S&P500 possible short for 4010#S&P500 strong resistance area 4200. 1st May daily key reversal bar made a new high closed on the low indication for weakness ahead. 4155 ideal selling level. target 4010. stop loss above 4200.
Stockanalysis
$ACN Long with an H4 support level NYSE:ACN Long
NYSE:ACN is in a clear downtrend since the high in December 2021. We have a level of support at ~ 254.00 which often got confirmed. The plan should be to trade the support level with a limit order. The take profit isn't that far away because of the fact we are in a downtrend.
Limit Order: 257,28
Stop Loss: 252,20
Take Profit: 265,04
American Express ($APX): Elliott Waves Analysis and Sell SetupThe American Express ($AXP) Main Trend is absolutely bullish, therefore we currently consider all descents as simple corrective structures of the trend in play. But why am I saying that? Because when you decide to take a position not following the trend, the risk is high, so logic tells us to use a smaller size, at least initially (...there's always time to increase it!). Having said that, the strategy I want to share with you is very simple: "Try to take a short position on breakout" , with stop loss above the previous swing (don't look at the levels on the chart, they are only indicative at the moment). Of course, a second option (yellow arrow) is also possible, but to do this you would need to be a little more expert. The potential target areas are the first around 119.50 and the second around 106.50 (my favorite).
Looking at the chart above (daily time frame) we can see how the potential short trade also has a good Risk/Reward ratio, and this makes this trade interesting.
I also take the opportunity to thank every Trader who supported me in the last setups on Stocks Market:
$AMAZON BULLISH SETUP
(Click and Play on Chart below)
$TESLA BEARISH SETUP
(Click and Play on Chart below)
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
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MFC(MANULIFE FIN) Share , Canada NEOMFC(MANULIFE FIN) Share , Canada NEO Market is in good supply zone
but its better to wait for confirmation candle
Entry:26.90
SL:27.54
TP:19.64
RR: 1:11
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#SCM(STEADRIGHT CRITICAL MINERALS INC.) Long#SCM(STEADRIGHT CRITICAL MINERALS INC.) is in demand zone
Entry:0.100
SL:0.080
TP1:0.285 (187%)
TP2:0.405(300%)
Have Fun and support by share and comment
#TCF (TRILLION ENERGY INTERNATIONAL INC.)TCF share is in demand zone
Look Here as I Draw Arrow
Entry:0.350
Sl:0.310
Target: 0.65 means 88%
Never Say Die Stock - "Data Patterns"Data Patterns is a vertically integrated defense and aerospace electronics solutions
provider catering to the indigenously developed defense products industry. The
company has proven in-house design & development capabilities and experience of
more than three decades in the defense and aerospace electronics space. They have clients like ISRO, DRDO & HAL etc. Reserves to Borrowing ratio is also attractive.
Source - Screener.in.
If it crosses 1440 level, it may give us a new high. This is a study purpose chart & NOT a By call or recommendation!
New move can be there after trapping long in trent Long position trapped after false breakout now if stock breaks 1272 than stock might face a minor support near 1263 after that a target of 1245 can be seen but if stock breaks the range above 1288 than short target of 1306 can achieved
Godrej consumer consolidation in intradayMarket sentiment are very nagetive stock traded in a range for the day if breakdown below 918 than targets of 902 can be seen and if stock breakout above 927 a quick target of 935 can be achieved but markets are very nagetive therefore short target should be made
TATA Power Analysis (1W)TATA Power stock is at very Crucial Level If the stock Break the Support We will see a good fall in Future or if take support we will see a good up side move as well.
So keep Eye on this stock As well as for value investing
Is "Tarmat" ready for a new High?Since its rejection last year, Tarmat has been trying to move up! Now if it crosses barrier of INR 90, it may reach a new high!
JBM Auto - Good setup even in falling market conditionLooks good to as stock is holding strength even in falling market
ALCOA ($AA) Elliott Waves Technical AnalysisFrom a technical point of view, Alcoa still has an interesting technical structure in play in the medium term. As we can see on weekly chart, the pullback triggered from the last Top reached an important support area around $33 and from here, the market has developed a nice reaction, at the same time however, we need to destroy the important resistance area around $59/$64 to confirm wave 3. If this happens, $AA should be able to trigger a new Top in the medium term. Of course, this setup is not as simple as the last one we shared and published a few years ago (see chart below), but at the same time it could be an interesting trading opportunity, especially if we are able to follow it on small time frame ( daily or intraday chart). Technically speaking, we may have much more information after the next opening bell...
OUR LAST SETUP ABOUT ALCOA
(Click & Play, play, play and play on chart below)
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
ECL -- want to fly for few $ you want to fly with ECL?looking daily SMA looks like bearish trend and target 163.2
Target price for DABUR India Limitd | Daily | Long analysisHello, today we will be looking at NSE:DABUR
1. This stock has been mostly trending upwards in the long-term.
2. You can see the support level by looking at the daily candles , which the stock has touched every time and bounced back up.
