Get started

Buysignal

How to go Long on GBPJPYHi Traders, Today I am looking at a potential Buy on GBP/JPY. Price tapped into a support 162.00 which has multiple confluences. There is an Order Block at the current price, There is also support, and it is a psychological support which gives us a higher probability of price pushing. The current momentum is bearish so we have no business buying right now as we need to wait for price to start pushing and changing the structure to a more bullish nature. My target is the previous high which is around 166.250. Looking at the flip side, If price continues the bearish momentum and breaks support I will leave it alone and come back next week to reanalyse the pair. Last day of the month, Let's not force any trades. Renaldo Philander
Long
by Tradebudz
Is $MUSA ready for another run?Notes: I last mentioned $MUSA on July 7th, 2022 and since then it has run up more than 12% hitting our target. Since hitting our target $MUSA has been in an orderly pull back to the broken resistance of $262.58 and testing that as support. * Ideally, this should now hold above $262.58 in order to stay constructive. A daily close, or two, would signal weakness. Now that earnings are out better than expected we may be able to expect another run up. Everything else remains the same as my previous post. Technicals: Sector: Consumer Cyclical - Specialty Retail Relative Strength vs. Sector: 2.36 Relative Strength vs. SP500: 3.75 U/D Ratio: 1.27 Base Depth: 19.38% Distance from breakout buy point: 1.66% Volume 19.89% above its 15 day avg. Trade Idea: * You can enter now since the earnings are out of the way and it's bouncing off of support with higher than average volume. * It may also consolidate for the remainder of this week so if you want a better entry you can look for one around the $262.58 level * This stock usually has local tops when the price closes around 14.62% above its 50 EMA * Consider selling into strength if the price closes 14.42% to 14.82% (or higher) above its 50 EMA * The last closing price is 7.35% away from its 50 EMA
NYSE:MUSALong
by HaseebKhan_90
$AJG is coming up on the right side of its base!Notes: * Very strong up trend on all time frames * Great earnings track record * Basing for the past ~7 months * Offering a very low risk entry * Recently saw a retest of its 50 day line * Held up really well while the general market and the Financial sector where taking a beating Technicals: Sector: Financial - Insurance Brokers Relative Strength vs. Sector: 1.23 Relative Strength vs. SP500: 1.29 U/D Ratio: 1.25 Base Depth: 25.64% Distance from breakout buy point: -8.82% Volume 45.14% above its 15 day avg. Trade Idea: * You can enter now as the price tries to break through the 170 level with higher than average volume and while the price is still close to its 50 day line * You can wait for the break and close above 170 before entering as that would signal that it's ready to move higher * If you're looking for a lower entry you may find one around the 167.55 area as that should hold as short term support * This stock usually has local tops when the price closes around 9.35% above its 50 EMA * Consider selling into strength if the price closes 9.15% to 9.55% (or higher) above its 50 EMA * The last closing price is 3.69% away from its 50 EMA
NYSE:AJGLong
by HaseebKhan_90
$HWM is forming a nice pivot. Can it move higher from here?Notes: * Strong up trend since 2020 * Great earnings in the recent quarters * Basing for the past ~14 months * Recently bounced off historical highs around $31 * Forming a nice and tight pivot area around $35 * Offering a very low risk entry * Showing signs of strength and accumulation Technicals: Sector: Industrials - Specialty Industrial Machinery Relative Strength vs. Sector: 1.33 Relative Strength vs. SP500: 1.31 U/D Ratio: 1.74 Base Depth: 33.89% Distance from breakout buy point: -4.99% Volume 8.49% above its 15 day avg. Trade Idea: * You can enter now as it's trying to break above the $35 resistance level * Or you can wait for a clear break above it before entering * If you're looking for a lower entry you may find one around the $34.3 area as that's the bottom of the tight range * This stock usually has local tops when the price closes around 10.23% above its 50 EMA * Consider selling into strength if the price closes 10.03% to 10.43% (or higher) above its 50 EMA * The last closing price is 3.69% away from its 50 EMA
NYSE:HWMLong
by HaseebKhan_90
3
$BJ ready to move higher from here?Notes: * Very strong up trend on all time frames * Great earnings track record * Forming a double bottom base for the past ~8months * It seems like this recent gap down may be forming a handle to the double bottom base * It needs to hold above $66.35 as support in order to stay bullish Technicals: Sector: Consumer Defensive - Discount Stores Relative Strength vs. Sector: 1.11 Relative Strength vs. SP500: 1.11 U/D Ratio: 2.08 Base Depth: 41.69% Distance from breakout buy point: -8.68% Volume 5.8% above its 15 day avg. Trade Idea: * You can enter now as it's showing demand around its 50 day line with higher than average volume * If you're looking for a better entry you can look for one around the $66.35 area as that does seem like an area of support * This stock usually has local tops when the price closes around 10.68% above its 50 EMA * Consider selling into strength if the price closes 10.48% to 10.88% (or higher) above its 50 EMA * The last closing price is 4.3% away from its 50 EMA
NYSE:BJLong
by HaseebKhan_90
