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Another vaccine?Hello my friends, It's been a while since I last posted. I have been monitoring the markets and making sure I can find a good deal before I share it with you all. So I have been following $JNJ for some time now. $JNJ is currently in their trail 3 of their vaccine efforts and should be concluding sometime this month. You probably think the hype for vaccine is over due to $PFE and $MRNA already taking the spotlight, but I don't believe that is so. $JNJ will be the first vaccine that only requires 1 shot and no follow up. This is a huge difference in many aspects, logistically and personally. Logistically, you ship 50% less product to the same consumer base as the previously mentioned companies. Also consider the vas number of people seeking the vaccine every year. JNJ has a yearly goal of distributing 1 billion vaccines worldwide, every year. Personally, people are already hesitant when it comes to the vaccine. Those who are hesitant are put off by a 2 shot system, it's just not a viable long-term solution. A 1 shot system is what will stick around for years to come. Also, JNJ is a trusted name worldwide so I believe it will be the primary choice for yearly vaccinations. On December 1st we had a random spike in price, I believe their is talk about the vaccine and it must be good news, of course this is just speculation. TA: All red lines are points of resistance. When/if the price closes above it, it should leap in price. First Resistance at 148.72; we are currently struggling with this price for the past few days, if we can close above this, price is free to run up to around 150.00 Other red resistance lines are created from previous highs in price range, with 156.94 being the previous ATH Orange tread lines: This is the channel we have been bouncing around in for the past few months. I believe vaccine news will allow us to break through this range Fibonacci retracement is in gray/white. This was built off the dip created in March after COVID. It seems to hold true TL;DR: BULLISH FOR 3-6 MONTHS. If vaccine news is positive, JNJ will run up dramatically in price. JNJ is known known for gapping up on good news. Positions: Safe bet: Shares, hold until next EPS Moderate risk bet: Outdated calls for next year around March High risk bet: End of the month calls, banking on vaccine reveal
NYSE:JNJLong
by Golden_Whales
TREND EXPERIMENT: IS KPOWER A SUPER PERFORMANCE STOCK?Well, this is the very 1st time I'm posting here (also acting as my own practical notes). *Premium account tu sebab aku tersalah beli, cost me few millions, sekian. (No way a pro in this field, just yet!) Simple revision based on: 1) William J O'niel's How To Make Money In Stocks. 2) Mark Minervini's Trade Like A Stock Market Wizard. 3) Simply Wall St website: Do Subscribe although a bit expensive. This would give you a diagramatic presentations which is super simple to understand. 4) MalaysiaStock.Biz Why do I choose this particular counter? I have made 18% and pulled out too early knowing that if I still keep it till today, I could have easily made almost 50% gain in capital and made few billions like Bezzos within 30 days. Lesson learnt, be fear not if the company adheres strongly to the FA + TA + CA = "Trend is your friend" says the great investor Marty Zweig. FA: Fundamentals (CAN SLIM) C- Current QR reports have been showing super profitability for past 4Q. Yesterday's announcement 30/11/2020 of QR could be a huge catalyst. A- Annual Report shows outstanding profits YoY N- Previous business based on retail goods, which later ventured into Constructions and Clean Energy (now on huge trend globally) + New big boss appointed on last November 2019 + New Q121 profit + YoY profit 759% + secured multiple projects globally for past 1 year mainly on energy plants + Ex dividend date 8/12/2020 & Pay date on 23/12/2020. S- Supply Demands +++ L- Leader in its sectors? OTW I- Tokyo Marines, Allianz, AIA, NORGES BANK, UOB-OSK, Affin Hwang, Barklays Bank, Maybank Investment. LET EM' SHARKS IN! M- Market? Uptrend and following current global needs for green energy. TA; Finding a possible super performance stock criteria based on his "Trend Template". I find this company chart fits most of it. 1) Phase: In Stage 2/ Uptrend/ Accumulation Phase 2) Current stock price trading above MA50,150,200. GREAT! 3) Current stock price at least 30% above its 52WL (could be more before emerging as consolidation period) 4) Current stock price is at least within 25% of it's 52WH; in this case (on 12/1/2020) it's nearing peak! 5) 150MA >200MA 6) 200MA in uptrend for past 4-5 months (minimum 1 month) 7) Relative Strength is no less than 70, preferably 80s or 90s TRADING PLAN: 2 WEEKS SWING All seems good for this counter? cashed in on 30/11/2020 at EP: 4.830 x ????units COST: RM ?????.00 SL10%/ 4.35 / -RM??? TP8%/ 5.2 / +RM??? TP10%/ 5.3 / +RM???? TP15%/ 5.55 / +RM????? OR Follow trend for 2 weeks and take profit. EXTRAS: VALUATION (based on Simply Wall St) Fair value of the stock price is at RM10.22 compared to current price RM4.84.