3. However, this time the support level may be broken temporarily, with the stock going down before rising again.
4. Keep in mind the risks involved and trade carefully.
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market"
#BEL AnalysisStock is maintaining its supportive trendline since long time in weekly TF, watch chart for support and target,
ZIM: NEUTRAL with one Eye on China.During the last part of the year already passed, we saw a downward trend of this stock.
Many factors can associate with this downward trend, such as the decrease in demand for the transport of goods between Europe, USA, and China, and the news of the coming recession had led to the bear trend of this stock and its fall. Now the interest on this stock seems to be reducing and the movement of the price is no longer the same as before. We can see from the body of the candles, that is starting to be small, and the drop in the price is no longer intense as before.
Now the price is pressed in the area between the levels 18.68 and 16.64, which is in the phase of accumulation that can lead to a new trend, which is not possible to determine.
From my side the last level that the price can hit before the uptrend is 11.94, however, good attention to the news from the government of Beijing can be determined the future of transportation in the coming months and not only that.
IMO - double top patternWhat we can see on the chart is a double top pattern.
We expect that the price is going to move downwards, once it broke below the neckline you can enter short with a sell limit order.
Do not forget to put a stop loss above the double top to protect your capital.
CRM Salesforce.com: Bigger Drop ComingHello friends, today I am completing a technical analysis on the 1M linear scale chart for Salesforce.com ( CRM ), traded on the NYSE.
#CryptoPickk notes the following:
1) Salesforce.com price has been falling month over month, down about 20% from it's all time high price.
2) The price has been supported by a multi-year arc line (in red color). In the past year, the price was supported by a rising trendline (in yellow color), however it broke that support and has potential to fall further.
3) Historically the price has had very large swings as shown in the chart.
4) Based on a Fibonacci Retracement, the price has the potential to touch the 0.236 level around $160-$165, which is also where the price can touch the multi-year arc line. This would be about a 48% drop from the all time high price.
5) There is also a multi-year Bearish Divergence which formed that is also a major reason why a further price drop may be coming. You can see the price has formed HIGH HIGH and RSI and Stoch RSI has formed LOWER HIGH.
6) Keep an eye on the RSI (relative strength index) as it has touched the 49-50 level historically before seeing a bounce. This may be a place to potentially start dollar cost averaging in.
7) This isn't the first time the price has potential to see a sizable drop as it has shown historically that it drops and then recovers.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Robinhood HOOD 1W ChartToday you can review the technical analysis idea on a 1W linear scale chart for Robinhood Markets, Inc (HOOD).
Robinhood price has broken out of an ascending triangle and re-tested the resistance heading lower. Measured move could bring the price down to $6. It is a weekly chart so it may take some time to get there.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
RACE- Ferrari N.VI analyzed the Ferrari symbol in the stock market.
Follow me, like, comment, and ask questions.
For the Long-term time frame, there is still an upward trend.
However, the price in the mid-term time frame is corrected in a wedge.
So it can find an entry zone to buy after the end of the correction.
Observe the money management and the stop loss.
Is TSLA setting the tone!Bulls found some sort of solidarity in the FEDs minutes today. And showed it with a strong stance by buyers closing the day with strength and displaying the majority will of todays retailers. And their desire to reap profit from this shopping season .
We need to consider that the big institutions where not actively trading today. And yet Volume on some stocks did not decline by much.
Question can this be a definitive stance?
Or a retest of resistances in $184 and $187 since we are still in a macro Bear trend.
Bear will attempt a stance at $183 but if a Daily open is above this price they will not be able to hold and I would be looking for $187 and $190 for next targets.
A rejection of $183 will be decided between $181 and $180 with potential selloff if Buyers are unable to keep price above $180
S&P500 - The Maker Of Kings (and bull runs) 👑After one of the biggest rallies since 2020, we take a look at the SP500 Daily chart.
We've thrown on our US equity gap & stock market breadth indicator to show some potential price targets.
It’s looking like we might be after the 4100 gap before falling to the 3400 gap.
The breadth indicator buying (bottom indicator in screenshot) hit numbers similar to 2020 during Covid crash/rebound. Which could drive us back up to 4100 IF the bulls keep showing up like they did today. 🐂
If 4100 is on the way first, then the bears need to come back in hard to drive to new lows.
Until Fed comes in to save the day & money printers are engaged, I don’t think we’ve seen the worst of it.
Right now they’re still slow controlling the bear market. Still waiting for an “event” or “oh boy moment” to pull the rug.
We shall see. Stay safe & eyes peeled!
-TucciNomics
Chief Overlord, AlgoBuddy
