longsonvn

longsonvn

On April 24, 2024 2:43AM UTC OANDA:EURUSD is moving in a rising channel as shown on the 4h chart A breakdown below this channel would suggest a further decline to 1.0542 (first target) and 1.0402 (second target) If using a sell stop order, one can place the stop loss right above the lower boundary of the rising channel.

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On April 22, 2024, CAPITALCOM:NATURALGAS is trading below the resistance of 2.04 - 2.05 (yellow line) from Feb 6, 2024, with 3 bottoms forming as shown on the chart. A break above this resistance would trigger a buy signal with the target around 2.45 as shown on the chart, the same distance to the resistance as the from first bottom.

longsonvn Updated 

On April 23, 2024, on a daily chart, OANDA:EURUSD is moving inside a small consolidation zone after a big down move from April 10, 2024. A break down below this triangle suggests a further down move to 1.047, which has the same distance to the consolidation zone as from the start of the previous down move.

longsonvn Updated 

On April 21, 2024, 2:32AM UTC, CRYPTO:BTCUSD is trading right below a resistance $65,500 AND Its EMA-34 at $65,800. On the 4h chart we can see a smaller pattern with the same resistance A break above these levels would be a buy signal.

longsonvn

As of April 23, 2024, CAPITALCOM:COPPER is trading right above the multi-week high (from January 2023). CAPITALCOM:COPPER moved above this resistance last week and is currently testing it. With the stop loss below the low of last week, I think it is appropriate to open a long position here with the target price around 5, as shown in the chart.

longsonvn Updated 

As of April 17, 2024, NASDAQ:META is trading right at the yellow trendline as shown on the chart. A breakdown below this trendline would suggest further decline another 8%, to around $450

longsonvn Updated 

As a trend-following trader, I am not a "target price" guy. But let's try this time anyway. OANDA:XAUUSD might reach $2350 this time, based on the pattern shown on the chart.

longsonvn Updated 

As TVC:GOLD reached the first price target that I wrote on March 30, 2024 (see the related ideas section) I closed half of my position. For another half, I still hold a long position while moving up the trailing stop. Now let's find the next target for OANDA:XAUUSD As shown on the chart, I expect the next stop is around $2500.

longsonvn

On April 22, 2024, TVC:GOLD started to move down below the trendline which is shown on the chart. Therefore I have closed the rest of my long position in $OANDA:XAUUSD. See the related ideas section for the description of my previous positions. Overall, it seems TVC:GOLD is still in an uptrend both on daily and weekly chart therefore I am not shorting it.

longsonvn

On April 22, 2024, OANDA:USDCAD is trading near the 6-month high (the white line) and the 52-week high (the yellow line) A break above the yellow resistance would trigger a buy signal with a target price at the red line shown on the chart, which has the same distance to the yellow resistance as from the July bottom of 2023.

longsonvn

Looking at the weekly chart of VANTAGE:BTCETH BTCETH we can see that since the beginning of 2023, CRYPTO:BTCUSD has been steadily advancing relatively with CRYPTO:ETHUSD and has been at the new high for the last 2 weeks. This means that for trend-following traders, BTC is clearly a preference for trading in the long direction.

longsonvn

At the close of April 18, 2024, NASDAQ:MSFT is trading right at the support trendline, the yellow line shown on the chart. If the stock cannot hold this trendline, the pattern suggests the further decline 6-8% to its 200-day moving average. It was a good decision to cut short our loss when buying at the new high (see the related ideas section)

longsonvn Updated 

On April 3, 2024, NYSE:SPOT broke out into new high which provide an entry opportunity.

longsonvn

On April 17, 2024, NASDAQ:AVGO closed down below its MA-50 AND the previous support since March 21. Which is a sell signal. As shown on the chart, the target price for this decline is around $1200.

longsonvn

On April 17, 2024, NYSE:NOW is trading right at its support level since January, 2024. A break down below this support level will suggest a further decline of 10% to its MA-200

longsonvn

On April 17, 2024, NASDAQ:LRCX closed down below its MA-50 on huge volume. Which is a sell signal.

longsonvn

As of April 17, 2024, NASDAQ:AMD has corrected 30% from the peak ($220) in the first week of March 2024. On the weekly chart, the stock is going into the area between the 30-week MA (orange) and the 52-week MA (purple). The last time the stock corrected to this area was during the 3-month period from August 23 to November 2023, which was also a 30% correction...

longsonvn

During the week March 18, 2024, NASDAQ:MU broke out above a huge 3-year base as shown on the chart and from there went up 30% before the ongoing pullback. A pullback to the 10-week moving average (the pink line) which is currently right near the upper resistance of the previous base, would provide a good buying opportunity.