MKS weekly time frame analysisMKS has created a higher low on the weekly time frame. It's a great confirmation of the uptrend after such a brutal long-term bear trend.
Expecting 100 % move up on weekly so it will take some time but our target would be around 377 $.
However it's not the best entry now as the stop loss would have to be placed below 90 $. So it's not a trading idea with a low risk and high reward setup.
From another hand, if you believe in MKS bullish trend, it may be still a good investment for the next months .
5 years for Sage to break out?It's taken 5 years for Sage to break out from 824 resistance. Good results today have seen the price initially increase by about 4%. Let's see if this is a true break or a bull trap as it was in Dec 2021.
Looks bullish to me but do your own research and this is not a recommendation to trade.
Fresnillo: Bearish Success 💪🐻The Fresnillo-bears can announce a first success: Finally, the share has arrived at the support at GBP 610! Next, our furry friends should push Fresnillo below this mark to gather further downward momentum. Then, the share should also pass the support at GBP 456.60 to develop wave C in turquoise. However, there still remains a 20% chance that Fresnillo could change direction and climb above the resistance at GBP 997. In that case, we would expect the share to place the new top of wave alt.B in turquoise in the turquoise zone between GBP 1086 and GBP 1292 before turning downward again.
$CMCXreclaim 180 and break downtrend
not trading this having a look since they partnered with StrikeX with a 33% stake
current market cap is 500 million down a fair bit
rsi is unsure of which direction to take imo we go up
lets see how it plays out .
no clue about the FA except the fact they are headed in the right direction with above partnership .
$OTC:FNLP Key Support Line and Falling Wedge Pattern
Introduction
This concise analysis examines the silver chart, highlighting the significance of a key support line and the presence of a falling wedge pattern. These technical indicators provide insights into potential price movements and suggest a possible bullish outlook for silver.
Key Line of Support
The silver chart reveals a well-defined line of support that has held multiple times, demonstrating its significance. This support line acts as a price level where buying pressure tends to emerge, preventing further downward movement. The repeated bounces off this support line indicate its strength and suggest that buyers are actively participating at this level. Traders often consider such support lines as critical areas to monitor for potential buying opportunities.
Falling Wedge Pattern
Within the silver chart, a falling wedge pattern has emerged, characterized by converging trendlines with a downward slope. This pattern typically represents a temporary consolidation phase before a potential bullish breakout. The upper trendline, connecting the descending highs, and the lower trendline, connecting the ascending lows, create a narrowing wedge shape. The falling wedge pattern often indicates a gradual decrease in selling pressure and a potential shift towards upward momentum.
Anticipated Breakout
The falling wedge pattern suggests a potential bullish breakout in the future. As the price approaches the apex of the wedge, the narrowing range indicates decreasing volatility and a possible resolution in favor of the bulls. Traders closely monitor this pattern as a breakout above the upper trendline can signify the end of the consolidation phase and the start of an upward move. The falling wedge, combined with the strong support line, adds to the potential upside momentum for silver prices.
Confirmation Indicators
To further validate the potential bullish scenario, traders may look for supporting confirmation indicators. These may include positive divergences in oscillators like the Relative Strength Index (RSI) or bullish candlestick patterns near the support line. Such indicators can strengthen the conviction in anticipating a bullish breakout and provide additional entry signals.
Conclusion
In conclusion, my analysis indicates a strong support line, a falling wedge pattern, and the support of favourable macroeconomic conditions, all pointing towards a bullish outlook. It's worth mentioning that my previous call on the same stock was well-timed , resulting in a ~ OTC:FNLPF 250% price increase. As I continue to closely monitor price action, I will consider these indicators and draw from my previous success when making informed decisions about investments in silver.
BOO Short Sell (Circa 7-8%)BOO Short Sell based on equilateral triangle pattern within levels of resistance. Breakout will favour bearish. TP 37.45 based on previous resistance levels.
KAP - KazatompromBe carefully.
The Budennovskoye was transferred free of charge to the Russian oligarch Anisimov. Oligarch Anisimov sold the Budennovskoye to the Russian state corporation Rosatom. The deal was approved by the Kazakhstani government, without benefiting the country. Neither Kazakhstan nor Kazakhstani companies received any money from the sale of the Budenovskoye. A scandal is brewing in Kazakhstan. Investing in Kazatomprom seems like a bad idea.
I will simulate the Hedge grid system strategy == in a trendingI read somewhere that companies are not required to pay dividends to shareholders (this is correct, yes?).If so, then if company A never pays dividends to its shareholders, then what is the point of owning company A's stock? Surely the right to one vote for company A's Board can't be that valuable.What is it that I'm missing?
definitely if the stock has no intrinsic value, then what is causing its movement up and down ?
I will introduce in this post a strategy called the Hedge grid system
In this strategy if two traders decide to cooperate they can make a lot of money from any stock market even though most stocks do not have any intrinsic value
I will simulate the Hedge grid system strategy
Greggs almost ready for reversalDONT ENTER YET
This is a preliminary idea, the red line indicates my prediction for the next price movement.
However, it may yet go up higher first.
I will be waiting for a sharp drop of about 100 points from the peak, to confirm a downtrend, signified by the blue line. Go short if we hit that
YOU Yougov - Underpriced relative to long term trend & brokersYougov (YOU) seems undervalued relative to the long term trend and multiple broker ratings. Goldybug could find no shorting activity currently posted ad given the impending UK elections next year an increase in activity for the company is predicted. Based on the deviation to the long term trend Goldybug has jumped into the mix for a long term investment opportunity.
Goldybug opinion only. Back up with your own research before spending your hard earned.
Never place what you cannot afford to lose.
Good Luck.
Goldybug. x
Pearson down 11% on AI worriesIf AI is eating your lunch, your company better have a good strategic plan to adjust and create new revenue streams.
This is classic Marketing myopia, e.g. US railways, in mid 20th century, saw market share eroded by the airlines. That's because railroads never saw themselves in the transportation business, and limited themselves themselves by thinking they were in Railroads alone.
Pearson has had to deal with all sorts of changes, especially technology, and I'm sure they will have a strategic plan.
Technicals: Bearish reversal now under 50 weekly EMA, but volume isn't high so early days. Below 756 would confirm a new downtrend.
The BP chart after the earning reportToday, the price of BP shares experienced a significant decline after the release of their Q1 earnings report, despite the fact that they made 4 billion during this time period. This phenomenon can be explained as a case of "buying the rumour and selling the fact." To better understand the market's reaction, we look at the BP chart to identify the key support levels.
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Long term downtrend Breakout trade 88e eeenfWe revisit 88E once again and can we reach our previous 10x on investment once again? If we break our multiyear downtrend line again we could be looking to big breakout. initial targets we would be looking at would be around
tp 1 = 1.1
tp 2 = 2.5
tp 3 = 5
News is due in coming weeks and depending on results we could surpass our TP3 targets if 88E hits a new oil discovery.