AMD Massive Run ImminentAMD's 20-day SMA is about to cross below its 50-day SMA. This might be viewed in a vacuum as bearish and when AMD has been trading below its 20-day when this crossover occurs, it has led to lower prices and a continued downward trend. However the few times it was trading above both averages when the cross over occurred, the stock went on huge runs including a 150% run and an 80% run.
My guess is this will play out like it has historically barring a general market debacle. Long AMD.
Moving Averages
KAS vs BTC looking strong, supported by the golden pocket.Resistance turned support at about the golden pocket since breaking out on the 26Jun'24 and the first successful retest on the 23Jul'24, and with the latest retest on the 6Sep'24.
Ichimoku cloud have turned green as well since previous analysis.
A strong pump up to above the 50% Fib retracement level before dropping back down, suggests substantial capital awaiting on the sidelines to re-enter upon sign of a turnaround.
High probability of KAS recovering back towards ATH if it is able to hold and establish support above the green 50 SMA line, and to eventually allow the red 21 EMA line to cross above again.
Understanding the Renko Bricks (Educational Article)Today we are going to study a chart which is called a Renko chart. Renko chart is a chart which is typically used to study price movement. I use Renko chart many times to determine supports and resistnace. I find it easy and accurate way of determining supports and resistances. The word Renko is derived from Japanese word renga.
Renga means brick. As you can see in the chart below it shows a kind of Brick formation. The brick size is determined wither by the user and mostly it depends of typical average movement on the stock historically.
A new brick is formed once the price moves upwards on downwards in the same proportion or ratio of the typical brick. New brick is only added post the price moves in that particular proportion. A new brick might not be added in months if the price movement is not as per the ratio. At the same time a new brick might be added in a day or few bricks in a week is price moves accordingly.
We will try to understand this concept further by looking at the chart in the post. We have used the chart of Reliance industries to understand this concept and concept only. Please do not consider this buy or sell call for the stock. As you can see in the above chart I have used a combination of RSI, EMA (50 and 200 days) and Bollinger band strategy. RSI support for Reliance is at 35.89 with current RSI at 40.13. Bollinger band suggests that support might be round the corner for the stock. The peaks from previous tops are used to find out further supports and resistances. Mid Bollinger band level and Bollinger band top level coincide with other pervious tops making them tough resistance when the price moves upwards. Mother line EMA is a resistance now and Father line EMA support is far away. All these factors indicate the support zones for the stock to be around 2736, 2657, 2601 and 2561 in the near term. Resistance for Reliance seem to be at 2814, 2972, 3006, 3048 and 3202 levels. Let me give a disclaimer again. The above data is for analysis purpose and to understand Bollinger band, RSI, effect of EMA and Renko Bricks only. Please do not trade based on the information provided here as it is just for understanding Renko charts.
Disclaimer: There is a chance of biases including confirmation bias, information bias, halo effect and anchoring bias in this write-up. Investment in stocks, derivatives and mutual funds is subject to market risk please consult your investment advisor before taking financial decisions. The data, chart or any other information provided above is for the purpose of analysis and is purely educational in nature. They are not recommendations of any kind. We will not be responsible for Profit or loss due to descision taken based on this article. The names of the stocks or index levels mentioned if any in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
$SPY October 11, 2024AMEX:SPY October 11, 2024
15 Minutes.
575 was protected yesterday.
Now we have 9,21,50 averages converged in 15 minutes.
For the rise 566.63 to 577.71 holding 573.5 to 575 uptrend will continue to 579 levels.
For the fall 577.58 to 574.59 need to cross 576.5 - 577 for 579 levels.
The longs opened around 575 yesterday will be closed around 579-579.5 levels.
For the SL will be 573 levels.
Semis may be ready to surge.NASDAQ:NVDA has reclaimed most daily supply and may trade into the earnings high if it can reclaim this week's range. NASDAQ:SMH has similarly reclaimed the daily 50 SMA and will go higher upon confirmation of the daily 100 SMA supply. Higher prices in semiconductors, such NASDAQ:AVGO as well, may help NASDAQ:QQQ follow AMEX:SPY to a new all-time high.
NOT Coin, LONG opportunity !🟢 Here is a LONG opportunity on NOT/USDT:
Potential Buy Zones :
1- 0.0072$
2- 0.0070$
Potential Sell Zones :
1- 0.0099$
2- 0.011$
3- 0.014$
4- 0.017$
5- 0.021$
⛔ Stop Loss: under the support zone. (<0.0066$)
Disclaimer
The information provided here should not be construed as financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. The author is not responsible for any losses or gains resulting from investment activities based on the information provided.
Next level up?As you can see on this daily candle chart, after the pre-earnings low of $20.17, the bulls have taken control of the price movement in $DGII. It seems we have now corrected this upward move sufficiently, so we may be ready for the next impulse.
The price is currently sitting on a support cluster and is supported by the 50- and 200-day SMAs. If the 30-day SMA is broken to the upside, a continuation of the bullish move seems likely.
