Hey there! Very simple setup explained in the chart, just keep shorting until the pair says otherwise. Simple. If the pair closes above resistance look for better opportunities. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to...
Potential cup and handle pattern on the 1-hour chart (For GBP/USD). Also a likely breakthrough on the 1.250-1.252 resistance level of risk-on optimism continues globally and USD weakness continues. Note: My analysis is NOT professional investment advice, so please take responsibility for your own actions.
$CODX is a company focused on commercializing molecular diagnostics for infectious diseases, including COVOID-19 with their testing kit. With COVOID-19 infections slowly ticking up in the US and more cities are are temporarily shutting down, we might see more demand in these testing kits. $CODX has been flagging in its channel since June 12th and a breakout can...
AUDUSD has is reaching 0.7000 resistance again, it has every possibility to break above but it has potential short trade opportunity with a 600% risk to reward ratio at this point. With a safe exit at 0.7095, we can target the 0.6600 target with confidence. Use the proper lot size for a longterm trade.
Hello traders. I know I have been calling the top/shorts for the spy/spx for a while now, but this analysis should help understand that we are LIKELY not within a V shaped recovery, likely, a stairstep. A look at the vix indicates extreme lack of fear in this market, as such, wait for a quiet entry and for the love of god, wait for the newest covid stats. -Live...
Hello analysts and traders - We have our chart here to show our thoughts behind the Dow Jones Industrial Average . Technicals All time high peaked before the impulsive move to the downside - as the all time acts as a supply zone providing key wicks which show and imbalance between buyers and sellers. After the impulse - the price showed a hammer - indicating...
+ Daily MACD cross + Falling wedge + 0.618 Bounce + Coronavirus infections still going up (they make test kits) + 100 MA Support + RSI low
USD/CHF market has been moving in bear territory for a while, with a short recovery that seems to be failing now considering how the price is breaking out of the short term corrective structure to the downside. With the Swiss Franc topping the currency strength meter charts, it looks like the dollar is gonna have to take the sucker punch. Daily Target 01: ...
This could provide a turn in the market to the bearish side. I created 2 quick scripts that compare the change in daily deaths to change in daily cases. On average there seems to be about a 10 day delay between a new uptick in cases followed by a new uptick in daily deaths. Why did new cases stay the same and deaths went down? The only reason I can possibly...
📍 The effect of Remdesivir... The power to unlock the all time highs via Covid is systematically, within reach rather fast, due to the nature of drug prices which are inelastic. The effect of Gilead being treated as utility is heightened by DT putting the big orders in. Compare the following two diagrams: Phase III trials & Chinese red carpet ...
Here is the modern 100 years history of Human Being. Starting from WW1-Depression-WW2-ColdWar-DotComBubble-FinancialCrisis-COVID Will the history repeats again with Crash and Recovery? On chart I pointed with 1&2 phases of history is from 1915 to 2001 and from 2001 to current. Chart as image: 1. The Great Depression, World War II, Cold War, Dot Com Bubble ...
Finally, coronavirus vaccines and treatments should serve as a tailwind for the health care industry as a whole. Hardy is projecting mid-single-digit earnings growth over the long term, including 9% earnings per share growth in fiscal 2020. CFRA has a "strong-buy" rating and a $109 price target for ABC stock.
Idea: Ever since pair hit a key 161.8% fib extension back in Jan 2015 it has been in a long consolidation pattern (Mar 2015 - Feb 2020) and has never really rebounded from that level. A key low price to note is 0.68. Other than the Covid reaction in Feb 2020 - Mar 2020, price has never gone below this level. Now that we're in the recovery/retracement stage of the...
Hello traders & analysts, Here is out latest unprivate idea for Silver . We are bullish and would like to share our out look for the next opportunities which can take place. COT data: 71,859 long (67.92% ) 33,936 - short (32.08) Technically what has happened? Price was severely undervalued and silver is an important commodity to use for manufacturing...
With most of the economies around the world returning to their pre-Covid19 capacity, it only makes sense that the demand for Oil will increase. The US government has also been rumored to be thinking about giving Americans a $4000 vacation tax credit to help boost the tourism industry.
I think this is probably where I will place bids on NOVN.. Still looking weak AF right now.
Everyone’s attention is focused on today’s strong jobs report, but an under-the-radar sector is breaking out: biotechnology. The iShares Nasdaq Biotechnology Index ETF hit new 52-week highs before the rest of the Nasdaq. And it wasn’t just any old breakout. It was the first move above $130 since mid-2015: a historic push to important long-term levels. IBB did...