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Fib

EVK "Fibbin" again?EVK hasn't been a stranger to big moves quickly. Nor has it been a stranger to the 382 Fib level either. Now the second time it's tested this area, EVK continues to fail to break and hold above it (as of right now). While there's still a clear uptrend with higher lows, there's a pretty important level that may be of interest right now which is the 50 fib line. It's in "no man's" land after today's spike and looking for some solid support is going to be important for longs. If it does settle around this level, it would be the first time it's established support above the 618 fib line in quite some time. We'll have to see how much follow-through, if any, is in play heading into August. "The main reason for this move comes as the China-based clothing supplier and retailer announced that it would be repurchasing roughly $5 million worth of its shares. 'We believe our stock is a good value, and the Board’s approval of this stock repurchase program is recognition of the long-term prospects in our Company’s intrinsic value and the undervalued price of our stock. Repurchasing stock underscores our commitment to enhancing shareholder value and demonstrates confidence in our business.' - The CEO of EVK, Mr. Yihua Kang. For some added context, Ever-Glory International is the first Chinese apparel company to be listed on a U.S. stock exchange. It offers several brands that cater to middle-high end customer markets. As a vertical company in this market, Ever-Glory is able to control all aspects of its day-to-day operations." Quote Source: 4 Hot Penny Stocks to Watch as August Turns Bullish
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by PennyStocks101
NVDA Short 200-202NVDA complicated FIB game . I can do it many different ways but decided to play with Projections and extensions . So In general NVDA will face resistance at 200-202 will go down to 197,5-198 . then will go back to 204-205.5 . Then if QQQ and BTC hold it will continue its Prearnings run and after Earnings if it rip up will go high --everyone discussed this levels of 215-235 , but then down big times . In case NVDA stop at 198 and face strong resistance i do not know it is not likelly but possible then you know in case earnings sell off look down 160 or lower
NASDAQ:NVDA
by mariyan15135931
1
Falling Wedge- BullishChinese stocks have been getting beat down for quite a while now ever since the last-minute blocking of the Ant Group IPO. A lot of negative investor sentiment around stocks such as BABA BIDU Tencent etc. fearing more regulation from the Chinese government. However, that being said, in my opinion- they are some of the only stocks in the market that are fairly, if not undervalued. Something that is quite hard to come by in a market that has thrown fundamentals out the window a long time ago. Will be watching BABA closely in the coming weeks, big falling wedge on its yearly chart in addition to nearing the oversold range on the RSI- will be looking for potential entries for some credit spreads and/or IC's as BABA has the tendency to trade sideways. Regardless, am bullish long-term. Just some FIB levels and RSI-based supply and demand zones to keep an eye on as well.
NYSE:BABALong
by jacobosiason7
Pullbacks - length of a Z shape pullback Fib Target Z Pullbacks are observed to indicate a price destination, at the exhaustion of the move, by using the Fib drawing tool. Taken from its top to bottom the resultant indication of the 2.6 Fib line gives a target price at the exhaustion of the move. Another rough estimate is to take the length of the Z and add that length twice to the top, the resultant length will be the target at exhaustion (same as 2.6 Fib). Here we see Facebook with two Z pullbacks and the resulting Target Price is the same
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by treviska
Retracements and Expectations👨‍🏫 A students ask me to clarify a strategy I use when momentum trading using retracements in something I call the "Springboard Effect" The theory is, the deeper the retracement after the initial impulse move the less chance of an extension or "strength" of the continuation. I like to use the analogy of a Spring Board, (or diving board) and the stiffness of the board or the amount of "spring" it has 👇 🤔 Imagine we we have 4 different boards, all with a different amount of springs and we are going to drop the same amount of weight ⚖️ from the same height onto each board. When we drop the weight onto the board that has lots of springs, it wont retract far before launching the weight high 🚀 If we drop the weight on a board that has a less springs it will retract further, but have less strength to launch the weight very high 🛫 If we drop the weight onto a board that has barely any springs then it will retract a lot and then struggle to even launch the weight higher than the height it was dropped from 😤 In this analogy..... The height we dropped the weight from, is the top of the impulse move 📈 The different boards are the different fib retracement levels 🧮 The springs are the buyers at those levels 💵 How far it throws the weight is the strength or price action of the extension 💪 👉 A Bounce on the 382 tells us that there are plenty of buyers wanting to enter this market asap, this is a good sign that the extension could be strong. I like to target the 1.618 extension and or match it up to a level of resistance close by 👉 A bounce on the 50 tells me there is still a lot of bullish momentum but buyers where happy to buy it much lower, I'll still consider this bullish and target the 1.272 extension and match it up with some resistance close by or front run the level if I have to. 👉 A bounce on the 618 I dont really consider to be a strong move, I feel we will get a good bounce and may extend further, but I play close attention to the previous high incase we double top. I will look for things like candle stick reactions and use the CCI to spot divergence if momentum is lacking. 👉 A bounce on the 782 I consider a failure of the trend, I will expect buyers to still step in, but it will be a weak bounce and only really look to target other fib levels inside the retracement as potential resistance and this trade becomes more of a short term scalp. I hope this makes sense and adds some value to your trading, peace ✌️
OANDA:SPX500USDEducation
by DeNomics
9
BTC macro fib circle levelsso bare with me here, i connected several different macro points to come up with a little grid. between august 16th and 24th it looks like we will be kind of forced into a major decision to either fight to reclaim the blue band at 40k, or we continue slowly down the downward channel until dropping quite demonically, about 50% to around 12 to 15k as the ultimate bearish scenario. at this point the first ultimate bullish scenario is getting to and closing a weekly candle above the blue band around 39.5k
by g0nzo
3
FIB circle appreciation postidk if many of you guys are using fib circles in your TA, but something ive noticed is that if you measure price action from inside of a pattern thats forming, in this case the rise wedge, then you can many times use the outer bands to a pretty high degree of accuracy to anticipate volatile movements when the pattern does break. in this case we broke down from the rise wedge and rode an outer fib circle in a straight line down. i am now in the process of successfully swing trading this little possible inverse head and shoulders mini bullish reversal using fib circles, retracement and pitch fan to identify very accurate price targets. ive been stopped out once. happy trading! FIB CIRCLES! that thick white line btw is what i see as the neckline of a massive double top we formed upon breaking down from the wedge. i see us retesting that line and probably bonking our heads before reaching further
by g0nzo
1