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Thetrendisyourfriend

AVGO dips for a buy now $50 under ATH LONGAVGO is asking to be chased. On the daily chart, the price is now $50 below the ATH of the top of of the month. RSI on the lower TF green line has pulled back to 72 from 85. The longer TF black line is admittedly in overbought territory. The longterm growth expectations of the AI stock defy ordinary technical analysis, AVGO is 3-4% below the ATH. I see this as an opportunity to diversify in AI stocks by getting a small position in BroadCom to supplement NVDA, MU and INTC. I am looking at TXN as it has a lower price tag and is about 10% below ATH. ( The growth prospects need a look to see if they are there.) I expect AVGO to compete well in the space and can see that it is making agreements with some other companies well situated in AI .
NASDAQ:AVGOLong
by AwesomeAvani
Starbucks (SBUX) - Hangs Around 21 EMAAs you all know, I regularly post pullback trade ideas as stocks pullback to their 21 day EMA. Today, I am looking at Starbucks NASDAQ:SBUX . What's different about this pullback is that Starbucks usually doesnt hang out at the 21 for more than a day or two. However, its been 4 days... so I wonder if the powers that be are on to us! ... just kidding. But in all seriousness, I like this chart. I think that it really shows that support at the 21 EMA is being tested hard and should SBUX close the day out above the 21 EMA or even the 8 EMA on the daily chart (putting it in the Green), then I think next week we could see SBUX go even higher.
NASDAQ:SBUXLong
by UnknownUnicorn6775423
I WARNED you: It's a BULL TREND.Today SPX killed a lot of bears. It’s impressive, and I understand the bear’s point. With all the problems the world is facing right now, how could this bull trend persist? Well, I have no idea, all I know it is a bull trend and that’s what I’ve been warning you guys since I started to write my analyses here. First, I invite you to follow me to keep updated about our trades and analyses, I’m every day here, and I’m sure you’ll find something interesting. Those who follows me know that I’m a bull, I have my portfolio and I bought more stocks on Friday. Check my social media for more details. My stocks are performing very well, thank you very much, despite of my personal beliefs about the market. As I said, I get the bears, but my trading style is reactive, not predictive , and I just do what the chart tell me to do. I’ll talk openly about my stocks in future posts. I’ve already analyzed two of them here (links below), but the remaining I just mentioned briefly on my social media, so remember to follow me there too! Now SPX is testing a resistance zone again, which is the previous tops and the 61.8% fib retracement, and it did a higher high than these tops. All of this are very strong bullish signs, and it seems it will close slightly above the fib retracement. A stronger bullish sign would be if it close above the higher high of Apr 29’s candle, but that’s ok. At the hourly chart you can see my concerns: The price found support at the “support zone” and did a false breakout of the purple trendline. Now we see that it is very important for the price to close above this pink line (Apr. 29 top), because the market may see a triple top here, and this could sink the price all the way back to the “support zone”. In any case, I wouldn’t short SPX to hedge my positions, I prefer to buy VIX, but only tomorrow we will know if the bulls will win this battle. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
6
GBPUSD (Updated Analysis)If you look at my previous GBPUSD analysis, we can see that the market failed to break through the resistance and continued as a short downtrend. i have drawn new support and resistance zones so i can identify what direction the market could possibly move. If the market respects the Support line and closes higher than the previous low,that would indicate that the chart has formed a double bottom. Eventually, the market will break out the parallel channel that's what would like to see. We are patiently allowing the market to move its direction as we know patience is key!
Long
by NadirForex
Bitcoin! The bulls have won the battle - but who wins the war!?Hey guys! I'm definitely feeling a bit bullish on bitcoin today. Technicals are great, but I feel that too often TA on TradingView neglects the emotion of the market as an indicator. Lately, we've been hearing much about $5k, even from Tone Vays - who I respect. But, even the best of technical analysts, or the smartest of us, can fall prey to emotion - we're Human! That's what makes us great. Are these bears falling victim to this scenario? Of that, I'm not sure. I do know, that when I got into crypto last november, all I could hear about was $30k Bitcoin , $50k Bitcoin, etc! Is the inverse of that scenario happening now? Well, I think just maybe that COULD be the case. I am not a professional, but that thought has been floating in my head ever since we bounced off 5750. Here's my bullish scenario (as a bear) and my trade conditions. Good luck everyone!
BITFINEX:BTCUSDLong
by vox-populi
The Trend is Your FriendBelow you'll find an analysis on the NZDJPY, Daily timeframe. Price is approaching the downward trendline and the 77.688 level (23.6 fib level and swinglow of 31st of October). If this level proves resistance, I expect price to fall to 76.105 (0 fib level). 75.930 provides a strong support so a potential trade on this setup could be to open 2 small short positions, both with the SL above the TL (according to your risk appetite). TP1 just above the 76.105 level and when TP1 is hit, move SL from the remaining position to entry level. Let potential profit run, and secure it by moving SL lower (or use a trailing stop). Feel free to ask any questions or post any comments that you might have! Enjoy the day, Happy Trading!
Short
by jouke.hartman
USDZAR Letting Winner RunI put a trade on last week for one mini lot in USD denomination. Price action is doing well on the 4 hour chart. Testing my patience, but that's where the money is made. The original position was entered when price made a higher high and tested the previous high with a higher low after the reversal price action confirmation (I missed the first entry of the first higher high and higher low). Price broke above and closed above the previous short-term high (green line). Moving towards the downward sloping trend line, I think the more important level that we will see hesitation at is the 13.5 area where we found a double top in the past. If you're looking to continue this trend with me, look for price to come back to the green line (13.27). It will probably take a day to make a touch and continue its run upwards. Trail your stop like I am. This is how we let our winner run.
Long
by akadibaba
1