Stockstrading
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
Great buy opportunity with AMRN possible 40% returnAMRN has a consistent horizontal trend between price points $13 and $22. Currently valued at $16.31, AMRN has a great risk/reward opportunity with a possible return of over 40% in the next couple weeks.
Today’s Unstoppable Stock: EBSRebounded from its bottom several days ago, the stock price is currently traded above its bearish channel’s resistance. We could assume the trend is reversing and the stock price would start to rise again after it retouch its new support at around $45.84.
$BYND- It tastes good, but a short will taste WAY betterElliot wave seems to have been completed, and we've seen this stock get a lot of media attention recently.
I personally think Beyond Meat has been way too hyped up recently, and the company will likely do very well,
but the stock price needs a decent correction.
I will be targetting the .5-.618 fib as a zone to close my short, I may also be going long in this zone
depending on how the stock market looks in general.
In light of all of this I still think that impossible burgers taste great, my fat ass ate two of them
from Burger King last night.
LUV Great 5% ReturnLUV has been on a horizontal trend over the past year. Great buy opportunity as it has bounced off of a strong support line. Potential return is 4-5%.
OAS hits the support of channel a good long opportunityPriceline of OASIS PETROLEUM INC Stocks is moving withing a down channel and after 13 May it is hitting at support.
The RSI went in oversold zone.
Stochastic has given bull cross.
Volume profile is showing weak interest of traders here.
I have defined sell targets using Fibonacci sequence as below:
Sell between: 3.40 to 4.40
Regards,
Atif Akbar (moon333)
GE formed bullish shark a good long opportunityPriceline of GENERAL ELECTRIC CO (GE) Stocks has completed a bullish shark pattern and entered in potential reversal zone.
From here price aciton will take bullish divergence soon insha Allah.
I have defined targets using Fibonacci sequence as below:
Buy between: 9.33 to 8.94
Sell between: 9.67 to 10.42
Regards,
Atif Akbar (moon333)
Possible SIS ASX Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 - 3 weeks
Actions on -
A – Activating Event
Market will find support in zone @ Current Levels - .... and move to the 0.110 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.110
ASX:SIS
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.110
Target 2 @ ....
Risk/Reward @ 2.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
