Golar – naturally gas lit, or weighed by liquefication? Natural Gas has been flying lately, and I have a feeling GLNG has been lagging. This is a company that liquefies natural gas at sea, and they are a world leader at this. Looking at the daily chart the stock has been in consolidation since mid-June, until it broke out of the channel two days ago. MACD, OBV and RSI are aligning, and the EMA20 has crossed up over EMA50.
I feel this is a breakout, and it happened on high volume. ATH was $62.62 all the way back in Oct 2014, and the current price is the highest since June 2015 ($50.85). Realizing the trimester up to and including October often is the peak of natural gas, I believe we could see more upside to this stock. Seeing as there are no obstacles until $50.85 this is where I will place my target. This is a 35% upside from today, so obviously keep track and follow world events for potential exit levels prior.
M-oscillator
NFLX showing weakness poised for a sell offNFLX rally is coming to an end it seems with a clear break below its upward support line and holding below.
Breaks below back in Sept 11, then quickly reverses back up.
Recently breaks below again, tries to regain but fails to get above support level.
Stock is now the support level into its resistance level
RSI breaks below its 50 level and over the past few days
MACD falls into bearish territory
NFLX rally since the August sell off looks to be coming to an end. It is expected that October will bring volatility into the market.
Visa Stock:The Rise Of "The 13 EMA System"This system is something
i did not think I would develop
-
so successfully..
right now am still watching it..
and so after about a week or 2
-
Am going to come back and review this trading
journal of ideas to check
to see if it will perform well
-
But for now, I must honestly say
It is something that am honestly
looking forward to.
-
These past few days I kept thinking
about how I could make money from
trading.
-
Last night before hitting the bed
I thought to myself,
"I need to make that one big score"
-
and i think this system will be that
big score for me. But again I need to give it at least
2 weeks.. Join me on the journey..
-
Notice that the MACD Histogram is red?
This shows you that the price of
-
this stock NYSE:V is undervalued
which means it's cheap
-
relative to price history,
and could be a good buy.
-
Rocket boost this content to learn more..
-
Disclaimer: Trading is risky you will lose money
whether you like it or not please learn risk management and
profit taking strategies.
Why is BNB coin Trending In 3 Days?Honestly i thought the dollar was going to rise..
but from the look of things it will down trend up
until December..
-
Yesterday I stood outside in the hot sunlight
under a Jacaranda Tree thinking,
about why am not calling for help or assistance
-
I pray for help most of the times, but this time
I was in silence, maybe it was a silent prayer.
-
The economy is in a state of a major shock!
and the stock market needs help.
That is why the US central bank is dropping rates
-
To create money that will incentivise
business development, economic growth,
and society living.
-
Now is this the best solution for everybody?
Maybe not.As an individual
looking to the government to help you
-
can be a solution.
But as for me I look to Bitcoin COINBASE:BTCUSD
as an insurance against inflation
-
In this case, we are looking at another
alternative currency to Bitcoin
Called Binance coin. BINANCE:BNBUSDT
-
Using the stochastic RSI
you can see that this asset is in
a form of a breakout session.
-
Meaning its a good buy even though its overbought
-
In order to learn more rocket boost this content.
-
Disclaimer: Trading is risky, please learn risk management
and profit-taking strategies.
CFX is readyAfter an 80% correction from $0.55 this year, CFX seems to have found its lowest price of the year at $0.125. With Bitcoin's positive price movement, CFX looks to provide positive price movement. The signs are that the price action crossed the 21 SMA (weekly chart), and the RSI reversed and crossed the 50 boundaries.
CFX's target is to make a higher high after $0.55. But before that, CFX must be able to cross the $0.23 price because there is a potential supply in that area.
ATR will Rise soonATR index shows that it is in a very strong support zone and within the next few days we will most likely see a strong growth of this index. Therefore, since the price chart of Bitcoin is also in the sensitive resistance zone, the breaking of the resistance zone or the return of the price will be a serious move.
Currys PLC** investment opportunity **
On the above 12 day chart price action has corrected 90% since 2016. An excellent long opportunity. Why?
1) Price action and RSI resistance breakouts.
2) Price action on macro support and resistance.
3) Strong bullish divergence as measured over..
