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COIN Completes First Post-IPO BottomAs the first of its kind, this young company has a bright future. Weekly chart: NASDAQ:COIN has completed its first post-IPO bottom formation and is holding above the completion line despite some selling down in recent weeks. The company reports Feb 15th. The fundamentals are most likely at or near the bottom completion level. The run up became over-speculated so a minor correction is underway that can dip into the completion level, but support from the bottom formation is strong with Dark Pool buy zone patterns.
NASDAQ:COIN
by MarthaStokesCMT-TechniTrader
PURPLE (PRPL) may be in the process of reversal.PURPLE, yes the mattress company, has bee getting hammered for a while now. Their stock price was mile higher than it is now, but it looks like the bottom may just be in. And, it's gone down so much, compared to what it used to be, that the risk involved in investing, or trading it has decreased as well. Keep in mind that this company is extremely subject to interest rates, and interest hikes/cuts. This would probably be a good play for some mid to longer term options plays. Just make sure there's open interest in the strike if you do buy one, as liquidity is key to options trading. Good luck, and always use a stop.
NASDAQ:PRPLLong
by MetaShackle
Right time to Long (Datapattn)Must give space in your portfolio (10% to 20% in 20 days) Why ? Data Patterns (India) Ltd ABOUT Data Patterns (India) Limited is one of the fastest-growing companies in the Defence and Aerospace Electronics sector in India. It is among the few vertically integrated defence and aerospace electronics solutions providers catering to the indigenously developed defence products industry. It is focused on in-house development and manufacturing facilities led by innovation and design and development efforts. It is in the business for over 35 years. It has supplied products catering to all the platforms, viz., space, air, land and sea, including products for LCA-Tejas, LightUtility Helicopter, BrahMos missile. KEY POINTS Leading Defence Oriented Company Data Patterns cater to the entire spectrum of defence and aerospace platforms like space, air, land, sea and under-sea. It has design capabilities across the entire spectrum of strategic aerospace and defence electronics solutions including processors, power, radio frequency and microwave equipment, embedded software and firmware and mechanical engineering. Product Portfolio Radars, Underwater electronics/communications/other systems, Electronic warfare suite, BrahMos programme, Avionics, small satellites, ATE for defence and aerospace systems, Commercial off-the-shelf (COTS). Leading product of the company is Radar with 54% contribution to the revenue. Manufacturing Facilities Company's manufacturing facility spans across 200,000 sq. ft factory built on 8.56 acres of land in Chennai. It has facilities for design, manufacturing, qualification, and life cycle support of electronic systems used in defence and aerospace applications. The facility has EMS assembly capacity of 600 boards/day. The company has 1,130 employees with 700+ qualified engineers as on 31.3.23. They commissioned a New Manufacturing facility in Q4FY23. On-Going Projects The company is currently engaged in the supply of critical products to several prestigious defence projects in India, including the Light Combat Aircraft (LCA), the HAL Dhruv, Light Utility Helicopter (LUH) and the BrahMos missile programme, precision approach radars and various communications intelligence (COMINT) and electronic intelligence (ELINT) systems. Key Customers Bharat Electronics Ltd (BEL), Hindustan Aeronautics Limited (HAL), the Indian Space Research Organization (ISRO) and Defense Research and Development Organization (DRDO). DRDO contributed 42% of the total turnover. Dependent on GOI Entities The company’s business is dependent on projects and programmes undertaken by GOI and associated entities such as defence public sector undertakings and government organisations involved in space research and Supply of products to prestigious defence projects in India Like LCA, the HAL Dhruv, LUH and the BrahMos missile programme. Data Patterns derives a significant portion (~45-50%) of its total sales from contracts with GOI entities. Order Book As of FY23, company's order book stood at Rs. 924.1 Cr. vs Rs. 476 Cr in FY22.In FY23, company had the highest-ever order inflow of Rs. 901 crores. The company got additional orders from April- May 2023 worth Rs 83.9 cr. **Liquidity ** Company has Cash and cash equivalents Rs.682.5 Cr as of 31.3.23. IPO Details In FY22, company raised 588 cr. through an IPO of which Rs. 240 cr. was a fresh issue and the remaining 348 cr. was an offer for sale. The IPO proceeds were utilized for: 1. Expanding manufacturing and testing facilities in Chennai and enhancing system integration facility. Out of the total fund raised, 51.21 crores was unutilized as on March 31, 2023. Investment through QIP in FY23 Company is making large investments in product development in Satellite, Radar, Electronic Warfare and Communications. It has raised further funds of Rs 500 Cr. through QIP for development of these products. Initially, these products will be introduced