Directional Bias: Long
Price Target: 175
Good Entry: 138-144
Risk/Reward: $5 max risk - $20 reward
If we see an opportunity at 138-144 area,we should take it with a risk of $5 a share. A nice short squeeze can get price back to 175 in quick order.
I posted my first trade on TradeView a couple of weeks ago. I wrote a short article somewhat explaining the fundamentals and technical analysis for owning the stock. The stock is up about 30% since the recommendation. Now that we are up 30% where do we go from here? The stock price has clearly hit a weekly 50 day moving average. This is usually a price target...
Quark Chain is a token of ERC-20, a successful ICO that was raise $20 mil and still giving almost 2.5x BTC return at the current price. No doubt that their marketing play a part on this process. Basically that makes their stuff interesting, even releasing on bear market, first they're achieving their ICO target at 100% and then got listed on big exchanges like...
There is mounting skepticism on the continuation of the dollar rally, albeit from analysts who didn't see the rally coming in the first place.
The inflection to start the current euro rally (and near-term top in the DXY) began on August 15 as the PBoC paused in the dramatic stealth devaluation via fixing. Risk assets, broadly, rallied. That rally continues...
NIO's IPO was welcomed with much fan fare but has weak since close of its second day trading. I'm watching a tight 4hr pattern here, but coming across some fundamental information has me leaning bearish on this stock.
As for the fundamental news, the author of the article linked below poses the $12 billion question:
"A question. Is the untested EV startup NIO...
HENGSENG was a screaming buy after it collapsed towards 26000. I was strong bull after those levels and went long till 28000. I do see slight pop up towards 28150/200 and close the gap before we start to see some more downward correction.
Trade wars potentially escalating and this chart shows major buy signals on the Yuan as it is near historical support/resistance levels. Will the Yuan break down or will it reverse and appreciate in value relative to the USD in a stroong way. Only time will tell, but this chart is interesting.
ENIA is a company that has gotten smashed with most EM's over the past few months, but has had no fundamental changes. Price recently bounced off support at $7.00, and is up over 10% since then on big green volume. This is an easy long to hold over the next few months. My price target is $11.
Trade War tension is heating up again which prompted me to look at USDCHF.
The 1 hour chart showed a clear structure, which has now broken and re-tested.
The next technical zone which we can use as support is the supply and demand zone at 0.9442
Momentum is on our side.
Company Summary
It has been stated that NIO's mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise.
NIO, which translates to “Blue Sky Coming” in its Chinese name, originated from NIO's vision of a future filled with blue skies. NIO believes that improved smart electric car technologies, coupled...
Look like Chinese names are improving since the news that talks will continue between US and China. I'd be looking for the test of the 38.2% resistance on the fib retracement before it pulls back again, longer term the chart is looking dangerous. It seems to have broke its uptrend from last earnings with a gap down back at the beginning of August. will be...
It’s been noted by many market participants over the past few months that the gold-Chinese renminbi – aka the yuan, CNY (onshore yuan), and CNH (offshore yuan) – has tightened into virtual lockstep. This post explains this relationship and why it’s happening.
Full story: aff.whotrades.com
The last sideways consolidation shaped the notorious Triangle pattern in wave B as a junction of waves A and C of this big correction.
The drop could hit the area of 6.73 as market thinks about the deeper retracement lately.
Its all about the uncertainty of US-China relations and players tread the water to take their time.
Will the Tech sector be able to bounce off its uptrend line or will it break down?
In relative terms, it broke down vs. the HSCI about a month ago... or just a false break a la 2013?
This pair was in the pullback after a breakout of the corrective structure.
Now it is breaking it up and then should retest the former top at the 6.9590
