AwesomeAvani

AwesomeAvani Updated 

This Weekly Chart shows that the value of gold compared with the $USD is now rising since July 18th. If over the short term XAUUSD is dropping on a weekly basis it is rising. This analysis suggests that no matter bearish in the short term, gold is bullish and potentially a long hard bull run is now underway. See also my idea regarding a cup and handle...

AwesomeAvani

AAPL is pulling back today, and so setting up AAPD for a swing long. As can be seen on the 15 minute chart, AAPD had a pullback for consolidation and is now showing some green candles. The Williams alligator is showing divergence on the short time frame moving averages. The RSI indicator topped out pulled back and is now in uptrend showing bullish...

AwesomeAvani Updated 

AMEX:JNUG This chart analysis would serve as a guide to a swing trader or investor seeking or continuing trades in the 3x gold EFTs JNUG and JDST. Bu setting up the ratio between the two over time, pivot points can serve as a reference to buy one and sell the other or initial position. The chart shows the JNUG price for May 2022, April 2021 and August...

AwesomeAvani

This is an update of a previous recent idea. The MJ composite has had a pullback and shows bullish RSI divergence. It is at support and has various resistances dynamic and stationary above. The time is now to analyse the preferred symbols / stocks within the composite. ( Alcohol thrived during the Great Depression, no reason not to assume that cannabis...

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WWE is in a falling wedge ; I had a good pop from earnings a month ago and another earnings report is upcoming. The RSI oscillator shows bullish divergence increasing the probability of a breakout. I see this as a long trade with the RSI confirming and in the context of upcoming earnings, I will agressively enter without waiting for a retest as soon as...

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DKS has had increasing prices since the last earnings when it beat the estimates. However, the price is ascending in a rising wedge which may suggest a breakdown. While a breakout is possible it is less probable than a breakdown. The chart has the rising wedge drawn in. The RSI indicator is suggestive of bearish divergence in the past week. This may forecast...

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NYSE:NIO NIO is thriving despite a faltering Chinese economy. It has good recent earnings and is competing well with TSLA and other Chinese EV's like XPEV In the meanwhile it is making inroads in Europe, especially Scandanavia They say buy low ( weakness) and sell high ( strength(. NIO is weak right now as the chart shows. with price below the cloud now...

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On the 4H Chart USDCAD appears to be in a rising/ ascending wedge pattern which would have a short basis. This would not be a surprise after the big uptrend closing out last week. That said, USDCAD could be watched for a breakdown out of the wedge then after confirmation, a short trade could be taken which may potentially more or less retrace potentially 50%...

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This chart illustrates the GNP of the USA compared with others over a period of several decades. The USA is on a much slower trajectory of growth than all the other countries on the chart except Russia and Ukraine. This includes the Eurozone, China, India, Mexico, and others. This trend has been in place for decades. It makes for a poor prognosis for the...

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AMEX:WEBL The WEBL moves well owing to its leveraging. At present on the chart, WEBL is near support after a downtrend. I have picked a target based on a retracement of that downtrend to the middle Fibonacci level. This target also has confluence with the VWAP band and the upper boundary of the volume profile's high volume area. I have calculated the...

AwesomeAvani Updated 

In this chart, I have plotted the ratio of the price of the USOIL ETF over the DIA, which is the broad ETF for the DJI. The chart shows the USOIL ETF has been stronger than the DIA until the market lows in mid June after which the DIA rebounded while hot oil prices cooled off. The analysis would be is that oil prices may be relatively undervalued at present...

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BMV:GD GD has bounced down from resistance of sell order blocks. Relative Strengh downturn confirms. This is setup as a swing short with a Reward to Risk of 4. GD will recover from this reversal as this defense contractor is in a boom sector, giving the geopolitical /macro overlay. Also check RTX and LMT.

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OANDA:XAGUSD XAG is shown of the daily chart. has long-term resistance at 24.39. At present, it has been trending on an arc with may represent the downward slope of a cup and handle pattern. Moreover, a Hull Moving Average over 90 days shows a good pit to the price action. The RSI candles confirm the price action with low strength at price lows then an...

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NASDAQ:TSLA On the 1H timeframe chart, TSLA is showing an early reversal as follows: (1) It is ascending in a downtrend parallel channel (2) On the MACD, the signal line is below the histogram, and the K & D lines are converging on this lagging indicator. The histogram bars are decreasing in negative height. (3) the color-coded RSI candle indicator shows...

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NASDAQ:TSLA NASDAQ:AAPD AAPD is in a reversal from a swing low corresponding to an AAPL market top AAPL recently completed a 30% since June 17th the YTD high of the SPY. AAPD on the RSI color-coded candles is showing a reversal within the day. I am expecting a 32 and 50 % retracement. By extension on the AAPD which is a bear inverse ETF I ...

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XAUUSD has been in a downtrend on the daily chart however on the chart I see the basis band of the Bollinger Bands ( SMA20?) on a slow uptrend. Impartantly, the when price is in the area of the basis band, volatility is increased. Price could push threw it or bounce. The K line of the RSI indicator is below the histogram and its slope is decreasing,...

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Spot Silver has been in a general downtrend albeit it with a short rally. On the weekly chart the context of the rise in the stochastic RSI to over 60 and the MACD approaching a K and D line touch as well as the print of a weekly candle as a red Doji after the recent federal minutes release and another federal calendar event on 8/22 I will take a short on...

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BTC on the weekly chart is in a persistent downtrend for this year. In recent weeks, a bit of a bear market rally has occurred and stochastic RSI is now at or above 80 while the MACD has K and D lines touching. The weekly candle is a red Doji. I see this as about the same as the pattern of early April. I conclude that BTCUSD's bear market rally is...