NYSE:K daily long setup: Over the last few weeks prices have filled in the gap made on the May 6th earnings and then formed a double bottom at that support level. On Friday prices broke the top trendline and MACD has crossed positive. Buy taking out Friday's high at 64.57 Stop Loss under double bottom at 62.41 Profit Target 72.78 Risk/Reward 3.8
Long trade opportunity as price is at a level with a confluence of supporting factors (Trend Line, Horizontal Support & 200MA) Indicators and recent price action suggesting a potential bottom being formed (details outline in the chart).
Go long JMIA, breaking out after a 3-month long sell-off/correction, looks ready to rip even further with a bullish MACD cross and pattern in stochastic RSI showing strength like it did before the previous bull run
Semiconductor manufacturing on United States soil has now become a priority in the infrastructure bill which is one priority that has full bipartisan support as it is a matter of national security and the ability to not rely so heavily on foreign supply chains. If that doesn't scream Intel to you, then I don't know what to tell you. Intel is an American company...
30-day put-call of .7 has fallen to .4 for the 1-day put-call which is a bullish indicator. If retail traders get behind this name forcing those who are short to cover, they could push this back towards its high of over $200 a share. Short & Put-Call info provided by Schwab.com
Bullish H&S formed on SOS. Consensus-based on social chatter shows that people have been sizing up their longs. Go long, load the boat with both fists full
Giving the levels I'm looking for, along with the timeframe they're from. The higher the timeframe the more important it is as you all know, Personally looking for longs in 460-480 areas so that i can add to my positions from 430. Taking a little profit here might not hurt since we might consider this as a triple top near 540-560ish area. Trading these level...
MDT price target was just upgraded to $133 by Citi. I see it overshooting that in the long run. Elective surgeries have been put off and doctor visits have been down throughout the pandemic so the amount of pent-up demand for surgical/medical care is going to be through the roof. With an aging population, healthcare is a MUST as a sector to allocate to. MDT is...
Hello, dear friends!♥️ As you know, I try not to buy hype coins, because what has already been pumped well, soon will be dump painful! I went through such an experience in 2017 and I don't want it anymore!🤪 Now I wanna pay your attention to GO! It's still at the bottom and I see a good medium-term perspective in it) You can find my thoughts on the chart! ...
With a bear flag i can see banks retracing to fill some gaps. Then a new leg up will emerge
MLM has been building strength and continuing. Although sometimes a high RSI means something is overbought, sometimes it can signal strength. Every time the RSI and MACD spike, it ends up being a sign of building strength and momentum in MLM as marked by the blue vertical lines. There was a bullish Golden Cross and with the infrastructure bill around the corner,...
DKNG traded up in the parallel channel and nearly hit the projected target. Based on the TTM squeeze indicator it looks like it is just building strength to take off. MACD signals buy as well. Fundamentals: They just beat on revenue on their latest earnings. They continue to grow paying-customers. More states are legalizing giving it a tailwind. This stock could...
I reconfigured the parallel channel and if it stays along the median it could hit $123 by earnings. RSI showing it is not overbought and MACD signaling buy. Looks like there is a path back to contend with previous resistance at $118. This was nothing but a healthy market-wide sell-off/correction, mainly in technology, that brought this down. Fundamentals are...
The high-flying crypto finally had a healthy correction. This could be a good buying opportunity for long-term holders. MACD and RSI are screaming buy. The green line signifies what will hopefully become future support for much higher levels.
As I continually monitor the Eth market, I noticed what appears to be a cup and handle forming at the top of this Feb. Bull Flag formation. Am I wrong? Only time will tell. Thanks for reading!
As I stated yesterday, I'm a strict amateur. But I wanted to update my post from yesterday with some new information that has come to light. We have a showdown coming. Per my chart, we've got a YTD Rising Price Channel. So far for the month of Feb, we have a new price channel forming with new ATH and new higher lows. The StochRSI is showing as a good buy, but the...
So, I'm a very amateurish amateur. I've been lightly involved with crypto since 2016, I FOMO'd during the bull run in 2017/2018 and lost 90% of my portfolio day trading before I had had enough. So I stepped back. I wanted to see what would happen next. I hadn't watched the existing patterns closely enough leading up to the bull run. I wanted to see what happens...