Applied Digital Pulls Back After September AI SurgeApplied Digital rallied sharply last month. Now, after a pullback, some traders may look for potential continuation.
The first pattern on today’s chart is the bullish gap on September 5 after Nvidia NASDAQ:NVDA participated in a $160 million funding round. That event boosted overall activity in the name, roughly tripling its average daily volume. TradeStation data also shows a big increase in options turnover. Those points suggest the provider of datacenter-equipment has attracted a new cohort of investors.
Second is the July 8 close of $7.14, APLD tested and held that level this week. Has old resistance become new support?
Prices also tested and held their rising 21-day exponential moving average. That may suggest an uptrend is in place.
Next, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day SMA. That relatively new condition, with faster SMAs above the slower, may suggest its longer-term trend is getting more positive.
Finally traders may watch the January high of $8.65 for signs of a potential breakout.
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Trendline resistance continues to halt Nifty. Closing BellThe trend line resistance continues to halt Nifty. Again today after making a high of 25134 Nifty saw selling pressure mostly again from FIIs. This time Nifty closed the day at 24998 below the psychological level of 25,000. This can enable bears to make Nifty test the support zone between 24932 and 24677. The resistance of Nifty are now at 25057, 25134 and 25204 Mother line resistance of 50 hours EMA and 25294 father line resistance of 200 hours EMA. Nifty continues to squeeze between support and resistance trend line and tomorrow can be the day when we can see either a proper upwing or downward move. Above 25294 Bulls will be very aggressive and drive Nifty upwards. Below 24677 Bears will be very aggressive and thrash Nifty downwards.
Strictly do not trade/invest without keeping Stop losses and Trailing stop losses. Stop losses protect your capital and trailing stop losses protect your profits. To know more about stop losses, trailing stop losses, Profit booking and investment in Equity in general or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Which is available in Amazon in Kindle and Paperback version.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Heading Into Earning With a Bearish FlagNASDAQ:ASML a leading chipmaker is showing an interesting pattern!
In the short term, momentum appears bullish as the price has crossed the 20 SMA and is approaching the 50 SMA, with analysts expecting positive earnings. However, on the daily and weekly charts, a bearish flag pattern is forming, which suggests a potential downtrend. If the price breaks above the 849 resistance, the bullish momentum could continue, but if it fails, the downtrend may push the price towards the 775 support level.
Ethereum Signaling a Possible Bullish BounceIn the weekly Ethereum chart above, several indicators suggest ETH could be approaching a significant support zone, potentially leading to a reversal:
The MACD is nearing a potential bullish crossover. This is typically seen as a signal that the downtrend could be losing strength and that buyers might step in soon. A confirmed crossover would likely lead to a shift in momentum towards the upside.
The RSI has dropped below the 40 level, approaching oversold territory (below 35). This indicates that ETH may be undervalued, and the selling pressure could be exhausted, hinting at a possible rebound in the coming weeks.
100 and 200 EMA: The 100 and 200 EMAs are acting as strong support zones. Historically, these EMAs have provided robust support during major market pullbacks, and they could hold up ETH’s price from further declines.
This indicates the bottom for ETH, and we can expect a bounce from the current support level.
PARAGMILK BullishFLAG&POLE 3Y4M BObon DTF/WTF SWING/POSITIONALSTOCK Analysis
TRADE PLAN
ENTRY -211/220
SL -195
TARGET --01-263 , TGT02--354
Hold For a Year or TGT 2
Chart Pattern :
STOCK has recently broken out STRONG of a Flag Pattern on the DTF/WTF.
INDICATORS EMA :
The Price is Currently Trading above 20EMA, 50 EMA is lower than 200EMA in DTF. 20 EMA Has just crossed over the 50 and 200EMA indicating a Bullish Trend.
STOCK EMAs are currently in process of aligning in a ascending order, indicating a transition from a Bearish Short Tem trend to bullish Trend on DTF/WTF.
FIBO E :
Marking the FIBO Retracement on the Last Downtrend , The Prices has crossed 50% FIBO Retracement Level TODAY , with ChoCH at 192 on DTF and 211 on WTF..
Volumes: There is a uptrend in Volume on the Weekly Charts for 3 Weeks after the 32 weeks Retracement from the 11Months Bullish Streak.
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk apetite (Exit when price closes 7to8% below your Entry).
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
Oxy correction and continuation Oxy looks like it wants to bounce off this 20 EMA on the daily chart. The stochastic still has room to run here on the weekly chart but could easily base here to reset the daily. Volume remains generally up, and war fears and market euphoria continue. I believe we will see the second leg to my next target of 58$ by end of month.
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Penny Stocks are easy to manipulate please check the fundamentals of Company before Investing
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Bitcoin falling to 59K??? Short-term prediction!!Hey guys!
Many interesting things happening at the market right now, and here are my thoughts about BTC.
So in quick we have a red cross on 4H, so seems like we at least can see BTC around 59K, cause also this is important Fib 0,618 level.
The volumes are still descending, plus the green line was broke, which means that we have a convergence with volume.
For me, for sure we gonna touch 59K zone and after we will see.
What's your thoughts?
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think