4) Some other stuff, will say elsewhere.
Is it possible price action falls further? Sure.
Is it probable? no
Ww
Type: Investment
Risk: <=6% of portfolio
Timeframe: Be long before the summer turns to Autumn
Return: Will say elsewhere
Stop loss: Will say elsewhere
Symmetrical Triangle Formation in CAMS – Awaiting BreakoutOverview:
CAMS is currently forming a symmetrical triangle on the daily chart, a classic continuation pattern. This pattern typically indicates a period of consolidation before the next significant move, and given the stock’s strong previous uptrend, there is a potential for an upward breakout. However, the symmetrical triangle is neutral until confirmed, so both bullish and bearish breakouts are possible.
Pattern Breakdown:
The triangle is defined by point A (around 4900 INR), where the stock reached a high, and point B (around 3850 INR), marking the recent low. The price has been forming lower highs C (around 4600 INR) and higher lows D (around 4200 INR) as it tightens into the apex.
This contraction in price is a sign that the market is undecided, but once it breaks out of the triangle, a directional move is expected.
Key Observations:
RSI Oscillator:
The RSI, set to a period of 14, is hovering around the neutral zone (~50). This shows that the stock isn’t currently overbought or oversold. A move above 70 or below 30 could signal a strong trend in the direction of the breakout.
Volume Decline:
As the triangle develops, volume has been tapering off, a typical characteristic of consolidation. A significant volume spike will be key in confirming the breakout direction.
Breakout Levels:
Upside Breakout: A break above point C (around 4,600 INR) could trigger a bullish continuation, given the previous uptrend. Traders should wait for confirmation via price action and volume.
Downside Breakout: A breakdown below point D (around 4,200 INR) could signal a bearish reversal, especially if accompanied by increased volume.
Final Thoughts:
Symmetrical triangles can break in either direction, so it's crucial to wait for confirmation. Given the prior bullish trend in CAMS, there's a greater probability for an upward breakout, but the possibility of a downside move can’t be ruled out. Patience is key—monitor the volume and price action carefully for a strong breakout signal.
Disclaimer :
This is for educational purpose only. I am not SEBI registered advisor. Take advice from financial advisor before investing.
Two weeks up, two days unwound: Bearish crude oil setupCrude oil is one of the few commodities that hasn’t participated in the broader rally this week, weighed down by a report on Thursday that Saudi Arabia will sacrifice higher prices to protect market share.
Even before the report dropped there were signals crude was staring at downside, with a key reversal on Wednesday setting the tone. The gains crude took weeks to achieve have been unwound in two sessions, suggesting it’s far easier to sell rallies that buy dips in this environment. That view is reinforced by the uptrend break in RSI (14), a bearish signal on momentum that looks like it’s about to be confirmed by MACD.
Thursday’s rout sent WTI through $67.65, a level that has acted as something of a pivot point for prices recently. Given its proximity, it creates a level to build bearish setups around.
You could sell around these levels, but my preference would be to wait to see whether the price can take out Thursdays low of $67 first. You could then set a tight stop above $67.65 for protection. On the downside, $64.10 would be an obvious target.
While the price and momentum signals are undeniably bearish, being close to quarter-end and with ample optimism out there about the global economy given China’s latest stimulus measures, I’m determined to let the near-term price action to tell me what to do. If it can’t break Thursdays lows, or reverses back above $67.65 and closes there, it would question the near-term bearish bias.
Good luck!
DS
Platinum: Little Consolidation (Wave 4); Golden RatioWe can see a very well defined cycle, and wave 1 to 3 already created.
This new cycle could be a consolidation, the price can drop to 14,6% or 23,6% level.
Or even in the middle between 38,2% and 23,6%, where other wicks has already touched, creating a support, where can also occur the last candle of Wave 4.
Open interest in NYMEX:PL1! is falling and the major trend rising, it can occur a reverse, and this reverse will be the Wave 4.
RSI left the Overbought level, followed by a failure swing, resulting in continued decline of the indicator.
After the peak $1,016.45, ADX is losing strength while DMI+ has a high probability of changing position with DMI-.
CHINA GOING FOR IT! Until Christmas? #BlowoffTop and Recession!Breakout and retest for RSI, China breakingout after 6 long years.
