S&P 500 INTRADAY LEVELS FOR 05/03/2024BUY ABOVE - 5140
SL - 5130
TARGETS - 5150,5160,5170
SELL BELOW - 5130
SL - 5140
TARGETS - 5120,5110,5100
NO TRADE ZONE - 5130 to 5140
Previous Day High - 5150
Previous Day Low - 5130
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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APX
Possible 30%/157% trade for Appen Limited / APXHello guys :). As you can see, APPEN dumped hard and hit crucial support after half year earnings results. If it holds the light purple support we could see a breakout to the first resistance line -10USD- (30% profit).
But there is certainly more possible like the second resistance line -11.15USD (42% profit) or even the third at -19.70-USD (157% profit). For those higher targets we would need some more volume and good news for APPEN.
Do your own research / Trade at your own risk
NOT FINANCIAL ADVICE/RECOMMENDATION ( just my toughts about this stock) :)
APX - Trade PlanAPX has been consolidating for a while but the price action is very telling. It plummeted hard since August 2020 after making a peak around $44.00 all the way down to $11.00 in May 2021, ( a Fibonacci retracement of 78.6% since its IPO). The recent price action indicates that the trend may have changed after it broke out of its downtrend line coupled with High Volume. Since its recent high of around $14.70, it pulled back to 78.6% and forming a potential double bottom which indicates that there is very good support. The global POC of its Volume Profile is at $12.40, which is also a good level of Strong Support. There is bullish divergence on the MACD which is a sign of exhaustion of Selling momentum.
I am bullish APX and expect price to thrust higher. My target is $18.30 with a stoploss below the double bottoms at $10.80.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
APX - Trade PlanMy Trading Bias for APX is Bullish because price has broken the Bearish Trendline with High Volume.
TP1 ~ $28.00 (Potential Gain of 18%)
TP2 ~ $30.00 (Potential Gain of 28%)
Stoploss below $21.00
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
APX - Seems that it has found SupportSince the March 2020 lows of around $15.00 to the Highs of $43.60 recorded in late August 2020, we have witnessed weakness in price value, but I think that APX has now found good Support at around $22.00 level, which is also 78.6% Fibonacci Retracement. I think that we may see some Consolidation (Accumulation) or a rise in price above the mentioned Support Level of $22.00, imminently.
MACD has crossed, indicating a decrease in Bearish Momentum and RSI bouncing off the Oversold region which also suggests that Buyers have found value at these current levels and we may witness a bounce in price soon. My Initial Target for the trade will be the next Resistance Zone between $31.00 - $32.00.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
I will wait for $32 - $35 rangelooks like it's already oversold.
I will wait for $32 - $35 range. I definitely want to have it in my portfolio, for long term investment.
Also, I think fair price is between $28.00 to $30.00.
P.S: Please note these are my own notes for future reference, by no means trading advise to anyone.