Zaitermo

Zaitermo Updated 

Hello fellow traders, Apple is undergoing consolidation in triangle pattern as illustrated in the chart. Since the preceding trend is up, the breakout of the triangle will likely be to the upside. Also, the 100DMA is supporting the price so far and market is showing sign of bottoming. Depending on your risk, stop loss can be set under $107 or more conservative...

Zaitermo

Hello traders, I am bullish on Coca Cola stock as it managed to break the resistance at $51.5 which in turn supported the price when it was retested earlier this week. I can see highly favorable trade from risk to reward perspective as following: Entry at current market rate at $52 with SL below $50 depend on your risk management. TP1 @ $55 and TP2 at $60 (ATH)...

Zaitermo

Hello friends, In this chart of NVIDIA stock, I look into 2 possible scenarios but one positive outcome: 1- Scenario 1: Price move lower in the immediate short term to find support again at $523-$533 zone or possibly to $500-$510 zone where the 100 DMA lies and could support the next upside movement 2- Scenario 2: Price move higher without testing the...

Zaitermo

Hello fellow traders, I am bringing you this monthly chart of the USD/JPY pair to highlight the following in case you are not aware: 1- Formation of inverted H&S pattern with shoulders base around 101 and neckline around 124 2- Pair is trading above the long term down trending line (see black colored line) 3- Pair failed to close below the 200 monthly MA...

Zaitermo

Hello fellow traders, Gold has been retracing for a while and currently approaching important support zone which I highly believe would be an area of value for the following reasons: 1- Long term trend line (black line) crossing the zone 2- 50 weekly MA is at $1758 3- 50% & 62.8% fibo retracements The area of value (refer to box in chart) extends from $1,690...

Zaitermo

Hello fellow traders, this stock has been consolidating for long duration. As long as the price stays above 0.575, the stock has potential to reach 0.69 which was strong support back in 2018 (now turning into resistance). The longer the accumulation stays in these levels, the sharper the move will be once we break 0.593. Target 1 will be at 0.610, Target 2 at 0.65...