Is $GPK ready to push higher?Notes: * Strong up trend on all time frames * Good earnings in the recent quarters * Pays out dividends * Recently bounce off of its 200 day line and now pushing off of its 50 day line * Also printed a Pocket Pivot indicating institutional demand Technicals: Sector: Consumer Cyclical - Packaging & Containers Relative Strength vs. Sector: 1.2 Relative Strength vs. SP500: 1.37 U/D Ratio: 1.46 Base Depth: 17.74% Distance from breakout buy point: -4.42% Volume 54.56% above its 15 day avg. Trade Idea: * You can enter now as the price seems to be pushing higher from the 50 day line and is currently offering a low risk entry * If you're looking for a better entry you can look for one around the $21.10 area * This stock usually has local tops when the price closes around 8.52% above its 50 EMA * Consider selling into strength if the price closes 8.32% to 8.72% (or higher) above its 50 EMA * The last closing price is 3.59% away from its 50 EMA
NYSE:GPKLong
by HaseebKhan_90
$EQNR coming up on the right side of its base!Notes: * Strong up trend since 2020 on all time frames * Good earnings in the recent quarters * Pays dividends * Basing for the past ~5 months * Showing signs of coming up as the Energy sector shows strength * Came back above its 50 day line with higher than average volume * Lots of accumulation recently * Also printed a Pocket Pivot indicating institutional demand Technicals: Sector: Energy - Oil & Gas Integrated Relative Strength vs. Sector: 11.83 Relative Strength vs. SP500: 1.85 U/D Ratio: 1.15 Base Depth: 22.21% Distance from breakout buy point: -8.12% Volume 1.69% above its 15 day avg. Trade Idea: * You can enter now as the price is coming back up above its 50 day line * If you're looking for a better entry you can look for one around 34.50 * This stock usually has local tops when the price closes around 15.28% above its 50 EMA * Consider selling into strength if the price closes 15.08% to 15.48% (or higher) above its 50 EMA * The last closing price is 3.34% away from its 50 EMA
NYSE:EQNRLong
by HaseebKhan_90
SAP SE (SAP.de) bullish scenario:The technical figure Falling Wedge can be found in the daily chart in the German company SAP SE (SAP.de). SAP SE is a German multinational software company. It develops enterprise software to manage business operations and customer relations. The company is the world's leading enterprise resource planning (ERP) software vendor. SAP is the largest non-American software company by revenue, the world's third-largest publicly traded software company by revenue, and the second largest German company by market capitalization. The Falling Wedge has broken through the resistance line on 23/07/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 26 days towards 96.90 EUR. Your stop-loss order, according to experts, should be placed at 84.28 EUR if you decide to enter this position. SAP SE SAP delivered second-quarter 2022 non-IFRS earnings of €0.96 per share down 45% from the year-ago quarter’s levels. The downside was caused by tougher year-over-year comparisons pertaining to contribution from Sapphire Ventures. Total revenues, on a non-IFRS basis, were €7.517 billion ($8.009 billion), up 13% year over year, driven by strength in cloud business. However, SAP has lowered full year operating profit guidance due to the €350-million negative impact from the war in Ukraine and expectations of a decline in software licenses revenue. The company now projects non-IFRS operating profit in the range of €7.6-€7.9 billion, indicating a decline of 4-8%. Earlier, the company guided non-IFRS operating profit in the range of €7.8-€8.25 billion, indicating flat to down 5%. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:SAPLong
by legacyFXofficial
Will bitcoin explode again?Bitcoin is one of the most successful investments, even after falling by more than 74%, many are still hoping to capture good buying positions. Signs of buying have already begun to appear on the chart and indicators, Indeed, the first resistance level 21700 has been broken, as well as the second 22500 which is now being tested, If the price rebounds from testing the areas, I think that the price will record a good rise After Bounce confirmation, the first target is 32000
Long
by Takie_eddine
Is $CAL ready to move higher after pulling back?Notes: * Strong up trend since 2020 * Great earnings in the recent quarters * Pays out dividends * Creating a base for the past ~14 months * Recently bounced from its 200 day * Pulled back to its 50 day and is now showing signs of recovery with volume * Historical resistance comes in around 29.85 Technicals: Sector: Consumer Cyclical - Footwear & Accessories Relative Strength vs. Sector: 2.83 Relative Strength vs. SP500: 3.88 U/D Ratio: 1.4 Base Depth: 66.55% Distance from breakout buy point: -6.6% Volume 27.64% above its 15 day avg. Trade Idea: * You can enter now since volume's coming in as it bounces from its 50 day line * If you're looking for a better entry you can look for one around the 27.3 area as that would be ~50% of the bullish pin bar we got in the last session * This stock usually has local tops when the price closes around 21.42% above its 50 EMA * Consider selling into strength if the price closes 21.22% to 21.62% (or higher) above its 50 EMA * The last closing price is 5.76% away from its 50 EMA
NYSE:CALLong
by HaseebKhan_90
NYSE - SwingTrading: Buy Signal DLTRThe stock DLTR on our watchlist crossed a low risk enty point and generated a buy signal, we have added the stock to the JS-TechTrading portfolio. SL is less than 5.74% (SL at 161.9), profit target is > 12%. DLTR has a high relative strentgh (IBD style) and broke out of a volatility contraction pattern earlier today under high volume . Until now, the price / volume action is great. We have recommended to open an DLTR position to our clients in real-time earlier today.
NASDAQ:DLTRLong
by JS_TechTrading