Hey guys, just an update from my side since we had our FOMC statement and press conference by FED chairman Jerome Powell.
The FED hinted that they are positive that the US economy is growing stronger, "With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely...
This is a hyper bullish count, but considering what this name has done recently and the massive increase in guidance from management, this is far from impossible.
1) Either we have completed a primary 5 wave structure, giving us wave 1 of the cycle around 300 (in yellow) and will now begin a cycle wave 2 that could take us to between 84-135, before a wave 3...
Technical Analysis and Outlook
Our Inner Index Rally of $4,545 was hit on Thursday. The Spooz is currently in a tight trading range, and we are awaiting intermediate confirmation of the trend. However, a drop to Mean Sup $4,469 is a strong buy and provides ample opportunity to load the boat for resurgence to retest undeveloped key resistance and completed...
Financial stocks have bounced in the last two weeks, and Citi is one of the biggest members of the group.
A few patterns stand out on the banking giant’s chart. First is its breakout above the 50-day simple moving average (SMA), followed by a pullback to hold that line.
Next is the late June highs around $71.50, near the current level.
Third, notice how the...
It has activated a Bearish Harmonic 5-0 pattern which is suggesting a retest of 1440/1400 and a likely bottom near 1350.
The view would go wrong if it trades above 1485
LMFA has some pretty well established levels if you look beyond that one big spike earlier this year. With the 786 fib line showing to be a strong pivot, the stock has stalled twice now, failing to hold above this level. It was strongly denied this week and looks like the follow-through momentum just isn't there to finish out the week. However, bigger picture the...
The fight against cash is continuing all over the world and in this context of economic recovery the increasingly basic payment services certainly play a fundamental role in the daily life of every individual.
Online payments, in stores , in supermarkets are increasingly digital and because of electronic tools and Fiserv with its worldwide presence does just...
Another opportunity here to get in at a lower price on a bigger name with Reward risk of 1.98
Every time there's a chance to get on on Mastercard or Visa, we will pull the trigger as long as the economic environment is favorable to it.
Main support levels 58.00 - 60.00. Max stop loss is 56.00
For this week, I will keep focus on banks. Good formations among stocks from this sector, nice relative strength.
Pretty much has followed the same trend as all financials, especially JPM. MACD and RSI need to cool off the next weeks, but trend should hold as long as we don't break through 30 key fib level.
for last one month we have been noticing various w and m pattern in btc as well as various alt coin.
so yet again we see a W pattern not one but two. now let see which one plays well. a clear indication is that market should start flying from monday or tuesday
Resting right on the 20dma I am anticipating a nice long opportunity if the pivot point holds here to R2.
This company makes a great investment due to fundamental analysis and we can see the downside here remains in-wedge most likely at $20 making downside risk very low.
HQ is in Gettysburg PA
Alan Stock is Chairman and sits on $750k worth of equity in the...
Many eyes on GS and with a rotation into the financial sector it could truly break out and hold the gains. With the market pullback, gains were softened but the RSI >50 indicates strength. Any entry above the pennant is a good one and should see a retest of the fib above in the next few trading sessions. Fib below can be used as stop loss.
Contextual immersion trading strategy idea.
Focus Financial Partners Inc. provides wealth management services to primarily high net worth individuals and families.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from...
Contextual immersion trading strategy idea.
Qudian Inc. provides online small consumer credit products in the People's Republic of China.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1,89;
stop-loss — $1,79.
Information...
