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Bounce

$DT - A Lesson in Supply and Demand$DT is a wonderful ticker for examining how Supply and Demand Zones work while trading. As shown on our chart, once we've identified a potential supply zone, denoted by the red box, sellers will consistently step in at this range, and price will consistently reject until we break out. Upon breaking out, this demand zone becomes a SUPPLY zone, denoted by the green box. Now, at this exact same zone, we'll have buyers stepping in instead of sellers. Price will now consistently reverse and bounce here, allowing us to safely enter longs. To top it all off, we're sitting right at a long-term support trendline, AND a demand zone as well, meaning we have an extremely safe long entry leading into this trade. I'll keep my eye on this ticker going into the new year.
NYSE:DTLong
by FluxTrades
$XBI - Fundamentally Undervalued, Strong Bounce Off Of SupportI posted the wrong chart when doing my analysis on this ticker last time, so I'm here to update my error! This is a very interesting sector to keep an eye on after it's gotten relentlessly hammered for the past six months. There are now over 100 biotech stocks selling below cash, meaning these companies literally have more cash on their balance sheet than their entire market cap! Furthermore, there are 300 additional biotech stocks selling at 1/2 cash (50% of their balance sheet is at least half of their current market cap). There are an insane amount of bargains within this sector, and the entire sector is poised to make a reversal after a strong bounce off of support, and bullish engulfing candle on the daily. I wouldn't be surprised to see this entire batch of stocks start to perform very well over the following months. A trip back to the 130s is almost inevitable.
AMEX:XBILong
by FluxTrades
3
$XBI - Fundamentally Undervalued, Strong Bounce Off Of SupportThis is a very interesting sector to keep an eye on after it's gotten relentlessly hammered for the past six months. There are now over 100 biotech stocks selling below cash, meaning these companies literally have more cash on their balance sheet than their entire market cap! Furthermore, there are 300 additional biotech stocks selling at 1/2 cash (50% of their balance sheet is at least half of their current market cap). There are an insane amount of bargains within this sector, and the entire sector is poised to make a reversal after a strong bounce off of support, and bullish engulfing candle on the daily. I wouldn't be surprised to see this entire batch of stocks start to perform very well over the following months. A trip back to the 130s is almost inevitable.
AMEX:XBILong
by FluxTrades
$QS - Multiple Supports BelowQS has had a pretty nasty drop over these past few weeks, running up 100% after stellar earnings, before ultimately coming down 50% back to where it started. We're currently sitting right at a demand zone, with multiple levels of support sitting underneath. I plan on scaling in a small position tomorrow after FOMC, and adding more if we dip to the levels of support down under. I expect we're going to get a pretty solid reversal sooner rather than later. This setup is reminiscent of the $PYPL chart I posted about a week or two ago. GLHF everyone!
NYSE:QSLong
by FluxTrades
1
ETH Ethereum Long Idea ETH has been victim to the sell-off that's occurred in the cryptocurrency markets in recent weeks. The price has finally broken below the key $4000 number which is a worry. However, in the short-term a bounce back to the $4000 level is likely considering the recent price action of ETH. The RSI levels for ETH on the 4hr chart remain oversold which shows that a change in momentum is possible, at least in the short term. The price has also found temporary support between $3750-3800, if this holds then a retest of the $4000 area is plausible. The stop loss area for this trade will be at $3680 which is 4% of the trade size.
BITSTAMP:ETHUSDLong
by Orion-Markets
WOOUSDT - Long term entryHad a very long consolidation period with lower highs and higher lows, now almost back to the consolidation (order block) from before the move up. A lower low in that consolidation zone with a divergence could give me a very nice (long-term) entry. This consolidation zone also contains the POC (Point of Control) of the consolidation. This is where the most volume has been traded and thus is a place where historically bulls and bears fight for control. Would be even more interesting in combination with a Bullish Divergence on the RSI. Invalidation would be below 0.45.
Long
by Metrikk
Bitcoin 20K or 100K First?Hello all! After a violent fall breaking key support & a strong trend line Bitcoin has shown us new trading opportunities. The bottom support trend line represents the final trend for the weekly time frame. Many found this fall to be a strong buying opportunity and look to an upside as long as support #1 and the weekly trend line holds. We can target the top of the resistance trend line around 70-80K. This trend line is also following the weekly 50MA acting as another support level. However, always be aware of both sides of this trade if the support and trend line is broken we can see another violent fall as we just saw after the support & trend were broken. If we have another fall look for more buying opportunities at support numbers 2 & 3 for a strong bounce.
Long
by GenesisGo
3
BTC ETH LTC: Dead Catch Bounce ScenarioHello friends, today you can review the 1H charts for Bitcoin (BTCUSD), Ethereum (ETHUSD) and Litecoin (LTCUSD). #CryptoPickk notes the following: 1) As the entire crypto market fell drastically, the potential for a move upwards is very possible. In these scenarios, a Dead Cat Bounce Pattern is very possible. 2) For anyone that doesn't know what a Dead Cat Bounce it, please refer to the Investopedia article for further details: www.investopedia.com . 3) Using the Fibonacci Extension, taking the price from the drop start point to the drop end point, the 0.618 - 0.786 levels may be potentials for where the Dead Cat Bounce may happen and the price drops further from that point. 4) Remember one thing that has helped in trading: When a wick happens, the candle body close is surely to follow. Not financial advice of course. Do your own research. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTCUSD
by MillionaireEconomics
8
ALIBABA BOUNCE FROM TREND LINE Alibaba oversold - RSI is low, historically this has preceded growth. P/E and P/B are low compared to other industry players and historically. Stochastic RSI was also down so tomorrow may be good for a buy. Debt to equity ratio decreasing. despite a bit of increased dept from a few Quarters ago. Let's see what the next few days bring, likely will open a buy position. I will update with TP levels. Hope you enjoy the idea. Let me know what you think below, anything to add or that I miss? Good day to you
NYSE:BABALong
by SaucyLettuce
4
$HXL Hexcel Corp Oversold & Ready to BounceThere's plenty of opportunity in the stock market today with lot's of good stocks being beat down to dramatically oversold areas, one of these is $HXL a carbon fiber maker for defense programs and a stock which has beat on 4 of it's last earnings releases. Technically speaking the stock is considerably below it's lower Buy Sell Band and 17.61% below it's 50 day MA making for a good risk/reward trade setup. On today's big down day it couldn't find much more than average volume indicating sellers may be close to exhaustion, a long play here back up to the 50 day MA looks ripe.
NYSE:HXLLong
by Click-Capital
$YELP - Consistent Channel TradeI've been trading this ticker for a while now, simply due to how consistently it moves! We've trading within this channel for nearly a month now, and after a brief slipup due to Omicron, bulls are back in control and we've started our ascent back towards the top of the channel. We can consistently trade this name from the $35 low all the way up to $41 high, with the potential to reach up to $43. If you're entering with options, make sure you give yourself ample time as YELP is a slow mover, and you don't want theta to punish you.
NYSE:YELPLong
by FluxTrades