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Reversal

UDMY (Long) - Edutech reversal playFundamentals Not my usual play, but I do like to tell myself that I have developed a keen eye for reversals. So let's see if this one works out Udemy is an Edutech firm with surprisingly good fundamental s, considering the stock price would probably be telling you otherwise Valuation is not extended (compared to the current market standards - P/S = 2.8), the sales growth is reliable and strong while the firm is nearing profitability The business carries high margins and if it remains on the current trajectory, it is bound to become a highly profitable firm. And as a bonus, it does not have any debt! The thing I like the most though is the support the stock is getting from the overall education sector. Look at the charts of NASDAQ:DUOL or NYSE:COUR (which I recently covered in another post) to see how strongly these stocks have been performing Technicals Reversals are very tricky, but there is a couple of signals to always look out for The stock broke the series of lower lows and lower highs and is establishing a new higher high The price broke cleanly through all moving averages And it has done so on very positive news that carried the stock 30% higher . Most importantly, we can see follow-through in price; not collapsing higher or consolidating, but rather marching higher RSI is breaking towards new highs despite the stock being price-depressed and stochastics are showing a strong momentum I do not know if this trade lives up to the expectations, but this is how I would imagine an ideal reversal Trade Putting on the trade is rather tricky , I am not going to lie. Hence why I have not put it on myself either The next support levels are unfortunately 10% away (the black line) and the stock price has not properly pulled back. A good sign of the underlying strength, but bad if one wants to enter the trade One option is to wait a bit but risk the trade running away from you. This is what I am going to choose because my own risk managemen t would not let me enter the trade at this price. The other choice is to get in now. In that case, I am going to leave it to each and every one of you to pick your own spot for a stoploss. At this point, there is only one viable level that I can see, which is around the black line depicted on the graph By the way, a really good pick for a long-term investmen t if someone is interested in that 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 :)
NASDAQ:UDMYLong
by jurajholik
CUP O' THE MORNING! - AJHere is AUD/JPY on the 30 Min Chart in what looks to be a VERY convincing Cup and Handle Pattern starting to form! I expect price will finish the "Cup" @ 97.007 -THEN- Give us our "Handle" (Higher Low) to continue HIGHER being that its a Strong Reversal Pattern! Fundamentally: AUD -> NAB Business Confidence (Mon), Wage Price Index (Tue), Employment Change and Unemployment Rate (Wed) JPY -> "Clear News Week" **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
Long
by Novi_Fibonacci
History Rhymes 📖🎶Today, I want to share an interesting pattern that BTC has been respecting lately. 1️⃣ First, in June, after a bearish trend, BTC formed a falling correction /pause, and then we experienced a shift in momentum from bearish to bullish. 2️⃣ Then, in mid-July, after a bullish trend, BTC formed a rising correction and then reversed. 3️⃣ In September, once again, BTC formed a falling correction and then traded higher. 🖊 We can clearly see that this pattern is playing out nicely on the BTC Daily chart. 4️⃣ If we apply the same logic to the current price action, BTC should be in a rising correction phase. For it to be confirmed, we need BTC to reject the upper green trendline again and then break below the last low in green at 33,000. In this case, we will be expecting a bearish trend to start, reaching around the lower orange trendline at 29,000. 🗒 What do you think? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
98
CAT : Unlocking Upside Potential with a $290 TargetCaterpillar Inc (CAT) has recently demonstrated significant upside potential according to the latest technical analysis. Let's delve into key points supporting this positive outlook: Recent Developments: On October 31, 2023, CAT's stock price touched a critical support area at $228.37, marking its lowest level since June 2023. The significance of this level is reinforced by the presence of a long-term upward trendline dating back to March 2021. This underscores strong demand at this level, signaling the continuation of the upward trend. Positive Reversal: Following the support touch, CAT shares experienced a positive reversal by successfully breaking through the previous resistance level at $244.24 on November 3, 2023. This indicates an increased buying pressure, suggesting that CAT has the potential to continue its ascent to higher levels. Target Price Set: The proposed target price is around $290, reflecting the highest level reached in August 2023. This target selection is based on psychological aspects and the Highest level of all time Momentum Indicator Support: Two key momentum indicators, MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index), provide positive signals: MACD is above its signal line and the zero level, indicating that upward momentum is increasing, supporting the continuity of the uptrend. RSI has moved above the 50 level and is approaching 70, suggesting that CAT may be in an overbought condition. This indicates a higher number of buyers than sellers, supporting the prediction of price increases. Conclusion: Based on this in-depth technical analysis, Caterpillar Inc (CAT) shows robust potential for upside movement. However, as with any investment decision, it is advisable to conduct further research and consider risk factors before making decisions. Stay informed about the latest news that may impact the overall stock market.