This will have implications on every market, they were waiting for the FED to pull the trigger and now they can go. Game on!
#JD is going, Commoditties will go for it, except #oil maybe.
But more important, #Bitcoin will have the #BLOWOFFTOP I was looking for.
That´s the News GOODS...
The BAD News is, Recession or Crisis after it. December or March 25´as late.
Why I Think USDCAD Will Continue To Sell This WeekHey Rich Friends,
I hope all is well. I think UC will continue to be bearish this week and here is what I am looking at:
- The market has already created and rejected a new swing high at 1.36475. This is a bearish confirmation for me
- Structure has been broken on the downside, confirming a bearish trend
- The 10 EMA (purple) has crossed about the 3 EMA (blue). This is a bearish confirmation for me
- The Stoch is facing down, the slow line (orange) is above the fast line (blue) and both lines are below 50, preparing to cross below 20. These are bearish confirmations for me
I will be using previous lows as potential TPs and previous high for my SL.
I hope this makes sense and helps someone! Great luck if you decide to take this idea.
Peace and Profits,
Cha
USDJPY: RSI Above 50 plus 3:1 Gann fan being crossedAfter a downward movement, making the 139.574 low, we got strong bullish candles and weak bearish candles.
Today price crossed 3:1 fan line, crossing above 143.643, the last support since early August.
Today's candle close above an inverted hammer creating a bullish engulfing pattern.
RSI is following the trend and breaking above 50-level.
EURJPY returning back to the primary trend directionPrimary trend: Long
On July 10th a new high was made, and the RSI showed a Overbought condition, leading the direction to change, and create a secondary trend for about 2months
The secondary trend stopped at a support, and RSI showed Oversold condition and the price rise again with strong candles.
RSI has already crossed the 50 level and a pattern.
Dow Theory - Bullish Divergence + ContinuationBINANCE:JSTUSDT has formed the first higher high after a bearish rally. Bullish divergence is also present on the chart.
7 Hr Analysis:
1. First higher high formed after a bearish rally
2. Break of descending trend line
3. Bullish divergence on RSI
4. Potential bullish flag in play (bullish continuation pattern)
NZD/USD blasts to 2024 highs as golden cross triggered Given its status as cyclical currency closely tied to the fortunes of the global economy, it comes as no surprise that NZD/USD blasted to a 2024 YTD high following China’s latest stimulus announcement.
Having broken long-running downtrend resistance, and with momentum indicators providing bullish signals without being overbought, there could further upside to come for the Kiwi as speculation swirls that China may announce fiscal stimulus measures in the coming days to boost flagging domestic demand.
Put simply, ahead of Golden Week holidays in China, risks appear skewed to the upside near-term even after the run we’ve seen. We’ve even seen the 50-day moving average cross the 200-day moving average from below, delivering a golden cross. Even though I’m not putting any weight on the event trigger, it’s like the cherry on top for bulls.
One option is to buy the break now with a tight stop below for protection, although that screens as a lower probability play with the pair sitting in between two levels.
My preference would be to wait for a potential pullback towards .6300, allowing for a stop to be placed below the level or former downtrend for protection. Alternatively, if we see a push above .6370, you could buy the break with a tight stop below for protection. For the latter setup to work from a risk-reward perspective, you’d need to target .6540.
Good luck!
DS
China A50 stages major bullish breakout to key technical level Chinese stocks are going vertical in response to the swathe of stimulus measures announced before the market open. China’s A50 Index is no exception, staging a bullish breakout to an import level we can use to build setups around.
The break of the downtrend and 50DMA looks significant on the back of big volumes, seeing futures retest the 200DMA. With MACD and RSI (14) generating bullish signals on momentum, there could be more gains to come.
But let the price action tell you what to do.
If we get a clean break above the 200DMA, consider going long targeting a move back towards horizontal resistance at 12352. Ideally, it would be nice to see a retest and bounce off the 200DMA following the break to bolster the case for upside. A stop could then be placed below the 200DMA for protection.
Alternatively, if the price is unable to break the 200DMA convincingly, consider selling with a stop above the level for protection. Downside targets include the former downtrend and support at 11375.
