For this scenario to happen we have to break an important resistance level - the $202 level. After that we will expect a retracement without making new lows, and then start to consolidate and slowly move to the upside again.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend...
TSLA 1H support is now at ~$129
Enter 50% at the current price
and try to set some BUY orders near the support zone
If TSLA stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Is Tencent Stock a Buy Now?
Tencent posted its third quarter earnings report on Nov. 16. The Chinese tech giant's revenue fell 2% year over year to 140.1 billion yuan ($19.8 billion), which represented its second consecutive quarter of declining revenue since its IPO in 2004. Its net profit rose 1% to 39.9 billion yuan ($5.6 billion). On an adjusted basis, which...
the year of 2022 is coming to an end and the markets are showing important developments that are necessary to consider when moving forward into 2023 out of a trading and investing perspective. Therefore a main stock index like the S&P 500 is showing us crucial signs on what to expect in the financial markets within 2023. In this case, I have...
Based on my strategy, there seems to be a Bearish Divergence on GIS.
Meaning that the price action is making higher highs, but the RSI is making lower highs.
This could be a good time to buy PUTS on GIS with a very tight stop loss.
The idea will be invalidated if the RSI creeps about the dotted line on the chart.
I have marked the support levels on the chart...
After trading in a lower low pattern for almost a year, Consolidating in a range for 3 months this scrip is trying to move up. It has formed a triangle type pattern and trading near resistance. on a successful breakout and re-test the stock may give a good move. Keep this in radar and trade safe.
BABA passed wave 5 in the Resistance Zone , and I expect that it will go DOWN to PRZ ( Price Reversal Zone ) & near the SMA 100 ( Daily Timeframe ) after breaking the Important Support Line .
Also, we can see the Regular Divergence (RD-) between Price and MACD Indicator .
Alibaba Group Holding Analyze ( BABAUSD ) Timeframe 4H ⏰ ( Heikin Ashi...
Earthstone Energy inc. stock is forming in a head and shoulders pattern signalling a short trade opportunity provided that the shape forms. Where, upon a break from the neckline (green line) accompanied with a surge in volume. Price of stock will fall in accordance with the arrow in the chart. The stop loss and take profit levels are shown in the chart. The...
Uptrend since May 2022, confirmed UT with break of previous high in June. Nice pattern with higher highs and higher lows.
Currently 3rd bounce on the trend line. Also, previous downtrend line has now been used as support.
Calculation with candle touching trend line on Sep. 16
Take Profit determined with angle of previous bounces and...
Investors seem to have braced for a 100 bps rate hike from the Federal Reserve, as US retail and labor market data indicated an improving economy. August’s retail sales figures reported a 0.3% increase over the original estimate of 0.2%, while Initial Jobless Claims exceeded expectations by only adding 213,000...
GE | General Electric | Potential Inverse Head & Shoulders
General Electric is showing the potential for an "Inverse Head & Shoulder Pattern"
The price should bounce above $81 in order to confirm
Thank you and Good Luck!
PS: I know that the economy may face a recession soon so let's say out of this topic😂
Disclaimer: I am a new trader, practicing Elliot Wave Theory on the ASX. I aim to publish these ideas for my own journalling, as well as to accept feedback from the community in order to help me learn.
This is my analysis for BSL - Bluescope Steel Ltd. The ABC corrective wave seems to be over, so we can look forward to the 5-wave impulse move. Retracements (2)...