UROY Uranium finance lease mining play LONGUROY does royalties foe uranium mining ore to refined et cetera. On the 60 minute chart,
it has been on fire this week picking up 30% in market cap showing explosive volumes
at 5X and sustained. The past two days have been rest and recuperation in consolidation.
The zero-lag MACD suggests there is more upside in the near term with a line cross under a
histogram rising from zero. The advanced RSI indicator shows a relative strength pullback from
80ish to about 65 and surprisingly the linear regression lines suggest an oversold state at
present. I will take a long position here which may be risky at nearly 2 standard deviations
above a rising mean VWAP and extended from the POC line of the volume profile but the
supertrend indicator is showing a stepped rise and that is good enough for me. I have a
new position in UEC a penny energy stock in the uranium subsector.
Volumeanalysis
Uninspiring Technical Patterns Ahead of NFLX EarningsLike many others, NASDAQ:NFLX has shifted to a wide sideways trend ahead of its earnings report today after the close. There is no pre-earnings run here. Current volume and price trend are not patterns that inspire a good earnings surprise.
HFTs are always watching news ahead of open on high-profile stocks to get ahead of retail market orders. A gap is likely at tomorrow's open.
SIRI is pulled back for a LONG entryOn 1 120 minute chart, SIRI is now well positioned having tested the support of
two sets of VWAP bands anchored back two earnings periods and so 3 months apart.
The mean VWAPs are confluent and so form strong support. I expect the price to
return to the early December high and test that level. In the past day a buying volume
aberrant spike was printed. The MACD lines have been crisscrossing under the histogram
signaling support of the cons9olidation of price with a series of Doji candles before the
final engulfing green dandle. Of interest, the next expiration of the options is February 16th.
On that date the dominant option strikes are %5.00 , %5.50 and $6.00
$5.00 is the present level for the strong support of the confluent mean VWAPs aforementioned
It is in this range that I will join the options activity for the time being. I will take a few calls
at each strike level as they are presently priced at $ 12- $ 32 per contract. I will also
take 10-20 shares of stock in a short position to provide a little risk-off hedging.
Looking Long! Heavy Support formed, while in a triangle.Compare this Chart to BTC2 as per my X post, we can see a big base o support formed with volume, price traded around that POC support, then brokeout nearly 80%. I am expecting at least a breakout, % wise, who knows with these low vol alt coins.
BEAMX/USDT Trading IdeaBelow is a speculative idea for the BEAMX/USDT coin pair.
After reaching its historical maximum in mid-December at a price of $0.027332, the asset experienced a correction, resulting in a decrease of more than 38%. Following the completion of the correction, there was a consolidation phase.
At present, a resistance level has been identified at $0.023531. Additionally, an inclined support level has been detected, indicating stability in the asset within this price range.
As part of the trading strategy, we anticipate a potential third approach of the price to the resistance level at $0.023531. If this scenario is confirmed with active trading near this level, we consider entering a position with the goal of surpassing the resistance level and further moving towards the historical maximum, potentially leading to a 15% increase.
In the event of strong market support, there is also consideration for breaking the all-time high at the price level of $0.027332, which could be viewed as a potential entry point.
LINK - Sweep The Highs, Then The Lows ,Then Up.#Link
Another beautifully deceptive flag that sweeps the highs then down to the lows, perfect for milking emotional retail.
Another time based flag whipsawing fear into the leverage, cheek clinching group of retail Traders. First convince them to long then to short, then up.
Sweep the highs -> sweep the lows -> grind up past support -> bounce off heavy support -> Up
TSLA Bullish Volume DetectedTSLA on a 15 minute chart is showing bullish volume trend as detected by the Unusual Market Volume Detector indicator.
Green color showed up after consistent Red for the last week or so. The bullish Price Action is consistent with the bullish volume trend. Watch out for any Divergence i.e. Purple color in the lower panel. More importantly what color shows up after the divergence will be the key.
Selling resumed Today in NFLX/ NetflixIt is profit booking for sure, there is clearly a Red TrapZone and Red UMVD in place for now. So only shorts are active now for Netflix.
TrapZone and UMV combined together are complete automated technical analysis indicator package. You get to clearly see in Realtime the market trend strength and volume confirmation.
Major Support Found on BIGTIMEAfter seeing a perfect retest of support at the .24-25 value zone, that marked a top back in October 23, we had an 80% bounce. Keep your risk situated for crazy volatility.
Continuing the run further would see at least a test of the .55-.56 value area, though this may be a week or 3 away after coiling up for another spring board breakout during rotation. I'll add more zones above the .55 major resistance area as we get closer, just in case we hit some major bull moves.
TSLA: Has finally reached its critical support (D & W analysis)!TSLA shares have corrected to the support level we identified in our last public analysis, in the vicinity of the green line at $230, between the 50ma and the 200ma. In fact, it looks like the 200ma is serving as our last support, since the price is bouncing right back after hitting this indicator. The link to my previous public analysis is below this post, as usual.
