Alltimehigh
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".
SPY Price action is a bit different this time aroundUmmm, the fast and short answer is that I am overall bearish on the SPY and anticipate we ultimately get rejected from this ATH (all time high) trendline ...however, it is starting to get complicated, lol.
Disclaimer: Be aware the following comments are just my observations and I am not a professional trader. I am school teacher by day and stock junky by night, lol. I just enjoy looking at the charts, doing light TA and occasionally making a little money, lol.
Anyways, here we go:
We have finally reached the major downward sloping trend line or what I call the all time high trendline (ATH). There is the possibility that we can get a slight push above the ATH (all time high) trendline (currently $408-$407.5) - with the more likely contested area being between $409 - $415. I’m still a bit confused as to why anyone would think SPY would ever "breakout" above of this downtrend now. Our government is aggressively trying to reverse inflation - a breakout would be fighting against their efforts. I know I've said this a few times before - but a breakout would be flirting with a bull market - and I guess if that were to happen, I'd imagine that the FED would not only continue interest rate hikes, but they would also become even more aggressive. With that being said, I guess it would be judicious for me to also explore the bullish side of all of this, lol.
Price action has been unusual and unlike the past two occasions we’ve approached the ATH trendline, this time has been with tremendous momentum. Also, it’s worth noting we’ve been in the general trend line area for over 3 days. The first time we touch the trendline (March 29th) we spent about 24 hours before diving back down. The second time (August 16th) we were rejected immediately. However, this time around we tagged the trend line around 3-4 times and even broke above it one of those days. Here is a pic of the charts for comparison:
This could mean nothing at all – but I do think it is important to note that this time around it has been different. Perhaps it is signaling that the bear market is near it’s end but we might have one more leg down coming.
…Oh and I just want to address one more thing, lol. The “Christmas Rally” - for all those who might be confused about when Christmas rallies typically occur, here you go: “A Santa Claus rally describes a sustained increase in the stock market that occurs in the week leading up to Dec. 25.”
Santa Claus Rally Definition (investopedia.com)
A very real possibility is that SPY begins that leg down now (as in next week, lol), creates the ultimate bottom (possibly the $330 area) and then Santa comes along sometime after the 18th and saves Christmas – and the market, lol.
Elon implements Crypto at TwitterElon is bringing the heat. after releasing the media coverup story of the decade, has gone on to announce that his newly acquired twitter will be implementing crypto features shortly. Meaning that purchasing your twitter badge subscription along with other features causing real world adoption for crypto to start. lots of folks dont see the practicality, but knowing Elon he will adopt this by accepting memcoins such as doge, shib, and perhaps his namesake dogelon mars. Just a guess but 25k% on the upside aint a bad bet to take. goodluck out there traders
WFRD - Weatherford InternationalSitting near all-time highs, WFRD is one of the strongest looking setups in the market. Enormous EPS growth estimates for next year, coiling up tightly post-earnings, showing massive relative strength.
A breakout on volume for this name would be one of the very few breakouts that I would trust in the current market. Energy stocks seem to have the ability to be one of the few areas of the market that's able to kick the bear in the face.
W Bottom to Momentum Run Example: CATWeekly Chart of CAT: this is one of the Dow components that is nearing its previous all-time high resistance levels. It is one of the first few Dow 30 stocks to challenge prior all-time high prices.
Caterpillar Inc. has been running with momentum that will now pause or stall at this level. Now, watch to see which support level holds as profit-taking continues.
This is NOT a trading range but an intermediate-term correction ending with a W bottom. Important to note the differences. A bottom after a correction tends to set up for momentum runs that can sustain longer than they do within a trading range.
important levels marked.well as of now US market is 1.5% up. if banknifty brokes its all-time high then there is a chance of having a good trend day tomorrow. so wait for your long entry and if possible try to hold your winners and cut your losses short to stay longer in the stock market.
because it was a holiday today so there will be the effect of theta decay as well. keep that thing in your mind traders.
Best of luck.
SBIN - Bullish Price Action Analysis NSE:SBIN has already activated Harmonic PRZ 1.272 level in weekly timeframe of the target price 583.
BUY:
if price sustains above 520-522.
SELL:
if it not sustains above 520. you may get some profit booking up to 475.
Chances are more in favor of buyers to make new All time high so do accordingly.
ADANI WILMAR, GOOD SUPPORT.the stock has given about 175% approx returns in just 7 months.
it could be possible that, it could hold onto this support, and then start moving, but now its good time to buy. stock has been in a good rally, and i dont see, it will go down, and nullify the rally. i dont see further fall in the stock, and going more lower to its supports.
the stock is just holding onto its support line, and may go up in some time.
TARGET: 875(27%APPROX)
STOCK WILL BE REACHING ITS ALL TIME HIGH.