XRPUSDT: Bullish ContinuationRipple is a long term hold. But you can still trade in between as well. XRPUSDT is showing more upside after breaking the downtrend resting right on top of the 61.8 retracement. We received a double bottom followed by a 2618 pattern setup. There are two targets as indicated.
Trade with care.
HOLD
Rio Tinto - Up or Down ?Rio has successfully completed a rising wedge pattern - broke down the support line and now it's slowly going to test it. It seems like very likely the support becomes a new resistance and stock is going to go down.
However, it has also stopped at the 50MA with slightly increased volume, which may signal also a support. Now, it is crucial to watch the lower trend line of the wedge, whether it breaks it back or not and based on that Rio will choose its next journey.
PERFECT TIME TO ENTER THE $XRP MARKET -- HOLD RIPPLE!!Formation of the XABCD pattern and candlestick consolidation leads me to believe that this is an ideal time to enter the market. With additional institutional applications of Ripple emerging every day, I think volume will start to increase and drive up the price.
AUD / USD Upside In my opinion it's to early to go long on this pair ... yet.
To have a best opportunity and smallest risk I want to see price hit 0.7330 on horisontal supportline or even better, diagonal trendline at 0.73000 before I will hit any buy.
I see 0.7500 as potential target area.
Good luck!
AUDNZD in Consolidation. Underlying Trend is BullishIf AUDNZD breaks above the red resistance area, we might see a bullish trend continuation.
If AUDNZD holds at the resistance area, it might continue back to the support area and retest the lows. Because of the underlying bullish trend, it is more likely to reverse back to retest to highs
Current PatternsAfter trianlge completes, look for another corrective structure. If the corrective structure is down, then this means the trend is still up. The corrective structure will probably last only 3 to 5 days.
I think the Market is over-valued. I'm on HOLD for this market, until I see prices return to reasonable values.
Should you buy ahead of earnings?Google has been trending up nicely.
If you missed it, what should you do?
TRENDING UP, BUT PAUSING
- Long and medium term trends: up.
- Short-term: high flag consolidation ongoing (same as NASDAQ).
- Short-term technical indicators: turning negative?
- Would like to see a break/hold above $819 for a continuation of the uptrend.
MANY UNCERTAINTIES
- Toppish market, ripe for consolidation.
- $770-$785 gap needs to be bridged.
- Upcoming earnings (October 27).
- Potential bid on TWTR.
- Pixel smartphone.
HOW TO PLAY GOOGL?
- H olders keep holding but beware of $800, $785, $760, $670 (stop-loss levels).
- N on holders should buy Nov 18 $825 calls at $17.20/share (2.14%) to benefit from eventual earnings pop.
- The purchase could be matched with same maturity put sale strike $760 at $11.70/share (1.46%).
- Total strategy cost 0.68% to benefit from earnings upside or go long 5% lower.
POTENTIAL FIBONACCI RETRACEMENT HOLDWe have a nice strong channel from the 29.2.2016 and the price just touch the it. The demand zone with 50 % fib retracement can hold, and push price back to supply zone at 1.47000. So we can see the nice forming HH ( higher high ) and HL ( higher low ) formation. This we use to find a potential trend reversal.
Have a nice week !
Trading Plan for next 2 weeksTrade ideas are based on my anticipation of an inverse head and shoulders.
This should atleast help gaining some orientation for price action and time windows.
Make sure to check out my other charts for more information.
Feel free to leave comments or questions bellow and upvote this chart if this is usefull to you.
Cheers : ]
WFM - Gap BelowThere is a gap between 51.88 and 51.52. If price comes to fill this gap, look to go long.
The next line of resistance is around 54.00.
Customer Sentiment.
Customers love Whole Foods. Every yelp store review you check, you'll see that the customers complain of the prices and of the crowdedness, but love the food. So if Whole Foods stores are generally crowded, then they're picking good locations, they're selling a lot, and they have room to expand with new stores.
2014 drop off:
Price dropped off last June. This is because of missed earnings reports due to expenses. The expenses are new stores, and all of this information is available in the financial report on the company website.
Expanding:
Whole foods has expanded with many new stores in the past three years.
Employees.
Whole foods does seem to compensate their employees better than other grocery stores. In contrast, you have Walmart workers who are surviving on food stamps and in-store food donation bins, for the workers, who work for minimum wage to sell a mix of chinese imports and now some organic food. I think Walmart and the others don't get the idea. Worker sentiment matters because when the workers are underpaid, they treat the customers worse, and sometimes they go on strike, which is something to watch out for.
Whole foods has been expanding into a market that is gaining popularity. I don't see this trend changing soon. I have a good feeling about the February earnings report and the company as a whole.
When consumers have more money, they will buy healthier food. Whole Foods is one of the better grocery stores.
The Opportunity's Blackberry "BBRY" Could Be Capitalizing On. I believe, fundamentally, that blackberry is undervalued at its current share price and this is why. Initially that had a hard time keeping up with the competition, and lets face it the Z10 and the Playbook were both major flops. But a business can, and should use its failures to its advantage, and use it to tweak their business model which is what BB seems to be doing.
They have come to the understanding that, "Maybe we can't keep up with Apple in the consumer market, but we're still holding up the business world, why don't we capitalize on that"; which is exactly what they are doing. With their new product the "Passport" which was announced earlier this week, they have created a device that is is targeted to people in the business world. They have adapted their business model to suit their target audience, rather than fighting to hold a weak position in the consumer market.
Another huge asset that BB has, that many others are unaware of, is their secure network that is completely "off the grid". Any sensitive information is inaccessible to the outside world for hackers to obtain. Apple boasts about their security, yet hundreds of celebrities icloud accounts were hacked simultaneously earlier this month, while their private information was published to the web.
On top of that Apples new "IOS 8" operating system has had major issues, and the latest iphone has had several reports of bending in peoples pockets. Blackberry has a window to capitalize on the mistakes of apple, but its closing. Remember when Samsung mocked apple during the iphone 5 release, for their gimmicky marketing tactics, when Samsung introduced the Galaxy s3? That campaign alone allowed them to steal a huge market share from Apple.
I strongly believe BBRY's next earnings report will be in the green. There is no reason why the Passport should flop, unless there is a catastrophic failure that has yet to be found, which is unlikely. By narrowing their target audience, they can focus their expenses, and maximize profits by wining over a particular market share. Making their product exclusive, it will inevitably become a desired product.