johninvest17

johninvest17 Updated 

Bitcoin broke out of the regression channel. Time to hold and wait for Bitcoin to drop to take profit. We could go back to 8000-81000 range. If you are not in it, don't FOMO buy now. The risk is greater than the reward. If we do reach 10,500 I am expecting Bitcoin to retrace back to 9k at this stage.

johninvest17

If we can break the 50MA (yellow line) in the next few days, the next level of resistance is the red zone just below 5800. However, I am no longer bullish if we fail to break 50MA and go below the 20MA (green line) or regression channel. MA - Moving average.

johninvest17

The chart pattern is showing a rising wedge. While technical indicators are showing we are below two moving averages 20 and 200 (acting as resistance). MACD, RSI and DMI showing bulls are running out of buying power. TD Sequential is about to give us a SELL signal with a "red 2", below "red1", below the "green 9". If the stock market does continue to rise, I...

johninvest17 Updated 

I am shorting JD.Com on this daily TD sequential 9 and there is a monthly 9 as well. technical indicator are turning bearish too.

johninvest17

Kogan up 88% off the lows. Well done to traders and investors that have picked this stock up. If you have made big gains, it would be a good idea to take some profit today or by end of the week. Td Sequential is showing a green 9. This give us a top/sell signal.

johninvest17

Short term run for Bitcoin is likely to be over. Similar to the equity market. The price failed to break the 50 moving average and it is likely to retract to the red line. Therefore, I am not expecting a new low at this stage. below $4000 is likely to be the bottom ahead of the Bitcoin halving.

johninvest17 Updated 

We have gone up 20%+ since 23 March, this is likely to be an oversold bounce or "dead cat bounce" in technical terms. Since 90% of Shops are still close, Corona Virus is still in the headlines around the world and death rates are not showing signs of slowing down. Therefore, it is very unlike that the bottom is in and we are exiting this bear market in the...

johninvest17 Updated 

Strong probability of Slack to continue moving higher: 1. Technical indicators are bullish and rising, 2. Price is above the two moving averages and acts as support levels. 3. Corona Virus, people working from home and using Slack.

johninvest17

Hello investors and traders, Warren Buffett famously said, "Be fearful when others are greedy and greedy when others are fearful." I have seen this quote everywhere on social media last few days/week. Retailer investors are being so GREEDY right now and buying stocks because it is cheap...This tells me we are nowhere near the bottom. Learning from bitcoin,...

johninvest17

Good morning, I want to show you an important trading indicator today and it is the 200 moving average low on the monthly. (currently at 4885) This indicator acted as major support during the GFC (Nov 2008, Mar 2009) and we tested this level last Friday and bounced strongly..... I will wait and watch the monthly close to see if this is an excellent buying...

johninvest17 Updated 

We can see a reversal candle yesterday and a bullish engulfing candle today. Furthermore, strong support/bounce off the 200 MA on the daily. Also, TD sequential is showing a red 9 signaling a potential short term bottom. I entered a small position this morning. Stop loss below the 200 MA. (Red line)

johninvest17

Good Evening, investors and traders, the Asx200 $XJO went lower again due to market uncertainty with the coronavirus. Last week, I said if we breach the 50 moving average, the first level of support is around 6300-6400. The market went straight down to 6259.9 on Monday and traded sideways between 6259-6500 for a few days and eventually making a new low of 6216 at...

johninvest17

Fisher & Paykel Healthcare Corporation ($FPH) is a manufacturer, designer and marketer of products and systems for use in " respiratory care " . According to CDC, Corona Virus symptoms includes severe respiratory illness with symptoms of fever, cough, and shortness of breath. www.cdc.gov The stock is still on an uptrend and likely to continue due to Corona Virus.

johninvest17

Spark New Zealand is holding up very well after last week market downturn. We can see Spark New Zealand still above all three rising moving averages at the current time of this post. Technical indicators are showing a strong possibility sell volume are near the end and buyers are coming back in to take control. However, the RSI turned back down today,...

johninvest17 Updated 

Shandong Gold Mining looking good for mid-long term buys especially with the coronavirus in the news. As investors would seek to invest in safe-haven stocks. Enter a position at breakout with volume and close above $20.80.

johninvest17

The retracement that I was waiting for came this week and we went down fast and hard. This has made me more bearish than before in the short term. We could see an "exit pump" in the next few trading sessions by big investors/institutions and have the price level jump back toward the 20 moving average before going down further like the past. Therefore, for me...

johninvest17 Updated 

Is this a dead cat bounce or is the bottom in for Treasury Wine $TWE ? I went long this morning for a short term trade because I like the risk to reward here. We continue to hold if we can break the box area with good price action and volume. TD sequential is showing a TD 9, MACD signals a buy and DMI is showing bears are running run of energy.

johninvest17 Updated 

The Budweiser Brewing Company APAC Ltd (Budweiser APAC), whose portfolio of more than 50 beer brands includes Stella Artois and Corona. Good chance of breaking out of this downtrend channel today or this week. Worth adding to your watchlist.