K
by TH_K
What is the Wyckoff Method? #2 Distribution SchematicDistribution Schematic In essence, the Distribution Schematics works in the opposite way of the Accumulation, but with slightly different terminology. Wyckoff method distribution schematic Phase A The first phase occurs when an established uptrend starts to slow down due to decreasing demand. The Preliminary Supply (PSY) suggests that the selling force is showing up, although still not strong enough to stop the upward movement. The Buying Climax (BC) is then formed by an intense buying activity. This is usually caused by inexperienced traders that buy out of emotions. Next, the strong move up causes an Automatic Reaction (AR), as the excessive demand is absorbed by the market makers. In other words, the Composite Man starts distributing his holdings to the late buyers. The Secondary Test (ST) occurs when the market revisits the BC region, often forming a lower high. Phase B Phase B of a Distribution acts as the consolidation zone (Cause) that precedes a downtrend (Effect). During this phase, the Composite Man gradually sells his assets, absorbing and weakening market demand. Usually, the upper and lower bands of the trading range are tested multiple times, which may include short-term bear and bull traps. Sometimes, the market will move above the resistance level created by the BC, resulting in an ST that can also be called an Upthrust (UT). Phase C In some cases, the market will present one last bull trap after the consolidation period. It’s called UTAD or Upthrust After Distribution. It is, basically, the opposite of an Accumulation Spring. Phase D The Phase D of a Distribution is pretty much a mirror image of the Accumulation one. It usually has a Last Point of Supply (LPSY) in the middle of the range, creating a lower high. From this point, new LPSYs is created - either around or below the support zone. An evident Sign of Weakness (SOW) appears when the market breaks below the support lines. Phase E The last stage of a Distribution marks the beginning of a downtrend, with an evident break below the trading range, caused by a strong dominance of supply over demand. Outcome: Naturally, the market doesn’t always follow these models accurately. In practice, the Accumulation and Distribution Schematics can occur in varying ways. There may be delays in some phases. Still, Wyckoff’s work offers a wide range of reliable techniques, which are based on his many theories and principles. It is certainly much more than a TA indicator. In essence, the Wyckoff Method allows investors to make more logical decisions rather than acting out of emotions. The extensive work of Wyckoff provides traders and investors a series of tools for reducing risks and increasing their chances of success. Still, there is no foolproof technique when it comes to investing. One should always be wary of the risks. Best regards EXCAVO
BEducation
by EXCAVO
18
BTCUSD Falling Wedge Through October 100% to 138.2% TargetsBITSTAMP:BTCUSD I feel Bitcoin will trade within the Falling Wedge Pattern through the month of October, and possibly into early November. The Parallel Channel should act as container until capitulation. Here is what StockCharts . Com has to say about this pattern: The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs. I hold the proposal that Bitcoin can correct to the Fib. Extension Levels between 100%($8,560) - 138.2%($7,558). If BTC breaks past the 161.8% Fibonacci Extension, then perhaps the move should be considered an Impulse Wave, and further drawdown can be possible. In the linked idea below, please review my analysis for the roadmap I've proposed regarding Bitcoin potential patterns playing out, as well targets for WXY correction. Also, If/When Trump wins, the DXY $Index should resume its bearish momentum into 2021. Of course, I may have it all wrong....Let's See! Some Alts may already be signaling possible reversals; OMG, ADA? Then there's THETA, the silent killer, just creeping up!
BITSTAMP:BTCUSD
by TheFreeCryptoPress
7
SXP/BTC is up for a major breakout... 77% and more in the makingSXP/BTC is at an interesting point in this trading price action. It is at the tip of the triangular shape formed by the dynamic support and resistance trendlines that have been traced on the chart There are only two ways price can go henceforward... its just a matter of time. It either goes up or goes down to eventually go up again... In the eventuality it most likely goes up in price, the profit trajectory has been mapped. It should go up by 77%, hitting a price of 0.00051btc Entry point: 0.00028 - 0.00029 btc Take profit: 0.00051btc like my post If you like my trading idea, follow me for more trading ideas
Long
by abasinkanga
[GBPvsUSD] Long Position Oportunity - The price is need to take correction and going to bearish for a moment between RBS and Demand zone. - If you want to open long position / buy please wait for bullish pin bar or bullish engulfing. - Keep mind your money management and maximal equity is 15%. - Harga sedang bergerak menuju koreksi di area garis RBS dan zona demand. - kalau ingin melakukan aksi buy harap ditunggu sinyal konfirmasi berupa bullish pin bar atau bullish engulfing. - tetap jaga money manajemen anda dan maksimal yang saya sarankan adalah 15% dari seluruh dana ekuitas.
Long
by damhafafano
Falling wedge and Fib Retracement - BULLISHZIL currently has one of the setups we are searching for the most. In the long term uptrend, it is important to search for multiple confirmations of buy-back levels. ZIL has several of them. The first thing we can notice is the same falling wedge pattern. The second is the two horizontal lines that have been drawn from the daily chart, displaying old and strong support levels. Last but not least, we used the Fibonacci Retracement Levels from the bottom Swing to the High Swing levels. The strongest level being 0.618, we can spot 2 wicks down reaching this support at 150 sat. The 2 wicks down are confirming the demand on this zone. Our strategy will be to buy back this level and eventually wait for lower levels to accumulate more ZIL. On the other hand, more conservative traders can wait for a breakout of the falling wedge before entering a position.
Long
by NovaBlocks