We have the stock on levels of 2017, its a long term set up with a juicy R:R of 8.23 and a profit expectancy of 50%.
We need to proced with caution with this trade, the markest have a lot of volatility and risk aversion at the moment. On the technical side we have a nice buying area that we have tested before arround the 195, in case it breaks to the down side we close the trade because we don´t if the stock can return to 140.
We have a nice consolidation zone in the D timeframe, Risk Reward Ratio 1:5. On the fundamental side if Biden Wins the election we will most likely have a nice fall of oil prices and oil companies.
we are in a strong consolidation area in the D time frame, in h1 we have a down trend with a consolidation area. we sell with a 25 pip SL, in case COVID cases rise and if things start to get worse we will probably see the break of the consolidation to the up side due to the risk asociated with the GBP and we will likely return to the .9250
The lack of stimulus created a strong bearish impulse, the impulse break trought the suport area in 1890, now we need a retest of that area to enter a short.
We sell the silver because it pushed trought the support area, right now we are in a correction and we hope it gets to the 61% level of retracement but it can go ever lower, on the fundamental side we have the possibility of more economic shut downs wich will affect the demand of the asset.
Google short term and long term analysis, hope you like it.
The USD is gainig strenght due to the weaknesses of other economies and the increase of covid cases all arround Europe, we expect that this trend will continue until the European economy recovers, on the technical side the silver looks really bullish but the funadamentals demand a short, we short the silver cautionly and knowing that if it breaks the 23.75 level...
We buy now and place our SL anywhere below the blue area.
Amazon is breaking important levels of support, we will see if the stock respect the level of 2900 for a possible long until the level of 3500.
we have a nice trade setup, the stock is almos 20% down from its high and we are reaching an important level at 250, the trade has a really nice risk-reward because we are looking to reach the 300 again.
We have a strong up trend in the company, right now the stock is at a make it or break it situation, we buy at the bottom of a consolidation hoping to exit the trade at a price near the 561 level. If the support doesnt hold, we can sell the stock until the next important level 420-400.
Right now we are in an up trend since the bottom of the COVID 19 pandemic, the USD has lost its strenght due to the FED´s measures, our technical analysis shows a posible long to the next resistance at 1.345. To enter the trade we need to wait for the price to break the 1.30 level
We are right in the 61% level of retracement from the last impulse, we also have a declining volume wich is a sign of the corrective nature of our rally since the lows of March, we are waiting for the market to break the level of 280 to begin with the downtrend.