Longer-term
GBPUSD Longer Term ShortAs per the video the pound has been in decline over the past years so am looking for longer term shorts. On the weekly price action looks toppy and there's a good risk reward potential for entering short now looking for a retracement to 50% or even further. Whether it will ever reach parity or simply bottom out and climb remains to be seen in the future.
DOA trading Strategy - SPY#SPY - For my long term people!
I know a lot of yall are asking me about my personal long term positions.
When I did my last long term projection of SPY back in March 2022
I said that SPY will hit $390 before June
We hit $383 May 2022 then bounced hard ✅
I've been out of my long term since March 2022 most of you probably remember that I've been shorting the market since end of March 2022 when we caught the 2nd drop from double top back in March.
I'm getting ready to enter on my long term if we hold at $360-$365 area
From what I'm seeing now, we are currently getting ready for a 3rd impulsive wave, and just finishing the corrective wave.
We should hit $360-365 before end of September
Then if we hold, I'm going shopping for long term!
Falling Wedge- Bullish - UpdateNice falling wedge on CAT here along with some slight bullish divergence on the RSI. Will be watching CAT closely here for a breakout from this wedge (Broader Market Conditions Permitting). Definitely worth noting that CAT is a relatively slow mover so likely will be a longer-term play. Bullish- just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on in the meantime. -Previous Charts are attached below-
- Falling Wedge
- EMA's converging & starting to curl upwards
- Bollinger Bands starting to squeeze (Not Pictured)
- Slight Bullish Divergence on the RSI (Not Pictured)
- MACD Golden Cross
- Buyer volume picking up to seller volume
PT1- $207.79
PT2- $208.61
PT3- $210.79
PT4- $211.34
--Previously Charted--
Falling Wedge- Bullish - UpdateENPH starting to look really nice here after pulling back to the 200-day EMA following new ATHs. Big falling wedge forming on the 4-Hour and Daily Timeframes. Certainly a longer-term play, however, bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout, see previous charts attached below for previous price targets.
- Bullish Hammer off the 200-Day EMA
- RSI in Oversold Territory
- Falling Wedge
- Slight Gap to FIll on the Upside
- Holding Above VWAP on the 4-Hour (See Attached Chart Below)
- Falling Wedge on the TAN ETF as well
PT1- $185.37
PT2- $187.64
PT3- $189.36
PT4- $191.48
--4-Hour Timeframe--
--Previously Charted--
--TAN--
Falling Wedge- Bullish - UpdateTAN along with the solar sector starting to catch my eye here- Holding a big symmetrical triangle with a falling wedge at the end (See Attached Chart Below). Undoubtably a longer-term play, however, solar's price action tends to be quite cyclical so will certainly be looking for a breakout from this triangle and wedge (broader market conditions permitting)- Just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish
- Symmetrical Triangle
- Bullish Hidden Divergence on the RSI
- Bollinger bands squeezing on the hourly timeframe (See Attached Chart Below)
- MACD Golden Cross & bullish divergence on the RSI on the hourly timeframe (See Attached Chart Below)
- Falling wedge on the daily, 4-hour, and hourly timeframes (See Attached Charts Below)
PT1- $83.93
PT2- $84.87
PT3- $85.17
PT4- $86.15
--Hourly--
--4-Hour--
--Daily--
--Previously Charted--
Flagging on the Daily- BullishNKE looking interesting here sitting right on its 20-day EMA, falling wedge on the 4-hour and hourly timeframes along with what appears to be a big ascending triangle forming. Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Certainly a longer-term play, however, bullish and looking for a breakout from this flag
- Flagging on the Daily & 4-Hour Timeframes
- Sitting on its 20-day EMA
- Seemingly Going to Reclaim the 20-Day SMA (Not Pictured)
- Ascending Triangle Forming (Not Pictured)
- Falling Wedge on the Hourly Timeframe (See Attached Chart Below)
- Bollinger Bands Squeezing on the Hourly Timeframe (See Attached Chart Below)
PT1- $169.91
PT2- $170.98
PT3- $172.39
PT4- $173.18 +
-Hourly Timeframe-
NZDUSD Longer Term ShortWe've seen some rapid bullish movement on this pair over the past few weeks, almost 10 weeks straight up. This pair is well overdue a major correction and I really like this area to take a short. We're just about on the 886 reversal on what is a HTF bearish chart. Until price action breaks those previous highs this is still bearish in my eyes and this area gives us a great RR nearly 6 to 1 to short to the 38.2 retracement, that is a modest target I feel as well because if this decides to make another leg down there's a huge trade to be had but let's not get greedy!
