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Ascending triangle breakoutI mentioned that I'm bullish on commodities, not only lithium. The oil prices are going higher as I assumed and will most likely continue and possibly even reach a few hundreds in the next ten years. This chart is pretty illiquid - especially in the beginning - and difficult to analyze but I looked at the big picture and I conclude that the smart money accumulation range should be over. 1.45 AUD should be possible in 1 - 2 years. $ 0.40 AUD is the shorter term target but everything is possible here. Just for small positions in my opinion!
ASX:EURLong
by mptrading74675
FB at Critical levels hereFB is sitting at a very crucial level here. After dropping about 15% from ATH levels, it just had one of its biggest drops of the downtrend so far. Because of the news that Trump Media and Digital World Acquisition Group are merging, this will be another competitor to FB and Twitter, no matter what people think. This will take some market share away from the big social media giants, and this has reflected in the FB and Twitter share prices in the last couple days. Personally, I believe FB will use its recent acquisitions, and massive market share to blow past this minor dent and will create its own monopoly again on the social media world. We have seen cases like in China, where WeChat runs the entire country and all transactions, pretty much, are done through the WeChat platform. With FB trying to monopolize, and creating its own cryptocurrency, or token, we can maybe see the beginning of a new era with FB. Things to note: Earnings: FB announces earning on the 25th, and we can expect this to make or break the stock. $300 is a critical level, and if FB breaks down, we could see a retest of the lows where Trump was banned from FB, and Twitter. Buying shares at this level, and will average down if a breakdown does occur, but I do not see FB dying lower than $300, and if it does, we will see a nice long bounce up to original levels. Short term: could be bearish, and could see even lower lows until a reversal occurs Long term: Bullish and I think this is a good price to get started in FB shares long term.
NASDAQ:META
by GRInvests
AMC Setting UpAMC has been in this pennant since that ridiculous run in June that we all remember. Meme stocks popped due to reddit and robinhood retail investors taking advantage of the huge % of shorts by institutions. We saw something that has never been seen before and we may be looking at a round two, on a smaller scale however. AMC has made its 5 legged pennant (A,B,C,D,E) and looks to be primed to break out above the upper trendline, and then the resistance at the $51- $52 level. It has been obeying very close to the fib retracement levels so make sure to keep an eye on each level as AMC continues it's path in this pennant and the potential breakout. Volume is falling while price is RISING so tread carefully as this is a BEARISH divergence sign. MACD crossed after that falling wedge pattern we played earlier last week, which is a good sign. Not all signs are looking good but it is a RISKY trade. I anticipate a retest of the lower trendline, at around $39 - $40, where you can enter the trade. If it does not retest, I would watch the yellow rectangle area I drew which could be the nearest support, and best BUY area if you are bullish as well. REMEMBER: this pattern is not always a BULLISH pattern. It can turn BEARISH if AMC breaks down below the lower trendline, so tread carefully. With stocks like this, hyped meme stocks, things can go south very quickly, just as fast as they can turn profitable. KEY LEVELS: $40 - IF AMC can hold this level, I will be very bullish on this stock and will be aiming for around the $49-50 level. $50 - over 50, needs to break 52 then I believe it can fly with some injection of volume, so keep your eye on the volume. Taking some shares at this level, as a starter position. Taking my time to enter any option calls or puts. CALLS: 19 Nov 40C looks good, with over 5k in open interest (OI) 21 Jan 40C is your best bet if you can afford it, with over 29k in OI ** You can also do spreads in order to limit your risk, a vertical spread with 19 Nov 40C and selling the 45C is around $180, giving you a $320 potential max return. Pretty decent risk to return.
NYSE:AMCLong
by GRInvests
3
Overbought weekly RSI with (daily) divergence in OBV and RSI14As the two mentioned indicators confirm each other AND the weekly RSI is also overbought I risk a little short position. Nevertheless, market could move higher anytime so I would only risk 1% with this first trade. If there is a new a high and I get stoped out I would risk another position if there are signs of weaknesses. If the short plays out well I would try to make the trade even bigger! ;) Caution: Trade against mid- and long-term trend! Stop-loss is beeing moved closer if there is a chance. :)
NASDAQ:MSFTShort
by suissedivergence
1
Short Apple?What a very risky play and my analysis have been on a loosing streak! Nothing to hide here, just honest analysis. Why do I keep getting killed? Here are my thoughts on Apples price movement for the very short term. 2 sell signals initiated by D+ which is an insanely accurate buy and sell indicator that gives signals based on their algorithm that combines RSI & Divergence. MACD also shows extremely high levels of price and volume and they have just started to balance out and will potentially slow down & drop as indicated by the most recent red bar showing the start of bearish strength. On the Contrary the Kurotoga cloud shows a support at $148.76 a share which is not far from its current price, so will apple fall below that level of support? If it were to fall below that cloud I would have no issue shorting it to $146 a share and scalp a quick profit regardless it hits that price or not. The goal is to ride the wave down. But will it fall at all? What are your thoughts?
NASDAQ:AAPLShort
by Myantman101
2
GOLD Risky Local Long! Buy! Hello,Traders! GOLD bounced off the horizontal support Just as I predicted but the marker returned it back down And the pice action looks bearish to me However, the support is strong And a local long provides a good R:R So while risky, statistically its a win anyway I suggest we wait for a reversal pattern to appear on 1H TF And only then enter the position! Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
OANDA:XAUUSDShort
by TopTradingSignals
5
GE speculativeHello everyone, today, I think, is time to talk about General Electric Company. I can say, that from vision of fundamental analysis it is danger play. Company had a lot of problems for last 3-4 years. Bad news are: - we have really bad condition in financial stability, so-so valuation rank (not good and not bad) - return don't cover debts (but, maybe, it is temporarely) - overevaluated and price is higher even then FCF - Company is more volatile because of fundamental problems and is less "resistant" to the news, conferences. Good news are: - Finally, company has good financial results, they are best in this industry - New management took course on decreasing of debts - Optimization of business cause lesser inventories and decreasing non-profitable parts of company. - Gurus of Fundamental investing use GE as middle/short term asset, so it is possible to use it too. In september 2020 if You will invest in GE, at the 01/01/2021 you will have 100% of profit. But I recomend to be careful, look for oportunities and chances. Or if You are ready to play in speculations and risk - don't risk too much, think about money management. As usual - that is only opinion, I don't give recomendations. Any investing or speculations is risky and can cause losses. Past success don't guarant success in the future.
NYSE:GE
by ValueInvest_Pro