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CVX - Short term support and resistance1. Fortune_TD, Fortune Banker trend, Fortune Crown stage: 28 Sep 2022, Fortune TD 9 and Force 9 show the trend exhaustion range, the green bar on the previous day shows this is a potential share pull back. . 03 Oct 2022, Fortune Crown red dot reverse from bottom 03 Oct 2022, Fortune Banker trend, green line shows the banker chips flow in from 26 Sep 2022, then short money cross its 5 days average on 03 Oct 2022, potentially a reversal at the bottom. 2. Support and resistance: the support is the lower price of share pull back signal (green bar), at 140.46. The 1st resistance is the gap down on 10 Jun 2022, at 173.65. 4. Summary: Based on above analysis, if the share price hit the resistance 173, and the buy point is 152, short term profit is approximate 11%. If there is no sell signal at the resistance level , then it will develop into main wave. Disclaimer : no recommendation of buy/sell, purely for TA learning and sharing.
NYSE:CVX
by phoenixfre1990
1
everyone is mad at meGold managed to hold advance toward 1249.60, 38.2% level from November 2015 lows, to highs in March 2016. Market now faces resistance at 1197 and 1206, as long as we hold below this zone another drop wave will be expected toward 1172.06. Above 1206 more advance may hit market toward 1249-1250 zone. 1249.60-1250 will be treated as resistance for the coming Short-Run which may add fuel to another drop toward 1172.06-1165 zone. Not a buyer above 1249.60-1250, instead expect to see some hard selling there and I seem to be the one spreading the bad news for any bulls expecting gold to get 20k, best of luck trading this I will be uploading a daily chart to go with this as have had many requests. Please remember to thumbs up and comment, thanks!
FX_IDC:XAUUSDLong
by TheBanker
36
Need more pharmaceutical investments?Chaps... Arena is now a pipeline company, with three phase 2's this year for now the algos have this until we get see some results and we let loose. JPM update was the golden egg, please see slides for more information (www.sec.gov) Poor $OREX longs never learn, holders now after reading the ARNA CC transcript its like a Rolls Royce to a Ford KA, ARNA has eisai paying all exp. and still takes 20% of revs,and the PIPELINE is the rainmaker! Overview on pharma as an industry? Alzheimers disease is the global emergency and health in general we are all living longer and making it to be 70 and 80 and eventually 130 and150 years old. The problem is the focus, Parkinsons, Alzheimers and ageing in general take up so much time. Governments are satisfied with dealing with the research and leaving the application side to the pharma companies, that is not a great connection. For example anti ageing is very hard in our current framework to achieve as a company, the FDA is not set up for it, the patent office is not set up for it. You could make a great anti ageing drug and lose all of your money trying to back. You need a 10-20 year project to defeat Alzheimers, it is the one case where government spending is actually warranted, like the moon landing. Its a wonderful thing for society, the world should start a drug company to focus on these areas, the one area they could partner up. In the same breath we have done a great job for cancer research has been almost miraculous, PD1 inhibitors have been really successful and cancer in general is starting to be done with.
ALong
by TheBanker
9
so glad we did this!!Morning guys, Weekend is almost over and I will be enjoying the last few hours before the markets opens and another action packed week begins. Recent rallies have been quickly sold implying NZD cannot remain at these higher levels against the dollar. November confirmed the negative momentum and after yesterdays rate further enhancing the negative outlook for weeks to come. have attached the previous nzdusd chart for comparison purposes, all the best with this position into the new year. Likes and comments always appreciated!
Short
by TheBanker
11