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DOW JONES Short term rise very likelyDow Jones is finding support on the 1day MA50, forming a Triangle pattern. The same pattern during the late December 2022 consolidation, broke upwards and reached the previous High. Up to this point, even the 1day RSI structures since the Falling Supports are very much alike. As long as Support A holds, buy and target 34200. If it crosses under the 1day MA200, sell and target 31700. Previous chart: Follow us, like the idea and leave a comment below!!
U
by TheCryptagon
20
PFE - Buy The Dip or Follow The Trend?When I began research for this post I expected to be giving the bull case for Pfizer. It's the type of stock I like - a household name oozing with quality and prestige, a strong moat, beaten up with strongly bearish sentiment with multiple factors pointing towards recovery, with short term technical support and long term positive fundamental outlook. I like to play the contrarian in the stock market and it often pays well. So what about Pfizer? Well, technically it's RSI oversold (or was on Thursday, before a small bump Friday) on virtually every timeframe from the 1 hour right through to the Weekly. Looking at Measured Moves, something I do regularly, it's down 19 points from it's swing high on Dec 14th 2022, exactly the same as big upswing from Feb 25th to Aug 18th 2021, and just short of the Oct 13th to Dec 20th 2021 swing of 21 points. Note that these 3 swings mentioned are the largest swings in Pfizer history, due to the growth and subsequent crash caused by COVID and the following recovery. We also have the potential for an area of support here, with the area around 36 having seen both support and resistance on a regular basis since 2016, and if we zoom out a year or 2 and look at Volume Profile, depending on where your set your Visible Range you're going to see the point of control landing between 34.5 - 36. Either the current price or just below. So what's the problem? There are a few. "Patent Cliffs" are always an issue for pharmaceutical companies, where after 20 years their patents expire and they have to face competition from generic brands entering the space. Five of Pfizer’s products face patent expiration in the next six years — Eliquis, an anticoagulant medication, Ibrance to treat breast cancer, Xeljanz for arthritis, Xtandi for prostate cancer, and Vyndaqel for transthyretin amyloid cardiomyopathy. Excluding Pfizer's COVID sales, these 5 products respresent 40% of the company's sales. Just this week, William Pao, Pfizer’s chief development officer raised concerns about antitrust regulators cracking down on Mergers and Acquisitions, notably with the blockage of Amgen's $28billion takeover of Horizon. This raises questions about Pfizer's proposed $43billion purchase of Seagen, and whether they too will come under regulator scrutiny. Financially, Pfizer's revenue is expected to meaningfully decline in 2023, mainly due to a drop in COVID-19 related sales. Analysts estimate the revenue to be around $68.1B, a 32% YoY decrease. Pfizer's adjusted EPS for FY23 is expected to be $3.37, down 49% YoY, according to Wall Street estimates. This is a company that since 2000 has traded as low as 12 in 2008, to as high as 61 at the peak of the COVID drug mania. While technically we do look likely to see a relief rally in the near term, this isn't a company I want to be exposed to. There is too much uncertainty, and while it may look cheap on the scale of the last few years, we must bear in mind that those years were drastically inflated due to COVID drugs that are no longer relevent to it's financials. Pfizer is coming back down to earth with a thud, and I think the company belongs in the 27-36 price range until we see more clarity on it's Seagen purchase and how much it's revenues are pilfered by competing generics. No play for me right now on Pfizer. This is the reality of stock analysis - you go down the rabbit hole, and ultimately most stocks are neither a buy or a sell. Just a "wait and see".
NYSE:PFE
by HayeTrading
10
DOW JONES: Inverse Head and Shoulders on 1W target 34,350.Dow Jones hit again the underlying Support which marked a low on January 16th. That was the Left Shoulder (LF) of a potential Inverse Head and Shoulders pattern and if it holds again, this one will be the Right Shoulder (RS). The 1W timeframe is technically neutral (RSI = 49.180, MACD = 258.440, ADX = 22.862), which makes it a solid buy opportunity on a two month perspective. Our target is the bottom of the R1 Zone (TP = 34,350). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
22
DOW JONES Death Cross on 4h after 3 months.Dow Jones posted its first Death Cross on the 4h timeframe since February 22th. This should prepare us for more selling if Support (1) breaks. Trading Plan: 1. Sell under Support (1). 2. Buy over the MA200 (4h). Targets: 1. 32450 (Channel Down bottom). 2. 34500 (Megaphone top and Resistance 1). Tips: 1. RSI (4h) is posting a price action indentical to the one on the start of the Megaphone. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30
by TradingBrokersView
9
DOW JONES Big Buy signal if it holds the 1D MA50Dow Jones (DJIA) has gone a long way since the efficient buy signal we gave exactly 2 months ago: The index is right now testing the 1D MA50 (blue trend-line), which has closed 3 straight 1D candles above it and 4 since May 04. Since it broke below the Channel Up, going to the 1D MA200 (orange trend-line) and 32800 is possible but not as long as it keeps closing above the 1D MA50, which has been established as the short-term Support. Instead, as long as it does, we are bullish and targeting 34250. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
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by TradingShot
2
US30This is my my "Sunday" review. I'm slightly fluish but that still is no excuse to being a slack. Here we have US30 (A pair I actually didn't have the belief I'd be able to trade) From the Daily, we can see we are forming a pennant and in previous weeks we have broke an uptrend, retested and continued. So we know we have hit all 3 points on both sides. Move down to the 4H where we see a double bottom and an inverse H&S which is the opportunity for a bullish run. That is still not enough to declare our buying bias. We will wait for area of significance to be broken, retested before fully placing Buy Stops. Down to 15M, those mini runs are risky but if you're thirsty and have enough capital to play with (you know how much that is), then fully go for it and stay watching it. I have just read that it is the CPI week so it will shake up the fundamental side of the market.
