GreenfieldAnalysis
Maybe a temporary pause and possible continuation higher! However, a 15.94% gain in one day is not bad and is enough for some traders. Between January 6 & 7, 2021, the pullback happened very quickly followed by a bull gap, and the stock rushed above the target price of $26 from my previous article on January 6, 2021. This is a follow up writing for my...
A 10.48% gain in one day is not bad! This is a follow up writing for my article published yesterday January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: Still Bearish, Price Target around $36. Maybe this stock may trade between the range of $33 and $36." Here is the link to the...
Target price hit at around $58 With Double Top Pattern This is a follow up writing for my article published on January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: Pullback retest low of around $51.17, and then breakout above $53.20, still too early to determine. It may become a double...
Why one cannot be completely bullish or completely bearish? The stock market consists of two major players. Some people are long traders they bet the stock price will go higher. They buy low and sell at a high price to make a profit. Some long traders buy the stock at a high price and sell at an even higher price. Some long traders look for bargain...
A New Year Trade For USDJPY! Thank you for reading! Happy New Year! Greenfield Remember to click "Like" and "Follow!" Disclosure: Chart interpreted by Greenfield. Just a market opinion by Greenfield Analysis LLC for educational purposes only. This is not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in...
LET GO INTO THE MIND OF SHORT SELLERS! Short-sellers borrow a security and sell the security into the open market at a high price and expect to buy it back eventually at a lower price and will profit the difference as a capital gain. Short-sellers watch the security and wait for an opportunity to initiate their trade. Short sellers place their bets when the...
IMPORTANT CHART PATTERNS TO KNOW! The following chart patterns give both bullish and bearish signals: Head & Shoulder Inverted Head & Shoulder Cup & Handle Triple Top Double Top Ascending Triangle Descending Triangle Double Bottom Class I Double Bottom Class II Double Bottom Class III Horizontal Pattern Why are the patterns above both bullish and bearish? ...
Stay out when Line L is broken to protect your portfolio! What is Line L? Line L is a horizontal line that connects the security lowest price reached previously and later retested and penetrated. Never average into a stock when you see Line L is broken. If you average into a stock when the price plunge after Line L is broken you will amplify your losses...
GLD is clearly in a correction! Please allow me to elaborate more on an earlier article on "GLD Current Correction" on December 8, 2020. Just some thoughts on GLD SPDR Gold Trust Gold Shares NPV current correction, GLD probed the new high price of $194.20 (as of market close on Aug 3, 2020, per the weekly chart). The weekly chart of GLD SPDR Gold Trust Gold...
A Market Probe Versus A Shadow A market probe is a way for the bulls and bears to measure the market desire to advance further in the current trend direction or not. A shadow is a rejection of the price reached; therefore, a reversal is more likely to follow with a shadow. The question that I ask myself when I see a candlestick shadow is, "Is that a shadow or...
A Probe Versus A Shadow The candlestick shadow refers to the upper and lower thin lines of the candlestick body. A lot of that has been written already by others, so in this article, I like to mention just a few differences between a probe versus a shadow. A market probe is a measurement tool. A market probe checks the sentiment of the bulls compared to...
Sometimes the best investment is to wait? The 5 Wait! Wait for a correction! When I buy a sweater, I like to get a discount. When I buy a stock, I like a discount too. Wait for a bottom! I am going to be left out when the stock hits a bottom, but I have no cash to buy. Wait to let the story unfold! Sometimes I cannot make a decision, I will just let...
Stock update for ADMA! +6.63% Today The stock symbol ADMA had a large market move today +6.63% that is close enough to my price target call of $2.12 on Dec 7, 2020 (please check my previous article on Dec 7, 2020). Remember what I said earlier, the stock must prove itself a winner by staying above $2.12. Currently, I have a short-term price target of...
Is TSLA Telsa, Inc too high? Maybe a short-term correction is coming? A summary of The Elliott Wave Principle, the principle tells us that there are five waves that move in the direction of the main trend, and three waves that will follow that is a correction. Applying the Elliott Wave Principle to the chart of TSLA Telsa Inc, we can see three big waves...
GLD Current Correction! GLD is an investment fund that tries to achieve the performance of gold bullion less the expenses of the fund. This fund is currently testing the previous high on September 6, 2011. The fund had a strong bull run since May 28, 2019, and is currently having a correction. I have indicated the major bullish trendline on the chart...
BTCUSD @ A Major Price Level = A Tight Stop! BTCUSD is at a major price level right now that is 190000.00. This level was previously tested on Dec 11, 2017. Volume is drying up. Possibly a dark cloud candlestick pattern to follow. If BTCUSD breaks the 190000.00 level, then it may possibly reach a new high. Just a humble market opinion by...
A major test to watch!!! ADMA just formed an island. Can AMDA move above $2.12 and hold the price above $2.12? ADMA just formed an island pattern. On Nov 5, 2020, ADMA had a bear gap, and on Dec 1, 2020, ADMA retested the previous price level of $2.12. Can the bulls move the price above $2.12 and hold the price above $2.12? A short-term price...
Summary * A big price move is expected to come soon for ADMA! * ADMA is testing a major price level at $1.83! * A bottom is not clear yet. The stock is still in a downtrend, but a short term upside move is likely if the bulls can hold the price level from $1.52 to $1.83. ADMA Biologics, Inc with the stock symbol ADMA is a biotech company focused on...