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2019

Break current triangle followed by lengthened market cycleLooking at logarithmic progressions has me thinking that it might be possible that we find support on the line we just broke followed by establishing a slightly higher high followed by undulating smaller pump/dumps that correlate with past events. We form a new upper resistance and therefore a new structure, we break out of this 4-5 years down the road. The market cycles are going to level out as time goes on in terms of highs and lows resulting in a more stable coin IF BTC doesnt become obsolete before then. I think this summer could be good for BTC and the market. Economy will open up, containment of virus will differ depending on country/state/province. Summer usually knocks case numbers down for respiratory illness due to high temps, humidity, and elevated levels of vitamin D, physical activity, spending more times in open spaces. Offices also won't be in a hurry to open back up due to the inability for them to justify moving admin and other office worker resources back into huge office buildings when they can just as easily work from home. Also, the logistics in using elevators, lobbies, and other areas while maintaining any level of social distance is extremely daunting and expensive. I think these factors will result in a less "spready" second wave. This adds up to the irrational, illogical market continuing to pump over the summer. The second COVID wave , in the fall/winter will likely bring another market correction with it, which will drag BTC with it. Also, ppl are on the media at these protests yelling "buy BTC, fight the power" at the camera, any publicity is good publicity, I guess. Summer=Pump, Fall/winter = Dump and or consolidation I think we'll continue to undulate, consolidate, slowly ascend into breaking a larger, future structure. Big, rambly, speculative, but I think a lot of what happens in all markets will be the result of COVID and COVID related responses from govs/industry. These are sort of predictable based on what we know about similar viruses and how govs and market has responded up until now. Whatcha think?
BITSTAMP:BTCUSDLong
by Tobi_Wan_Kenobi
Delta Airlines Post COVID 19 thoughts June 2020If looked from the perspective of Fibonacci... chances are DAL prices during COVID 19 align with a 78% retrace line. Those also seem to match resistance around the initial trading values of this stock. There is a good chance that during June and follow on months, this price will continue to grow and test the $50 price. At least from my perspective. Whether if it only tests the $50 to later come back down or just go back to previous price ranges, there may be a profit benefit here. The next months behavior really depends on what is going to happen around the Pandemic itself and associated travel restrictions. As well as how humans may fear traveling in the short term. It seems that a buy at current price range may reward with short term growth. If it happens, it can potentially be protected with a sell limit in case prices fall again. Another strategy may be to buy and just sell with the price hits the $50 range. It'll all depend on each individual's preference: Do you want the shares for the long term (and take advantage of current bargain prices)?; Or do you want to profit with volatility?
NYSE:DAL
by Aizakku
5
BBY: $88 Short Target because Post-Covid Shopping + DemandFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I have a few insights. Best Buy is expected to have a positive continuation of its recent uptrends, and I have it on my watchlist. Currently, I am bullish on the supply and demand curve getting fixated and that it could hit an $88 price target quite soon. I also think it has some long potential as well, so I am ranking this a long.
NYSE:BBYLong
by gamer456148
ASX - Two Personal Loan Corps surge as Afterpay flatlinesFollowing the end of Australian government's benefits to reduce unemployment at some time in H2 2020, there will be higher unemployment and lower incomes overall. The result of this is that the Australian public will use small loans to get by week to week especially when work availability becomes volatile. Certain types of businesses including those in the hospitality sector will close forcing casual workers to rely on Government unemployment benefits until meaningful employment can be found. Assuming that these benefits return to the levels seen pre COVID-19 (~ AUD$20 a day), many Australians will need flexible loans to maintain themselves. Some of the loan providers making noise are: ASX:Z1P ASX:APT ASX:OPY I'll be closely watching these; especially ZIP Pay due to its recent venture into the United States, a country that will see these issues magnified due to the lower number of government benefits available.
ASX:ZIP
by lewis3cheers
The World is on Fire but Markets are RetracingFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, lots of geopolitical events have been dramatically changing markets. First you have Covid19, than the talks of trade wars going on, and now you have chaos on the streets, peaceful and nice protests on other streets. Our geopolitical climate seems like a mess, but it is just another day in 2020. Lots of people in the financial world will get really emotional and this is why you see days where everything is immediately shortened, and days where there is continued growth. Overall though, everything seems to be retracing and the market in general seems to be heading towards a positive pathway for recovery.
ULong
by gamer456148
ABBV an Entry Point into the Wild World of BiotechBiotechnology and pharmaceutical companies have been quickly cycling through overbought and oversold. The problem has been so problematic that Sorrento Therapeutics had to specifically claim they were not a “pump and dump” scheme. Any whisper of a "cure" for Covid-19 has investors rushing to the entrance and quickly fleeing after results are what they had expected (an image of people rushing toward the exit and getting stuck in door comes to my mind). People who know the biotech sector have been cautiously watching the spectacle and trying to avoid getting trampled in a stampede. To be clear: your average investor is getting burned in the vaccine-hunt game. AbbVie "ABBV" is (and has been) a reliable pharmaceutical and biotechnology company for some time. The company is known for its generous dividend – previously at a yield of 5.20%. The company has a robust balance sheet with a Quick Ratio of 3.03 and a Current Ratio of 3.14. In the world of biotech, research and development is everything. ABBV pipeline is stacked with potential drug candidates many of which are in Phase 3 of development according to AbbVie’s investor relations brochure. From a technical analysis standpoint, the moving averages appear to be moving toward a positive crossover – EMA10 = 91.00, EMA20 = 90.88 EMA25 = 90.87. The stock does not look overbought or oversold according to the Stoch RSI and Money Flow Indicator. However, the MACD indicator shows that there may be a further swing downward before moving into positive territory. Finally, the linear regression model is one of the few biotechnology companies that is not inverse or appears caught in a sideway pattern. LONG ABBV purchased today (06-02-2020) @ 90.86.