Volume has fallen sharply and TSLA's shares are very weak, as it is the only one among the "magnificent 7" that is not showing any signs of recovery this week.
In two weeks the company will release its earnings report, and this will be an important event, but until then, we don't see any technical signs suggesting a bottom. Yes, the price has reached an extremely important support point, but we need to see confirmation of a bottom signal to believe in a decent recovery.
Despite the signs of weakness, the price is not in a downtrend yet, for that we need to see LHs/LLs. Now, let’s look at the weekly chart:
From a technical point of view, the next resistance is around $300, the previous top. Can TSLA get there? In theory yes, but in practice we need to see a clear bottom signal, as mentioned in the analysis of the daily chart.
You have to admit that if TSLA were going to react, now would be the perfect time, we just need confirmation. On the other hand, if the price loses the critical support point on the daily chart, nothing would prevent a sharper correction on the weekly chart, perhaps to its next support around $207, or even to the support line of its Descending Channel. This would frustrate the breakout of the previous resistance of this channel, characterizing a false breakout, a powerful bearish signal.
If you ask my personal opinion, I wish to see TSLA making a bottom around this support area, as the Risk/Reward ratio for a long trade would be attractive, however, we see no confirmation yet, and there is no meaningful bullish reaction suggesting a possible recovery yet.
I’ll keep you updated on this, so consider following me for more analysis like this, and support this idea if you liked it.
All the best,
Nathan.
Confirming Chart Patterns Through Volume AnalysisVolume Analysis: Confirming Chart Patterns and Institutional Interest in Minervini's Strategy
Introduction to Volume Analysis in Minervini's Strategy
In the realm of stock trading, volume analysis stands as a critical component, especially in the methodologies championed by Mark Minervini. Renowned for his remarkable success in the stock market, Minervini's strategy incorporates a nuanced understanding of volume analysis to enhance decision-making and identify prime trading opportunities. This section delves into the integral role of volume analysis in Minervini's approach, emphasizing its function in confirming chart patterns, signaling institutional interest, and understanding market sentiment.
Volume Analysis: Confirming Chart Patterns and Institutional Interest in Minervini's Strategy
Confirming Chart Patterns Through Volume Analysis
Volume, the total number of shares traded in a given time frame, serves as a powerful tool in verifying the strength and reliability of chart patterns. In Minervini's approach, a chart pattern is not just seen through the lens of price movements but is also analyzed in conjunction with volume. For instance, when a stock forms a pattern like a cup-with-handle, Minervini looks for an increase in volume as the stock breaks out of the pattern. This increase in volume is crucial as it confirms the pattern's validity and suggests a strong buying interest, increasing the likelihood of a successful trade.
Volume Spikes as Indicators of Institutional Interest
Minervini pays close attention to volume spikes - sudden increases in trading volume. These spikes are often indicative of institutional buying, which can significantly impact a stock’s price movement due to the large quantities of stock bought or sold by institutions. When a volume spike coincides with a breakout from a recognized chart pattern, it is often interpreted as a strong signal. This is because institutional involvement can provide the necessary momentum for a stock to sustain its breakout and continue its upward trajectory, making it an attractive trade opportunity.
The Significance of 'Quiet' Volume Periods
Equally important in Minervini's analysis is the recognition of 'quiet' volume periods. These are phases where volume is below average, often observed during the formation of the 'handle' in a cup-with-handle pattern or other consolidation patterns. Quiet volume periods suggest that selling pressure is diminishing and that the stock is not facing significant resistance. For Minervini, these periods are a key indicator, as they often precede strong breakouts. The rationale is that when a stock eventually breaks out on high volume after a period of low volume consolidation, it indicates a renewed interest and a potential change in trend, making it a prime candidate for trading.
In conclusion, volume analysis plays a pivotal role in Minervini’s trading strategy. By integrating volume analysis with chart patterns and understanding the implications of volume changes, Minervini crafts a more complete and robust trading strategy. This approach not only enhances the probability of identifying successful trades but also aligns with his overarching emphasis on precision, discipline, and risk management in the pursuit of stock market success.
INJ/USDT Speculative TradingWe are considering a speculative trading idea on the INJ/USDT coin pair.
Since the beginning of December 2023, there has been a noticeable increase in the asset, starting from the $16 level and reaching a maximum of $45. This growth amounted to more than 179%, indicating high interest in the asset from buyers.
However, after reaching the $45 mark, the asset underwent a correction, decreasing to the $29 level. During the correction, there was a false crossing of the 200-day moving average, followed by a sharp increase. The second touch of the $45 level occurred on January 9, forming a resistance level, indicating the significance of this level in the current context.
Considering the current trend, we can predict that the asset will consolidate near the resistance level at $45, with a subsequent breakthrough and establishment of the price above this level. In this case, there is a possibility of opening a long position on the asset upon retesting the $45 level and then holding the asset until the price reaches around $54, which could provide additional profit opportunities of around 20%.