MSTR LongLarge bid absorption could be signifying a reversal from downtrend. Unless a big seller steps in this could run.
Volume
How to Use Fibonacci Retracements with Supply and Demand on SPYI go through an A+ setup that made me some money today on SPY. I love this strategy because it is simple and easy to learn you can also manage your risk well. Let me know how your trading day went in the comments and let me know if you have any questions.
Continuation Long XBIMassive Bid absorption this week could propel XBI to highs with the continued momentum. If buying continues in large quantities we could see a new high
TGT Reverse LongThere is over 22 million bids this week before earnings that shows a long biased for earnings. Looking to return to highs or until a big seller steps in.
Sweet spot to sell USD/JPYHopes of feds cutting rate is getting more credit across the market and we also have Powell about to speak in the morning.
If he further confirms what the rate cuts anticipation, then it's fair to expect a continuation of the USD/JPY dump . At the least we can take some profit at value area low and leave a runner for an expected lower low
ITC | SWING | LONGPrice is showing high momentum.
Price is making base near ATH.
Volume activity is also really good.
#XAUConfirming the peak at 2531, adjustment or further increase?Gold analysis on August 21, 2024:
After forming a peak in the 2526 - 2530 region as predicted, gold has experienced a correction to the 2500 area and then rebounded. This is not yet the point enough to create a strong upward trend for gold. The possibility of a deep decline to create momentum is still very high. Prices of 2450 or even 2435 are still expected.
The trading trend today remains SELL.
Key price areas to note:
SELL zone: 2520 - 2525 and 2529 - 2533;
BUY zone: 2502 - 2507 and 2490 - 2495.
Recommended orders:
Plan 1: SELL XAUUSD zone 2521 - 2523
SL 2526
TP 2518 - 2510 - 2500 - 2490.
Plan 2: SELL XAUUSD zone 2513 - 2515
SL 2518
TP 2510 - 2500 - 2490 - 2480.
Plan 3: BUY XAUUSD zone 2490 - 2492
SL 2486
TP 2495 - 2500 - 2510 - 2520.
The 3 Reasons Why SBUX Is Trending UpNow when i was scanning looking for a good
opportunity to buy or sell stocks,
i came across this stock NASDAQ:SBUX
Honestly, i was not expecting it
to be the one to buy
but then I remembered in my
trading studies, that Gaps
Do happen even though they dont
happen often
the Gaps are my number #1 favourite
patterns to trade
infact that how i started
writing articles for trading
Every single week I would look
for a stock that has gapped that
week, then forecast it as
an uptrend, and by doing this
my following grew.
It was a simple strategy
honestly i never even traded those
patterns
it was just so simple and
so i shared the ideas.
And i noticed that most of them
did actually go up in price even though
some failed, but the majority
of them did go up in price
The 3 Reasons Why SBUX Is Trending Up:
-The stock price has gapped up
-You will notice a breaking news of insider selling
-This chart follows the last step of the rocket booster strategy
called "the gap-up trend" which is the last step.
If you would like to learn more
then rocket boost this content also check
out the resource links below.
Disclaimer: Trading is risky you will lose money
from trading please learn risk management
and profit-taking strategies.
Top 3 Headlines Related To GoldI see why most investors love, gold because
the demand for gold is high
in fact, what makes Gold so unique
is that central banks around the world
are buying gold.
Sadly this is not good news for the
economy because it
means your local currency if it is not
backed by
a gold standard will eventually crash
and burn
so here are the top 3 headlines
related to gold
according to Tradingview breaking news:
-Gold Rises
-Gold Steady
-S&P Ends Winning Streak
Now you can check out more of
these headlines,
on tradingview break news
button below the
price of the Gold chart highlighted
on this chart.
Remember to rocket boost
this content to learn more
Disclaimer:Trading is risky,
you will lose money
whether you like it or not so, please
learn risk management and
profit-taking strategies,
Inverted hammer Lesson with some good set up ideas I go through the chart on spy for August 20th 2024 and show the good setups throughout the day. Another losing day for me today but we keep moving forward. Thanks for watching and supporting me.
The NASDAQ index is gearing up for new high. H4 20.08.2024The NASDAQ index is gearing up for new high
NASDAQ index made a major segment overlap up and the question is if they are going to give a pullback before continuing the growth. Along the way they formed 2 important buy zones, but there is no culmination at the top. I expect a pullback down to the zones and then buying. Most likely we will push from the nearest zone 18920-19200 and then rise to test the high near 21000. Also, just in case I have specified the far zone of buyers 18400-18670, but it is unlikely that we will reach there.
SUMICHEM | COMING OUT OF HUGE BASE | HIGH MOMENTUMMaking a contraction near all time high
Volume Contraction
High Momentum
A Swinging Market Retesting Sell Offs BTC, ETH, SOL, alts, and most assets like to swing up and down moving from liquidity zone to liquidity zone.
Whales need price to come to these areas of interest in order for them to put on their large position sizes without getting clobbered from slippage and large spreads. They take out the areas where large orders sit then price reverses or finds support/ resistance.
Here I have shown where large sell offs happened and the consistent retesting of such levels.
There remains a lot of liquidity up above 60k and prices left untested. Idk when but I am aiming for 64k and 69k then a breakout eventually.
A retest of 52k ish is not out of the question but we look to be in a similar spot as we were back in early May before a breakout back to the range high (70k)
A true invalidation is if price breaks down further than 50k and begins to hold below it.
The volume has been low this past week with very choppy price action and lull periods. A major move in either direction is still in question.
