Bitcoin1. Flag needs to finish.
2.EMA's hooking down?
3.Historical Pattern?
4.Price consolidate donwn?
I like the pattern I see. Lets see what happens. Maybe we can get a bounce off of one or both supports!
Trades
CNQ Canadian Natural Resources LimitedCompany Description:
Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta. The Company's operations are focused in Western Canada, the North Sea and Offshore West Africa.
Analysis:
Canadian Natural Resources is an oil and gas company within the energy sector! I believe that oil at the minimum is in high demand right now with high those prices are. They deal in the oil and gas exploration side of the business. They cover a decent range of space and with oil and gas, I like to make sure I invest in it like an ETF having more than one company to make sure I cover as much area as possible within the world. This is a natural resource so it has MOAT within itself without much need for marketing. Impressed with how this company has been handling their cash , expenses, and debt. Since March 2001,this company has been consistently increasing its dividend payouts while being able to sustain their cashflow to some degree. I like their reach and having an oil company outside of the US (even though they have property in NA) is a good deal in my opinion.
I would like to see price break resistance obviously. However, I need to be realistic. Although I consider this stock to be undervalued, I believe that price is in the middle of testing a strong support level. I want to see strong bullish candles on the 30 min or 1 hour near support to start slowly scaling in considering the state of the economy. My uncle buffet said to never put your whole foot in the water before testing the temperature! I have bearish candles trading under my closer ranged ema's so I want to see how this plays out!
What do you think?
Not Financial Advice
I only share ideas!
USDJPYSince February 22, 2021 interest rates has been in the 2’s up until July 1st. Since July, Interest rates have lowered a tad bit but is continuing to range in the late 1.70’s -1.90’s. The Fed says inflation will be transitory. At the end of the day, we are at historically low interest rate levels and I don’t see how we would go back between the 2’s and 3’s at some point. When interest rates fall, the USD or respective currency’s dollar weakens. Vice versa when interest rates are high, the dollar strengthens. I see interest rising overtime and over powering the Yen’s interest rates. The Yen 10 year yield is at 0.10%. The USD 10 yr yield is sitting at 1.25% I see price is trading above my 200 EMA (white line) and looks ready to test previous resistance on the daily chart at some point over time. Price is consolidating a bit. I want to see a breakout once our interest rates hike a bit. Will average in until then. Let’s see how this goes! Not financial advice. Just practicing.
AUD/USDSince February 22, 2021 interest rates has been in the 2’s up until July 1st. Since July, Interest rates have lowered a tad bit but is continuing to range in the late 1.70’s -1.90’s. The Fed says inflation will be transitory. At the end of the day, we are at historically low interest rate levels and I don’t see how we would go back between the 2’s and 3’s at some point. When interest rates fall, the USD or respective currency’s dollar weakens. Vice versa when interest rates are high, the dollar strengthens. I see interest rising overtime and over powering the AUD’s interest rates. The AUD 10 year is at 1.25% today with a basis on 1.0%.The USD 10 yr yield is sitting at 1.27% with a basis of 1.25%. I see price is trading under my EMA’s and looks ready to test previous supports on the daily chart. Let’s see how this goes! Not financial advice. Just practicing.
EURUSD: anatomy of short term tradesGood morning Everyone,
this structure shows the uptrend that ended when NFP were released on Friday 3rd of Sept.and also the correction that unfolded afterwards. The Kumo generated by Ichimoku supports the uptrend and keep pressure on the correction and has a similar function to the 100 moving average (blue).
Based on this structure a first trade could have been entered on Tuesday 7th of Sept.at 13:00 when support at 1.18600 (blue horizontal line) was breached to let it run until RSI entered oversold prior to the ECB meeting. In fact the correction paused on Wednesady and consolidated prior to the event supported at 1.18100 (red horizontal line).
After the event the pair run into the Kumo to escape bearish pressure. It made a brief top above the Senkou Span B but it was sucked into the Kumo again and lost momentum. The Senkou Span A at 1.18200 was breached Friday in the afternoon and the pair closed the week on the supporting level of the consolidation period at 1.18100.
The pair commenced this week with same bearish sentiment it had closed the preious week and a new bearish move begun to gain momentum after 2:00 o'clock when the 1.18100 supporting level was breached. An entry could have been set up when the 6 o'clock candlestick attacked 1.18022 (orange short term horizontal supporting level that was built between 3 and 5 o'clock) to let it run until RSI entered oversold.
In my view the 1st trade was "easier" because mid-week and more clean than 2nd trade. 2nd trade more risky because it was Friday and price closed above 1.18100 supporting level.
To note that at the moment there is a divergence between lows made by price and sentiment.
