Bull Flag&Breakout For Medtronic Plc Just Another Reason To LongMedtronic Plc has recently agreed to acquire all outstanding shares of spinal surgery device maker, Medicrea at €7.00/share, representing a 22% premium over Friday's closing price. This merger and acquisition has driven the share price to move up as well as giving the stock a promising future amidst the advent of second wave of the pandemic which most of the analysts foresee the economy to be worse than before.
Key Trading Plan:
Since the price has broken the trend line, wait for pull back to the support level of 94.67, and LONG the stock with the Take Profit Target of 104.88 (Key Resistance Level).
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TESLA INC. - Timeframe: 1H Technical analysisTRENDS
Court terme: STRONGLY BULLISH TECHNICAL INDICATORS: 50% BULLISH / 0% BEARISH / 50% NEUTRAL
MY OPINION: BULLISH ABOVE 800.51 USD
MY TARGETS
862.95 USD (+6.37%)
869.82 USD (+7.21%)
MY ANALYSIS
The bullish trend is currently very strong on TESLA INC.. As long as the price remains above the support at 800.51 USD, you could try to benefit from the boom. The first bullish objective is located at 862.95 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 869.82 USD as an objective. Crossing it would then enable buyers to target 917.42 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
FORCE : 7.7/10
Quotes:
The TESLA INC. rating is 811.29 USD. On the day, this instrument gained -0.99% and was traded between 785.00 USD and 824.00 USD over the period. The price is currently at +3.35% from its lowest and -1.54% from its highest.
Technical:
A technical analysis in 1H of this TESLA INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Indicators scanner detects a bullish signal on moving averages that could impact this trend.
Numerical data:
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators:
RSI (14): 58.02
MACD (12,26,9): 9.7500
Directional Movement: 2.62
AROON (14): 21.43
DEMA (21): 818.06
Parabolic SAR (0,02-0,02-0,2): 819.55
Elder Ray (13): 3.00
Super Trend (3,10): 781.02
Zig ZAG (10): 817.90
VORTEX (21): 1.0900
Stochastique (14,3,5): 81.60
TEMA (21): 821.64
Williams %R (14): -6.76
Chande Momentum Oscillator (20): 10.03
Repulse (5,40,3): 1.7600
ROCnROLL: 1
TRIX (15,9): 0.2100
Courbe Coppock: 5.70
Moving averages:
MA7: 775.62
MA20: 755.58
MA50: 633.22
MA100: 620.35
MAexp7: 812.49
MAexp20: 804.12
MAexp50: 787.18
MAexp100: 760.04
Price / MA7: +4.60%
Price / MA20: +7.37%
Price / MA50: +28.12%
Price / MA100: +30.78%
Price / MAexp7: -0.15%
Price / MAexp20: +0.89%
Price / MAexp50: +3.06%
Price / MAexp100: +6.74%
TUI AG stock strong sell-offTUI AG is was already in a clear downtrend providing us with short opportunities at monthly imbalance around 12 per share. As expected price sold off strongly from that imbalance and has ended up created another huge imbalance around 11.39 per share.
We do not need to pay attention to stock fundamental analysis when trading supply and demand imbalances. Of course we can read about the company’s profile and even the big news but that should not prevent you from taking a valid trade using a supply and demand imbalance stock strategy.
HSBC has downgraded its investment rating on TUI AG, does that mean anything? Well, not really if we are supply and demand traders. We already know that the monthly timeframe has a bearish bias and new supply imbalances are being created. We should not care what HSBC or any other analysts say about TUI Ag stock, it will not change the fact that we have new strong imbalances.