Risky
Let's Start The Remittance Party!Big news coming out from the Stellar* project. We believe in pump based on the news and the possibility for said pump to become the "test pump" depending on what the future holds. Read on and see if you agree.
Fundamentals
Read the big news coming out from the Stellar* project here.
Coins.ph, Flutterwave, ICICI, and Tempo is jumping onboard with Stellar*.
The remittance market is the goal here obviously and with such big players Stellar* can be succesful!
There is a huge market to conquer and the upside for investors is definietly there.
First Pump
We have already seen the market go up on the news, but far from enough. Stellar* is at this moment very undervalued and the chance of a larger pump in the short term is likely. At 900 we will get out and watch the proggress before taking a position again.
Decision Time
If things play out as we expect there will come a time when the market will decide if that's it or not.
That depends on the progress Stellar* can make with the newly acquired partnerships, and what Bitcoin is doing.
Risky Investment
This is a risky investment but with far greater upside potential then downside.
You should be aware that Lumens (The coin of Stellar* and what we are buying) does not really have much value. Read more about it here on their website.
"The Stellar* network is free to use, you only need lumens to cover the base fee" wich is practically non-existent.
For a big pump to happen to Stellar* (or more correctly lumens) , those coins need to become more valuable to the Stellar* network, and that is something we will follow the progress on.
However, crypto have not cared in the past and we don't believe it will this time either, so a pump to 900 in the short is still very likely.
Deep ITM Put on AMZNIt may be too late to jump in on this one, as the risk is about $20/share in option value if it turns against us.However, if you can stomach that kind of risk and have the capital, a .75 Delta ITM Put with 2-3 months of time value could win big. Today's slight rebound allows for an equivalent entry to the closing price from 11/10/2016. Trail your stop to the Red line.
Oscillator divergence supports the end of the long uptrend from earlier this month as well as an awful earnings report with supporting negative sentiment at this time (that doesn't mean it can't change on a dime). AMZN is a stock I personally avoid due to the psychology of it being an investors' "Sweethart". My personal opinion is it's one of the biggest bubbles of all time waiting to burst. Now could be the start...
Gold Down toward Big Correctionlarge drop in gold flowing to risky assets during Friday indicates downward pressure on gold
RSI(14) forms hidden bearish divergence where CCI reach lower than -200 level. Only "Sell" position would worth reward-risk ratio but WAIT! for the pullback. ADX is lower but still more than 20, implying downward pressure on gold does not violate long-term upward momentum on gold. Gold could pullback to 1250 before accumulating power to reacharound 1175-1180 at 61.8% Fibonacci level in long-term
XAUUSD
Possibility to Short/Sell at: 1248-1252
Stop Loss: 1262-1265
Take Profit: 1175-1180
Buy MXNGBP Gartely - great Risk/Reward and good fundamentalsTechnicals
We have a Gartely pattern set up here. I am looking to go long at 0.03697, which falls between the 0.786 retracement and 1.272 extension along with 1:1 ratio between the AB and CD legs.
There is also a divergence on the Relative Strength Index from a heavily oversold condition, supporting a spike from around the current price.
Fundamentals
Slumping oil prices damage the prospect for investment in Mexico’s energy industry, while slowing growth in the US is hurting Mexico more, since the US is Mexico's main export market. However, Mexico has the best economic fundamentals in the emerging market, and is heavily undervalued right now, suggesting either a continued consolidation around the current low, or a rebound from this low. Fundamentally, this is a risky trade and could overshoot into the stop loss, but it could also be potentially very rewarding.
Profit target
I have set an initial profit target based on Fibonacci levels. I expect the second target to be met, and based on the fundamentals above and how they evolve in the coming weeks I will either move the stop loss up to the first profit target if the second is met, or I will close the trade there.
Short-term selling against ItaúThat would be a week-wise trade. Fun fact: ITB4 (Or ITUB, Itaú Unibanco) is the most suggested stock by analysts in Brasil to buy and hold. Mainly because we are approaching a bottom, or you could say, a famous support. That's the last chance to short before it reverses -considering- it will reverse once it hits this bottom. R/R is medium, because we are in a volatile zone, so I don't want to leave it too tight.
