$WCC ready to go higher?Notes:
* Great earnings in the recent quarters
* Strong up trend in the long run
* Price has been increasing along with volume
* Breaking out of a ~7 month base with higher than average volume
* Also breaking out with a pocket pivot
Technicals:
Ticker: $WCC
Sector: Industrials - Industrial Distribution
Relative Strength vs. Sector: 86.62
Relative Strength vs. SP500: 54.48
U/D Ratio: 1.05
Base Depth: 31.68%
Distance from breakout buy point: 2.1%
Volume 64.84% above its 15 day avg.
Trade Idea:
* You can enter now as the price just broke out of the base and is still close
* If you're looking for a better entry you can look for one around the $139.2 area as that should serve as short term support
* Manage risk accordingly
Buysignal
DJI - Correction continuing!!DJ:DJI Is continuing in this correction.
Now its broken the 78% level it looks as though we are headed towards the 382 level of 32400, with the ABCD level @ 32350.
I still believe we have one more move higher towards 34k, so watching these levels to look for that long trade.
I hope this helps. Enjoy the day.. 👍👍
$ASH ready to move higher?Notes:
* Great earnings track record
* Very strong up trend
* Pays out dividends
* Breaking out of a ~7 month base with higher than average volume along with printing a pocket pivot
Technicals:
* Sector: Basic Materials - Chemicals
* Relative Strength vs. Sector: 4.49
* Relative Strength vs. SP500: 6.32
* U/D Ratio: 1.38
* Base Depth: 29.41%
* Distance from breakout buy point: 0.42%
* Volume 205.16% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out with high volume
* If you're looking for a better entry you can look for one around the $108.63 area
* Manage risk accordingly
$FBRT ready to move higher?* Coming up on the right side of its base
* Picking up on volume as it ascends in price
* Broke out of its inverse H&S pattern earlier and now is in a tight consolidation
* Three consecutive pocket pivots
* Forming a bull flag
Technicals:
Ticker: $FBRT
Sector: Real Estate - REIT - Mortgage
Relative Strength vs. Sector: 6.65
Relative Strength vs. SP500: 5.77
U/D Ratio: 1.91
Base Depth: 34.91%
Distance from breakout buy point: -4.67%
Volume 21.91% above its 15 day avg.
Trade idea:
* You can enter now as the price is still consolidating.
* Reason for entry is that the stock has been printing pocket pivots for the past three sessions in a row.
* This shows signs of accumulation which can also be seen in the high U/D ratio value.
* Manage risk accordingly
XLM 20% pump incoming, double bottom, hidden bullish divergenceXLM/USD current price $0.1467 cents, Short term bullish, Possible long trade.
Bullish divergence on RSI Daily chart. Dates Jan 22, 2022, May 12, 2022
XLM holding $0.12 cents with double bottom on the daily confirmed.
Next possible support price is $0.14 cents.
Stop loss at $0.1390 cents
Long trade possibility, buy zone $0.14 cents to $0.15 cents.
Sell target (1)
$0.1595
Sell target (2)
$0.1670
Sell target (3)
$0.1738
COINBASE:XLMUSD
Long Buy BTC M15 with STOHASTIC RR 1:2BINANCE:BTCUSDT
Nice Scalp BTCUSDT with STOCHASTIC with Risk Reward 1:2
BITCOIN BUY SIGNAL FROM GOOGLE TRENDSBITCOIN BUY SIGNAL FROM GOOGLE TRENDS
Simply my idea is that I am using "All time High" on google trends search for the key words such as : "CRYPTO IS DEAD".
As vertical red lines indicates peaks on MAY 2021 bear market that led for reversal after couple of weeks. Bitcoin bounced for +128% in 2021 after people capitulated by searching "crypto is dead". Same I see on the chart on May 2022 bear market. People are capitulating by searching "crypto is dead". I suggest that we could see nice bounce back to the up after couple of weeks sideways action on Bitcoin. My conclusion is that we could see 57 000$ price for Bitcoin in near future.
