SolarEdge Holds Support After Gapping DownSolar stocks have outperformed lately as investors react to high oil prices and the green-energy movement. Today we’re looking at SolarEdge Technologies , the No. 2 company in the group by market cap behind Enphase Energy .
The main pattern on the chart is the falling trendline that began in November and ran along the highs of April and most of July. SEDG ripped through that resistance on July 27 as lawmakers advanced key legislation supporting the sector.
Earnings subsequently missed on August 2. That caused the stock to gap lower, but it managed to remain above the previous trendline. Has old resistance become new support?
Second, the 50-day simple moving average (SMA) just rose above the 200-day SMA: a potentially bullish “golden cross” pattern.
Next, consider the sequentially higher lows since January – unlike the broader market’s steady decline through mid-June. Finally, notice how the relative strength index (RSI) has remained mostly above its midline at 50. Both of those patterns could reflect buyers outnumbering sellers.
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Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Centered Oscillators
Confirmation for oil from m30We get confirmation from lower time frame. Yesterday's rally I didn't sell oil.
M30 of oil now is indicating bearish for sell oil. Kijun cross tenkan downward. Future kumo is brarish kumo. Macd bearish. And chikou is currntly running below the kumo.
Pay attention to the 2 tp zones I defined. Trade well and wisely.
Trigonometric TrendSome follow up to the new Trigonometrical Playtoy :-)
After watching for some time that trend indicator, i have to say the entrys are usually late, but 80-90% of the time with proper riskmanagement this should be easy to trade directly on switch at min´ss and max´s
I added some marks in the chart to see the trading signal, exactly where both get the same color and way in the upper limits.
It seems longs are better than shorts.
play with different lengths at the same timeframe like here in this setup
3 Possible Ways to trade:
* trade with orderbook, orderblocks and hotspots when switching from green to red
* trade with some cloud, Nadaraya, ATRCloud, FIbcloud, Bollinger with final gaussian smoothing,.... whatever all are in some way good,
use it as "safety" before firing a position
* directly the switch of minimas or maximas to the different color
www.tradingview.com
here a already finished setup to copy ^^
Are Semiconductors Stalling?The Philadelphia Semiconductor Index ripped about 29 percent between early July and early August, but now it may be showing signs of fatigue.
The first pattern on this chart is last Thursday’s peak of 3087 -- slightly below the early June high of 3159. That lower high is potentially noteworthy when compared with the broader Nasdaq-100, which pushed above the respective level on its chart to the highest since early May. It could be sign of relative weakness for chips.
Next is Monday’s doji candlestick, a potential reversal pattern. Also notice how SOX appears to have broken a rising trendline.
Third, the Relative Strength Index has retreated from near an overbought condition.
Finally, you have an increasingly mediocre news flow . Nvidia’s warning yesterday, combined with similar news from Intel and Western Digital , may reflect less-than-stellar fundamentals in chip stocks.
Given the market’s healthy bounce and falling volatility, SOX may not retest the 2022 lows. But it may have lost its mojo and chop around for a while as investors seek outperformance in other corners of the market.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
70% UP IN 2 MONTHS: AMAZING STRATEGYHELLO FRIENDS!
Analyzed this stock 2 months back in my videos in my channel. Worked perfectly as per the analysis. Target is 300% which I assume may hit in 2 months.
Logic behind this trade is Stock was facing resistance of the trendline for a long time. In the third attempt in June it broke the trendline. Another logic is the stock had given breakout above the 50ma band and sustained above that for so long, which indicates bullishness of the stock and the entry of BIG BOYS.
One can notice the increasing volume bars too, which is proving the bullishness.
Entry was confirmed by the trendline breakout.
Captured 77% till today and we'll wit for the target with railing stoploss.
All levels are provided in the chart which explains everything.
I hope you all understand the logic behind the trade and will learn it.
UsdChf If Breakout = Rally To The UpsideThere is potential long for usdchf if the price is able to break above the upper trend chanel. The requirement would be bullish engulfing candle to ensure the moment is strong to the upside rally. I also mention the potential taking profit area. There are 3 areas.
Manage ur trade mate. Trade well and wisely.
LONG AUDCAD on Daily ChartSystem printed an entry with a trigger today on AUDCAD @ 0.89793 with initial target of approximately 220 pips @ 0.91786. Stop is placed @ 0.87300, trailing.
I actually entered this trade early and am up 70 pips. Today's candle close above the trigger line will indicate an entry based solely on the rules of the system.
