Pricetarget
$TAST reached its #rectangle #ChartPattern price targetNASDAQ:TAST broke out few days ago and reached its price target. i posted about this breakout setup here.
August 17. gold target 1900It is my subjective judgement that accordingly to trend-lines intersection accumulation, fundamentals and personal sentiment, there is a solid case for xauusd reaching 1900 target either in Friday or Monday 17. August, if not sooner. In meanwhile there should be one minor top near 1858 and a minor bottom maybe 1766.
BC - Ascending ChannelStock is exiting an oversold condition while maintaining an RSI above 50 & remaining in its existing ascending channel. This stock is gaining some strength against the SPX as is the Discretionary sector.
I am targeting the channel resistance line or the $65.20 price level as my profit zone.
Alibaba - don't miss this train!Technicals
There has been no divergence with RSI and the OBV and trade price. They are steadily growing. ----> BULL
DI+>DI- (positive directional index just crossed above the negative) ---> BULL
MACD>MACsignal (MACD just crossed above the signal) -----> BULL
Fundamentals
Alibaba reported earnings yesterday (Aug15th) continued positive non-GAAP earnings of $1.84 per share, 45.98% above the same quarter a year ago, beating the mean consensus estimate of $1.51.
All analyst price target values are above $200 (17% above current price @$170)
Risks
JD.com who is a competitor, is doing great.
Trade war between China & USA.
BABA is cheap - below all analysts targetsTechnical analysis (daily chart)
RSI(10) @62
OBV on steady uptrend along with the RSI
CCI(10) @100
MACD > MACDsignal
Fundamental analysis
BABA is a buy right now @$177. Well below analyst price average targets of $225. (Over 25%)
Fair value Morningstar note
Our fair value estimate is $240 per ADS incorporates management's full-year fiscal 2020 outlook calling for over CNY 500 billion in revenue (representing 33% growth year over year).
* Meaning... If they achieve this growth, the price target will make sense.
Good luck!
dorfmanmaster
BUD technicals and fundamentals look greatFundamentals
Analysts are pricing BUD @$118 (24% above current price!)
New products and hype.
Technicals
OBV has been increasing steadily. But on a longer term, you can see the average volume is now lower than previous years.
BUD is breaking above a weekly resistance 50SMA.
ZOOM - Bullish analyst ratingOne of this year's hottest IPOs is still winning over new fans. Dmitry Netis at Stephens is initiating coverage of Zoom Video (ZM) with a bullish overweight rating .
The analyst's price target of $115 suggests that there's 26% of upside from current levels, an encouraging goal for the provider of video-conferencing solutions for enterprises that has already soared 153% since going public at $36 in April through Thursday's close.
---News reported by Rick Munarriz, The Motley Fool / Yahoo Finance
SPY Downside Target 240 In Coming WeeksThe massive technical damage done at the end of the year 2018 was not insignificant. Too many people buy into the idea that the sell off was over done. If you look at a long term chart, however, we have not even made it to the level we were at when Trump was elected. My only point to saying that is that we have run a very long ways in just a few short years, therefore, a continued pullback would not be out of the question, especially sinse we bounced so quckly from the december lows. This suggests to me that we are still in a bear market, and this rally was mearly a correcton and not a reversal of the trend. Price target in the coming weeks is 240.
BTCUSD is on the verge of H&S breakoutInverted head and shoulders pattern is complete. Now we need breakout of neckline. It will be continuation of wave 3 of 5 Elliot impulse waves. Price target is $18,270. However resistance at $12,000 is still strong, last three attempts to break it was failed, so it might be difficult to break it.
(ADX/ETH) AdEx Gearing up for breakout. Easy 6-13% TODAY!!!Quick little day trade I'll be watching for today.
Things seem to be squaring up nicely for BINANCE:ADXETH to have a breakout within the next few hours here if we can maintain volume and close above ~.00167
This kind of a set up is exactly what im looking for when it comes to relatively low risk day trades!
48 EMA getting ready to test 192 EMA support for first time since early January
Price bouncing around 38% fib retrace for current cycle high
MACD converging just a hair higher than prior baseline
STOCH & STOCH RSI bottomed out and turning upwards with both signals leading significantly
Recent bottom created clear higher swing low
My entry target will be .00167 assuming we close above the 38% retrace and the SSRSI remains bullish.
Initial exit @ .001738 assuming price is unable to break the 50% retrace and the pink overhead resistance formed by the prior channel bound regions major peaks.
IF we do happen to break above both of these and confirm w/ a test & rebound of the prior channel line I will be retargeting with a hold till pullback strategy with major targets at:
.0018
&
.001875
Remember, this is all reliant on the initial breakout above the 38% retrace!!!
If we dont manage to close above it, thinks may very well smack back down to the blue support line!
*** Note that the MACD RSI crossover strategy I've written has the RSI hidden, and that the earning results are irrelevant as it used for cleaning up major trends NOT buys and sells.
*** The dual Stochastic/Stochastic RSI source code can be found on my page if you're in need of a simple space saving indicator!
This analysis is meant for purely educational purposes, and whether you choose to trade on it or not is entirely on you!
Remember, TA is neither investment advice nor a guaranteed science, but rather an informed attempt at prediction based of historical and emerging patterns!
Good luck and happy trading fellow cryptoheads!
Austin Doyle
CTO
Crypto Playhouse
BUY and Sell Orders hit on BTCUSD WITHIN 24 hrs - Great Trade!!!BUY trigger was activated at 2:00 am today 12/5/17 on BTCUSD, as per my instructions on 12/4/17 (if close is above the $11,683 on the 60 min chart). The close above that level on the 60 min chart was $11,789 and the target of $12,240 was just hit.
Another successful trade, with clean and straightforward entry and exit within 24 hrs!!!
Happy Trading
Lindosskier
Updated Bitcoin Price Targets ~ Is Santa Staying for New Years?Price Target #1(Link to Original Below): $952
Price Target #2: $958
Price Target #3: $962
The variability comes from various (subjective) nuances, not least the small pennant that formed Dec 27 (0-7am EST)..
This target shouldn't reflect my bias, it is merely a use of the measure rule...
Good Luck and Happy Trading
P.S.
If it isn't obvious, all purple lines = same, and all green lines = same
The purple is 52ish
The green is half that... ish
BitCoin BTCUSD - Breakout over $800 -- Target $811 - PT LessonHere is a small display of how to measure a price target of a breakout after an initial flag or pennant forms... These short-term patterns often reflect the rally's halfway point and are great opportunities to test your price targeting ability.
The rest is easy, measure the length of the pole portion ($11.23 is the dollar value of the move) and than measure and add the same value (in dollars, not % as it changes ever so slightly) to the breakout point of the flag or pennant you measured! If it hasn't broken out yet, just pick between 1/2 and 2/3 along the flag or pennant and go from there. Even that isn't necessary, it all depends on your level of OCD and anal retentiveness :p
Happy Trading!