LONG CCLKeep your trading simple 🚀🚀🚀
Long term bullish - this trade can take some time to unfold.
T1 = minimum risk reward 1:1
Mind term target $24.6 - Closing gap.
Entry was on the crossover.
I would use a smaller position size because of the huge S1 S2 (stopping points).
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
For maximizing your profits you can use Options.
Not a financial advise just my view - trade smart trade safe.
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2019
Gold touch 1900 before month close?Then afterwards going to build a handle for north continuation of a large monthly Cup and Handle pattern?
In terms of UJ Seasonality agreement I have not thought much that far ahead other than a few bold statements and idea titled 't'. Recently I predicted Oil to hit USD 160 by September 2021 and I was called crazy and laughed at. Same when I first posted my Gold idea about a year ago.
With current buying and printing aggression it will be hard to say where this is going. Monetary policy this forthcoming coupled with the instability between US, China, and the Mideast could easily introduce stronger volatility than we have recently seen with COVID imho.
March was the Dark MonthFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, March was the dark month for the indexes and financial markets in which Covid19 hit the world by surprise and things noticeably crashed. Now we are on a stable growth towards positive retracement and recovery, and it looks like the total cases are starting to curve when looking at a logarithmic scale. Still the best financial strategies do well in both a bearish and bullish market.
GME long, Gamestop ready to fill the gap and explode upward!NYSE:GME Gamestop is ready to go Long. In Q4 they turned in actual earnings of +0.32, at the end of May they will be turning in Q1 earnings, which the entire world estimates are horrid for every industry except bio techs. BUT my theory is that Gaming increased with school being out, work being canceled, people being laid off. People often forget the online digital sales of gamestop and the by mail sales. With less money being dished out for "trade in" games or systems, gamestop SHOULD be in a decent position to weather the COVID19 storm and squeak by with posting a much smaller negative earnings than estimated (-0.35 estimated) and post something along the lines of -0.15 or even a small profit of +0.10. My point is the market and analyst have way overacted to a company that functions in a hot space, with increased tute support and an product delivery system that was better prepared to handle this storm than other retailers such as clothing or sporting goods.
additionally, this stock is trading at a much decreased relative volume headed into jaded earnings estimates, its MACD is trending upwards into earnings date, and the RSI looks to have stabilized more than post partum mother on beta blockers, red wine and Xanax.
I have circled some price targets that should hit in accordance to their dates and it is technically trading into a channel and its also deciding if its going to be a triple top or a double bottom if you zoom further out,, a break to the positive side has so many stacked catalyst that it will speed GME from 5.50 to 7.00 in less than a weeks time once the ball gets rolling.
Worst case scenario, it fails the channel, earnings suck as bad as estimates think they do, and GME has to wait til Q2 and Q3 to post a nice profit on some Console war action and climb back to 9 before Xmas.. I like the odds. going HEAVY here.
DAX one leg down to 10,700 before potential bullish rally to 12kIn line with promising PMI numbers, vaccine hopes, reconstruction plans might start to put hopes to Germany and Euro economy and ultimately lead to good performance of the stock markets across Euro zone. However, there has been number of mixed signals which might pull the index to the region around 10,700.
But, i am still optimistic that the index is potentially positioning for a bullish rally to 12,000 within short horizon.
I've mostly stayed away from penny stocks in 2020 but......this looks so tempting. I've never really tested my custom alerts on penny stocks so we are going to see if it works on NASDAQ:SRNE .
Target price is $6.75+ according to the daily chart. I'm buying one option spread tomorrow (strangle to be specific) and that's it. It's a pure spec play and test. also, tiny position but i'm excited to see if it will work! I might be wishing I did more options in it.
VOD : close to breakoutVodafone has kept if dividend unch giving it (for now) a high single digit div yield which is pretty decent in a zero rate world. The range 125-135p is critical for a breakout. Don't expect stellar returns given utility status and African exposure but a possible re-rating of the stock given post covid-19 realities is possible - one to watch.
HTZ, Long here (100% speculative)I'm going against my own style, but I think it is worth the risk to start a position. I have taken the January $3 Call 2022.
Bullish Divergency, What I think it is Capitulation Volume and Double Bottom. anyways Im keeping my Stop Loss very tight
FORD ($F): Press "F" For Ford?✨ Drop a comment asking for an update, we do NEW setups every day! ✨
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Ford is gradually restarting as America gets back to work, we even have another stimulus in the works that could generally help business. Still, this chart is giving us a nice short setup given the recent bearish trend and consolidating price action. All it will take is a bit of bad news, for example workers coming back to work and getting sick (just look at the issues the meat packing industry has been having), to send us back down to the bottom of the pennant. So let's look at a short setup.
