Trading Strategy for Parabolic Markets [Part 2]In Part 1 I outlined an approach that I have been working on that's aimed towards trading parabolic markets. Now we look at some trades!
Amazon
Daily
Notes: Hyperwave Phase 4 if it supports throwback to prior ATH’ | 10 MA > 50 MA > 200 MA | Daily ADX recently crossed 25 | Weekly ADX = 37 and is currently crossing +DI | Daily RSI = 61.46 & Weekly RSI = 74.78 | Cluster of support at $1,720 from: prior horizontal resistance, 50 day MA, phase 4 hyperwave, the weekly and daily TDST levels, weekly Tenkan-Sen and the daily Ichimoku Cloud.
Q-2 Earnings Report: Expected earnings per share: $2.49 vs $5.07 actual earnings per share for a +103% surprise.
Time Analysis: Horizontal meets trend on 8/6/18
Possible Entries: Blind order at $1,720 | Buying consolidation at horizontal + trend + 50 MA + cloud support | Waiting for green 2 to trade above green 1 on the daily
Microsoft
Weekly
Notes: If it supports throwback to prior ATH’ then phase 3 is confirmed | 10 MA > 50 MA > 200 MA | ADX > 25 | Weekly RSI = 71.14 | Daily RSI = 59 | Cluster of support at $102 from: prior horizontal resistance, 50 day MA, phase 4 hyperwave, daily and weekly TDST levels, weekly Tenkan-Sen and the daily Ichimoku Cloud.
Q-2 Earnings Report: Expected earnings per share: $1.07 vs $1.13 actual for a +5.61% surprise.
Time Analysis: Trend meets horizontal support on 8/10
Possible Entries: Blind order at $103 | Buying consolidation at horizontal + trend + 50 MA + cloud support | Waiting for green 2 to trade above green 1 on the daily.
Risk: 5.31%
Potential Return: +92.5%
Risk:Reward = 18.5:1
Alphabet
Notes: Tyler Jenks said that he is waiting for new ATH, throwback and new ATH to confirm phase 4 of the hyperwave (pink dotted) | 10 MA > 50 MA > 200 MA | Support cluster at $1,196 from: prior horizontal resistance, phase 4 of the hyperwave, daily and weekly TDST level, weekly Tenkan-Sen & Kijun-Sen and daily cloud.
Q-2 Earnings Report: Expected earnings per share: $9.45 vs $11.75 actual earnings per share for a +24.34% surprise. Better than expected earnings despite $5B fine. $32.66B in Q-2 revenue vs $26.01B during Q-2 of 2017. Expected: $6.7B income on $25.6B in revenue. $8.27B in revenue and $4.54 earnings per share.
Time Analysis: Horizontal support meets hyperwave on 9/17 | Green 3 > Green 2 on the weekly indicates 6 weeks left to the upside.
Possible Entries: Blind order at $1,198. Buy consolidation with reversal candles at support cluster. Wait for green 2 to trade above a green 1 on the daily.
Risk: 10.5%
Potential for return: +92.5%
Risk:Reward = 8.8:1
The Boeing Company
Notes: Hyperwave phase 4 | 10 MA > 50 MA > 200 MA | ADX < 20 while price consolidates inside triangle | Currently getting support from daily cloud and 50 day MA | Weekly RSI = 64 | Daily RSI = 55.61
Q-2 Earnings Call: Expected earnings per share: $3.45 vs $3.33 actual earnings per share for a -3.48% surprise. $4.7B of operating cash and repurchased $3.0B of Boeing stock. Paid $1B in dividends, reflecting a 20% increase from last year. Q-2 Revenue = $24.3B with a higher volume of commercial deliveries and a favorable mix of services and defense contracts.
Time Analysis: Triangle will be 66% completed on 10/30 and that is the most likely time for a breakout to occur.
Possible Entries: Breakout of $380 that is supported by volume | Throwback to $380 on decreasing volume | Green 2 > Green 1 after breaking out from $380
Risk: 9.16%
Potential Reward: If triangle is a bull flag and 9/5/16 to 2/12/18 is the pole then the target = $617 or +64.53%
Risk:reward = 9.16%:64.53%
Saved the best for last and ran out of room. Will have to make this a three part post.
