Alltimehigh
Apple -> Make It Or Break ItHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is still retesting the previous all-time-high which is roughly at the $185 area and which is still acting as resistance.
You can also see that weekly market structure is still bullish, however Apple stock is a little bit overextended towards the upside after the recent 50% which was created over the past couple of weeks, so I do expect some short term rejection but then the longer term continuation towards the upside.
On the daily timeframe you can see that Apple stock is again approaching the previous reversal area at the $185 level from which we already had a harsh rejection towards the downside, but Apple stock might also be able to create a new all-time-high, so I am now just waiting for a clear direction and then I will upload another analysis for you.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
This watch-maker company's time has come!The company is an engineering firm engaged in the manufacturing of watch components, precision stamped components and progressive tools for various applications.
• Business is spread across retail and manufacturing of watch components and precision- engineered tools
Key Financials:
• Total Revenue for latest quarter increased ~34% YoY
• Net Profit for latest quarter increased by >67% YoY
• TTM Net Profit margin remained stable at ~5%
Red Flag Check:
• Promoter holding in the company has increased by 1.1% and is at ~51% with insignificant pledging
• Debt:Equity ratio is ~0.5 with ~5.5x interest coverage
• Stock is not under any exchange surveillance lists
Key Technicals:
• Stock has broken out of short term consolidation zone with heavy volumes into all time high territory
• Stock is steadily moving into higher price zones supported by volume
• Stock is showing higher relative strength compared to benchmark index
Disclaimer:
This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
This auto components company is in the breakout zone!The company has over 6 decades of experience in auto components manufacturing
• Business is diversified across Two Wheelers, PVs, CVs Off-Highway and Farm Equipments
• Also supplies to Major EV OEM’s globally
• Has diversified Product Portfolio – Gasket & Heat Shields, Forgings, Suspension Systems, Anti-vibration Products & Hoses
Key Financials:
• Total Revenue for latest quarter increased ~18% YoY
• Net Profit for latest quarter increased by >34% YoY
• TTM Net Profit margin increased from ~16% to ~17%
Red Flag Check:
• Promoter holding is decent at almost ~58%
• Debt:Equity is good at about 0.27 with sufficient interest coverage of ~7x
• Stock is not in any of the exchange surveillance lists
Key Technicals:
• Price is in a steady uptrend and has broken out of a cup and handle formation with heavy volumes
• Strong relative strength compared to benchmark index
• Price is nearing its all-time high zone
Disclaimer:
This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
This PPE and safety equipment manufacturer is nearing ATH!The company is one of the largest manufacturers and distributors of PPE products in India, with 90%+ orders coming from repeat customers, and provides the widest range of head-to-toe PPE products from helmets, eyewear, ear protection, face masks, safety garments, and gloves, to shoes, etc.
• Company has posted highest ever turnover and PAT in latest quarter
• Company is re-investing profits in fixed assets for future growth
Key Financials:
• Total Revenue for latest quarter increased ~9% YoY
• Net Profit for latest quarter increased by >46% YoY
• TTM Net Profit margin increased from ~8% to ~10%
Red Flag Check:
• Promoter holding is pretty high at almost ~75%
• Debt:Equity is not a concern with decent interest coverage
• Stock is not in any of the exchange surveillance lists
Key Technicals:
• Price is in a steady uptrend and looks to breach its listing week high
• Strong relative strength compared to benchmark index
• Price broke out of a small consolidation zone with heavy volumes
Disclaimer:
This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
Trade Setup for 22 May 2023This will be my trade setup for 22-May-2023
In Previous few sessions price is in consolidation between 800 Points. Missing ATH by 0.10 points :)
Following will be trade setup for tomorrow :
From Price action price is moving upwards and making HH and HL and with Resistance placed at ATH (44151.80) and making it a Ascending Triangle pattern respecting Rising Trendline.
1.) If opens flat and sustain opening price will look for buying CE for 1st Target of just Below ATH.
2.) If opens gap up near about ATH will look if price sustain if not then will look for PE Buy for take of 43850, 43730.
3.) If opens Gap Down near 1st support of 43900 levels and if respects support will look for CE Buy for target of ATH. and if price doesn't hold near support will look for PE Buy for target of Trendline support (43630).
I will trade keeping above points in mind. This is not an Advise of any kind to trade based on above.
views are bullish to neutral ( Consolidation ) to big move above ATH. :)
Hit Like to keep me motivated for keeping my daily trade Journal :)
is BTC on track ?you might wonder , now that we had some good bullish days , will it keep going ?
well in long-term yes , i officially claim that bull market is over , BUT ;
in Short-term , i still believe after such high volatile bearish market that almost took one year and half to finally finish , now bitcoin needs a lot of LIQUIDITY for the bull run we all expect .
but how will it accumulate liquidity and where will it form ?
Good question !! finally . let me explain .
BUY side liquidities are price ranges (zones) that investors find price rather UNDERVALUED .
so what they do in contrast is that they buy to keep for long-term .
