$ABNB Little breakoutTarget for this breakout $194, but I consider this share a long term hold. Industry disruptor
Equity
Stocks Make New Highs!! Again!! 📈🤑🥳Stocks got a big push from the FOMC minutes yesterday. We have smashed through our profit target at 4649, to make new highs yet again. We appear to be pausing around 4664, and forming a very narrow range here. We feel that stocks are overdue for a technical retracement, so be wary of FOMO-ing into a long position at highs. The levels 4649 and 4632 should provide support, but if not, there is a vacuum zone down to 4580. Our next target is 4693. The Kovach OBV is still very strong, which suggests we are becoming overbought.
Stocks Pause Below All Time HighsStocks are hugging the upper bound of the range discussed yesterday. This coincides with all time highs at 4633. The level we have identified nearby is 4629. The Kovach OBV is still very strong, but appears to have tapered. If momentum persists, we can anticipate another breakout soon, and 4649 is our next target, set by Fibonacci Extension levels. There is a vacuum zone below to the next level of support at 4580. After that, we can expect further support at 4564, 4545, and 4521. We are due for a technical correction. While it may not happen today, those last three levels could be ideas to buy back when we eventually see a correction.
Stocks Range Below HighsAs anticipated, stocks are ranging at highs. We are currently just below our next target of 4632. If we are able to breakout, then the next target after that is 4649. If ranging continues, then expect the action to be confined between 4580 and 4632. The Kovach OBV is still quite strong, but has tapered recently with the pause in stocks. We could be due for a correction soon. If so, 4564, 4545, and 4521 should provide further support.
Stocks Make New Highs!! What's Next??Stocks make new highs, despite persistent issues in the supply chain, transportation industry and protests over the vaccine mandates. The S&P 500 has broken out of the 4500's and seems to have secured the 4600's for now. We came within 5 points of our target at 4632, with the current high at 4627. We are seeing a red triangle on the KRI at this level suggesting we will face resistance here. Watch for continued momentum at open to carry the trend established in the Asia-Pacific session this morning. If it does not, we should range in the value area between 4580 and 4627. The Kovach OBV is still very strong, so the trend is likely to remain bullish.
LONG SAH BIG+% returns Equity Yields and TrendSAH Forwards eps rose this will lead to a price increase
Stocks Range Near HighsStocks have paused their rally, establishing value near all time highs. This is a clear sideways correction to a strong bull Elliott Wave impulse that we saw starting in mid October. From here, we can expect the S&P to range until further momentum comes through. If we correct further, expect support at 4545, 4521, or 4504. If we break out, there is a vacuum zone above to our next profit target of 4632.
$UKX Hourly - Target hit & can re-enter short We hit target out the gates this morning, but the subsequent bounce has offered another opportunity to re-short. Stops at 7255. Targeting initially 7190, but would like to see 7150 tested. Month end today so volatility not unusual.
UKX Hourly - Consolidating below prior support Index has broken upward sloping support and has been consolidating below prior support for the majority of the day. I favour further downside - looking initially for 7180 region.
Stocks Pause RallyStocks have paused their rally as we suggested yesterday. We have found support just above 4545, as confirmed by a green triangle on the KRI. The Kovach OBV is still strong, but has curved over recently to reflect the pause. We will anticipate further support at 4521 and 4504. If we can muster the momentum for a continued rally, we will need to break 4580 before we can consider our next profit target at 4632
$ANH Anheuser-Busch Inbev - Change of fortunes ? Pretty much one way traffic for Anheuser-Busch Inbev after the (expensive) SAB purchase and local listing. Very strong move today after an earnings surprise for Q3 earnings. Will be interesting to see if this will indicate a reversal of fortunes. A break of the downtrend and penetration of a possible channel at around the 10800 level could indicate the start of an uptrend for this share.
Stocks Dip, But Still BullishStocks have inched above the upper bound at 4580 to achieve new highs. However, the S&P 500 has pulled back slightly as we have anticipated yesterday. This appears to be a technical retracement as the S&P pauses for air after its aggressive rally. We expect support at 4564, 4545, then 4521. Our next target is 4632. The Kovach OBV is still really strong, but has curved slightly with the dip.
Stocks Rally for Fourth Day StraightStocks have rallied for the fourth day in a row. They have gained strength off earnings and the potential of the Fed keeping interest rates unchanged. We are seeing some resistance at all time highs as identified by two red triangles on the KRI. The next target is 4632, but we are likely to see a pullback first. The Kovach OBV is still very strong, but at this point we are looking very over bought. The levels 4580, 4564, and 4545 may all be levels to consider buying back on a possible dip. A healthy correction could take us to 4521.