Alphabet
Alphabet Inc Class A | MAXOUT your SHARES - WAVE IN ACTIONThe partnership between Google and HTC will have several HTC employees join Google's growing hardware division. Google also announced it acquired non-exclusive rights to some of HTC's intellectual property in a separate deal.
Upcoming products by Google will generate enough sale to boost revenue by 100% from Bottom by the end of this Fiscal year,
this October 4th, a new segment by Google will be released under the name of "Pixel 2" and "Pixel 2 XL" the main focus here is to
gather more information about the new upcoming products because they are expected to heal the previous wounds on Alphabet Inc
we'll be updating you with more information as they strikes in,
Let us know in the comment what you think!
Google, Bullish Fundamentals AnalysisAs you can see from the chart, at the moment, Tesla is bouncing between a support and a resistance level. The Bullish Trendline is also playing a key role. Last earnings release was stunning with a surprise of over 40% . Fundamentals are definitely bullish and price action just did a sideways correction.
Everything seems ready for a new strong uptrend that will be only confirmed by a strong break of the resistance area.
Sky is not the Limit
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
Google-Buy on dipsWe like FAANG Facebook , Amazon , Apple , Netflix, and Alphabet
Then we play long with them
Major resistance : All time high , 1200
Major support : 1000
Major trend : Uptrend
Status : ranges in 1000-1200 (It could be triangle form - waiting market to pick direction)
Chance to buy (buy on dips) in area 1000-below
with SL below area 900 TP All time high / higher
Use 1%rule with Google, Margin 100USD : 10000USD portfolio
Google - My #1 StockChart Analysed: Google ( Alphabet )
Time Frame: Daily
Predicted Direction: Long
Google ( Alphabet ) updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Time to GOOGLE IT ? Price have been recently moving in consolidation. Resistance have become support. 1000 even number. 38.2% fib retracement support from the 2016 move. 61.8% fib retracement from the previous leg of the move. Long-term buying opportunity. RSI oversold with signs of divergence. Coppock curve confirms it heading north with divergence. Target fib extension Good Luck
GOOG: AlphaBet Nature of the Beast AlphaBet GOOG Nature of the Beast
This has been a disappointment since rallying from the 987 line.
It's a similar pattern to the one shown at the green arrow at
close to the same point in time as last year - a double top
followed by a decline to the top of the last earnings gap, then
followed by a 50% retracement of the previous rally and
multiple tests of the 904 line before it finally rallies 32% to
the 1186 high.
This time around the pattern is similar, with another 50%
retracement (of the previous rally from the 987 line to the
ATH) - but the lows at the 987 line have filled the last
earnings gap (to left of chart) where the last fractal held up
at 904, the top of the preceding earnings gap.
It can spend some time making multiple tests of the 987 line
where it's a buy again with stops under 980.
The S&P continues to move in its shadow.
But all is ultimately good whilst 987 holds.
Same for S&P and world markets too.
GOOGL 5-Day Ahead Prediction 04/30 - 05/04 PeriodArtificial Intelligence/Deep Learning Enabled 5 Day Ahead Predicted values for Alphabet Inc Class A ( GOOGL ) have been plotted on the chart.
The method used in this prediction is Deep Learning/Artificial Neural Network based, and using complex mathematical models/methodologies to analyze and extract hidden time series features in vast amounts of GOOGL related data. The "trained" and optimized neural network then generates the multi-day ahead predictions which are plotted on the chart and given in the explanation below.
The expected 5 Day Change is 1.643 %
Predictability Indicator is calculated as : 0.826
Predicted 5-Day Ahead Prices are as follows:
Mon Apr 30 Tue May 01 Wed May 02 Thu May 03 Fri May 04
1039.2 1044.8 1047.4 1048.3 1048.3
Please note that outliers/non-linearities might occur, however FinBrain's Artificial Intelligence/Deep Learning Enabled predictions indicate the softened/smoothed moving direction of the stocks/commodities/World Indices/ETFs/Foreign Currencies/Cryptocurrencies.
GOOG: AlphaBet AlphaBet With One Bound It's Free - Buy the next dip
That massive triangle has finally been broken above with one
giant leap across the border - incredibly bullish for Google and
therefore for all world markets.
