BYND Strong IPOBYND is in a strong and tight bull channel since the IPO. This bull trend from the open is what a trader wants to see when buying for long term investments. Last week formed a reversal attempt. When the market is strong, first reversal attempts fail 80% of the time and instead create the start of a second leg up. The bears will likely need some form of second reversal attempt like a large low 2 or failed bull breakout (they act the same), in order to increase the likelihood of reversing the bull spike. Even if there is a good bear reversal, the bulls will likely look to buy again around the 50 open. If the bear pressure is not strong, the bulls will look to form a spike and bull channel which usually forms after two legs sideways to down, and generally stem from a high 2 or wedge bull flag.
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WMT
Daily WMT forecast timing analysis by Supply-Demand strength21-Jun
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.3% (HIGH) ~ -0.2% (LOW), 0.1% (CLOSE)
%AVG in case of rising: 1.2% (HIGH) ~ -0.2% (LOW), 0.8% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -1.0% (LOW), -0.4% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Always Be Against Your IdeasThere is no doubt you should belive in your analysis but it doesn't mean to have no Plan B
in Ew method u can count waves in different views depends to big market indices,volumes,market sentiments,multiple timeframes and ...
in this chart i show you two models of counting
1.I counted 4th wave as a contracting triangle and its telling us to go short
2.the 4th wave ends at A in this chart and if it breaks the top of triangle it can continue as an ending Diagonal
Probilities can be even more like counting 4th wave as a WYX Combo or ...
Thank u for reading , Be Profitable
Walmart Stock Analysis: Longer time frame is KeyCoin Analyst Investments is kicking of the new year by looking at a long term chart of Walmart (WMT). Over a decade of price action is presented in today’s Walmart Stock analysis with emphasis placed on the bullish price swing from November 16, 2015 starting from a price low of ~$56.36.
The current move upwards from November 16, 2015 is highlighted with the use of a bullish trendline (in green) which is expected to keep offering support for any bullish position(s). However, a break below the trendline could see the price of Walmart retrace back to between 81.78 and 78.48 where another support is anticipated.
Also shown on the Weekly timeframe chart is a bearish channel (tentative) that should also be considered as part of monitoring the progression of Walmart for weeks or months to follow. A break below the lower level of support (i.e. $71.48) could see prices reach the bottom of the bearish channel. Momentum is highly important in confirming which directions warrant any trade(s).
AMZN: News from India Could Help Complete the Top After a BounceAmazon was in the pre-market news today. India has put heavy restrictions on the e-commerce retailers, AMZN and WMT and others. The ruling affects many products that Amazon sells. India’s rules will bar retail e-commerce companies from engaging in an exclusive partnership with a seller. This could hurt Amazon’s expected revenues from India. This dominant e-commerce company hit Market Saturation in many of its primary global markets and was relying upon massive growth from Indian customers as a new revenue source. This new ruling from the Indian government changes Amazon’s plans abruptly.
The stock is in a topping formation that has still not completed yet. The stock dropped through support levels and then rebounded in a bounce up along with most big-name companies yesterday. HFTs are likely to react to this news soon. Support levels are shown as black lines in the attached weekly chart.
WMT Approaching Support, Potential Bounce!WMT is approaching our first support at 87.23 (horizontal swing low support, 61.8%, 100% fibonacci extension, 78.6% fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 93.14 (horizontal overlap resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement).
Stochastic (34,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
WMT Testing Support, Potential Bounce!WMT is testing its support at 90.79 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 98.04 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is testing its support at 3.5% where a corresponding bounce is expected.
WMT Approaching Support, Potential Bounce!WMT is approaching its support at 90.54 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 98.04 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching support at 3.5% where a corresponding rise could occur.
WMT: Retraced into an optimal buy zone$WMT has retraced back down into support here, and it is an attractive buy for anyone using @timwest's methodology and indicators.
I'm looking to average into a long position here next week, buying into support, adding into strength, or even averaging down if we test lower support levels...as long as holding above this zone we're in good shape.
There's a 9 week uptrend active, as per Time@Mode, so, until this signal expires, or if we fail to hold support at the mode where most of the accumulation happened, prices are likely to trend up from here.
Best of luck,
Ivan Labrie.