* I last spoke about PAYX around mid October as it was breaking out of the $117.70 area. * Since then it has moved higher and began to consolidate forming a base on base pattern. * It recently had a pullback to the previous base resistance and used it as support to bounce back. * And it also held up very well during the general market correction. * Great...
Not something I usually cover but would like to share my opinion on XRP. Based off technical analysis and human psychology I'm looking at a very nice buy area.. I Believe in the growth of the crypto space and the technology behind it, I don't believe in huge predictions with the crypto in particular this one of $50 + but do expect to see price pump again breaking...
* Excellent earnings and accelerating * Very strong up trend since inception * High 3-month relative strength in the Tech sector * Breaking out of a ~5 month base creating a cup and handle pattern * Depth of the cup is ~15.5% * Breaking out with higher than 15 day average volume Trade Idea: * Given the current market conditions you can open a small position...
If AXS could maintain its trend line and support during the bitcoin fall, it will be Bullish and the first target is $118 (then $140) Due to the last few candles in 2D timeframe and The RSI positive divergence, That bullish scenario has a good chance Anyway, so far AXS has climbed a lot and Bitcoin isn't stable and may drop to 42K. It's better to consider...
* Great earnings * Very strong up trend * High 3-month relative strength of 2.55 in the Industrial sector * Pays out dividends * Has been in a tight range of ~3.94% for the past 5 to 6 weeks * Held up incredibly well during this time of market uncertainty Trade Idea: * There are a few plays you can do here since the 4% stop is quite a distance away: 1) Enter...
* Amazing earnings year-over-year * Very strong up trend * High 3-month relative strength of 4.05 in the Industrial sector * Pays out dividends * Breaking out of a ~9 month base with slightly higher than average volume * I mentioned it was breaking out mid November but due to the market conditions it had a slight pull back to the $232.47 area * It has since...
* Good earnings * Very Strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a flat base of roughly 6 weeks with higher than average volume * Pays out dividends quite generously since it's a REIT Trade Idea: * Now's a great time to enter as the price is just breaking out and is very close to the broken resistance. * The...
* Great earnings * Very strong up trend * High 3-month relative strength in the Consumer Cyclical sector * Breaking out of a ~9 month base with higher than average volume * Showed incredible strength over the past couple of months while the market was facing uncertain times. * Max probable ROI is 28.57% Trade Idea: * If you can tolerate some volatility, now's...
* Great earnings * Very strong up trend * High 3-month relative strength in the Financial sector of 6.25 * Breaking out of a 2 month base with higher than average volume * Held up very nicely during the recent market conditions Trade Idea: * Now's a great time to enter as the markets are showing signs of recovery * Still close to the broken level and adding to...
Nice setup for BAC as it is reaching its previous support, Great consolidation in RSI
* Good earnings * Very strong uptrend since the 2020 crash * High 3-month relative strength in the Basic Materials sector * Breaking out of a ~9 month base with higher than average volume * Created a double bottom during the ~9 month consolidation * Second half of the double bottom can be considered a cup and handle pattern as well * Currently consolidating right...
risk to reward favours long from here on view invalid if 15 mins candle close below 17350 target will be 17600,17750,17850 and 17950
LUNA is currently at the bottom of its uptrend channel There is a high risk of entering buy/long trades at the moment, but given SL's close proximity to the price, good Risk/Reward and positive divergence this is a good buy opportunity. The rest are specified in the chart Dear Friends, It would be nice to show your support by liking and posting your comment Good time
FIL is in an important area and the interesting thing is that the RSI indicator shows over sold. This reduces the chance of it falling out of this range (however beware of BTC) Even given the volatile conditions of Bitcoin, I think now is a good time to get in (at least in small amounts). In case of bitcoin crash after buying here, I personally will not panic...
The areas marked are the zones whales hunt within ... they seek liquidity in these zones and don't like remaining within them for very long ! While they appear in likeness to FVG , they are fairly different . These zones act like walls , on either side lay lots of buy and sell orders which remain in place. These zones are where whales buy/sell and if you...
* Great earnings * Strong up trend * High 3-month relative strength in the Financial sector * Breaking out of a ~11 month base with higher than average volume * Originally broke out last month but due to the market conditions it had a very slight pull back * During the pull back it held up very well relative to the general market conditions. * Maximum probable ROI...
* Great earnings * Strong up trend * Very high 3-month relative strength in the Healthcare sector of 10.44 * Trading at higher than average volume creating a pocket pivot * Trading in a tight range of ~5% range * Little to no overhead resistance * Has held up incredibly well during this correction with little to no downside at all. Trade Idea: * You can enter...
price is lying on strong support zone + bullish RSI divergence in 4H TF + bounce in daily candle targets are mentioned in chart ( yellow lines ) SL bellow the demand zone