A major buy with stops below 1042 line and upside at 1180.
Same with SandP - pressure lifted. No war, as the chart was
predicting - a nice RHS on SandP too, next chart
There's resistance at 1064-5 in very near term - may get a last
chance to buy from lower as it hits this level very soon now. Look to buy the dip.
Upside about 118 points, downside 20 from here.
GOOG: AlphaBet Trading opportunities Coming SoonAlphaBet GOOG Neutral inside the Triangle
No trade here inside the triangle except for day traders.
But a decent break is coming close now here - a break above
the line at 1040 - it may only rally to 1043 to begin with and
then come back to 1040 again and a little lower to flip long
stops too close. And then if it's going to be a decent trade it
should bounce and start to power through 1043 -
If so can follow long to 1163.90.
And if a swing trader can hold for longer term.
But whilst within the triangle AlpaBet is still not out of the
woods. A fall below 1016.50 (not a spike) will trigger a
shorting opportunity back to 1003.64 and then to 992.63.
And as Alphabet goes, so goes the SandP- and all other
markets worldwide.
It's about a 1.5% probability that Putin is dumb enough to get
into a fight with Trump. Like with Fat boy Kim it's 99% posture
- makes him look tough after the event.
Would YOU pick a fight with USA?
Unless over the dollar. That's where the real war is going on.
GOOG 5-Day-Ahead Prediction - 04/11-04/17 PeriodArtificial Intelligence/Deep Learning Enabled 5 Day Ahead Predicted values for Alphabet Inc Class C ( GOOG ) have been plotted on the chart.
The method used in this prediction is Deep Learning based, and using complex mathematical models/methodologies to extract hidden time series features in vast amounts of GOOG related data.
The expected 5 Day Change is 1.647 %
Predictability Indicator is calculated as : 0.806
Predicted 5-Day Ahead Prices are as follows:
Wed Apr 11 Thu Apr 12 Fri Apr 13 Mon Apr 16 Tue Apr 17
1039.5 1043.0 1046.1 1048.6 1048.6
Please note that outliers/non-linearities might occur, however our Artificial Intelligence/Deep Learning Enabled predictions indicate the softened/smoothed moving direction of the stocks/commodities/World indices/ETFs/Foreign Currencies/Cryptocurrencies.
Feel free to contact us for your questions.
GOOGL 5-Day-Ahead Prediction - 04/02-04/06 PeriodAI/Deep Learning Enabled 5 Day Ahead Predicted values for Alphabet Inc Class A - GOOGL have been plotted on the chart.
The method used in this prediction is Deep Learning based, and using complex mathematical models to extract hidden time series features in vast amounts of GOOGL related data.
The expected 5 Day Change is 5.06 %
Predictability Indicator is calculated as : 0.818
Predicted 5-Day Ahead Prices are as follows:
Mon Apr 02 Tue Apr 03 Wed Apr 04 Thu Apr 05 Fri Apr 06
1058.2 1070.9 1079.1 1085.4 1089.6
Please note that outliers/non-linearities might occur, however our AI Enabled predictions indicate the softened/smoothed moving direction of the stocks/commodities/World indices/ETFs/Foreign Currencies/Cryptocurrencies.
ALphaBet The World by the TailAlphabet: Goog
Google aptly re-named itself, becoming the world's biggest
Alpha Bet in the process.
So goes Google, so go world markets.
It was expected to hold up at 987 line but in the event
the low fell at 982. If you went fishing down there it's now just
approaching key resistance at the 1024 line.
Close out here and only get long again once 1025 is broken
above with stops 6 lower.
The next most vulnerable point on the upside is the upper dynamic at 1032
It has to break above here and then hold on the retest at 1025/4 to show that this is escaping the downtrend and worth adding or going long again at that point if so with stops below 1020
Then once it can break above the upper dynamic to start attracting more buyers still from there
ALPHABET: GOOG Nature of the BeastALPHABET: GOOG
Alphabet has two habits: it makes significant double tops
quite often (3 times in this 2 year bull run so far) and when it
creates a gap at earnings season it usually comes back to fill
that same gap around 4-5 months later - and when does this it
tends to do it twice, creating double bottoms as well as
double tops. This is the one stock amonst the FAANGs that
displays this kind of repeat behaviour so clearly, with one
glaring exception, shown at the blue arrow. The biggest
correction in the run is 15% in early 2016. Taking 15% off the
highs = 1000. And 20% is 940, which coincides with fixed
support at 942 and the lower supporting parallel. Perhaps in a
panic it may spike this low but looking at past behaviour it
should find support again at 987 by the close if it does fall this
far first. Major suppoort exists at 904-900. It will take a close
below here to derail this train.
