Most people assume layoffs are going to drive the price of the stock down. NOPE, general consensus on the professional side is the sooner layoffs begin, the faster the company can recover from declining revenues and earnings, and reinvent. META is a stock in a sub-industry that has few members, hence it is used in many ETFs and mutual funds due to that rare...
See chart. Should be self-explaining. If you have any questions don't hesitate to use the comments down here ...
As you're seeing on this chart - made my 2nd long entry. The first order didn't get filled. I've decided now, that the 38's % fibo retracement seem to give enough support. Would be better if the price has been touching the broken trendline below, but this setup may also work. Let's see. Good trades, folks!
See chart image. Buying the re-test of the broken trendline.
ITC has given a weekly closing above its supply zone of 260-265 after 3 years also breaking its previous 52 week high with very heavy volumes. From the chart, it is clearly visible it is an inverted head and shoulder pattern and stock has given closing above its neckline. Let's see whether it sustains the breakout and bring happy faces on many investors' face;)
See chart image. Entered long here. A little bit too late but it seems like it works so far. If you've got questions feel free to use the comment section here. Good trades, folks!
CMP 80.05 | Strong Momentum | Increasing profits every quarter for the past 2 quarters | FII / FPI or Institutions increasing their shareholding | New 52 week high *Not recommendation Multi-product company manufacturing CR tubes, cold rolled formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components, and road safety systems
The chart should be self-explaining. Let's see if the order gets filled in the next weeks. Good trades, folks!
Here on the weekly we can see price action has overcome the weekly 200ma(in blue) and is about to test the resistance of the weekly 50ma (in orange) it will need to overcome the 50ma to reach the full breakout target, so I’ll be keeping a close eye on how it interacts with the moving average. Most importantly is that it closes the weekly above the wedge as well as...
We can see here on the weekly chart that GRT (aka The Graph) has broken up from its descending channel and price action is currently very close to the descending channel’s breakout target. Much like many other crypto assets at the moment, we can also see that that descending channel has a large flag pole attached to it as well forming a bear flag. While the...
CMP 142 | New 52 Week High | Good quarterly growth in the recent results | High volume gain | Bullish indicators | Increasing Revenue every quarter for the past 2 quarters Iron & Steel Product line of the company includes Large Diameter Pipes, Line Pipes, Ductile Iron (DI) Pipes, seamless tubes etc *Not recommendation
CMP 483.55 | New 52 Week High | Good quarterly growth in the recent results | High volume gain | Bullish indicators Auto Ancillaries - Gears Manufacturer of steering & suspension systems for every segment of automobile industry, viz Passenger cars, Multi utility vehicles, Light commercial vehicles, Heavy commercial vehicles and Farm tractors *Not recommendation
Quant has been hitting multiple double bottom breakout targets in a row on the daily time frame (not shown here) which has taken price action up and above a channel (in red) that I have also been watching on the daily chart. It was after I noticed Gala appeared to be breaking up from a bear flag on its weekly chart that made me decide to flip my qnt chart to the...
We can see here on the weekly char that Gala is in a bear flag with a very long pole. We can also see that the flag is the shape of a descending channel, a pattern that tends to break upward. When we see a descending channel as a bearish flag it is usually an indication that bears are starting to lose steam.,,,how much steam they are losing will determine whether...
On Wednesday, TMUS reports its quarterly earnings. The last earnings report saw a gap on the surprise earnings, but overall the price did not do much. TMUS's price has remained rangebound between the high and low of the previous earnings week. Looking at the earnings estimate, analysts are predicting an increase in earnings from the prior quarter and the same...
I'm feeling dramatic tonight... Double top and we are at weekly RSI resistance... target 337... that would take it just about to the top, right before the covid crash… Little known fact - in the dot com bubble recession, 55 RSI was resistance for the entire recession on the weekly chart…. We are currently at 55 and that has been the resistance since last...