IBM Analysis - great opportunity to buy in cheap priceThis is my first idea, this means I have made a mistake, and therefore I apologise to those involved.
NYSE:IBM
Try to open positions under 130 $
(you have got opportunity until that bearish market didn't turn reverse)
Risk: Small
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- the IBM has got a very strong Weekly Support at 126.85
#NAME?
- When this Virus situation calms down, the market "get one's ducks in a row"
(in the past: usually 3-6 month)
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- If the price however fall below strongly the Weekly Support (126.85) MY ADVICE: SELL to minimize the loss.
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RSI:
CCI:
Data from: finviz.com / gurufocus.com
Leading idea: Bullishcharts
Longterminvesting
XBTUSDChart I made back in August 2019, it played well and the 0.618 fib did act as major support. This led to a bullish move that we are now witnessing. Following the idea of this chart Bitcoin will revisit the 11550 zone from wich we could be rejected again but a bounce from this fib usually lead to higher highs. Breaking this resistance zone should lead us to all time high's
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<My Target: 100 Dkk within the next 12 months
Still long GOLD, since 2009 [DETAILED]Gold is still a preferred long term asset for wealthy individuals & governments. I've been long since I got into financial markets back in 2008. A wealthy client of mine (whom I did sports recovery on from a Pro Baseball career) suggested I buy gold back then. I had no idea about it, I just bought it & held on. I sold it around 2011 to start another business & have continued to be an investor/trader since.
Currently awaiting to continue buying pullbacks to the (long term) green line. This is a wealth play that I expect to simply hold long term. I BUY PHYSICAL GOLD & track the price value with the chart. You must understand market economics & the historical valuation of GOLD to understand why I approach it this way. GOLD IS NOT A "SAVE THE DAY" ASSET. It is simply a part of a long term asset building strategy to add to a balanced portfolio.
EURUSD 2014 selloff DETAILED ANALYSISEURUSD to continue sell off. Red lines indicate resistance/supply levels. Purple lines indicate possible profit levels or reversal to retest the highs. Seeing how weak the pair was from the move between 2014-15, today's entry would be a continuation of that weakness. Price could retest the Purple lines & reverse to retest the most recent daily high of 1.25438. At which point, I'd be looking for yet another sell re-entry, expecting the trend to continue downward, ultimately making a new low & continuing further. This original impulse move could easily see itself doubled in the next year or 2. This is an easy entry play for profits in a long term portfolio approach.
I'll be approaching this trade in a with a position building technique, similar to a Warren Buffet style. Selling the highs, building the position ate every re-test of the high, as the long term chart has signaled continued weakness.
I don't like a lot of indicators on my charts. The least amount of lines, the better you can step back & see the bigger picture. Volume doesn't even move my decisions in the longer term picture. Large buyers gain the edge by hiding their volume, so why heavily consider it?...
Nifty on monthly charts- exhaustingWhile Nifty 50 on weekly charts still looks positive and we await signals on alternate time frames to see for signals, lets have a quick look what the monthly chart is suggesting
Observations :
1. We have seen (you can see my other post on Nifty Next 50) that the Next 50 stocks are not making new highs like the Nifty 50 (sign that not very broad based move, not very positive)
2. Monthly chart is showing that the momentum is slowing while we are still above the trend line, which price has been testing over the last few months. The real body of the candle has been becoming smaller but the volatility has been increasing , more on the downside, which means bears are trying to push the price down, however, bulls somehow managing to close higher.
3. There is also a bearish divergence between price and RSI, Price moving upwards over the months starting from Jan 2018 upto now, however RSI has been sloping downwards .
4. If you observe the candles from Jan 2018 till date, you will also find that while price has been ,making new highs, the retracements downwards have only slightly made higher lows, very close to previous lows on intra-month action basis, again signifying some kind of exhaustion in prevailing trend .
5. In June 2019, Price made its attempt to close at peaks of 12,124 after opening just below the crucial 12,000 mark, but the bears rejected this price closed near 11,154 levels. From May to July the rejuvenated bulls tried to beat the 12,000 mark but were thrown down stronger to test 10,250 levels
Look out for multi time frame analysis on this on my other posts.
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XRP Long Term TrendGood afternoon ladies and gents! Another Long term Position I have been accumulating for quite some time. This is a long term trade set up that is probably going to last between a year or two. I swear to god I had this posted a while ago, I guess I only did Dash and a couple of others. Mitch Ray gave me a reminder of this possibility here!
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Bitcoin, personal point of viewI want to share with you, in short, what has been done so far. Bitcoin was globally unknown until 2017. It was a new technology and it was familiar to a small percentage of people.
Then the huge Bull Run and Bitcoin became a "Star". The new internet star.
Many people entered the market in 2017 during the Bull Run and right after. They engulfed the community of Bitcoin believers.
Most of the ones who entered the market in 2017 soon after the Bull Run realised they were fucked up and some of them stated selling and this sell off fostered the well known 2018 Bear Market. Some of those investors left the market forever, others are still there and others never sold their BTC holdings. It's interesting to read the data about people holding BTC, you'll notice a very sharp upward trend over the years.
All right and so...? Where are we now? What are we up to in 2019? What is the most likely scenario?
I believe that Bitcoin is still a strong investment if we are looking for long term profits. I believe that Altcoins, some of them, will have a great success and will increase their market cap displacing Bitcoin for a little while.