Resource: www.cnn.com + www.forbes.com
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1. Fractal Trend has been showing a downtrend (Maroon bar color) on the 1 hour timeframe as Ford consolidates after the COVID crash.
2. With this strategy, we are looking for short setups in a downtrend and as such want to enter short on retests of bearish order blocks plotted by Orderblock Mapping (Maroon line color) and/or bearish S/R levels plotted by Directional Bias (Maroon line color).
3. Right now we are looking for a short entry off of R1 with a target of S1. Not only do we have orderblock and S/R levels to target, we also have the top and bottom trendiness of the large pennant that has been forming.
4. We will exit the position if our stop loss is hit or if Fractal Trend changes color, otherwise we will be looking for a test of S1 to close our position in profit.
Good luck family!
S&P 500On the S&P 500 im getting ready to sell it because we have a bat pattern that formed! the pat pattern "B" point is at the Maximum 5% tollerance outlined in Scott Carney's 3rd Harmonic Trading Volume. the 401k index has been struggling since SARS2 taken the world by storm. i dont expect it to get any better since the Q2 earnings report is going to reflect the majority of the shut down the world has implememnted. in Q1 we had January and Febuary of earning power to offset the lack of business that the shut down caused in March. in Q2 however we have 2 months of complete shutdown with maybe 1/2 a month of earning power to offset the the 2 months of no earnings. your highly leveraged business are really going to be hurting this Quater with many of them having to take out loans and ETC. i havent tried, nor do i want to, read the 1800+ pages the CARES Act or HEROS Act has. Somewhere in those pages are clauses that are in place to help business, but what i do know its not going to be enough to suffice for the lost earnings. Common Stock is about to plummit again as investors see their 401k take another hit. a few weeks ago popular analysis came out saying the Bear Market is over and retail traders listening to this garbage rushed back into the market to buy stock at a bargin price. and dont get me wrong some of those stocks were a bargin, but how are we going to be out of a bear market when S&P 500 did not even retrace to the 618 on the daily. fundamental analysis is essential but those analysit use technical analysis to form their fundamental analysis. if by chance there are any traders out there that read all of this wait to enter the market. holding onto your money isnt going to cost a penny (unless the fed introduces a negatie interest rate), but entering the market early could cost you everything!
SRNE BIG BIG VOLUME!SRNE closed up 158.02 % and went another 3.99 % in After Hours for an AH close at $7.03 and had a HOD of $9.00.
The thing that caught my eye the most was the incredible surge in volume.
SRNE had 506 million volume on Friday slightly exceeding the volume from the last 80 trading days combined.
Normally here, I would be expecting a pull back but I cannot ignore the volume and the AH close over $7.
Look for break of HOD ($9.00) for confirmation of possible massive continuation.
Would like to see it hold over $7 and break over $8.12 in pre market for a sign of monster strength.
I am very bullish on this over $9 with PT's of $12 and $14.
Will it keep going? Monday should be interesting.
DISCLAIMER:
I AM NOT A FINANCIAL ADVISOR
NOT FINANCIAL ADVICE
NOT A RECOMMENDATION TO BUY
RFC : NDX bullish until Oct. 2020 ?Looking at NDX vs. inflation.
Looks like in a better shape than SPX (higher highs, higher lows) with - if it breaks current level - a continuation of the bull trend until end of September / beginning of October.
My interpretation of the chart is that a "double top" might be found at this point (0.5 fib from tech bubble in this chart, around 10.000/11.000 pts level on the NDX chart depending on printing), then retracing and starting a new trend.
Of course the future is not written yet.
Please share your thoughts since I am still beginner for both TA and FA.
Parking Wealth and Opportunity Days of Trading & InvestingIt's clear from this chart parking investment in cash at a 0.00% interest account, even now is not a good decision, even in these times. While the equity markets have regained much of the March 2020 losses, they are less than a safe near term place to park. Equity markets will need almost daily management while savings accounts, money markets, and certificates of deposit only benefit your bank.
Gold has maintained, even broken through the all-time high. It continues to prove itself as a safe haven and a hedge against dollar inflation, payout much better than cash. BankofAmerica along with other investment banking firms are calling for 3,000.00 Gold in the year 2020. The estimate takes into consideration the future of a weaker dollar due to the huge increase in the United States National Debt in this crisis.
