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Covid-2019

ASX - Two Personal Loan Corps surge as Afterpay flatlinesFollowing the end of Australian government's benefits to reduce unemployment at some time in H2 2020, there will be higher unemployment and lower incomes overall. The result of this is that the Australian public will use small loans to get by week to week especially when work availability becomes volatile. Certain types of businesses including those in the hospitality sector will close forcing casual workers to rely on Government unemployment benefits until meaningful employment can be found. Assuming that these benefits return to the levels seen pre COVID-19 (~ AUD$20 a day), many Australians will need flexible loans to maintain themselves. Some of the loan providers making noise are: ASX:Z1P ASX:APT ASX:OPY I'll be closely watching these; especially ZIP Pay due to its recent venture into the United States, a country that will see these issues magnified due to the lower number of government benefits available.
ASX:ZIP
by lewis3cheers
The World is on Fire but Markets are RetracingFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, lots of geopolitical events have been dramatically changing markets. First you have Covid19, than the talks of trade wars going on, and now you have chaos on the streets, peaceful and nice protests on other streets. Our geopolitical climate seems like a mess, but it is just another day in 2020. Lots of people in the financial world will get really emotional and this is why you see days where everything is immediately shortened, and days where there is continued growth. Overall though, everything seems to be retracing and the market in general seems to be heading towards a positive pathway for recovery.
ULong
by gamer456148
ABBV an Entry Point into the Wild World of BiotechBiotechnology and pharmaceutical companies have been quickly cycling through overbought and oversold. The problem has been so problematic that Sorrento Therapeutics had to specifically claim they were not a “pump and dump” scheme. Any whisper of a "cure" for Covid-19 has investors rushing to the entrance and quickly fleeing after results are what they had expected (an image of people rushing toward the exit and getting stuck in door comes to my mind). People who know the biotech sector have been cautiously watching the spectacle and trying to avoid getting trampled in a stampede. To be clear: your average investor is getting burned in the vaccine-hunt game. AbbVie "ABBV" is (and has been) a reliable pharmaceutical and biotechnology company for some time. The company is known for its generous dividend – previously at a yield of 5.20%. The company has a robust balance sheet with a Quick Ratio of 3.03 and a Current Ratio of 3.14. In the world of biotech, research and development is everything. ABBV pipeline is stacked with potential drug candidates many of which are in Phase 3 of development according to AbbVie’s investor relations brochure. From a technical analysis standpoint, the moving averages appear to be moving toward a positive crossover – EMA10 = 91.00, EMA20 = 90.88 EMA25 = 90.87. The stock does not look overbought or oversold according to the Stoch RSI and Money Flow Indicator. However, the MACD indicator shows that there may be a further swing downward before moving into positive territory. Finally, the linear regression model is one of the few biotechnology companies that is not inverse or appears caught in a sideway pattern. LONG ABBV purchased today (06-02-2020) @ 90.86.
NYSE:ABBVLong
by luminaryfi
6
Are We Going Sky High? ✈️ | LOCKHEED MARTIN ($LMT)🚀 Lockheed wasn't Immune to COVID turbulence, but from a long term outlook LMT is likely a great investment opportunity. Earnings have been strong, contracts have been impressive, and the chart has been mega bullish over the long term (despite being subject to market-wide corrections like COVID). For all these reasons and more, let's look at some long term levels for investors who want to soar to new highs with LMT. The first level we want to look at is S1. This range consists of a bullish S/R flip and has generally acted as major price pivot point since 2018. A dip to this level provides a perfect entry for long term investors. The second level to look for is R1. The logic here is that if we see bullish continuation, then we'll need to look for a pullback entry. A rejection at R2 and retest of the R1 currently bearish orderblock should provide some a decent entry for continuation higher. The logic is the same regardless of which entry one gets, the logic being that LMT is strong in terms of both technicals and fundamentals on a longer time frame and so we are looking to buy in after retesting key levels. Using this tactic allows traders to limit risk (as they can use stops placed below these levels if needed) and helps long term investors to get an attractive price on their buys. Good luck! Resource: www.fool.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
NYSE:LMT
by AlphaBotSystem
AMERICA RIOTS/PROTESTS TO TRIGGER NEXT MARKET CRASH? Riots & Protests = Social Gatherings Social Gatherings = Spreading Of Coronavirus Spreading Of Coronavirus = Restricted Economy Restricted Economy = Market Crash Whilst this logic may not fully constitute to a market crash, it just needs to be a catalyst. A trigger. Just as the virus was the catalyst for an over-valued market back at the highs, the riots & protests may also be the catalyst for the currently over-valued market and bull trap we are in right now. VERDICT: Since we are clearly already in one of the biggest bull traps ever seen, the conflict in America may trigger the long overdue market crash.