in the domestic market.The Company has issued and allotted 4,097,319 equity shares through QIP at an issue price of Rs.1,220.31/- on March 13, 2023. Out of the proceeds, Rs.462.73 crs is unutilized as on March 31, 2023. Change in Statutory Auditors Deloitte Haskins & Sells LLP were appointed as the statutory auditors in place of M/s. R.G.N. Price & Co. Fees for FY24 was decided at Rs47 lakhs exclusive of taxes and other expenses. CAPEX FY23 Company added Rs. 74.47 Crores to their gross block with capital expenditure, including Right to the Assets (ROU) of Rs.47.22 Crores on building & lease, Rs.10.77 Crores on technology infra, Rs.16.48 Crores on physical infra and the balance Rs.1.03 Crores on intangible asset addition. If you make profit, don't forget me (+919955150786) Gift a pitza😎
NSE:DATAPATTNSLong
by InvestwithJohar
NIO - Massive long at what could be the absolute bottom. I posted this a week ago but not much has changed. It was taken down by moderators because I mentioned something that went against house rules. Nonetheless: ORIGINAL POST: Nio has double bottomed on the weekly at local level with bullish divergence on the MaCD. It is also showing a clear shift in momentum on the 4H and Daily timeframes. We took this position a few days ago, and have already taken very small profits at the first tp level. I was unable to post here as my account has been hacked for the past 3 weeks and I have only just gotten it back, hence the lack of updates overall. Having said that the community took this trade. I am posting this now as I believe that if we get above 8.36 then one could strategise a trade on a backtest of that level, so you guys could enter there if you haven't already. The weekly is posted below
NYSE:NIOLong
by SynergyTradingSetups
9
ETHBTC - The Final Support and The Final CallBitcoin has been very dominant and managed to push ETH all the way to the final support line. This is a 4 years old diagonal support which crosses with a 6 years old horizontal support line. Please tell me if I am wrong, I see a three patterns when zoomed out; First is a massive rising double bottom, Second is a massive cup and handle, Third is a massive inverse head and shoulders. All indicators seems to have bottomed out as well. And on the other hand, Ethereum network is very active, wallet count is increasing, burning mechanism is working well; in the last 30 days -39,767.33 ETH were burned. It is simply deflationary. My observation causes my instincts to tell me that this is the final call before the big flippening narrative starts to be spreading again. I know BTC is the key player in crypto, but I dont see ETH getting crashed any further againts it. Do you see any bearish patterns or signals? Please let me know in the comments if you agree or disagree with me.
Long
by TheAlchemist888
3
CGC (Cannabis stock )Investing in cannabis stocks has been a rollercoaster ride, with fluctuating values due to legal, regulatory, and market factors. Despite volatility, the future looks promising as legalization continues in various regions. Motivation lies in the potential growth as the industry matures and gains wider acceptance, leading to increased market opportunities and potential profits for savvy investors. Understanding the landscape, staying informed about legislative changes, and diversifying your portfolio can help navigate the uncertainties and maximize the potential of cannabis stocks in the long run
NASDAQ:CGCLong
by TrojanBible
AUDCAD MULTI TIME FRAME ANALYSIS Hello Traders! 🌟 Today, we're diving deep into an exciting analysis of the AUD/CAD pair. Get ready, as we unfold the story this chart is telling us across various timeframes! 📈🔍 📊 Weekly Chart: We've spotted a fascinating rectangular channel, indicating a consolidation phase. A key point here is the price rejection at the lower trendline (around 0.85627). Currently, AUD/CAD sits interestingly at the mid-channel point of 0.90564, a critical area to watch. 📅 Daily Chart: Things get more interesting here! We see a Cup and Handle pattern (or a Double Rounded Bottom), hinting at a bullish future. This pattern is eyeing a breakout at 0.90567 – a level we should keenly observe. ⏱ 4-Hour Chart: Our analysis shows an ascending triangle, a typically bullish signal. The price is flirting with the resistance, also at 0.90567, mirroring the daily chart's breakout point. 💡 What This Means: The alignment of bullish patterns across multiple timeframes can't be ignored. If AUD/CAD breaks above 0.90567, we might see a strong upward move. However, always remember, the market can surprise us! 📈 Trading Strategy: Considering a long position on a confirmed breakout above 0.90567. Setting stop-losses wisely, perhaps below the recent low or the weekly lower trendline. Profit targets? Look towards previous highs or Fibonacci levels. 🚨 Risk Management: It's crucial in Forex trading. Manage your positions responsibly, and don't overexpose your capital on a single trade. 🌍 Keep an Eye on the Bigger Picture: Global economic news, especially from Australia and Canada, could sway our pair, so stay updated! That's it for today, traders! Remember, the markets are dynamic, and so should be our strategies. Trade smart, stay informed, and let's catch the next big wave together! 🌊💼 Happy Trading!
