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Recovery

Oil comes back in businessI think oil is not healthy and not environment friendly either, but still can be a good investment, at least during these times after a collapse that we experienced because of the lock downs. So, we can ride the recovery. The outlook here is not only the "fill gap". Reaching $1.49 is not the end of the story. More likely an ABC correction could follow after completion of the 5th wave (maybe some profit taking there) and/or it will continue to recover back to some reasonably higher level, even if not to the original price where it was before -last year was in the moon compared to now- but to a much higher area where it is now, that is quite sure. No more risk of going bankrupt for Centennial, nor will it collapse much in a likely case of a market fall or correction during the following months, as this stocks price is already very low and oversold in general (in my opinion) not talking about the technicals in this particular case but in general. So I am long on CDEV, not a day-trade, nor a swing trade, but hold it until November at least, preferably longer. This is a great company, they manage expenses smart, the rigs are in the best location nationwide and they are a confident, experienced team. Can not say anything bad or high risk about them any more, this is why I made the analysis.
CLong
by janfoux
2
USDCAD bullish recovery on the way? 100+ pips opportunityUSDCAD has been tening down for some time already with more than 600 pips. 3rd wave down looks to be completed and potential recovery might be on the way soon. CAD is a bit laggard currency this week, not quite following risk on and commodity currencies rally by both currency and secular performance. At the same time USD is under huge pressure, but coming at very key levels against majors, specially risk on currencies. Here I see opportunity on this pair, because any spark for dollar will trigger more upside on this pair than on others, plus key technical areas are just being tested multiple times. Earlier today Canada's trade (import/export) numbers were more poor than expected and international trade merchandise numbers were also terrible. This may indicate more cautius and dovish stance from BOC in future and could be the spark that can weaken CAD in near term future. Tonight BOC's Toni Gravelle will deliver a speech, so volatility might come back if he delivers such tone. TECHNICALS: 1D: 1.35 key confluence pivot (price trades in mid range) 50 pips are left on the table to fill ADR (not likely to happen) - RSI momentum is climbing up 4h: double bottom and consolidation area 1h: Price moves above 50 on RSI with multiple candlestick patterns. This indicates 1.35 is indeed very strong support -multiple rejections IDEA: 100+ pips of potential upside is on the table given all the facts. However I will go with lowest stake this time because it's still risky, given the fact this is A COUNTERTRADE! I see targets at: TP1: 1.36 TP2: 1.365 TP3: 1.37 Stop loss: 50-100 pips below (1.345 area and below)
Long
by fxmonarchy
BEWARE OF PULLBACK ON RESISTANCE - CAC40 - 30MNThanks for your likes and shares! Much appreciated! _____________________________________________ The market is in a recovery mood . The actual range can possibility be a good entry for a short direction profitable trade. The upper level can possibly see a nice entry for long direction trade, BUT, beware of pullback because it is a strong resistance line. If pullback happen it will be a even better entry for Short Direction Trade!
EURONEXT:CAC
by Diallo_Charts_Ideas
SPX: WXYXZ RECOVERY PATH? Chart says all. This recovery in bear market will be longer and more volatile by far than the 2018 minicrash V-recovery. Historically, most bears follow a WXYXZ path, with second X weaker than first, a lower high. The Z leg might be at or slightly above the 23 March low; a 5th wave extension could push it down to 1.272 x wave 1, to carry index around 1770. The current 'Y' wave should give a higher low in the target box zone, before pushing back up to join channel top. IMO buying on double bottom later in 2020 will be an historic opportunity... This is just an idea, does not constitute investment advice; trade at your own risk, GLTA!
TVC:SPXShort
by DaddySawbucks
5
Old Idea #1 Two-Year Forecast for Bitcoin 2021/22I took the retracement from $200 to the old ATH, and found two Fibonacci levels that predicted our current ATH and bottom. All levels are scaled for log chart. 1.382 extension matches with today's bottom. 2.382 extension matches with today's ATH. If we have a full retracement to $20k by the end of 2020, then the 1.382 extension predicts the first sell-off peak at $40k, and the 2.382 extension predicts $200,000 blow-off top by 2022, depending on how far and fast that greed and hype can really take us. Again, my Fibonacci levels are scaled for log charts. As I watch the market struggle to stay above $6k today, I do expect things to get better with time. Coronavirus and global market sell-offs be damned.