Biocon - At good support zoneHi Traders,
As you can see from the above chart, currently BIOCON at good support zone at Rs.347/-, if the tomorrow price took the support at same level you can take the buy trade. You can take the trade after formation of 1 hour candle in the upward direction. You can take the trade at CMP and SL is based on your risk appetite and target is Rs.400 to 420/-.
But if the support zone fails to provide the support to price and broke in the downward direction then you can take the short trade ( 1 hour candle should close below the support zone) to take the trade.
Based on the price movement you need to assess and take the trade. I will also update about the trade you can check in the trading view under my ID.
This analysis is for short term trade and not for Intraday.
Note :
This is not a financial advice and trade at your own risk.
Thank you.
Enjoy the trading.
Stocks To Start the Week Strong??All stock indexes are set to open at or near all time highs off as investors prepare for key tech earnings. The S&P 500 is just under 4564 at the moment, having leveled off after inching out ATH's. The Kovach OBV is extremely strong, but be prepared for a technical retracement, especially if earnings disappoint. We should see support from 4521, 4505, and 4487. If we break out again, the next target is 4580.
AMD semiconductor beastAMD has been unstoppable over the last few years, and this last shake out of the market has been a testament to its momentum.
Perfect bull flag break out running to ATH and now looking for the cup and handle style break out in trend which often follows months long bull trend.
The market is set up well and my next targets for taking profit is around 133 and 145 over coming months.
APPL - LongI called this trade almost perfectly a couple of weeks ago, provided a very strong return and still significant space to move to the upside yet as it looks to retake its price back in the $150's
Stocks Climb Despite Hawkish Fed and Tech EarningsPoor tech earnings (especially from Intel) and Hawkish comments from Fed's Bostic were not enough to faze stocks. The S&P is still gunning for highs. It has leveled off at 4550. Our next target is at 4564, which could be within reach if we see another move higher. We are looking a bit overweight at the moment, and a technical correction is due. If so, watch for support at 4521 and 4504. The Kovach OBV is extremely strong, so there is no denying the bull trend.
Stocks Still Strong!!Stocks have pressed higher, but are currently rounding off. We tested 4545, the level we mentioned yesterday, but were unable to break through at the moment. A red triangle on the KRI denotes the resistance. We have since consolidated in a very narrow range between this level and 4521. We are getting strong support here, confirmed by three green triangles on the KRI. The Kovach OBV is still strong, but with this strong rally comes the risk of a technical retracement. If so, we should have further support at 4487 or 4462. If we see another breakout, 4564 is the next level, then we can consider new highs.
Stocks Rally Off Earnings OptimismStocks have continued their rally into the 4500 handle, on earnings optimism. We are meeting some resistance at 4520, but the Kovach OBV is still quite strong, indicating a clear bull trend. At this point a technical retracement is reasonable, and we should see good support at 4462. If the rally continues, we have only two levels above, 4545 and 4564 before we can consider new highs.
Stocks Rise Ahead of Key EarningsStocks have risen higher despite tapering and inflation worries. We have risen past the 4400 handle and have broken into the 4500 handle, but just barely. We have some key earnings today, so keep an eye on the news to determine if this rally will continue. We are starting to see some red triangles on the KRI suggesting that stocks may be facing some resistance. If so, watch for 4462 then 4400 to provide support. From above, 4521 is the next target. The Kovach OBV is pretty strong, suggesting stocks have returned to bull mode, if but for the moment.
Stocks Rally but Can they Sustain??Stocks have rallied to the mid 4400's, despite persistent inflation fears and a more hawkish stance from the Fed. We have topped off at around 4462. We came just a few ticks before the next level at 4487, before retracing. Currently, we are holding just above 4440. Two green triangles on the KRI suggest support here. The risk sentiment in the markets is mixed, and neutral at best, so it is likely that stocks will range today, assuming we do not see something change toward the open. The S&P is looking a bit top heavy, so there is more downside risk. If we retrace further, there is a cluster of levels below to provide support but 4408 seems likely to hold as a min lower bound for now.
$COIN Coinbase Support holdingAfter the IPO this one seems to have sold off and looks like it has now established an uptrend with defined support. Some risks involved in possible market regulation kept some investors at bay, but news yesterday from the Securities and Exchange Commission could bode well for companies like Coinbase in the future. Added some yesterday below $260 as part of a longer term portfolio. Last set of financial results looked very good with huge profit margins.
"The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry, according to people familiar with the matter." -Bloomberg