Given the measures announced today and proximity to Golden Week holidays, the bias is to buy dips or breaks near-term given the possibility of further state support.
Good luck!
DS
SOYBEANS - Are We Close to a Major Bottom? Cycles Say YES.Here is what I am currently watching for SOYBEANS.
-We need to be aware that there is a major bullish divergence setup (not trigger) developing on the quarterly & monthly charts. We need to pay close attention to this setup, because if triggered/confirmed, it implies a massive move up for Soybeans would be on the horizon.
-Interestingly, the Weekly chart has confirmed bullish divergence. The first target (1090) has not yet been hit, but in my opinion, it looks probable that Soybeans will hit that target (and possibly go as high as the second target (1179). This implies that I believe Soybeans is likely to rally at least 5% in the near future, and possibly rally as much as 10% from current price levels.
-I will be aggressive with taking profits on any short setups that present, due to the bullish weekly divergence that has triggered.
-Utilizing the Weekly MAC & Valuation methods, I note that this market is in an area where we can look for H6/Daily short trades. As mentioned in previous paragraph, I will utilize more aggressive targets.
-The cycles for Soybeans...wow, they are quite something. Decennial cycle suggests significant low being put in, APZ's suggest major low around October 4th, major 5 year cyclical low RIGHT NOW. Other temporary and permanent blended cycles suggest a major low right now. Composite of the 3 most similar years of price action also suggest a major low could happen soon, with a major rally to March 2025.
-A combination of the cycles and the major timeframe bullish divergences have me leaning somewhat towards calling a possible major bottom in the Soybeans market. I would prefer to see commercials COT positioning support this idea, which makes me think maybe we get another nice selloff into the August lows before the real bottom is in. But time will tell.
Heikin Ashi is a serious argument.Meanwhile, a new 19D candle opened overnight.
Heikin Ashi is giving an unambiguous signal that what
has been happening for the last few months with bitcoin is a huge flag.
The new candle opened in green.
Combined with the fact that IFTCOMBO is ready to cross the
‘basement line’ upwards, it suggests that a major rise will finally take place.
Right now, there is still a very long and tedious consolidation going on.
I Cannot Long This !!! situation+next targets.Given that the price has reached the top of the megaphone pattern and a negative signal (regular bearish divergence) has emerged, we can expect the price to decline from here to the points indicated on the chart.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Hanging Man and Doji Patterns in Focus!XAUUSD
2H Chart
Price: 2622.23
Hanging Man:
The highlighted candle in the chart represents a Hanging Man pattern, which is a bearish reversal pattern typically found at the top of an uptrend.
The long lower wick signifies that sellers pushed the price down during the session, but buyers managed to bring it back up close to the open price, though not with strong bullish conviction.
The fact that this pattern appears after a sharp upward move signals a potential bearish reversal, especially if followed by a bearish confirmation candle.
Doji:
The Doji signals indecision, with buyers and sellers unable to gain control as the open and close prices are nearly the same. Following the Hanging Man and with an overbought RSI of 73.32, it suggests weakening bullish momentum and potential for a bearish reversal.
Place a stop loss above the Hanging Man’s high and set take profit near the next key support at 2,613.732. These levels are derived from the Hanging Man, providing some bearish confirmation. However, traders should feel free to skip the trade if they aren’t confident with the setup, as prioritising risk management is crucial.
Confirmation:
A bearish candle closing below the low of the Doji would provide strong confirmation of a trend reversal.
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META - Still Bullish, But Major Sell Signal LoomingHere is what I am watching on META.
-Like many of the other high flying stocks in the US, the Quarterly, Monthly & Weekly charts are flashing divergence sell setups. Bulls need not be too worried yet, as these divergence sell setups have not yet confirmed. However, the astute trader must be aware that these setups are looming, because if they confirm, they imply a minimum 15% move to the downside for Meta.
-We are bullish on any pullbacks into the 446 to 495 range (Monthly & Weekly MAC lows). These are considered Buying opportunities and valid areas to look for entry triggers on entry timeframes.
-Cycles suggest a cyclical high right around now, heading into a significant cyclical low in early to mid October (possibly into November). I'd like to see this cycle play out to have price trade down into the Monthly/Weekly MAC lows, where we will be ready to hunt entry triggers to the long side.