Welcome, don´t really know if I would call it a rally or a bounce but I do think we have some upside here, this is why:
1. after those two wicks stopped out and liquidated people left and right, price still closed well above the bottom of the bullish orderblock - the demand has not yet depleted
2. we have a swing failure pattern on a 4 hour chart: whenever that...
Good morning traders, one quick update on the CADJPY pair..
We see the Canadian dollar against the yen in a strong bullish activity, so despite current weakness even more upside may be seen above the 82.44 high, as we are regarding current drop as a correction. It can be wave iv, with possible support/bullish turn around the 81.7/81.6 region.
Big boost after our crazy friday markets. /GC coming with moment to upside and broke our 13d ema line. Could see a solid push up into the supply zone around 1544. Good play on GLD or if miners dont lag GDX and GDXJ. Could see a gap up on futures sunday night witb a clearer direction on week ahead.
PEP has breached the resistance highs to move slightly up to a new all-time high. PEP is one of the few Index Components that has a new high at the end of August. PEP must now hold on to these gains and not slip back down into the Trading Range. Early September price action will define whether this breakout holds.
Hi guys here few thoughts about NEO.
Its closing in a triangle formation, and it tested main black downtrend line that has holded for now.
Now we have upside objectives here as we touched support here, I think that we shoud break upside if BTC manage to hold 10k-11k, and we have plenty of space for nice profit aal the way to 20$
If we brake triangle downside...
Election time come 2020 will decide the sustainability of the markets momentum
a recent pullback seem to have been opportunity for some folks to upsize
short sellers await a SPIKE or abrupt EXHAUSTION as sign of resetting back to 3k levels
GS continues to struggle to break out to the upside from its trading range, which started after a High Frequency Trader gap up last January. There is Buyback activity as well as Dark Pool Quiet Rotation™, and those Buybacks are holding the stock in this range.
Alphabet has historically always traded in-line with the other FAANG stocks. The MA has been growing without any stops given the high growth in the company.
The company is currently under-valued and will reverse to the mean. 10-20% up-side potential
Look like NEO is forming ascending triangle on the 30 minutes chart and it's usually bullish in upwards trending markets. The volume is declining, that means probably a breakout is coming. The target calculated by taking the height of the triangle, at its thickest point, and adding that to the breakout point. So the target is 21$. This target meets with previous...
What can be said? higher highs and higher lows. Bond alternative and focused in the residential REIT market. Renting is a bigger market than ever in Canada with record house prices and stale wage growth. The dividend is pretty competitive. Lots of upside to come, especially with Canadian rates to come down. I will hold and reflect on the price in the fall. Buy...
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