NYSE:ABBVLong
by luminaryfi
6
Are We Going Sky High? ✈️ | LOCKHEED MARTIN ($LMT)🚀 Lockheed wasn't Immune to COVID turbulence, but from a long term outlook LMT is likely a great investment opportunity. Earnings have been strong, contracts have been impressive, and the chart has been mega bullish over the long term (despite being subject to market-wide corrections like COVID). For all these reasons and more, let's look at some long term levels for investors who want to soar to new highs with LMT. The first level we want to look at is S1. This range consists of a bullish S/R flip and has generally acted as major price pivot point since 2018. A dip to this level provides a perfect entry for long term investors. The second level to look for is R1. The logic here is that if we see bullish continuation, then we'll need to look for a pullback entry. A rejection at R2 and retest of the R1 currently bearish orderblock should provide some a decent entry for continuation higher. The logic is the same regardless of which entry one gets, the logic being that LMT is strong in terms of both technicals and fundamentals on a longer time frame and so we are looking to buy in after retesting key levels. Using this tactic allows traders to limit risk (as they can use stops placed below these levels if needed) and helps long term investors to get an attractive price on their buys. Good luck! Resource: www.fool.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
NYSE:LMT
by AlphaBotSystem
AMERICA RIOTS/PROTESTS TO TRIGGER NEXT MARKET CRASH? Riots & Protests = Social Gatherings Social Gatherings = Spreading Of Coronavirus Spreading Of Coronavirus = Restricted Economy Restricted Economy = Market Crash Whilst this logic may not fully constitute to a market crash, it just needs to be a catalyst. A trigger. Just as the virus was the catalyst for an over-valued market back at the highs, the riots & protests may also be the catalyst for the currently over-valued market and bull trap we are in right now. VERDICT: Since we are clearly already in one of the biggest bull traps ever seen, the conflict in America may trigger the long overdue market crash.
SP:SPXShort
by JayanVarsani
1
Gold Potentially Retracing, Prepare to Buy LongTechnicals: -------------- $16.03 and $16.61 are approximately the short term support and resistance levels, forming a channel where the price is being pulled horizontally. This area also appears to be a price consolidation point around $16.38 following an April 20th high volume day. Fundamentals: ------------------ Gold is trending up. This momentum is due both to the medium term high VIX volatility and an overall pattern of prices rising after a market correction/downturn event. This correlation of gold to volatility and market correction follows a similar pattern from 2006 to 2011. Strategy: ----------- Longer term call options are ideal for the current market. Purchase 3-month long call options if IAU breaks through $16.60 or if it retraces to $16.03.
AMEX:IAULong
by ConfederateTrader
1
Is Ford Ready to Go Vroom after This Speed Bump? 🏎️ | FORD ($F)🚗 This run had a slow acceleration, but it looks like Ford has finally popped into gear and is off to the races. After seeing some recent lows people (including the COO) seem to be buying Ford back up. Plus, Ford is in the headlines with their new cop car that kills Corona (its a thing, check out the link below). Mostly though, Ford looks like it is finally breaking its downtrend and we are looking for a long play to ride the wave. Resource: www.businessinsider.com + investorplace.com + www.barrons.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 1. Fractal Trend is showing an uptrend (Aqua colored bars) on the 1-hour timeframe. This is the first notable breakout since the COVID crash and it is correlating with other beaten down stocks. Overall this is a good sign. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines). 3. The goal here is to take a long position at the S1 bullish orderblock. This level also generally would represent Ford roughly retesting some previous highs before moving up. 4. Our stop loss is placed just below S1, with the logic being that S1 will hold as it acted as a clear major price pivot point. 5. Our target is the R2 bearish orderblock cluster and gap formed back in March. We will be looking to play future longs assuming the uptrend continues but for now we are only looking to play from one level to the other. 6. If S1 doesn't hold, then S2 offers another support level and a chance for the bulls to maintain an uptrend. Below that we breach the trend line and risk a longer drawn-out bottom if not more downside. Vroom vroom, let's make some money bulls!
NYSE:F
by AlphaBotSystem
The Broader Market May be in Apple's Hands 🍎 | APPLE ($APPL)🍎 Our last Apple chart played out like clockwork, now it is time to see what happens next. Apple is generally highly correlated with the broader market. Luckily for the broader market Apple stores reopening and hype about the iPhone 12 may just be enough to push Apple up past resistance. Plus, although it began to decline yesterday, the relatively high short volume ratio doesn't hurt either (as those trying to short the top could be squeezed on a move up; perhaps this weekend). Right now we are sort of at the mother of all resistances for Apple, we are right back at the all-time-high seen before the COVID crash. Our goal here is simple, to show the last resistance level on the chart and otherwise to map out support levels that will only come into play if Apple can't break resistance or if it comes back down later. Directly above us we have the R1 orderblock + S/R flip cluster which includes the previous all-time-high for Apple. If we break this and get bullish continuation, then this level becomes potential support to retest before continuing higher after. Below us we have a number of key levels, these include S1 which may act as a local support before moving higher. Then we have the S2 range created from a gap and orderblock. If those levels don't hold we do have support at S3 - S5 as well, although a move here implies a bearish path for Apple and almost certainly the broader market. Resource: www.cnbc.com + 9to5mac.com + www.forbes.com + fintel.io ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
NASDAQ:AAPL
by AlphaBotSystem
3