If you are thinking of trading Amazon, the best move right now is to probably not trade Amazon :D
Underlying Stock
What I see-
BULLISH: a nice Head and Shoulders that appeared to FAIL last week, with enough support to stop it from even testing the neckline.
BULLISH: a Symmetrical Triangle with price coming from below, which means this is more or less...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Looking at a long into the 294.12 price resistance.
Upper trend line is current support above 273.48
If we drop off that support, id watch 255.11, or the top of the paralell channel outlined.
Id stop out below 255.11 and wait for a new entry on the bounce, or back down the the bottom of the paralell channel
NASDAQ:MSFT had a short interest of 1.1 in the month of November. Since the beginning of the month it has formed lower highs and higher lows in resemblance to a wedge. The most traded price was during this month was around 216.34 and I believe that this price being broken along with the ascending wedge breaking, MSFT could chase 221.86 or higher. The CCI sits on...
*The charts are on a logarithmic scale*
Bitcoin has had some very strong price action of late (clearing both of my prior price targets i'll say too), and as my prior BTC piece noted alllll the way back in May that after the $14,000 target was breached we would more than likely see a period of FOMO to prior highs...
...We may very well be seeing the beginnings...
wait for a pullback and consolidation with $APVO
$14.42 to $14.5 Entry point for APVO
SL $13.99
1st Take Profit point 50% holding at $18
2nd Take Profit point at $23.90 (3rd Squeeze, or the last potential squeeze) if APVO $14 not violated and Consolidate above vwap
if the 3rd breakout at $19.46 occur with APVO, we could see another 23-24% Upside Squeeze...
Since curving down and bottoming at 71.76 NASDAQ:JD has moved back up along a similar curve. As long as this curve holds JD could push back above 79.27 resistance and with the right conditions it could jump from 80.70 to 85+. Something to consider on JD is the MACD reaching a buy signal and the last 5 days have been higher opens with a close lower than the open....
- CRM appears ready to break upwards out of a Bollinger Band squeeze . The same bullish price action occurred when it reported Q2 earnings in late August.
- The Commodity Channel Index , a measure of the current price level relative to the 20-day average price level, has moved above +200. This indicating a strong uptrend is beginning.
- A bullish MACD crossover...
USDJPY L Trade Ideas
ALOHA Traders!
The market is showing some nice setups to end the month of SEP brining in some nice momentum going into OCT and beyond. Here is one of my ideas of what I’m thinking price can do.
1. USDJPY L (not in this position)
D - After a double bottom on the lower trend line of a range, price spiked up and has room to breath. A...
The easiest trade to take today on the Gold Future - GC.
After a long drop during Asian session and European one, the American session wakes up involving huge volumes with initially a strong acceleration of the drop in price to later trace the perfect signal of a possible very profitable long entry.
As the sellers has been squeezed, it is later on the buyers who...
The price has been up trending generally until the buyers were stopped.
The three arrows show where exactly the buyers has been squeezed. The volumes where very important at those points. It is a probable validation that the market wanted to go down.
The horizontal blue lines are marking the new range of the market price. The market is clearly ranging now.
There...
There is finally some buying volume coming through, but too early to call anything. It is technically a lower high, but reached the wicks of the previous low and rebounded with good volume.
Definitely wait for confirmation before going long because it is also going through a Bollinger Squeeze and has bounced off the MAs.
MNK Short Float 55.42%
Is in the $ 1.5 range not far from the all-time low.
MNK Lost in the last quarter but this is a stable company that expects revenue growth next year.
After a decline due to a bad report expect to rise to the first line of resistance, with the help of the shortlisters.
Overall beta 3 ratio, very high but with severe declines in the last year...
Long-term: (Out of frame) Ascending wedge with three bullish pennants forming.
Mid-term : Rising trendline of the bullish pennant Extended , on its way to retest higher resistance as support.
Ranging in the pennant , flirting with 12000 , this top defines the second point of the peak resistance line as seen in the previous bull-flag.
This line ends on the...
