$JSEPPE Purple Group. Nice consolidation breakPurple Group broke of of a four month consolidation pattern today. The previous high of 120 looks like a possible target. Warning: Small caps with low liquidity are prone to wild swings at times. Take that into consideration when setting a stop loss. A break back into this consolidation pattern on a daily chart could indicate a consolidation continuation.
Equity
NAS100 - longs running 📈🚀Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
This isn't one of our main timeframes, but I'll be doing more testing on the H2 chart over the weekend.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
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The stats for this pair are shown below too.
Thank you.
Darren
Momentum in Stocks??The S&P looks like it has broken out of the pseudo-megaphone pattern we have been watching for over a week now. We hit our first price level at 3928, but we are facing resistance from this level and 3939. If we manage to breakout 3962 will provide resistance next and may be a great price target. From below 3887 and 3867 will provide support. The Kovach OBV has picked up notably, however this breakout looks pretty weak, so be careful.
S&P Failed Breakout??The S&P broke out from our inverse head and shoulders pattern, but faced resistance at the trend line which forms the upper bound of our pseudo-megaphone pattern. If we can't muster the momentum to continue the breakout, then this is a bearish sign and the S&P could retrace all the way back to 3737. If momentum picks up we can easily hit 3909, a technical level and a Fibonacci Extension level from Fibs anchored on the inverse H&S. The Kovach OBV has dropped off suggesting weakening momentum
Inverse Head and Shoulders in Stocks!!The S&P has found support off of the lower bound of our pseudo-megaphone pattern. We appear to be forming an inverse head and shoulders pattern with a neckline at 3848. We are currently forming the second shoulder, and it would be wise to wait until we fully form it before preemptively trading it. Our next target would be 3886, which is the intersection of the upper bound of that pseudo-megaphone pattern and a technical level. If we are wrong, 3792 should provide support
Long on TSLA is ON! But be wary...Hello Traders!
Here is my first post on an equity and it might as well be Tesla, followed by a GME post coming up lol
While the dump has been significant, the reversal at Long Entry 1 is a good sign. We shall see what occurs soon.
Here are some key levels -
Entry 1: $547.28
Entry 2: $ 463.90
Directional Stop: $401.01
Target: $1067.34
While the long setup is activated, I am going to be paying attention to overall economic conditions in the coming weeks. The printing press is being fired up once again!
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
NAS100 USD BUY (NASDAQ 100 INDEX - US DOLLAR)Hi there.
Paying close attention to VIX behaviour. If VIX continue making higher lows, equities are going to push more lower, but if VIX move strongly to the downside equities will continue with the uptrend.
From a technical view, price is forming a continuation pattern to the upside and has rejected strongly on previous resistance now acting as a support level.
$JSEZED Zeder. Back into consolidation For a brief period Zeder looked like it was breaking from it's consolidation channel between 256 and 275. It broke back into that channel and tested both channel support 256 and resistance 275 levels again. I will be patiently waiting for the 275c level to be tested and broken again. No timeframe on when this will happen. Neutral.
Bond Yields Still Hammering StocksStocks retreated from relative highs and the upper bound of our pseudo-megaphone pattern, which has been holding for over a week now. We found support at the lower trend line which formed the lower bound of the pattern. The Kovach OBV is still extremely bearish and the recent jump in bond yields will further entice investors to diversify and sell some of their stock positions. Watch for stocks to hug the lower bound of the megaphone pattern and potentiallly break down further. If so, watch 3694, 3676, and 3658 for support. If stocks get a sudden burst of momentum, we have a bit to go before highs or the upper bound of the pattern, and there are three levels in the way which have proved significant in the past: 3792, 3810 and 3825
Stocks Gearing Up for a Breakout??Stocks appear to be coiling up for a breakout. We had some wild fluctuations the past few trading days, but we are currently seeing a consolidation just under the upper bound of our pseudo-megaphone pattern. Recall that this is not technically a megaphone pattern which requires higher highs and lower lows. However it does obey the spirit of the pattern which is an increase in volatility. We are currently hugging the trend line at the moment, and may form a bull pennant before another breakout. It is also possible to see one more test of lows, so watch what the momentum is doing at open. This will give you a hint. If we reject those highs, 3867 will provide support and then 3848. If we break this level it is likely to test the lower trend line of the pattern again. The levels 3927, 3938, and 3962 are targets to the upside.
