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Pin Bar

ROKU - still strong and finding supportROKU dipped below a resistence-turned-support @ 443 briefly to test close to the 21 day moving average before closing as a pretty bullish pin bar on Wednesday. The stock has only retraced less than 50% of its recent AB swing up and has held well yesterday despite the overall market sell off. Expecting this stock to continue it's uptrend with possible near term target @ 518 (162% fib extension of the BC swing upwards) Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
NASDAQ:ROKULong
by Juliac
Nasdaq - short term correction onlySo far the near term support zone (13550-13590) - which was a resistence-turned-suppport - appears to be holding. Nasdaq dipped below this support to test the rising 21 day moving average before closing above the support again with a bullish pinbar (not the most bullish pin bar, but still bullish looking nevertheless). Futures are currently holding above this support zone too. Could be just a much needed short-term correction. Opportunity to buy the dips of quality stocks. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
CME_MINI:NQ1!Long
by Juliac
CYRN. Test entry, watching for breakthrough of $1.80-$2.00 zoneCYRN just had the "golden cross" where the 50 DMA crossed the 200 DMA. TRIX and momentum are also trending up. The weekly and monthly trend keep hitting higher lows, but there seems to be some resistance at the 200 WMA. Further, the monthly chart has triple top "pinbars" indicating selling pressure, keeping the price below the $1.80-$2.00 zone. I'll be looking for a pullback to $1.05-$1.15 for a small test entry. I want to see CYRN cross the 200 WMA, then the $1.80-$2.00 resistance zone. If it breaks out of that zone I'll be looking to buy more. Otherwise, I'll probably sell the test entry if it bounces off the 200 WMA.
C
by lafayettelegacy
GBPUSD supportThis week we saw a new rise in GBPUSD and reaching 1.3866. It is currently in the support zone 1.3794-1.3750. As with repulsion from the zone, a new rise can be expected, to 1.3900. A reversing candle or a break of the correction is sought for entry. The stop options are under the previous support, where the model breaks down or as close as possible under the turning candle. If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Long
by ForexTrendline
2
DTEA - ripe for rebound?DTEA hit a high of 7.45 before plunging to hit a low of 4.62 today (a 38% drop!). However, the worst appears to be over now as it closed the gap @ 4.83 and now began to form a bullish pin bar. The uptrend appears to be still intact despite retracing about 50% of the move that began at the start of this year. I went long @ 5.00 with an initial stop loss just below today's pin bar candle's low @ 4.62, with a view to scale out partially at 7.45 (recent high) and then at 8.95. Let's see if it works out! Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
DLong
by Juliac
2