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AL3:ASX - AML3D - 3D Metal Printer - Up 320% since debutAL3 was pointed out to me by @zbfairlane here on TV. Company looks interesting. I would imagine the ability to be able to 3D print metal is definitely something we are going to see more and more of as opposed to the traditional making a cast and pouring, welding and shaping. If its anything like household 3D printing it should allow for some complex shapes and approaches in industrial design and manufacturing we perhaps haven't seen before. Had a big 10% pullback today on no news so could be a good entry area if interested. Worth a watch.
ASX:AL3Long
by zAngus
Tesla (TSLA) - selling/stop-loss priceThis is an idea about when to sell Tesla shares following on from the split and subsequent price fluctuation. --- Summary - TL/DR: For a trading position taken near the recent trough in price (around $329 on 08 September 2020), $427 is a balanced exit price, based on recent trend lines , that reasonably protects profits and avoids a potential bear trap driven by price fluctuations. --- With the price having dipped following on from the stock split (and possibly SoftBank induced market moving trades) but now having regained some of its value, this might be a good time to exit a position for those thinking of taking profit. This is also perhaps an opportune time for some profit protecting stop-loss implementation. For the record, before we go any further, I am overall optimistic on Tesla performance (car and share price) and I think in the long term this stock has value. However, some people (myself included) might be thinking about protecting profits and setting stop losses based on recent price volatility . Note: 1, 2 and 3 refer to Trend Lines 1 (green), 2 (blue) and 3 (yellow). The idea behind this exit price is that the entry price was near the recent trough of around 08 September 2020. 1 shows that generally the Tesla share price has followed the support trend line and analysis based on trend lines generally have merit for this stock. This is evidenced in particular by how the price bounced upwards around this trend line on 08 September, the most recent price trough. However, for those that have purchased recently, using this support line as an indicator for selling or setting a stop loss would not work because the entry price would be higher than the support line. Thus a trend line following the price closer to what it currently is is needed. Drawing a trend line , 2, from the most recent trough (early September) would be better but would mean surrendering a lot of profit due to the line's angle if a selling price was based on this trend line . It would be better to have a trend line that more closely aligns to the current price, which leads to 3. As the recent two daily sessions have shown, the price is starting to move sideways and is generally starting to form a flag pattern . Although it's too early to say if this is a wedge or a rising / falling flag, the previous two sessions are enough to set a trend line tighter to the recent price, i.e. 3. Using this trend line , the support price for the next few day would be around $441. Using a 3% penetration level for confirmation of movement below the support level and to avoid a bear trap (a penetration level of 5% combined with a 3 day filter to account better for Tesla's volatility might also work, however has a higher risk of reducing profit substantially if the price declines dramatically as Tesla's is prone to sometimes doing) gives us a price of $427. Which is what I think is a good price for a balanced exit strategy/stop-loss particularly if the entry price was near the recent trough of 08 September 2020.
NASDAQ:TSLA
by slip_stream
1
Tesla (TSLA) exit / stop-loss priceThis is an idea about when to sell Tesla shares following on from the split and subsequent price fluctuation. --- Summary - TL/DR: For a trading position taken near the recent trough in price (around $329 on 08 September 2020), $427 is a balanced exit price, based on recent trend lines, that reasonably protects profits and avoids a potential bear trap driven by price fluctuations. --- With the price having dipped following on from the stock split (and possibly SoftBank induced market moving trades) but now having regained some of its value, this might be a good time to exit a position for those thinking of taking profit. This is also perhaps an opportune time for some profit protecting stop-loss implementation. For the record, before we go any further, I am overall optimistic on Tesla performance (car and share price) and I think in the long term this stock has value. However, some people (myself included) might be thinking about protecting profits and setting stop losses based on recent price volatility . Note: 1, 2 and 3 refer to Trend Lines 1 (green), 2 (blue) and 3 (yellow). The idea behind this exit price is that the entry price was near the recent trough of around 08 September 2020. 1 shows that generally the Tesla share price has followed the support trend line and analysis based on trend lines generally have merit for this stock. This is evidenced in particular by how the price bounced upwards around this trend line on 08 September, the most recent price trough. However, for those that have purchased recently, using this support line as an indicator for selling or setting a stop loss would not work because the entry price would be higher than the support line. Thus a trend line following the price closer to what it currently is is needed. Drawing a trend line, 2, from the most recent trough (early September) would be better but would mean surrendering a lot of profit due to the line's angle if a selling price was based on this trend line. It would be better to have a trend line that more closely aligns to the current price, which leads to 3. As the recent two daily sessions have shown, the price is starting to move sideways and is generally starting to form a flag pattern . Although it's too early to say if this is a wedge or a rising / falling flag, the previous two sessions are enough to set a trend line tighter to the recent price, i.e. 3. Using this trend line , the support price for the next few day would be around $441. Using a 3% penetration level for confirmation of movement below the support level and to avoid a bear trap (a penetration level of 5% combined with a 3 day filter to account better for Tesla's volatility might also work, however has a higher risk of reducing profit substantially if the price declines dramatically as Tesla's is prone to sometimes doing) gives us a price of $427. Which is what I think is a good price for a balanced exit strategy/stop-loss particularly if the entry price was near the recent trough of 08 September 2020.
NASDAQ:TSLA
by slip_stream
DJI: A nice little find - parallel channelIt doesn't matter what time frame you find stuff. Just share. That's what I do, so others can benefit (if they manage their losses properly). The 15 min channel is so curious. The obvious questions that will pop into minds are like: 1 - is that for real? 2 - how far will it go? It is real - if you see it. How far - nobody knows! Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
Three Drives Harmonic Chart PatternThe three drivers chart pattern is a well known harmonic chart pattern that acts as a trend reversal. The pattern consists of either three higher highs or lower lows which is an indication of a potential trend reversal. There are two different types of three drives pattern: Bullish Bearish Bullish Three Drives Pattern There are three different waves in the pattern as the name suggests, three drives. With the subsequent drives, there are lower lows that are being formulated in the pattern with three different bottoms. Once the third wave is completed and the low point has been observed, a buy signal can be created with formulating the Fibonacci levels and generating the buy signal with a Fibonacci extension of 1.27 or 1.628. For the stop-loss and take profit levels, you can formulate a new Fibonacci level with the start and end of the pattern and keep 161.8% as the stop-loss level and 61.8% as the take profit level. The important point that confirms the drives is a similar time period between the uptrend after the 1st wave and 2nd wave also a similar time period between the 2nd wane and 3rd wave for the downtrend. The bearish three drives pattern is completely opposite of the bullish three dives pattern and can be spotted in a similar manner. The three drives pattern belongs to the family of harmonic patterns and thus makes use of not just chart patterns but also technical retracement levels to validate the pattern. A three-drive pattern that does not meet the retracement criteria can be discarded. The pattern is therefore qualitative as well as quantitative in nature. ---------------------------------------------------------------------------------------- If you find the post useful, please like and share our ideas with the community! - Mudrex
COINBASE:BTCUSDEducation
by Mudrex
5
NZDCAD(1D) - rare optimal opporunityNZDCAD(1D) rarely shows a very-sharp ATR switch. There are some interesting features in the price action which create probabilities for the south at this particular time. I've labelled this a potential short (note disclaimers below). If you short this, you have to be prepared to lose your stop-loss. I do not give advice - so nothing on stop-loss. If the bull rebellion is crushed to the south, I do not know how far price may move south. This could be a long term trade, designed only for traders who can wait many days for it to unfold. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
Short
by Captain_Walker
4