Good luck, safe trading.
Technical and Fundamental Analysis of PBR (Petrobrás)Fundamental keypoints: (Translated from portuguese)
* New management: The new finance minister shows that is able to change the actual situation, which makes the market enthusiastic and hopeful
* While Dilma said the actual president is going to stay for the moment, there are rumors saying she'll (Which is Maria das Graça Foster) be replaced by Vale's actual president, which also makes the market hopeful.
* Although there are new reports, most of the media forgot about the incident already. The incident being a lot of reports of corruption inside the corporation, one of the most scandalous reports of corruption on Dilma's last government. (2010-2014)
* Most of the debt is being cleared on recent discussions about opening a new paper, or trying to re-finance it with investors.
* The target price most brokers and banks that still recommend this stock are aiming for is from 14 to 18 R$. (Reais)
* If there's a new paper on the market, this one will drop it's value fast. So be aware of the risk.
Technical Keypoints:
* Most of the bullish movement is because of fundamental price action, while it applies itself accordingly with technical analysis, considering the following: double bottom, probably followed by an harmonic pattern that indicates bearish behavior. Which means that short term we could expect a rise, then a drop. In the long term, I'd expect it to go sideways, followed by some bumps. If it goes out of the harmonic pattern, you could expect a continuation of the bearish trend (downtrend).
Portuguese text:
* Nova gestão Dilma: Ministério da Fazenda demonstra entusiasmo e mudanças em prol do mercado
* Otimismo em relação a troca de presidente da Petrobrás, devido a pressão política em cima da Maria das Graças Foster
* Murilo Ferreira é cotado como possível substituto, isso cria expectativa para com o mercado
* Apesar de novas denúncias, mídia não comenta mais tanto do assunto, algumas corretoras ainda mantém indicação de compra
* Negocia-se com credores as pendencias atuais e estão tentando evitar riscos sobre dívida em recentes reuniões
* Preço médio cotado por análise fundamental é entre 14 e 18 R$ (Alvo)
* Dissolução dos papéis atualmente pode acarretar falta de investimento futuro (?)
That's it, trade safe.
What is Euro thinking?We are in a similar posiition here, we just left a bullish engulf from a harmonic pattern, but it lost strength fast, and unlike it's friend AUDUSD, it didn't show any sign of early recoveries on the other indicators. If a breakout below happens, you should expect a 4H/D downtrend confirmation, and break the D/W/M major support. Still, it's a risky trade, make your stop losses tight.
Quick thoughts on AUDUSDIt's a pretty risk trade, and I'm only taking it because I made a mistake opening a position short on this pair friday. If it breaks upside, it'll simply continue the trend, drop the position and take the loses.
Otherwise, if it breaks below because of a gap or something, accept profit and get out too, because it could be a bounce confirmation.
Anyway, good luck all.
Technical bounce due on oil?Oil is not my primary area of expertise and i know that currently the fundamentals are clearly bearish after that the OPEC countries agreed this afternoon not to cut their oil production to lift oil prices. As a result oil prices tumbled to post fresh lows below 70$. However looking at the long term picture, we'll notice that the price of oil is now testing/dipping below the 200 periods monthly EMA for the third time since the year 2000 (indicated on the chart).
Is oil price due for a technical bounce?
Now that we know what's the position of the OPEC countries regarding the oil supply and that it was rather expected already, we can infer that most of the move is priced in (audacious statement!). Let's assume part of it is priced looking at the chart the next key technical support is found at 56.90$ and the stochastic oscillator is deeply oversold hence limiting further downside potential. It could be interesting to play a bounce at 60$ hoping that this bounce doesn't transform itself into a falling knife... The first realistic target should be found at 70$. This trade remains highly speculative to my eyes but I still wanted to share this observation with the community.
Entry@60$
SL@57$
TP@70$