TCS has been a fundamentally good stock which ultimately is good to hold for a long time. However, The recent budget has also been focused on IT which is an added advantage for IT Sector. At present, the chart shows Cup and handle pattern which will fetch 10% and above on breakout. I'm holding TCS for quite a while now and looking forward to investing more.
I have had the blue lines drawn out since around April or so, and I have now gained to confidence to showcase my work. I believe very soon AAPL, and many other stocks, will be hit with some bearish sentiment (whether around anti-trust or inflation, I do not know). This is my idea for what will happen: -Short term AAPL will hover around the red circle and...
Sector Rotation from Small Cap Growth to Value - IWO: the Ishares small-cap Value ETF IWN: The Ishares small-cap Growth ETF. This chart plots the strength of Value vs Growth - if its trending Higher Value is in favor by the markets. If it's trending lower, Growth is in favor.
we should still have another bull move somewhere in utilities as defensive rotation continues
At the risk of sounding like a bear I think we have come too far, which is why we have seen the sharp pullback of late, I regret that I didn't catch this bearish divergence as it was emerging but my focus was elsewhere... Let's imagine we have completed the first five waves from the 2020 bottom. That means that we are overdue a pullback that retraces a good...
XLK looks like the top performer YoY, followed by XLC, SP, and XLV respectively.
Currently, Demand in Metal Sector increased due to China extend its customs duty. In the last year 2020 due to Lockdown, many businesses were stuck. VSSL is trading at an all-time high level. Recently gave the breakout @279. One can Hold the VSSL stock in his portfolio above 279 for the Target 340-370. If it sustains above 340 then soon will see 400-500...
MARUTI Looks overall bullish and following the trendline perfectly. MARUTI is holding the above trendline from May 2021. Today, it retouched the trendline and bounced back hard. Above 7350, It can reach to 7650 quickly and easily. The risk level is 7150. One can enter the trade today at 7190 with Target= 7650 and Stop Loss= 7150 for almost 400 points with risk...
Hmmm, now where have I seen this name before? Oh, that’s right! It was from our sector analysis earlier where we identified the relative weakness. With an ATR of 2.6, any hard pop back into the 200d should offer a nice opp for a fade. Would even consider leaving room to add at the quarterly pivot at 75.32. TV chart link:
If the numbers are good and this gaps up, I would be looking to fade if it spikes into the monthly pivot around 147.
I am considering current theme of oil tickers with industrial, multiple pipeline incidents in recent history including most recent ocean on fire incident. ENG looks good from a technical perspective getting a falling wedge breakout on the 1 year 1 day with volume! check out the support and resistance levels and ask if risk reward is good for you. Do not trade...
Schwab's real estate (RE) ETF SCHH, (1) looks poised for at least 20% growth to reach its pre-Covid inflation-adjusted status, shown in the lower BLUE trend. Because M2 has been so extremely inflated post-Covid, (2) you really have to control for its expected distortion of equity prices. The GOLD-colored trend is SCHH unadjusted. There aren't too many unfinished...
Hello, The solar sector as seen by $TAN appears to be ready to stage a come back. Money has started to flow into the sector as seen on the CMF and is displaying bullish behavior. On book volume has crossed the average and appears to be showing accumulation of solar stocks. Momentum is returning to this sector. Over the summer months Jun-August we will probably...
ASX:XMM - Keep a close watch on sector and companies ~The sector is in an uptrend after making a bottom in Jan 2016 ~the previous high was made in Nov 2008 ~after a gap of close of 13-14 years sector has come to the limelight. ~Strong global demand ~China demand for minerals ~ Global infrastructure post-COVID-19 - Govt push ~DON't forget over 50% of the...
Last week we hit the 56 weekly bar. This week should be interesting to see if we continue higher, pause, or correction
Moxian, Inc. operates a social network platform that integrates social media and business into a single platform in China. The company's products and services focuses on creating interaction between users and merchant clients by allowing merchant clients to study consumer behavior. It serves small and medium sized enterprises. The company was formerly known as...
CME_MINI:ES1! AMEX:SPY First time playing with fib channels. Pretty interesting view!
ASX Setors and Index Analysis