PMMP: Breakout With Volume Spike,Sign of Optimism in the Market?Hello Fellow Stock Global Trader/Investor!
Price Action Analysis
PMMP has broken out of the bearish channeling pattern. The breakout accompanies by the Volume Spike and Bullish Marubozu Candlestick. The MACD Indicator made a death cross, signifying a possible upside movement to the target area.
Fundamental Drives
1. Indonesia Ended the Covid Restrictive Policy on December 2022
2. Indonesia's economy advanced by 5.72% YoY in Q3 of 2022, indicating a recovery from the pre-pandemic era.
3. PMMP Target a 25% Revenue Growth By the End of 2023.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the PMMP"
Stockmarketanalysis
SPY: Still bearish to 351There is no change to our previous calls on the stock market or Bitcoin. The SPY is breaking down to 351 from its rising wedge on declining volume(yellow). We had a nice spike in sell volume on the breakdown confirming the move for me. We are now in a symmetrical triangle on declining volume(red) getting ready to breakdown to 361 and eventually our 351 target. It may take a couple of weeks to play out but this is my primary perspective. If anything changes or becomes invalidated, I will let you know! I am out of the country and make a video when I get back! I hope you all had a happy new year :)
Buying NOG at trend of higher lows.NORTHERN OIL AND GAS - 30d expiry - We look to Buy at 26.36 (stop at 24.95)
Daily signals are bullish.
The trend of higher lows is located at 26.00.
Bespoke support is located at 26.50.
We look for a temporary move lower.
We look to buy dips.
This stock has seen good sales growth.
Our profit targets will be 29.88 and 30.88
Resistance: 32.00 / 33.00 / 34.00
Support: 29.45 / 27.60 / 26.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
AAPL: Reversal Pattern, Starting Point of Bearish Trend to $100?Hello Fellow Stock Global Trader/Investor!
Chart Perspective
AAPL has broken out of the substantial support/neckline area. The breakout of the Double Top Pattern could indicate a possible trend reversal. Furthermore, The Trend is moving below the EMA 200 Line, confirming a bearish trend. The MACD Indicator made a death cross, signifying a potential downside movement to the target area.
Fundamental Drives
1. The Easing Covid Policy in China could help spur global economic growth but would also add further inflation to the global economy.
2. The Prolong High Inflation Environment Rate would force the central bank to increase interest rates even further.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AAPL"
Fading into Consol primary trend.Consol Energy - 30d expiry - We look to Buy at 58.22 (stop at 54.91)
Levels below 58 continue to attract buyers.
The primary trend remains bullish.
There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 57.52.
We look for a temporary move lower.
Short term momentum is bearish.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
This stock has seen good sales growth.
Our profit targets will be 66.48 and 68.48
Resistance: 65.00 / 68.00 / 70.20
Support: 60.20 / 58.60 / 57.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
WWE - rising channel What we can see on the chart is a strong resistance and a support level that have been tested multiple times before. The lines are forming an upwards channel. The price hit the resistance, so we are expecting that the price will go down.
The stochastic was overbought the previous days, now it is pointing downwards.
How to trade:
Enter the short position only when/if the price breaks down out of the rising channel. Do not forget the stop loss to protect your capital.
Nifty 50 Index fell below major zones The nifty 50 Index fell three consecutive sessions, falling below the 18342 support line around the rising wedge and 18036 critical support zone in Friday's session, as indicated in the price chart. 18036 crucial area is a level to watch, as demonstrated in the past, where it served as support and resistance since October 2021. Bulls will need to reclaim 18036 to re-visit 18342. History could repeat itself if the price fails to hold above 18036
#stockmarket #nifty50 #fundmanagement #technicalanalysis #financialmarkets #financialservices #banking #portfoliomanagement #portfoliomanager #accountmanager #capitalmarkets
Ford: Strong Possibility for a Bounce!Here we are looking at Ford on the daily TF.
As shown on the chart, we are analyzing two supports (which have confluence with one another) which both connect to our downwards sloping resistance (yellow).
It’s important to note that both support lines were previously resistance, but have both served as strong support since Fords breakout (to the upside) in January of 2021.
Currently, Ford finds itself testing support (blue circle). We expect for these two support lines to act as strong support, though we’re ready for a breakdown if it can’t hold.
We will continue to monitor price action, and will follow up on this post when there’s either a bounce or breakdown.
Do you think Ford will hold its supports?
Cheers!
AMAZON: Testing COVID Crash Lows... What next?Here we are looking at AMZN on the daily TF.
As marked on the charts, we are currently testing the lows made during the COVID crash back in 2020.
While we can’t rule out a breakdown through this current support (bottom green line), we are expecting a technical bounce in the short term off this level.
If AMZN does bounce, we will look for it to move towards resistance (top green line), which has acted as strong resistance in the past (2019-2020).
What do you think will happen? Let me know in the comments!
Cheers!
Selling AGS at break of recent low.Ageas - 30d expiry - We look to Sell a break of 40.19 (stop at 41.42)
The primary trend remains bearish.
We are trading at overbought extremes.