COINBASE:BTCUSDLong
by waysidebitcoin
1
Online Retail. V-Shaped recoveryIt is rare to see a real V-shaped recovery, IBUY will most likely test previous all-time-high. $54 to $56.5 is an important range. To see it more clearly, just zoom out, or use a weekly chart. OBV has been indicative... as we cross above or below the 200sma, we can see OBV start a trend, either down or up, in conjunction with the 200sma. After our most recent cross above the 200sma, OBV is reaching 1-year high. Watching closely for a new breakout, which will possibly be followed by a re-test the previous highs. IBUY top-10 portfolio holdings with weight %: CHWY (4.89%) STMP (4.79%) NFLX (4.01%) PETS (3.83%) PTON (3.56%) GRUB (3.48%) AMZN (3.35%) CHGG (3.21%) UBER (3.20%) FLWS (3.11%)
I
by dorfmanmaster
LONG - QKC - Trading OpportunityAfter BTC's crazy run the past few days, alts are starting to pick steam pack up to where they we're previously left off. And BINANCE:QKCBTC is one of the few that still hasn't made much recovery while showing the right signs on the smaller time frames. Entry: 0.00000031 Target: 0.00000039 SL: 0.00000029 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
Long
by ElMomento
When We Mistake the Map For the Territory Now that we know the virus is not going to get even remotely close to what the models were projecting (for now). I think it’s relevant to compare this V-shaped price recovery to the December 18 market plunge. Dec. 03 peak to Dec. 24th trough = we plunged 17.10% (in 3 weeks) From that bottom to Jan. 18 peak = we rebounded 14.74% (25 days) -->We recuperated about 86.5% of that percentage loss Feb. 19 peak to March 23rd trough = we plunged 35.72% From that bottom to our April 20th peak = we rebounded 31.5% (also 25 days!) -->We recaptured about 88% of that percentage loss *Now why did I choose these specific dates?? Answer: Because both April 20 (2020) and Jan. 18 (2018) are the peaks we made before we deviated from that “V-shaped recovery channel” Conclusion: In both V-shaped recoveries, we recapture roughly 87% of that % loss in “coincidently” 25 days as well. And then deviated out of the V-shaped channel, tested the nearest support for confirmation, and tipped off a new bull market. It probably boils down to some sort of market psychology that repeats in these types of circumstances... Now unlike the conventional belief right now, why is it all of sudden relevant and perhaps helpful to compare this crash to December 2018’s? 1)it’s the most recent liquidity crisis we’ve had 2)it was an overreaction to the potentiality of something -fear that we’re due for a recession because this bull run is much longer than its predecessors -this cycle has lasted for 10 years whereas the average is 4.5 years. This does not constitute a recession! -However, this bad logic no longer mattered once the fear becomes a contagion 3)The unraveling effect. This begins when people are provoked(by media) to look for these assurances and “oddly enough” they find these assurances As the wise Nassim Taleb says when describing cultural products, "It is hard for us to accept that people do not fall in love with works of art only for their own sake, but also in order to feel that they belong to a community. By imitating, we get closer to others-that is, other imitators. It fights solitude." Just think about it for a minute. If you were really to boil down and I mean really...The Covid crash, Dec. 2018 crash, Feb. 2018 “Peak”, Dot Com tech bubble, 01’ panic were all triggered by nothing more than a cultural product. How do contagions come about? We as humans scorn the abstract, we hate uncertainty. What we have is an aptitude for reduction. We find patterns where there are not (at first). Where can these patterns be found? What does the current language around me sound like? Most people just accept this as truth but all it is, is majority opinion that becomes so widely accepted that it becomes reality. This according the book Black Swan is called “platonicity” which is our tendency to mistake the map for the territory. We focus on the pure and well-defined forms, the overgeneralizations, the things that make sense. And where things get dangerous is when, “...these ideas and crisp constructs inhabit our minds, we privilege them over the less tractable structures Platonicity is what makes us think that we understand more than we actually do. Now obviously this does not happen everywhere. Only in specific applications are these models, and constructions, these intellectual maps of reality wrong. “These models are like potentially helpful medicines that carry random but very severe side effects...The platonic fold is the explosive boundary where the platonic mindset enters in contact with messy reality where the gap between what you know and what you think you know becomes dangerously wide. It is here that the Black Swan is produced.” (Nassim Taleb)
AMEX:SPY
by TheMandalorian27
11
AJ upwards... spread sucksContinuing with the D1, H4 and H1 trendlines, creating a new Highest High (at this time) and setting stops at the last lowest low... Come on AJ don't break the market structure today! Keep on trucking and recovering all that you lost from March 12th... the bloody day where the market caught COVID-19. **This is personal and educational trading data. This is not professional advice. Consult a licensed professional for financial advice before placing trades**
Long
by forexfreaks
Not too late to buy INO(maybe MOON)Possible pull back reasons: BTC halving: Millenials are into crypto and a lot of people made money June last year before the LTC halving. People are hyped because this is the last major halving for 4 years. And might be selling their stocks or fresh INO gains to get into BTC. PLUS miners usually plan ahead for the bitcoin halvings and buy extra equipment to not suffer any major losses. BUt CORORNAviruis might have put a stop to the equipment the miners need to keep BTC mining profitable. If that is true then we might see something close to 2017. But I expect miner had their equipment before this all happened. Or will get it in the month before the next halving. People forget: America moves fast. if something major happens on Monday it's lucky to be stilled talked about the next Monday. So people are naturally not talking about the coronaviruis and people might care less and less about the vaccine by the time it is ready to be sold. We are aslo seeing states open stores and businesses more and more. That will distract from a vaccine as well. Overall, INO is into more than just a COVID19 vaccine. And I think, after some interview I've seen recently, Mad money, the CEO and the company is run with good intention and have good products. So, it could pull back but I see recovery if that happens. a pullback happening would probably take some bad press or fake news.
