Hello investors and traders, Warren Buffett famously said, "Be fearful when others are greedy and greedy when others are fearful." I have seen this quote everywhere on social media last few days/week. Retailer investors are being so GREEDY right now and buying stocks because it is cheap...This tells me we are nowhere near the bottom. Learning from bitcoin,...
Good morning, I want to show you an important trading indicator today and it is the 200 moving average low on the monthly. (currently at 4885) This indicator acted as major support during the GFC (Nov 2008, Mar 2009) and we tested this level last Friday and bounced strongly..... I will wait and watch the monthly close to see if this is an excellent buying...
We can see a reversal candle yesterday and a bullish engulfing candle today. Furthermore, strong support/bounce off the 200 MA on the daily. Also, TD sequential is showing a red 9 signaling a potential short term bottom. I entered a small position this morning. Stop loss below the 200 MA. (Red line)
ABCD correction of doom. I will be looking to enter a SHORT position at the upper trend-line channel resistance between FEB-APRIL 2020. Why FEB-APRIL 2020? The duration to get from A-C gives us the answer.... If: A to C = 0.618 (2,191 days) then: B to D = 1.272 (4,509 days) The above calculation gives us D's position on approx. - 9 March 2020
Good Evening, investors and traders, the Asx200 $XJO went lower again due to market uncertainty with the coronavirus. Last week, I said if we breach the 50 moving average, the first level of support is around 6300-6400. The market went straight down to 6259.9 on Monday and traded sideways between 6259-6500 for a few days and eventually making a new low of 6216 at...
6000 is the next level of support, if not we head straight into a bear market to 5400, which i think is a lower probability!
Fisher & Paykel Healthcare Corporation ($FPH) is a manufacturer, designer and marketer of products and systems for use in " respiratory care " . According to CDC, Corona Virus symptoms includes severe respiratory illness with symptoms of fever, cough, and shortness of breath. www.cdc.gov The stock is still on an uptrend and likely to continue due to Corona Virus.
Spark New Zealand is holding up very well after last week market downturn. We can see Spark New Zealand still above all three rising moving averages at the current time of this post. Technical indicators are showing a strong possibility sell volume are near the end and buyers are coming back in to take control. However, the RSI turned back down today,...
The retracement that I was waiting for came this week and we went down fast and hard. This has made me more bearish than before in the short term. We could see an "exit pump" in the next few trading sessions by big investors/institutions and have the price level jump back toward the 20 moving average before going down further like the past. Therefore, for me...
Is this a dead cat bounce or is the bottom in for Treasury Wine $TWE ? I went long this morning for a short term trade because I like the risk to reward here. We continue to hold if we can break the box area with good price action and volume. TD sequential is showing a TD 9, MACD signals a buy and DMI is showing bears are running run of energy.
The Index fell more than -2% in yesterday's opening trades and took out three support price level as predicted before closing above 6837.00. Today's session is expected to take another dive in the opening trades to around 6752.40 and 6711.00. 6711.00 is a critical price level which could determine the next level of this sell-off, if it fails then we could see...
The Index is expected to fall more than -2% in today's opening trades following the sell-off in the Europen and the US trading session. The Index fell and close -2.25% in yesterday's session and suffered one of the worst trading sessions in months. The continuous spread of coronavirus spooked investors and created a mass exit into safe-haven assets which could...
short! XJO. big 10 year trend vs small 4wk trend (way too steep to hold). short short - will plummet follow break of 7135. down to 7060 then review, for full drop to purple resistance line!
The stock is trading below all three moving averages and below the trendline. Technical indicators are showing bears is still in control. We are very likely to break that critical support line (yellow line) when we do, more downside to come. I will not be holding this stock right now.
I am expecting an ABC correction in XJO in the short term. I think we are about to see the start of a C wave this week unless we can break that trend line. MACD indicates a " sell " signal. At this stage, I am still bullish in mid to long term as long as we can STAY above or inside the triangle + above the 50 MA.
Broke out of the trendline. Technical indicators are looking good. I would look to buy more if we can break out of the resistance line (red line) Currently holding this stock.
It's a buy for me if $PME can close above the yellow line and above the 200 ma (red line). Thus, the resistance will turn to support with three moving averages acting as support too. There is a trendline at the bottom of the wicks which acting as support too. Technical indicators are turning bullish. Worth adding to your alerts and shortlist.
Is there one more leg up? Let's wait and see.