benedekdomotor

benedekdomotor

Well, today it broke out its resistance level. Considering the strength of the breakout, we might head fast to higher levels very quickly. I think we will have a quick dip before taking off. The fib-levels are good indicators of support levels, using them could be helpful, in case you want to join the ride. First resistance zone: 2,02 than 3,16. I bought my...

benedekdomotor

Hi guys! I always use Fib retracement lines to identify the support or resistance zones. If you take a look at the chart, it might be chaotic, but as you can see: it is in a strong uptrend and currently at a double support zone. Please read the blue boxes and you will notice that; we are in the same situation as ~3 weeks ago( May 18.). I expect a strong price...

benedekdomotor

The following opportunity is very risky, so, please be careful and manage your risk. In this case, I rely only on Techincal indicators! The Indicators I use are Ichimoku Cloud, EMA(50), RSI, and MACD. You might be familiar with them except the Ichimoku. If you are interested, you can read its description here: www.investopedia.com In sum: it is a trend indicator...

benedekdomotor

The Clorox Company is one of the few companies, which profit from the current situation. This is the type of trade: the TA traders and fundamental based investors are looking for. It is in a healthy uptrend and we know that: they beat their earnings estimates, so fundamentals are strong. Price bounced back from its current 195.8 support (purple box), with high...

benedekdomotor

A few weeks ago I shared a WMT idea, ( you can check it in my profile). It was a bullish pennant pattern, then the company released its earnings..they beat the estimates. Then it sold off massively. Knowing the effects of the virus on Walmart... I am very bullish on this company. The fundamentals are strong and based on TA, what we have here is a very good entry...

benedekdomotor

So we broke a major resistance level. What do we do now?! Well; trading based fundamentals are not working anymore. So we are going to rely on TA. Today the resistance level at 2980 broke. If this whole trend continues, then we will quickly reach the 78.6% fib. level. In case of a false break-out, we might head to lower levels, so, please acknowledge that: this is...

benedekdomotor

Carnival is one of my favorites stocks. It has clear run-ups, which are perfectly tradable. In the past 3 months, it formed a "Falling Wedge" pattern, which broke recently(with high volume). If it manages to stay above the support zone between 14.30 and 14.90, then it is an easy play. This is how I play the former scenario: >Limit buy at 15.86 and 15,11 >Stop...

benedekdomotor

Walmart started a down-trend after Apr 17, which was also a healthy correction after a big run-up. I am bullish on this one, the reason for it: > Chart paints a beautiful bullish pennant >Earning beat will cause another run-up to higher levels. (which is very likely) >WMT proved to be a recession-proof stock, so if another downturn occurs, it will probably rise...

benedekdomotor

We are currently at a strong support level (16.82). If it manages to bounce back from these levels, it could be a very good risk-reward trade (1.95). The main reason I am bullish on the midterm is: >RSI indicator shows; it is oversold. >It is up-trending ( started in 03.18). >1.95 risk-reward ratio Target price in the short term: 19.20 (+13.20%) >If the bullish...

benedekdomotor

In the current situation, there are very few companies that can solidly make a profit. Nordic American Tankers are one of them. Big investors rent out these ships and pay them to store their OIL. With the oversupply of oil and shortage of storage, Tanker companies charge more for holding the barrels. On average, it cost 4 times as much a day, then a year...

benedekdomotor

The Hungarian government will publish its economic stimulus on Monday or Tuesday ( 04.06.-04.07). Plus, last week the MNB just intervened, which will raise the price of short bets against the Hungarian currency. In my opinion, this will calm the investors a little bit. If it turns down, then a nice Head and Shoulder pattern will form. My target price for a...

benedekdomotor

After Monday's historic fall came to a quick bounce, but it was not strong enough to break the trend that started 04. Mar 20. The 50 days EMA predicts any more fall. The reason is the fear of COVID-19 and it impacts on the economy.

benedekdomotor

After last week's fall and bounce back, investors start to realize that: the coronavirus is spreading further. Big companies are cutting their expectations. The virus will have a serious impact on Q1 and probably Q2.