Get started

Trendlinebounce

The Boeing ($BA) Company to $300+?Boeing is about to hit trendline support at 212.56. The bottom of this trendline trend is March lows. I believe these lows are the strongest support. MASSIVE Cup and Handle forming on the 1D. Consolidation phase near completion. Fundamentally, COVID vaccines should support BA as a company and as a stock. Technically and Fundamentally bullish IMO. This trendline support and cup and handle should send BA to highs. Target: $300. Potential exit points 225 240, 260, 280. This is not financial advice. This is a case study for entertainment purposes. Do not take anything I say as any form of advice or financial advice.
NYSE:BALong
by Urmomma
8
TRXBTC had a breakout from descending channel 🦐TRXBTC had a breakout from descending daily channel, and now the price is below the daily structure. IF the price will have a breakout from the daily resistance and weekly trendline, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
OGNBTC breakout! 🦐$OGN.X had a breakout from descending trendline, after the price created a double bottom. IF the price will close above new daily support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
17
Technical Basics: QCOM Possible Upside Move?Those looking for a simple technical analysis (TA) could revisit the use of trendline. Its one of the most basic tools. As depicted in the QCOM chart, one could find the potential move of QCOM. Trendline 1 could tell the reader its a confirmed uptrend with at least 3 point of touches by the trendline. Trendline 2 is also a confirmed uptrend with the same 3 point of touches. Trendline 3 is a unconfirmed uptrend and could be a weak one as it only have the minimum 2 point of touches by the trendline. The angle of ascend of each trendline may also tell us the sustainability of the trendline. A more upsloping (near vertical formation) would not sustained the upward move. The ideal upsloping or upward trendline angle would be around the 40 degree angle. The use of trendline not just restrictive to price action, but it also can be used to determine Volume trend. As depicted on QCOM chart, the volume is drying up by the down sloping of the trendline. A break of the down sloping trendline could potentially pushing up the price of QCOM further high. Beside using trendline to determine the next up or down trend move of a particular instruments, trendline could also be used as a dynamic support and resistance line. As an example depicted by QCOM chart, Trendline 3 currently supporting the upward move of QCOM price action, but if it fails the next dynamic support could be Trendline 2 and Trendline 1. A price action falls below Trendline 1 could signal a change in trend from Bullish to Bearish. One need to update his/her trendline from time to time in order to accounts for the latest price action move. Happy trading guys.
NASDAQ:QCOMLong
by mukhriz.mangsor
USDCAD is inside a descending channel 🦐USDCAD is inside a descending channel, and the price is testing the dynamic monthly trendline. (Purple, check my previous idea ) IF the price will break a descending channel and retest the previous resistance we can set a nice long. IF the price will lose the support we can see another bear impulse. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
by InkyGrip
31