Long position Snap:
After technical rebound from NDX, Snap broke through 38 and 20 moving average. Finally bounced of from 50 SMA.
Supports around 56 $, 51 $ and 48 $
Resistance at 64 $
Trade setups for LULU Long:
Stoploss by 323$, 200 SMA (very important support zone)
Take profit min: 357 $
Take profit mid: 367 $
take profit max: 388 $
Bull put spread (long strategy, expect moderate rise in underlying asset)
Long leg: 320 $
Short leg: 300 $
Expiry time: two weaks (best case close 12 th February)
Bullish scenario USD / weak market ahead:
This long-term chart shows a 12 % correction after double top pattern that goes hand in hand with the FED monetary.
A weak dollar is always bullish for the stock market, because companies US goods cost less then imported producs. On the other side, if the US-Dollar gets stronger, EU-Companies wont buy that much producs...
1999-2000 and 2020-2021 compared:
No, I dont want to wright that the next crash is coming and we are all dead. I just want you to have look in these charts and- let it work on you.
Last days, SPX was trending above the trendline. We are currently seeing high volatility that is usually associated with fear.
I deliberately don't want to talk about WSB and the...
So whats next on this top?
In the past at Dezember 2018 and February 2020 we saw big drops from the top. And now, there we are in the same situation:
1. RSI is tremendously overbought
2. MACD is flying whide above 1 so its also an overbought signal.
3. There is convergence between these indciators around draw downs 2018 and 2020.
And as if that wasnt enough...
Here is an easy ta for NVDA long:
Guys, watch this example of pennant pattern. Dont kill me if I see it wrong (I always confound the flag pattern with pennant pattern) but typical markers for this chart pattern exist:
1. Converging trendlines: Compared to flag pattern you can see here converging trendlines ,
2.Beore there was sharp price movement, followed by...
Here is an easy ta for Church & Dwight long:
1. Strong 200 sma support
2. Bollinger Bands support, very close, so could break out
3. Hammer: Bullish signal 8.1.2021
4. Close to 50 sma, need to break through
5. Trendline support RSI, bullish signal
Buy above SMA 50 at 86
Sell at first resistance at 95
Stop loss below 200 sma at 81
Good luck boys...
I want to show you, how you can participate with fix risk from option strategys comparing to chart analysis:
This bullish strategy can use with stocks that have potential breakout chance, or either long-term potential.
In this example of TTD use BB and SMA 50 for support (buying short put) and resistance for selling long put. We think that TTD wont go below 700...
Here is an easy ta for FSLY long:
Fastly made two highs in 2020, gapped down from the top at 132 to support 64 (+ trendline support) and is now consolidate.
I think this stock is for shortterm trade and longterm investment attractively as well:
You can use both entrys around trendline support (50er fibo) and bottom support (61 fibo).
RSI is currently trend...
Here is an easy ta for GOLD long:
Barrick Gold is consoladtion mode after strong rally. Now, bulls are trying to break through 28 $ ATH resistance.
On the right side you can see GOLD Future, that breaked through 18 $ resistance with high volume.
Both compared could be play on Gold long.:
S3 is showing bullish rally, S2 and S1 are forming trendlines for...
So here is an easy ta for SPX 500 compared with VIX:
Last days bulls bounced off from 50 SMA (3206) and now try to break 3240 resistance. So range we moved last weeks is from 3000 as very important support to 3240.
I guess next weeks could be important because there bulls and bears will decide, if the double top pattern is finally finished or...
Here is an easy ta for Veev long:
Costumer ordered this ta for option play.
Veev stock is in up-trend. Last ER confirmed this bullush up-trend as you can see by bullish engulfing + hammer.
BB: Trend is at upper-band, pullack, up-trend
RSI: Overbought crossing, little pullback
MACD: Overbought, up-trend confirmed (crossing), pullback
200 day SMA:...
Here is an easy ta for Lulu long:
As you can see easly- Lulu in up-trend. Stock had high volume compared with strong move to 325 § mark, bounced off and since that consolation.
We have support on 284 $ Mark (S1) and resistance on 325 $ mark (S2). You can identify this as a consolation zone, so next step should be a clear break through ATH.
Here is an easy ta for Twitter long:
TWTR is is oversold and trend looks like want change. So here we are in same position like with roku- try to trade breakout.
RSI: Oversold, volume is coming back, bullish signal
MACD: Crossing, tendency bullish signal
Fiboncacci Retracement: Two supports, 50 % and 38 % (resistance was broken working now as...