Technicals
[Potential] EURUSD: Awaiting Brexit's Future PathEURUSD Outlook
Technicals:
- Stochastics moving into Oversold conditions
- Price action close to a Short-Term Resistance Trendline (not a strong trendline and may break)
Fundamentals:
- Brexit uncertainty in its final stages may cause some volatility on the EUR pairs and GBP pairs; causing it to break the ST Resistance Trendline
- On a longer perspective, a weaker dollar outlook from the more dovish FED whom are likely to stay put due to economic datas not released from the ongoing govt shutdown. The chances of FED continue to hike continues to fall and this gives opportunity for carry trades to flourish.
We will be waiting for confirmations of multiple confluences before considering this trade setup ready. Patience is the key to success.
*This pair outlook is provided on an advisory basis. Any trade decisions made based on this outlook is a personal decision and we are not responsible for any losses derived from it.
Last chance for FBR?FBR stock prices have taken a huge hit following the news that construction giant Caterpillar Inc. and FBR were terminating the memorandum of understanding between the two companies. Prices are down 74% since all time highs last year and down by 65% in just the last two months. It is unsure exactly why the memorandum was cancelled, but both companies have stated the split up was mutual. This news came not long after FBR unveiled it's 3 day house build using the Hadrian X. The build was a success, but the dealings between the companies are unknown.
Looking at the chart, FBR is looking extremely weak and not yet showing any signs of recovery. Key support levels have been smashed through, and as I type this, price is tightening at the end of a very aggressive falling wedge. Having given up almost all gains since it's 2016 bull run, FBR might be on it's last legs unless it can break upwards and remain within the larger descending channel. Selling pressure currently remains strong, and a continuation downward might have us eventually seeing 2 cent stock prices again. However, if selling slows and price can close above 8.1 cents, a relief rally may be in order - but there is not much time left if this is to be the case.
Altcoin Market Cap Analysiswe now have access to the total crypto market cap excluding bitcoin right on tradingview! we can now apply technical analysis directly on the alt coin market cap chart! unreal!
1. we see the major trendline break (yellow dotted)
2. key psychology levels- $100 billion, $50 billion, $25 billion marks (teal lines)
3. descending channel (white)
4.TD Indicator
It will be very interesting to watch this chart develop over the next few years,
and will be updating this idea for sure. stay tuned!
best of luck, hit thumbs up.
XRP Potential Spike Targets.XRP has fallen into range bound situation and can expect to decouple from BTC if the situation stays the same for some time.
We can potentially see a massive spike in the price of XRP from 3 levels mentioned on the Chart. all these levels have acted as resistance in the past as well and 1 out of the 3 should hold strongly. The price can actually fall towards 0.17 area if the bearish sentiment continues to grow which at this point is the likely scenario. So XRP dropping to these levels is a buy opportunity .
WTI CRUDE . Long term Target HiTI posted a chart on 10th MAY, WTI can potentially reach 76/78$ before it drops .. The long term target has been hit, More downside is really temporary for me right now. Worst case scenario is $48 but 51.5/52$ should hold strongly. I expect a massive upside upto $100/104 from here. Not maybe would agree to that but I would be loading up from 53/51/48. everytime it touches these levels. As the downside Risk looks far less than upside.
I have attached my MAY 10th Call for Short.
BTC SHORTI have been posting BTC SHORT charts for over 5 months now from 10,000 Level to go short till 4300/3600/2800.
Too many Hodlers are going to feel the Pain for holding for so long. If you are a crypto fanatic, Dont watch whats about to go down. They will break the soul of the bulls this time all those inexperienced traders who thought 10k will never break, 6k will never break and 5k cannot break will embrace how the markets work. What you think cannot happen will definitely happen..
For those looking to making money, you need to get into leverage trading and play this both buy/sell side otherwise you can just wait and wait and wait and they will delay this rally that you finally will give it up youself. thats how the big boys play!!
What are the most used indicators? For someone that wishes to get an edge using technical indicators, which ones would be some of the best ones to have into your arsenal?
To answer that question I will look at which ones are the most popular, I am only looking at oscillators here, overlays are not used that much (not talking about moving averages).
First of all I tried looking at what hedge funds were using but that info is quite hard to get, but from what little I have seen I will guess it is going to be close to what you would expect.
I check several sites and youtubes to see what THEY used.
But most importantly, I looked at trading view ideas, luckilly I was tired and lazy so I just checked hundreds of ideas manually and noted what they used.
Also, remember alot of people do not used oscillators (or overlays) at all. I myself have strategies based on naked chart. Actually I will probably make a script that hunts for daily inside bars (maybe fakey patterns) and I will publish that on TV.