Bitcoin is the technology that created all of this therefore I believe will stay longer than any other Altcoin. However in all of this, when deciding which cryptocurrency to invest in we should strongly consider the institutional aspect...because that will be the next step before global adoption takes place.
This is not an investment advice, just an opinion that came from what I have read about Bitcoin and Cryptocurrency Market so far.
Be patience and enjoy your life regardless of what Bitcoin will do.
Peace and Love everyone.
My Best Grand Supercycle Attempt For SPXIn my best guess at where we currently lie in the Grand Supercycle Elliott Wave Theory, I have us in Wave 3 Grand Supercycle, Wave 5 Supercycle, and Wave 5 Cycle. This most likely puts the pullback for Wave 4 Grand Supercycle and A-B-C Correction for Supercycle/Cycle between around 2350-2085, which are .618 levels. However, based on earlier corrections the market tend toward 50% on the A-B-C Corrections, if you throw out the 1929 crash in which the financial protection devices available now were not around. So, if we do lose 50% or so of value from what I believe will be the top of Wave 5 of this Cycle at around 3378 or so, that puts the pullback as low as the 1650's. Keep in mind though, Wave 4 of the Grand Supercycle cannot exceed the Wave 3 top, so no lower than 1576 would be allowed. If this holds true, then we are still looking at a Wave 5 Grand Supercycle extension. This can typically extend to either 1.618 or 2.618 of Wave 1 to Wave 3, which puts the upper level of Wave 5 Grand Supercycle around SPX 10065-10100. SOOOOOO....I personally believe that the "permabears" of the world will never end up on the list of the richest in the world. They will eventually be right once in a while and the market will lose half its value--but a long term bet against the United States Stock Market in any form is a loser. Just one man's opinion. I will continue to try to make #moneybothways while the market twists and turns through options, but on any significant dips I will be sinking my biggest bundles of cash on hand into this perpetual money making machine. Comments welcome, just having a little fun looking at possibilities. Happy hunting and GLTA!!!
You're Gonna Want To Own This 10 Years From NowIt's true, I am a technical trader. But I am an overall investor when buying for the long haul. CDXS has dipped back below its IPO price, and the CEO has just purchased 10,000 shares of stock with his own money. He has sold stock in the past, but they were all options exercises, exercised and sold same day for a much higher price. Basically free money. His overall share count never changed. Until a couple days ago. Technically is running into the weekly 125 moving average, and coming up on horizontal support levels. But what this company does is very relevant in the lower drug price debate, and it has nearly 100 million in cash to use however it wants to foster additional growth. Put it like this--CDXS is the primary holding in the custodial account I have for my daughter. Tells you about all you need to know about my feelings about this company 10-15 years from now. Trade as you wish, but invest for the future, not the moment. Happy hunting and GLTA!!
Clearly down in value but not for long. This is a keeperAs I said before I like Disney. The only reason they are down (as the article indicates below) is that they spent money to grow.
You can see here that current price as of today *8/13/2019, is just touching back above the upward rally line. I think that this will come back into the black.
As Warren Buffet said, "You don't buy at stock because you want the price to go up or down. You buy stock in a company because you want to own it!" *Earnings report released 8/6/2019
I definitely want to own Disney.
*Excerpt from Article
Lows
...and who's down
What would Tinkerbell do?... Disney just announced record-high quarterly revenues of $20B. That's mainly thanks to Avengers: Endgame crushing box office records. But profits plunged 51% because Disney treated itself to 2 major acquisitions: Mickey bought Fox and most of Hulu as it preps its own streaming service, Disney+, for a November launch
Xrp/Btc Matters More, To Trade Xrp against any market.Comparing this chart Xrp/usd to Xrp/btc the Xrp/btc pair Xrp is retracing back to its all-time lows, so I will not be expecting and major surges on the Xrp/usd pair not unless there is a change in fundamentals and momentum on the Xrp/btc pair. Against the dollar (Usd) or tether (usdt) Xrp did hit its all-time high, according to my opinion we will have another ath, that is if the price of bitcoin will be above $20,000 and Xrp will be above 22048 satoshi against bitcoin.
Xrp Entry points - $0.16 – 0.457
Xrp Exit point – exit when Xrp hits 16022-2204 8 satoshi against bitcoin.
Near Buy Zone and Divergence Blinking tooThere is possibility of temporary retracement to suggested Buy Zone 76.35 to 75.90
wait for retracement, until the price tests the zone, whether approaching, touching or entering the zone.
then set buy orders based on price action, candlestick confirmation is needed
long term opportunity with this clear data is not happening all the time...
Good investing opportunity on the U.S. banking sector.The KBE ETF, which tracks an equal-weighted index of U.S. banking stocks, has been rising on a very steady 1M Channel Up since the 2008 financial crisis and has recently rebounded on the latest Higher Low (RSI = 50.776, MACD = 0.640, Highs/Lows = 0.0000). This presents a good buy opportunity on banking stocks, which are expected to outperform the market in the coming years. Our long term target is 52.00 with 60.45 in extension.
Long Position on Aurora Cannabis INCThe news about the sector looks like it´s a new commodity to add to our watchlist of stocks, furthemore the company have to ways of growing the bussines. The medical and the recreative way, so they grow the capacity of production and the customers are growing worlwide.
In my opinion this company have a long travel and i want to follow very near, i just bought 500 stocks at 7.06, lets see where the company arrive, i will add another position if it touch the level of 4.5-5, and then wait until the next benefits on may.