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Think Before You Short: AMZN EarningsTraders need to check weekly charts when considering selling short stocks at this time. Many times there are strong support levels close to the current sold down price action. The weekly charts also provide more data for day and swing traders to determine the all important RUN GAIN POTENTIAL. This must be calculated before any trade to determine the Risk versus Profit Potential for that trade, regardless of whether the hold time is a few minutes or several days for swing trading. For many stocks, the recent selling down is not due to weaker earnings expectations but due to an overall reaction to retail news regarding international conflicts, US government uncertainties and regional wars. The key element for trading stocks short-term is to understand where support will kick in and halt a sell short trade. Understanding the functionality and the strength or weakness of a support level is crucial to attaining a high-profit trade. It is also a factor if you are waiting on the Dark Pool Buy Zone levels for getting into the stock for a run up from support levels. Below is a chart of AMZN, which reports earnings on Thursday this week after the market close. It shows that support is strong near the current price level. This indicates that the Dark Pool Buy Zone is within that technical price range. Selling short is inherently higher risk as the support level is a long-term trend strong support. Why is it so strong? 1. There is a several-week price range that held the stock up. 2. Highs are a support mechanism when the stock market is not in a long-term downtrend. ALL traders should know that this is not a bear market. Indexes are in a Trading Range. 3. The length of the candles is significant and relevant to the strength of the support.
NASDAQ:AMZN
by MarthaStokesCMT-TechniTrader
The EMA200 on BTC's Weekly TF: A Simple Yet Powerful IndicatorIn the fast-paced world of crypto trading, it's easy to get caught up in a web of complex charts and countless indicators. While there's value in detailed analysis, sometimes less is more. This is particularly true for long-term investors, who often benefit from a more streamlined approach. One such straightforward yet impactful tool is the EMA200 on Bitcoin's weekly chart. Why Higher Timeframes Matter For those who invest with a longer time horizon, higher timeframes offer a clearer, less noisy view of the market. While day traders dissect every minute movement, long-term investors are more interested in overarching trends. In this regard, the weekly chart serves as a reliable guide. The Significance of EMA200 As of now, Bitcoin is nearing its EMA200 on the weekly chart for the first time since March. This is a key moment for a couple of reasons: Bullish Outlook: If Bitcoin stays above the EMA200, we could be looking at another bullish rally, similar to what happened last June. Bearish Outlook: On the flip side, if it falls below this line, we might be entering a bearish phase, much like the period from June 2022 to early 2023. The Power of Simplicity The EMA200 simplifies complex market dynamics into a single, easily understandable metric. While lower timeframes can be influenced by short-term volatility, indicators on higher timeframes like the weekly chart have a greater impact on long-term price trends. Risk Management & Disclaimer Navigating the volatile crypto market requires a disciplined approach to risk management. It's not just about capitalizing on opportunities, but also about preserving your investment during uncertain times. Please note that these are my personal observations and not financial advice. Always do your own research and consult a financial advisor before making investment decisions. However, you might want to consider following me for more of my observations Happy trading, and may the trend be with you!
by RuneDD
KPR Mills: Headed for a channel tradeCMP: 668 | Industry: Textiles P/E: 28.87 | Industry P/E: 33.2|ROE: 23.4% | ROCE: 24.4% |BV: INR 108 | EPS: INR 23.1| MCAP: 32,033 Cr. Aggressive Entry: 668 | Resistance Levels: 710 | 756 | 801 Stop Loss: 598 Confirmation entry levels > 680 | CCI: 92| EMA (9d): 658.7 | S. RSI: 72 Analysis: KPR Mills formed its last bottom in December 2022 at 485. Post that the stocks have been forming new higher highs and higher lows within a parallel channel with decent consolidation of 4 – 5 weeks on average before every rally to new monthly highs. The red line indicates the channel bandwidth line and a close above this line would indicate a confirmation to trade up to and beyond channel resistance levels. Entries at current levels can be taken for 710 levels and a strong support stands at 600, a close below which will hit the stoploss.
NSE:KPRMILLLong
by chandakpulkit
Significant Moving Averages positions in the S&P500 weekly chartThe 200-SMA of a weekly chart is probably the main indicator of a secular bull market. It's almost never breakdown, except if a crash happens, and then prices usually come back quickly to the uptrend. Or, the other situation, when an extended bear market begins, and in that case, prices will remain under this MA for a while and the battle around it lasts longer. A common pattern that happens in the first several months of a bear is that the prices meet the weekly 200-SMA, they then pullback to the 50-SMA and, after that, we finally have the breakdown of the 200-SMA. This can be noticed in some previous bears, like in 2001, 2008 and in the 1970s. If we take a careful look at the present S&P500 weekly chart, we will see that this pattern has being built in the last months. Prices did approach the 200-SMA, they then did a pullback to the 50-SMA, and now they're facing difficulty to resume the uptrend, the 4200 level is being almost a Great Wall, not to mention that the yield curve has been inverted for 10 months now (this usually predicts a recession within 6 to 18 months). I think that the bear move is the most probable outcome for the next months. So, for that, I consider that we're now at an excellent point to start trading a major bear move. It is important to try to catch the beginning of such a move so we can collect the greatest possible asymmetry. That’s why in the next few days/weeks I will be very attentive to bearish trading signals in the stocks, and, of course, I will post here any trades that I do. PS: An spoiler: I’m feeling the energy sector (XOM, CVX) has the potential to give us bears a lot of joy. But that is yet to be confirmed.
SP:SPXShort
by thessia_
CAMLINFINE breakout with volumeCMP 170.95 | Near 52 Week High | Stock gained more than 20% in one month | Strong Momentum: Price above short, medium and long term moving averages | RSI indicating price strength Camlin Fine Sciences Ltd is the world`s second largest manufacturer and marketer of food grade antioxidants TBHQ and BHA.The company`s product range includes Food Ingredients like Antox TBHQ,Antox BHA ,etc,Sweetener and Active Pharmaceutical Ingredients like Miconazole Nitrate B.P. / USP,Clotrimazole B.P. / USP,Amlodipine Besilate E.P,etc and Super Absorbent Polymer *Not Recommendation. Please do your due diligence
NSE:CAMLINFINELong
by JustIdea
2
META Layoffs: Good or Bad?Most people assume layoffs are going to drive the price of the stock down. NOPE, general consensus on the professional side is the sooner layoffs begin, the faster the company can recover from declining revenues and earnings, and reinvent. META is a stock in a sub-industry that has few members, hence it is used in many ETFs and mutual funds due to that rare sub-industry group. It has some stiff resistance shown best on the weekly chart above current price. But with support from institutional investors, the stronger support level in the bottom formation is likely to hold.
NASDAQ:META
by MarthaStokesCMT-TechniTrader