BINANCE:BTCUSDT
ES (S&P 500 Futures) continue with the UptrendOn ES (S&P 500 Futures), it's nice to see a strong buying reaction at the price of 5618.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Trend Trading of Netweb TechnologiesIntroduction
Netweb Technologies India Limited is a leading Indian-origin, owned and controlled OEM in the space of High-end Computing Solutions (HCS). The company has been at the forefront of cutting-edge innovation for two and a half decades, with a focus on high-end computing solutions and comprehensive manufacturing capabilities. In this report, we will analyze the company's financial performance, growth drivers, and technical analysis to identify potential trends and opportunities for trend trading.
Financial Performance
Netweb's financial performance has been impressive, with a significant increase in revenue, EBITDA, and PAT. The company's revenue grew from ₹ 2,624 Mn in FY2021 to ₹ 7,359.62 Mn in FY2024, with a CAGR of 166.3%. The EBITDA margin also increased from 15.8% in FY2021 to 29.4% in FY2024. The PAT also grew from ₹ 759.03 Mn in FY2021 to ₹ 759.03 Mn in FY2024.
Growth Drivers
Netweb's growth drivers include:
Enhanced Capabilities: The company has commissioned a cutting-edge manufacturing facility equipped with the latest Surface Mount Technology (SMT) in May 2024.
Enhanced Opportunities: The growing investment in Generative AI infrastructure by government bodies and large enterprises is driving demand for large language model (LLM) oriented solutions.
Expanding Product Portfolio: Netweb's diversification by offering Enterprise-grade network Switches opens up new opportunities and markets for the company.
Strong Topline Visibility: Netweb boasts a robust pipeline valued at ₹ 34,466 Mn, alongside an L1 value of ₹ 3,142 Mn and an order book of ₹ 4,112 Mn as of March 31, 2024.
Technical Analysis
Based on the company's financial performance and growth drivers, we can identify the following technical trends:
Trend Line: The company's revenue trend line has been consistently increasing, with a CAGR of 166.3% over the period of FY2021-FY2024.
Moving Averages: The 50-day moving average has been consistently above the 200-day moving average, indicating a strong uptrend.
Conclusion
Based on the company's financial performance, growth drivers, and technical analysis, we can conclude that Netweb Technologies India Limited is a strong trend trading opportunity. The company's revenue trend line has been consistently increasing, with a CAGR of 166.3% over the period of FY2021-FY2024.
Disclaimer
This report is for informational purposes only and should not be considered as investment advice. The reader should do their own research and consult with a financial advisor before making any investment decisions.
Repositioning Silver to buy H4 19.08.2024 Repositioning Silver to buy
Silver has formed a pattern of repositioning to buy
and if the pullback is given, I will look for a buy at 1/2 margin 27.90 to continue the growth.
I am targeting the area of 30, and further I will clarify.
On options bounced off the option hedge area at 26.50
and the hedge up around 30 and 32 is filled.
The main OI has now moved to the new December contract,
so be careful with volumes, they have only just started to come in from last week.
Rising Wedge breakoutGood volume buildup in daily as well as in weekly timeframe.
Highest ever volume buildup in this stock since its IPO.
Rising wedge pattern breakout with good volume.
Fundamentals are good.
FII & DII stakes are up.
NOTE: I do my analysis, do your before trade.
Lessons From my Losses August 19th 2024 Today the price action again was not ideal. I talk about not getting into trades based on FOMO and overtrading, which I did today. I am a little upset with myself as I was not disciplined. I showed a trade with great confirmation on the 15-minute chart I missed. Let me know what you guys think in the comments and tell me about how your trading went today!
SUI/USDT Analysis Heading Towards $2.10?Current Price: $0.859
🟢 Key Points:
Fibonacci Retracement: SUI/USDT is currently trading within the "Golden Pocket" between the 0.618 and 0.65 Fibonacci retracement levels, a critical area often associated with strong buying interest.
Price Target: The 2.618 Fibonacci extension suggests a potential target of $2.189, which aligns with recent technical developments.
Latest News Impact: The SUI ecosystem is seeing significant activity, including potential bullish momentum driven by recent developments such as Grayscale's announcement of a new SUI trust fund and notable OTC bids from large investors. These factors have contributed to a positive market sentiment, with SUI potentially poised for a 40% rally in the near term (CoinGape) (TradingView).
🔄 Potential Scenario:
After a strong recovery from recent lows, SUI might push towards the 1.618 Fibonacci extension ($1.527) and eventually the 2.618 extension ($2.189). The recent price action, bolstered by strategic network upgrades and increased institutional interest, supports this outlook. However, traders should be mindful of potential pullbacks, especially if SUI fails to hold its current support levels (CoinGape) (World Coin Index).
💡 Conclusion:
With recent bullish developments, SUI/USDT shows promising signs of a rally towards $2.10, especially if key resistance levels are broken. Short-term dips could present buying opportunities in light of the ongoing positive market sentiment.
BANK NIFTY Podcast Strategy - 19Aug20242 trades taken.
1st trade closed with 1:1 risk reward
2nd trade closed minimal loss
KINGFA | VOLUME CONTRACTION | HIGH MOMENTUMCreating a nice base near highs
Volume contraction
High Momentum
Caution:
Overall market conditions are highly volatile which can impact the trade idea
NZD/USD Day Trading analysisOn NZD/USD , it's nice to see a strong buying reaction at the price 0.60280.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
AUD/USD Day Trading Analysis With Volume ProfileOn AUD/USD , it's nice to see a strong buying reaction at the price 0.66350.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
