Rocketman

Rocketman

CADCHF has been in a downtrend since the beginning of October 2023. CAD is weak while the CHF has been strong this week. I believe that the trend will continue based upon several conditions that I am looking at.

Rocketman

Fundamentals : The fundamentals mostly match what I am looking for. It is not perfect, though. Technicals : It looks like the price is breaking out. Ichimoku Breakout

Rocketman

It was a good year for State Street. Investors thinking that US rates may have peaked are dropping their overweight positions in USD. www.ft.com Since this is the case, I see a possible 4% to 5% drop in USDJPY. However, I see USDJPY at 153-154 in Q1 2024, as the trend still long strong.

Rocketman Updated 

Technicals: Bounce up from average yearly range low. Weekly Breakout Daily pullback to cloud support+38%fib+Daily Engulfing Candle+Horizontal support confluence

Rocketman Updated 

The daily chart of USDMXN is back in step with the weekly trend. Weekly Snapshot:

Rocketman Updated 

Fundamentals : Daktronics (DAKT) manufactures digi displays, scoreboards, statistics software and controllers. This company caught my attention because estimated eps for 2024 is over 500%. Funds are growing in number, but the quality of the funds are not A+ funds. I am learning more about the company since the financial crisis. It looks like they have recovered...

Rocketman

Fundamentals : same Technicals : The bullish case remains the same. After hitting my first target, I will go after 173 to 175....

Rocketman

Fundamentals : Mentioned before, but now, I start to doubt my premise a bit. However, the technicals are maintaining giving a sign that I should hold on to this idea. Technicals: Gartley Pattern a-b-c completion

Rocketman

Trade Idea: Last week, large specs dumped their positions in AUD. Technicals: dRd exDiv2 rejection candle Bearish Gartley Crown 127% target reached Horizontal resistance

Rocketman

Fundamentals : Positioned to grow further.... Technicals : uHd Triangular consolidation

Rocketman Updated 

Technicals : Positive Points: Quaterly Chart: NZDCHF and NZDAUD has hit yearly ADR. Whenever this has happened on a quarterly chart after making a new low, a quarterly rally start up for about 2 to 3 quarters at least. So, at some point, shorts will unwind. NZDCHF has stayed, relatively below the quarterly 50-moving average since the 1980s. So, the 50...

Rocketman

Fundamentals : Unclear Technicals: Clear and valid ichimoku breakout.... Tight Range breakout

Rocketman

Fundamentals : BOJ Technicals : Daily chart of CHFJPY retraced to a key level and hit daily ADR. There is hor. resistance and a fib level in confluence at the same level. target: 175

Rocketman

Here is my technical trading plan for USD/CHF: On a weekly chart attached, ( ) we can see that USD/CHF from July 2023 to October 2023, this pair rallied and created a new high. From that time, the price hit a "window" of resistance was created on the week of October 30, 2023. Consequently, this is the location where a lot of volume-transactions occurred,...

Rocketman Updated 

Technicals : Taking a second position in Natural Gas long Reasons : uHd pb to support and retook the kijun Daily cloud bulling Wicked Daddy Deeper pullback squeeze Price hit daily lower ADR and AWR and rallied Weekly 5EMAs signal and 15/50 signal: 1hour lower time frame crown fakeout:

Rocketman

Fundamentals : FED-BOJ divergence Risk : The US Fed suddenly starts to lower rates. Technicals : Daily Channel Cup/w Handle pattern Kijun Trend Bounce 5EMAs Past Resistance = Future Support Daily ADR reached Fixed Volume Profile support target: around 153

Rocketman

Fundamentals: I just checked out META's balance sheet. Its sales were over 20% for the first time since December 2021. I would like that to continue for two more quarters because the last two were not as good; however, they did accelerate consecutively since August or December 2022. That was the bottom of the stock's fall. Technicals : As sales accelerated...

Rocketman

Fundamentals : This is not a super stock. Those are hard to find. I have only found two. Futu is an online brokerage and wealth management platform. I visited this company in China. I went to experience the customer service. I was also able to meet some of the management team. The customer service is excellent and so is the management. Their concept in China...