ProTrading24ru

ProTrading24ru

It looks like H&S formation is being completed in #BHP. That potentially gives a hefty 40+% upside towards April 2011 high.

ProTrading24ru

Russian Ruble is likely to continue growing against US Dollar as stock markets keep rising (Christmas rally?) It probably aims at Fibo-levels of correction: 74.50 and 73.00 Timing - next tax period 15-29 December.

ProTrading24ru

We don't know if the hype is over around MRNA. It has probably finished its 5-wave impulse and will need to settle down in correction. There is support zone in the range 87-103 formed by previous price highs and some Fibo levels as seen on the chart. From the fundamental point of view we could compare Moderna with some other biotechs: AMGN, GILD, VRTX, REGN,...

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Hype around Zoom is being replaced by hype around Moderna. P/E for Zoom declines from 600 to 450 as earnings grow. Forward P/E is currently estimated at 150 projecting further earnings growth. That's a lot! Forward PEs for Salesforce and Netflix are 65 and 56 respectively. If Zoom earnings grow 2x than projected and stock price declines by 33% then PE comes to...

ProTrading24ru Updated 

GBPUSD is likely at a critical point both from fundamental (Brexit negotiations) and technical (multi-year resistance lines) points of view. As we see the impulse cut short with the truncated wave 5, it makes sense to seek enter into a Short position: Sell order @ 1.3380, TP1 1.3000, TP2 1.2700, SL 1.3530

ProTrading24ru Updated 

The following picture in EURGBP cross is the logical extension of further EUR growth expectations. Long position in EURGBP cross would be an alternative to simultaneous positions in EURUSD and GBPUSD outlined in recent views: Buy @ 0.8970, TP1 0.9240, TP2 0.9490, Stop 0.8850

ProTrading24ru

Many are expecting a correction in BCOUSD after impulse 5 waves. One way of playing Long is to place Limit Buy orders at the potential entry points. Selling January Put options with strikes 44 and 46 could be a viable alternative. It makes sense to set the amounts of each option as 50% of total position. What if correction won't happen or strike levels won't be...