This is an update for an ongoing $PFE position announced in an earlier post on October 2nd titled "$PFE Expect A Move Towards $41.94". Technical Analysis Currently, $PFE is still respecting the Ascending Triangle chart pattern, where after touching the slope of higher lows at around $35.50 to $36.00, it has flown past our optimal entry level of $36.36 to $36.46...
This is a follow-up post from my previous $SPCE analysis on October 4th titled "$SPCE Love Space Travel, But You May Want To Wait Before Buying". Technical Analysis In my previous post, when $SPCE was priced at $20.77 before the moon towards the October 20th's Highs of $24.36, I talked about how at that point in time, $SPCE had 2 unfilled gaps at $24.02 and...
Technical Analysis Currently, $PFE is respecting an Ascending Triangle chart pattern, where buyers are unable to break the resistance level of $39.00, but has been making a slope of higher lows. As of 1/10/2020 close, the price is resting at $36.37, near the slope of higher lows. Coincidentally, we are also near the end of Wave 4, as the price is currently around...
Technical Analysis Currently, $C6L is trading within a Descending Channel chart pattern, where it has been making a series of Lower Highs and Lower Lows since 23/3/2020. As of 6/10/2020, the price closed at $3.500, at an area within the Descending Channel. We notice that recently, on 23/9/2020, $C6L has made a Higher Low, with reference from the Low preceding it...
Technical Analysis Currently, $SPCE is respecting a Symmetrical Triangle chart pattern, where neither the buyers nor the sellers are pushing the price far enough to form a clear trend. As of 4/10/2020, the price closed at $20.77, at the slope of lower highs. Even though I believe that $SPCE has explosive long-term growth potential, assuming that the company is...
In this post, I will be going in detail with regards to my view of $AAPL from a technical perspective As of the time that I am writing this post, $AAPL closed at $106.84 with a pre-market trading price of around $103.72. In terms of directional bias, I have a bearish short-term bias on $AAPL while a bullish long-term bias on $AAPL. Let me explain. Technical...
In this post, I will be going in detail with regards to my view of $AAPL from a technical perspective. As of the time that I am writing this post, $AAPL is trading at a price of $110.20. Currently, I don't have a particular directional bias with regards to $AAPL, but what I am confident about is that, at least for the next 1-3 days, $AAPL will not be able to...
In this post, I will be going in detail with regards to my view of $CCL from a technical perspective. As of the time that I am writing this post, $CCL closed at $17.69 with a pre-market trading value of $17.75. Currently, I am bullish long-term on $CCL unless there are new developments that impact the fundamentals of the cruise industry negatively. I also have...
In this post, I will be going in detail with regards to my view of $C6L from a technical perspective. As of the time that I am writing this post, $C6L is trading at $3.560. I am fully aware that, right now, it may not be the best time to invest in the airline industry due to the uncertainties that surround it. We do not know when a vaccine will be developed, we...
GBPJPY has just confirmed a bullish flag pattern. DO NOT enter a short position for this pair. Wait for price to retrace back and enter a long position. Currently, I am expecting the price to possibly retrace back to a level of 134.793. From there, we can long GPYJPY. As such, our entry price will be at 134.793. Of course, if you are more risk-averse and would...
XAUUSD is approaching a good level to sell. After breaking through the H1 lower channel, the price is retracing back to where the lower channel was at. It is likely that once the price touches the lower channel, it will be rejected and a bearish movement will form towards 1790. As such, the entry level will be where the rejection will occur at the lower channel,...
AUDUSD update based on the H4 AUDUSD analysis I made in my previous post. Price is currently still respecting the H4 channel. However, I have noticed that a smaller bearish channel has formed in the M15 timeframe where lower highs and lower lows and continuously being formed. As such, I believe that once prices finish this wave of movement in M15 and touch the...
AUDUSD is approaching a good level to sell. Currently, a classic bearish reversal pattern is in the midst of its formation. Once price breaks this lower channel of the pattern, a bearish bias is confirmed. Furthermore, if price were to move towards the upside, a bearish divergence would form. This further substantiates the bearish bias that we have for AUDUSD...
US30 is currently at a trading area where I believe could potentially move in any direction. As such, it is better to sit on your hands for this pair and do nothing for now. However, here are 5 things that you can look out for to determine a directional bias that could potentially help you enter into a trade that could lead to a sizeable profit. Scenario 1) Price...
EURAUD is currently approaching an optimal level to buy. After the recent breakout from the upper channel as seen from the trendlines I have drawn, the price is now retracing back to it. I believe that once prices return to the upper channel resistance level , there will be a second wave of bullish movement towards the upside. Furthermore, this is supported by a...
EURUSD is currently at a good level to sell once again. It is currently hovering at a price of 1.139, which is a strong level of resistance. Back in June, this area was rejected multiple times and this is likely to repeat again. Furthermore, MACD Crossover is showing a signal of Bearish Divergence. This is good for us. Hence, it is currently at an extremely good...
EURJPY is currently at a strong resistance level of 121.972. It is currently a good opportunity to sell here. Price has rejected from this level for at least 3 other times on the H1 timeframe. Because we are selling right at the resistance level, the stop loss will be rather near just above the resistance level at 122.2 to give the trade some room to run. On the...
EURUSD is approaching a very strong resistance level at 1.14071. I expect that once prices arrive at this resistance level, a downward movement towards 1.11777 will be observed. I suspect that there would be some bearish divergences on the MACD Crossover that you will be able to see during this period as well. This will further strengthen the reason for entering...