While everyone got all excited about Oil being -34.00 a barrel, it was momentary, the price of West Texas Intermediary Crude Oil. As the chart shows, Oil has a long way to recover, but it's guaranteed to continue going up. Oil prices might actually spike very high as demand grows and the huge reduction in production cannot keep pace. While the Machine is well oiled, like the tanker, it does not turn or change the momentum on a dime. Pumping and Dumping this market, going Long and Shorting makes this an excellent sector to reliably make a profit.
Bitcoin continues to be attractive as long term it's proven to grow. The ALT coin scene has shaken out considerably putting Bitcoin and Etherum back on top as the two dominant players. This means long term stability and gains. This is not a market for short term weak of heart. If you're looking to get rich quick, perhaps this is the market for going short. If you plan on going long and hope for gains Gold has enjoyed since the early 2000s this likely is the market to put down some tent pegs.
As always a diversified portfolio is the only way to ensure steady upward growth. However, in these unprecedented times, there are multiple ways of getting wealthy in once in a lifetime opportunities.
GOLD ($GOLD): Bullish Breakout or Amazing Fakeout?✨ New charts every day ✨
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Gold has been preforming very well for a while, and especially it has shown real strength during COVID-19. It looks like we had a breakout of this pennant that could lead us up even further if continuation is to be expected. Perhaps not until after we fill this price inefficiency gap that has been formed? Let's look for a long setup to enter this potential gold uptrend we have starting here with the assumption that this new gap gets filed.
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 15 minute timeframe. This represents an uptrend since before the breakout.
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) and/or bullish S/R levels plotted by Directional Bias (Aqua).
3. The play here is to take a long entry at the retest of the S1 support range cluster that contains a bullish orderblock and prior S/R flip (Aqua lines).
4. The target for this move is R2, although we will exit if our stop is hit or if fractal trend changes color.
5. We have placed a stop just below the bullish support cluster that contains the order block and S/R flip (Aqua lines) with the assumption that price will be supported there and previous resistance will become the new support.
Angular growthComparing angular growth on linear and Log chart using angles to compare recovered and confirmed cases. The linear chart seems to suggest that recovery rate could soon overtake confirmed rate. Log chart shows the exponential growth of both lowering. With the exponential growth of recoveries being slightly faster.
BIOTRON - Primed to MOVE!Watching BIOTRON closely. 2 Scenarios:
1. Break of internal trend within the symmetrical triangle will see us return to the .065-.080 region (AREA OF INTEREST).
-We've had 2 bounces on the .382 Fib region creating a double top @ .115 Equilibrium
-Break of internal uptrend trendline.
-Currently broken the center band of bollinger bands.
-We've also had a death cross on MACD and is starting to spread.
-Waiting on break of support at .088
2. If POSITIVE results are announced shortly for any of BIOTRONS Projects/Programs (Anti Viral Drug Program, HIV Program, HBV Program) We should see a break out of Symmetrical Triangle.
-Break of downtrend possible.
-Retest of .011 Equilibrium VERY possible.
-New Market Structure will form with Higher LOW & Higher HIGH.
-Volume will be brought back into the market.
-My next target would be major resistance at .014
A very interesting company with real world prospects. I have been following them since the earlier in the year, with Phase 2 HIV-1 Clinical Trials being successful, HBV Pre-Clinical Trials and work on Anti Viral Drug Development with a keen interest on Covid-19.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
JD.COM ($JD): China's COVID Numbers are Down; is it Time to See ✨ New charts every day ✨
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JD.com specializes in online shopping, and it has been showing real strength during COVID. Despite annual earnings being dismal, revenue has been growing.
JD.com is likely a good long play for a few reasons: 1. JD is competitively valued based on its growth compared to Alibaba and Amazon, 2. JD.com is seeking a listing in the Hong Kong market, 3. JD.com has likely done well in terms of earnings under COVID, and 4. ultimately, because the chart is bullish.
Despite all of that positivity, there is cause to look for a pullback. JD just tested resistance and there could be room for some pre-earnings / earnings volatility. The idea here then is to buy any pullback from earnings and take a long position.
Resources: www.marketwatch.com + finance.yahoo.com + www.earningswhispers.com
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 4 hour chart.
2. With this strategy, we we want to enter long on bullish order blocks plotted by Orderblock Mapping (Blue) and bullish S/R levels plotted by Directional Bias (Blue).
3. Our goal is to buy a pullback to S1 either before earnings or during volatility caused by earnings.
4. Our target is currently unknown and such this may be a buy and hold situation with Fractal Trend indicating a changing of trend(bar color) being the exiting factor if we soar past those all time highs.
5. Other areas of interest include S2 and S3. These levels may act as support if for any reason the current uptrend can't continue.