Asset Class: Stocks Income Type: Daily Symbol: ASPI Trade Type: Long Trends: Short Term: Up Long Term: Up Set-Up Parameters: Entry: 2.82 Stop: 2.67 TP1 3.26 (3:1) Trade idea: 1h RBR at breakout, and within a FVG Uptrend continued !!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report,...
Asset Class: Stocks Income Type: Daily Symbol: AVGO Trade Type: Long Trends: Short Term: Up Long Term: Up Set-Up Parameters: Entry: 179.24 Stop: 177.21 TP1 183.29 (2:1) Trade idea: 15Min DBR at breakout, with a FVG on top !!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then...
NVDA investors had a fantastic day yesterday, after the Green Gold skyrocketed and hits the 1040. during the night trading sessions the stock touched the 1060, and we are now seeing a major correction at the pre market session. Investors can secure profits by setting a stop limit order at 1113 or 1084 depend on how aggressive you are. Target price before the...
On Thursday, NVDA skyrocketed, smashing through the roof with a new high of 1063.13! By Friday, it closed above the last swing high at 1064.89, signalling a strong continuation of the bullish trend. Investors are eagerly gearing up for a thrilling Tuesday, anticipating powerful moves ahead. Two exciting scenarios could unfold: 1️⃣ **Gap Up Mania!** 🌟 - With...
Since February, the commodities asset class has surged ahead, overshadowing the S&P 500's faltering performance. This notable shift in market dynamics underscores the resilience and strength exhibited by commodities during this period. Of particular interest are the XLE and XLU sectors, which have emerged as frontrunners since early March. This transition...
The upward trend of XLK experienced a halt in mid-April, marked by a price breakout below the swing low at $197.3. By retracing the price action from January 2022 to October 13, 2022, a potential pattern emerges, suggesting the formation of a 'Head & Shoulders' reversal pattern. XLK had been on an upward trajectory from October 2022 until April 2024, largely...
From a technical perspective, there hasn't been a definitive signal indicating a trend reversal for the SPY 500. Back in May to October 2023, the SPY exhibited a clear "M" pattern or double top, experiencing a drop of approximately 5%, retracing back, and then dropping around 10%, forming the M pattern. If we compare this M pattern with the current price action,...