1620 has been a strong resistance point for KLCI for a long time. It has just broken it this week and it's good time to LONG all fundamentally sound companies especially those that has profitable income and net cash
If you're worried that growth stocks (the tech and now healthcare stocks) are just ridiculously valued, then perhaps you should think about Canadian bank stocks as a potential cushion against a potential market correction. Earnings beat analyst expectations. Yields are in excess of 4%. Loan loss provisions will gradually find their way back into bank earnings...
Banks continue to surge pricing in a recovery. The Model gave us great trade location so now we are just playing with house money. We think 62 is in the cards which would be a completion of the wave formation. Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : In probability theory,...
Confrimations - Structure - Time - Imbalance - Instituonal Area
Nears to a sub triangle breakout inside the main channel, Looks like reaching an end of a trend If the market opens With A gap up there can be a small move uptrend followed by a heavy downtrend A gap down a retest to the same level is possible followed by a downtrend Close to prev close, We might see a range market or minor up trend
Confirmations -Institutional Area -TIme -Price -Imbalance -Liquidity -Currently Waiting for Break Of Structure On Smaller Time Frame
The banks have been smashed since the pandemic started but apparently one of them is preparing to fly higher. That is ASX:NAB bank, from the technical analysis it is showing a promising chart pattern. From the chart, we can draw a cup and handle formation that has been forming for weeks. Besides the stock has crossed its 200MA after being glued to it for almost 2...
Banks and oil companies up Tech (social media, e-commerce) down Sell the news? is more stimulus coming now after we have vaccine? what will Fed do?
HI EVERYONE! MY VIEW ON BANKNIFTY ONAHEAD OF US ELECTION BANKNIFTY 4HR SWINGS MADE CLEAN LL"S IF YOU DONT TAKE POSITIONS BEFORE MEANS, WAIT FOR LH ON MONDAY ORELSE 23600 BELOW CLEAN SELLOFF WILL BE THERE PLAN ACCORDINGLY TARGET1-22570 TARGET2-22030 THANK YOU!
HELLO EVERYONE! MY VIEW ON HDFCBANK ONAHEAD OF US ELECTION BELOW 1160 CLEAN TREND REVERSAL TARGET WILL BE 1110 IF THAT ASCENDING TRENDLINE BREAKS ON 4TH TOUCH MEANS,THERE WILL BE MORE POSSIBLE TO REACH 1020 ALSO PLAN YOUR TRADES ACCORDINGLY THANK YOU!
Long at the 786 PCZ of the bullish gartley. Freat spot for longterm shares. Fantastic for a swing trade. Lets do it boys!
Despite recent fines and underperformance Citi maybe be forming a potential bottom. Bank shares seem to be on the rise so there can be sector tailwinds for the name. Director Jay Jacobs has made the largest public stock purchase in over 5 years. Although the narrative on financials seems to be more positive we will let the model signal when to buy.
#jpm Real-Time Algorithmic Trading Signals. Stay curious
So now we can see what has happened and what went wrong on our trade yesterday. We can see how price pushed up through the zone to gather more liquidity. The price faked out through our zone, trapped the buyers and reversed. Nothing to worry about - only a 1% loss. IF he had a higher stop loss we could have managed to stay in it. 1925.00 was a key level for gold.
As we can see price has now confirmed this lower low, but is it just the markets trying to manipulate us retail traders to fulfil our stops? We need to wait to see how price develops on the 4Hour chart, any wick closes will signal the orders have been met and it is valid to enter a short.
Not legal and financial advice; any information provided here is only the personal opinion of the author.
200sma has been a strong resistance since the March drop. The red circles show 4 times trying to get to it. Placing fibonacci retracement lines shows confluence with a support level (green rectangle from late June --> early July) The 20sma crossed below the 50sma on September 27th. (Bearish signal trend model) Also, if we close at the current price, we are...