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KASPA TECHNICAL ANALYSIS + TRADE PLAN 2024 BY BLAŽ FABJANTA+TRADE plan by Blaž Fabjan Descending Triangle Formation: A clear descending triangle pattern is observed with lower highs (resistance) and a horizontal support around the $0.14 level. This is typically a bearish pattern, but in some cases, it can lead to a breakout to the upside. The current price is close to the triangle’s apex, indicating a potential breakout soon. Support and Resistance Levels: Resistance: The downtrend resistance line is around $0.145 to $0.15. A break above this level would indicate a bullish reversal. Support: The horizontal support around $0.14 has been tested multiple times. If the price breaks below this, it could trigger a further decline toward the next major support at around $0.13. Indicators: Volume Moving Average Convergence Divergence (VMAC): There are visible divergences, suggesting that momentum might be building. The overall indicator seems to support a bullish divergence. Relative Strength Index (RSI): The RSI is near the oversold region (~35.49). This suggests that selling pressure might be easing, and a reversal could be imminent. Stochastic Oscillator: The stochastic is near oversold levels, which often precedes a bullish move if it crosses upward. Hull Moving Average (HMA): The histogram is showing signs of reduced bearish momentum, with green candles suggesting a possible bullish shift. Trading Strategy Bullish Scenario (Breakout to the upside): Entry: Consider entering a long position on a confirmed breakout above $0.145-$0.15 (the resistance line). This would signal the end of the descending triangle and likely lead to upward momentum. Target 1: $0.17, which would align with the projected move from the triangle breakout. Target 2: $0.19, a previous high and psychological resistance level. Stop Loss: Place a stop loss below $0.138 to minimize risk in case of a false breakout or bearish continuation. Bearish Scenario (Breakout to the downside): Entry: If price breaks below the $0.14 support level with volume, it could signal a bearish continuation. Short positions could be considered in this case. Target 1: $0.13, the next major support. Target 2: $0.12, the next significant psychological support level. Stop Loss: A stop loss above $0.145 (above the resistance) would minimize risk if the trade reverses. To sum up: The current technical picture is at a critical point with a descending triangle suggesting a potential breakout in either direction. The oversold conditions in the RSI and stochastic, along with possible bullish divergence, lean towards a bullish breakout. However, be prepared for a downside if the $0.14 support fails. Monitoring the volume during the breakout is crucial to confirm the direction and strength of the move.
Long
by elfabiiani
2
AUDUSD 2H Buy longAUDUSD 2H Buy long Reason for going long:Chart trading system (up channel ) + Harmonic pattern (bullish bat pattern) + Volume distribution trading system +SMC order block strategy (bullish order block) + Price trading behavior (waiting for confirmation of bullish candlestick pattern)=Going long The entry level for AUDCAD is around 0.92000,and the stop loss level is set at 0.91800. The first target is around 0.92786,halving the warehouse and promoting protection. Look around 0.93300 for the second target position,then halve the position and push for protection. Look around 0.93888 for the third target position,then halve the position and push for protection. Follow the tail position and reduce the positin for protection.
Long
by Jasmine-Flower
17
GBPCHF 30 minute short sellingGBPCHF 30 minute short selling Reason for short selling:Chart trading system (downtrend channel) +Harmonic pattern (bearish bat pattern) +Trading Volume distribution trading system +Supply and Demand theory (bearish order block) +Bearish Pinbar=Short selling The current price of GBPCHF is around 1.12629.Go short directly and set the stop loss level at 1.12960. The first target is around 1.12100,halving the warehouse and promoting protection. Look around 1.11500 for the second target position,then halve the position and push for protection. Follow the tail position and reduce the position for protection.
Short
by Jasmine-Flower
1
USD/CHF Bullish Breakout with Potential Retest and Rally to 0.8Analysis: Recent Trend: The price has shown a clear rally after a period of consolidation between 0.8440 and 0.8510. After testing the lower bound near 0.8440, there was a significant breakout above 0.8510, leading to a sharp upward movement, peaking around 0.8574. Support & Resistance: Support: 0.8470 - The previous consolidation area and where the price bounced several times before breaking out. Resistance: 0.8570 - 0.8580 - The area where the price is currently facing some resistance after the breakout. Momentum: The sharp rise indicates strong buying momentum, with buyers pushing the price higher. However, as it approaches the resistance zone, traders might take profits, leading to short-term pullbacks. Volume: There seems to be an increase in volume as the breakout happened, which validates the strength of the move. Higher volume during breakouts typically signals confidence in the trend. Prediction: The breakout from the 0.8510 consolidation zone signals a bullish trend. The pair is likely to continue upward momentum, with the next significant resistance zone around 0.8580-0.8600. However, a pullback to retest the support zone at 0.8510 could occur before further upward movement. Trade Idea: Entry: Consider entering a buy position if the price consolidates above 0.8510 after a pullback, with confirmation from bullish candlesticks or technical indicators (like RSI or MACD). Profit Target: Aim for a target of 0.8600, which is the next resistance zone. Stop Loss: Place a stop loss below 0.8470 to account for false breakouts and downside risk. Let me know if you need any more detailed suggestions or would like adjustments to this strategy.