NYSE:CATLong
by fardycurry
Currency Pair: GBP/AUD SellTrading Plan/Signal Currency Pair: GBP/AUD Action: Sell Entry Price: 1.88326 Stop Loss (SL): 1.94732 Take Profit 1 (TP1): 1.85227 Take Profit 2 (TP2): 1.72405 Reasoning: The trading plan involves selling the GBP/AUD currency pair. Here's the rationale behind this decision: Head and Shoulders Reversal: The analysis has identified a head and shoulders reversal pattern. This pattern typically indicates a potential trend reversal from an uptrend to a downtrend. The left shoulder and the head form higher peaks, while the right shoulder forms a lower peak, creating a bearish signal. Downtrend Anticipation: The head and shoulders pattern suggests a bearish sentiment in the market, indicating a potential downtrend in the GBP/AUD pair. Trading Strategy: Entry: Enter the market with a sell order at 1.88326, as this is the point where the reversal is anticipated to start. Stop Loss (SL): Place a stop loss at 1.94732. This level is set to limit potential losses in case the market moves against the trade. Take Profit 1 (TP1): The first take profit level is at 1.85227. This is where the initial target for profit-taking is set, anticipating a portion of the potential downtrend. Take Profit 2 (TP2): The second take profit level is at 1.72405. This level represents a more significant target for profit-taking, in line with the expected downtrend. Risk Management: Risk-reward ratios have been considered in setting the stop loss and take profit levels. Always trade with a risk that you are comfortable with and that suits your overall trading strategy. Regularly monitor the trade's progress and consider adjusting stop loss and take profit levels as the market develops. Please note that forex trading carries inherent risks, and it's essential to use proper risk management and only trade with funds you can afford to lose. This trading plan is for informational purposes and should not be considered as financial advice
Short
by Jazzy_Qmolautsi
AUDJPY - Long Story SHORT !Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart AUDJPY has been stuck inside a big range and it is currently hovering around the upper bound / resistance zone in green. on H1: Right Chart For the bears to take over, and activate our sell setup, we need a break below the last low highlighted in gray. Meanwhile, AUDJPY would be bullish and can still trade higher inside the weekly resistance 97.0 - 98.0 📚 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
4
NAS100 Post Reversal 03.11.2023Wall Street is close to its best week of 2023 on hopes for a halt to rate hikes. The Index experienced a strong reversal. The path though is quite unusual since no retracement has been recorded yet. This might be the opportunity to catch the retracement. The index is expected to return back to the mean and the 61.8% of the move at least. As per the arrow. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
PEPPERSTONE:NAS100Short
by Stuart_Cowell
1
ETH - One More CheckPoint 📍Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our last analysis (attached on the chart), ETH rejected the 1550.0 support and traded higher. Currently, ETH is sitting around a strong supply marked in orange. 📈 For the bulls to remain in control, we need a break above 1885.0 📉 Meanwhile, if the gray zone 1738.0 is broken downward, expect the bearish impulse to start. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
8
GBPUSD 29/10/23Starting things off with GU. heading out of last week we remained within a bearish range and held our trend nicely until our final session of the week, it was at this point we swept out our SWH showing us that we might have some possible for reversal, we are still within our range so wont be jumping the gun for longs until we get a clear entry. iam watching these lows for a entry to show itself, if we get one then we will test our longs with low risk. if we don't get our entry then we will look to follow the short move out of our swing low. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
2
ROSE is blooming 🌹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After being bearish for a couple of months, #ROSE finally broke a previous major high (marked in orange) For the bulls to remain in control, and take over from a long-term perspective, we need a break above 0.055. In this case, we will expect further bullish movement till 0.07 📉 In parallel, if the last minor low in red at 0.049 is broken downward, we will expect a bearish movement till the orange previous low. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
AUDNZD - Trading The Wedge 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. AUDNZD has been overall bearish trading inside the falling wedge pattern in blue, and it is currently approaching around the bound of the wedge. Moreover, the zone 1.0925 is a strong resistance. 🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline acting as a non-horizontal resistance. As per my trading style: As AUDNZD approaches the blue 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
by TheSignalyst
6
PT 245 - 250. H/S pattern. Buyers weakening on TSLA. Lazy pump.The H/S pattern is a clear indication that buyers are weakening. If you see the day's price action you'll see that we couldn't even reclaim 262 or close at a weekly high. Today, there was bad news and pumped $10 from the bottom. Yes we played calls here today (and a failed $40 lotto put), but that doesn't mean this price action is sustainable. Anyway, "fundamentals" aside, let's look at some price action: Buyers pushed the price up from blue TL. Failed to make a new high. Forming a left shoulder. Buyers went a little higher this time, but failed again. Back down to blue TL. I alerted calls here and shares. Paid nicely! Now, this week, buyers failed to reclaim 262 resistance and enjoyed a fake pump on Friday to close the week. What happens next is either blue TL dip or white TL dip. More likely is a white TL dip because that would be 3rd touch on white TL and 4th touch on blue TL. 4th is usually bearish. 3rd is bullish. I'll buy again on white TL. Hope this is helpful for you. We've been making fire calls all month. Welcome to follow or let me know how this is helping you. NASDAQ:TSLA AMEX:SPY CAPITALCOM:US100 FX:NAS100
NASDAQ:TSLAShort
by kingdips
7