With the current climate in China, NYSE:BABA continues to take a beating. The age-old question is - is it time to get in, or is it a falling knife? There are a couple reasons why I think NYSE:BABA will be a win in the medium to long term.
1. Singles day is in November, and if Prime Day from NYSE:AMZN was any indication, this will once again be a massive boost to...
Time for a necessary update on the stock market - namely the Dow Jones Industrial Average. I decided to draw this one using the pitchfork tool, to create parallel channels for accuracy. My other DJI charts were drawn with more of a wedge. This chart uses a slightly different model, so some price targets may be revised from my initial speculations.
So besides the deteriorating economic data (use PMI not CPI- CPI is what has already happened akin to looking at the rear view mirror in a car. PMI is looking at what IS coming akin to looking through the windshield in a car), what is another signal that a recession is coming? The yield curve and how people would rather hold money in the short term rather than the...
Priceline of GENERAL ELECTRIC CO (GE) Stocks has completed a bullish shark pattern and entered in potential reversal zone.
From here price aciton will take bullish divergence soon insha Allah.
I have defined targets using Fibonacci sequence as below:
Buy between: 9.33 to 8.94
Sell between: 9.67 to 10.42
Atif Akbar (moon333)
FACEBOOK has put a reversal signal after breaking above 200 and back below a key level around 197-198. It has made an effort to close the unfilled GAP at 217 levels and failed and broken through a key level at 197.
On top of that FACEBOOK has put a bearish confluence with the momentum and the price action.
Also it has significantly moved away from the 200EMA...
AMZN has seen a retracement of 75-80% of the recent move up and this aggressive move down has come without any retracement.
Also we have the MA200 at 1750 where the stock had put a reversal back above the MA200.
We should see a decent move up on this stock as long as above the MA200 and expect this to reach 1927.
Any daily close below the MA 200 will get me out...
Want to post images of the daily charts of world equity markets. As discussed, we were expecting a lower high to be formed. It is just basic market theory. There are two ways to play this. The conservative approach is to await the lower high to be confirmed with a break BELOW recent lows to form lower lows. Lower highs are confirmed with lower lows. This would...
FTSE100 Fell more than 7% from the recent highs from 7700 without any retracement. We can expect this whole move to retrace at least 38% from the bottom towards 7400.
We can go long on this if FTSE gets above 7200 after stock market open. Stops 6990 target 200pts
FTSE 100 has rejected 7600-7590 area in the 1hr time frame, 3 consecutive times suggesting that a correction is possible.
If FTSE100 breaks below 7550 (23% fib level) we can see a correction upto 60% Fib levels at 7440-7430 levels.
But FTSE needs to break below 7550 to trigger this trade.
Stops should be above the recent highs.
I am long on GOOGLE as it has put a lower highs confirming continuation of the upward trend. GOOGL has put a 78% FIB retracement of the last move towards 1040 and continued to break above 200ema which confirm the bulls still in play.
The targets for this is the recent highs (Also an unfilled gap at 1290)
Stops below the swing lows and a round number at 1000
Netflix is potential short if breaks below 362. The target is 38% retracement from the lows to highs at 327. And stops above the highs at 390. I am expecting at least 1:1 from this trade.
NFLX has rejected 380-385 key level multiple times and now expecting a correction.
Alibaba BABA stock has triggered long with with 200EMA as a support. At the moment as long as the stock hold above the 200EMA I will be comfortable with the trade till the Target hit.
You can enter now or wait for a retracement towards 170. Personally Im long from 166 levels from initial signal.
If this has a End Of Day close below the 200EMA and break that...
Priceline of OASIS PETROLEUM INC Stocks is moving withing a down channel and after 13 May it is hitting at support.
The RSI went in oversold zone.
Stochastic has given bull cross.
Volume profile is showing weak interest of traders here.
I have defined sell targets using Fibonacci sequence as below:
Sell between: 3.40 to 4.40
Atif Akbar (moon333)
DAX has touched (and marginally breached) the 11,620 1D Support today (RSI = 36.615, MACD = -138.200, Highs/Lows = -362.6572) forming a Death Cross on 4H (MA50 crossing below the MA200). This is normally a bearish pattern but has proven to be bullish for DAX on the 4H scale.
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