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Triplebottom

CMCM is showing bullish price actionNYSE:CMCM is break out from the multiple bottom consolidation area and is now target 2.38$, 2.54$ and 2.87$. Any pull back towards the break out level at around 2.15$ is buying opportunity. The move is backed up by positive earning for the past two quarters, it is always convenient to long stocks that are bullish technically and fundamentally. I would place my stop at 1.79$. Hit the like button please if you find this useful :) This is only my own view and not a financial advice, do your own analysis before buying or selling Happy Trading!
NYSE:CMCMLong
by Chartoholic
InvoCare Limited (IVC) - LONGInvoCare Limited (IVC) - LONG ASX:IVC InvoCare Limited provides funeral, cemetery, crematoria, and related services in Australia, New Zealand, and Singapore. The company operates 290 locations, and 16 cemeteries and crematoria under various brands. In addition, the company operates MyGriefAssist, an online grief resource Website; and MyMemorial, a Website that provides range of cremation and burial memorial options, as well as provides digital funeral planning services under the Funeral Planner brand name. Technicals: An entry could present itself on the break of the cup & handle pattern and establish a continuation of the preceding trend since September. Although TL has not been confirmed on the weekly, the 50 EMA has recently crossed the 100, with the 100/200 about to do the same. Back-testing similar pattern setups occurring on the break of the 200 has seen a handy upside profit in a short period of time. On the break of S2 with a reflection in buying pressure, the gap from back in March could be filled @ $13.00. It looks like it could possibly head to $14 at the extension. This trade would be void if IVC does not break through S2. Fundamentals: Earnings are forecast to grow 35.91% per year Forecast earnings growth (35.9% per year) is above the savings rate (2%). Earnings (35.9% per year) growing faster than the Australian market (17.8% per year). Earnings are expected to grow significantly over the next 3 years. IVC's revenue (8.2% per year) is forecast to grow faster than the Australian market (4.9% per year). Trading at 13.9% below it’s current fair value estimate. Debt is well covered by operating cash flow (26.3%). The CEO’s (Martin Alistair) total compensation is below average for companies of similar size in the Australian market and has been consistent with company performance over the past year. Never take stock tips. Educate yourself and always DYOR while implementing a rigid risk management plan before investing your own money.
ILong
by simplyasx
TAKE SOLUTIONS - Triple Bottom - Weekly chart - SwingThis analysis is done purely on basis of price action and chart patterns. The analysis is done on weekly TF hence it can take couple of days to couple of weeks to reach the target. Logic, SL and Target is shown in image itself. This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management. Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
NSE:TAKELong
by AdityaKarn90
3
Let's See The Power of Triple BottomThere is a MainNet and it planned to launch until 15 December 2020! Stacks 2.0 is coming at the same time as MainNet. Stakers will earn BTC while stacking STX after Stacks 2.0. You can confirm it from Blockstack's official announcements. Now, let's look at the chart. I'm observing triple bottom formation. Also STX in oversold zone. Indicators which in oversold zone are Bollinger Bands %B , Relative Momentum Index, Relative Strength Index. My discourses, my analysis and my drawings are definitely not investment recommendations. Cryptocurrency trading involves high market risk. Please take care of your transactions. My analysis is for educational purposes, I am not responsible for your losses.
Education
by calderontr
Ascending Triangle for Gold?On the KST there is a similar Ascending Triangle and a noticeable bullish cross where I have the blue finger icon pointing upward. I have placed three green finger icons on the regular chart & KST that could be an indication of a triple bottom. In my previous gold post linked to this chart I mentioned how Gold was trading in a bullish flag or descending triangle, gold has broken flush to the upside of that pattern, potentially indicating a bottoming & the next leg up of the bull market will continue. Always the possibility of this being a giant bear flag, we'll have to see how the trend continues, however, gold bull markets historically last approximately 10-14 years over the previous century. Last week, Russia's second-largest bank announced a plan to start the first Russian ETF backed by physical gold. VTB Bank PJSC, Russia’s second-biggest lender, is betting on gold and other precious metals to boost profits this year as investors flock to havens amid the global pandemic. The bank is prioritizing physical gold trading, as well as lending to mining companies and deals with their shares, because they are one of the few sectors to benefit from Covid-19, First Deputy Chairman Yuri Soloviev said in an interview. Tradingview doesn't allow us to post external links, however, a quick google search will show you what I am referencing above in regards to Russia. ORSU Metals is a Russian Gold Mining company that recently completed positive bulk sampling, keep an eye on them, OSU on the tsxv.
TVC:GOLDLong
by ScotianBot
AUD/USD has created a triple Bottom pattern!! Hi every one chart is speaking it self . As you can see, the market has created a Triple bottom pattern, and this is a happy pattern because it signals a return to price. Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Thank you for seeing idea . please support us Good luck.
Long
by CobraVanguard
1
EURAUD, daily tf, buy on retest of supportHello my friends, The second setup for next week gonna be EURAUD pairs. As you can see this pair has shifted from bearish to become bullish as price now making higher highs and higher lows. There is not many things to analyze in this pair and i am just gonna use simple support and resistance along with price action. I do see a possibility that price making a triple bottom or cup and handle pattern previously but i will still keep it simple. Notice that i have marked 1.6540 as a horizontal level of support. Drawing a fibonacci retracement we could see 1.6520 is where 61.8% fibonacci level located, it is also the area between EMA-10 and EMA-20 so we could see some buying power around that area. The last friday candle closed with a doji so i could say the retracement of EURAUD pretty much going to end soon. I am gonna set a buy limit order in this pair. Buy EURAUD 1.6520 Stop loss 1.6470 Take profit 1.6775 RR ratio 1 : 5.2 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
USD/JPY has created a triple Bottom pattern!!Hi every one chart is speaking it self . As you can see, the market has created a Triple bottom pattern, and this is a happy pattern because it signals a return to price. Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Thank you for seeing idea . please support us Good luck.
Long
by CobraVanguard
3
ALGOUSDT is testing weekly structure 🦐ALGOUSDT is testing weekly structure after created triple bottom. IF the price will a breakout from dynamic daily resistance and daily resistance (static) and turns into support, According to Plancton's strategy, 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
2
ARA, Triple Bottoms (bullish)I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 90% TARGET (EXIT) PRICE = 11.62 USD BREAKOUT (ENTRY) PRICE = 11.53 USD DISTANCE TO TARGET PRICE = 1.74% EMERGED ON = Oct 19, 12:00 PM (EDT) CONFIRMED ON = Oct 20, 12:00 PM (EDT) WITH CONFIDENCE LEVEL = 98% The Triple Bottom pattern appears when there are three distinct low points (1, 3, 5) that represent a consistent support level. The security tests the support level over time but eventually breaks resistance and makes a strong move to the upside. This type of formation happens when sellers can not break the support price, and market participants eventually pour in. Trade idea Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout price level. To identify an exit, compute the target price by adding the pattern’s height (highest price minus the bottom price support level) to the breakout level ­ the highest high. When trading, wait for the confirmation move, which is when the price rises above the breakout level. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
ALong
by AlTorress
1
Descending Triangle for DXY?Notice the RSI is displaying a bearish descending triangle pattern, similar to the price action, and on the KST there's a noticeable bearish cross which will potentially end up the right shoulder of a H&S pattern. We have seen the blue baseline of support on the RSI hold for the time being. The 3 blue finger icons on the left side of the chart represent a triple bottom that played out bullishly, I have placed two more blue finger icons to hypothetically represent a future similar outcome, and the third bottom is a question mark icon.
TVC:DXY
by ScotianBot
2