Little shy here on US30, and slight adjustments to the zone here, but we are into our sell region, lets see if we can see a bit of a dollar relief rally here.
US30 - H8 The US30 demonstrated upward momentum, aligning with the movements of XAUUSD and US100, as anticipated earlier. This surge was prompted by the revelation of inflation figures lower than anticipated during yesterday's trading session. Notably, the index has maintained a robust stance at the significant psychological threshold of 35,000 since August...
Morgan Stanley (MS) has been trading within a Channel Down pattern since the beginning of the year and on Friday hit again the Lower Lows (bottom) trend-line. Today it formed a MACD Bullish Cross on the 1D time-frame and is issuing a strong buy signal as every time it appeared, in the last 12 months, the price rose by a +8.16% to +27.31% margin. Taking the +8.16%...
The Bank of America Corporation (BAC) got rejected again on its 1W MA50 (blue trend-line), a level that has been acting as a Resistance since the March 2022 break-down. This has created a Lower Highs trend-line that is the key pivot level now. But before that, let's see how it's been trading on a +10 year basis. As you see on this chart, ever since the November...
the OG in quantitative zero cost coupons and negative rates with subways in the 1930s touchscreens ai robotics in the 70s and rise of gaming in the 80s still is a decade ahead among developed countries and 100 years++ ahead the rest of the emerging economies
Head and Shoulders has formed on Absa Bank Group It looks like after the rally, the price wants to come down a bit and retest some of the lows. As the JSE is in a turbulent stage, anything can happen. 200>21>7 RSI<50 Target R155.68
SoFi Technologies (SOFI) A great example of how Fibonacci Extension levels align with support & resistance levels. Confirmations for new entry: - Break above OBV resistance line - Retest of 200 day SMA or break & retest of 1.00 fib ext at $8.70. If already in the trade, congratulations. We are above the 200 SMA and it is upward sloping. It would be nice...
After trading in a range from $4-$8 for the last 14 months, we find ourselves now with the possibility of turning the box marked with bulls into a support/buy zone. If we can get confirmation and continuation on this into next week or even just the markets hold up Monday i would expect at the LEAST to revisit the recent high. Making for a nice quick play. However...
Although it depends on the overall market condition still it is a good long-term trade as it is on a weekly frame. The dotted green line is your target. Put the stop loss according to your risk management.
UPDATE from last time. I thought we would get a bit of a pull back before the upside push, but I was mistaken. Regardless, the price was expected to move up and up it is going. This W Formation that formed and broke out gave a decent Risk to reward 1:2. And At this point where the R:R =1 it's even safe to bank half profits and move stop loss to breakeven....
KRE Regional Banking ETF We are currently at oversold levels that offered good historic returns even if we only rise 15% to TASE:TASECTORBALANCE (Dec 2018 low) before moving lower. Given the evolving Banking Crisis we could we revisit the bottom of the long term channel by EOY. This would be a great opportunity. Throwback to TASE:TASECTORBALANCE dollars...
decent long term hold, that pays dividends. long term bullish for natwest, in a fallen wedge, that break to the upside 68% of the time, i could see a small pull back to 240, worse case would be a pullback to 206 happening before a major rally, nfa dyor
#MMT Told you that QE is not inflationary. It is simply "Reserves in the banking system". Then they told you "In an #MMT world...." Unfortunately, the self-evident data you see in the chart completely destroys their silly little theories and models. I want to be clear, QE does not increase the public debt. However, it does change the form of money from a bond...
HDFC bouncing off from supporting trendline. Possible targets 1740 and 1900.
DBS SGX:D05 chart is forming double top. Once $29.39 support level is broken, we will very likely to see price declining towards $21.87 base on 1:1 wave. Duration towards mid term. DYODD!
The 2H chart on TLRY shows a volume profile showing the highest concentration of shares traded at $2.65 or about 15% above the current price. Short sellers dominated there. Price has descended down onto the support/demand zone. It is near to tow standard deviations below the mean VWAP and so very undervalued. Federal legislation intended to remedy the...
IT TOOK MONTHS OF PREPARATION. A LITTLE OVER A YEAR AGO... NOTICED VERY PECULIAR PATTERNS ON A LOT OF VERY STURDY CHARTS. EXAMINED NEARLY 400 TICKERS... SOMETHING VERY IMPORTANT STOOD OUT. DID SOME CALCULATIONS AND TESTED THE THEORY WITH A LIVE PORTFOLIO. WHEN THE BANKING CRISIS STARTED PACKING IN, THE PORTFOLIO WAS RED AT FIRST. THEN EVERYTHING WENT GREEN......
In this analysis I want to talk about the possibility of Bitcoin going to 100k this year. This is a speculative analysis, but still based on real-world macro. Take it with a grain of salt. Bitcoin going to 100k in the middle of a banking and inflation crisis, with a FED that's increasing the interest rates? I would've said it's impossible. Not only that, but...