About meProfessional equity/crypto trader.
Passionate about charts and technical analysis.
Focus mainly on U.S. equity trading, Canadian mining stocks investing and BTC-ETH.
I give you swing trade ideas on a weekly basis.
This is Alibaba daily chart.
Price currently just below 0.618 Fibonacci retracement level from October low to January high.
Possible inverted head and shoulders to consider as well.
RSI in the lows.
There are a few gaps that could be filled. so I see 77-82 as a potential buying zone for a long term investment into this Chinese beaten down stock OR a...
INTEL stock has been decimated the last few months, due to growing competition, decelerating revenue and decrease of dividend.
Is it dead though?
Here is what the chart is saying:
Big downtrend since April 2021. On October 2022, the stock has started a consolidation/base in form of a range between 24.90 and 30.85.
This range could be a bottom formation ....
SE (Sea Limited)
Being 85% off its all time high, SE is trying to form a bottom here.
The pattern I see on the 4h and daily chart is an inverted head and shoulders . It's a reversal pattern.
Inverted head and shoulders (like head and shoulders) are only confirmed once the neckline is broken.
The neckline is between 62.45 and 63.95 so I would consider a long...
Take the weekly chart, connect the lows since 2009 and you get a nice trend line .
Price seems to react to this area so the risk reward is quiet good here for a long swing trade .
The trend line is your support.
16 is your stop.
I'm targeting 19.40 and 20.71, then we reevaluate.
For those who want to invest for the long term, PARA offers a...
KHC (Kraft Heinz):
I like the risk vs reward on the daily chart as it broke the neckline of an inverted head and shoulders and has just come to retest the breakout spot.
Good enough for a long swing trade for me. Target of the inverted head and shoulders is in the 45 zone.
If you look at the weekly chart, you'll see a nice rectangle range between...
Stock in a downtrend since January 2021.
If you connect the highs you get this trend line .
Watch for RUN to break this line for a potential run to 37.65. Next targets are 50 and 58.9
DK (Delek US holdings)
Nice risk reward here on $DK for a swing long. A few reasons I like it:
-with T D sequential reversal 9 daily ,
- support of 200ema,
-and RSI at the lows.
I will wait until the end of the trading session today and see where it goes before entering a small swing.
EDU ( Chinese stock ):
I'm bullish Chinese stocks in general but I really do like the look of EDU.
A few reasons to keep a good look on EDU:
- price is now above all the moving averages on the daily chart;
- price is getting back above the Ichimoku cloud;
- there is a huge gap between $29.70 and $57.34;
- the weekly chart chart has the look of an inverted...
TAL (Chinese Stock) :
I'm bullish Chinese stocks in general but I really do like the look of TAL, which looks very similar to EDU.
A few reasons to keep a good look on TAL:
- price is slowly getting back above the Ichimoku cloud;
- there is a huge gap between $9.68 and $17.36;
- the weekly chart chart has the look of an inverted head and shoulders...
BNTX (BioNTech) Healthcare sector
German company. Produce the BioNTech biotechnology. Partnership with Pfizer.
Nice long bottoming base since March.
Triple bottom .
It looks like a rectangle pattern .
All moving averages turning up .
A move above the blue zone (>195) could take it to 248 and maybe more.
I'm long with a stop at 165.
HD ( HOME DEPOT ):
Consumer Cyclical - Home Improvement Retail.
Home Depot is included in the Down Jones Industrial Average.
My technical analysis on the stock:
The current downtrend took the stock 37% of its all time high of January 2022.
On June 23, HD initiated a strong bounce to $333 off the $265 level.
On August 17, HD initiated a huge drop back to 265,...
Michael Burry has bought more shares of this REIT so I thought I'd give a look at the chart for those who want to follow him.
What the chart is saying:
Big downtrend since May 2017. In May 2021, the stock has started a consolidation/base in form of a range between 5.5 and 9.54.
This range could be a bottom formation.
Note that bottoming pattern takes...
Let's look at the weekly chart for GOLD. For that it's important to analyse all technical aspects and keep an open mind.
Long term investors will see 2 major patterns here:
1. a major kind of rising wedge (red lines): price is evolving between the 2 red lines since 2008, forming a rising wedge when you connect the highs and lows. What does it mean from a...
NFLX has lost 76% from its November highs to its July lows.
Looking at the chart from a purely technical point of view, here is what I see:
- the stock has not retraced much of its down move. A 0.382 retrace would be at $366 and a 0.5 retrace would be at $428.
- There's a huge gap between $331 and $249/250. If we were to fill the gap, the target would be $331....
What a beautiful and clean inverse head and shoulders on ABNB.
Technically we just broke the neckline (dotted line), if we close above it today, the pattern will be confirmed with a target between $153 and $161.
This one is a bit tricky though as there are some resistances ahead:
-The horizontal resistance at 130
-The down trend line connecting all the...
TTM (Tata Motors), Indian conglomerate.
TTM in a clear downtrend. However, reversal or attempt for reversal has to start somewhere.
Some positives signs:
TTM is now sitting on a huge support which is the upper line of the downtrend channel and a historical horizontal line at $24.27.
The downtrend channel was broken, which is a positive sign for the bulls,...
INT C at big support .
RSI oversold on every time frames, even monthly!
This is monthly chart.
Good risk reward for a long swing trade with a stop right below the red line. A bounce to 33.76 is possible.
If goes down, not much to lose here...
Nice rectangle pattern with prices ranging 30 and 40.
Rectangle can be either continuation or bottoming/reversal patterns.
Now trying to break the top of the rectangle . Price also above EMA 50 which is positive.
A firm break of 40 would trigger a long trade to 54, with numerous resistances on the way, including a gap (see lines on the...