I'm long NASDAQ:MU here, I like the low probability 3rd target range as a possibility here, but that is a long shot. NASDAQ:INTC and NYSE:TSM are also starting to base, and could rally back to the top of the recent range and maybe break out into a new monthly trend over time soon... Generally speaking, T@M signals have a win rate between 55% and 65%, but in...
NASDAQ:MSTR has been a pretty good vehicle to short against Bitcoin holdings, a small position can act as a hedge for a larger Bitcoin allocation, which is convenient. A new short setup is popping here, confirms on close today. Should go down for 12 business days. Best of luck! Cheers, Ivan Labrie.
Very interesting short signal formed in NASDAQ:WYNN here. The fact that triggered after an extended rally, suggests it could be a low risk entry to try and capture a correction or reversal of the entire move up since the China reopening narrative kicked off... Best of luck! Cheers, Ivan Labrie.
Looks like more downside to come in this stock. Current decline has been the fastest since 2020, and it doesn't seem likely to stop anytime soon. Short on retrace or here, stop zone a bit over $8.47 and downside targets are $6.63 and $5.19 by late June 2023. Best of luck! Cheers, Ivan Labrie.
I think NASDAQ:ENPH has a very low risk buy setup here. I already bot it during Friday, but you can enter pre market or during Monday's session safely. Stop loss a bit below the $159.06 level would do. Aim for a 6 business day rally from Friday, with potential upside to the level where the stock reported quarterly earnings recently. @timwest found these...
By Monday, a signal to exit shorts or buy into strength to capture a potential rebound in the stock will trigger. Keep an eye out for a new daily high to enter longs, stop a bit below the recent lowest low is fine. Hold the trade for 5 business days or until it reaches the target shown by the rising arrow. If it remains sideways instead of rally, it will likely...
Utilities looking good now, probably a good idea to have some defensive exposure, now is a good time to get some of it with NYSE:NEE here. Mega cap tech is over extended and although rates likely peaked and we see inflation come down, it will come down for the wrong reasons as we enter a recession most likely, so I'd try to be cautious with cyclical risk. Best...
The trend is up in this pair and we have a new trend signal here corroborating it. Take a look at how a linear regression from the bottom to the recent top looks, it accommodates the current signal projection well with a 3x standard deviation of the (high+low)/2 based channel here. Stops a bit under the 'mode' would cut it, give it 0.25-0.5x ATR of wiggle room...
It seems like the Dollar is making a comeback here, and it will pay to participate from the rally (while reducing risk if you're holding equities positions). Current trend signal points to a substantial rally as long as price sits over 134. Best of luck! Cheers, Ivan Labrie.
Time@Mode can capture very profitable trends with incredible accuracy and very low risk, at times catching the bulk of returns in a given market, while sidestepping the volatile uninteresting periods. To do this, you need to know the timeframe in control of the main trends in said instrument. Determining the Timeframe in control means finding the timeframe that...
Looks like #Gold is staging a reversal, the recent correction is over and it can resume the longer term uptrend, or at least stage a substantial daily up swing... Best of luck! Cheers, Ivan Labrie.
Exxon🛢️ has nice upside here according to Time@Mode which makes me think it could beat expectations and shoot up and trend steadily for some time. The company reports earnings this Friday, and is expected to post a $2.606 profit per share, and $85.648 billion dollars of revenue. Valuation highlights: Price to Book ratio of 2.46 Price to Free cash flow...
Bulls did it, we now have a continuation signal indicating the weekly base we had earlier this year was a longer lasting bottom than expected... I'm long crypto since last night (bot positions back after 3 day charts triggered bullish trends in various coins). Let's see how this goes, promising start. If we end up moving towards the 45k zone we could be on to...
Looks like $TSLA is about to rally and head towards $255 next...the daily trend which was down is now reversing to the upside once again, so it is a low risk idea to go long today if price holds up and doesn't go back below yesterday's close. Best of luck! Cheers, Ivan Labrie.
If the ETF crosses the $84.03 mark during next week a huge rally can take place, daily charts are already bullish for a few days, I got into a position in $FSLR, $ENPH and $RUN recently, but might add an ETF position in $TAN as well if the weekly signal outlined here triggers. Note that price crossed over the entire post COVID low till today Volume Profile POC...
The time seems to have come to consider allocating to Emerging Markets here, I am thinking of entering a position today. India and Mexico are set to benefit from decentralization of supply chains, China is about to get stimulus to consumption from govt, and AI is generally a source of growth and higher efficiency for the world going forward (solves the issue with...
Maybe it plays some catch up to $ETHUSDT here on the back of the Shanghai upgrade potentially being seen as a source of sell pressure by market participants, chart is certainly bullish if it closes the week over $20.78. One of the dumbest coins around, only miners and some degenerate WSB guys have any interest in it (and Barry of course), but it is what it is. Low...
Weekly trend which I was anticipating is now confirmed, odds of triggering the monthly with targets close to 10k is closer to reality now...It merely needs to move over 1886.27 this month to confirm that outlook. Risk is a drop under the recent consolidation (and a bit of wiggle room to be safe, I suggest using half an ATR from below the box). If you missed...