Please like if you want me to share more screenshots of the move in lower timeframes and updates on the pressure provided by the bearish structure or the divergence with indicator.
If you have any question please ask.
Thank you and kind regards
Cozzamara
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you. Before you decide to invest in foreign exchange, you should carefully assess your investment objectives, experience, financial possibilities and willingness to take risks. There is a possibility that you will lose your initial investment partially or completely. Therefore, you should not invest any funds that you cannot afford to completely lose in a worst-case scenario. You should also be aware of all the risks associated with foreign exchange trading and contact an independent financial advisor in case of doubt.
GBPUSD Price tested the resistance zone for the third time, but it did so impulsively in the 1HR timeframe, but on the bigger timeframes a continuation pattern to the downside is almost established. I will be looking to sell once price breaks support.
VIACOM CBSViacomCBS Inc. is a media and entertainment company which creates premium content and experiences for audiences. The company's consumer brands portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and Simon & Schuster. It operates primarily in the U.S., Europe, Latin America and Asia. ViacomCBS Inc., formerly known as CBS Corporation, is based in New York, United States.
Analysis:
Viacom is a powerhouse when it comes to media infastructure. Networks amongst the likes of Paramount, BET, MTV, Nickelodeon, etc are popular and have been around for decades. I like this company's financials and feel that they have enough cash on hand to be able to use their money where they feel is needed regardless of market conditions. On the 30 min timeframe, price is currently at a strong. I want to see strong bullish candles trading above the 200 ema for a possible entry point. I mainly do debit spread. I think if the rules apply in the near future, this could be a nice opportunity for a gain!
* Not Adivce
*I only share ideas!
POSSIBLE BULLISH MOVES FOR THE GBPUSDBy this analysis GBPUSD may be on a steady bullish wave from this week.
Fingers crossed 🤞
Not a financial adviser, just my own personal experience and analytical skills on the pair.
NintendoThis is a gaming company that has lasted the test of time to the point that they have become the Mecca of the gaming world tbh. They are here to stay and are still competing well in a highly competitive industry!
Looking over their financials, I like how the gross profit is increasing consistently since 2017. COGS has stayed stable. Steady increase in Net Income. Steady EPS increase. Steady Asset increase. Total current assets jumped this past year tremendously and has outweighed the increase in non current liabilities. Steady increase in total equity. Not too worried about debt increase due to this. Steady free cashflow growth. Increase in the last 2 years in changes in working capital. P/E Ratio decreasing over time. Valuation Ratios and Profitability Ratios are improving as a whole.
Chart Analysis:
Daily: MACD and RSI oversold. Possible support traced.
4 Hour: Same as Daily TF
1 Hour: Same as Daily TF
15 Min: New low was made. Entered consolidation. Turned into previous being broken. Possible retracement ready? Need to see MACD and RSI oversold before final decision.
Price consolidated between $64 - $81 between September’20 and July ‘21. It broke out towards a downtrend and is finding support IMO on the 15 min TF. If it finds solid ground as it looks like it has potential to do, we could a possible retracement.
*not advice
*just sharing an idea
GMDetails are in Photo. GM is a great company in my eyes. I do feel mixed on the auto industry with the variant and other catalysts in the reports that are being released economically. I wanted to catch this at a support level on a larger time frame. Just want to keep it simple. I didn't do any options because I wanted to stay away from theta just in case. Looking for $60 no matter how long it takes....not advice.
Intel Corp.I love this companies financials. I understand what's going on in the semiconductor world. However, I'm thinking about consumer durables like laptops, computer gaming, memory and storage data. I'm not big on speculation but I know we are so dependent upon technology and alot of their products attack a wide range of technological factors.
Price is currently at a strong support in my opinion. On the 1 hour time frame, there seems to be to some strong consolidation in this same support area. This could indicate that Intel is currently in its accumulation phase. I've looked at some insider trading as well and noticed that within the last two months, there were purchase on two occasions around this area and a third person sold at $57... I want to see price breakout at some point to the upside as the previous high was broken and the previous support hasn't been reached yet considering a strong consolidation at its current support. Let's see what happens! I'm locked in til 2023.
Not advice
What do you think?
XLE SP500 Energy Sector SPDRWhen doing my sector research, I noticed that the stochastic levels were decreasing. I like levels under 50% and this is currently at 24% today. The put to call ratio is under 1 sitting at 0.92 post-market which indicates that there are a tad bit more puts that were closed today versus yesterday which indicates that more calls are slowly entering the market. The energy market is due for a spike in my opinion as the economy is slowly recovering and demand is slowly increasing with talks of the infrastructure bill along increased oil demand as of late. The only thing worries me is the lack of unemployment growth and job acceptance compared to job growth which has been increasing.