What I found on other sites is quite similar to my results on trading view. Here they are:
I checked the top 180 FOREX ideas this friday and I found:
17 Stoch (%D)
40 RSI
22 MACD
14 Other (1 to 3 each)
==> Stoch = 18%, RSI = 43%, MACD = 24%
Top 11 pages for Futures (18*11 = 198 ideas):
10 Stoch
35 RSI
23 MACD
18 Other
==> Stoch = 12%, RSI = 41%, MACD = 27%
Top 6 pages for stocks
15 Stoch
36 RSI
30 MACD
40 Other
==> Stoch = 12%, RSI = 30%, MACD = 25%
I do not really like stoch that much, but I can vouch for MACD and RSI. I got a strategy based on RSI (+ other factors of course) and another one with macd. They are both pretty decent.
You can use any oscillators you want, but any strategy that uses oscilators I believe should have RSI or MACD included. There is a reason they are popular, and if you trade a divergence or whatever and every one sees it too, you really have the odds on your side.
Stoch is quite popular, but I do not know what to make of it. The way it works... idk. You could make a condition "I will only enter long when stoch is below 20" but I looked at this, you give up winners and still pick up losers, does not look amazing.
My recommendation would be:
- Do not use 500 indicators. What is wrong with you? XD This is not how trading works.
- Use MACD or RSI.
- You can throw in a second one of your liking.
I also found out the oscillator I use had a 0.6% occurence. Feelsbadman.
TTWO facing resistance, still a good buyFundamentals
134.53. NO DIVIDEND
Based in New York, New York
Full time employees: 4,492
Its products are designed for Sony’s PlayStation 3 &4, Microsoft’s XBOX 360 and One, personal computers, smartphones and tablets. The company develops, publishes and markets entertainment products for consumers worldwide. Offers products under Rockstar Games, 2K Labels, Private Division and Social Point.
Develops action/adventure products under Grand Theft Auto, Max Payne, Midnight Club and Red Dead names.
STOXLINE: STRONG BUY 4 Green Stars with a 6 month price target of 161.94
P/E: 52.55
P/E Growth ration -0.01
Technicals
This is another stock that is extremely overbought. It shows strong growth along with the rest of the industry, but it is encroaching on the upper bound of the KRI, and the Momentum indicators are still very strong. Although it has made new highs, momentum seems to be petering out, and a retracement is likely.
SPLK still a good buyFundamentals
117.45. NO DIVIDEND
Based in San Francisco, CA
Full time Employees: 3,200
Provides software solutions that enable organizations to gain real time operational intelligence in the U.S. and internationally. Splunk Enterprise Security addresses security threats and information. Splunk User Behavior Analytics detects cyber-attacks and insider threats.
Jim Cramer, The Street, rates this stock a D SELL. Cramer is an inverse index. Whatever he says, do the opposite.
STOXLINE also rates this stock as a SELL with 3 Blue Stars and red arrows pointing downward. Nevertheless their 6-month price target for the stock is 151.84.
EPS: -2.370
P/E: -49.56
Technicals
The technicals here are very strong. There was a sharp correction in June which turned out to be an inverse head and shoulders pattern which gapped to the upside, which is a strong bull indicator. Note that SPLK has recently rejected the lower bound of the KRI, and is facing some resistance about the central moving average of this indicator. The long-term momentum (blue line) is still strong, thought the short term momentum (purple line) has let up. This indicates optimal conditions for entering a position.
$HIPH Finds Support After 65% Fib Retracement from 800% 1st Leg$HIPH Hourly Chart Shows Up Signal Appearance right at Market Close on Friday. The stock has done a 65% Fib Retracement from the 800% high of the first leg. The support level around .035 grew exponentially during the trading day confirming the bottom of the first retracement. Analysis of the candles and chart on the hourly shows this should be support for the next leg up.
The Farm Bill is said to not pass before Sunday however CBD was recently been rescheduled to Schedule 5 therefore nullifying the need for the Farm Bill passing.
In addition there are multiple catalysts coming up for both the company and the MJ market overall.
The company itself has seen more growth in the last year under the new leadership of CEO Ryan Fishoff than it did in the 20 years prior under the previous CEO Albert which was when the company racked up a ton of debt and did several R/S's.
Revenues grew 5,000% in addition the relaunch of Lalpina CBD Hydro infused High PH Water this year.
The first shipments of the water have arrived and the rest should be arriving over the next week, in addition the CEO recently released a PR saying that he is currently looking for four acquisitions, 3 of which will be MJ/CBD/THC related while the other one will be a different sector.
The company currently has 3 different revenue streams coming.
The website will be reworked and the yield sign removal should both be done within the next 2-3 weeks.