Boring Stock, Getting Close to a Potential Long-Term BreakoutWaiting for a monthly close above the 8-year downtrend line to get in. The chart is pretty messy but many other signals are converging around that area (200-month EMA, 50-month EMA, .382 Fib). Price had a false breakout early in the downtrend based on the trendline I drew but I drew it where it is because it had many hits along this line. If price breaks out here I think it's significant because it would also be breaking above the 200-month EMA after dipping below temporarily (which it hadn't done for a really long time). I'm waiting for a monthly close above the 200-month EMA to start a position, and will plan on adding more if it can get about the 50-month EMA. I don't have a stop loss, this is a long-term buy and hold and collect the dividends if it can breakout. If it has a false breakout and goes down, I'll just buy up more at certain intervals and will update this idea. I think from looking at this chart and reading/listening to some of the other ideas about this stock that it can surpass the highs it made about 8 years ago and my price target is $270-$300 where I would start to think about using a stop loss and protecting profit. I like using stop losses eventually because it can let a stock potentially run rather than just selling when it hits the target. Anyway, waiting for another week to make a decision. If price ends up failing here, I think I will probably be able to get in down around $100 or maybe even a bit lower and I would consider starting a position there but I like buying on breakouts rather than trying to catch a "falling knife". One more thing on this stock, it hasn't participated much in the market recovery since the March lows from the covid panic selloff and that makes me like it also (just look at a long-term chart of Microsoft after the tech bubble, for a long time it pretty much traded sideways and now look at it, I'm not saying IBM will do the same but it could, I'm not one to limit the potential of the stock market long-term, over long periods of time it goes up on average).
**These are just notes about what I am personally considering doing and are not recommendations to trade. If you decide to follow any of this, trade at your own risk and keep a long-term perspective, I'm talking this trade could take the better part of a decade to play out (not weeks or months, that would be a short-term trade which is usually not for me).**
Long-term
Aussie Rest of Year Analysis 2022The yellow circles represent major turning points. After blasting thru the July lows this market has really punished the longs. We finally may have a correction. We still have some shorter term resistances to confirm, but assuming we continue up, we will run into resistance at the previous lows. Very simple longer term view
Sell off levels out on FSDFSD Pharma and it's subsidiaries have progress in advancing their three drug candidates (PEA, Lycid Psych. & Lucid-MS) through clinical phases. After partnering with covar pharmaceuticals and Acquiring Lucid Psycheceuticals (subsidiary of FSD pharma Inc.), HUGE was able to recently purchase a new facility in Cobourg Ontario (CAD $17 million) which will be closing of May 31st. Should be a break soon to come after sell off.
USDEUR Long-Term ReviewHello everyone, let's take a look at the USDEUR weekend chart as you can see the price has been moving in the uptrend channel since 2008 and has broken the downtrend line that has been going on since 1985.
Let's start with the designation of the support line and as you can see the first support in the near future is 0.95, if the support breaks down, the next support is 0.89, 0.84 and 0.79.
Now let's move from the resistance line as you can see, the first resistance is the support zone from 1.08 to 1.21, if you manage to break it, the next resistance will be 1.56.
Looking at the CHOP indicator, we can see that in the 1W interval, most of the energy has been used, but we still have some more for the next move, and the MACD indicator confirms the current upward trend.
When I expect the crypto next bull market to beginBased on the all-time pattern on the monthly chart, when next bull market would begin is expected to be somewhere in autumn 2022 or winter 2023, approx.
The red 'strong counter-momentum' diamonds on Momentum Master have always resulted in at least a %55 drop or more within several monthly candles, and that has already come true this time around as well.
This was calculated based on the average bottom duration after those signals on the previous two cycle-bottoms and some margin of error.
$XRP Primed For A Big Run$XRP is on the verge of breaking out of upward resistance from April of 2021. After two rejections from this resistance, the price has finally broken through. There was a breakout on the daily yesterday as well as a successful retest. If the price can close above the resistance on the weekly, we are primed for a big run. As you can see, there is a lot of room to run on the weekly RSI as well. A 2X run up to $0.91 is minimum in this spot. The next two targets are $1.35 (3X) and $1.97 (4.5X).
I will be keeping a close eye on this one over the coming days.
USDJPY - Potential Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
USDJPY is overall bullish trading inside the brown channel.
Moreover, the zone 144 - 147 is a strong supply zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green supply zone and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
Since USDJPY is around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich