Plantronics was upgraded by JPM to a target price of $25. They could have benefitted from the COVID lockdown periods and work from home arrangements. Good quality equipment. I like this chart and think it could possibly go to $31 if the $25 target is met. Buy on weakness after a very strong move in recent days. Earnings
Do your own homework. This is not trading advice.
Straight to the point, Dealers are accumulating DXY, going long, extreme long 90%+, while as speculators (large spec/small spec aka RETAIL traders) are extreme short. Clearly we are within a downtrend for DXY, with a potential bear flag in the making. Yet, with the knowledge of dealers being extremely long on the dollar, this could be a pattern of...
Notes: This is somewhat stronger than draft 1, not much has changed. What we CAN infer is that while we expect incoming weakness, lack of said weakness in an otherwise weak area would be incredibly bullish for TSLA. Will add if I have time.
Stocks caught a lift at the 0.500 Fibonacci exactly as we said they would. Hopefully some of you took advantage of this trade. Currently, they are facing resistance by a collection of levels aroudn the 0.786 Fibonacci level near the technically and psychologically significant 3500 level. This is likely to continue to provide resistance so watch for a small...
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DAX bearish flag looking to continue the down trend for at least the short term.
SPX also starting to roll as global indices start to sell off.
- Daily – Below 50 EMA
- Daily – Targeting Trend line or 200 EMA
- Below 50 EMA
- Below 200 EMA
- Flag pattern for break out
- SPX futures bearish
Support – 12680,...
As anticipate stocks retraced to the .500 Fibonacci level! This is something we have been calling out in the daily briefings for two days now. We need to keep our eye on Ghostsquawk AI to determine if the risk sentiment is risk on or risk off today. This is a make-or-break level for stocks. If they catch support here, we could see another rally, otherwise we...
Stocks have wavered the past two days, potentially giving us the corrective phase we were anticipating. The Kovach OBV was very meager throughout this rally. It has declined precipitously starting at the beginning of that little corrective phase.
The technical and psychological level of 3500 will provide support, but we still anticipate a bigger dip before any...
TIme to buy ?
Great level , technically.
Though ongoing risk sentiment makes this one tricky.
Keep an eye on equities, if they open green this could be a good risk-reward buy.
If they continue to sell-0ff - this will be very bearish.
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Price pierced through resistance ($2.87) with volume and cleared the range where it’s now coiling above under the 200 EMA. ABP.ASX has not touched the 200 EMA since the pre Covid drop.
ABP.ASX – Abacus Property Group is a diversified property group specialising in Australia’s core commercial sector including office, retail, and industrial...
The S&P keeps sailing up to higher highs. We are currently encountering some areas of resistance beginning at 3484. This rally does not seem to strong compared with the Kovach OBV. Thus it is likely to see a pullback really soon. We have about another 100 points before we will see new highs, and there are plenty of levels of resistance in between. It is...
Tencent has been consolidating between 500 & 560 since the start of July. Bottom of channel remains the short term target. A break of the upper resistance line will be very bullish and could possibly indicate another leg up.
Benjamen M Hutton, Director, on Sep 15, 2020, made a purchase of 10,000 shares in Equity Bancshares (EQBK) for $169,088.
There have been 3 insider transactions in the last 90 days previous to the date of this filing.
251.558M MARKET CAP
11.36 P/E ratio
The indicators are bearish on the short term but bullis ond the mid and long term.
Sell on 2h timeframe
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Nickel index quite strong last week increasing by 6% and potentially heading to test August highs. WSA has been supported at the 61.8% Fibonacci retracement closed above a multi-month trend line with volume.
Western Areas Limited is an Australian based nickel sulphide explorer and producer with its core 100% ownership asset in Forrestania...
We anticipated a bit of a squeeze first, but stonks go up. At this point, we should see a correction to lower levels before they continue their ascent, but we live in a clown world with inflated values fueled by fed magic. The Kovach OBV has not grown commensurately, so it would be unwise to jump in at the top of this rally. Wait for the S&P to pull back,...
Stocks have been edging up. If you recall, yesterday we said it was likely that they would get squeezed down to those three support levels identified, beginning at 3397, before making a run for higher levels. That is exactly what happened, albeit very quickly. If you set some limit entries here, your patience would have paid off. Now the S&P has made new...