$NKE | Allocation | Market Exec & Buy Limit |Technical Confluences:
- Price action is at the 61% Retracement for Recent Lows to Highs and the beginning of Nike's time (Strong Support)
- Price action is also at a Demand Zone
- Stochastics is at Oversold levels on the Weekly & Monthly TF
Fundamental Confluences:
- Regardless of weak Earnings and Forward Projections, Nike is still considered as a market leader in various aspects (Fashion, Fitness, Sports, Status etc.); brand loyalty will be retained at least for the next few years
- Who doesn't love Nike; aside from Adidas?
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NYSE:NKE is the next in my basket of portfolio. Allocating the first 20% of single-stock into my Long-Term portfolio.
The Nike brand will not die off that easily. Definitely, a value buy; for me.
Remember, DYOR.
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Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Stochastic-oversold
AUDUSD | MT Long H4 | Middle of Parallel ChannelPair: FX:AUDUSD
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames
- Price action is now at the middle of a parallel channel
- Price is at 61.8% Fib Extension Level
- Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone.
Fundamental Confluences for Trade:
- Higher commodity prices is a positive for Australia economy
- Further war escalation from the Israel-Iran tension may bring on risk-off moves and affect this trade
Suggested Trade:
Entry @ Area of Interest 0.6390 - 0.6415
SL @ 0.6351
TP 1 @ 0.6448 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.6516
Risk-to-Reward @ Approx. 2.09 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
CROUSD - Oversold - Small PumpOn the 1h timeframe chart of Cronos (CROSUSD), we can see that the price is oversold.
The indicators used are the Bollinger Bands, Relative Strength Index and Stochastics. All three indicators are identifying the same oversold condition.
The price is approaching a support zone. Previously this support zone was strong resistance. So it's likely that the price is going to be supported. In combination with the oversold condition, it's a double confirmation for the price to increase.
All further details are shown on the chart.
Goodluck!
DOGE - Oversold - Small bounce possibleOn the DOGEUSD chart (1h timeframe), we can see the price is currently oversold. The price is reaching a support area. Once the price has entered the support area it's likely for the price to bounce back up.
All three indicators used are Bollinger Bands, RSI, and Stochastic. All three indicators confirm the oversold condition.
All further details are shown on the chart.
Good luck!
TRXUSD - Oversold - Small bounceOn the chart, we can see TRXUSD is currently oversold.
This oversold condition is suggesting that the price will bounce up. This is a short-term setup and the profits could be taken at the target. The three indicators used are Bollinger Bands , RSI and Stochastic .
See all further details on the chart.
Goodluck!
BTC Swing analyzehello friends.
hope u are good.
you can see in my chart that maybe we are in 4th wave
and we can grow till 50% retracement level (or maybe 38.2 or 61.8)
and after that we can fall.
also we can see the RSI trendline breaked up and it can be the buy signal.
we see a divergence between RSI and price that i show it in my chart with
orange circles.
we see the stoch momentum in oversold area.
hope u enjoy my analyze.if you like it plz support me.thanks
(this is not trading advise and you must trade in your own starategy friends.)
So You Also Trade USDTRY? Buy Now!Not a lot of people trade USDTRY. If you are one of them, maybe you want to consider long positions. I am long on this pair.
Price failed to break below major support and my fav indicator, stochastic is turning bullish
Long positions at market this morning
Stop: 14.5414
VBLT RETEST THE 34 EMA??Possible 34 EMA bounce, entry $2.33 with volume and Stochastic reversal
- *Buy the dip* on an uptrending stock-
Here we have an interesting stock that IS looking to retest the 34 EMA. If that happens, and it runs north, this should bode well for a nice bullish move! Knowledge says to buy the dip on an uptrending stock; consolidation is our friend, and a 34 EMA retest is our confirmation of the move. Bull volume is key; volume is the support needed to uphold price movement.
Price here could get squeezed between the 8 EMA and the 34 EMA, so it may take a little more time to pop the movement.
Another key point to make is the Stochastic is in an oversold condition, almost to the bottom of the range, indicating it's discount time for Vascular Biogenics.
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
The Different Ways To Trade The StochasticsCryptohopper Newsletter
The market has been very volatile over the past month with Bitcoin crashing 65% to 3,800$ . The price has since made an astonishing 80% recovery in one week from March 13th until the 20th. Following the recovery to almost 7,000$; the price has continued to range between 6,900$ and 5,600$. During the crash, many traders have attempted to buy the dip, just to see it dip even lower. Today we will explore how you could mitigate this risk by using stochastics with region crossover.
Without further due, let’s get into how you could have traded this past month by using the normal stochastics and the stochastics with region crossovers.
Different stochastic strategies
There are many different ways to use stochastics. Today we will explore 2 of them, along with their advantages and disadvantages:
Stochastics oversold: This strategy involves getting into a position when the stochastics drop below 20.
This strategy works better when the broader trend is in your favor, as it is expected for the price drops to be shortlived and to continue moving higher. The advantage of this is that you will be getting in at the lower prices in an uptrend.
This strategy can be very dangerous during a market crash though, or when the price is bearish in general as you will be getting in the trade, while the price will continue to drop further . This can be seen very well in the first three trades where the price continued to drop lower even though the stochastics were already oversold.
Stochastics with region crossover: This strategy involves getting into a position once the value of the asset in question rises again above 20.
This strategy can work very well in a downtrend but also in an uptrend depending on the severity of the pullback. In a downtrend, this strategy increases the probability that you are entering the trade only when the momentum is back in your favor. This can be seen by the first three entries in the graph where the buy point was 7%, 8%, and 16% lower than with the oversold strategy
In an uptrend, if the pullback is very large then this strategy will again ensure that the price will not continue [/b its descent once you enter. However, if the pullbacks are not very severe, then you will enter at a worse price point.
Overall the stochastics with region crossovers is more conservative and can lead to higher profits when the markets are volatile, as it is the case right now. Join us at Cryptohopper, where you can automate both of these strategies along with many others!
GBPUSD (H4): Gartley Pattern FormationGBPUSD
Timeframe: 1D
Direction: Long
Confluences for Trade:
- Gartley Pattern Formation almost completed
- Stochastic Oversold momentum in both (H4 and 1D)
- Gap between 8EMA and 50EMA is quite wide, should narrow back
- Fundamentally, despite Brexit uncertainty, there was a glimpse of positivity that the Tories want to stand behind Theresa May and get through this.
Suggested Trade:
Entry @ Area of Interest 1.2830 - 1.2930
SL: 1.2969
TP: 1.3111
RR: Approx. 1.97 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
(SWING)Good 1-2-3 pattern to continue a bullish bias. Expecting to break the resistance level but maybe too extended to break now. Looking for a small pullback or flag to work off the overbought stochastic.