Oracle Rebound & technical analysis According to this chart we are riding the 8 and 20 day. Price bounced off of the 50 after the earnings sell off and broke out from a double bottom.
If this plays out in a perfect world this will blow past 127 from the news run up. Not to mention everything AI is running and we are currently in an AI baby bubble.
I would trade this carefully since it is making new highs and can fall from a sell off and profit taking.
Let’s see how high this goes. Congrats if you were like me and bought around 115 after the earnings sell off.
Trade Responsibly.
#TradeTheWave
Technical-analysis
NIFTY CONSOLIDATIONThe problem lies here in this consolidation zone. 15 minutes candle sustaining above this consolidation will lead NIFTY to 18770 (RSI is also neutral and I hope it will show strength as market breaks consolidation on upside).
DISCLAIMER:- I am not a SEI Reg. analyst. Do your own research before investing or trading.
Comment if you have any questions regarding this.
Gold Update 3- Friday 09 JuneFriday…
I do not like a very much trade on Monday & Friday…like as today…
Technical analysis still holding & valid. Simply I do not like to keep open positions over weekend because of overnight charges & unpredictable beginning of Monday.
Volume dropped already and market is already in “weekend mood”. No illusions here.
I did exit break even at 1967.37 with a +50 pips on micro account. At least I can pay for my coffee ;)
I do aspect on Monday continuation of set up. Another day, another dollar…
Some statistic for all week…
It was mostly all week testing work done, so I did end up with a “punny” 2154 pips profit & 4 test trades.
By my technical analysis since 1st of June was “available” 5 trades with 11018 pips profit on micro
account .
Looking forward for the next week trading. ;)
All of you have a nice weekend & good backtesting of your ideas!
Gold Update 08 Jun- TP closed with a 2.123 pips on micro accountTechnical analysis:
TP1 & TP2 was confirmed by technical analysis & lead to 2123 pips profit & 15%+ account increase.
Purely in the theory do exist TP3 around 1978, but I seriously doubt it that it going happening today.
Trying to follow TP3 would be totally based on gambling & alchemist rules…
I do hope all of you had it good trades, time to relax…. :)
Have a nice evening!
GBPJPYAfter getting almost 14R yesterday with the short position on GJ, I have no problem taking a long position risking 2% on this trade.
As you can see the Demand area marked up with the green box, we will wait for the liquidity to be taken out and we enter scaling the position to a 7 R potential win.
Trade safe,
Cheers
Europeanbulls
XAUUSD Technical Analysis 17.04.2023 1h chart– Previous Weekly candle closed Doji Bearish at 2004.300 leaving a Rejection wick at 2047.500, Friday Daily candle closed Strong Bearish forming Daily Resistance at 2040.700.
– Buys on close above 2006.600 targeting 1h previous Support formed at 2013.700, Leaving Runners to the next 15min Support formed at 2022.100.
– Sells on close below 1995.800 targeting 4h Support at 1989.500, Leaving Runners to the Daily previous Resistance formed on 31s March 2023 at 1980.700.
– High Impact News ahead for the Empire State Manufacturing Index data 30min after the New York session opens.
Gold analysis, whatchu think?In daily timeframe although we're in an uptrend I think we're at the end of it. this is a multi timeframe analysis done from 6 month timeframe down to 1h, trend analysis and SMC concepts. this is currently my idea of what is about to happen, that last move I think is gonna go down to the price of 1933$. let me know what you think will happen.
XAUUSD Technical Analysis 10.04.2023 1h chart– Previous Weekly candle closed Bullish at 2007.900 above Weekly Resistance formed on Monday 20th March 2023 and forming new Weekly Support at 1969.200, Thursday Daily candle closed Bearish forming Daily Resistance at 2020.800.
– Buys on close above 2012.600 targeting 4h Resistance at 2017.600, Leaving Runners to the Daily Resistance formed at 2020.800.
– Sells on close below 2003.600 targeting 4h previous Resistance formed on 24th March 2023 at 1999.100, Leaving Runners to the Daily previous Resistance formed on 24th March 2023 at 1993.700.
– As Daily candle closed Bearish forming Resistance and Weekly closing Bullish and forming Support there is a good probability for price to retest the 1990 area and form Support on the Daily allowing the new Weekly candle to form bottom wick before breaking the recent Highs.
C3.ai Stock - Quick Technical OverviewC3.ai Quick Overview
The stock of the C3.ai Inc (NYSE: AI) company has been hitting the wires lately. It is a U.S. artificial intelligence enterprise, providing software-as-a-service application that enables deployment of enterprise-scale AI applications. Because of the recent increased popularity of Chat GPT, artificial intelligence became the hot topic among investors. This gave C3.ai stock a good boost, tripling the share price from the level where it was at the start of 2023. Although the performance is good, there are concerns that this recent rally might not be sustainable, as the company is still struggling to become profitable. Despite the attempts from the management to boost confidence among existing and potential investors, for now, the company is only expected to become profitable somewhere at the end of 2024.
Another major issue for the company is constantly increasing competition from other tech giants such as Alphabet Inc. (GOOUSD on easyMarkets platform) and Microsoft Corp. (MSFUSD on easyMarkets platform). Microsoft is invested in the OpenAI company, which has the rights to Chat GPT, and Alphabet is set to launch its own version of A.I.-powered search engine. This makes C3.ai stock look attractive for now, however, there is doubt it may withstand the competition.
From the technical perspective, the stock soared in the beginning of this week and until yesterday it was above the 30-dollar mark. Yesterday, the share price fell sharply, however managed to remain above all the EMAs on our daily chart. The price structure is still of higher highs and higher lows. If the broader stock market reverses its course to the downside, the stock might suffer greater losses.
For stock trading, check out easyMarkets free guaranteed stop-loss and take-profit options.
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.