels that lie ahead of the $40k mark.
NB: Be advised that all technical indicators and formations expressed are based on my personal opinion and limited knowledge in the field of technical analysis. Don't base any trade off my opinions but rather take it as a perspective upon your own research and analysis.
Thank you for reading up until this point of the article. All likes and comments would be much appreciated, and if you have any thoughts on this article feel free to express your opinion whether it is good or bad.
#notfinancialadvise #tradingview
SPY Looking Very BullishSymbol: AMEX:SPY
Indicators
Lag RSI
My Opinion: Bullish
Comments: I thought we were going to be heading down after last weeks sell off but looks like SPY has a lot of bullishness behind it and may be printing more green this week.
If the trend stays bullish we may be testing the middle channel trendline.
ANPC Long IdeaWatching the gap at 3.50 I have a feeler position on (just my style) 2M float.....OBV don't lie so I'm rocking with the feeler position with a limit around $3.50 as well (full size with a bracket SL) Be careful.
Torchlight Energy Boomin After HoursSymbol: NASDAQ:TRCH
Indicators
Lag RSI
My Opinion: Bullish
Comments: Torchlight is trading high volume afterhours and may continue higher. Here is technical analysis for TRCH
$CUEN Low Float IdeaLow float mania continues with today's highest flyer $VINO that I had published an idea on at the start of June see that idea here:
Cuentas Inc
Uplisted to nasdaq on February 4th 2021 with a $12M public offering and a 2/5 split on 2/21/21
4.85M float (smaller than vino)
On Balance Volume showing big stepper's footprint being left behind. I
I am long at $2.30 and willing to get much bigger.
Miss Vino's big move today? Accumulate here and you won't be chasing.
CEI Long IdeaOBV showing a wide discrepency vs spot. I am long here looking for a move possibly to .70s in the short term. Stop below the daily range its been in. Size appropriately.
SRGA LONG Still long at 1.66 no sweat. Bounce off 1.57 little volume pocket.
Target is still low $2 range.
QUMU LongHeavy accumulation in this range...OBV looks ready to breakout.
Target #1 - $5.00 - $5.09
Target #2 - $5.50
GBP/USD looking to soon print a new high!...The Pound derived strength at the expense of its US counterpart, albeit with extra impetus from strong oil prices, Nationwide hpi and hawkish rhetoric via BoE’s Ramsden in the Guardian, though Cable came up against a barrier around 1.4250 and lost grip of the 1.4200 handle even before a downgrade to the final manufacturing PMI. From here we are looking for a short final pullback before a rally hopefully to set in over the next 48 hours.
BFLY On The Way To $20BFLY Current Price $11.75 Price Target $20
Innovative tech has been killed since February but the core difference between most innovative tech and BFLY is BFLY is a profitable company only trading at 5xPE. This is very cheap when you consider the S&P is trading at 20 PE (which means BFLY is trading four times cheaper than the market). BFLY has created a handheld ultrasound that is significantly cheaper than a normal ultrasound machine. This product is going to be used by developing countries in the future.
DOGECOIN LONGDogecoin, To the moon. as you can see, the risk level has slimmed out here to the point it is an easy buy. start dollar cost averaging in.
BTC downtrend to 20k and then shoots back up to 80k!I personally for now don't see any value in BTC, but based on technicals, this can easily happen. Let's see whether it will drop to entry and from then onwards.
Criteria:
1. Retest of previous support
2. Re-tracement and building momentum
3. Musk selling btc can lead to this
4. China declining to accept BTC can lead to this
5. Major upside, if updated (which may come tbh)
Check out my YouTube channel for more cool investment stuff.
EURJPY: Longs Loading?Reading price action, we can see that we are in a uptrend meaning we should be looking for long-term buying opportunities. Price has recently broken resistance and is testing as new support. If price closes with the current rejection candle, we can anticipate price to push higher. However, if we break support and the trend line, we will have to reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.