Get started

Trianglebreak

BASF SE (BAS.de) bullish scenario:The technical figure Triangle can be found in the daily chart in the German company BASF SE (BAS.de). BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. The Triangle broke through the resistance line on 03/09/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 20 days towards 45.93 EUR. Your stop-loss order, according to experts, should be placed at 40.21 EUR if you decide to enter this position. BASF stock should be very attractive to investors, given its recent performance. In a macroenvironment where costs are eating into the bottom line of every company, the firm managed to buck the trend. Sales reached 23 billion Euros in Q2, increasing by 16.3%. Net income increased by an even greater 26.3%, reaching 2.1 billion Euros. The strong quarterly results led BASF to increase sales guidance to between 86 to 89 billion Euros for 2022. CEO Martin Brudermuller succinctly summarized the situation, “Despite the continued high raw materials and energy prices, we again achieved strong earnings in the second quarter.” Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:BASLong
by legacyFXofficial
USDCHF | Perspective for the new weekThe momentum drive on the USDCH has been bullish since the beginning of the year and the sudden breakout of the bearish trendline identified on the daily timeframe is likely going to be a confirmation in that regard. In this video, I shared my technical opinion on my expectation this week as I look forward to a potential rally continuation. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
3
AUDUSD - PULLBACK REJECTION TRADEAUDUSD was one of my favorite pairs to watch last week as we had 2 of my favorite patterns (Head & Shoulders & Descending Triangle) completing at the same location. Since then we've gotten our breakout & now the market is offering another opportunity to get involved. After the initial pullback into the breakout point/neckline, price put in another new structure low confirming the move before ending the week with another pullback test. The thing to note on this pullback is that price, not once but twice tried to violate the highs before getting aggressively rejected which is a positive sign for bears. The bearish projection is still our previous lows from mid July. If you have any questions about this idea please let me know in the comment section below. And of course I would love to hear your views as well. Akil
Short
by Akil_Stokes
GU-NIT Sunday GU fell like no ones business and kept falling. We were retesting some previous monthly lows so the drop was expected. Placed some trades on 8/28 entering after a break of rejection (1.17330) exiting at a period of consolidation or correction (1.16760) Priced corrected during London session, having my analysis from Sunday gave me an edge for NeW yOrK SeSsIoN. 1.6760 was an area of rejection, support becoming resistance... whatever you like to call it. Once a close above that area, I initiated a long position back up to entry from Sunday exiting at 1.17445 Happy Monday It IS! Happy Trading Week !
Short
by KeyTrades17
2
ITC - NSE INDIAIndia Tobacco Company Limited . The Achilles heel of every investor. Company website- www.itcportal.com Honest management, low debt , high dividend yield 4% , growing sales yoy Diversified businesses - Fast Moving Consumer Goods ( fmcg) , Hotels, Paperboards and Packaging, Agri Business and Information Technology. FAMOUS BRANDS- Aashirvaad - Atta/ flour Sunfeast- biscuits and bakery Yippee! - noodles ( 2nd best to Nestle's Maggi noodles ) Bingo! - chips and snacks. CIGARETTES- Insignia, India Kings, Classic, Gold Flake, American Club, Wills Navy Cut, Players, Scissors, Capstan, Berkeley, Bristol, Flake, Silk Cut, Duke & Royal. ____________________________________________________________________________________________________________________________________________ Trade Technical- A classic triangle break, investor prayers to be answered for a reversal. A good buy.
NSE:ITCLong
by EVOQUE5000
19
USDT DOMINANCE BREAKOUT! BAD FOR BTC!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT Dominance update. USDT Dominance works opposite to BTC. If USDT.D bounces BTC dump or if USDT.D dumps, BTC starts pumping. Now let's get to the chart. USDT Dominance breaks out from the triangle in the daily time frame and it looks very bullish to me which is very bad for the crypto market. If this pattern plays out completely then don't be shocked if we see a new low of BTC but it's early to say time will tell. As of now, we have a 100D MA resistance ahead from there we expect rejection and a relief rally in BTC. Until and unless USDT Dominance breaks below the $5.7 level don't expect a bullish market. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
CRYPTOCAP:USDT.DLong
by CoreCrypto1
2