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ORCL Textbook Bull Pennant Coincident With Index Support CatchORCL Upside break-out of a Descending Pennant. Some things to note: Hold of 50 EMA within the pattern High volume entry into the pattern with descending volume throughout Notable pickup in activity on the upside break MACD Cross coinciding with break Throwback following the upside break that tracks along the upper bound of the pattern and is halted at the 50 EMA Measuring Implications for the pennant begin with a break out of a previous resistance to the top of the minor move that begins the pattern. The resulting move applies this distance to the beginning of the breakout of the pattern. I have marked and color coded two potential areas to take into account when measuring for price targets, and marked volume POI's to justify those as start-points for their measuring. PT1: 164 PT2: 143 SL: 50 EMA Break-down Some other things going on that I observe: SPX, DJIA, IXIC bouncing following minor (representing trend, not magnitude) decline VIX 200 EMA rejection. Still cemented below 20 for now. This analysis is for future price implications of ORCL. I currently hold a position entered on AUG16. Feel free to reach out for questions, including a review of a textbook pennant. Manage Risk Only invest what you are willing to lose I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
NYSE:ORCLLong
by BarnardR
RBOB Gasoline FuturesGood morning, I have traded this for the last 15 years, I am 14-1 on this trade, has a high probability of success. Time Frame is 8/2-8/19. The initial "crash and return to mean" is due to the seasonal demand consequence of the market. Low margin req, calender spreads would be a good option, I will let you figure out the set up as I can't give everything away. Entry can be tricky as, 80% of the trades in the last 15yrs have been initiated on 8/2, the other 20% on 8/3 to 8/4. After analyzing the trades the best equity option for this trade is usually realized between 8/8-8/11 (15yr average best entry range) as an entry and it varies however that is why you need to be monitoring this extremely boring trade. Exit will be on 8/16->8/18. Now the other issue is the open interest on the September contract, if you will be going that route on the front or back end, as it will exit quickly between this exit timeframe so do not hesitate to offset contracts a little early as 42,000 barrels of gasoline showing up at your house is not part of the plan. Be diligent on this trade as it has a high success rate however there are some hidden pitfalls in this trade. "No sleep and I sound like a suit again, vague, gives hints, and is kinda dumb." -Kewlkat
NYMEX:RBU2023Long
by kewlkat
Long Position Idea (ready for big move)Investment Thesis: South Indian Bank Limited is a prominent private sector bank in India, with a legacy dating back over a century. The bank offers a range of financial products and services, including retail banking, corporate banking, and treasury operations. While the banking sector can be subject to market volatility and economic fluctuations, there are factors that could make South Indian Bank an attractive investment opportunity. Key Points Supporting the Long Position: Historical Legacy: With a long history in the banking industry, South Indian Bank has built a reputation and established a customer base over the years. This can provide stability and trust in its operations. Regional Presence: The bank's regional presence primarily in South India could be advantageous as it allows the bank to better understand and serve the local customer base. This regional focus can lead to deeper relationships with customers and potentially better business opportunities. Diversified Portfolio: South Indian Bank offers a range of banking services, including retail and corporate banking, which can provide a diversified revenue stream. This diversification can help mitigate risks associated with changes in specific sectors. Growth Opportunities: As the Indian economy continues to develop, there are growth opportunities in sectors like retail lending, digital banking, and SME financing. South Indian Bank's focus on these segments could position it well for future growth. Risk Factors to Consider: Market Volatility: Like any investment, the stock of South Indian Bank can be influenced by broader market trends and volatility. Changes in economic conditions and market sentiment can impact the stock's performance. Regulatory Environment: The banking sector is highly regulated, and changes in regulations or policies can affect the operations and profitability of banks. Staying informed about regulatory developments is crucial for investors. Credit Quality: The bank's loan portfolio's credit quality is an important factor to consider. Changes in the economic environment can impact borrowers' ability to repay loans, potentially affecting the bank's asset quality. Competition: The banking industry is competitive, with both traditional and new-age players vying for market share. The bank's ability to compete effectively in terms of products, services, and customer experience is essential.
NSE:SOUTHBANKLong
by RajputAmarjit
Uranium Miner ETF Breaking a 2 year Resistance TrendHi Guys! This is a Technical Analysis on Sprott Uranium Miners ETF (URNM) on the 1 Week Timeframe. We are currently in the process of BREAKING OUT of the Major Resistance Trend that started from November 2021. Just KEEP in MIND -> The candle closes end of the trading week. So if end of week we are still ABOVE the resistance line thats 50% of the work done for TREND CHANGE to occur. The other 50% to reach 100% of completing the job is the observation of CONFIRMATION above the resistance and having it turn SUPPORT. Once we do that, we can start moving towards TARGET 1. Notice also how for multiple weeks straight we tested SUPPORT on the 21 EMA, and now we are moving above it. This is a sign of BULLISHNESS Remember we must wait for CONFIRMATION above the resistance. Without it, the chances of a FAKEOUT are probable. STOCH RSI is showing that BULLISH momentum is entering. As long as we maintain this, moving up above the 80 level. It INCREASES the PROBABILITY that we complete the TREND CHANGE above the Major Resistance Trendline. RSI is also in the process of a Trend Change. Notice how we tested SUPPORT and bounced off the BLACK line. Stay tuned for more updates on URNM in the near future. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
AMEX:URNMLong
by SafofAllTrades
$LINK; LONG SETUP- PENDINGHello friends, This is a free of charge BIST:LINK setup for everyone to share and enjoy. However, this is PENDING and AWAITING for more confirmation. I will update all when the trade is a go and or no go. Arguments- A beautiful bullish pat pattern has flew from the caves and printed a local double bottom right around the .786 fib which is the GOLD standard when looking for areas of potential reversal. Now, we are above a infliction point, HOWEVER it is still awaiting that confirmation hence why the trade is still PENDING, as of now. We see on the oscillator's that regular class a bullish divergence has also developed and is in the process of follow through i.e price action. My stop loss shouldn't be your standard, as everyone has different strategies, however this is something that I would do. This is not trading advise and this trade is not active. This is me sizing up an asset and waiting for the alert to hit send ;) GLHF
BITFINEX:LINKUSDLong
by BShellhammer
Apple: Almost ripe for the picking 🍏The Apple price has fallen significantly and has meanwhile dipped into our green target zone. Thus, we think that it is currently in its green wave (4), whose end it should slowly dedicate itself to. Afterwards, it then goes uphill for him, why placing long orders is worthwhile. Alternatively, it would go even further downhill should the price fall below the upper target zone. According to this scenario, which we assign a probability of 34%, the price would have to fall into our second target zone.
NASDAQ:AAPLLong
by MarketIntel
RPOWER LONG ENTRYSeems like a healthy pullback RPOWER showing a long opportunity. My entry position was seems quite early but giving a better opportunit now with price at good support level, near 50 Day SMA (blue line) accompanied by price up with big volume and down move with negligible volume. Crossing red line that is 200 D SMA could possibly give much more gain. Disclaimer: My ideas are not for recommendation purpose. I am just sharing my idea to share with community.
NSE:RPOWERLong
by sharmagkp