The S&P 500 is progressing well and after bouncing off the 50 simple moving average last week. The 20 simple moving average appeared to be acting as temporary support, but today we can see price is above this indicator. As mentioned in previous posts, we have support levels in the form of the 20 and the 50 simple moving averages and the $4000 round number, which...
We covered a couple of tobacco stocks in one of our YouTube videos. Now we see a good setup for LSE:IMB ; price > 50EMA, 50EMA>200EMA, characteristics of a strong uptrend. For a short term pay, 1:4 risk-to-reward; a buy at current level with a stop below the 50EMA, and a short-term target at 2244 GBX.
I am bullish on the financial sector, major banks are trading above the 200EMA. JSE:SBK can push higher from here. It's a reasonable 1:3 risk:reward.
Loving NASDAQ:TSLA at this level following the last week's pull back. The stock found support on the 200EMA, as anticipated. I am expecting the price to move up, with a bit of resistance on the 50EMA. If it manage to break above it, TP1 is near the recent lower high of $780, and a full target at $902.
This is a short take. I'm showing a 30 min ATR trend line. Loads of traders know that ' the trend is their friend ', but do they truly exploit it? I don't think so. There were three main opportunities to exploit this trend. The problem is - now you see it but when it's developing you can't. But at each of two points where price hit the 30 min ATR line, it was...
The recent declines in the market were just another profit-taking session for short-term investors. It may have sparked a lot of fear amongst investors new to investing, but savvy investors would be fully prepared for such events. The $4000 round number is also below, should price decide to move further down. This level may act as support, and further down we...
At current levels NYSE:BA is offering a reasonable risk to reward to justify a long entry. Even a swing trade to the previous swing high of $278, with a stop near $212 is a 1:3 risk to reward. However, I'm bullish in this stock, it's in the accumulation phase so it'll be a long-term investment as opposed to a short term trade. Thus, the risk:reward is...
Bitcoin has been making headlines throughout this year, mainly due to the 123% growth we witnessed from the start of the year to its peak in April, almost reaching $65,000. As is the case during strong moves, we will experience a correction, and Bitcoin appears to be doing just that. We now need to establish levels of support that price may bounce off. Support...
Look for bullish rejection at: - Previous resistance (84.60) - Rejection at Fibonacci level 78.6 - Bullish rejection at the support trend line - Bullish confluence among technical indcators Also, trend following!
Could see some nice bullish reject at support (78.20) on the trend line as well as previous resistance levels and the 61.8% fibonacci level. Lots of confluence potentially forming. Will be keeping a close eye on this pair.
JSE:NED broke out of the R145-ish resistance, and it's supported by the 50EMA. Taking a swing trade at this level, targeting the next potential resistance level at R193. With a stop below the 50EMA, this is a potential 1:4 risk:reward trade.
Palladium had a nice run between 2018 and 2020 with a rise of 245% during this period before the Covid-19 pandemic hit price. From that point, price created an all-time high at the time of £2875, then there was a sharp decline to near the $1500 round number. The round number and the 50 simple moving average cushioned the fall and gave price enough support to...
Friday’s candle confirmed a continuation of the uptrend with a break and close above the previous high. Record highs are consistently being made in the S&P 500, and we could go on to see a trend lasting the rest of the year. The current trend is using the 20 and 50 simple moving averages as support. The most recent pullback came down and bounced off the 20 simple...
A potential bearish crab pattern might form up on GBPUSD. 1.3930-1.3917. Trend following traders can wait for the market to consolidate between 1.3930-1.3917 for a buying opportunity.
We could see price break out above the major resistance level of 1.40 after further consolidation in the ascending triangle.
This JSE:IMP bounce on the 50EMA has the potential to be a 1:3 risk to reward swing trade.
I would like to see JSE:ARI break above the resistance level. TVC:GOLD is currently trading above the 200EMA, hopefully that can hep push JSE:ARI prices higher. If the breakout happens, I will buy at market close, with a stop level 2*ATR from the 50EMA. No target, the trend may persist. Will close the position if price close below 50EMA.
Upward momentum on lower time frames is weakening while downward momentum seems to stay at consistent levels. Been seeing lots of “normies” pushi by doge without any analysis so be careful of paper hands on the pumps. Personally watching where price goes for a trade for today above purple and salmon lines, or below the blue support line on 30m timeframe.