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Time to Buy CHWY 🐾 Yesterday Chewy (CHWY) 🐾 saw the largest volume in trading since the IPO in 2019.
It is firmly within the downtrending channel, bouncing off the bottom in fact, so if you order everything from pet toys to pet treats to kitty litter, this might be an area of interest to begin nibbling.
In this market, scaling into your position is the wisest thing a retail trader can do.
For example, if you plan on buying 100 shares total, start with increments of 10 or 20 shares on pullbacks until your position is complete.
*This strategy can be used for stock picking or options trading, yet beware of options premiums in this volatile market.
Good luck!
Zach B.
MANYAVAR aka. VENDANT FASHION LTD looks like a great buy at CMPVEDANT FASHIONS LTD also better known as MANYAVAR is a Monopoly clothing and accessory business when it comes to marriage related shopping.
Also, it has very strong Fundamentals.
Recently, It has broken on UPSIDE from the Box on good volumes.
Volumes are rising each day, can be an interesting buy for Medium to Long term.
Note: This is not an investment advice.
NAS100 Hidden Bullish Divergence Suggests ContinuationIf you have been following my charts for a while, I suggested that the general markets could turn
back up as the monthly had blown off its extremely overbought state since I started posting in
December. Now that they have bounced we can see that the bulls are not done yet and
are looking to cross the 200ma on the 4hr time frame. The hidden bullish divergence suggests
that this is the case and we likely will continue the trend upwards. Are we in a new bull market?
We can not say...there isn't enough evidence at the moment and anyone that says otherwise
does not know what they are saying. We have evidence that the monthly is now oversold and
looking to turn back up--but it could be denied at the 50% line for monthly oscillators.
Maybe the oscillators could cross upwards past the 50% line and create Hidden Bearish Divergence
where the markets make a lower high but the monthly oscillator makes a higher high.
Maybe we make all time new highs. We ca not say. What we can say is that for now the bulls
seem to be in control and are looking to take this higher. Respect the divergences. I have proven
they must be respected. Good luck trading.
Here the set up is simple, WAIT for the 4hr Stochastic RSI to move past the 20% line to confirm a buy.
$TSLA Long term PT 1,700 and higher Timeline: Feb 2023Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; and purchase financing and leasing services. This segment is also involved in the provision of non-warranty after-sales vehicle services, sale of used vehicles, retail merchandise, and vehicle insurance, as well as sale of products to third party customers; services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. This segment also offers service and repairs to its energy product customers, including under warranty; and various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
$DRV PTs 56-100 and higher 3X Bear Real Estate ETFThe fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of its net assets (plus borrowing for investment purposes). The index is provided by S&P Dow Jones Indices (the “index provider”) and includes securities of companies from the following industries: real estate management and development and REITs, excluding mortgage REITs. The fund is non-diversified.
$MUSA breaking a ~5week base. Can it move higher?* Very strong up trend since inception
* Great earnings in the recent quarters
* Breaking out of a ~5week base
* Pays out increasing dividends
* Has lots of accumulation indicated by the U/D Ratio
Technicals:
Sector: Consumer Cyclical - Specialty Retail
RS vs. Sector: 2.7
RS vs. SP500: 6.71
U/D Ratio: 1.66
Distance from breakout buy point: 0.17%
Volume 9.58% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just above the broken resistance
* If you're looking for a better entry you can look to buy around the $245.9 area as that should serve as a short term support
Algorand (ALGO) Buy ZoneAlgorand (ALGO) Buy Zone
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BIAS
Mid-Term : Neutral
Risk : Medium
We’ve seen high volume spike on this beast over the last 2 weeks, with closes below support and spikes of buying volume.
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$ALGO/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 0.39 - 0.38
TP 1 : 0.398
TP 2 : 0.408
TP 3 : 0.418
TP 4 : 0.43
TP 5 : 0.443
TP 6 : 0.455
TP 7 : 0.473
TP 8 : 0.495
Stop Loss : 0.3665
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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