PPD to continue higher* Relatively young
* Steady up trend
* Strong earnings
* Breaking out of a 4 month consolidation
* Breaking out with higher than average volume
Trade Idea:
* This is a great time to buy PPD as it's still close to the broken resistance and its 10EMA
Consolidationzone
SBNY breaking out* Relatively stable earnings
* Strong up trend since November 2020
* Breaking out of a 5 month consolidation
* Breaking out with higher than average volume
Trade idea:
* $260.37 should hold as support so you can look for buying opportunities there
* Or if you're not looking for a discount, you can jump in now and ride the next leg higher.
Be sure to place some distance between you stop due to market volatility these days.
DE to break out of 7 month consolidation?* Stable earnings
* Strong up trend
* Trading at higher than average volume
With volume coming through we may see DE break out of this consolidation and move higher.
Look for buying opportunities after a daily close above 392.42
INDIGO from 15 / 8 / 2021The stock is in consolidation zone for a few months
Expecting a few fake breakouts then a good upside movement from the stock
...
PS : the company is loss making company only small quantity size
Gold consolidation range After all the volatile news end of last week & Sunday night when Sydney & Tokyo session opened carrying on the momentum (session was already closed Friday so Sydney & Tokyo session missed it)
Large drop, usually a corrective pullback in price happens which bounced off a major support 1680 zone.
Next usually see a consolidation where buyers & sellers take a breather, was the move correct & continues or is price oversold (in this case) & price increases.
The consolidation range is roughly between 1725-1750
Price only really does 1 of 3 things but it’s a collective of all 3 that we’re able to read chart data, chart art whatever. It’s either up down or sideways so as long as you adapt to what the charts are showing instead of hopelessly believing what you want to see happen.. I have no idea where this ramblings going honestly PEACE OUT!!
INVH consolidating again before the next move higher?Recently INVH had an explosive break out from the $38 resistance. With tonnes of volume following even after the break.
Now that volume is slowing down, it seems like INVH is in consolidation mode again.
Will it give another leg higher? No one can be sure; but judging from the technical performance $39.50 seems to be support.
Thoughts:
* Volume is relatively calming down
* Seems to be consolidating before the next move higher
Trade idea:
* Look for buying opportunities around the $39.40 to $39.50 area
OR
* Wait for a break and close above $40.20
Will AMAT break the terminal pattern extending from March?AMAT is in a coiling pattern that extends from March 2021 and may be looking to break out now.
Fundamentally:
* AMATs sales growth quarter-over-quarter has been more than 30%
* Its EPS is expected to grow over the coming year
Technically:
* AMAT is in a pennant pattern indicated by the white trend lines
* Recently broke back above a resistance of $135.34 which should now serve as support
* Is approaching a confluence of resistance at $142.12
Trade idea:
* AMAT is approaching a confluence of resistance around the $142.10 area
* Expect selling pressure around there
* Expect the $135.30 area to serve as support
* Look for buying opportunities around the $135.30 area
OR
* Wait for a daily break and close above $142 as a confirmation
Notes:
* A break and close below $135 would make $130 the next support level and a break below that could send the price to the bottom of the pattern
* A break above $142 can be expected in the coming week
* However, this may continue coiling using 135.34 as support and the white trend line as resistance until earnings
BTC- 4 TH WAVE CONSOLIDATION DETAILED STUDYEven though i tried my wave count to convince the BTC bulls, it is not possible for me to deviate from NW rules in time cycles.
Wave 4 has to to take equal time as wave 3 taken, if you apply this rule ,we have more time left to finish wave 4,
So far wave 'A' of wave 4 completed in 5 waves (wxyxz), therefore wave B will resume fastly ,DON'T assume it as 5 th wave
Because after wave 'B', BTC bears will start selling to complete the final wave 'C' until 25th OCT,2021.
Since wave A is 5 segmet(motive) waves,the retracement of B is limited to 61.8%(47895)(2nd AUG)
Wave C must be of 5 wave down after wave B with a minimum target of 25300.
Hence 5 th wave will resume from NOV,21
AMD looking to end year long consolidationAMD is looking to end its year long consolidation and look to new horizons.
Thoughts:
* Looking at the weekly or even monthly time frames you can see it's in a clear up trend
* It'll have to brake and close above $94.28 before it can attempt to break through its all-time-highs.
* Very high trading volume likely to push the price higher from here.
Trade idea:
* Judging by the price-action it seems like this may come back to retest the $87.40 area.
* Look for buying opportunities around the $87.40 area.
OR
* Wait for a weekly confirmation (break and close) above $94.28
FAST trying to make new all-time-highsFAST is trying to break through and close above its recent all-time-high of $54.31.
Good news is that it's holding its previous all-time-high of $51.89 as support.
With buying pressure slowing down it may come back down to retest the $52.50 to $53.10 area as support before making another attempt at breaking and closing above $54.31
Final thoughts
* Strong up trending stock
* Expected to have earnings-per-share growth over the coming year
* Great long term hold as it pays dividends
Trade Idea
* Look for buying opportunities around the $52.50 to $53.10 area
OR
* Wait for a confirm break and close above $54.30
CADJPY LIQUDITY LEVELSI see banks building up liquidity as they try to trap both the sellers and buyers.
