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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.
SLong
by quantguy
2
$HIPH Finds Support After 65% Fib Retracement from 800% 1st Leg$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.
OTC:HIPHLong
by StockGuild
Neo Pummeled, Testing SupportNeo has been hammered along with the rest of the cryptoverse. It seems only BTC feels any respite from the clout and any bull signs are swiftly kicked back by coordinated selloffs of large wallets. The Kovach Momentum Indicators are both bearish, and there does not seem like there is much hope to gain from them. Currently, neo is near the central moving average of the Kovach Reversals Indicator, which sits at about 19.58. It still has some room between current prices and the lower bound of this indicator at 15.61, which will provide support. neo is trading at $18.49, at the moment. Levels from above include: 23.09 from sma 50 25.03 from highs and lows over the past 14 periods 57.80 from highs and lows over the past 100 periods 94.76 from highs and lows Levels from below include: 17.47 from highs and lows over the past 14 periods 14.12 from highs and lows over the past 30 periods Lets look at some technical analysis for neo. Volatility is much lower than average, so a breakout can be expected. An RSI value of 43 suggests that we are in bear mode but not oversold yet. The MACD suggests that we are in a bearish phase, but that we are not oversold, yet. neo is below the 50 period SMA, which indicates a bear trend, but not oversold yet. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is below the 100 period SMA, indicating longer term bearish confirmation. The ADX indicator, 10 suggests that neo is ranging. Bull Score: 0 Bear Score: 5 Ranging Score: 2
BITFINEX:NEOUSDShort
by quantguy
Litecoin Battered,Testing LowsLitecoin has been getting hammered since the beginning of 2018, and since then it has been unrelenting for this unfortunate coin. The decision about ICO's didn't help the cryptoverse at all either. Both Kovach Momentum indicators suggest a downturn and there is very little promise of reprieve anytime soon. Currently, litecoin is above the lower bound of the Kovach Reversals Indicator, at 50.9. This should provide support. The central moving average of the KRI will provide resistance at 59.18, if momentum reignites. At the time of this writing, litecoin was trading at $54.60. Levels from above include: 66.00 from sma 50 68.98 from highs and lows over the past 14 periods 127.37 from highs and lows over the past 100 periods 182.88 from highs and lows We will find support from levels from below including the following: 52.58 from highs and lows over the past 14 periods 51.16 from highs and lows over the past 30 periods Lets look at some technical analysis for litecoin. Volatility is much lower than average, so a breakout can be expected. The RSI is 39, which suggests that we are in a bear trend, but not oversold. The MACD suggests that we are in a bearish phase, but that we are not oversold, yet. litecoin is below the 50 period SMA, indicating a bear trend. Additionally, litecoin is below the 100 period SMA, which indicates a bear trend, but not oversold yet. Finally, the 50 period SMA is below the 100 period SMA, indicating longer term bearish confirmation. The ADX indicator, 25 suggests that litecoin is ranging. Bull Score: 0 Bear Score: 5 Ranging Score: 2
BITFINEX:LTCUSDShort
by quantguy
PGNX TRADE UPDATE POTENTIAL LONG PGNX POTENTIAL LONG I had made a post on August 28th for a potential long opportunity on this pair. After letting the market play out for a few days it has given me a better structural trade and better looking potential long opportunity for what I like to trade. This pair had made a strong push from the $7.30 price area to the $9.30 price area back in late July to late August. This strong push had been a point of interest for me due to the fact that momentum is a big tell on what the market may potentially do and where it could potentially go, so I waited to see what the pullback entailed. Always remember trading is about probability, nobody could for sure 100% guarantee what the market is going to do next so it's our duty as traders to only trade setups that have a good probability to go in the favor we have analyzed it too. So here is my next thought for this pair. 1D Chart: *on this time frame chart it had displayed a very strong and healthy push by the buyers back in late July and early into August *the momentum of the push had been a strong buyer momentum push showing strong interest *the pullback on the 1D chart by the sellers had been clearly weaker than the push to the upside (better probability) *once this pair had pulled back almost 100% you can see it started to form an ascending trend line with interest from the buyer 4H Chart: *on this time frame chart it shows how once the pullback had occurred the buyers started to take interest again by forming an ascending trend line with stronger momentum on the buyer side *this displays the fact that the buyer may most definitely be still interested in purchasing this pair (now at 100% discount from peak) *watch how price reacts at this ascending trend line and look for strong buyer interest again at the trend line Based on the setup of this trade, I dont usually give stop losses because risk is different for every trader, but if price hits 7.50/7.10 price level I would hold off on looking to go long on this pair. But aside from that as long as its above that price and we see that strong buyer interest again look for this stock to make a nice push to the upside. Remember ALWAYS have a trading plan when approaching the markets. You never want to come into the market unprepared because it will take your $ every single time! ALWAYS make sure to also implement proper risk management never risking more than 2% of trading capital as well as a good risk/reward ratio to make your trades more statistically probable for profit. Cheers! Keep an eye out !
