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WM is one to keep an eye on!* Great earnings * Very strong up trend * High 3-month relative strength of 2.55 in the Industrial sector * Pays out dividends * Has been in a tight range of ~3.94% for the past 5 to 6 weeks * Held up incredibly well during this time of market uncertainty Trade Idea: * There are a few plays you can do here since the 4% stop is quite a distance away: 1) Enter now if you can stomach a little volatility 2) You can look for a buying opportunity once it has broken and closed above $166.23 3) You can wait for a discounted entry near the $164.22 area 4) You can wait for a bounce from the $161.24 area. Any thing below $161.24 would negate this idea.
NYSE:WMLong
by HaseebKhan_90
ITW looking to reach new hights?* Amazing earnings year-over-year * Very strong up trend * High 3-month relative strength of 4.05 in the Industrial sector * Pays out dividends * Breaking out of a ~9 month base with slightly higher than average volume * I mentioned it was breaking out mid November but due to the market conditions it had a slight pull back to the $232.47 area * It has since regained the lost ground and is making new highs again Trade Idea: * If you can stomach a little volatility, now's a great time to enter as the price is just breaking above previous highs. * It's offering a great risk/reward ratio * If you're looking for a discount you can do a couple of things 1) You can look for an entry near the $243.47 area as it should serve as support moving forward 2) You can wait a bit more and look for a buying opportunity near the $239.46 area since it would be a stronger level of support and can expect a bounce from there. Note: * When looking for buying opportunities at the lower levels you want to wait for a bounce from the mentioned levels before entering.
NYSE:ITWLong
by HaseebKhan_90
GoldView UPDATED Levels and TARGETS $$We have updated all the levels and now waiting for price to be either rejected on this zone at 1796 and then to go and test 1778 for support. This level has plenty of historical Goldturns making it a strong level. We have closed all long positions for now. If we get EMA5 to cross and lock above this level with candle body close then 1808 level will open up. Our plans for buying dips is still in motion and we will update if this changes. Goldturn Resistance Levels 1796 1808 1819 1830 1862 1872 Goldturn Support Levels 1786 1778 1766 1755 1746 Please don't forget to like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
GOLDVIEW REPORT - Analysis and Targets Gold has dropped down over 12000 points and now consolidating into a range. We are also approaching end of year and may see the price move sideways before making attempts for another breakout. We are expecting price to play within the overall range unless the price starts to play within the primary current range, in which case there's a stronger chance to challenge the 1766 support and break open the lower range. This lower range; if open, has a tight range of Goldturns moved across from historical data, which gives us confidence to still buy from this range, as we feel these areas will still provide enough support for some movement up to capture. Having many Goldturns, so close to each other gives us this confidence for now. H1 OBSERVATIONS Overall Goldturn range of 1766 to 1809. Price sitting in a current range of 1766 to 1787 and now challenging 1784 Goldturn resistance level. We also have ma200 sitting on 1787 resistance level so expecting a challenge here. We have not had a touch or cross over on ma200 for a while on h1 so this will confirm a movement up. We will wait to see how this plays out. Price for now has supported at 1766 and we have had a few candles test and wick out on this level. Two Goldturns have also formed above this level creating further support. So unless this level is taken out we will still continue to buy from good support levels. Price has also broken out of the Goldturn channel. H4 OBSERVATIONS Overall Goldturn range of 1766 - 1867 with a current primary range of 1766 - 1804. Price is currently challenging 1785, however there are two more strong H4 goldturn resistance just sitting above it, at 1793 and 1799 before any attempt is made on 1804. MA200 is at 1808 which may help the price to magnetise towards it giving the momentum to challenge these levels. We need to see a clean break of 1804 to confirm a breakout of this primary range or we can expect the price to break down, as there is only two strong support levels holding the price on H4, which is 1773 and 1766. A attempt on this level is looking like the easier technical challenge, however a break on this level will open a new range below and its looking like the easier challenge at the moment. DAILY CHART OBSERVATION The overall daily range is sitting between 1705 - 1900, with the price sitting between two strong Goldturns at 1741- 1819 and a weaker range of 1773 and 1795. Price is sitting on 1773 Goldturn and we also had price close below this level. However EMA5 is sitting above this level so good chance for this to be supported here. The challenge to look out for is 1741 for support and 1819 for resistance for confirmation of a bigger range breakout, otherwise the immediate play range would be 1773 to 1795. We are expecting both these levels to be tested again but the real challenge for us to pick a direction would be 1741 support and 1819 resistance. We hope you find this information useful and kindly request for you to like, comment and follow to support us, we really appreciate it! GoldViewFX
OANDA:XAUUSD
by Goldviewfx
1
NSA breaking out of a flat base!* Good earnings * Very Strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a flat base of roughly 6 weeks with higher than average volume * Pays out dividends quite generously since it's a REIT Trade Idea: * Now's a great time to enter as the price is just breaking out and is very close to the broken resistance. * The REITs sector is also doing pretty well at the moment * If you're looking for a discount you can look for a buying opportunity near the $62.50 to $63.30 area Caution: * A daily close below $62.50 would negate the idea
NYSE:NSALong
by HaseebKhan_90
DHI looking to make new all time highs?* Great earnings * Very strong up trend * High 3-month relative strength in the Consumer Cyclical sector * Breaking out of a ~9 month base with higher than average volume * Showed incredible strength over the past couple of months while the market was facing uncertain times. * Max probable ROI is 28.57% Trade Idea: * If you can tolerate some volatility, now's a great time to enter. * Looking at the weekly chart, it does seem a bit extended, so, if you're looking for a discount you can look for a buying opportunity near the $104.19 area.
