cup and handle pattern, go longisn't this a very clear cup and handle pattern?
go long to 500,
stop loss at 290.
Taking a bite of this company, 2454Please refer to the weekly chart. Latest article here
We can see that it sits nicely on the support level at 548 and I think it should have a nice rally from here.
WiwynnWiwynn Corporation researches, designs, develops, tests, and sells computing and storage products, and rack solutions for cloud infrastructures and data
ASUS: Dark Cloud Cover at 0.886 Retrace with Bearish DivergenceASUS has confirmed a Dark Cloud Cover with some added Bearish Divergence at the 88.6% Retrace of what could be considered a Bearish Deep Gartley. This implies that we could be in for a very big bearish reversal very soon.
2303: Buy ideaOn 2303 as you see on the chart we have a buy idea because we have the breakout of vwap and also we have two springs effects on vwap so it's mean that we will have a big probability to have an uptrend.Thanks!
The Reason I don't recommend day trading stocks in Taiwan.Why I don't recommend day trading stocks in Taiwan?
"Using TSMC as an example for trading explanation"
Using a "valid", "stop-loss", "almost daily trading" short-term stock trading strategy for day trading or swing trading, the results are as follows:
1. Use a positive expected value trading strategy and follow discipline to take profit and stop loss.
2. Backtesting shows a substantial performance chart, 46 months, 527 trades, over five years +72%.
3. However, when you factor in the "0.4%" transaction tax + commission fee, you will find that you will lose badly. Why?
The reason is simple. 0.4% is very scary. If you trade 100 times, you will lose 40%. Will a person who trades every day trade 200 or even 300 times a year?
With 527 trades, your trading cost is 527*0.004 = -210.8%. Adding the +72% performance and subtracting the -210.8% trading cost, you will end up with a result of -100%, losing everything after working hard for four years without making any mistakes.
"If you are day trading stocks, I want to tell you to be clear-headed. The trading cost of day trading stocks is so cruel."
Choosing the right market, commodity, and understanding the rules of the game are essential!
For example:
Taiwan's stock trading tax is 0.1~0.3%, and commission fee is 0.1~0.3%
The US stock trading tax is 0.00207%, and commission fee is 0.1%~0.5%
Unless you are really skilled enough to overcome the trading cost. I do'nt recommend any traders to day trade stocks in Taiwan.
Feel free to share with those who need it to know.
2317 BREAKDOWN DEMAND AREA we see that 2317 has breakdown demand area, making downside movement to the next support 96.4 and harmonic support 91.4
2313 bullish flag2313
Support 47.25
Resistance 51.10
Rejection dynamic support
Bullish Flag pattern
Momentum indicator is pointing up near the oversold area
2313 will meet its classic resistance area at around 51.10
targer pattern 56.75
Silergy Corp - LongLong off the magical March 2021 Equity support.
Keeping the lights on.
Best, Hard Forky
2317 short2317 - D1 at this moment, 2317 on the daily chart is forming sideways trend.
the momentum indicator is pointing down near the oversold area, indicating 2317 will move downwards in several times ahead.
short sell breaking down from the support base area.
Inverted Head & Shoulders2331-D1 by the price movement is potential forming inv Head & Shoulders pattern. We foresee that 2331 has the potential to breakout neckline and has a chance to move upwards support becomes resistance 30,1
the momentum indicator is pointing down in the neutral area, entry breakout classic resistance.
Apex Meet Vegas condition!/Trading PlanTWSE:4927
4H trend chart
Long:
1)Vegas tunnel_144/169 had a support
2)Price rally Fib(0.382) support level
3) Breaks out downtrend line
4) Breaks out 12ema
Profit Targets:
a) 74.2-----Fib(1)
b) 79.8~82.1-----Fib(1.272~1.382)
Stop losses:
a) 64.9-----previous lows
Via Labs-Cup and Handle!/Trading PlanTWSE:6756
4H trend chart
There is an obvious Cup and Handle
9/17 Handle Downtrend breakout
Next challenge: 530~540_above downtrend and Fib(1)
Hold firm above 540 is better.
So if breaks above resistance and hold steady, trading plan as below:
Profit Targets:
a) 587~606-----Fib(1.272~1.382)
b) 712-----Fib(2)
Stop losses:
a) 454-----Fib(0.5)
Four major shipping stocks hit new all-time highs in 2021- These four charts show how four major shipping stocks made parabolic advances off the February 2020, post-COVID-crash lows.
- The four charts are in log scale and each depicts five years of price action.
- Was the pandemic and QE infinity a boon for shipping? You bet it was.
Four major shipping stocks hit new all-time highs in 2021- These four charts show how four major shipping stocks made parabolic advances off the February 2020, post-COVID-crash lows.
- The four charts are in log scale and each depicts five years of price action.
- Was the pandemic and QE infinity a boon for shipping? You bet it was.
Shipping stocks YTD - From the Ever Given crisis and beyondThis chart shows how major shipping stocks - including Ever Given operator, Evergreen Marine Corp. - reacted to the Suez Canal blockage of March 2021.
Shipping stocks YTD - From the Ever Given crisis and beyondThis chart shows how major shipping stocks - including Ever Given operator, Evergreen Marine Corp. - reacted to the Suez Canal blockage of March 2021.
Shipping stocks YTD - From the Ever Given crisis and beyondThis chart shows how major shipping stocks - including Ever Given operator, Evergreen Marine Corp. - reacted to the Suez Canal blockage of March 2021.
