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Sexy Price Action My elected setup showed up again and here I am to follow my rules and trust my edge. In this chart, I like particularlly the sexy price action change footprint. These two last bullish candles, lastest of which making a 31 bar high (wait for closure - I'm in a rush for Friday night beers, only entering next candly if things remain as is), have a profile drastically different form the past 30 candles. The bears had few or none interest in selling during the 58 day consolidation preceding this breakout. Plus, the bulls, in command, are awaken again. Analysis: 1. Stock in a uptrend - trading above 50 & just brokern out 200MA.We are hence looking for long opportunities; 2. Price close to a value zone - 50 MA. Now we have a reference to set our stoploss. 3. Trigger is this last big bullish candle breaking out a wedge pattern formed by the last 48 candles. Note: I would prefer of course a 50 MA slopping upwards more proeminently, but price action is is promising. Usual trade management + risk management rules. SYSTEM AVAILABLE @ easy-trades.blogspot.com Cheers, RR
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by ruben_rodrigues
AB INBEV - Make it or break itAB INBEV is at a major resistance level. Following on a strike of major daily returns, technicals indicate a potential break of the resistance level. RSI index however, seems to indicate that the stock is about to break down. Additionally, fundamentals are still not strong enough to sustain a break. This is a stock with long-term potential, however, i guess a decrease to the price level of 46 is the most likely short-term scenario. However, keep an eye on the upside!
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by HR_D
VGP euronext short ideaShort idea based on: 1. Peak of rising wedge. 2. High volume rejection candles. 3. Gaps identified. Stoploss: Above ATH. FYI: High time frame support levels are highlighted on the chart. Disclaimer The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only. It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances, it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
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by Zuccichin
1
Don't let the bad results scare you.Reasons to buy: +Oil price going up +Vaccinations going up +Bull flag (green) +Good support line (orange) +Best dividend payer in France +Price has not fully recovered since march (yes i see this as a plus) Reasons not to buy: -MACD hasn't crossed yet -Not yet oversold on daily -OIL isn't that popular these days I see 2 situations happening: green: slowly rising till we break out from the flag. red: Fakeout (Orange support didn't hold) and later we also break out from te flag When should you be worried: If the bullflag support line doesn't hold (bottom green line) and if the 100 and 200 MA lines don't hold (green and purple line righ under the bullflag). TBH i don't see this happening, but that should not mean that we aren't prepared for that. Good luck & Have fun! Don't let the other red and blue lines distract you.
EURONEXT:TTELong
by pol13337
2