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Bat

FBU Fletcher Building Monthly Near buying levels...FBU Fletcher building near buying levels Currently getting near demand level, currently has forward dividend of 11% but earnings have shrunk dramatically to loss making and likely going to restructure business or resize operations No action as yet as there is no clear signal right now to buy, but it is definitely on my watchlist and hoping it drops in the next 2-3 months so I can buy lower at multiple support levels and lift my dividend % when it turns around again The gap between the preferred $2.70 and $1.80 is quite wide so I might dip into a position at $2.70 and then load up the rest at $1.80 if it gets there Fletchers is a pretty iconic NZ business but does have a pretty high debt level of 106% debt to equity so there needs to be a shift to reduce this if this involves developments that are funded by debt they need to be converted back into equity... Likely needs some management and operational changes as current formula of negative profit and high debt to equity is not working... nor sustainable...
NZX:FBULong
by dionvuletich
BTC Bullish BAT Harmonics 42000-38000 coming soon1. Market Analysis: Asset: Bitcoin (BTC) Pattern: Bullish BAT Harmonic Key Price Levels: $42,000 - $38,000 2. Harmonic Pattern Details: BAT Pattern Overview: The BAT pattern is a harmonic pattern that consists of specific Fibonacci retracement levels. It is considered bullish when it completes near the 88.6% retracement level of the XA leg. X to A: The initial move, which could be a sharp rally in this case. A to B: A retracement to 38.2% or 50% of the XA move. B to C: Another rally or drop that retraces 38.2% to 88.6% of the AB move. C to D: The final leg that completes the pattern, retracing 88.6% of the XA move, typically signaling a potential reversal. Completion Zone (D): The pattern suggests that BTC could find strong support between $42,000 and $38,000, which is where the pattern completes. This zone is critical for the potential bullish reversal. 3. Trade Setup: Entry Point: Consider entering a long position if BTC reaches the $42,000 - $38,000 zone and shows signs of a reversal, such as bullish candlestick patterns, increased buying volume, or confirmation from other technical indicators. Stop-Loss: Set the stop-loss slightly below the $38,000 level to protect against a deeper move down. This placement accounts for potential market noise while safeguarding your capital. Take-Profit: Determine your take-profit target based on key resistance levels above $42,000. Possible targets could be around $48,000, $52,000, or even higher, depending on the market structure. 4. Risk Management: Position Size: Calculate your position size based on your risk tolerance and the distance between your entry point and stop-loss level. Only risk a predetermined percentage of your trading capital per trade (e.g., 1-2%). Risk-Reward Ratio: Aim for a favorable risk-reward ratio, ideally 1:2 or higher. This means if your stop-loss is $4,000 below your entry, your take-profit should be at least $8,000 above your entry. 5. Additional Confirmation: Volume Analysis: Look for increased volume as BTC approaches the $42,000 - $38,000 zone. A spike in volume could indicate strong buying interest and confirm the potential reversal. Fibonacci Levels: Use Fibonacci retracement levels to identify potential resistance zones for take-profit targets. 6. Trade Execution: Place Orders: Set your buy order, stop-loss, and take-profit levels according to the above criteria. Monitor the Trade: Keep an eye on the trade to manage it effectively. Adjust the stop-loss to break even or trail it as the trade progresses in your favor. 7. Review and Adjust: Post-Trade Analysis: After the trade is closed, review the outcome to learn from the trade. Evaluate what worked well and what could be improved for future trades.
Long
by MAAwan
USD/CHF Bullish Setup: Harmonic Pattern & RSI Divergence AlignedThe USD/CHF pair is currently exhibiting a Bullish Bat Harmonic Pattern on the daily chart, which is aligned with a key support area. This setup suggests potential bullish momentum in the coming sessions, supported by multiple technical indicators. Harmonic Pattern Analysis: The Bullish Bat Harmonic Pattern is identified, signaling a potential reversal from the current downtrend. The pattern aligns perfectly with a significant support zone, increasing the probability of a bullish reversal. This convergence of harmonic patterns and key support areas often leads to a high-probability trade setup. Key Support and Rejection: The price has shown a strong rejection at the key support level of 0.85115, further solidifying the bullish outlook. The rejection at this level suggests that buyers are stepping in, preventing the price from falling further. This support level has historically acted as a pivotal zone for USD/CHF, adding credibility to the current bullish scenario. Bullish RSI Divergence: Adding further confluence to our bullish sentiment is the Bullish RSI Divergence observed on the daily timeframe. As price made lower lows, the RSI indicator formed higher lows, indicating a potential reversal in the trend. This divergence reinforces the likelihood of an upward movement in the USD/CHF pair. Trade Setup: Entry: 0.85115 Stop Loss: 0.83985 Take Profit Levels: TP-1: 0.86245 TP-2: 0.87375 TP-3: 0.88505 Conclusion: The confluence of the Bullish Bat Harmonic Pattern, key support level, and Bullish RSI Divergence provides a compelling case for entering a long position on USD/CHF. The outlined trade setup offers a favorable risk-to-reward ratio, with clear levels to manage the trade effectively. Traders should monitor price action around the entry point to confirm the bullish momentum before executing the trade. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading in the forex market involves significant risk, and it is essential to conduct your own analysis before making any trading decisions.
Long
by trading_jupiter