Happy Monday. Thanks for tuning in. Today we’re looking at the ASX200 as a few things point to buyer control. Since last Friday, we continue to watch the new fast uptrend remain in play. Buyers are also starting to break out of a wedge pattern, but we want to see if price can get back up to and break 6715.
A move up to and break of that level could start to tell...
This is the first time i am sharing my idea on NIFTY 50, Indian Index. Past 3 days were very good for NIFTY. rise of more than 700 points. But now i see downward wedge pattern in Daily chart. Possible scenarios i see here are;
1) Strong resistance at 16000 . We should see profit booking here. we may test 15600 again for good pump.
2) If we...
I wanna share my idea about netflix.I think rise will come after this EMA cutting. Why bullish will come? Let's answer this question.
Reasons of rise possibility:
1)We are on the very strong support.This will affect investor for buy netflix.
2) 5 length EMA can cut 20 length EMA at the future days.
3)We see mismatch between MACD and Chart.(Most...
Share markets continue to chop around the lows with bulls trying to build a base to drag in more reluctant buyers. Inflation and rate rise concerns continue to weigh on markets as the Focus is on economic numbers. If the data shows the start of a slowing economy while inflation remains strong...we could see some serious selling into share markets.
Share markets managed to find some buyers to hold up off the lows as the US was largely range bound for the session. Buyers were happy to soak up the selling pressure from a weak open and fend off another selloff. The USD ran lower as safe havens moved down which lifted Gold. Major US indexes look set to bounce again into the weekend on more bargain hunting.
Review of the key levels in the major markets as global markets resumed the meltdown with the NASDAQ and SP500 down over 4% and DOW 3.5%. Markets playing catchup to Powell comments and also have concerns that the US consumer is holding onto cash and not providing the economy with needed support...Target failing to delver on earnings highlights the concerns.
Review of the key levels in the major markets as the US bounces back Friday following of from a strong Asian and European session. Bargain hunters taking the opportunity to buy in an extended market so the questions is whether this bounce can gather momentum higher.
The general trend for major Indexes remains down with the USD, Inflation and Interest Rate Rises...
Nifty Symmetrical Triangle
After being stuck in a range this week, the Index is expected to be directional next week.
Tomorrow's Range: 17,000 - 17,300
Bearish: < 17,000
Long Strangles recommended for 5/5 Expiry
We found one more potentially high probability stock that prove itself to be a 'WILD HORSE" (multibagger).
Chart is bullish as it has taken support of 50 ma as well as the demand zone with high volume. Its breaking out the trendline too.
Entry will be valid if the current candle closes above the 6ma (green line). Stop Loss and target are mentioned...