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AZN offers a good entry at the $60 level with a well calculated risk 1:3.
The further discussion about the next vaccination, the upcoming winter and the oversold RSI should trigger the stock into profit pretty well.
This topic is so important, that´s why I wanted to share it with you and hope I can reach as much people as possible. Hope it will help some :)
I saw in the last years many who crashed their accounts very hard, they lost a lot of money and for some it was very dreadful!
It is hard to watch this people how they burn money and bring even his own family in...
Looks like a typical cup and handle right now. The EA was good, even with this high inflation. If we consider this was really the peak of inflation, the consume will recover then if not we could see another down turn for the retail sector. But even though with high inflation WMT positioned itself in a very good state.
(For example, reducing supplier costs to keep...
NI has currently a pretty nice position from the technical point of view. The market conditions are oversold and an entry can be considered.
Target is $32.50 and probably a break at $33 if we are patient!
We see an downtrend over the bigger time frame, no doubt. We see lower highs continuously, the VWAP broke and will probably decrease in the next weeks, this is the time to predict the next entry.
I don´t suggest to short TSLA currently or only in small steps, it is still not clear how deep it can go, but I think below $800 is possible.
With the buy of Twitter...
NIO is confirming a new Fibonacci now and we can draw the interesting levels. It seems we found the bottom and the next step is to outrun the VWAP again.
After, it will take some time to reach the next hard level at $30 and $34.
Again patience will be rewarding.
TSLA volatility increased heavily since Oktober 2021, this makes it more worth for Daytrader but less for Investors.
Technically we are in a regression and we need to watch the mark $950 a lot. It seems we are creating a new channel between the two yellow lines, this means currently TSLA is overvalued at $950+ and undervalued at $750-.
But due the volatility this...
Currently AT&T is an attractive buy area. Today it confirmed the support based on the volume profile like I expected it.
The mentioned exit lines are targets with increasing risk.
Fundamentally AT&T is a buy :
AT&T will jettison WarnerMedia in a $43bn deal with Discovery (DISCA) as it refocuses on its telecom efforts. It’s planning to spend $20bn on 5G...
Technical based and due of increasing revenue, GM could spike up again between $66 and $67.
I expect another move down before and looking forward to the earnings on the first of February.
Anyway, earnings can change the direction again, SL should be tight.
F has already stopped orders for the new F-150 Lightning electric truck, about 200K.
$21 is a big resistance and this line will be a good mark for a lot of shorters.
Over the long term I see a pullback, back to the VPOC. The next leg up could finally reach the $22 if the catalysator is strong enough.
In conclusion I would avoid to short and wait for a good long position.
PRPL came back on $8.80, therefore it offers the chance to calculate the Fibonacci areas.
The levels explain already a lot but I expect a hard and strong level at $18.50 - this could form a potential new area.
The fall was related to the news on last monday:
"expects earnings and revenue at the low end of prior guidance"
But important is this as well:
EGHT has pretty tradeable volume areas, I split them in 3. All of them are worth for swing trades. Long on the bottom line and short at the top line.
Hgihg buy/sell volume can push EGHT into the next area.
I consider the next entry at $16.20 for long until $20 and so on - nice setup to set alerts and watch.
TLT is a more choppy ETF and currently over the $150 area, which is a key level.
I believe we could see the $162 again after the next drop. Due the volume profile it seems &147.80 is a good support and a worth investment.
Fundamentally, the recent key news:
In Q3 of 2021, Plug Power reported revenue of $143.9 million,which was 34% higher compared to its year-ago period.
Analysts expect the company to increase sales by 47.3% to $496 million in 2021 and by 74.5% to $866 million in 2022. This expansion might allow Plug Power to narrow the loss per share from $1.58 in 2020 to $0.25 in...
SOFI is hitting again a high peak. If we check the volume profile we see a high degression in volume, but overall the volume is rising.
I expect a short signal until next support, until then we have to watch what could probably could happen next. The volume is good indicator here but it still a choppy play.
RIOT is gaining today, watch out the $41 area, this is on of the most important levels.
Above we see the volume profile is very low and the price need first to be accepted.
Currently we cannot say where it will go, but prepare for a major pullback anyway.
After breaking the next big level, the picture will be more clear.