Hello Traders and Investors, today I will take a look at Alibaba . -------- Explanation of my video analysis: Almost a decade ago Alibaba stock retested a strong support at the psychological $60 level and reversed significantly towards the upside. Just a couple of months ago Alibaba stock once again retested this support and created an anticipated reversal....
EURUSD is currently stuck between 2 important daily structures. Depending on the market movement next week, I see 2 potential scenarios. Bullish If the market breaks and closes above a resistance line of a huge falling wedge pattern on a daily, a bullish continuation will be anticipated at least to 1.083 level then. Bearish If the price violates 1.0724...
Company has reduced debt. Company is expected to give good quarter Company's median sales growth is 43.8% of last 10 years
Dear Traders, DXY strong bull run continue to dominate all the USD pairs, and it will likely to dominate the market in future. Because recent significant economic data came out in favour of DXY with great margin. We personally also think that price is likely to rebound strongly from our entry zone. Price had accumulated for weeks in a pennant channel and broke...
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NYSE:O Realty Income is widely recognized for its monthly dividend payouts. Upon opening the chart and zooming out, it's evident that the stock has been moving within a significant range since around 2014/2015. Currently, we find ourselves in the lower half of this established range. Currently, NYSE:O is in a downtrend channel, so it's advisable to wait for...
NYSE:SNOW Currently, SNOW is in an upward channel but has experienced strong movement to the downside. It is now trading below the 200 SMA trendline. It's important to note that SNOW is currently oversold, and an RSI divergence has occurred within this oversold area. My indicator also reveals that shortly after an oversold RSI divergence occurred, the price...
Short Term Trading Advice by Goodluck Capital Buy Rural Electrification Buy Range- 500 - 515 Target- 560 - 570 StopLoss- below 470 Potential Return- 10-12% Approx trade duration 10 - 12 days
Company has reduced debt. Company is almost debt free. Company has delivered good profit growth of 28.0% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 39.8% Strengths: Established market position and strong distribution network: D-Link is the market leader in switches and wireless local area network (WLAN)...
- It has been in a sideways channel for almost 2 years with clear support and resistance zones - It showed strength in the initial phase of this week but at the end got hung over Literally, upside down. - In the end, the price was prevented from breaking the trendline. Buyers appear trapped if the momentum changes sides. It did weaken the upside momentum for...
Info Edge recently exhibited a breakout from a descending triangle pattern with notable momentum and trading volume. The stock is currently taking a resistance near 4300. A successful break of this zone has the potential to generate further momentum. Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal...
Here are things you should know: - 14 months of pure sideways consolidation - Clearly defined support and resistance - 6 Week consolidation at the resistance zone makes the resistance weak - Volumes have died out. That usually happens when the price consolidates - Investing in such companies is a matter of trust and confidence in the company and its management....
GBPCAD formed an inverted cup & handle formation on a daily time frame after a test of a key horizontal daily resistance. To sell the market with a confirmation, I will look for a bearish breakout of its neckline. Daily candle close below 1.7087 will confirm a violation, a bearish continuation will be anticipated at least to 1.7015 support then. ❤️Please,...
Hello Traders and Investors, today I will take a look at Amazon. -------- Explanation of my video analysis: Just three months ago Gold broke out of a very long term ascending triangle formation - similar to the triangle formation which we saw back in 2019. So far Gold is just creating the expected continuation higher and you can definitely close out partials...
Fundamental: Gold has seen the amount of long positions grow these past two months and be able to sustain that grow in a range from 560K-285K+, Short Positions have been maintaining about the same roughly staying in the range from 80K-66K. Open Interest is leaning bullish with growth this past month but for the past two month we see some ups and downs followed by...
Heromoto since Feb'24 4th time has tested the fib resistance of 4954.A day close above 4954 can take this stock towards 1) 510 2)5177 3)5329 4)5473, below 4632 will be exit for me. Since my indicator is also not giving any negative signs, I have high hopes from this setup. Only thing is weakness in overall market can affect it. Lets see
NZDCHF broke and closed above a key daily horizontal structure resistance. The broken structure turned into a demand zone. I will expect a bullish continuation on the pair. Next resistance - 0.5485 ❤️Please, support my work with like, thank you!❤️
The technical analysis of V-Guard Industries suggests a compelling swing buying opportunity. The reasons are listed below : The stock has successfully breached a significant resistance zone at 270-280, showcasing potential for an upward trend continuation. The presence of a robust bullish engulfing candle on the weekly timeframe, coupled with the stock...