PSG
PSGUSDT --> Risk -5% for +50% PUMP?I was gonna put the high risk label on this trade... but honestly... I really don't think this is high risk. (It DOES depend on your risk management, if you commit too much to this... well don't do it!)
You can see that twice before PSG went sideways for 3 days, then 5 days, and pumped, shows PSG likes to pump UP after significant sideways price action.
We also see that PSG can BREAK LOWER TREND LINE and still pump.
When it goes sideways, it sticks to a tight channel, which is what makes this trade viable. You know exactly what you need to risk in order to fail/confirm this particular pattern. If it comes down over 4%, this trade is cancelled.
If it comes back up into the channel, imo you have good odds at +50%
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PSG TRADE
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BUY: $42
TARGET: $65 (or previous high $58)
STOP: below $41.5 likely fails the trade.
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Fundamentals
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Rank #573
Market Cap = $54,688,829
Fan token PSG football team
Total Supply: 20,000,000
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Paris Saint-Germain F.CLooking very strong here. One of the best fan tokens on Chiliz/Socios right now. Compared to BAR or ACM or JUV... because PSG is still in the Champions League, people could keep on buying and the trend looks very strong.
Paris Saint-Germain Fan Token (PSG)PSG/USDT has Momentum.
A Fan Token for Paris Saint-Germain Football Club on Chiliz Chain.
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PSG token completing Cypher pattern for upto 100% bullish rallyHi dear patrons, hope you are well and welcome to the new update on Paris Saint-Germain Fan Token.
On daily time frame chart, the price action of PSG token is competing for the final leg of bullish Cypher .
This trade has a big profit possibility of 100%, and the loss possibility is 22%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
PSG/USDT Ready for a parabolic move!PSG is the soccer fan token of Paris Saint German and has a market cap of 20 million tokens.
The same analysis as for the JUV, ASR ant ATM token holds.
However, PSG shows more resistance levels to break.
But think about it the following way:
There are 20 million tokens.
Now there are surely more than 20 million PSG fans, let's say 200 million.
Each of them wants to have in average 10 Tokens.
This would result in a price of 100$ per token.
This excludes addict that want to get as many as possible.
JUVUSDT futureJUV - PSG - OG - ASR and ATM all the tokens CHZ listed to get credit and increases its value is a fail as you can see in the chart all of the supports are gone and nothing is holding the trends way, all signals are bearish and this forecasting goes to every other 4 mentioned above
attention: if you are a football fan that's a great thing but don't invest in something like this for now you can stay tuned and just cash your tokens
PSG/USDT Opened for Trading in BINANCE - FAN TOKENSPSG(Paris Saint-Germain) Recently launched its first FAN TOKEN ! And not only this, but the most exciting news is that it was also listed in BINANCE, the largest crypto exchange system in the world!
Other European fan clubs have already created their own version of a decentralized crypto token and their prices and movements can be checked here .
But why I believe PSG(Paris Saint-Germain) is going to overcome the others and this is so relevant?
For those who are following up what is going on with the Crypto world, we see a huge movement after ETH launched its 2.0 network based on the Proof of Stake (PoS) model. DeFi is the buzzword that is going to drive the new generation of blockchain technologies. We are not bullish in cryptos because of the cheap BTC marketers are back saying it is gold. No! We are bullish because ETH is evolving and becoming more energy-efficient. Blockchain is not what we learned at the beginning. As a "cryptography" model to make transactions more safe, it's now "obsolete". Anyone can copy the same model and make new "digital gold" for themselves. But what we see now is the Tokenization of Money (read more about Decentralized Finance or DeFi ).
So, for those who want to take their chances trading something it is gonna be really useful and fun, try trading PSG/USDT in the next months. I believe it's price is going to reach $50 very soon. Watch it!
Allstate should make a bullish trend line breakAllstate is one of my top picks in terms of both value and sentiment. In terms of technicals, it's a classic potential trend line breakout play.
