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DJI: Kill zone ahead - scary stuff! It's a kill zone. But note carefully there are losses here. You can't win in this business unless you're prepared to lose! I would welcome arguments on that one. The chart shows that the rebellion of price looks powerful but on the squeeze momentum assessment it isn't that powerful. Price movements tend to scare new traders. Well, okay - if you can't take the loss stay out. In this position I cannot predict that price will fall nor can I predict that price will bust up and through the kill zone. All I can do is take a loss - an affordable one. There is a natural bias for winning positions. Hence seemingly unlikely positions tend not to be shown. When price moves north it is natural to think it will continue moving north. But what if the trend picture is showing probability for the south at the same time. Scary stuff! Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30Short
by Captain_Walker
NASDAQ 100 – Week 6 – Earnings to impact Wall Street?A day earlier, the Nasdaq powered to another record closing high as tech stocks outperformed. In the current situation we expect the price to crawl towards the 14000.0 psychological level as we still have some bullish momentum left in the tank in order to wipe-out potential sellers. This target may be reached today, when FED Chair Jerome Powell will hold a speech in 4 hours from now. Another aspect that can impact US100 could come from different companies that would report their earnings today, such as Coca-Cola (KO), UBER, GENERAL MOTORS (GM) & CME. From a technical perspective, the price is moving righteously inside the channel, continuing to create higher-highs with continuous divergence forming on the Relative Strength Index. This is a sign that the bearish trend is running out of fuel, with a bearish move very likely on the cards that can push the price in its 13k’s. We recommend patience and discipline. Don’t jump in any trade without a proper setup. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
UShort
by financialflagship
4
Why $AVGR skyrocketed in 2021?Avinger (NASDAQ:AVGR) is seeing a massive boost to its stock on Friday after being listed as a hot penny stock to buy on Robinhood. The recent interest in AVGR stock comes after PennyStock.com published an article about its top penny stock picks for January 2021. Avinger takes the top spot on that list with a price target of $1, which represents a 53% premium to its closing price on Thursday. Avinger launched Tigereye in a limited release in the U.S. and Germany in the fourth quarter of 2020. The company is planning to expand its release of the medical device in the U.S. in the first quarter of 2021. This will have it reaching a full commercial distribution of Tigereye during this period with a national launch taking place this month. finance.yahoo.com
A
by AlenCiken
2
DOW JONES 30 (DJIA) – Week 7 – Will we fill the GAP?The Dow Jones Industrial Average hit a new high in Tuesday’s session, with Salesforce (CRM) stock being the top gainer in the Dow Jones today, up 3%. Besides Salesforce.com (CRM), JPMorgan (JPM) and Goldman Sachs (GS) also outperformed in the blue-chip index. Another important factor was the big jump in the 10-year Treasury yield, which rose 9 basis points to 1.3%. From a technical perspective, the price is moving up and down inside the ascending channel for a while now, with a chance of an increase towards the 32000.0 psychological level which coincides with a possible resistance area generated by the channel. We expect the price to crawl upwards in the short-term, but the bigger picture points to a price depreciation that can fill the gap formed at the beginning of November. We recommend patience and discipline. Don’t jump in any trade without a proper setup. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
TVC:DJIShort
by financialflagship
10
NOK - 3 Potential Moves in the short termHey guys, On multiple time frames, NYSE:NOK appears to have broken out (at the end of Friday). When I say "broken-out", I mean it has pushed through the falling channel it has been caught in on the hourly chart for a couple of days. Its hard to tell how it will react now that the weekend has passed, but I am hoping for some positive upward movement. NOK is involved in the 5G race, and has some potential to be a long term hold regardless of what occurs during this trade. It has just about had a full 100% retracement back to the price prior to the pump, AND it has confirmed uptrend candles (green candle) on the 4hr and 1D charts. In addition, the monthly chart (although red) closed outside of its downtrend resistance - signifying potential longer term uptrend. I apologize in advance for not having a strong enough account to post multiple pictures or graphs of the different time frames. If you look at area #1, we can see the large green breakout candle and then what appears to be a flag/pennant forming (see descending red trend line and horizontal white support line. I was fortunate to purchase NOK when it was evident it was going to close, so I am already in profit, but am also entering a new position. If we look at area #2, we can find evidence of the most clear resistance zone NOK faces should it try to make a move upward. See the two horizontal red resistance lines and refer to the left side of the chart to see that it has been tested prior to NOK's huge pump. Lastly, if we look at area #3, we can see evidence of the most clear FIRM support (green horizontal lines) where there is good buying power. Ok, now that we have a better understanding of how things are looking, there are about 3 likely scenarios (anything could happen TBH so have stops set). The First scenario can be signified by the GREEN prediction lines The Second scenario can be signified by the ORANGE prediction lines The Third scenario can be signified by the RED prediction lines Keep in mind that, on average, when a stock breaks out of any form of resistance or support, it tends to retest that same zone before continuing its moves up or down (see the prediction lines for a better understanding) Patience is key, I can see myself setting a buy order $4.08 and a tight stop at about $4.04/$4.03 incase it takes the Orange Prediction line, OR set a buy order at $4.16 with a tight stop so I can buy at $4.08 if it fails. This is what I am doing with my money, please make your own decisions. You are responsible for your money and what you do with it. Good luck guys.
NYSE:NOK
by UnknownUnicorn1940998
1
EOS / USD Main trend. Triangle 1444%. Breakdown 18.22 / 44The graph (logarithmic) shows the main trend of cryptocurrencies like EOS versus USD. The base of the triangle is 1444%. Its maximum formation target is the $ 44 -46 zone. Now there is a breakdown of its resistance (for the third time) from $ 3. The resistance of this triangle acts as the descending line of the main trend. The accumulation took place in the area of ​​$ 2.44-3. Please note that the lows of this cryptocurrency showed such numerical values ​​as 0.4972 and 1.1813. The high prices were 18.22, followed by 5.4882. The coin is suitable not only for local speculation, but also for positional trading. It is from time to time in the top ten of the TOP. Now in 17th place. This is not just a price chart for speculation.
BITFINEX:EOSUSD
by SpartaBTC
9