AMZN has seen a retracement of 75-80% of the recent move up and this aggressive move down has come without any retracement.
Also we have the MA200 at 1750 where the stock had put a reversal back above the MA200.
We should see a decent move up on this stock as long as above the MA200 and expect this to reach 1927.
Any daily close below the MA 200 will get me out...
FTSE100 Fell more than 7% from the recent highs from 7700 without any retracement. We can expect this whole move to retrace at least 38% from the bottom towards 7400.
We can go long on this if FTSE gets above 7200 after stock market open. Stops 6990 target 200pts
GOLD has had a very bullish action with the held of the uncertainty of the Financial Markets in the recent weeks.
But the Price action suggests that this Bull run is about to come to an end with a nice head and shoulder pattern forming.
If the Price breaks through 1410 levels, we can expect the price to pull back at least 50% correction of the recent move up,...
FACEBOOK has put a reversal signal after breaking above 200 and back below a key level around 197-198. It has made an effort to close the unfilled GAP at 217 levels and failed and broken through a key level at 197.
On top of that FACEBOOK has put a bearish confluence with the momentum and the price action.
Also it has significantly moved away from the 200EMA...
TSELA tanks after the earnings announcement and will possibly continue to make a new range between 277 and 175.
Therefore its a nice SHORTING opportunity for traders.
If TESLA go back up towards 250-275 levels to close some of the GAP created after earnings, it will be a nice area to get short with stops above 336 (76% of the recent FIB retracement) and target 175 levels
When certain stocks have unfilled/un-traded areas (gaps) in the market, often the market going to revisit those areas later on. So these are areas can be targets for your trades.
But in order to target those areas, we need a reason to get in. The most profitable/common method is waiting till the market exhaust and put a reversal signal.
AMAZON is most likely to...
FTSE 100 has rejected 7600-7590 area in the 1hr time frame, 3 consecutive times suggesting that a correction is possible.
If FTSE100 breaks below 7550 (23% fib level) we can see a correction upto 60% Fib levels at 7440-7430 levels.
But FTSE needs to break below 7550 to trigger this trade.
Stops should be above the recent highs.
I am long on GOOGLE as it has put a lower highs confirming continuation of the upward trend. GOOGL has put a 78% FIB retracement of the last move towards 1040 and continued to break above 200ema which confirm the bulls still in play.
The targets for this is the recent highs (Also an unfilled gap at 1290)
Stops below the swing lows and a round number at 1000
Tesla is a stock that has very big swings up and down, forming a ranges over a long period of time, each time the stock breaks through a KEY LEVEL in the market, it puts a retracement and creates a new range.
In April TESLA INC broke through the 250 level (Bottom range of the channel) potentially looking to create another rage.
Traders can look to take advantage...
Netflix is potential short if breaks below 362. The target is 38% retracement from the lows to highs at 327. And stops above the highs at 390. I am expecting at least 1:1 from this trade.
NFLX has rejected 380-385 key level multiple times and now expecting a correction.
Alibaba BABA stock has triggered long with with 200EMA as a support. At the moment as long as the stock hold above the 200EMA I will be comfortable with the trade till the Target hit.
You can enter now or wait for a retracement towards 170. Personally Im long from 166 levels from initial signal.
If this has a End Of Day close below the 200EMA and break that...
I am in a GOLD SHORT position with tight stops above the highs at 1440.00 targeting 1347-1345 area. GOLD was a bit over bought in these areas so we can expect a small pull back.
But I would recommend to be careful as the long term trend is still very much BULLISH.
If you are really conservative, you can look for a retracement back up towards 1400-1410 before...
CRUDE OIL has triggered long since the last two days from 58.00 levels. The RSI momentum has turned BULLISH since the beginning of the week. This move will trade towards 63.00 first and afterwards could see up to 70.00.
Ideal stops for this trade will be below the recent lows 50.80 but if its a too big of a stop for you, you can put the stops below the 50% FIB...
AAPL has put a nicely retrace towards 50% fib levels at the moment , and also this retracement should reverse between 61%- 78% of the fib retracement.
AAPL has key level at 156
If AAPL fails to get above 156, this should go all the way back towards 100.00 levels.
So buy back above 179 once reach 61% retracement or 78% retracement