$XOM short into the year end$XOM is rejected by the recent high again as the Oil is rejected from 58 again. Look for the short trades targeting 69
Stockstrading
Inverted H&S in Rite AidNice inverted H&S is being formed in NYSE:RAD . Breakout through neckline was supported by the volume, and ideal target is around 19-20$ for a very solid return.
Are you sell Mastercard ?Hello, Traders!
Monfex is at your service and today we overview Mastercard .
The company has recently processed 28.2 billion transactions, which in dollar terms is about $ 1.7 trillion . And this is 22% more than a year earlier.
MasterCard says the number of transactions has grown thanks to the new click-to-pay payment technology. It allows you to make a purchase on the Internet in a couple of clicks.
Cyber-Monday (December 3) and Black-Friday are coming soon.
The predicted percentage of online sales is about 20%.
And the Mastercard does not belong to a small piece of this pie.
The price is very similar to moving in July-December 2018. There is also bearish divergence on RSI.
A good sign for continuation of growth will be a breakdown of a key resistance level.
If the price nevertheless will bounces down from the local zone of resistance, then MA200 can be taken as the target.
The resistance zone ~ $284
The local resistance zone ~ $280
Market Cap
281.185B
Share your thoughts, ideas about the market under the chart.
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GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Should I sell off my stocks?Should I be selling off my shares? Well the official reply to that is you have to decide that yourself as market analysis, we analyse and spot potential reversal zone.
0183 is a relatively new stock data only start from 16May2016 not much can read off from this.
The 2 potential prices to look into after the market cross the psychological level of $1.00 will be $1.085 but a more important key level will be $1.265.
At these resistance(upper restraint) level are potential "sell-off". In my trading decision, I look into the "think like other traders", if people are exiting the market what are the price they are looking at?
Psychological Level will be $1.000, if the weekly candle break and close above $1.000 I will have no concent until price touches $1.085 as it forms structure restrain, breaking and closing above I will be looking to exit at $1.265, a price that I expect huge market movement.
Great Dip Buy opportunity on INFY for 10%+ ReturnINFY has reached a 1 year low and a strong support line. Great time to buy INFY for an easy 10%+ return
Great 5%+ Return Trade on IBMIBM is a very reputable company with an easy 5% return trade. Great swing trade buy for the next couple weeks for an easy 5%+ return
$AAPL huge flag and a rising wedgeAPPL has made a long-term flag and a rising wedge on the touch of a new high. If we get a significant rejection from here, which we might we could see a huge pullback along with a broader market correction.
$SBUX Daily chart$SBUX Daily chart. Secundary uptrend line was broke and is now acting as resistance while 0,61fib is acting as support.
Snap Chat SNAP stock analysis and forecast. Short opportunitiesShort opportunities are being created on Snap Chat SNAP stock.
New weekly supply is being created on Snap Chat on the weekly timeframe around $16 per share. The stock has been doing nothing for a few weeks and it's now dropping strongly creating new weekly supply imbalance and lower timeframe imbalances. No longs are allowed. Price action and supply and demand
Weekly price action analysis is telling us than bearish impulses are stronger than bullish impulse so it would be suicidal to open short positions on Snap Chat stop. As per the supply and demand analysis, only shorts are possible, that is, selling the stock or use stock options to trade all the way down as there is a lot of room for price to drop with no important obstacles.
NETFLIX NFLX stock long bias from weekly demand imbalanceYou don't really need a university career on economics to learn how to trade stocks like Netflix NFLX, you don't need to buy dozen of books on trading strategies, economics and fundamental analysis on how well a certain company has performed in the last quarter or in the last year. You can learn how to trade stocks like Netflix NFLX by simply locating the imbalances created in the underlying stock.
Since you won't be needing any Phd on economics, learning how to trade stocks using the supply and demand imbalances by professional traders will make it easier for you if you are new to trading, trading stocks for dummies we could call it.
We have a clear example of a strong imbalance of demand on NetFlix NFLX american stock. This particular stock has been dropping for weeks since it reached the $370 per share price level. There were opportunities to sell NetFlix stock when it was up there but now that price has reached a very strong demand imbalance on the weekly timeframe around $256, if you every sold NetFlix up there or on the way down, it's time to close your trade and take profit because we are expecting price to rally much higher as a reaction to that strong demand level on NetFlix weekly imbalance.
Let's hope price rallies much higher on NetFlix, similar imbalances have been created on many other american stocks. NetFlix forecast together with other american stocks are bullish and are creating very strong demand levels and even breaking all time highs over and over.
PBCT Potential Long 5th Wave move on 60min Time rameUsing the www.tradethefifth.com Elliott Wave Indicator Suite for TradingView we have fond a potential Long 5th Wave Move on PBCT.
Video explainsall the tools in the indicator suite that we use to measure the performance of the Wave 4 and hence probability of the 5th wave move. If any of there rules, indicators are broken,we cancel the order.
Find out more about our Elliott Wave Indicator Suite for TradingView by watching the video tour >>HERE<<
Potential Long 5th Wave on AEM, Daily Time FrameUsing our New Elliott Wave Indicator Suite , we are looking at a potential Long 5th Wave move on AEM. Entry will be through $60 and our Automated Target Zone is showing a Target price around $67.50. Risk to Reward is good and so looking to rejoin the overall and strong main Bullish trend
$FDX near the absolute downside break A break below the 149.50 is opening a wild ride into the 80-90 zone for FDX. You can sell it with the stop loss just above 155.60 level.
Part 1: Screening highest quality stocks to trade 1) EPS growth rates for F1 & F2
2) Declining P/E
3) Strong liquidity on the balancesheet
4) Does the industry line up with the macro environment?
5) Adequate cash flow
