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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
Since May 2022, a potential inverse head and shoulders pattern has been forming. It has not been confirmed yet, as the right shoulder is still missing and undergoing completion. Once it forms and the breakout of the neckline is confirmed, we will have our entry signal.
I have also applied the Elliott Wave Theory for analysis, confirming the potential pattern for...
It's no secret that Brazil has been a great place to invest this year, with AMEX:EWZ up over 20% year-to-date.
With that in mind, we note a massive dark pool block trade in NASDAQ:XP today, worth $108 million.
Is this a trader taking profits, or doubling down on more growth this year 🤔
- Recent breakout from a longterm base and overhead resistance.
- Orderly pullback to support/ recent resistance.
- Long if support re-established at $24.80- $24.90 level
falling cycle -13.58% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240...
XP Inc. is a Brazilian brokerage and dealer company. It is one of the seven largest companies in the country with a capitalization of $16.8B. It is the leading low-cost financial services company in Brazil. XP Inc. gives clients access to a wide range of financial products, including fixed income securities, mutual funds and hedge funds, pension plans and life...
XP just hit the 35 support level for the 3rd time, though on high volume, likely due to earnings season and impending expiry of options coming due on Friday (15Oct).
RSI shows oversold. At these levels, the stock typically rebounds, going by historical.
Potential triple bottom formation, building within channel 35 - 52. Watch for rebound and eventual testing...
XP Inc. offers financial products and services in Brazil. It offers securities brokerage, private pension plans, commercial and investment banking products, such as lending operations and transactions in the foreign exchange and deposit markets; product structuring and capital markets for corporate clients.
Revenue TTM 1.6B
Net Income 428M
EBITDA TTM 515M
Net...
Today we saw $XP take firm control over the 50 handle and we'd like to see if it can still keep going. Emerging markets still trying to push after the bottom in Chinese tech stocks. We're hoping to see 60 in the near future. Good luck traders!
Something different from the usual short term trade ideas.
Last Close: $47.41 (Nasdaq)
Xp Inc is a Brazil-based company engaged in the financial services industry.
XP is expensive but is growing fast. For the last quarter, assets under custody was higher by 14% QoQ but improved by 88% compared to the prior year while active clients grew by 33% over the 12...
MID-TERM: Inverse head and shoulders, with the right shoulder at the 200 day MA, trying to breakout here. (Not financial advice) also have done well on past 4 earnings
Strong growth, fundamentals point to a continuing trend (at least in the midterm). Stock price is moving away from fundamentals. Stock just touched a support level - entry now with a stop loss around 35.