BPCL - Good Short opportunity - 1hr Analysis- Short termBPCL is at a very crucial level. A good short trade is expected. Breakdown of 2 months trend - Good fall .
Breakout trade can give 1% to 1.5% targets.
Short below- 390
Target 1 - 380, Tgt 2 - 370.
St Loss - 395
Buy above - 395
Target 1 - 400, Tgt 2-405+
St loss-390
AUDNZD BEARS COULD BE IN CONTROL HERE BEARS COULD BE IN CONTROL HERE.....
WITH LOTS OF GAPS AND MUCH BEARISH PRESSURE WE ARE SEEING THE BEARS MOVE THIS MARKET TOWARDS THE DOWNSIDE ..
IF ANY BULLISH MOVEMENT COMES FROM THIS WE COULD SEE THE RALLY TO 1.08894 AREA BEFORE FURTHER MOVEMENT TO THE DOWNSIDE ..
LETS KEEP AN EYE OPEN
Another Lithium position trade My second position in the lithium sector, and again not the best entry at .52 so was in the red for a few weeks. This is a small position to start with until I either see a break of the longer down trend line or some good higher lows. I will be looking to add to this position on the break of the .55 resistance. I have no target set as this is a long term position trade in the lithium sector that may take a few years to play out. I will look to move my stop up to break even once this breaks the .55 resistance and continue to
Longer term analysis of EURCAD.Hi Traders
EURCAD is coming into an interesting area on the weekly timeframe. One we could either bounce of or break throug for a longer pullback.
The Hitman indicator is still bullish at the moment but the coming candle might change that bias. I will watch for price action clues on the daily to see if we break through that weekly support or we bounce of and go for a retest of the monthly resistance area.
As it looks now I might not enter a position this week yet as it is all in the making. There is no reason to jump in early as there is plenty of room for entering a position both ways. Also GDP news for the Euro-Zone coming out this friday. They might give the final hint in which direction things will go. I either get a very clear signal on the daily before friday or I might wait for the release of the GDP-news and then check for an entry coming monday.
NVDA NEW ALL TIME HIGHComplete analysis. 322,62 USD +10,12 (3,24%)
Tehnical :
1. We are in a very sharp uptrend, which indicates that buyers or bulls are in control.
2. We do not have any bigger pullback. For a healthy trend we need pullbacks, they are needed.
3. When we do not have any pullbacks in uptrendm we say trend is extended, and has a possibility of a big pullback or even a reversal.
4. We crossed the resistance on very low volume - i know we are at the beginning of a new week, but that is not important that much, for a successful breakout we need a big volume, period. We do not have big volume on weekly chart. We have a big volume on daily chart, which is good and possibility of a fake breakout is smaller.
5. Today we are up 3.24% which is a good indicator.
6. On hourly chart we are already reversing ! - possibility of a retest is bigger - do not enter yet.
7. On hourly chart we broke With a huge volume.
8. Wait for a retest, if we fail a retest do not try to enter, if we bounce back with confidence, consider enering stock. ( 317.30 )
9. It could happen that we break the support line, and consolidate below or above this line. In this case wait for a clear direction of a trend with a synch volume.
10. On 4 hourly chart we are too extended, so retest or a pullback will occur.
11. Expect a reversal also, when we make a new high we are in a very vulnerable position, because we can create double top, if we do not have enough buying support we can only pray.
12. Consider having the middle of the candle that breakout as a support area. ( i teach that in my program )
When we have big extended candles, we have a psyhological support at the middle of that big candle.
Fundamental : ( today )
Open- 312,30
High- 324,50
Low- 311,15
Mkt cap- 197,60B
P/E ratio- 71,31
Div yield- 0,20%
Prev close- 312,50
52-wk high- 324,50
52-wk low- 132,60
Nvidia Stock Is A BUY
However, the mega deal remains on track for now. Nvidia is a leader in the fabless chip group, which is regaining momentum as industry headwinds ease and the China trade war eases. But some analysts suggest the coronavirus risk could chill the electronics end market through 2020.