NYSE:DHILong
by HaseebKhan_90
BRO breakig out and creating new all time highs.* Great earnings * Very strong up trend * High 3-month relative strength in the Financial sector of 6.25 * Breaking out of a 2 month base with higher than average volume * Held up very nicely during the recent market conditions Trade Idea: * Now's a great time to enter as the markets are showing signs of recovery * Still close to the broken level and adding to the volume * If you're looking for a discount you can look for buying opportunities near the $67.13 as that should serve as support moving forward Caution: * If the stock makes 3 consecutive lower lows on a daily basis you might want to consider exiting early.
NYSE:BROLong
by HaseebKhan_90
Daily Chart Goldturn Support and Resistance levelsWe have updated our Daily chart levels, which we have not done for a while, as most were inline with our H1 levels before. We expected some bi directional movement for FOMC and that's what seems to be happening right now. We have outlined the levels and what we see the price doing. We will update new targets or any changes tomorrow. For now our plan remains unchanged and until FOMC is over and the price settles we don't plan to make any changes to our overall plans. GOLDTURN RESISTANCE 1886 1857 1834 1818 1794 1770 GOLDTURN SUPPORT 1762 1754 1740 1719 1710 Please don't forget to give us a like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
5
EXP looking to reach for new highs?* Good earnings * Very strong uptrend since the 2020 crash * High 3-month relative strength in the Basic Materials sector * Breaking out of a ~9 month base with higher than average volume * Created a double bottom during the ~9 month consolidation * Second half of the double bottom can be considered a cup and handle pattern as well * Currently consolidating right above the broken resistance; creating a new support * Maximum probable ROI is ~21.97% if the trade goes in our favor Trade Idea: * If you're looking for a trade during these market conditions you should be ready to face volatility and trades going against you. * That being said, if you are looking to enter, now's a great time to enter this stock as it's consolidating just above the broken resistance and is offering a great risk/return ratio * If you're looking for a discount you have a few options 1) You can look for an entry at the resistance turned support level of $159.90 2) If it breaks and closes below that, you can look for an entry around the $158 area as that should serve as short term support 3) If it breaks and closes below $158, you can look for an entry near the $155.50 area as that should serve as a stronger support level. Caution: * Again, the current market conditions are uncertain and if you are going in, trade with caution. * A daily close below $155.50 would negate the idea.