NASDAQ:INOShort
by UnknownUnicorn5174798
A +5% WEEK! "Recovery" Mode Paying Off - DT RECAP 04/24/20Hi traders, What a turnaround. I couldn't be happier. I am ending my week at +5% profit after I strictly followed my "recovery" program as a reaction to previous losses. And it turned out to be just the thing I needed! My trade today: 1) NASDAQ:CZR - LONG @8.463 (average), not a big mover, but the setup was just perfect. Had I held on, I could've squeezed out almost double, but happy with the result nonetheless. +2.08% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: +2.08% Total PnL for the week: +5.02% How did your week go? Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
3
This Is HOW You Get Back to GREENS - Daytrading RECAP 04/22/20Hi traders, Another small but solid up day for me. Let's take this opportunity to talk about HOW you should be trading after a drawdown! - You take only the best opportunities. This prevents you from blaming yourself even more when you lose yet another trade while already down. - You trade LESS. If you typically trade 3-4 trades a day, stick to just 1 or 2. FOMO is biiiig when in a drawdown and more often than not you are only digging yourself a bigger hole. Don't try to wipe week's losses in one profitable day. Your plan works, stick to it. The rest is just statistics. - If you REALLY "NEED" to take more trades, just switch to DEMO account! Two trades today: 1) NYSE:CLR LONG @12.57, great pattern, didn't have the strength to continue. -1.02% 2) NYSE:PINS LONG @18.15, beautiful gap, was a little nervous with the volume drying out, but with a support of the SPY I held on and it paid off. +2.27% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: +1.25% Total PnL for the week: +2.44% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
Weekly Preview: Good News Keep Coming!The market is coming back to its previous bullish trend, two proves of that: - Nasdaq is already in neutral territory YTD - Volatility is around 48%, well below its peaks - Some companies, specially American technology are regaining ground effectively sooner than expected which is also good news. The two pillars within this environment that are working are two: 1./ Central bank aid (this was expected to work immediately) Stimulus from central banks and governments has brought confidence to the market 2./ Covid-19 numbers Trend of better daily numbers of new cases are consolidating and some businesses are starting to reopen - Bearing in mind this, the market doesn’t react to an economy, it foresees what the economy will do and act base on that. Current Context: March was harmful, April is better with consolidation taking place. Even times are going better than expected with numbers improving faster than expected. Again, Nasdaq has already recovered those YTD loses and this is important because normally it brings the rest of indexes with it. First the DOJ, which represents more classic companies with high dividends, and after Europe. Then, short term facts are being positive too. 1. Gilead Sciences has reported successful treatment of Covid patients and can be a ray of hope. 2. American attitude, they are focused in reopening the economy and that creates big expectations. To finish, we´ll have some economic indicators with more government meetings that will still bring more confident to the market and strengthen this faster than expected recovery.
FX:NAS100Long
by JoseDN
Worse-than-expected economic data implies S&P 500 downturnRetail sales data, industrial production data, and capacity utilization data for March all came in quite a bit worse than analyst forecasts today. The Empire State manufacturing index for April also hit a record low, falling nearly 40 points more than expected. Bankruptcies are also piling up this week at a much faster pace than last week. Publicly traded companies that declared bankruptcy include FTR , HOSS , and LKSD . Also at imminent bankruptcy risk are JCP , CLUB , and I . Lots of private companies have also gone into bankruptcy, including the XFL, True Religion, FoodFirst, Fairway, Pace Industries, Longview Power, and lots of small farmers in Wisconsin. The cities of Vancouver and El Cerrito are also on imminent bankruptcy watch. These metrics suggest to me that the jobless claims numbers Thursday are going to be bad again. I also think the market is overly optimistic about the long-term economic outlook and the return to normalcy once the economy reopens. Zacks, for instance, is forecasting that most of the lost jobs will return once this is all over. I'm less optimistic that companies, having burned a ton of cash, will be able to rehire the people they laid off. Some jobs are also being automated as we speak. Here's one example of the economic ripple effect the shutdown is going to have. Cities will lose 25-50% of their revenue this year, and they will somehow have to make up their budget shortfalls. Most of them will raise taxes, perhaps in the form of a temporary coronavirus tax. That will be a drag on economic recovery, which will take a lot longer as a result. In terms of technicals, I expect at minimum a near-term test of the 20-day moving average, and possibly the ten-year trend line.
SP:SPXShort
by ChristopherCarrollSmith
10