TRADE OF THE WEEK | Top-Down Trading With Confirmation💰
Hey traders,
Dollar index is trading within a horizontal trading range from the beginning of the month.
This week its support was reached.
From that, I was looking for buying opportunities.
A confirmation that I spotted was on an hourly time frame:
the price was ranging within a narrow range and then broke its resistance to the upside.
Long was opened on a retest.
Great winner!
Did you catch it?
❤️Please, support this idea with like and comment!❤️
Signalsfree
AVRO all time lowWant to buy a stock at all time low?
On 1/5/2022 Barclays Boosted the Price Target for AVROBIO, Inc. (AVRO) from Overweight to Overweight and the price target from $6.00 to $22.00.
Now AVRO is $1.34. The next important resistance at $3.80.
Lrc takes the decition and wants to goLoopring has been beaten down and shorted very hard over the last 3 months.
our indicator shows buy and trigger is break white box and we have divergence! its all done!
With LRCUSDT being shorted so badly, there's much opportunity for a potential bullish rally.
set stop: 0.75
targets are in the panel
Happy trading!
SONM Would you buy this? Sonim Technologies designs and manufactures mission-critical smart phone-based solutions for workers in extreme, hazardous, and isolated environments.
Its products include ultra-rugged mobile phones, like Sonim XP8, Sonim XP5s, and Sonim XP3, business process applications, and a suite of industrial-grade accessories.
The market cap is only 20.568Mil.
*&MIl trading volume yesterday.
Looking forward to read your opinion about it.
MMAT 52 week lowMeta Materials Inc. (MMAT) is close to its 52 week low, ranging: $1.38 - $21.76.
What i see in the chart is an easy 80% upside potential support and resistance play.
Looking forward to read your opinion about it.
OKTA Falling Wedge and Losses Exceeding ExpectationsOKTA is bearish from both fundamental and technical perspectives.
The falling wedge has a price target of $140 before a bounce and the company said billings rose 91% to $603 million vs. estimates of $497 million.
Since the earnings are negative, 266Mil in 2021 and the Market Cap is high, 28.418Bil, OKTA is still a growth stock from which investors have high expectations.
When investors see weaker forecasts or expenses increase, on rising interest rates, they are tempted to sell.
In this case, my price target is the $140 support.
Looking forward to read your opinion about it.
GOLD Barrick Gold Corporation safe haven just in caseBarrick Gold Corporation, which engages in the exploration, mine development, production, and sale of gold and copper properties looks like a safe haven just in case of a war.
The DIVidend YIELD at 1.63% and P/E ratio at 19.94 look decent.
My price targets are $24.80 against inflation and $29.60 in case of an escalating conflict.
SHOP Shopify Price TargetsSHOP Shopify is not a negative earnings growth stock, but a strong company with a 27.47 EPS and a Price per Earnings of 36.70.
But will the impressive earnings continue on February 16th, when they report?
From my experience having an Shopify store, their fees combined with Paypal`s commissions are killing me. :)
So maybe i am a little bit bias targeting $715 and $531 price per share.
Looking forward to read your opinion about it.
BitCoin Buy Signal With True ElliotWavesHi everyone :)
I hope your portfolio is always as profitable as mine:)
""I'm sorry, my English is not very good.""
Let's go to my analysis, Based on Elion Waves, I believe that the Bitcoin correction wave is over and we can expect a positive trend from this cryptocurrency.Accordingly, we can make a great investment and expect to make a good profit in the long term, And this is really great.
Accordingly, I identified the major points for investing in Bitcoin. Just note that you must enter your money in bitcoin in two steps, and of course note that you must always have 30% of your money in cash.
Entery Points:
EN1 50% of your Money= 39600$
EN2 20% of your Money= 38000$
Money in cash = 30% of your Money
Targets Points:
TP1= 47800$ (Risk Free)
TP1= 56000$
TP1= 63500$
TP1= 71000$
Stop Lose : 32000$
Is the downfall on EURUSD coming to an endYesterday, we saw a 100 pips drop on EURUSD, but that's not where it ends.
That confirms the downfall which we expect to continue for now.
However, we should pay attention that there was a move of 170 pips without any pullback - something unusual for this pair.
Today is Friday - a suitable day for collecting profits and therefore a possible pullback.
That's why it's probably best not to look for short positions today, but instead of that, wait for a retracement!
Long-term ideas are still valid and without any changes!
Like and comment below this post! Thank you!
XAUUSD Long !XAUUSD LONG UNTIL 1869
I will keep this short and nice. Not financial advice trade at your own risk.
I have been looking at gold for a good time now since last week and finally after a push to the downside while Jerome Powell spoke today. I think gold is at a cheap price level after taking out a lot of buyer from January 19th
its looking perfectly at a level to move to the upside to 1869 and its also at a strong FIB level for a bounce as well.
I will be looking forward to enter trade with a good price action with nice momentum. More likely when the London session starts, trade safe and be smart
KMPH $50 Million Share Repurchase ProgramWhen most of the companies are diluting their shares and insiders are selling, KemPharm, Inc. (KMPH) does the opposite.
Insiders are buying and the Board of Directors authorizes a program to repurchase up to $50 million of the Company’s outstanding stock valid through December 31, 2023. It is equivalent to 18% of KemPharm’s current market capitalization.
Because of the short term puts i have 2 approaches for KMPH:
dump to 7.17 and then go to 11.45
or
bounce from the strong support which it has right now and go to $14.50
Looking forward to read your opinion about it.
BRTX Price TargetOn 12/1/2021 E. Piros from Roth Capital brokerage Initiated Coverage on BRTX with a Buy rating and a price target of $37.00.
The price is now 4.57usd.
2 Week Range 4.36 - 132! yes, 132usd!
We can expect a big pump after this all time low!
BioRestorative Therapies Announced few days ago the Filing of Ten Patent Applications Related to its BRTX-100 Program.
Last month they did a $23 Million Public Offering with a share price of $10, so i consider this area to be safe for short term investing.
CRTD Price Target based on FundamentalsCRTD is one of the most undervalued Trump related stocks right now based on fundamentals.
Creatd Q3 net revenues increased 178% YoY and 22% quarter-over-quarter.
Revenue guidance for FY 2022 of $10 to $15 million, a 100+% increase over expected FY 2021 revenues.
My valuation is 90mil mk cap. The Market Cap right now is 36.828Mil
My price target is 5.5usd.