benedekdomotor

benedekdomotor

We are still in bearish territory, but this could change sooner than you thought. There were 69000 21. Aug 20 22.5 call @ 0.69 bought, which might seem a bit suspicious in terms of trading in any direction:) And also a Regular divergence is showing off on the chart, which indicates a trend reversal. In this case: bearish> bullish. Important levels in case of a...

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SAVA stock is capable of impulsive moves, so why don't we trade them?! We had our healthy correction after a run-up. The signs are more bullish than bearish, for now. >Buy zone: 3.49 if it breaks above with high volume. >Take profit: 3.9 >Stop loss: 3.15

benedekdomotor Updated 

Before I start, I need to make it clear that it is a very high risk/ reward play. 0.7482 is a very important level to watch, we tried to break it 3 times already, failed every time. But the overall trend is pointing upwards. The resistance level could break anytime soon, and when it does( high volume is important) we might reach higher levels very quickly. >First...

benedekdomotor

Sadly, I was not near my PC, so I could not share this Idea. Hope this tutorial helps you understand playing breakouts.

benedekdomotor Updated 

It seems; BA will break its upper resistance soon, but we have to wait for confirmation because it had many false breakouts in the past. Earnings are a big threat to the stock price so be careful out there.

benedekdomotor

If the resistance break and manages to hold (3239), then a nice short squeeze will occur and might head to the all-time highs, oddly enough it is. In case the divergence plays out, then we might see some correction. Whether a big one or a small one, who nows... Not me for sure :) Be careful out there, and don't be too greedy

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As you can see, NIO makes the same moves as TSLA, of course, the shifts are not the same size. Based on the chart NIO has the following price targets: > Support at 7.86 (which is the 23.6% fib level) > Resistance at 9.86

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Getting some crypto trade ideas is hard because there are 2 main parties. The crypto "Diehards" who believes: the proper play is always long, nevertheless, the chart says the exact opposite. And the ones who hate it and say; it is a big scam, so short it! There are few people who share a truly objective idea. I am not into crypto and I am also not aginst it, so:...

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As you can see the long term resistance (started on Feb 20) holds still. It failed to break out, for now. I have no idea what will happen, but 3 scenario is possible. First one: a healthy pullback is coming our way ( target: 3096.2) than a run-up (target: 3243.6) Second: the resistance completely rejects the price, in this case, a lower level might be possible (...

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Well, I was not expecting this. We are watching the perfect break-out right now. High volume and a huge green candle. I will be long on this one if it cools a bit off and retests the support level ( 121). It got overbought very quickly on multiple timeframes, so be careful tho. First bigger price target: 126,39 Support level: 121.06

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CCL is trading at a key support level ( long term). If it bounces back and holds, then it is a clear sign to go long with a price target: 16.85 and 18.14. If it breaks down and stays there, then the first target is: 11.51 Be careful tho, because it is almost oversold on the RSI.

benedekdomotor Updated 

Watch this one closely in the following days, because it might break above. However, without high volume, we will sidle, or might even retest some lower levels. Short term support: 9.56 Long term support: 9.32 Price target: 10.27

benedekdomotor Updated 

This is a high risk, but also a high reward play, so be careful about it. If it breaks above 3.01, then we might reach higher levels, such as 3.18 or 3.40. Otherwise; we might retest the 2.84 support than bounce back, or the 2.76 level. Strongest support: 2,76 (watch it carefully) Strong resistance above: 3,39

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Will it break out from its channel?! The MACD indicator shows it will because it is at a support level with increasing bullish momentum. However; the Bollinger Bands indicates that: AMD is at overbought territory and bad earnings could be disastrous for the stock price. Support: 49.03 Next bigger resistance: ?? (maybe the moon)

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Soo, everyone's favorite stock ( except short-sellers)... TESLA. The Automaker which managed to reach new highs during a pandemic. I personally would not touch TSLA right now, the reason is: RSI shows: TESLA is highly overbought on multiple timeframes, and opened with gap-up which might fill soon And earnings report could easily move the stock in an unfavorable...

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At this exact point, the chart shows: we are heading to lower levels. The reason I am saying this is: Both indicators are down-trending( lower highs) and the main trendline( yellow) is still not broken. On the other side: a Regular divergence appeared on the MACD indicator which predicts a possible trend reversal. Based on this, I see 3 likely outcomes: > If the...

benedekdomotor

Soo, we are no longer down-trending. Yesterday we had out nice upward movement, and today broke out from the previous trend ( started June 9th). However, the market isn't still open and need to validate the direction, but for now, it looks bullish to me. You can also spot a Pennant pattern which makes me even more bullish. I see 2 potential scenarios: > It is a...

benedekdomotor

The Dow Jones started down-trending on June 8 and also painted a "Flag" pattern, but yesterday it broke out. The RSI indicator is not tanking anymore, MACD shows a beautiful divergence, which signals a possible trend reversal. For now, I am neutral (but more bullish than bearish) on this particular play, because of the potential scenarios. I see 3 of them; >1. We...