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ON

ON SEMICONDUCTOR ($ON): Will ON be Having an OFF Day?✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Expectations of Q2 earnings are low for ON Semiconductor, and last quarter performance was underwhelming as well. There is likely a short setup here, and with earning only a few days away on May 14th, it makes sense to find our short now. Resource: www.earningswhispers.com --- 1. Fractal Trend is signaling downtrend (Maroon bar color) on the 4 hour chart. While this downtrend started a while back, it is still technically in play and that means we want to look for short setups with our strategy. 2. With the strategy, we are looking to open a short position after a reaction from either a bearish orderblock plotted by Orderblock Mapping or a S/R level plotted by Directional Bias. 3. R1 and R2 are looking like probable resistance and could result in a continuation of the downtrend after they are retested. 4. Our entry for R1 depends on what the open looks like Monday. If the entry makes sense with Monday's open, we have a target of S1. Our stop for the R1 entry is set in a way that gives us roughly a 3:1 risk to reward ratio here since there aren't a lot of levels of interest to use for stop placement. 5. Our entry at R2 will be in play if our R1 entry fails. With R2 we have placed our stop right above the bearish order block above our R2 entry. The target for our R2 entry is S1 as well. 6. The overall market might be in recovery mode, and ON might be recovering too, but this chart is still in a bear trend. Thus, taking this short at resistance into what is likely a bearish earnings makes sense.
NASDAQ:ON
by AlphaBotSystem
AAPL - Bullish Monday?Sharp decline of all stocks across this sector, AAPL selling off from $328 down to $256. As previously charted, we considered this a temporary sell off or profit taking, a smaller correction. Once price hit $256, it triggered quite a bit of purchases. Volume rose quickly on Friday, and the day ended at $273. Aftermarket saw some increase in price, current asks are around $276. I would not be suprised to see a nice return today, we may not be out of the danger zone yet, but we saw a great bounce off the 38.1% short term fib level, and a potential retrace set. Over the weekend, we saw an upgrade by Oppenheimer to Outperform and a target price of $320. Don't forget the actual quarterly profits of this stock, when considering 'the coronavirus sell-off'. This is a much sought after stock, and I think $256 was many peoples buy-in price. I will be placing a market purchase today, we should see a good return on some stocks in this sector, and am a long term believer in this one.
NASDAQ:AAPLLong
by Shwayze
ORBEX: EURUSD, USDJPY - The Risks Of A US-EU TradewarIn today's #marketinsights video recording I analyse #EURUSD and #USDJPY #EURUSD weak on: - US-EU potential trade conflict (airbus illegal state aid - WTO depended) - ECB's Germans board member resignation Medium-term #Euro led flows will hang on Lagarde's policy. A potential transition to fiscal tools will be euro positive #USDJPY strong on: - Dovish Evans turned neutral - Positive home sales - No GDP revision - No safe-haven flows - Dollar seen as risk positive Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
USDCHF LONG TRADELooking at recent structure, we can see the price are creating a new LH which align with previous based as well as 50% fibs level. therefor give us a chance to go short. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. join my free telegram channel to see more about my service at LCFXpro Trading Floor. LINK IN BIO!! _____________________________________________________________________________________ Thank you for your support! LamchiuFX
Long
by LCFXpro
18
---DIREXION---GLD----1hr Fill the gap at 16.10$ Long Buy set up!-------------------------------------------------1hr Fill the gap at 16.10$ for long Buy set up! -------------------------------------------- Text cup and handle completing... --------------------- Gold 1D 50MA has just crossed over the 200MA, and now will retest\close and escape! On the 1W cup and handle detected, looks to be going for curl! long ----------------------------- 4hr looks good 1hr RSI inverse head and shoulders 1D RSI still dropping 1D Stoch RSI needs to turn --- Gold!
AMEX:NUGTLong
by UnknownUnicorn3811160
2
COTD - 12/04 XAUUSD Revisiting our Chart of the Day from Tuesday, where we took a look at the safe haven asset of Gold. On Tuesday we were seeing Gold catching a bid and trading higher on the back of a softer dollar and investors cycling out of riskier assets and aligning themselves with the risk-off assets. We discussed the longer-term setup of the head & shoulders pattern forming and also the declining trendline that has been capping the asset and causing the lower highs. As we look at it now, the U.S. dollar was on the front foot yesterday and as investors cycle back out of safe-haven assets we can see that Gold meets the declining trend line and fails just as it touches it, we have some support today on the weekly pivot level, but for the time being the original two ideas are still in play as we are yet to see a break of the neckline on the head & shoulders formation or a convincing push above the trendline. OANDA:XAUUSD
OANDA:XAUUSD
by Alex_GoMarkets
Leg D completed on the Weekly... expecting bears to come in hereThose who have been following our commentary on Gold will have known 1180-1220 was our initial entry for longs when the position was anti-consensus. Once it started working we released the idea of longs towards 1345 and finally we are here after 14 weeks. Expecting a large retrace here as bulls unwind their positions and book profits, we have an opportunity to ride this retrace leg to the downside. Inflation is starting to edge down, the only card we need to be aware of is risk. For those tracking the macro side, via inflation 1225 is the only level in play for bears on this final leg E. There is plenty of room below current levels and we see great value in shorts here. Best of luck to those trading live, please remember to like and comment and keep the support coming. Thanks
FOREXCOM:XAUUSDShort
by ridethepig
Hang Seng Index: Positive to 28017 on a break above 26770Hang Seng Futures HSI1! Next Long Set-Up This index made a neat exit of the upper parallel - followed by a pip perfect retest of the same line before reversing higher again to test the first line of resistance at 26764, failing just below here after an intraday high at 26694 on futures. The 26770 level is looking increasingly significant. A break above here should be worth following for close to 5% upside to 28017. This index really needs a stop of about 100 points - 3 times more than the Dow although they are both the same price pretty much. It's just the way it is. So a break above 26770 will need a stop 100 points lower at least, and really it should be under the 26588 level, which is over 180 points of risk against 1200 points of reward. The range between 26764 and 26588 is creating whipsaw - it's effectively a small band of uncertainty which may crreate a little more whipsaw around the open. But once it's shown it can overcome 26770 it should be worth following long - but be careful with the stop if trading this one.
HKEX:HSI1!Long
by sumastardon