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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
US Stocks in the Spotlight: NOGNorthern Oil & Gas (NOG)broke out of a solid volatility contraction pattern on Nov 10th. A perfect buy point was established at the threshold of 36.3. Volume surged when shares broke out in September and have held above their 50-day line, despite high volatility since that time. The stock is on its way into new all time highs and still in a buy zone. NOG is the U.S.'s largest publicly traded non-operated oil and gas exploration and production company. It holds stakes in established oilfields in the Permian Basin in Texas and New Mexico, Williston in the Dakotas and Montana, and Marcellus in Pennsylvania. The Minneapolis-based investor typically buys stakes in oilfields and partners with seasoned operators.
NYSE:NOGLong
by JS_TechTrading
IS $ABBV ready to come up on the right side of its base?Notes: * Strong up trend on all time frames * Great earnings track record * Basing for the past ~8 months * Now looking to come up on the right side of its base * Printed a pocket pivot in the last session, indicating institutional buying * Offering an early entry relative to its 50 day line Technicals: Sector: Healthcare - Drug Manufacturers - General Relative Strength vs. Sector: 6.46 Relative Strength vs. SP500: 2.33 U/D Ratio: 1.4 Base Depth: 28.76% Distance from breakout buy point: -12.22% Volume 18.24% above its 15 day avg. Trade Idea: * You can enter now as the price is coming off of its 50 day line * If you're looking for a better entry you can look for one around the ~147 area as that should hold as support moving forward * If you're looking for a safer entry you can wait for a break and close above the ~152.5 area as that is the immediate resistance coming up * A daily close below the ~147 area would negate the bullish outlook.
NYSE:ABBVLong
by HaseebKhan_90
Is $BJ ready to push higher?Notes: * Strong up trend on the higher time frames * Great earnings track record * Basing for the past ~3 months * Forming a cup and handle with the base ~14% deep and a flat handle * Formed a bullish engulfing candle a couple of days ago * Now it's flashing an early entry along with a pocket pivot Technicals: Sector: Consumer Defensive - Discount Stores Relative Strength vs. Sector: 4.8 Relative Strength vs. SP500: 2.23 U/D Ratio: 1.03 Base Depth: 13.97% Distance from breakout buy point: -1.6% Volume 15.02% above its 15 day avg. Trade idea: * You can enter now as the price is close to its 50 EMA * It's also breaking above the resistance area of ~77.5 with volume * If you're looking for a better entry you may be able to catch it around $76.1 as that should hold as support going forward.
NYSE:BJLong
by HaseebKhan_90
Is $CPRX ready to break out of its cup and handle?Notes: * Strong up trend * Okay earnings track record * Basing for the past ~8 weeks * Pulled back to its 10 week line and managed to hold it as support creating a cup and handle pattern * Printed a pocket pivot near its 50 day line offering an early entry and indicating institutional demand Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 23.86 Relative Strength vs. SP500: 4.28 U/D Ratio: 1.21 Base Depth: 45.07% Distance from breakout buy point: -18.82% Volume 14.75% above its 15 day avg. Trade Idea: * You can enter now as the price is rising with higher than average volume off of its 50 EMA * Another reason for entering would be that it printed a pocket pivot * If you want to play it a bit safe you can wait for a break out of the indicated channel and the 14.3 area since that may serve as immediate resistance
NASDAQ:CPRXLong
by HaseebKhan_90
Is $PRCT ready to move higher from here?Notes: * Steady up trend in a bear market * Nice earnings for the past to quarters * Recent IPO * Looking to break above its IPO base * Printed a pocket pivot, indicating institutional buying * Offering an early entry relative to its 50 day line * Sitting just above a pivotal level of 43.9 and holding it as support for the past several sessions * IPO base resistance comes in around 47.7 Technicals: Sector: Healthcare - Medical Devices Relative Strength vs. Sector: 15.62 Relative Strength vs. SP500: 4.68 U/D Ratio: 1.1 Base Depth: 182.59% Distance from breakout buy point: -4.82% Volume 54.55% above its 15 day avg. Trade Idea: * You can enter now as the volume and price are indicating of it moving higher from here. * If you want to be a bit more safe, you can wait till after earnings
NASDAQ:PRCTLong
by HaseebKhan_90
META, Our prediction (6 months ago) worked well. Lets review !Our two predicted targets for META (FB) is reached and I suppose third one will also be achieved in up coming months or years. I though that it might be useful to review the analysis as it is still valid and working well . Good luck everybody. Followings are description of the chart which I published 6 months ago : Stocks fall one after another ! We Saw a considerable decline in FB (Meta) Stock after earning report after hours of last trading session. What is happening for FB (Meta) in terms of Elliott waves? FB (META), has likely completed a primary degree ascending cycle started on 4th Sept 2012 at 17.55 USD. This cycle took 9 years to be completed therefore, we can imagine how boring will be the correction phase before completion ! If true, FB (META) has started a correction decline form ATH (384.33) down to Retracement levels with today's pre-market price around 0.382 level. Although 0.382 retracement is also possible for wave 2s , I give very low possibility to bounce back from this level according to timing and corrective patterns. Retracement down to 200 , 157 and even 96 USD corresponding to 0.5 , 0.618 Golden Ration and 0.786 Retracement levels is very possible, I tried to show the probability of each possible Retracement with thickness of arrows with the thickest to be the most probable ( As I suppose ) and vice versa. After completion of this primary degree wave 2, there will be a huge up going wave which is primary degree wave 3 . This wave 3 will push the price up to at least 700 USD and even higher ( Very good news for long term investors ) depending on at which retracement level this boring correction phase ends. It is too soon to talk about this target we can update our targets in next years ! Please note this is a very long term prediction so, there will be lots of ups and downs and fluctuations in our path. What is happening on FB (META) is more than likely similar to whats happened for ETSY , SHOPIFY, SQ and many others in the market. As I showed on the chart, this is what I see as the most probable scenario which means there are more optimistic scenarios. Mots probable more optimistic scenario is that FB ( META) is just correcting the wave cycle labeled as wave (5). As far as the stock is trading above 170 USD, this scenario is valid. Hope this analysis to be helpful and wish you all the best.
