LQQ offers 2x leveraged exposure to Nasdaq 100 index. After 2 years of bull run, we might have the opportunity to buy at very attractive prices this year in case of a further correction. My plan is to buy the lows and take some profit after each bounce : - Target 1 matches with early 2021 resistance & support located between 13700 and 14000 - Target 2 matches...
Multi-year megaphone pattern since early 2017. Bullish shark in demand zone. MACD is looking to cross up, fisher transform showing bull divergence. The volume is screaming capitulation. P/E ratio of 8 is appetizing Will be targeting B @ 37
Descending wedge and bullish RSI divergence. Reporting is coming, this might explode if there is even a small spark of positivity.
ST Micro Electrics - Short Term - We look to Sell at 38.030 (stop at 39.300) Further downside is expected and we prefer to set shorts in early trade. Trades with a bearish descending triangle formation. Previous support located at 38.50. The trend of lower highs is located at 41.00. A break of 38.00 is needed to confirm follow through negative momentum. Our...
Koninklike Ahold Delhaize - Short Term - We look to Sell at 28.08 (stop at 28.95) We look to sell rallies. Previous support at 28.00 now becomes resistance. 20 1day EMA is at 28.55. Expect trading to remain mixed and volatile. The medium term bias remains bearish. Our profit targets will be 25.68 and 24.66 Resistance: 28.00 / 29.00 / 31.00 Support: ...
Hello Traders, Prosus act as a Fund which is holding around 28% of TENCENT shares + some other interesting businesses (like e-commerce, food delivery, Payment systems, Elearning platforms) ... For long term hodling this could be interesting pick. But is the Price correct right now or should we wait with Buy orders ? CHart should show it all. We can see...
A few important notes here: We failed to sustain 3500 thus far after 2 breaks above trend and about 10 tests total of the trend in the new year. We haven't retested the low of 3400 which was only tested once/twice since the new year. If you look at what the RSI is telling us about local momentum, we'll see more downside UNLESS we can pull off a 3500 retest, which...
A few important notes here: We failed to sustain 3500 thus far after 2 breaks above trend and about 10 tests total of the trend in the new year. We haven't retested the low of 3400 which was only tested once/twice since the new year. If you look at what the RSI is telling us about local momentum, we'll see more downside UNLESS we can pull off a 3500 retest, which...
Euronav - Short Term - We look to Sell at 9.51 (stop at 9.91) Previous resistance located at 9.50. We are approaching the medium term resistance and look to set shorts on an approach to this level. A lower correction is expected. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our profit targets will be 8.29 and 7.20...
The long term consensus for EURONEXT:MC is still bullish . In this bullish context , it has formed a flag pattern on the daily chart which is a continuation pattern looking to be confirmed by a breakout . If this pattern is confirmed by a significant breakout and a close above the upper line , then the price would have a high probability to continue upwards...
Cup and handle already got confirmation. RSI is ready to go TP : 51.24 SL : Follow trend line
Already got confirmatition for cup & handle formation. RSI is suitable. TP 3.10 SL Follow the trend line or 2.00
Solutions 30 - Short Term - We look to Buy a break of 7.49 (stop at 7.18) Trading within the Channel formation. Bespoke resistance is located at 7.20. A move through bespoke resistance at 7.20 and we look for extended gains. 20 1day EMA is at 6.92. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 7.20, which...
ORA : a mon avis ORA va augmanter donc l'achat est tres favorable.
Following the sharp decline (-30.85 %), since the ATH @ EUR 1678.00 reached on December 1st, 2021, the price action triggered an HAMMER (reversal pattern) coupled with a RSI BULLISH DIVERGENCE, which is a first positive signal calling for a trend reversal towards higher levels. Important to also note that a potential DOUBLE BOTTOM is in progress (first bottom...
Daily movement of the FTI-future compared to 5-day and 21 day reference lines, split in top-down and bottom-up view. Enjoy.