We have clean equal highs where both stops and orders would be resting. Trade carefully pals
Rule of thumb, dont fight the institutions.
BTC Looks to break down IMO Since the bull trend has broken we seem to be in a bear trend now.
How low will it go?
Perhaps we just consolidate in a range between 28.5K & 35.5k until deciding a new direction up.?
However I am likely thinking we are in a full bear season now.
SBICARD consolidating at imp levelsOn 6the May 2021, the stock saw a gap up opening, followed by a big bull candle, which further followed by sideways move same and next trading day, i.e today.
Seeing this price action, if the price sustains 970 levels, it could head towards 1040 and 1080 levels in the very near term.
USDCAD - LongI am bullish on USD Fundamentally as they are recovering well from the pandemic
I am bearish on CAD towards the American dollar as America has a stronger currency
I see a consolidation zone in USDCAD from 2015 and we arrived at the bottom of it this month, my entry was a candlestick pattern that consists of 3 candle sticks
1st candlestick must be a continuation of the current trend with no signs of slowing down
2nd candlestick (Doji)
3rd candlestick - this candlestick is a confirmation of the whole pattern, it must engulf the 2nd candlestick fully with its body and at least go into 40% or more of the first candlesticks body
This candlestick pattern can happen both after a descent and after a rally
LONG Breakout ADOBE After Q1 after consolidationWhen discarding covid19 effect, only once since September 2012 has SMA200 been above SMA50.
Right now there is a balancing act going on.
Yet over this week the price has broken out from the previous 3 tops and had strong support in 420-430 after Q1 postings.
Since then there has been a strong RSI14 development and is showing a strong yet not "overbought" tendency.
I have entered long in 515.23 today, as the spike in price over the last 3 days will ensure that SMA50 will stay above SMA200.
Please comment on my idea. Thanks.Xmr looked like manage to breakout couple days ago with good volume. But it seems there is a strong short-term resistance above the cup formation and the price rejected back from that resistance line which is the white coloured line. Also volume decreased significantly after the rejection which is really not so good for an upward price movement. We simply needed much more people trading and buying xmr to breakout succesfully above. Right now it also didnt seem to breakout downward and try to consolidate.
I m very willing to buy xmr because im sure it will go up. But when and how is 2 very important question. It can also form a triple top pattern before making the big breakout above therefore going down like in the first cup formation. Im watching and waiting before making any trades.
Good luck and be responsible with your hard earned money!
Always watch out for opportunities but be carefull.
PLUG showing potential upside, but leaning to a check of supportIn looking at the daily chart I'm leaning towards a final check of support into the upper $20s (PT's listed on chart) before regaining a steady uptrend.
Looks as if PLUG breaks below $34 again with rejection to upside, it won't find demand until at least $28 and change, with a final downside potential move at $25.70-$25.92.
If it can regain demand above that 120mil candle that failed, there's a nice little gap to push $43.16-$44.76; with a final upside potential of $47.25-$47.85 for that move.
Overall I feel that the red trendline below the current price action needs to be tested for equalization in order for a steady move up in the future. This is due to the lack of consolidation from that original move up in NOV 2020
LINK/USDT - potential 35% setupHello, Traders!
After entering a bullish trend and the subsequent correction, LINK continues to consolidate in the trading range of $25.46 - $30.10
Buy entry can be sought in the $27.00 - $28.26 range
Stop-loss can be placed under $24.60
Correctional Fibonacci levels would be the following:
$30,78
$33,54
$37,05
Watch out for the market and good luck!
P.S. This is an educational material that cannot be considered as a financial advice
BTC ABC Correction Probably Wont Happen At That PointBTC continues to surprise us with the rise of price. Even though we could say that we had experienced such price movement back in 2013 it is still a long time ago and has surprised me at least. From a technical standpoint we could consolidate with BTC between 3.618 and 2.618 fib. extension level ($63300 and 46600) but could still correct deeper. In my opinion at least btc still has to do one 40-50% correction but we don't know at what price point could it happen.
BITSTAMP:BTCUSD
CRV / TetherUS Positional and Swing trade chanceHi
we are observing this crypto Token since last 100 days and we can see a long consolidation in the pair.
if we observe the same pump in BTC soon we can see that the market dominance will distribute the funds to other sector too and Curve DAO token is also will get a good effect so we shall be having an eye on this token too
please comment your ideas
EUR/USD MULTI TIME FRAME ANALISYSWe have bullish patterns in all the time frames but the only bad thing is that the price is trap between support and resistance. The price is consolidating, I would be waiting for the price to break one of this structure level for a possible entry.
CROUSDT/1DAYWe have two scenarios for CROUSDT.
1st of all if price will be able to breakout from resistance and we see possible pullback (bullish candle is good signal) then price will rise like you see (1.618 is strong zone for trend reverse and we have also another resistance here, so you can tp before price going to kiss them)
2nd scenario will happen if price won't be able to stand above of its resistance. You can see the price trip for this scenario. I think price will drop to its strong support zone (Consolidation area + Fibonacci zone + Up trend).
Support zone will be able to reverse our trend and I think price will kiss again its resistance and maybe going to pullback above it (a long signal).