PLong
by JosePips
3
BABA Looking BearishThe technical analysis for BABA is somewhat bearish. There isn't a lot of conviction here so be careful when entering a trade. Currently, BABA is trading at $174.61. Levels from above include: 174.79 from gaps 176.20 from gaps 177.00 from gaps 178.16 from volume profile over the past 14 periods 178.90 from volume profile over the past 14 periods 179.53 from volume profile over the past 14 periods 180.38 from volume profile over the past 14 periods 181.95 from gaps 182.38 from volume profile over the past 14 periods 182.90 from gaps We will find support from levels from below including: 174.20 from gaps 173.85 from gaps 172.41 from gaps 172.05 from gaps 171.29 from gaps 170.77 from gaps 169.85 from gaps 165.39 from highs and lows over the past 14 periods As for Technical Analysis we have the following. Volatility is slightly higher than usual, but not to an extreme. An RSI value of 43 suggests that we are in bear mode but not oversold yet. The MACD suggests that we are in a bullish phase but not overbought yet. The 50 period SMA indicates that we are in a bear trend. Furthermore, We are well below the 100 period SMA, which suggests that we are oversold. Finally, the SMA(50) is below the SMA(100), a long term bearish confirmation. The ADX suggests that BABA is ranging. Currently, BABA is well above the lower bound of the Kovach Reversals Indicator, at 169. This should provide support. The central moving average of the KRI will provide resistance at 178, if needed. Bull score: 1, Bear score: 5, Ranging score: 2
NYSE:BABAShort
by quantguy
Selling Position - AUD/CHF I am so glad to be back posting after more then a year. My technical's are bleeding that its oversold but due to the fundamental for the Aussie being so poor keep a tight look on this but from what I can see its a great R:R. The technical side looks great. We haven't seen AUD/CHF at this level since 2016 so hopefully that level will be supported and expect a rally of at least 200+ pips. We also have a hidden bullish divergence so that should also tick another box of an upside.
Long
by Jamal92
2
Bitcoin Still RangingBitcoin seems to be in a ranging phase. Be careful when entering a position in either direction, though you may consider mean reversion. bitcoin is trading at $7047.16, at the moment. Levels from above include: 7113.30 from highs and lows over the past 14 periods 8235.50 from highs and lows over the past 30 periods 8557.52 from highs and lows over the past 100 periods 9964.50 from highs and lows We will find support from levels from below including the following: 7028.57 from volume profile over the past 14 periods 7010.73 from volume profile over the past 14 periods 6966.14 from volume profile over the past 14 periods 6885.87 from volume profile over the past 14 periods 6836.82 from volume profile over the past 14 periods 6778.85 from volume profile over the past 14 periods 6221.42 from highs and lows over the past 14 periods 5971.05 from highs and lows over the past 30 periods 5826.41 from highs and lows over the past 100 periods Technical analysis for bitcoin is as follows. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 58, which suggests that we are in a bull trend, but not overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. bitcoin is above the 50 period SMA, indicating a bull trend. Also, bitcoin is above the 100 period SMA, which is currently at 6939, indicating bullishness. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX indicator, at a value of 28 conveys a modest bull trend. We are getting closer to the upper bound of the Kovach Reversals Indicator at 7043. This should provide resistance. The central moving average of the KRI will provide support at 6522.
BITSTAMP:BTCUSD
by quantguy
NZD/CAD TO FALL IN THE COMING WEEKS In its last Interest rate statement, the Reserve Bank of New Zealand, stated that it expects to keep interest rates at a record low for another two years as the outlook for economic growth weakens. According to a Bloomberg Report, the Central has said that the chances for a rate cut has increased. This has caused the New Zealand dollar to become a less favorable currency for investors to invest in hence the recent drop of the currency against major currencies. On the other hand, today Canadian CPI beat expectations which has increased the likelihood of the Bank of Canada to increase interest rates. Now comparing the two, we have a clear distinction between these two currencies. The 1 Hour time frame for the NZD/CAD pair has it rising towards the 0.8680s which will probably serve as the point for reversal to target 0.85700 region.