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by Mhangwane1
DOW JONES: Harmonic pattern calling for a buy. TP = 34,350.Dow Jones is on a minor 3 day pullback after a strong rebound that closed over the 1D MA50. The 1D technicals are neutral (RSI = 48.264, MACD = 86.760, ADX = 23.509) and being on a Harmonic rise since March 20th Low, the 1D MA50 rebound is most likely the bullish wave to test yet again the R1 Zone. Unless S1 breaks, we are targeting the bottom of R1 (TP = 34,350). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
11
DOW JONES Channel Down emerging. This is its invalidation.Dow Jones (DJIA) is attempting to re-enter the Channel Down pattern that broke upwards, and on the bottom of which we gave the most efficient buy signal almost 2 months ago: At the moment the index is on the build up of a Channel Down which targets 32600. We will only buy if the price closes above its top (Lower Highs trend-line) and target Resistance 3 at 34900. As far as a long-term buy is concerned, we are only interested in buying if a Bullish Divergence is spotted on the 4H RSI, same as on March 15. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
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by TradingShot
4
CFD Update: FRA40 pushing at a new leg higher?Today's focus FRA40 CAC Pattern – Support hold - continuation - HL Possible targets – 7465 - 7600 Support – 7315 - 7360 Resistance – 7460 (ST) Indicator support – CCi close to 0 cross – 38.2 fib area Could we see a new leg higher on the FRA40? After Monday's holiday, price has opened lower on Tuesday, but there are a few bullish signs we are watching that could suggest a new push higher. Price formed an HL in the 38.2 fib area, support has been formed, and we see the support hold from a previous point of resistance. Price broke through the trendline, but we still need to see a new rally to confirm that. A new lower that closes below support is worry and could invalidate the idea. Another factor is tomorrow's US CPI data. Depending on what’s released, this could impact US indices and, in turn, move European indices. The Core is expected to come in lower, with Y/Y flat at 5.0% and the M/M higher at 0.4%. The CPI data is due to be released at 8:30 am EST tomorrow. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:FRA40Long
by Eightcap
DOW JONES The MA100 (1d) is supportingDow Jones has been closing daily over the MA100 (1d) for the past month. It is making Higher Highs since the March 20th bottom, indicating that the trend remains bullish. Trading Plan: 1. Buy as long as the price holds Support (1). 2. Sell if it breaks under it. Targets: 1. 34500 (Resistance 1 and Rising Resistance). 2. 32800 (MA200 1d). Tips: 1. The RSI (1d) has been rejected on its MA level and is making Lower Highs. That shows a Bearish Divergence that may eventually favour a Support (1) break. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
5
DOW JONES This pull back is a great buy opportunity.Dow Jones is approaching the bottom of the 6 week Channel Up, the level that provided us with a low risk buy entry last time. The 4H technicals are in red (RSI = 36.764, MACD = 20.900, ADX = 24.648) and an oversold 4H RSI would be the ideal buy entry. As long as the 1D MA50 holds, which is even under the S1 and the 4H MA200 (which is effectively the rising Support), we will stay bullish targeting the top of the R1 Zone (TP = 34,600). If the price breaks under the 1D MA50, we will hedge it with a sell, which we'll close at 32,500, near S2. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
2
DOW JONES Small pull-back possible but bullish long-termOne and a half month ago we gave the most optimal buy entry for Dow Jones (DJI) exactly at the bottom of its 4-month Channel Down: Right now the index is trading inside a shorter term Channel Up that is technically aiming at the 34900 Resistance, which is the December 13 2022 High, as part of its Higher Highs process. If however the 4H MACD currently completes a Bearish Cross, it is more likely to see one last pull-back below the 4H MA50 (blue trend-line) and near the 0.618 Fibonacci retracement level (33600) before the next rally. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
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by TradingShot
4
nasdaq 4hour chart say= upper target is fibo161%, dont pick sellif you have old sell 100 close all now or hedge them ( lot = 1.5 * total sells) AC indicator on daily chart is green this show up trend will come we have 3 fibo 161% now ,,,first fibo 161% show short term target1 is 13600 (pick sell possible there after sell pinbar comes with SL n pinbar high) then nasdaq can go down but will start up trend to 14000 even 14600(daily chart fibo 161%(long term target) ALERT= on bad news if nasdaq break EMA200 1hour (green line) it is switch signal to sell i wish you best trade and win but with SL in last high/low ,,,,put,eat SL is base of this game
