pardis

pardis

Uptrend As you see in the chart, the previous high has been broken and it could be a small pullback to broken price level. The presence of Doji candles indicates a suitable correction. Find a good trigger for entry to buying position based on your strategy. I suppose nest target could be around 6300 and set up a sure SL for your position.

pardis

Uptrend I closed all my open positions when the price was near the All-Time High (ATH) and observed a bearish candle at the end of June 11th. Now, the chart is attempting to break the resistance (S/R) level again. However, I've noticed a divergence between the main chart and the Awesome Oscillator (AO), which leads me to believe we will either see a correction...

pardis

Uptrend A strong resistance level at approximately 67, which also called an all-time high, has now been broken after about 12 days by a good bullish candle. While some traders are initiating long positions immediately, others are waiting for further confirmation above this level. More conservative traders might prefer to wait for a pullback to broken level...

pardis

Uptrend In weekly time I see: 1. A trend finished at about 312 2. A correction finished at about 230 3. New uptrend has been started with target at about 312 and 380 In daily time: 1. Breakout of 280 price level 2. Pullback to broken level 3. Two bullish candles as a trigger to enter to buying position As always do not forget considering a good stop...

pardis

As you see, there is a strong breakout of a major price level, and the uptrend has been one of the best tills now. Totally buying this company has a reasonable risk but entering right now after a small correction or a pullback completely depends on your strategy and risk management. As always, a good stop loss will guarantee out trading. Good luck.

pardis

Uptrend Needless to say, every rising will be risky without a correction (either price or time). After about three months of upward moving with just a small time correction, personally I am waiting for a correction to get new buying positions. In addition, some of the companies have prices rising dramatically and this proves that having a small corrective wave...

pardis

Uptrend The chart has confirmed a new uptrend by moving decisively above the 185 level after breaking a descending trend line. Subsequently, another price level has been breached. The small pullback observed after this breakout could indeed signal a continuation of the upward movement towards the next target around 237. Remember to always implement a reliable...

pardis

Trending possibility As I mentioned in a previous analysis, the chart reacted to a strong support zone with a significant bullish candle, indicating an emotional response. This was followed by a small correction. One encouraging sign suggesting a potential move into the green zone is the considerable buying volume observed at the support level, potentially...

pardis

The chart has reached a major support area, despite the presence of large emotional bearish candles. While taking a position at the V-shaped pivot point carries some risk, the market may react emotionally given its previous decline like the 2020 correction. This support area is comprised of: - A significant pivot point from January 2022 - A PRZ (Potential...

pardis

Uptrend Based on my strategy, the corrective wave appears to have terminated with today's daily candle. Notably, a descending trend line and a major level have been broken. If today's daily candle had no upper shadow, I would consider taking buying positions.

pardis

Uptrend As seen in the chart, the S&P 500 has been in a prolonged uptrend. By focusing on key highs and lows, my prediction is that the index will break out of its current level this week. The next target level is 6270, after which I anticipate a pullback to the newly broken level. Overall, I remain optimistic about the market and recommend identifying stocks...

pardis

The Uptrend Breakout strategy has proven effective for entering new positions. As you can see, two consecutive bullish candles are forming, indicating a potential breakout. Notably, the second candle lacks an upper shadow, which could be a bullish sign. A mid-term target for this breakout could be around 73. Remember to set a stop-loss (SL) for your trade,...

pardis

The S&P 500 index is approaching a critical level, and if it successfully stabilizes above this threshold, we can anticipate further market growth. Meanwhile, the following stocks are experiencing pullbacks to previously broken levels. If these pullbacks are completed and accompanied by a bullish trigger, they may present attractive buying...

pardis

As seen in the chart, Apple has been in a corrective wave. In my perspective, the correction should be completed within the green zone. For now, following the break of the descending trend line and surpassing the $247 level, it could present a good buying opportunity. If this occurs, below the green area could be a suitable place to set up a stop loss. Potential...

pardis

As evident on the chart, the correction has concluded at the 50-61.8 Fibonacci retracement level. Additionally, the price is breaking out above a descending trend line and a minor resistance level. In my opinion, once we receive confirmation of a breakout above this level, it may present a compelling buying opportunity. Potential upside targets are approximately...

pardis

One of the best strategies is to identify areas where corrections have been completed. On the chart, a correction appears to have reached a key support/resistance area or multiple support zones. With a high probability of the corrective wave ending in this area, I'm waiting for a bullish trigger, such as a trend line or moving average breakout, to enter a...

pardis

As you can see, the chart has been in an uptrend for about 14 months. In my opinion, the market needs a break and a deeper correction. The rise may continue, but we must consider the high risk of long positions in our trades. Personally, I prefer to enter long trades with great caution. If a correction occurs, between 10 and 15 percent can be expected. Some...

pardis

As you know, most of the recent market growth has been due to the excessive growth of a limited number of companies, and this will certainly pose a risk to the entire market. Personally, I study market sentiment and the S&P 500 index before buying stocks. On the S&P 500 chart, after the 6030 level was broken and the pullback to it and having a trigger to enter, I...