Significant resistance zone. possible down. This is only my idea and though, not a financial advice.
The problem with SMH: Today is attempting some recovery off Fridays big red candle with what has potential to be a piercing candle, but needs to clear at today's close above Friday's pivot at 147.84 to offer any hope. The test is label B, at 143.35. Bulls will want this to hold, or it will be a fast trek down from there. 9/21/23 will be a key day, if the...
The problem with AAPL. I would look for long entry perhaps around 170, but would assess at that point.
resistance of trump era turned to support in biden era. 97 would be next major resistance but overall, this is a chart that wants to make new highs.
On the 4-hour chart the trend started on August 29 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 30.08 But we should not forget about SL = 24.64 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, ...
I enjoy trading tesla because of its repeatable and mechanical nature. That being said we are showing relative strength in the face of a dump, and trying to hold on to major levels on the weekly and daily.
On the 4-hour chart the trend started on Sept. 12 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 7.49 But we should not forget about SL = 6.80 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelieveInTrading
Here's the other analysis on this pair for the higher time. It serves as a bullish confluence on the previously posted daily chart of cadchf. Go LONG!!!
Watch the blue zone Buy above blue zone Sell below blue zone wait for confirmation then Enter
Last Close : 771 , Buy On dip Around 758 For The target 874
Last Close : 228.60 , Sell On Rise around 232.60 for The target 219
Last Close :1296.65 , Buy Dip Till 1283 for The target 1355
Sell Rise Till 1958 For The target 1929--1908 , Exit This Sell if You Get Daily Close above 1959
Currently Trading at 1.52225 , Buy Dip Till 1.51773 For The target 1,54398
A positive difference that supports corrective buying. If the sugar breaks the rising trend, there is strength for the seller and a victory for the price decline. and God is superior and knows best