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Exponential Moving Average (EMA)

CMG - it might be expensive but the value is there LONGCMG on the weekly chart has been uptrending for a year after being rangebound sideways for a year. It has seen a volume spike and corresponding price action with the current earnings beat Price rose 60% in the past year and 16% YTD. This is not linear and nor is it parabolic. The MACD supports the bullish momentum observation in the price action while the RS indicator shows good strength in both shorter and longer time frames. This is a blue chip megacap for sure. While it is not technology like the MAg7, the food business is lucrative. the CEO in the earnings call announced plans to expand to 7000 stores nationally. This is ambitious. Those who are ambitious investors or traders and are well funded could consider adding some shares or even a few options of CMG. I am going with a few options OTM at $3000 six months out. I believe that I will be well rewarded for the risk taken especially given the expansion plans and the historical track record here.
NYSE:CMGLong
by AwesomeAvani
Chainlink(LINK): Getting Ready For Another Rejection?LINK coin is another one that caught our attention with a great possibility of downward movement here! We see that upon reaching that upper line of BB, we are getting rejected multiple times and now we are seeing that last time we had reaction, we had a really nice attempt to move further but we got stopped by 100EMA We are looking here for a good rejection to happen (another one), and once we get it, we will be looking for a short here! Swallow Team
Short
by SwallowAcademy
3
EURJPY 30m chart potential Falling wedgeThe the 30m chart the EURJPY is forming a potential falling wedge. On the chart infront, you can discover a bullish market structure Additional confluences: - Price has dropped to the support range created from the previous major high - The price is testing the 0.382 Fib. Have in mind that the 0.5 and the 0.618 levels are also in the support range so it is possible for the price to drop lower. If it does, monitor if it's still in the ranges of the falling wedge. If it goes out of them, then the pattern will be invalidated. - Price is close to the 200 EMA, Might drop a bit lower to test it before providing a potential breakout of the pattern to the up side
Long
by RTED_Investing
Gold at a crossroad, 200 USD+ move, massive symmetrical triangleThis is a Daily chart for Gold. On it we can notice that the price has formed a massive symmetrical triangle. As per the deffinition of the pattern, after the price produces a breakout up or down, the potential movement can be equivalent to the distance between the highest and the lowest points in the pattern. This is about 215 USD movement If the price breaks to the up side, according to the pattern, it can reach levels of about 2250 - 2270. If it breaks down then it can drop close to the 1800 level Additional confluence: - On the daily chart, the price has been showing a lot of respect towards the 50 EMA. On the latest drop it hit it and bounced straight up from it. On the 4H chart, the situation is similar with the 200 EMA
FOREXCOM:XAUUSD
by RTED_Investing
Sandbox(SAND): Bounce To Upper Resistance?Sand had a nice breakout from EMAs, securing this zone perfectly! We are looking here for a potential bullish bounce to the upper zones, which should be a sweet spot for a potential short position! We are not going to enter currently with a position as it is still a little early (just recently we secured EMAs but still showing a weakness near that zone) Waiting out for perfect setup and a potential bounce to upper zones here! Swallow Team
Long
by SwallowAcademy