A slow-moving stock, although, very bullish :) Added to my portfolio - assuming the 1-2 fractal completed, after a huge triangle. Supports my bullish GOLD view (view ideas on X), here I don't post (try not to post) commodities and forex ideas
Accumulating ENPH, assuming it will benefit from the lower interest rates (boosting sales as many customers purchases ENPH products on credit terms). Some downside within a flat pattern highly likely, DCA is ok NFA, of course
Bought CAT yesterday, assuming an iHS. The higher frame structure will be added in the update. Again, please note, that here, on TV, I decided to post only those ideas, that I trade. Numerous other ideas or thoughts re various stocks and other instruments are posted on my X account, don't forget to follow me there also.
It is an open secret that a lot of traders/ investors consider BABA as an exceptional long-term opportunity. They note that BABA is substantially undervalued. This is my second attempt to buy and hold this stock. The first attempt was a break-even trade, this one looks promising - H1 inverse head and shoulders.
This is the macrochart to show the long-term potential of this stock. It substantiates my rationale to buy and hold. Smaller frame analysis in the updates below.
I missed the leg up, but there was no clear entry, therefore no regrets. What is important, is that the moves that I placed within the converging lines - are all zigzags. That is why it is prudent to assume a triangle. If it draws the wave E, I will definitely join the bulls :)
Broke the median of the base channel, on large volumes. Needs a pullback in the local w4 before moving a bit higher. Should be a nice runner for the second half of the year
Price came to the corrective trend line, breaking it will mark the first bullish signal after a multi-month (corrective) downtrend. Next important price level - is the wave E of triangle, I would assume it to be the target for the first impulse up. Take care
RSI above 80 6 months flag at the ATH, following the gap +200% on x10 volume. Broken out of the flag, sky is above. Up+50% after the first close above WMA10 before the last breakout
A triangle is in its final stage. Although, I like triangles - as they narrow down potential options, being the pattern, that preceeds the last wave in a structure, they are very tricky for traders. As always, you have 3 options: up, down or further sideways :) Trade safe
In my opinion, this is the appropriate zone to buy, as price is most likely printing a right shoulder of an inverted HS pattern. Accumulating along WMA40 and will fly, no doubts. Mind your risks and trade safe. Will appreciate your thoughts on this stock.
This is one of my several mistakes, bought it last week, assuming the correction was over after the leading diagonal. Anyway, the position is not heavy, but, seems, got stuck for a while. Any thoughts on SMCI? Would appreciate your feedback.
A very interesting opportunity, IMO. Rumble made a strong bullish impulse on the background of potential buyout news, if I am not mistaken. Followed by a zigzag correction, a simple one, it approaches a nice level to load longs. I think, $5 is a gift. Stop below the impulse.
A very disappointing stock recently, as the ending diagonal was completed. But it needs time, to frame the 1-2 fractal. Wave 1 looks like a leading diagonal, PYPL may be printing a ZZ in the wave 2. Anyway, price is approaching a strong support level - being 62% Fibo level against the prior impulse. Trade safe
I am tracking a potential 1-2 fractal, that can be almost completed at this point. Watch for key fibo retracement levels and the possible base channel (the lower border). One of the recent market leaders, severely hit with some of other players this year.
Unless the low at ~$25 stands unbroken, I am long. The prior bearish move down - circled - has a lot of overlaps, therefore I am assuming this to be a wave B (btw, followed by the impulsive bullish advance). Will take chances at this point
A shorter-term trade, to ride the fifth wave. Price is printing a triangle, I am targeting $7,5-$7,7. Strong bullish moves, supported by volume
All you need is LOVE )) Completing the right shoulder in an inverted HS pattern. The larger bearish trend line is broken. Bought 50% of the position on the retest of the local correction within the right shoulder.