Long
by toddturpin
Xiaomi (1810): Major Gains, Next Targets and Updated StrategyThe Hang Seng Index and its constituent stocks have been surging higher, with Xiaomi leading the charge 🚀. The setup we had on Xiaomi was quite similar to the one for Alibaba, featuring a tight stop-loss and a high risk-to-reward ratio, which, just like NYSE:BABA , worked out perfectly. Although we aimed to catch the end of wave (ii), we missed the entry by just a few HKD. Despite this, the position is now up an impressive 85% since we initially sent out the entry back in March. We have taken our first round of profits as we haven't locked in any gains yet, and we have moved our stop-loss to the break-even point. However, we are confident that Xiaomi will not revisit this level for a long time. We took profits upon reaching a key wave 3 extension level. While we expect further gains on the lower time frame, we must also respect what the higher time frame indicates. Whether it's longing wave (iv) or wave 4, the choice depends on whether we are right about the higher or also the lower time frame. On the higher time frame, we anticipate a maximum rise to 30 HKD before we see a significant correction. We believe there is still substantial upside potential for Xiaomi – it's only a matter of time. We'll keep monitoring both scenarios closely and act accordingly 📈.
HKEX:1810Long
by freeguy_by_wmc
PCRX Pacira BioSciences IncFundamentals - This stock should be prices at 30(50%) up according to the previus pricing logic with the forward earnings. - I think that this stock is pressed down because an institutional buyer that left to rapid, I don't know what the motives are. (Mabey the lost of 50% in 2 years did.) (Or if you see the traditional models, growing cashflow and earnings growing and the stock keeps decreasing every month, I would also say it's cursed. But why don't you exit way earlier then? Or is that when you get a 50% discount?) - Increase in earnings, good cashflow, good low dept. Oppinion, undervalued, excellent risk-reward. It's worth the risk of taking this trade, I took a good profit and am now scaling up. I would not recommend trading higher with 400K or call flow traders for a put option.
NASDAQ:PCRXLong
by leohanhart1996
Analyzing JK PAPER LTD: A Technical Perspective In this analysis, we delve into the recent price movements of JK PAPER LTD, utilizing a combination of trendlines and the MACD&OBV indicator to uncover potential trading opportunities. Weekly Trendline Analysis The yellow trendline on the weekly chart highlights a long-term upward trend that has been in place since December 2021. This trendline has acted as a strong support level, with prices consistently bouncing off it. The sustained upward momentum suggests a bullish sentiment among long-term investors. Daily Trendline Insights On the daily chart, the orange trendline provides a closer look at the short-term price movements. This trendline has been tested multiple times, indicating its significance in the current trading environment. The convergence of the daily and weekly trendlines around the 600-640 price range suggests a critical support zone that traders should watch closely. MACD&OBV Combination The MACD&OBV indicator, with OBV as the source applied to MACD, offers additional insights into the stock’s momentum. The OBV tracks the volume flow, while the MACD helps identify changes in the strength, direction, momentum, and duration of the trend. The recent crossover above the zero line in the MACD&OBV indicator signals a potential bullish reversal, supported by increasing volume. Key Takeaways Support Levels: The yellow weekly trendline and the orange daily trendline converge around the 600-640 price range, forming a strong support zone. Bullish Signals: The MACD&OBV indicator’s recent crossover above the zero line indicates a potential bullish reversal, backed by strong volume. Trading Strategy: Traders might consider entering long positions near the support zone, with a stop-loss slightly below the weekly trendline. Monitoring the MACD&OBV indicator for further confirmation can enhance the trading strategy. Conclusion JK PAPER LTD presents an interesting case for technical analysts and traders. The combination of long-term and short-term trendlines, along with the MACD&OBV indicator, provides a comprehensive view of the stock’s potential movements. As always, traders should conduct their own research and consider market conditions before making any trading decisions.
NSE:JKPAPER
by stocktechbot
EURUSD 4H Buy BullishEURUSD 4H Buy Bullish Volume distribution+chart trading(rectangular high sideways oscillation)+bullish Saif Pattern+supply and demand theory+bullish Pinbar=Buy Bullish Enter the long position directly near the current price of EURUSD around 1.10300,and place the stop loss at 1.09900. The first target is around 1.11200,halving the warehouse and promoting protection. Look around 1.12000 for the second target position,then halve the position and push for protection. Do not set a new high,enter the market with a backhand to short.
Long
by Jasmine-Flower
1