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Can $ESAB go higher from here?Notes: * Moving up on the right side of its IPO base * Good earnings * Breaking out of an ascending triangle with higher than average volume * Has a 50 day UD ratio of 2.26 and a 15 day UD ratio of 5.27; indicating that there's been a ton more buying short term * Has a solid relative strength in the sector and against the SP500 * Showing an early entry relative to its 50 day line * Printed a pocket pivot, indicating institutional demand Technicals: Sector: Industrials - Metal Fabrication Relative Strength vs. Sector: 2.87 Relative Strength vs. SP500: 14.88 U/D Volume Ratio: 2.26 15 Day U/D Volume Ratio: 5.27 Base Depth: 77.73% Distance from breakout buy point: -16.17% Volume 21.39% above its 15 day avg. Trade Idea: * Now's a great time to jump in as it's close to its 50 day line, printed a pocket pivot and breaking out of its ascending triangle * If you're looking for a better entry you may look around the 48.1 area as it may retest that level for support Some resistances to keep in mind are $49.2 and $51.3. There may be sellers in these areas.
NYSE:ESABLong
by HaseebKhan_90
ES1! RALLIES & FALLS (UPDATE)DESCRIPTION: In the chart above I have provided an updated version of my previous chart for ES1! . POINTS: 1. Price Action has broken previous pennant and fallen into a consolidation phase. 2. Breaking through this consolidation phase would either require breaking 3900 to the upside or 3800 to the downside. Current Fall Percentage = -9.47% Current Fall in Points = -1585 Average Fall Percentage = -14.63% NOTE: *Highlighted Channel 3800 - 3900 is current price action range where DIX HAS SHOWN TO SPIKE THE MOST. CME_MINI:ES1!
CME_MINI:ES1!
by DGSTBROKERACC
AMZN: Moving into A Buy Zone?The Weekly Chart of AMZN shows that the stock has dropped into a strong support price level with a risk that there could be a Dark Pool Buy Zone here. The share price is now below fundamental values. With a month before AMZN reports earnings, it will be interesting to see how the stock behaves; it will reveal how well AMZN is recovering from the hyper revenues created by the stay-at-home orders and stimulus checks of the pandemic. This is the last quarterly report that will be skewed with the revenues and earnings from the pandemic anomaly. This company MUST provide a dividend soon.
NASDAQ:AMZN
by MarthaStokesCMT-TechniTrader
1
SPX500: When is the right time to buy?SPX will soon touch the buy zone near 3500-3700. Marked by green rectangle in the chart, this is very crucial zone for the following reasons: 1. This zone is supported by long-term, uptrend channel. 2. It is also supported by short-term, downtrend channel. 3. Market has already recovered from this zone once. Here are also fundamental reasons to believe why this is an important zone. 1. US Inflation, which peaked at 9.1% in Jun-22, is now reversing. It dropped to 7.1% on Nov-22 and is expected to continue downtrend. However, caution is advised that the figure of 7.1% is still alarming. 2. Oil is witnessing a downtrend. It is almost halfway ($75 a barrel) from the peak of $130 a barrel. I don't see the market flying high from the buy point, but profit is possible for swing traders and accumulation for investors.
SP:SPXLong
by starringinvestors
[NEW UPDATE] EURUSD SELL Postion Quick update on last weeks SELL trade that triggered the position is running smoothly I have closed 50% of the position and moved STOP to entry price. I will now let this run to the first target are of 1.01 or below you can also see a freshly created daily DEMAND/BUY zone here which was created when we had the breakout of the bottoming accumlation period that has just occured this area could well draw bullish attention. So you can be on the lookout for buying clues around this level please take a look at my related posts to learn why this trade was placed
Short
by TheFxAce
5
TOP US-Stocks: Buy-Signal ADPThe stock just broke through a perfect buy point and triggered a buy-signal. The stop loss level and profit target are shown in the graphic. All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology AND are in the process of developing a Perfect Buy Point and a low-risk entry, following a volatility contraction pattern. The stock just broke through a perfect buy point and triggered a buy-signal. The stop loss level and profit target are shown in the graphic. 🍾🍾 We trade like the Champions 🍾🍾 Are you struggling with your trading strategy? Follow me to get free, real-time trading signals which are all based on Mark Minervini's success-proven strategy.
NASDAQ:ADPLong
by JS_TechTrading
Thinking About Buying/Selling GBPUSD ? This will help you :)You will see by reading my previous posts this pair has been moving exactly as expected since hitting the lows @ 1.04 it's been correcting at the predicted levels like clockwork picture perfect lol What's next you ask ? As wrote in previous posts the SUPPLY/SELL zone at 1.21-122 is a target we got a small reaction at the 1.20 previous support/low I expect the market to pop back up towards the 1.21 area so I will be looking for my indicator to give a SELL signal on a time frame from 4hr-daily ass price goes above 1.20. The first easy target will be the 1.16 previous swing high in current up leg we also have a newly created weekly DEMAND/BUY zone around 1.15 so this will be target area. You will also be looking to buy back into the up leg at this level too. Let's see how we go read my related posts on this pair
Short
by TheFxAce
5