Value
After a significant selloff this year, Allstate is still trading near the bottom of its 3-year valuation range in P/E, P/S, and P/D terms. The company is financially healthy, with a 78/100 score for financial health from S&P Global. It pays a solid, but sustainable dividend; I estimate 2.37% dividend return in the next 12 months, assuming the dividend gets bumped up to 58 cents in the first quarter of next year. In the last 12 months, the dividend was only 16% of GAAP EPS, which is a very comfortable level. The PEG ratio of 2.77 is pretty good, and the PSG ratio of 0.25 is extremely good. (Admittedly, analyst coverage is a little thin, so we're not working with very many different estimates of future earnings and sales.) In fact, the only value metrics by which Allstate looks a little lackluster are its ESG score and earnings surprise history, both a little below the market average.
Sentiment
Sentiment on Allstate has been improving over the last month, with a large increase in the Equity Starmine Summary Score to its current rating of 9.7/10. Allstate got a hefty settlement from PG&E last month, so the news environment looks good. The put/call ratio on Allstate is bullish, but not strongly bullish, at 0.69. (A put/call ratio under 1 is bullish; a put/call ratio over 1 is bearish.)
Technicals
Technicals are somewhat negative for now, but given the improvement in analyst ratings, I expect that Allstate will soon make a bullish trend line cross. For a swing trade, I am setting my profit target in the 105-106 range. I will go ahead and buy ahead of the trend line cross, but another way to play this would be to wait for a confirmed cross to place a buy.
Dissecting the chart of PSG GroupI have spent some time Dissecting the chart of PSG group and my findings lead me to believe that the stock is destined for some downside in the next few weeks.
Firstly, the formation of a double top and the consequent break of the neckline at R225 projects a technical target of R205. However, it is also possible that we tag the S1 Pivot level just below @ R195. (during the last two years the stock has always tagged the S1 Pivot at some point during the year). In addition the stock also tagged the Yearly pivot of 2020 in early January at R235 which was rejected after a couple of days where the stock battled to break above this level. (bears had the upper hand here which is clear in the chart).
Secondly, the configuration of the moving averages is positioned for downside. We are witnessing both your shorter term moving averages (50dma,20dma) now below your longer term 200 day moving average given further emphasis to the weakness of the stock.
Thirdly, After recently breaking below the neckline support @ R225, the stock came back to retest this level and consequently price rejected off the neckline and started a move lower.
Given all of the above, the probability favors further downside in the stock and it would not surprise me to see this name tag both its Double-Top Target of R205 as well as the S1 Pivot Level @ R195.
JSE:PSG Markdown Gaining MomentumThe markdown in Phase D of the distribution of PSG stock is gaining momentum. We have analysed the distribution structure in the posts below but it is now playing out to test the bottom of the trading range.
JSE:PSG PSG Markdown Continuing PSG has been undergoing distribution (See posts below). After a last point of supply (LPSY) we are now seeing a continuation of the markdown in Phase D. Volume is increasing on declines and last week we have seen volume increase after a pullback to previous support. The relative strength against the Top 40 is also declining.
Ascending Triangle on PSGAn ascending triangle has formed on PSG. This is a neutral chart pattern and all depends on which direction the breakout occurs.
I will keep an eye on this and when a breakout convincingly occurs I will trade in that direction.
$PSG testing the 200wma (observation)PSG is testing the underside of the medium term trend line which acted as support since 2015. Recently we have seen the price of PSG run up to test this trendline which failed as support during August. What is also interesting to note is that in 2018 the 200 week moving average (green line) acted as support twice which could now act as resistance on this test. Not making any brave calls here but just an observation of the importance of this level we are currently facing. Should the stock not manage to clear the 200 wma (currently R226.62) on the weekly close.. then watch for the possibility of another move lower in the share. Of course, a close and break above the 200 wma will be important in reinstating the bullish picture for the counter going forward.
Possible long on PSGJSE:PSG has broken out of the sideways trend that it has been trading in for quite a couple of months. It has formed two higher lows in a row and has broken through the long term resistance and bounced off of it as support.
If the price moves above the last high I will enter a long postion.
Flash note: PSG GroupFlash note on PSG from our Unum Trading Desk analyst, Lester Davids.
"Around current levels, PSG is showing a technical willingness to break above the resistance level of R235, which is just below the 200-day moving average. The price has started to make higher lows and is trading above the 21 and 50-day moving average, both of which are pointing higher. With the 200dma at resistance, it is possible for the price to re-test the upward trend line before regaining the 200dma."
For more information contact the Unum Trading Desk on +27 (0)11 384 292, tradingdesk@unum.co.za or our real-time chat t.me