AMD - Trading opportunity is almost there!Hello Traders and Investors, today I will take a look at AMD .
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Explanation of my video analysis:
The stock chart of Advanced Micro Devices (AMD) is looking quite interesting at the moment: A couple of months ago AMD broke out of a major symmetrical triangle formation, creating another rally of roughly +100%. But at the moment AMD also already corrected roughly -40% and is approaching a major confluence of support at the $125 level from which we could see another bullish reversal and rally.
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Keep your long term vision,
Philip (BasicTrading)
Triangle
TRIVENI ENGINEERING - STRONG TECHNICALLYTRIVENI ENGINEERING
The stock has a good history of technical breakouts making it to go up almost 300% twice and now being currently in the rise, there is good opportunity right now as it's being alongside at the support and breaking out of a channel consolidation too presenting a favorable entry with STOPLOSS below the support levels which would be around 15% which might sound too much but the stock has all the potential to go up to the TARGETS anywhere between 40-50% on the upside or least of 20% which is still a good catch so do consider adding this in your watchlist and plan the trade accordingly.
Meta Platforms - Watch the earnings!Hello Traders and Investors, today I will take a look at Meta Platforms.
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Explanation of my video analysis:
For more than five years Meta Platforms has been trading in a reverse symmetrical triangle formation. We saw the last retest of support back in the end of 2022 which was followed by a decent rally of +450% towards the upside. At the moment Meta Platforms is retesting the upper resistance of the triangle formation so it is quite likely that we will see at least a short term rejection towards the downside.
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Keep your long term vision,
Philip (BasicTrading)
XRP - 90% Probability trade!Hello Traders and Investors, today I will take a look at XRP.
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Explanation of my video analysis:
In 2017 XRP created a major triangle breakout and rallied more than +35.000% towards the upside. Since the beginning of 2018 XRP has once again been creating a triangle formation and is about to retest the lower support of the pattern which is perfectly lining up with a horizontal structure, creating a confluence of support at the $0.48 level. If we do get bullish confirmation, a bullish rejection is very likely to happen.
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Keep your long term vision,
Philip (BasicTrading)
Dow JonesCheck the video for detailed analysis. Levels are below.
Pattern : Support/Resistance, triangle.
Range : Medium.
Trend strength : Normal.
Buy Above : 39060.
Stop Loss : 39000.
Targets : 39120, 39200, 39320 and 39400.
Sell below : 38900.
Stop Loss : 38980.
Targets : 38820 ,38760 and 38680.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Tesla - Triangle and -33% drop!Hello Traders and Investors, today I will take a look at Tesla .
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Explanation of my video analysis:
With Tesla stock breaking above previous resistance in 2019 and coming back to retest it in 2020, this stock then took off and created one of the most insane rallies which I have ever seen. At the moment though, Tesla is consolidating in a descending triangle formation and there is a high chance that Tesla will again come back to retest the lower support at $110 for a third time.
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Keep your long term vision,
Philip (BasicTrading)
Alibaba - Trading opportunity is finally there!Hello Traders and Investors, today I will take a look at Alibaba .
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Explanation of my video analysis:
Almost a decade ago Alibaba stock retested a strong support at the psychological $60 level and reversed significantly towards the upside. Just a couple of months ago Alibaba stock once again retested this support and created an anticipated reversal. If Alibaba stock actually manages to break above the current resistance trendline, we could maybe see a similar rally like we saw in 2015 and the following years.
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Keep your long term vision,
Philip (BasicTrading)
Dogecoin - Is a 20.000% rally realistic?Hello Traders and Investors, today I will take a look at Dogecoin .
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Explanation of my video analysis:
In 2020 Dogecoin already created a symmetrical triangle breakout which was followed by a +20.000% rally towards the upside. Then we saw the top in 2021 and Dogecoin once again entered into a triangle consolidation phase. We already saw the bullish breakout of this triangle and if we measure the potential price target, the next bullrun could bring us all the way up to $20.
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Keep your long term vision,
Philip (BasicTrading)
Eris Lifesciences Triangle Pattern Taking a look at the weekly chart of Eris Lifesciences, I've noticed something interesting. It's been testing the 830-850 levels for some time , and recently managed to break through. Now, it's forming a triangular pattern around that price. This setup seems promising to trade. I suggest setting a stop loss of around 4%-10%, with potential targets ranging from anywhere between 20% to 40%.
Bitcoin - The halving breakout!Hello Traders and Investors, today I will take a look at Bitcoin.
