Notes:
* Strong up trend on all time frames
* Great earnings track record
* Consolidating for the past ~14 months
* Now approaching resistance of its base
* Bouncing off of its 50 day line with higher than average volume
* Showing tonnes of relative strength and signs of accumulation
* Printed a pocket pivot indicating institutional buying
Technicals:
Sector:...
Took a long position on JKS based on following basis: strong close (top of the range) on Friday bounce from 50SMA 50 i 200SMAs show uptrend. The entry was after the break of Friday's high. We will see how it holds. I will not have a problem to sell is it turns around on me. I am still not sure of this market.
Pilot position just to have some exposure as the market is trying a reversal. The big portion of the CPI was on energy and food, and oil, wheat and commodities are crushing. I expect this to be the peak of inflation so im going to be prepare for a new risk on bear market rally.
HDFCLIFE witnessed a breakout from a horizontal trendline and extended gains to a high of 581.
Due to the sharp rise, there was a profit booking, and the price might retrace to the breakout levels , which would now act as a support zone (565-568).
This retracement can be a good opportunity to long in the stock with a good risk reward.
The market is testing the demand zone on 0.8 where the Metaverse FOMO started.
The price had a little bounce and retest the 4h resistance after the breakout from the pennant on 1.5$
How to approach it?
The price needs to create a new breakout from the 4h resistance and retest it as new support. IF the price is going to have a breakout, According to Plancton's...
The price is creating a falling wedge and the price is testing the dynamic resistance after the first rejection on 0.382 Fibonacci level.
After the Breakout from the descending channel the price created a double bottom on 4h Timeframe.
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's...
I enter my position today on a pullback buy or I might call it on a pivot reset.
I have my stop very tight as the stock is going through earnings in a couple of day.
Starting a partial position on pullback (Half Positioning, 500USDs risk). 180@30.19
Stock had a V shaped recovery from January. Its been consolidating since then giving some healthy shakeouts on low volume and thrusts of positive volume.
When a V shaped recovery occurs, the stock normally has to "pay back" that lack of symmetry on the means of time and shakeouts....
WEAT had an optimal breakout from VCP pattern on 5/11 but price and volume action got tight again and it offered a pull back entry on a natural reaction after 3 lower lows on low volume into the 10 DMA.
the price tested the demand zone on 10$ and get the new liquidity.
Now the price is testing the resistance on 12.5$ after the breakdown from the ascending channel (weekly)
How to approach?
IF the price is going to have a breakout from it, and retest the 12.5$ as new support, we could see a new pullback until the monthly level at 15$, According to Plancton's...
The price had a bearish impulse until the 37$ where the market has the daily support.
As you can see, the market created a candle with big spike, it means the new liquidity, for that reason if the price is going to flip the supply zone on 59$ we could see a pullback until 72$.
How to approach?
The price needs to flip the 58$ and retest it as new support. If the...
The price is testing the monthly support where the price has a confluence as you can see on the daily timeframe.
On the 4h timeframe the price could get new liquidity in order to create a new pullback if the price is going to have a clear breakout from 33k.
How to approach?
If the price is going to have a breakout, According to Plancton's strategy , we can set a...
The price is going to have a retracement after 4 months of the uptrend and now it's testing an important area as new support.
The price could have a pullback before a new bearish impulse until the monthly support.
So, how we can approach it?
IF the price is going to have a pullback, According to Plancton's strategy , we can set a nice order
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Keep in...
Notes:
* Great earnings record in the past 2 years
* Very strong up trend in all time frames
* Offering a potential pull-back recovery entry
* Recovering with well above average volume
Technicals:
* Sector: Consumer Defensive - Farm Products
* Relative Strength vs. Sector: 4.42
* Relative Strength vs. SP500: 8.38
* U/D Ratio: 1.62
* Base Depth: 14.79%
*...
Notes/Thoughts:
* Strong earnings in the recent quarters
* Strong up trend in the longer time frames
* Broke out of its base and started to move higher but due to recent market conditions it pulled back and is now showing signs of continuation
* Close to the pullback recovery area of $127.11
* Recently tested historical all-time-highs of $114.47 as support
...
The price got a rejection from the main resistance on 1.41$ where the market created a weekly resistance.
on the 4H timeframe, the price created a clear double top and got a rejection from the 1.414 Fibonacci EXT
How to approach?
The price is testing the daily support on 1.13 Fibonacci EXT level. The price needs to create a new breakout on the 4h resistance...
The price is testing the 0.5 Fibonacci level on the daily timeframe on 0.67$ after a rejection on 0.088$ daily resistance.
On the 4h timeframe, the price is creating a triangle, and the price is testing the previous dynamic support again.
How to approach?
The price bounced on the previous supply zone on 0.064$. The price needs to flip again the daily resistance,...