SP:SPXShort
by JayanVarsani
1
Gold Potentially Retracing, Prepare to Buy LongTechnicals: -------------- $16.03 and $16.61 are approximately the short term support and resistance levels, forming a channel where the price is being pulled horizontally. This area also appears to be a price consolidation point around $16.38 following an April 20th high volume day. Fundamentals: ------------------ Gold is trending up. This momentum is due both to the medium term high VIX volatility and an overall pattern of prices rising after a market correction/downturn event. This correlation of gold to volatility and market correction follows a similar pattern from 2006 to 2011. Strategy: ----------- Longer term call options are ideal for the current market. Purchase 3-month long call options if IAU breaks through $16.60 or if it retraces to $16.03.
AMEX:IAULong
by ConfederateTrader
1
Is Ford Ready to Go Vroom after This Speed Bump? 🏎️ | FORD ($F)🚗 This run had a slow acceleration, but it looks like Ford has finally popped into gear and is off to the races. After seeing some recent lows people (including the COO) seem to be buying Ford back up. Plus, Ford is in the headlines with their new cop car that kills Corona (its a thing, check out the link below). Mostly though, Ford looks like it is finally breaking its downtrend and we are looking for a long play to ride the wave. Resource: www.businessinsider.com + investorplace.com + www.barrons.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 1. Fractal Trend is showing an uptrend (Aqua colored bars) on the 1-hour timeframe. This is the first notable breakout since the COVID crash and it is correlating with other beaten down stocks. Overall this is a good sign. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines). 3. The goal here is to take a long position at the S1 bullish orderblock. This level also generally would represent Ford roughly retesting some previous highs before moving up. 4. Our stop loss is placed just below S1, with the logic being that S1 will hold as it acted as a clear major price pivot point. 5. Our target is the R2 bearish orderblock cluster and gap formed back in March. We will be looking to play future longs assuming the uptrend continues but for now we are only looking to play from one level to the other. 6. If S1 doesn't hold, then S2 offers another support level and a chance for the bulls to maintain an uptrend. Below that we breach the trend line and risk a longer drawn-out bottom if not more downside. Vroom vroom, let's make some money bulls!
NYSE:F
by AlphaBotSystem
The Broader Market May be in Apple's Hands 🍎 | APPLE ($APPL)🍎 Our last Apple chart played out like clockwork, now it is time to see what happens next. Apple is generally highly correlated with the broader market. Luckily for the broader market Apple stores reopening and hype about the iPhone 12 may just be enough to push Apple up past resistance. Plus, although it began to decline yesterday, the relatively high short volume ratio doesn't hurt either (as those trying to short the top could be squeezed on a move up; perhaps this weekend). Right now we are sort of at the mother of all resistances for Apple, we are right back at the all-time-high seen before the COVID crash. Our goal here is simple, to show the last resistance level on the chart and otherwise to map out support levels that will only come into play if Apple can't break resistance or if it comes back down later. Directly above us we have the R1 orderblock + S/R flip cluster which includes the previous all-time-high for Apple. If we break this and get bullish continuation, then this level becomes potential support to retest before continuing higher after. Below us we have a number of key levels, these include S1 which may act as a local support before moving higher. Then we have the S2 range created from a gap and orderblock. If those levels don't hold we do have support at S3 - S5 as well, although a move here implies a bearish path for Apple and almost certainly the broader market. Resource: www.cnbc.com + 9to5mac.com + www.forbes.com + fintel.io ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
NASDAQ:AAPL
by AlphaBotSystem
3
Recovery See Gold Slump, Can We Get a Pump? 🆙 | GOLD ($GOLD)🏆 Gold has been in a strong uptrend for a while, and COVID only helped to ensure it. However, with the equities markets recovering, gold has started to correct from its previous highs. Despite the correction, we still see an uptrend and plenty of support for now. Let's take a look at some levels. First off, we can see a channel that gold may be respecting based on reactions at the upper bound as illustrated on the chart. If this channel is in play, then we either want to see a clear continued move higher to see evidence the bulls are in control, or we want to see a test of the median with a strong recovery for short term continuation to the upside. Else, good luck bulls. With that covered, more immediate levels of interest include the S1 range defined by lows in previous price action and a bullish orderblock, the S2 orderblock cluster, and the S3 S/R flip, all of which may act as support. To the upside, we have the R1 local resistance (which the bulls will want to see breached) and the top of the trend line at R2 (which is the last resistance for the bears). To sum this up, we aren't predicting the direction of price, rather mapping out some levels so we can better understand price action as it does occur. We will reassess gold upon enough of a change in price action that a setup is warranted. Resource: www.kitco.com + www.cnbc.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
OANDA:XAUUSD
by AlphaBotSystem
LONG CCLKeep your trading simple 🚀🚀🚀 Long term bullish - this trade can take some time to unfold. T1 = minimum risk reward 1:1 Mind term target $24.6 - Closing gap. Entry was on the crossover. I would use a smaller position size because of the huge S1 S2 (stopping points). I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains. For maximizing your profits you can use Options. Not a financial advise just my view - trade smart trade safe. Follow me to support my work, Thanks!