As far as the chart itself, on the Daily timeframe I noticed that the RSI is in the "oversold" territory and the MACD just crossed over to the green territory which indicates a possible reversal soon to come. I've also noticed that "Support #1" has potentially been broken. I want to make sure my 4HR and 1HR time frames match to the daily regarding the RSI and MACD which it is pretty close in my opinion. Since "Support #1" has been broken, I went to the 4HR and 1HR to confirm in which I saw the Support #1 being broke through with strong bearish candles. This indicates that price could potentially begin testing "Support #2". I used the fibonnaci indicator to trace a potential retracement from and to the resistance and the support levels to create the discount price area and the target price area.
Before entering I want to see bullish candles in the discount zone on the 1HR timeframe!
I hope this give you some form of sentiment.
Thanks for the support!
CitigroupSeems like XLF has been taking a brief dip. with a stochastic under 50% currently 44% I wanted to find a reasonable company that was near or at a support level on the daily, 4 hour, and 1 hour time frames. Citigroup seems like a good deal to me.
The rsi and the mac d both match on those three aforementioned time frames and I was waiting for some bullish candles to indicate a potential retracement to the upside which is why I used a fibonacci tool to retrace up to 61% of the previous high on the daily time frame. I will only purchase 1 share i case of a future crash and will be patient enough to wait a true discount.
What do you think?
AtntI like Atnt even though their annuals financials are shaky. I love the acquisition of DISCA which will take effect next year. Atnt is at or near a strong support and I like the variety of things Atnt is involved with. I feel that they are making noise behind the curtain and is also claimed to be popularly known as a defensive stock. Stochastic is at support on the Daily and the 1 hour time frame matching the green of the Mac D. Previous was broken so I set a fibonacci tool to retrace up to 61% of the previous in case I want to take profit on some shares.
What do you think?
Verizon WirelessLooks like the XLC is down today when compared to yesterday. Went from a 90% stochastic to currently 79% around noon today. I've been watching sector for the past couple of weeks. In my opinion, this company has reasonable financials with a quality product and consistent customer base.
I noticed that price was at a support a few days ago and entered a debit spread last week. However, I want to own the company so I revisited. I saw last that the stochastic was oversold on the Daily, 4 hour, and 1 hour. Everything looks the same outside of the 4 hour. I'm giving this the benefit of doubt because of the way the market opened today. Price is still at support or close by and I have used the Fibonacci tool to retrace the previous high up to 38-61%.
What do you think?
EURO looking strong today...EUR/USD main idea on todays watchlist. 1.1910 is the target for today. A small rally will be expected off the back of the ECB Lagarde speech.
Hope everyone has had a great week in the markets and trade safe!
Encore Wire Corp.I wanted to make sure the Daily, 4 hour, and the 1 hour timeframe matched. The RSI needs to be oversold and the Mac D needs to be green on all time frames.
This ticker has solid financials but took a covid hit in 2019 and seems to be improving within the last 3 to 4 quarters!
I always want to make sue that my hard earned money is being invested into companies that have proven fundamental history.
This company is a copper, aluminum based company that works within the infrastructure realm and with Biden plan getting a go,I believe this company will get put to good use!
I plan on purchasing 1 share at support #1 ($65) and save my bigger purchase in case price falls to support #2!
I use a Fibonnaci tool to retrace the previous high ($84) up to 61% if possible!
I have a $75 price target.
Good luck! Let me know what you think?
Fifth Third BankI chose this ticker mainly due to XLF reaching under the 50% stochastic zone (Currently 44%). The previous day was at 61%. This told me that I could possibly find a support on a stock within the sector. It just so happens that the IWM (Russell 2k) dipped down to 28%. During the middle to end of May the highs touched near the resistance price of $43 about three times. The previous high was broken and the current low hasn't broken the strong support "yet". Looks like a W pattern is setting up for a retracement up to 61% of the previous high. This company seems like a damaged company that has valuable growth. That's just my honest opinion.
FMC CorporationThe reason I chose this ticker is due to the fact that XLB (basic materials sector) has fell under 50% stochastic currently sitting at 36%. Since Dec of '20, price has reached near the high of $120 about 4 times. It seems like price is currently testing support and is near a strong support. My daily, 4 hour, and 1 hour time frame matches with the RSI being oversold and the mac on the green side. I used a Fibonacci tool to track a retracement percentage up to 61.60% of the previous high. It looks like price could be ready soon for some type of retracement.
What do you think?
Tyson FoodsWhat do you think? There is some consolidation going at support #1. I want to see a breakout above the 50 MA on a smaller time frame at a support. I think this still has more time to fall more.
