$APVO Nov. 05th 2020 Long day trading Opportunitywait for a pullback and consolidation with $APVO
$14.42 to $14.5 Entry point for APVO
SL $13.99
1st Take Profit point 50% holding at $18
2nd Take Profit point at $23.90 (3rd Squeeze, or the last potential squeeze) if APVO $14 not violated and Consolidate above vwap
if the 3rd breakout at $19.46 occur with APVO, we could see another 23-24% Upside Squeeze from the $19.46 breakout point
1st squeeze had a 23% upside from 9.15
2nd squeeze had a 23% upside from 11.65
3rd squeeze will have another 23% upside from the 19.42 Breakout
PS:
tomorrow 10:40 AM and beyond APVO has to hold above $16.28 for any hope of $19.32 breakout
key level $16.5 for hope of 19.32 breakout
and if $14 get violated downwards might signal an authentic backside
Squeeze
JD Support and Resistance- Potential Squeeze Oct 14Since curving down and bottoming at 71.76 NASDAQ:JD has moved back up along a similar curve. As long as this curve holds JD could push back above 79.27 resistance and with the right conditions it could jump from 80.70 to 85+. Something to consider on JD is the MACD reaching a buy signal and the last 5 days have been higher opens with a close lower than the open. If JD can't hold the curve and 77.30 support, price could test 75.53 support and continue to consolidate in that range for the near future.
Expecting Bullish Price Action on CRM- CRM appears ready to break upwards out of a Bollinger Band squeeze . The same bullish price action occurred when it reported Q2 earnings in late August.
- The Commodity Channel Index , a measure of the current price level relative to the 20-day average price level, has moved above +200. This indicating a strong uptrend is beginning.
- A bullish MACD crossover is also about to occur, signalling a shift in momentum to the upside.
- The RSI indicates CRM is not yet overbought (RSI<70).
- Furthermore, the stock is trading above its 20, 50, and 200 moving averages .
USDJPY LongUSDJPY L Trade Ideas
ALOHA Traders!
The market is showing some nice setups to end the month of SEP brining in some nice momentum going into OCT and beyond. Here is one of my ideas of what I’m thinking price can do.
1. USDJPY L (not in this position)
D - After a double bottom on the lower trend line of a range, price spiked up and has room to breath. A long term hold for the bull-run to the upside could take months (the market does not move perfectly).
4HR - Bullish momentum and broken above 50 EMA, now price is just correcting before continuing upward.
1 HR - A correction occurring at the top of a Rising Wedge. Price is at a key area where price can squeeze to the upside, or reverse into the downside to near 104.00
15Min - Similar to 1HR note. Squeezing and will move soon.
As always, price can absolutely do some crazy, whip shaw shenanigans and nothing is ever a guarantee in the market until it actually happens.
SL set at 36 pips.
Target: top of range @ 106 level.
SQUEEZED SELLERS - THE TRADE OF THE DAY - GC - 15MNThe easiest trade to take today on the Gold Future - GC.
After a long drop during Asian session and European one, the American session wakes up involving huge volumes with initially a strong acceleration of the drop in price to later trace the perfect signal of a possible very profitable long entry.
As the sellers has been squeezed, it is later on the buyers who have been squeezed, showing the perfect signal for an exit point.
A long trade but still a day trade. The trade of the day!
WHERE THE BUYERS FAILED - UPTREND IS OVER - RANGING - CGC - 60MNThe price has been up trending generally until the buyers were stopped.
The three arrows show where exactly the buyers has been squeezed. The volumes where very important at those points. It is a probable validation that the market wanted to go down.
The horizontal blue lines are marking the new range of the market price. The market is clearly ranging now.
There is probably opportunity in trading range breaks.
A bottom red line has been identified from past price movement and another top green line has been identified from the top of latest huge gape.
At the moment, the market is ranging. It is probably better to use another quality of traders: WAITING.
This is my trading view about this market
SPX potential double bottomThere is finally some buying volume coming through, but too early to call anything. It is technically a lower high, but reached the wicks of the previous low and rebounded with good volume.
Definitely wait for confirmation before going long because it is also going through a Bollinger Squeeze and has bounced off the MAs.
MNK Short Squeeze and Reaching the bottomMNK Short Float 55.42%
Is in the $ 1.5 range not far from the all-time low.
MNK Lost in the last quarter but this is a stable company that expects revenue growth next year.
After a decline due to a bad report expect to rise to the first line of resistance, with the help of the shortlisters.
Overall beta 3 ratio, very high but with severe declines in the last year that are expected to be at least partially balanced
In addition to departing from a downward triangle trend line.
No recommendation for sale or purchase ...
BTCUSD 12000 - 11600 STLong-term: (Out of frame) Ascending wedge with three bullish pennants forming.
Mid-term : Rising trendline of the bullish pennant Extended , on its way to retest higher resistance as support.
Ranging in the pennant , flirting with 12000 , this top defines the second point of the peak resistance line as seen in the previous bull-flag.
This line ends on the Ascending wedge's support meeting with the low and high support line, and predicts the timing for the next outbreak.
Short-term: Retest support on the high resistance line 11600 - 11700 area.
Now that the pattern has met its outlines, a Mid-Term analyses will follow soon.
Price Snaps Out of SqueezeWe looked at this market recently and the very tight squeeze price had been forming.
Price has now aggressively snapped out of this squeeze higher into the longer term resistance.
This is an interesting market and a higher risk market to trade. There are far more gaps than the major Forex pairs and moves can at times be erratic.
If price can now rotate lower back into the near term support level it could provide intraday short-term long trades.
4 Hour Pin BarWe discussed this market in yesterday's ideas and how the recent price action squeeze had snapped higher.
Price attempted to breakout of the intraday resistance level, but once again moved back into the consolidation area.
This market is building a pretty clear range support and resistance where trades can be hunted on the smaller time frames such as the 1 hour chart and below.
Squeeze on Vocus ahead of resultsKeltner Channel withing Bollinger bands indicates share is being "Squeezed", with investors unsure which direction the stock is heading.
It is typical to expect a strong breakout (up or down) from a squeeze situation.
Stand or fall, state your peace tonight!I can't predict the future, unlike many of my fellow traders. However, I know a bad weather setup when I see one. Have a look/listen.
I don't like what I see. I see storm clouds gathering. I see delusional pumping of a market. I see a deep disconnect between reality and sentiment. I see momentum falling off.
But make no mistake - I do not underestimate the power of the FED to pump! The FED's so-called 'balance sheet' has gone wild and is set to go orbital, in a do-or-die attempt to save the economy. They have the power to print - and oh boy, they're gonna print! The balance sheet can easily head upward of $50 Trillion. This means the market could do a 100% retracement, from 23 March 2020.
Along the way people are gonna wake up to " What's the value of money? ". This could send Gold into orbit as well - but if the market crashes don't expect too much of Gold.
What's keeping this market up? FED cheap money for sure - and the FAANG stocks. That's about it.
Fundamentals are about reality. Sentiment and technical analysis are the fantasy (which we normally exploit). What happens when reality catches up with fantasy? PAIN!
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.