NYSE:EXPLong
by HaseebKhan_90
Goldview Levels and TARGETS $ $Price resisted and rejected at 1790 level. We expected this level to hold and it did. We also have a clean break outside the Goldturn channel. We may see a test on 1778 Goldturn support level, which falls just outside of the channel and in line with MA200. MA50 has also crossed over MA200 confirming some further move up. If both these levels cross and price falls back into the channel then we can expect some of the lower levels to open up, which we will confirm once we see the attempt. For now we are still very much in the same setup and 1790 and 1796 are still TARGETS. We are expecting another challenge at 1790. We are looking for EMA5 cross and close above this level with candle body close to confirm the movement to 1796. Goldturn Resistance: 1796 1790 1785 Goldturn Support: 1778 1766 We will post any changes and updates throughout! Please don't forget to like, comment and follow to support us! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
Goldview Analysis and Target UPDATE !We posted this idea yesterday for market open identifying some key support areas and two Bull targets. BOTH BULL TARGETS DONE TO THE TEE !!!! We described how the price was respecting a descending Goldturn channel and how we identify when a channel is likely to be broken and the direction of the break. We identified a goldturn support within the channel that was stopping price from visiting the bottom of the channel and as suggested we expected a break up and challenge to Goldturn targets, which it did nicely!!!! (Please see related link idea below) We still have a support target at 1778 due. A test and rejection was needed on this level to give full clearance of the channel. This leaves room for another drop to this level therefore will not add to any longs yet and we have taken profit at 1790 already. We will keep 1778 in mind and not as a target but more so for support to confirm if we have had a clear range breaker. Don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldView - Analysis - Levels - Targets Hourly Chart The market has geared up for a range breaker movement and the leading setup and structure at this point will point towards a clear direction. However we try and minimise our positions during this time of the year, as the market tends to disconnect from a technical sequence. The price is currently challenging the top end of the Goldturn descending channel, which is in line with 1785 Goldturn. A break and EMA5 cross on this level will give the range breaker momentum needed to break 1790 . The 1770 Goldturn support level has stood in the way of the price from visiting the bottom of the channel. This is part of the setup structure we identify for the gear up of a Goldturn channel break out on the opposite direction. EMA5 moving average has also crossed over all other MA's which for the short term allows us to take those buys from dips. However the longer term 50 day average cross over the 200 day average will be the more significant one to look out for. Currently both are merging close gearing up for a break out. The setup points towards a breakout UP but considering the range this is not the zone or the season to commit to a direction with exposure. Daily Chart The daily chart view below shows an overall range of 1741 to 1818, with a play range of 1770 to 1795. Ema5 is due a Ma21 challenge and 1795 sits in the centre of both averages, making it a good meeting point for a price to challenge 1795 level as a TARGET . This is the central zone of the range and personally its not an area to make any serious commitments and we plan not to. In this range and structure we just cherry pick price action from our signals and any technical setups we identify with small lots, minimum exposure. In our opinion this is the way to handle this range at this time of the year. Please trade safe and note; everything we share is our own ideas and analysis and not financial advise. If you like what we do and it helps, then please don't forget to give us a like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
7
UMBF breaking out of an 11 month base!* Great earnings * Strong up trend * High 3-month relative strength in the Financial sector * Breaking out of a ~11 month base with higher than average volume * Originally broke out last month but due to the market conditions it had a very slight pull back * During the pull back it held up very well relative to the general market conditions. * Maximum probable ROI is ~24.16% if the trade goes in our favor Trade Idea: * This is another breakout attempt after the general market is showing signs of recovery. * Now's a great time to enter as the price is very close to the broken resistance and it's EMA's * Weekly chart is also showing signs of the price being ready to move higher.
NASDAQ:UMBFLong
by HaseebKhan_90
OMCL showing signs of moving higher with a pocket pivot?* Great earnings * Strong up trend * Very high 3-month relative strength in the Healthcare sector of 10.44 * Trading at higher than average volume creating a pocket pivot * Trading in a tight range of ~5% range * Little to no overhead resistance * Has held up incredibly well during this correction with little to no downside at all. Trade Idea: * You can enter as indicated before the breakout from the range. * This entry will net you a better risk/reward ratio but with the risk of not breaking out just yet. * If you want to be conservative given the current market conditions, it may be better to wait for the breakout (a daily close) above $182.73 before entering. Note/Caution: * This is a pocket pivot entry and although it has little to no resistance, it may not break out immediately. * Pocket pivots indicate institutional interest in the stock.
NASDAQ:OMCLLong
by HaseebKhan_90
6
4H Chart Goldturn LEVELS and TARGET $$Price found support at 1766 Goldturn after a big drop from 1877. Price retraced up to Fib level 23.6% and found temporary resistance here. We can see price heading towards 1805 Goldturn level, which is also in line with fib level 38.2%. If we see EMA5 cross with a candle body close above 1805 Goldturn then we can expect price to hit fib level at 50% at 1820. If price is rejected at 1805 then we can expect a challenge at 1766 Goldturn support level. Please do give us a like, comment and follow us to support our work, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
Update on active Gold TARGETS $$ We had 3 open active targets in order of sequence; 1774 and 1786 both got done and we were waiting for our third target 1796 to be hit. Price did the move and we nearly had the 1796 but got rejected at 1793. This was due to the Goldturn resistance level at 1793 acting as temporary resistance, as shown on the updated chart. However our target for 1796 is still open and active, as we have 3 Goldturn support at 1778 so looking for price to be supported here for now (Support level updated on chart). We will review this support level and any challenges and breaks before changing any plans for our active target at 1796. Please don't forget to like, comment and follow to support us, we appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx