Swingtrader
USD/HKD ShortPrice has returned to a previously broken key level, 7.7700 which is now acting as resistance.
Friday closed the week with a bearish engulfing candle on the daily T/F signifying the presence of sellers in the market.
Last time price visited this zone was in April and we saw strong rejection to the downside.
If sellers remain in control we can expect that the market may drop lower to the 7.75500 zone creating new lows.
SUNTV - Bullish H&S pattern - Weekly - Swing tradeThe above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Analysis and trade setup has been shared in the image itself.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas to know how even a beginner can earn money from stock market with help of simple price action.
Feel free to comment or message me regarding this analysis or to know more about chart study and learning price action.
$AEI #stockmarket #live #news #business #trading #stocks #stockAlset EHome International Inc., through its subsidiaries, engages in property development, digital transformation technology, and biohealth activities in the United States, Singapore, Hong Kong, and Australia. The company owns, operates, and manages real estate development projects, as well as lease units; and provides consulting, implementation, and development services related to digital transformation of enterprises. It also focuses on the research, development, and sale of Linebacker, a therapeutic drug platform; Laetose, a functional sugar substitute; and 3F, a multi-use fragrance. The company was formerly known as HF Enterprises Inc. and changed its name to Alset EHome International Inc. in February 2021. Alset EHome International Inc. was founded in 2014 and is headquartered in Bethesda, Maryland. Alset EHome International Inc. is a subsidiary of Hancock Fabrics, Inc.
PLTR long swing trade ideaOn hourly chart, there is clear bullish falling wedge. Objective entrance when it breaks out of bulling falling wedge. If it gaps up, maybe take a small position in case it rips, but otherwise add on when it back test the wedge. Oversold reading on RSI and divergent low additionally increase odds in favor of bounce here. $31.18 is a solid support. Probably set a stop somewhat below depending on your target.
Have a good trade everyone,
T.
BYND trading perfectly to the technicals. Quick 20% profit.On the January 14th post, it ran into the resistance after breaking out of the wedge. I put out one of the two scenarios. Breaking though the resistance and going up til the next target or quick pull back to the support level and breaking out. It pulled back perfectly and defended the support and today finally advancing to the short term target. Quick 20% profit.
Have a good trade everyone,
T.
CHFJPY: Waiting for Breakout
CHFJPY is currently trading within a wide horizontal trading range on daily.
For intraday trading opportunities, consider its boundaries as safe places to buy/sell.
To catch a new swing, though, we must wait for the breakout first.
In case of a daily violation of its resistance (daily candle close above), bullish continuation will be expected to 118.5
In case of a bearish breakout (daily candle close below its support), bearish wave will be expected and goal will be 115.3.
Wait for the decision of the market participants and then follow!
TQQQ long swing trade entry off- heiken ashi strategyShortly after bouncing off the 21 day moving average, we got a buy signal.
Closing price was 164.74
1st Take Profit (10% of position @ 4%) = $171.33
2nd Take Profit (10% of position @ 8%) = $177.92
Exiting on 1st red heiken ashi or 9th green. No stop loss, chart shows 12.3%, this is max single trade drawdown of this strategy from 2010-2020, in order to show max risk.
SWING TRADE STRONG STOCK AARTI INDUTRIES BUY AARTI INDUSTRIES IN DIPS NOW 1023.30 SL 980 (ON CLOSING BASES ) TARGETS 1200
STRONG STOCKS ON STRONG SUPPORT AS TRENDLINE (LOW RISK HIGH REWARD TRADE)
Over the last 5 years, net income has grown at a yearly rate of 21.09%, vs industry avg of 8.53%
Over the last 5 years, revenue has grown at a yearly rate of 7.54%, vs industry avg of 4.05%
Over the last 5 years, market share increased from 8.4% to 9.31%