NYSE:CCLLong
by DeepGreen
Gold touch 1900 before month close?Then afterwards going to build a handle for north continuation of a large monthly Cup and Handle pattern? In terms of UJ Seasonality agreement I have not thought much that far ahead other than a few bold statements and idea titled 't'. Recently I predicted Oil to hit USD 160 by September 2021 and I was called crazy and laughed at. Same when I first posted my Gold idea about a year ago. With current buying and printing aggression it will be hard to say where this is going. Monetary policy this forthcoming coupled with the instability between US, China, and the Mideast could easily introduce stronger volatility than we have recently seen with COVID imho.
FX_IDC:XAUUSDLong
by Deep-Peat-Shark
7
March was the Dark MonthFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, March was the dark month for the indexes and financial markets in which Covid19 hit the world by surprise and things noticeably crashed. Now we are on a stable growth towards positive retracement and recovery, and it looks like the total cases are starting to curve when looking at a logarithmic scale. Still the best financial strategies do well in both a bearish and bullish market.
CLong
by gamer456148
GME long, Gamestop ready to fill the gap and explode upward!NYSE:GME Gamestop is ready to go Long. In Q4 they turned in actual earnings of +0.32, at the end of May they will be turning in Q1 earnings, which the entire world estimates are horrid for every industry except bio techs. BUT my theory is that Gaming increased with school being out, work being canceled, people being laid off. People often forget the online digital sales of gamestop and the by mail sales. With less money being dished out for "trade in" games or systems, gamestop SHOULD be in a decent position to weather the COVID19 storm and squeak by with posting a much smaller negative earnings than estimated (-0.35 estimated) and post something along the lines of -0.15 or even a small profit of +0.10. My point is the market and analyst have way overacted to a company that functions in a hot space, with increased tute support and an product delivery system that was better prepared to handle this storm than other retailers such as clothing or sporting goods. additionally, this stock is trading at a much decreased relative volume headed into jaded earnings estimates, its MACD is trending upwards into earnings date, and the RSI looks to have stabilized more than post partum mother on beta blockers, red wine and Xanax. I have circled some price targets that should hit in accordance to their dates and it is technically trading into a channel and its also deciding if its going to be a triple top or a double bottom if you zoom further out,, a break to the positive side has so many stacked catalyst that it will speed GME from 5.50 to 7.00 in less than a weeks time once the ball gets rolling. Worst case scenario, it fails the channel, earnings suck as bad as estimates think they do, and GME has to wait til Q2 and Q3 to post a nice profit on some Console war action and climb back to 9 before Xmas.. I like the odds. going HEAVY here.
NYSE:GMELong
by TheStockMarketSniper
2
DAX one leg down to 10,700 before potential bullish rally to 12kIn line with promising PMI numbers, vaccine hopes, reconstruction plans might start to put hopes to Germany and Euro economy and ultimately lead to good performance of the stock markets across Euro zone. However, there has been number of mixed signals which might pull the index to the region around 10,700. But, i am still optimistic that the index is potentially positioning for a bullish rally to 12,000 within short horizon.
XETR:DAXShort
by bluepipsforexsignals