I'd like to share my thoughts about the current situation on MOEX:RTSI Index as a major stock indicator on the Russian Market. Since 2008 RTS moved under the strong resistance line and was lucky built a support line. Into this triangle we were moving more than 10 years and finally at the beginning of 2019, we broke the resistance line and shown the power to move...
Brent recently has reached a strong support line near 57. As in the last time I expect to see a reversal pattern and we can seize this moment!
Risk Reward ratio is 2.4
We have a good upper channel and price at the bottom of this channel. There is a possibility for controlled and technical properly trade.
Buy around 91.44
Sell around 97.20.
Risk/Reward Ratio 2.94
Hi! According to the rules of building the descending triangle, our next stop is a wide part of this triangle. It's accurate around 6900-6300 USD. Also here is a support line from the start of this movement in April. Also here is strong resistance line around 6000 USD from last year.
What do we have here in summary? All roads going to this next target 6900-6300....
Since 2016 we have been watching at the forming of the global triangle. Now the price is ready to show a quit from it. Try to seize this moment and catch it!
Target above 67.2 is 74.1, stop 65.1 (Risk/Reward Ratio - 2.75)
Target below 63 is 59.2, stop (Risk/Reward Ratio - 1.41).
Hello guys! Here we analyze BINANCE:BNBUSDT according to the Elliot waves. It is the simple wave, that including 5 waves of lower waves level. The final target before the huge correction is situated near $45.
-Techical analysis: BULL
-Fundamental analysis: summary - BULL
1. 15 July Binance will burn BNB tokens.
2. Soon will be new project on...
My previous recommendation worked ideal. Now we see that NYSE:LMT recently buyers has broken resistance line and now skyrocket testing previous high around 362.
1. BUY 349.60
2. SELL 362
3. SL 343.
I expect at least 40% of growing on BITFINEX:TRXBTC instrument. Because was bounce from the support line 0.00000330 BTC and regrading of the descending triangle we can expect touching of the resistance line above.
My recommendation BUY 0.00000445 BTC
Today we gonna look at the pharmaceutical company, as a potential new giant trend on the stock market. NASDAQ:BMRN laying on the strong support line near $87.87 and can move up suddenly. My recommendation:
1. Buy now around 87.87
2. Take profit: 109.45
3. SL: 78.68
Risk/Reward - 2.39, potential profit - 24,6%
Look at this chart historically. In the falling of 2012-2013, and 2015-2016 you can see regularities. First of all, the price always back at the support line continuing from 2008 (green support line), secondly MA50 always goes down after previous peak at lest 1 year (look at this chart). I expect either long flat to $152 or strong move down to $145. Anyway, we...
Hello everyone! As you can see MOEX:VTBR we are on the home stretch of declining. Here is two buying opportunity: first - on the bottom near 0.0314 RUB, second - on the breakout of very important level 0.041 RUB. Market will show us which one of them will chosen by crowd.