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Explanation of my video analysis:
On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending trendline - always rejecting towards the upside - and there is also a horizontal structure at the $67.000 level. Just don't get caught up in the short term moves.
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Keep your long term vision,
Philip (BasicTrading)
"Summit Securities: Potential Entry Opportunity"Summit Securities has confidently surpassed its previous decline levels and is currently consolidating around that price. It appears to have broken out and is now undergoing a retracement phase. This presents an ideal opportunity to enter, with the potential to capture gains ranging between 20% to 40%, while managing a risk of approximately 5% to 7%.
DLINK INDIA STOCK ANALYSIS"D-Link India has recently shown a promising breakout candle, indicating a favorable area for accumulation Previously, D-Link India formed a triangle pattern, resulting in a significant 30% move. Currently, it's consolidating well from that point, presenting a great opportunity."
Gold - Trading the breakout!Hello Traders and Investors, today I will take a look at Amazon.
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Explanation of my video analysis:
Just three months ago Gold broke out of a very long term ascending triangle formation - similar to the triangle formation which we saw back in 2019. So far Gold is just creating the expected continuation higher and you can definitely close out partials at the current $2350 level. If you are not in a trade yet, it would be best to wait for a retest of the breakout level and bullish confirmation.
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Keep your long term vision,
Philip (BasicTrading)
Binance Coin - A 10.000% TriangleHello Traders and Investors, today I will take a look at Binance Coin.
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Explanation of my video analysis:
After the beautiful break and retest on Binance Coin back in 2020, we saw an insane rally of roughly +10.000% towards the uspide. Then BNB topped out in the beginning of 2021 and created a descending triangle formation. We saw a bullish breakout on Binance Coin just four months ago and maybe we can even see a similar move of 10.000% towards the upside from here.
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Keep your long term vision,
Philip (BasicTrading)
Alphabet (Google) - 330% Rally ahead!Hello Traders and Investors, today I will take a look at Alphabet.
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Explanation of my video analysis:
About 8 years ago Alphabet stock created the first retest and rejection of the long term ascending bullish trendline. Then we had a lot of retests of this trendline, the last one being in the beginning of 2023 and this retest was followed by another decent bullish rejection. Last month Alphabet stock broke out of an ascending triangle formation and is now just very very bullish.
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Keep your long term vision,
Philip (BasicTrading)
AMD - Correction And LongsHello Traders, welcome to today's analysis of AMD.
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Explanation of my video analysis:
After the massive triangle breakout on AMD in 2016, we saw a rally of more than +7.000% towards the upside. After the recent bear market in December of 2021, where AMD perfectly retested previous structure, we saw another rally of +250%. I am now waiting for a retest of the triangle breakout level mentioned in the analysis and then I will look for even more long setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Adobe - Pretty clear trading setup!Hello Traders and Investors, in this video I will take a quick look at Adobe.
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Explanation of my video analysis:
Back in 2012 we saw a major symmerical triangle breakout on Adobe stock which was followed by an unbelievable rally of +2.000% towards the upside. Over the past 6 years, Adobe stock has once again formed a triangle formation and just rejected the upper resistance level. If Adobe stock retest the next horizontal support towards the downside, we could already see a bullish reversal there.
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Keep your long term vision,
Philip (BasicTrading)
AMD - Finally a correction?Hello Traders and Investors, today I will take a look at AMD .
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Explanation of my video analysis:
Back in 2022 AMD perfectly retested the previous all time high which was turned support after AMD stock broke it towards the upside in 2020. Furthermore AMD stock also created a bullish symmetrical triangle formation and already broke out towards the upside. More often than not we will see a retest of the breakout level, potentially bullish confirmation and then the continuation towards the upside.
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Keep your long term vision,
Philip (BasicTrading)
Bitcoin - How To Trade AprilHello Traders, welcome to today's analysis of Bitcoin.
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Explanation of my video analysis:
Last month Bitcoin finally broke above and also closed above the previous all time high which was roughly at the $60.000 level. Considering that Bitcoin is in a massively bullish market, we could just see more continuation towards the upside. But if we get a retest of the breakout level mentioned in the analysis, you can look for long setups if you are not long on Bitcoin yet.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
XRP - 500x Your MoneyHello Traders, welcome to today's analysis of XRP.
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Explanation of my video analysis:
In 2017 XRP created a massive triangle breakout which was followed by a +50.000% rally towards the upside. This rally then ended in 2018 and XRP has been trading sideways ever since. However there is once again a triangle formation and XRP is about to break out, which could then lead to a similar rally compared to the breakout rally we saw back in 2017.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.