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AGL (Long) - Bucking the overall market trendAs I was scrolling through many many charts, I realized its very difficult these days to find a stock that trades on its own accord, without copying the (very volatile) path of the overall market. But I managed to find one which showed almost no correlation to the recent frenzy - NYSE:AGL Fundamentals The underlying fundamentals of NYSE:AGL are difficul t to say the least, though getting better - hence the recent bump in the share price on the back of a few upgrades from analysts With a P/S of 0.4 we can confidently say the valuation is low, but we can't really blame the investors for taking the share price down - despite an amazing growth rate (from 4.3bn in 2023 to 6bn in 2024), the firm is unable to keep its costs and cash position in check With 6bn in revenue , the firm wasn't able to turn a positive gross profit(!) So, I wouldn't look at it yet as a long-term play, though if the firm can put its finances in order, it could be a large player in the definitely-not-getting-smaller space of senior healthcare But the short-term momentum is intruiging Technicals First thing to note is that fascinating bifurcation from the broader market (see the relative strength indicator on the weekly); NYSE:AGL was nicely treading 6% higher today while AMEX:SPY was bleeding 7% - I appreciate stocks like that during these volatile days Plus,it has momentum - a couple of upgrade sent the stock surging and there is a gap to fill, which I would like to take advantage off Other than that, it doesn't really scream buy, so I am not going to sell it as a high-conviction play (no usual accumulation patterns :/) - I am currently looking at it as a diversification play with a momentum tailwind Trade I bought it on the recent pop higher and plan to hold until it breaks the little bottom it created after it surged (red line) I don't plan to marry the stock for longer, I will give it one chance and if it breaks, then I retreat - potential holding time is about a month , or about 5 U-turns in the US tariff policy The stock can be still entered with the same stop/loss but a slightly worse risk/reward Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation, it motivates me to keep producing ideas, thank you :)
NYSE:AGLLong
by jurajholik
Crypto ready for a cookoff?Revisiting a weekly chart of a 9 symbol crypto mega cap index (BTC, ETH, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC) one can't help but notice price resting on a shelf that was formed during momentum running deep into overbought territory. As the shelf is more or less flat for many months, we see momentum cooling into saner levels. Price could continue to base out in what turns out to be a bullish flag, especially with the Nasdaq 100 ripping fresh records, inflation cooling, rate cuts likely etc... It's also a scary place to think about going long on crypto though as there's a big gap down to the major support level!
BITSTAMP:BTCUSDShort
by quickshiftinn
AUDCAD - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDCAD is overall bearish trading inside the brown trendlines. Moreover, the green zone is a strong supply zone as we previously had an aggressive movement downward from it. So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green supply and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As AUDCAD approaches 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
Short
by TheSignalyst
16
$FCEL can rise in the next daysContextual immersion trading strategy idea. FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The share price rose after J.P. Morgan analyst Paul Coster had initiated coverage on FuelCell Energy stock with an overweight rating and a $3 price target. The price implies a nearly 40% upside. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $2,62; stop-loss — $2,27. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:FCELLong
by KozakHlib
4
GOLD, XAUUSD Shorting opportunity Momentum TradeGOLD has had a very bullish action with the held of the uncertainty of the Financial Markets in the recent weeks. But the Price action suggests that this Bull run is about to come to an end with a nice head and shoulder pattern forming. If the Price breaks through 1410 levels, we can expect the price to pull back at least 50% correction of the recent move up, towards 1365 levels. These momentum trades you have to only look for a smaller moves as you will be trading against the long term UP trend. Happy Trading!!!!
OANDA:XAUUSDShort
by sk_investments
USDCAD 60min Balance Area Breakout Opportunity USDCAD has had 9 Straight days of Advance and has been VERY Bullish. It's currently in a nice Rising Channel. The Balance Area at the highs looks like Distribution to me. A lot of times this is a "topping pattern". So, I'm waiting for a Break & Close out of the Balance Area (Yellow Box) and will enter a short position. Stops - Will be 1 ATR above the Breakdown Bar. Target #1 - Will be a measured move of the Balance Area (Purple Line) Target #2 - Will be at Minor Support for a downside breakdown. 1.618% for the upside breakout You can see that the RSI has massive Divergence at the highs as well. I will also take the trade to the upside but I think the downside breakdown is the most probable scenario.
by PateSkpate
7
GBPJPY Breakdown ActivatedThe Rising Channel of the GBP/JPY has been broken and has closed below the Channel. I took a short on the first close below the Channel. My stop is 1 ATR is above Breakdown Bar around 187.05's. I listed a few Target's for you guys. Choose them as you wish. I only Trade 2 Targets per my Trading Rules. In order to get this pair we need to see Risk Aversion. All JPY Pairs are tied to Risk Trends. We saw all the JPY's drop (light Risk Aversion, probably not long lasting) overnight and I believe it was a response to Turkey shooting down a Russian Fighter Jet.
Short
by PateSkpate
2