AND BELIEVE ME WHEN I SAY THIS :''BTC CAN ONLY GO HIGHER IF LONG-TERM INVESTORS START INVESTING IN IT "
well also if miners would finally kindly stop selling their BTC . 😊😊 PLEASE !
so what happens is that market starts going lower and lower to give these investors the opportunity to participate .
to rap it all up , in short-term i guess market will see prices bellow 25K . its a huge thing to say and there it is i said it .
but this year we will go near or even above ATH of 69K .
$PEPE makes new ATHPrice action for meme token FWB:PEPE is insane rn.
A new all time high of: 0.00000085110
Still too early to much TA. I see an Adam and Eve double bottom pattern. Volume looks good there is FOMO. HODL until CEX listing(s).
Set new alerts: 0.0000009
0.0000010
0.0000011
feels good man
Gold in CADIt's important to look at Gold against various currencies - this can translate as a country's financial trust/stress barometer.
The Gold in CAD chart has recently formed a nice classic bull-flag on the weekly candles.
Continuation of this bullish pattern would bring Gold to a new ATH for Canadians.
Gold -> Just A Boom
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Gold is slowly but steadily approaching its previous all-time-highs exactly at the $2070 area.
All of this previous resistance which we rejected two times towards the downside in the past is now turned quite strong resistance again, just the past couple of weeks Gold is up quite nicely so I do expect at least a short term rejection away from the resistance area to retest the next support zone at $1955 before then creating the continuation towards the upside.
On the daily timeframe market structure is very bullish with today's break above resistance so I am first waiting for a retest of the previous resistance at $2000 and then from there I do expect a final push to retest the previous all time highs at the $2060 area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
MCD Mcdonalds is now at its all time highAs the market leader in the fast food industry, McDonalds enjoys global brand recognition.
It is a slow but steady gainer pays consistent dividends and always has buyers when a seller
lets some shares go at a reasonable price.
On the weekly chart over five years MCD is now at the all time high and weathered the
COVID era and recent market gyrations quite well. The EMA Cloud and Ichimmoku cloud
indicators have consistent slopes tracking in parallel. MCD is consistently above
the anchored long term VWAP showing buyers are in contro. It often uses the VWAP plus
one standard deviation for support. Fundamentally, if a recession hit when eating
customers will be looking for value as a high consideration.
My long term call options average 45% in monthly return. I will buy one more each
time there is a red engulfing candle on the daily or 4H chart.
see also money.cnn.com
Gold -> Heading For $2100Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Gold is having very strong momentum towards the upside, just the past 3 weeks the market is up about 10% which is quite a strong move for an asset like Gold.
You can also see that we are currently retesting a previous weekly resistance area from which we could see a short term rejection towards the downside, but ultimately I do expect a break above the zone and then a retest of the previous all-time-highs at around the $2100 area.
On the daily timeframe you can see that Gold already perfectly rejected the previous weekly resistance area so I am now just waiting for a break above the zone and a retest before I think we are ready for the next push towards the upside, heading for new all-time-highs.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple -> Attacking The All-Time-HighsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently breaking above a major previous weekly resistance area which we had at $153.
In my last analysis, linked below, I explained all the reasons for which I do expect a breakout, now I am just waiting for a retest of this previous resistance which is now turned support and then from there I do expect more continuation towards the upside.
On the daily timeframe you can also see the beautiful breakout above the resistance, I am now just waiting for a retest and bullish confirmation before the next impulse towards the upside is very likely to happen.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Optimism Token Reaches New All-Time HighThe cryptocurrency token Optimism has reached a new all-time high; let’s see what happens next!
What is Optimism? Optimism (OP) is a cryptocurrency built on the Ethereum blockchain. It is a new type of token used to pay for transactions on the Optimism layer 2 scaling solution for Ethereum. The Optimism protocol allows for faster and cheaper transactions by moving most of the computation off-chain while still maintaining the security and decentralization of the Ethereum mainchain.
Optimism Reaches All-Time High
OP recently reached its all-time high, causing excitement among investors and traders. The success of OP can be attributed to the growing interest in decentralized finance (DeFi) and the increasing use of the Ethereum blockchain. As more and more projects are built on the Ethereum blockchain, the demand for efficient and cost-effective scaling solutions like Optimism will only continue to grow.
Since Optimism has never reached this price before, it is impossible to say exactly where the price will go. According to the Fibonacci retracement, the next target for OP could stand around $3. According to a Fibonacci retracement, the last target of this rally stands around $3.60. We have seen rallies in the past that went above even the wildest predictions of the Fibonacci, however, these runs normally occur during a strong market bull run.
If, on the other hand, OP starts falling, there are a few different support levels that the token can count on. The first support level stands around $2.00, which is the previous all-time high. Another support level stands between $0.70-$0.80, which is around the coin’s lowest point.
ABFRLHello, my dear friends and fellow traders. What we are going to look at today is the ABFRL stock.
This analysis is based on weekly chart. This stock gains support level and breaks the previous resistance level and makes all-time high. There are opportunities to go upside because this support level has been carried the price once again to all-time high
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".