DJ30 - running blue 👍Entry details are shown on the chart.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out do they.
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
Another Stock Breakout??Stocks have recovered nicely from that huge dip. Trusting our senses paid off yesterday as the S&P hit our target exactly. We are seeing an extension of the megaphone type pattern we discussed a few days ago. For the pedantic, technically, this is not a megaphone pattern, since we'd need higher highs in addition to lower lows. However it does obey the spirit of the megaphone pattern in the sense that we are seeing an increase in volatility. There appears to be a bias forming to the upside which suggest we could see a breakout soon. The Kovach OBV has picked up, suggesting it may be loading up for that breakout. Relative highs at 3937 would be a great target. Expect resistance there as this is a significant level
BABA Sells approaching TP 🎯Entry details are shown on the chart.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out do they.
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
Buy on Apple now valid... 🍏Entry details are shown on the chart.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out do they.
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
NAS100 Buy Now Valid... 🤗Entry details are shown on the chart.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out do they.
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
Stocks to Recover??The S&P had an extremely choppy day on Friday. Prices oscillated wildly between 3791, and just below our level at 3867. Currently we are testing the upper bound of that range. The volatility and failure to break through to lower levels coupled with the testing of the upper bound suggests we may see a breakout to the upside today. Watch for 3867, 3887, and 3910 to provide resistance and these should be thought of as profit targets. Eventually we will close the breakout rejection from our inverse head and shoulders pattern from last week but that likely wont happen today unless we get an extreme amount of buying volume.
Dollar General/ DG GREAT BUY Surprisingly enough this company is stellar when you look at the financials. Its Cash Cycle is under 30 days with absolutely NO ACCOUNTS RECIEVABLE!!! its been growing its revenue around 10% each year, management has been buying back shares to increase shareholder equity, its dividends are squat :( , but they are gunning for Five and Below/ FIVE s market by opening POP Shelfs in the 'Burbs. If the POP Shelfs are able to take hold then I could see this company keeping par with its 10% revenue growth rate for the next 10 years. For the past decade the GPM has not dipped below 30%. the Return on Equity (for the value investors like myself) has been steadily growing with the last years being 25.5% with a 10 year average of 20%. And with COVID-19 still keeping people out of work and unemployment moderate to high I can see more households stretching the dollar which will grow this company's Revenue. As the families effected will be looking for the bargain stores to save their capital. The Company has ZERO short term debt, but they have no treasury shares. :( so, they have no equity out of the market and i think this particular reason is why i think its more of a "B+" investment rather than a A+ investment. If you're a conservative investor the D/E Ratio for the past year was .43, so that's not bad! with only 4% of their operating income going toward paying off interest on long term debt as compared to the moderate 15%. :) so when they buy their shares back its possible they might be retiring them. the Current Ratio has been a strong 1.5-1.7 for the past decade with a few exceptions, and their retained earnings pool has been steadily growing. Currently its trading under value with a fair market value of 196.xx with Ben Grahams formula putting it around 294.xx. I would love to see the price drop below 185.xx before buying so that way one can maximize their return on investment. If you're a growth investor or value investor this is a great company a solid B+ or A- to build a portfolio on. I would love to see this ABCD pattern complete as a great entry.
Carnage in Stocks!! 😱Our inverse head and shoulders breakout was very short lived for stocks. The S&P has retraced this entire move and then some. It even broke past the head of our inverse H&S. Currently it is finding support at 3809, but it looks to be getting really comfortable with these lower levels. The Kovach OBV is very bearish, and the oscillatory behavior registers major momentum in both directions over the past few days. For our next level of support we need to appeal to the 3700 handle. We have 3792, and then 3757. If we manage to catch some momentum, we have 3867 which would be nearly a 50% retracement.