Short
by ruebenmira
ZCASH/DOLLAR POTENTIAL SHORT 4H/1D TIMEFRAMEZCASH POTENTIAL SHORT 1D Chart: *Zcash is in a downtrend on the daily timeframe *150-151 area is recent significant structure on the daily timeframe *price pulling back making inside return into structure 4H Chart: *price breached signicant structure and broke it around 150-151 handle *price has held beneath this structure on the 4H *sellers showing stronger momentum vs the buyers (as displayed on the chart) *watch and see how buyers react at structure around the 150-151 mark *IF we see some seller strength come in and good risk/reward it could be a good potential short setup ALWAYS make sure to have a plan when trading in any financial market. Follow the plan and be discipline with risk and make sure to IMPLEMENT these principles not just know them. Action>Talk. Never risk more than 2% of trading capital per-setup. Cheers!
BITFINEX:ZECUSDShort
by JosePips
5
BTCUSD POTENTIAL LONG (short term opportunity) 1H BTCUSD POTENTIAL LONG 1D Chart: * price is sitting at a recent significant structure level *buyer seems to be showing slight interest already at this level 4H Chart: *Price shows large green(buyer) candle to the upside at this level of structure *Price ended with a higher high higher close on 4H candle WITH momentum 1H Chart: *Price had LARGE buyer push to the upside *Price broke a recent level of structure to the upside *Buyers are showing strong interest in Bitcoin at the price 6100 Entry: * Look to enter IF we see a weak pullback from the sellers. We want a weak pullback because in trading it comes down to probability and if the sellers came in strong it wouldn't be a clear probable setup on the buy side. *Wait for buyer to show interest again at price around the structure point 6250-6200 also the 50-61.8% fib if you trade with Fibonacci levels. Targets: 6580, 6700, 6900 Stop: 6000 price point REMEMBER this is a short term outlook. This does NOT mean that Bitcoin will for sure rise. This analysis is based on momentum, structure, and probability of the pullback(which hasn't happened yet). Make sure with every trade to stay disciplined with what you like trading and with proper risk management. Never risk more than 2% of capital. Make sure to always have a good risk/reward. Cheers!
BITFINEX:BTCUSDLong
by JosePips
1
GBPJPY POST ANALYSIS SHORT GBPJPY SHORT 1Week Chart: *Last attempt for buyers to come in\ *Lower Low lower close on 1W time frame going into this last week 1D Chart: *Breach and break of buyer trend line on the daily timeframe *Lower Low 4H Chart: *Entry based on lower close of candle *Good risk/reward Entry: 144.700 Stop Loss: 147.500 Take Profit: 140.00 Always make sure to have a trading plan. Make sure to have a good risk/reward on every setup. Never risk more than 2% of capital per-trade. If you have a good trading plan and stay disciplined to it you will have better trades. This trade is up over 200 standard pips. Cheers!
by JosePips
GBPJPY SHORTGBPJPY SHORT IDEA: 1W Chart: *Based on the weekly chart it clearly displays the rejection to the upside created by buyers and how the sellers had brought price back down and ended the week with a lower low lower close. *The Flow has changed from buyers trend to sellers as you can see the market started to create lower highs and lower lows which identifies it as a seller trend. The new low hasn't been created yet which is what we are anticipating to happen based on price action and momentum from the sellers. 1D Chart: *The buyers had reacted to the ascending trend line on the daily which caused price to rise before the seller taking over. This had caused to the large wick to the upside on the weekly chart. *The ascending trendline has now been broken and breached on the daily chart giving the sentimental bias now to the short side. The daily and weekly players are now on the same page which equals larger moves in the market *We also see strong momentum from the sellers, not allowing price to get too expensive before bringing it back down (showing they are ready) 4H Chart: *The 4 hour chart is showing a downtrend with momentum playing on the short side much stronger than the buy side. This shows the sellers strength and interest in selling this market *Look for re-test on this timeframe to give more precise entry for the short positions *Look for re-test of that daily ascending trendline around 145.300 handle Entry: *Look for a re-test into structure around the 145.300 handle (recent significant level) *Wait for the seller to show his interest come back into play on 4H timeframe and use a good risk/reward ratio *Don't risk more than 2% of trading capital no matter how good the setup may look Cheers!
Short
by JosePips
4