Supply/resistance area above around 0.9115, with 0.90750 as potential hesitation price level.
Is Bank of America Overbought?Bank of America had relief rally in the second half of July, jumping from a 52-week low under $30. Now some traders may think it’s overbought.
The main pattern on today’s chart is the declining 50-day simple moving average (SMA). The recent surge brought BAC back to the line for the first time since late February. Trend followers may now look for the bearish direction to continue around this SMA.
Second is the price zone around $34. The stock struggled to hold that level on May 20 and then knifed below it on June 10. Prices have remained below it since, which may indicate that it’s still resistance.
Third, stochastics have been showing an overbought condition.
Finally, you have challenging macro conditions as the yield curve continues to invert.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
USDCHF - Divergence RSI for a Long trendBull Divergence condition:
1. Point A: RSI is Oversold (<30)
2. Point B: Most important.
- EMA: 34 & 89: Point B is must crossover and above EMAs -> Bull is enough creating a Divergence.
- RSI of Point B > 50.
3. Point C: .
- On chart: Price lower but RSI higher.
- RSI of Point C is above Oversold zone.
Bitcoin – liquidity collection will cause the crashHello, everyone!
Yesterday’s the most probable scenario, on which I put my money is playing out right now. The price showed another one local leg up to the upside, after that we saw the bearish reaction. Today Bitcoin is confirming my concerns about the potential price dump.
Let’s take a look at the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange. The price reached the lips of the weekly Williams Alligator indicator. If my assumption about the last wave 5 is true we have to see the dump from current prices with the low probability of the pump to red line, but the dump is imminent. The downtrend can be over only after the 5-wave Elliott cycle with the obligatory divergence creation between wave 3 and 5, we still have not seen it.
Also I want to you to notice the liquidity zones. The market maker tends to collect the liquidity with the minimum effort. We can see that liquidity of all short traders have been already collected. The parabolic growth which we saw last month created a lot of uncollected liquidity of long traders. In my opinion the most logical action of MM now is to initiate the dump below $17k to pick up all this stop losses with the rapid recovery after that.
Good luck!
GBPAUD Drop For Buying?Interesting to see GBPAUD D1 chart. We've been at ranging market for couple months. I spot divergence which are shown not only by MACD but RSI as well. Possibly it is indicating buy opportunity around the blue rectangle zone. Then the take profit target is the green rectangle zone.
Trade well and wisely. 🙏🙏🙏
AUDUSD (STILL) BEARISH. SELL THE RALLYIf we see from D1 chart it is still overall bearish. Even lower time frame indicate bullish mode. I wpuld prefer to sell the rally as I have defined the area as selling zone. The downside target is the rectangle I put below. 0.6732-0.6681.
Trade well and wisely. 🙏🙏🙏
Gold To Revisit 2021 Flash Crash Low?Daily chart is obviously bearish. But if u examine lower time frame 15mins, 30 mins both are indicating fresh selling pressure. Possibly we would see gold to revisit low of 2022 flash crash, 1687. The risk would be somewhere abovr 1720-1725.
Trade well and wisely. 🙏🙏🙏🙏
The S&P 500 Has Seen This Pattern BeforeA certain pattern has appeared several times in the S&P 500 over the past year. Now it may have returned.
Consider the falling trendline on this daily chart. Notice how the current price action resembles moments like October 2021, March 2022 and May 2022.
Each time the index pulled back and stabilized. It then pushed against resistance as the Relative Strength Index (RSI) nudged higher. Each of these instances was followed by breakouts and moves to the upside.
Second, the Advance / Decline line has been making higher lows for the last two months.
Third, flip to the weekly chart. SPX just completed its first bullish inside candle since July 2020. That’s another potential sign of the bulls seeking control and volatility easing:
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Reversal likely to hold up #SPX $SPY $RSP I expect some continuation from this recent rally. The percentage of SPX stocks trading above their 50-day MA is now bouncing from being too far below the lower band of the channel I have defined.
Annotated on the chart are the previous times it significantly breached the lower band.
MACD histogram turning green with MACD line curling up for a cross. RSI bounced and has some momentum. Next test at 50.
Bar some terrible news from Ukraine or Taiwan, we should see some of this momentum carry the market higher. For how long? Unclear. I would like to see $RSP start to outperform $SPY to signify broad strength opposed to a few names carrying the entire index (not sustainable or healthy).