Long
by TradeChartPatternsLikeThePros
♥ ♥ Double Bottom Patterns ♥ ♥A double bottom pattern is a classical pattern that indicates a change in trend and a shift in momentum from bearish to bullish. It is composed of two consecutive troughs that bottom out at roughly the same price level. This level acts as a support for the price. The double bottom formation is a bullish reversal pattern that is created after a prolonged downtrend. In order to identify this pattern, you will need to look for the following: 1. Two distinct troughs that bottom out at roughly the same price level. 2. A moderate rally in between the two troughs, creating a resistance. 3. A break above the resistance after the 2nd trough is formed. If you see a chart with these characteristics, you have recognized a double bottom pattern. This pattern is regarded as a very reliable reversal signal, and traders frequently use it to enter long positions.
Long
by Bit-Xploid
20
Boeing Stairsteps for Swing TradingNYSE:BA has the most powerful and longest momentum run of all of the 30 Dow components. The company reports earnings on January 24th and the run up implies that the 4th quarter is likely to be better than previous quarters in 2023. This stock has moved strongly since the bottom in November and has been able to pattern out some of the speculation with stairsteps to keep the run moving upward beyond the resistance level of its range trend. Some of this movement upward is ETF developers building more ETF units for certain industries and corporations. Profit-taking is likely soon for this swing trade as it nears the long-term resistance at the 2021 highs. However, there is now support from the range of the August highs.
NYSE:BA
by MarthaStokesCMT-TechniTrader
EUR/AUD ↗️ Long Trade Setup ↗️Hello Everyone 🙋🏽‍♂️ Double bottom 🟠 EP 1.63599 🔴 SL 1.62848 🟢 TP1 1.64350 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 1.65101 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 1.65852 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by EMA_Trading
1
Swing Trade Patterns: $NKE ExampleNYSE:NKE stock has a 2-day resting pattern and then a candlestick buy entry signal that is slightly longer than its average price gains in a single day. Most Volume Oscillators are not at the top of the chart yet. Flow of funds indicators indicates money flowing into this stock. The higher line is the bottom completion level for this short-term bottom. The resistance is moderate for a swing trade, but the stock could break through if momentum to speculative buying continues.
NYSE:NKE
by MarthaStokesCMT-TechniTrader
Spot A Reliable Bottom Pattern 👀Hi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 Are we there yet? Are we THERE YET? Now? How about NOW ?? We can't help it - towards the end of a bearish cycle, we're all wondering - when are we bottoming? In today's chart, I've pulled up a few of my favorite candlestick patterns and chart patters. I find these especially useful in higher timeframes. And yes, there are MANY MORE. These are just some of my favorites. These patterns are what I will be looking for in this part of the cycle (accumulation phase). During this part, there can be lot's of foul play, noise, shakeouts etc. I personally won't be convinced of a reversal until a clear pattern can be observed. While you're here 🖐 Want to know a little more on how to do distributed entry's / dollar-cost-average? See HERE: _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
28
Bitcoin's - not so - Unexpected Rally: Two Patterns, Two TradesDear Esteemed TV Members, B efore diving into the Bitcoin price analysis, it's crucial to emphasize that price alone doesn't tell the whole story. A bullish price forecast doesn't automatically translate into a secure investment. I want to clarify that I recently sold most of my BTC holdings due to liquidity concerns. The crypto market can be unpredictable, and a substantial increase in demand, which we witnessed, can lead to liquidity challenges. It's essential to consider various factors when making investment decisions. Let me share my insights into BTC's price and what indicators hinted at the recent developments on the chart. T he two positions on the chart are the pattern indications we'll focus on in this tutorial. I'll highlight two patterns that foretold BTC's bullish trajectory, but please note that other patterns and indicators could have pointed in the same direction. These are just two examples that caught my attention. Rounding Bottom L et's start with the first position, a trade from October 14th to October 24th, aptly named the Rounding Bottom. As the name suggests, this pattern resembles the lower half of a circle or an oval. Rounding Bottoms typically emerge after extended bearish trends. In bearish trends, bearish candles tend to outweigh the bullish ones, leading to increased volatility. The heightened volatility often results in corrective bullish candles that might surprise inexperienced investors. Many people mistake these bullish candles for a full reversal or overextend their positions. However, it's essential to remember that strong trends, whether bullish or bearish, can be quite volatile. S trong trends also tend to form bottom formations. While these bottoms can take various shapes, the Rounding Bottom is the focus here. One insight to observe is the decreasing candle sizes. After October 11th, the volatility decreased, leading to both smaller bearish and bullish candles. It indicates a change in the trend, though not necessarily a bullish one. A nother critical aspect to consider is decreasing volume. Reduced volume doesn't automatically signify a reversal. Bottom formations can include scenarios where the volume spikes before a sharp price increase. However, the decreasing volume in this context indicated a shift. I n addition to reduced volatility and volume, the candles started to form the