(USD) Jan 2020 Y/Y
Revenue- 3.1B 40.82% +
Net income- 951M 68.02% +
Diluted EPS- 1.53 66.3% +
Net profit margin- 30.63% 19.32% +
Operating income- 990M 236.73% +
Net change in cash- 1.13B 1754.1% +
Cash on hand 10.9B- 1293.35% +
Cost of revenue 1.09B- 9.22% +
Street analysts are Bullish on NVDA, while Seeking Alpha authors are Neutral. The stock has a Quant Rating of Neutral.
The firm's Ranvindra Gill and team raised its price target to $360, implying 12.7% further upside; the company's shares rose 47% since Needham's last upgrade and "have blown past" the prior price target, they say.
I DO NOT recommend taking any of my trades.
This analysis is only for entertainment only and i am not a financial advisor.
If you like this and most importantly find it useful, please show support by liking this.
If you have any questions, feel free to ask.
Rene Pungartnik
+BlackStock
Ljubljana.
CRUDE OIL (WTI) COMING INTO MULTI-DECADE LOWSCRUDE OIL LONGER TERM POSSIBLE BUY
SO WHEN TAKING A LOOK AT THIS COMMODITY, ESPECIALLY ON A LARGER TIMEFRAME DATA CHART (IN THIS CASE MONTHLY), IT DISPLAYS THAT OIL IS COMING INTO MULTI DECADE LOWS. TH NEXT MAJOR POINT OF PRICE BEING 14.00. KEEP AN EYE ON THIS COMMODITY, WITH THE MOMENTUM THAT IT'S HAD FROM THE SELLERS IT'S A GOOD TIME TO SIT BACK AND WAIT. AND LETS SEE HOW THE BUYERS REACT AT THESE UPCOMING MULTI-DECADE LOWS.
WANTED TO MAKE A POST TO MAKE PEOPLE AWARE TO KEEP AN EYE ON THIS BECAUSE LONG TERM IF YOU'RE A COMMODITY TRADER/INVESTOR THIS MAY POSE A GREAT OPPORTUNITY TO BUY A COMMODITY THAT WILL BE AROUND FOR AWHILE AT A GREAT PRICE.
PLEASE REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT. I AM NOT A PROFFESIONAL FINANCIAL ADVISOR NOR AM I GIVING FINANCIAL ADVICE. THIS IS BASED SOLELY ON MY OUTLOOK AND NOT RECCOMENDED UNLESS SPEAKING TO A FINANCIAL AUTHORITY FIRST.
KEEP AN EYE OUT! CHEERS! THERE WILL BE OPPORTUNITY AMIDST ALL THAT IS HAPPENING! WHEN OTHERS SEE OPPOSITION, SUCCESSFUL SEE OPPORTUNITY. CHEERS!
Downtrend will continue until November - $5,000 per bitcoinShort points for the next months
Downtrend will continue until November
Security Tokens will get into the game
The price at which most miners would really start shutting down their operations is around $3,000 to $4,000 per bitcoin
More institutional investors will get into bitcoin (end of September ETF)
The sell-off currently from investors, who last year piled into initial coin offerings (ICOs) and now getting out by empty promises / weak MVP.
Learn more about Security Tokens
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FVX 5 Year Treasury Yield: Longer Term Outlook for RatesFVX Longer Term Outlook for Rates
Since Yellen retired in February FVX has risen to test the the junction of the upper parallel at the same point in time as it hit the fixed resistance line at 29.83. Since then it's been consolidating inside a slowly forming pennant formation with a spike down to the 25.46 line almost exactly before it pushed higher again.
Though it's likely to spend some more time messing inside the pennant, eventually the upper parallel is going to give way leading a spurt higher to 37.22 and then after consolidating some more should beat 37.22 and push higher to 52.39.
That's the most likely stopping point for interest rates from that point - until wage inflation pops even higher, forcing the Fed to follow long again on rates, whether the President approves or not.