De_Banis

De_Banis

Microsoft, technology services giant, is making a perfect long entry possibility on its weekly chart. What to have on mind when watching the stock: 1. On Daily time frame, we had a perfect 50EMA retest. Stock managed to retake it and to even break above the smaller moving averages, the 10 and 21EMA. 2. This time frame is giving us a broad stop loss opportunity,...

De_Banis Updated 

After rough couple of days of stock and major indices decline, we are seeing some buying power coming in to the markets. DuoLingo, a platform made for learning languages with million of users worldwide, is forming a Cup and Handle, which once broken could bring good price rise. What to watch: 1. Stock is regaining it's 50 day exponential moving average. Huge...

De_Banis Updated 

Celsius Holding with ticker CELH is looking good in my opinion. This non alcoholic beverage company is ranking as the 2nd best company in this sector, Coca Cola is number 1. When we compare those two stocks, KO has a market cap of $260 billion and CELH has a market cap of just $15.64 billion. The chart is looking pitch perfect, just like the financial data of...

De_Banis

Today, I am looking at American fashion company, Ralph Lauren Corp. with ticker #RL. It has been growing steadily for quite some time now, and it looks like it doesn't plan on stopping. Though fundamentals of the company seem pretty good, I will not be going through them, I will only focus on technical analysis here, as I always do. What am I looking at? 1....

De_Banis

Today, I am looking at Archrock Inc, with ticker AROC, for a possible upside potential. Archrock has been doing some amazing job recently, and it's seen a growth of 200% in EPS in Q4 of 2023. The company, had an average growth of earning of 115% in past three quarters, and despite gas prices falling, this company is performing well. Where I am planning on...

De_Banis Updated 

Currently, my eyes are focused on couple of stocks with good potential and positive fundamentals following them. The one I am watching for quite some time now is JPM, JP Morgan, one the biggest US banks. JPM with $3.7 trillion in assets at this moment, is the largest US bank, and it has a full 16.3% of the total assets held by all the US commercial banks. This...

De_Banis Updated 

Datadog, software company, after posting good results from end of November is finally becoming a nice bull run prospect for me. What will I be looking at: 1. On Daily time frame, I see a huge Cup and Handle formation , 155 days long to be honest, and it's just making it's Handle break. So entry point for me would be tomorrow's price most likely since the...

De_Banis

Though this might be a risky play, since SPT is posting results in couple of days, I love what the charts are telling me at the moment. This Chicago based firm provides social media management software for businesses. Sprout Social has recently targeted larger companies for partnering, establishing a nice contract with Salesforce. What am I looking now: 1....

De_Banis Updated 

Freshworks, ticker FRSH, is looking good for buying at the moment. This IT services and customer resource management software company, reported it's first operating profit quarter since becoming a publicly traded company. It competes with giants such as Salesforce(CRM) and ServiceNow(NOW) What to consider? 1. Stock has already jumped from the smaller Cup and...

De_Banis Updated 

Oracle , a Texas based software and cloud giant is making a good possible buy opportunity. What to watch? 1. Weekly chart is showing some healthy pullback to it's previous highs sitting at around $103.73-106.56 price level. 2. When you take the Fibonacci tool and place it on the bottom of the chart which crossed the 200EMA , colored black, and take it to the...

De_Banis Updated 

L'oreal, a French cosmetic giant is forming a possible buy position for investors. What am I looking at? 1. I am seeing forming of a Cup and Handle formation on a weekly time frame, which looks very nice. 2. Next important thing to consider, the price of the stock regained 50MA on weekly time frame , which is considered a nice bullish move and a chance to "get...

De_Banis

Nvidia stock, though being of the leaders in the chip and AI markets, is making a strong possible short opportunity. When we look at the Weekly chart, we see a nice Head and Shoulders formation in the making. Points to consider if taking this opportunity: 1. I will be waiting for NVDA to drop below $400 mark, to be more precise, $398. I need this down pump for...

De_Banis Updated 

Hyatt Hotels Corporation, ticker H, has bounced of it's support level sitting at just $106.6 and it's moving up. I love buying stocks which bounce from it's previous supports, especially when this support is acting as it's previous high. Things to consider with this trade idea: 1. My Stop Loss will be placed below the support line, around $103.45 level, this...

De_Banis Updated 

I am currently watching Swiss shoe maker company called On Holding AG, ticker ONON. The price action of the stock is forming one of my favorite patterns, Cup with Handle. Things to consider: 1. My first buy point is sitting just below current price level, at $33.67 price. 2. Once I enter this position, my stop loss will be set at $30.30 level, just below 50MA....

De_Banis Updated 

While market was overreacting from the Fitch downgrade of the USA, traders did what they do best, they traded and analyzed. After a short holiday, I am back with monitoring markets and checking for some nice profit making possibilities. Therefore, I found a good play in making, Samsara Inc., ticker IOT. Things to consider when looking into this new tech stock...

De_Banis Updated 

I noticed a Cup and Handle pattern forming on Cisco Systems - ticker CSCO, on the daily level. What will be my entry points and what are the things to consider: 1. My entry would most likely occur today, 19th of July, since I think that the stock will break from smaller moving averages once the market opens. Those moving averages are 10 and 20, my entry price is...

De_Banis

Despite majority of my analysis are in stocks, I am a forex and commodities trader as well. Gold is one of the assets I love trading the most, an asset that has been very good to me in the past. What am I watching at this moment? My approach to trading Gold is something like a swing trading approach, with lots of scaling in to a position. I am usually looking...

De_Banis

Though I already took this position last week, I forgot to share it with all of you here. But don't worry, the play is still active. What we had as a signal on the Alamos Gold or AGI ticker, is a play I adore to follow up with. We have a bounce out of previous high, which is sitting at 38.2% Fib level and it is currently breaking above the 50MA on the daily time...