characteristic oval structure. The price also stabilized on multiple Exponential Moving Averages (EMAs). To identify the pattern as a Rounding Bottom, I had to monitor the candles for a few more days, relying on not only their appearance but also considering volatility, volume, liquidation data, and EMA analytics. T he Rounding Bottom aligning with these indicators provided a degree of confidence in its bullish nature. However, the job was far from done. My initial target price was set based on a resistance trendline drawn from previous local tops, depicted on the chart in purple. AI analysis indicated that the price was likely to reach at least this level. Indeed, it did, and while the rally could have concluded there, the absence of clear top formations and the price stabilizing above EMAs 20, 50, 100, and 200 prompted me to keep the long position until October 24th. Broadening Wedge D uring this period, my pattern recognition algorithm identified a signal of a different formation between October 24th and 27th, a Broadening Wedge. Now, a different formation doesn't necessarily signify a reversal. Broadening Wedges often indicate an escalation of the existing trend, which, after the Rounding Bottom, had been bullish. This aligns with the general behavior expected in textbook examples. B etween these two long positions, there's a notable period where I refrained from taking a position. I also closed any existing positions due to the limited number of candles to identify any pattern with confidence. It's important to note that the more time you can observe a pattern forming, the higher the probability of getting it right. Jumping to conclusions based on just a few candles might lead to incorrect assessments. I n both the Rounding Bottom and Broadening Wedge, I excluded numerous other patterns. When analyzing the market, it's vital to exclude multiple possibilities before settling on a particular pattern. This increases the chances of accurately identifying the pattern in question. T his tutorial offers insights into pattern recognition, target price setting, and stop loss selection. However, remember that these are potential approaches to expand your understanding. Historical results don't guarantee future results. While these patterns proved helpful in this instance, other investors might have identified different patterns leading to similar or even better outcomes. "Too long to read, but I want to learn" tl;dr I found a Rounding Bottom, then a Broadening Wedge. Rounding Bottom shifted the trend from bearish to bullish, and Broadening Wedge continued the bullish trend. It's only a short-term insight from the past and doesn't necessarily reflect my long-term view about the asset or any future view. Kind Regards, Ely
BITSTAMP:BTCUSD
by Elysian_Mind
📉 The Tightening MA 100 and MA 200: A History of Bull Markets Cryptocurrency markets have an intriguing history of patterns and cycles. Many traders have observed a notable sign that often heralds a bull market: when the Moving Averages (MA) 100 and 200 start to converge. This historical market indicator is back in focus as recent market conditions have seen these moving averages constrict. The Significance of Moving Averages: Moving Averages, particularly the MA 100 and MA 200, are essential tools in technical analysis. When these two indicators converge and approach each other, they often create a technical event called a "golden cross." This suggests an impending shift in market sentiment from bearish to bullish. Contraction as a Prelude to Expansion: Notably, this time around, the market displayed an even more compelling scenario. Not only did we witness the MA 100 and MA 200 coming close, but we also saw a dip below these averages. This event created a historical context where traders had to navigate the market under the MA 200, which was followed by a swift recovery. The Essence of Challenges: In the world of trading and investing, it's essential to remember that difficult times often cultivate the strongest individuals. These challenges, which include price volatility, market manipulation, and psychological pressures, help shape resilient and knowledgeable traders. Trading Strategy: Preparation for the Future: Traders are increasingly vigilant of the MA 100 and MA 200 interaction, especially when it comes to the potential formation of a golden cross. While historical patterns offer insights, it's critical for traders to adapt their strategies based on the current market climate and the broader economic landscape. Conclusion: Lessons from History The market's oscillations have offered lessons over the years. As the MA 100 and MA 200 constrict, market participants are reminded of the significance of this historical technical indicator. While challenges often precede opportunities, they can also shape traders into more adaptable and resourceful individuals. 📊 Market Analysis | 🧠 Trader Insights | 💹 Technical Indicators ❗See related ideas below❗ What are your thoughts on the convergence of MA 100 and MA 200?💚📈💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
1
ROUNDED BOTTOM/SAUCER PATTERN FORMED IN COAL INDIATECHNICAL ANALYSIS - ROUNDED BOTTOM/SAUCER PATTERN : An inverted bottom was formed in the monthly chart of coal india from 2nd may'19 to 2nd may'22 and it was broken out afterwards REVERSAL FROM 50D & 100D SMA : Market has taken reversal from 50D & 100D sma crossover on daily timeframe after hovering around that zone for a very long time STRONG SUPPORT-RESISTANCE ZONE : Market has also broken out of a very powerful zone and has taken reversal from that zone indicating strong upward momentum SURGE IN VOLUME : Volume had also surged heavily from the beginning of 2021 indicating upcoming strong market movement PROFIT market has finally reached the profit target of 276 which is equivalent to the height of the saucer pattern
NSE:COALINDIALong
by peace_lover