LUCID Long scenarioIt looks like LUCID is about to finish it's full Elliot Wave movement and the correction reached 0.886 FIb retracement level. I am considering this as a good opportunity to take a long position and target the previous All Time High.
Risk to reward ratio is almost 1 to 3.5
Good luck everyone :)
TERM
300% profit on the weekly chartWill this candlestick close here on the weekly?
we will find out today
if it does close here I will be in this position for the long to collect close to 300% profit
looks good and like a good bet based on the tech behind this project
renproject.io
check it out!!!
goal for me is the top trend line but I think its possible to squeeze out $2 on this trade.
KnowBe4 is told to retrace 50%!Market is finishing flag pattern we are waiting for a retracement back to 50% fib zone at least.
Aroon: It already shows on a daily timeframe a loss of bearish momentum because it's bouncing off of a support, that's shows reverse to a bullish direction
MACD: Shows gain in a bullish momentum, it is slower to catch up so we can already entry.
Bollinger band: we already jumped off of a bottom of Bollinger band and retraced we should see rise in price.
Fundamental analysis: According to Goldman Sachs KnowBe4 is one of the beaten down stocks that may retrace 50% other two stocks already shown gain unlike this one, so we have a potential rise in price.
Also Essex gives gives this stock a buy rating and 32$ price target until the next year.
Invalidation: 16.46
Entry: 19
Target: 23.90
BSY BULLISH POTENTIALMarket just finished complete Elliot wave 1-5 with an ABC correction, we are back at the buy zone, which market created with an institutional candle back when in it's beginning.
Aroon: Orange line crossed the blue one in the daily time frame which already shows that we are heading bullish direction.
MACD: Shows gain in the Bullish momentum we need to wait for it to cross upwards with a signal line on a daily timeframe.
Bollinger bands: We already bounced from the bottom Bollinger band which indicates we are heading bullish.
We should retrace all the way back to 50% fib zone, but we have a strong resistance just below it, taking that resistance as our target is a lot safer.
Entry 37
Invalidation 30.59
Target 50.21
Ratio 1:4
APple shows signs of moving upTechnical analysis: Market just broke the uptrend but is still fighting with a support, we are looking for it to break a flag upwards since it is a 4 point of an Elliot wave, and we retraced to 61.8 percent fib zone, so we are looking for it to finish full Elliot wave 1-5 which should end above the third point of Elliot wave, but it is safe Target to take first profits on a same level as a third point of the Elliot wave. And the second Target at the top of an uptrend.
Aroon: Since we are fighting a resistance Aroon is showing gain in a bullish momentum once orange line crosses blue one we are good for an entry
MACD: MACD is slow to catch up on a daily chart it still shows gain in a bearish momentum, but in lower time frames we are already gaining bullish momentum.
Bollinger bands: we just bounced of a bottom Bollinger band which shows we should move bullish direction.
Fundamental analysis: According to CNBC in a past 14 hours we received good news which will help with a bullish momentum.
Gene Munster breaks down Apple’s latest product launch and the bigger tech landscape. The launch of a new products should increase Apple stock price and a bigger landscape should give us more long term opportunities.
Apple’s $429 iPhone SE is one of its cheapest phones ever. Apple's phones becoming one of the cheapest will increase sales. Which should increase Apple stock price.
Invalidation: 145.76
Entry for a better Risk reward ratio: 158
Safe entry: 165
Target 1: 180.52
Target 2: 203.72
BAC Mid-Long Term Entry Play (Positions & Options)Technical Related:
- Double Top on BAC (already hit)
- Hit resistance level (around $38.25)
- MACD dipped extremely under half-line (more room for volatility)
- No further bearish technical indications
News Related:
- War between Ukraine & Russia heating up (bearish)
- Bank of America's financials are good + getting better (bullish)
- Buy rating given from analysts
- 1-yr price target: $51.57
- EPS Estimate: 3.26
The Play:
- Long-term position entries
- Long-term option entries?
- Mid-term option entries
*Please critique me on anything as I am new to charting :)
long GOLDGiven the fundamentals, with the current geopolitical situation, we are looking at continuation of the uptrend of the precious metal.
As we can see on our weekly chart, at the breakout of the 1,375 level, after a contraction period, GOLD extended to all time high with a 50% gain.
This is what we are expecting with the current setup, for a medium term trade, where we look at extending up to the new all time high at 3,000$ per once. Our SL will be just below 1,660, in correspondence of the lower part of the channel. A great 3.2 RR on this medium term trade
Shib Big Pump is the ROI on PatienceGood things come to those who wait. All long term shib holders have their fingers crossed and their bags filled. Their patience will be paid off handsomely in due time.
Crypto winter is upon us and has been since turn of the new year. Expect prices to heat up like the weather in the coming months.
For those who are bag holding, continue the good fight… for those who have DCA down, expect to be in profits within 8 weeks. Many have learned through the rise and fall of shib to take profits so don’t expect the next ride up to be as exponential on the daily chart due to cautious traders taking reasonable profits at strong Fib levels.
This is my first published chart and is a result of my insomnia. Any feedback or suggestions is welcomed :)