Technical Side The stock tested and confirmed its 6-month support price at 142/share, which could give us a potential upside to its new high which is 154.
Stock may have shown a loss of momentum after it started an upward trend in October this year. ALMA11 ALMA line is being tested and any confirmation at this line will likely drive the stock to re-test our 30-day-high price at 94/share. If it gets rejected, we may find this stock trading at 61-62 in the next few weeks. I will exit this stock in case of...
Business Side Amazon.com secured a 5-year contract worth 700 million USD to provide cloud services to the United States Department of Navy. Support Price Currently Being Tested In my view, this is positive news for the traders of this stock as it tries to re-test its one-month support level of $86/share. A confirmation of this support line may fuel another...
Sold Bitcoin At A Loss I sold Bitcoin at a loss today as falls below my technical cut-loss price of 17,300.00. I purchased this asset back on December 12 as it break the 120-day ALMA line which could signal a potential trend reversal. This is in spite of the negative sentiment in the markets due to the 50 basis point rate increase by the US Federal Reserve. In...
MGM was down as of yesterday's closing bell as it tried to re-test its support area at 38/share. We are seeing two occasions when this stock bounced back from higher lows in July and in October. If this continues, we're likely to find the stock bouncing from yet another higher-lows between 32-33 in January.
As we can see in the above chart. The stock has started to decline after reaching a potential resistance area at around $180/share. In my view, the stock's reversal started when it broke its prior lower-high price back in October. The stock could already be in an upward trend and will likely respect the key support area at 122.
I opened a long position in this stock today for a possible long-term play to close the downward gap that happened last May 2022. As we all knew, the stock has gapped down after the company reported lower-than-expected earnings in the 2nd quarter of this year. Since then, the company's stock has been range trading between 140-ish to 180-ish levels. As you can...
US FED DECISION Bitcoin Reached 18400 before selling off to 17800 due to the market's reaction to the US Fed's decision to raise their key interest rate by 50 basis points during yesterday's session. As we all know, the market tends to react positively in a low-interest environment. Although this key rate increase is lower than the previous quarter's 75 basis...
In the past 3 years, I've been using Google Docs spreadsheets to journal my trades. I did not realize that there's a platform within the trading view where I can post my ideas and journal my trades. This is my test post. More coming later.