CME_MINI:NQ1!Long
by ramin_trader2006
DOW JONES: Channel Up transitioning to a H&S? Dow Jones is still trading inside a Channel Up but the recent pullback has made the 4H technicals almost oversold (RSI = 32.864, MACD = -84.940, ADX = 57.885). The RSI on such levels is a technical buy but the Channel Up has more room to fall before bottoming around the 1D MA50 and 4H MA200. We are looking for a buy at 33,100 but if 4H closes under the 4H MA200 we will short to S1 and then buy. In either case the target will be the top of the R1 Zone (TP = 34,600). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
U
by InvestingScope
1
The Age of BubblesToday's world is a world of economic bubbles and rapidly changing technology. From cryptocurrencies to the dollar, from printing presses to centralized digital currencies, these are all part of our lives. However, with the arrival of CBDC (Central Bank Digital Currency) could be the beginning of the end of the bubble era. Currently, many investors and traders believe that economic bubbles are normal. Their creation can lead to rapid enrichment, but it can also lead to great losses. This is why some experts believe that we are in the age of bubbles. Cryptocurrency is one of the most famous economic bubbles in existence. It has quickly gained popularity, attracting many investors and traders. Over the past few years, however, we have seen its prices fluctuate, causing many investors to lose their money. This has made it clear that cryptocurrency is one example of an economic bubble. The dollar is another example of an economic bubble. Its popularity and impact on the global economy made it one of the most widely used currencies in the world. However, with the rising debts and budget deficits in the U.S., experts believe that the dollar could lose its stability and become another bubble. The printing press is another example of technology that can become a bubble. It can lead to inflation and deflation, as well as other problems related to the unequal distribution of wealth. However, there may soon be a solution to the problem of economic bubbles: the Central Bank Digital Currency. CBDC is a digital currency issued by central banks that is based on blockchain technology (or centralized blockchains haha) . It regulates and controls the circulation of money and reduces the possibility of economic bubbles. Since out of the chain between the central bank and the person will leave the private bank, which is what creates bubbles ( so the banks fall is inevitable) However, the emergence of CBDC could also cause some problems. Some experts worry about the possibility of limiting personal freedom and privacy, since the government would have complete control over the circulation of money. In addition, CBDC could lead to a technological monopoly unless there is full access and competition in the market. Thus, we live in an era of bubbles, economic bubbles, the dollar, cryptocurrency, and the printing press. However, with the arrival of CBDC we can hope for a more stable and controlled financial system. However, in order for CBDC to be a successful alternative, certain problems concerning competition, privacy, and accessibility must be solved. About ISO 20022 Central Bank Digital Currency (CBDC) can use ISO 20022 to ensure standardization and interoperability between different systems and participants in the payment infrastructure. ISO 20022 is an international standard for electronic data exchange in banking and finance. It provides unified formats for the exchange of information on payments, invoices, money transfers and other financial transactions. Using the standard ISO 20022 can improve the efficiency and reliability of payment processing in CBDC systems, as well as provide the possibility of interaction with other payment systems, which also use this standard. However, the specific standard used for CBDC may vary depending on the decision of each individual central bank. Many economists, traders and financial analysts are aware that financial bubbles are a problem that can economic consequences. They also understand that economics can work differently in different paradigms, so they explore new technologies, concepts and methods. In addition, many of them are already working with cryptocurrencies, blockchain technology and other innovative financial instruments, and therefore have an idea of how they can affect the economy and the financial system as a whole. Nevertheless, there are still economists who believe that financial bubbles are an inevitable part of economic life and that the economy cannot work without them. However, with the development of new technologies and approaches, this view is becoming increasingly outdated. In any case, economists, traders and financial analysts must remain open to new ideas and concepts in order to successfully adapt to the changing economic environment. Best regras EXCAVO
TVC:DJI
by EXCAVO
22