A break of the recent low at 40.28 should result in a further move lower.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Our profit targets will be 37.11 and 36.51
Resistance: 42.65 / 43.40 / 44.60
Support: 41.60 / 40.30 / 39.20
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash.
* US New Residential Construction saw Building Permits for November down 11.2% from October to 1,342,000 and November Housing Starts down 0.5% from October to 1,427,000 . These numbers are reflective of an economy preparing for weakening demand as we head into 2023. US November Consumer Confidence spiked from 101.4 in November to 108.3 in December following two consecutive months of decline . This number is likely reflective of a lower CPI in November paired with expectations of continued lower inflation in 2023. Nike beat on both top and bottom 2023 Q2 estimates with its second best quarter of revenue growth in the past 10+ years , this is likely due to Black Friday sales and holiday shopping but is also reflective of a still strong US consumer. It was confirmed today by US Secretary of State Antony Blinken that the first transfer of the Patriot Air Defense System will be included in the most recent $1.85b aid package that the US will provide to Ukraine . Ukraine President Zelenskyy has also landed in the USA to meet with President Biden and deliver a speech to a joint session in Congress later tonight. Russia has previously declared that any Patriot Missiles supplied to Ukraine would immediately become legitimate targets of their armed forces attack .
US Equities, US Equity Futures, Energy, Agriculture, DXY, HSI and N100 are up. Cryptos are mixed. Metals, GBPUSD, EURUSD, JPYUSD, CNYUSD, NI225, VIX and US Treasurys are down.
Key Upcoming Dates: US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. *
Price is currently testing the 50MA at $3875 as resistance. Volume is currently Low (high) and on track to favor buyers for a second consecutive session. Parabolic SAR flips bullish at $4045, this margin is neutral at the moment. RSI is currently testing the uptrend line from January 2022 at 46.5 as resistance. Stochastic crossed over bullish in today's session after retesting max bottom and is currently trending up at 11, the next resistance is at 17. MACD remains bearish and is currently testing -11.45 support. ADX is currently trending down at 13.6 as Price is attempting to defend support at the 50MA, this is mildly bearish at the moment.
If Price is to reclaim support of the 50MA it will have to close above $3875 as well as recapture support at $3913 minor support . However, if Price is rejected here at the 50MA, it will likely aim to retest the lower trendline of the descending channel from July 2021 at ~$3710 as support . Mental Stop Loss: (one close below) $3810.
MT to break higher?ArcelorMittal - 30d expiry - We look to Buy a break of 26.51 (stop at 25.56)
Daily signals are bullish.
26.47 has been pivotal.
Our short term bias remains positive.
The bias is to break to the upside.
There is no clear indication that the upward move is coming to an end.
We are trading within a Bullish Ascending Triangle formation.
Our profit targets will be 28.88 and 29.38
Resistance: 26.50 / 27.00 / 28.00
Support: 25.50 / 25.10 / 24.42
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
AGN to break downward?Aegon - Intraday - We look to Sell a break of 4.578 (stop at 4.757)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The primary trend remains bearish.
Trading within a Corrective Channel formation.
A break of the recent low at 4.585 should result in a further move lower.
Trading has been mixed and volatile.
Bearish divergence is expected to cap gains.
Our profit targets will be 4.131 and 4.031
Resistance: 4.750 / 4.800 / 4.900
Support: 4.600 / 4.450 / 4.300
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
MRNA being a good market sell?Moderna - 30d expiry - We look to Sell at 186.88 (stop at 198.38)
Price action continued to range between key support & resistance (120 - 190) and we expect this to continue.
Daily signals are mildly bearish.
Posted a Double Top formation.
An Evening Doji Star formation has been posted at the high.
We look for a temporary move higher.
Offers ample risk/reward to sell at the market.
Our profit targets will be 158.11 and 150.11
Resistance: 190.00 / 197.44 / 210.00
Support: 180.00 / 170.00 / 160.00
Daily chart
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Lufthansa to stop flying?Lufthansa - 30d expiry - We look to Sell a break of 7.088 (stop at 7.422)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains. The primary trend remains bearish.
Price action has posted a Doji candle and signals a possible reversal of the recent trend.
A higher correction is expected.
A break of the recent low at 7.127 should result in a further move lower.
Our profit targets will be 6.253 and 6.053
Resistance: 7.250 / 7.420 / 7.500
Support: 7.200 / 7.000 / 6.800
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Koninklike in a range.Koninklike Ahold Delhaize - 30d expiry - We look to Buy at 27.14 (stop at 26.59)
Price action continued to range between key support & resistance (27.00 - 28.40) and we expect this to continue.
27.05 has been pivotal.
26.84 has been pivotal.
Daily signals are mildly bullish.
The primary trend remains bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 28.49 and 28.99
Resistance: 28.50 / 28.80 / 29.50
Support: 27.10 / 26.80 / 26.50
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Fading into FCEL bear flag.FuelCell Energy - 30d expiry - We look to Sell a break of 2.79 (stop at 3.01)
The primary trend remains bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
A break of the recent low at 2.86 should result in a further move lower.
Our outlook is bearish.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 2.24 and 2.14
Resistance: 3.25 / 3.40 / 3.80
Support: 3.00 / 2.77 / 2.50
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.