Alphabet predictions > the chart speaksThis is my first chart with technical analyses made on alphabet.
I have drew the trend alphabet is following since a while and it looks like we are heading to the next fibonacci level. This level will give some resistance and we will probably see it going down.
I will keep you updated when my first prediction is right!
Like and leave a comment.
ALPHABET: GOOG Volatility = OpportunityAlphabet: GOOG Curious Case of the Unfilled Gap
Normally when Google beats earnings expectaions it tends to gap up and away for a couple of months or more and then,
eventually, momentum begins to wane and it comes back off to fill the gap. It's been that way for so many quarters now
and every gap has always been filled in the end - and notice when it does get filled that moment (that day, not minute as
with Bitcoin) presents the best buying opportunity you will find...every time....because it tells you in advance where the
low should be. Helpful if you're looking to build a long position in any FANG. Works every time. Except once. That red arrow
at 900 shows the one large gap here into new high ground that has never been filled. Friday's price action has led to a second
test of the last gap created during last earnings season. For those with a technical interest there is also a fabulous island
reversal showing at the very top of the rally with a tiny gap created to left of the red arrrow at 1160 followed by the
massive fracture which begins from the same level. The ensuing bear rampage takes price all the way back to that
same gap zone before it bounces again. Mind the Gaps. They are very interesting from a technical perspective and create
some great short term trading opportunities on the rare occasions when a stock like GOOG runs into a consolidation phase.
Having bounced from the gap zone GOOG has rallied to test the underside of the structure to its left at 1046-1050 and
come to a temporary halt at 1037. Nasdaq is likely to remain volatile next week, the environment we need to go out scalping
Maybe Goog can still make a getaway from the gap zone, just as it has always done in the recent past (bar1) - but if so it
still looks like it will need a retest to prove it. Whilst unable to move and hold up above 1046-1050 it's likely to retest
996-987 again. And if at any point on Monday 987 gives way it can be shorted back to 961. Then if this level in turn fails it
can be shortred a second (or third) time to 942 and most likely back to the lower parallels where it becomes a buy
again if struck with stops below for those who may have been waiting to buy Alphabet for the longer term. A 20% decline
would create a target at 948 and 21% at 937.
On the upside Goog has to move above 1050 and then hold up at 1037 on any retest to trigger a long but only if it holds up
well at 1037 and then moves up through 1050 with some volume behind it - then it can be followed up to 1080 but run
a stop up underneath it quite tight just in case it fails. The next near term long shot from here triggers from 1085 to 1120
and then from 1125 to the top of the gap at 1159.
As to the case of the unfilled gap...to fill the missing gap the parallel will have to be broken. Google likes to fill big gaps.
It's in its nature. It could happen eventually and if it breaks below 987 come Mondaythat will be the first signal that either
the parallel or the gap itself will become the final low. More as this move develops.
Alphabet:GOOG Long term and short term targetsALPHABET: GOOG THE Alpha Bet
Google goes on and on, creating a wide pair of parallels as it
pushes relentlessly onwards. Only the Regulators can stop
them. If Bitcoin's your favourite girlfriend, Google is your
mum, (or should be, with Facebook as dad).
Looks like Alphabet should push higher towards 1075 where
the upper parallel waits to repel it., or at least halt its
advance for a while - and what's good for Google is good for
world markets usually. (Nasdaq, next comment, is poised to
rocket 280 points provided it opens up and moves higher from
the open, as looks likely at moment, barring disasters
between now and Monday open).
Over the longer term, in a year's time, Alphabet should be
trading between 1450 and 1500, slowly grinding ever higher,
and likely still within the long term controlling parallels shown
on the chart. Stops for long term holders can be raised
to just below 950