NASDAQ:META
by SaeedSajedi
18
Can $MNTK continue to lead the Utilities sector?Notes: * Recent IPO with steady up trend * Not the best earnings in the recent quarters * Basing for the past ~3 months * While basing it bounced off of its IPO highs around the 13.8 area * Recently breaking and holding above a pivot area between 16.65 and 16.9 * Daily and weekly volume seems to be indicating buyers coming in and the UD ratio seems to be indicating the same Technicals: Sector: Utilities - Utilities - Diversified Relative Strength vs. Sector: 10.61 Relative Strength vs. SP500: 35.4 U/D Ratio: 0.96 Base Depth: 46.96% Distance from breakout buy point: -15.4% Volume 31.76% above its 15 day avg. Trade Idea: * You can enter now as the price is holding the 16.9 area as support * If you're looking for a better entry you can wait to see if it retests the 16.9 area again.
NASDAQ:MNTKLong
by HaseebKhan_90
Is $PI ready to break out of its ~10 month cup and handle?Notes: * Strong up trend on higher time frames * Excellent earnings track record * Basing for the past ~10 months * Forming a cup and handle pattern while basing * Printed a pocket pivot signal, indicating institutional buying * Volume on the daily and weekly time frame seems to be increasing as well * Strong resistance around the $90 area Technicals: Sector: Technology - Communication Equipment Relative Strength vs. Sector: 6.75 Relative Strength vs. SP500: 17.9 U/D Ratio: 1.09 Base Depth: 137.32% Distance from breakout buy point: -10.12% Volume 79.85% above its 15 day avg. Trade Idea: * You can enter now based on the pocket pivot signal * Or given the market conditions you may wait for a break out of the handle as indicated or even a break above the $90 area
NASDAQ:PILong
by HaseebKhan_90
1
Is $CLFD ready to start coming up on the right side of its base?Notes: * Strong up trend on all time frames * Great earnings in the recent years * Basing for about 9 weeks * Starting o come up on the right side of its base with volume * Created a launch pad with the 10,20 and 50 EMAs Technicals: Sector: Technology - Communication Equipment Relative Strength vs. Sector: 4.11 Relative Strength vs. SP500: 6.57 U/D Ratio: 1.24 Base Depth: 43.31% Distance from breakout buy point: -18.43% Volume 0.44% above its 15 day avg. Trade Idea: * You can enter now as it's just coming off of the launch pad with volume * It's also breaking above a clear resistance area of ~105.4 * If you're unsure at the moment you can wait for a retest of the the ~106 area as support before jumping in.
NASDAQ:CLFDLong
by HaseebKhan_90
$BAH is breaking out of a ~21 month long base! Can it go higher?Notes: * Strong up trend on the higher time frames * Great earnings track record * Broke out of a ~21 month long base * Higher than average weekly volume and coming off from its 10 week line * Also breaking out of a smaller consolidation of ~12 weeks * Gaped up a couple of days ago and is now coiling * Broke historical resistance around the $97 area Technicals: Sector: Industrials - Consulting Services Relative Strength vs. Sector: 3.15 Relative Strength vs. SP500: 2.07 U/D Ratio: 1.37 Base Depth: 7.78% Distance from breakout buy point: 0.23% Volume 55.27% above its 15 day avg. Trade Idea: * Now's a great time to buy since the price is just breaking out and is close to the break point * If you're looking for a better entry you may look for one around the ~97.85 area as that should hold as support
NYSE:BAHLong
by HaseebKhan_90
$ENSG poised to go higher from here?Notes: * Very strong up trend on the weekly/monthly charts * Great earnings for the past few years * Basing for the past 19 months * Creating a cup and handle * Trying to break out of the handle * Strong resistance around the $85.4 area Technicals: Ticker: $ENSG Sector: Healthcare - Medical Care Facilities Relative Strength vs. Sector: 28.52 Relative Strength vs. SP500: 11.74 U/D Ratio: 1.15 Base Depth: 36.29% Distance from breakout buy point: -9.18% Volume 16.02% above its 15 day avg. Trade idea: * Not jumping into this just yet. * Waiting to see if it can stay above the $85.4 area and hold it as support.
NASDAQ:ENSGLong
by HaseebKhan_90
USDJPY-Weekly Market Analysis-Oct22,Wk2In my analysis of the USDJPY Daily Chart, the Bearish Crab Pattern still stands. At this moment it is a Bearish Crab Pattern checkback, which means it is at its best possible price for interested traders to engage this trade with the best Reward:Risk that is possible that happens on the Crab Pattern. Personally, I'm not that crazy about that because of the prolonged consolidation. I'm more interested in the buying opportunity as I believe that USD still have room for appreciation.
Long
by RaynLim
4