Moving Averages
Long term $180-$190 target. More downside likely short term.I think short term we can see a final push down. Company has way to much in OP EX and once it can figure out how to remove/cut the amount in half, this stock will show to investors that it has a plan for long term profitable growth.
Question is, which earnings report will it be and/or will they release news on lay offs once unemployment really spikes.
BUY THIS STOCK IN MY PINK ZONE AND HOLD 2-5 YEARS.
my main concern right now is AI hype flushing down and/or there cash on hand and free cash flow continues on its down trend...
NVIDEA - Poised for a Breakout: Which Way Will It Go?NVIDIA ( NASDAQ:NVDA ) is currently consolidating between lowering highs and rising lows, forming a symmetrical triangle. There are two possible support lines: one starting from October 2022 and another from February 2024. I’m leaning toward the 2022 support, as it lines up with the 150-day moving average (MA150), making it more reliable.
The stock is trapped between two key horizontal levels:
$140 resistance (all-time high).
$102 support, a major level to watch for any breakdown.
A breakout above $140 or a break below $102 could lead to significant moves.
NVIDIA is leading the AI wave, and demand for their chips is incredibly strong, with big partnerships with companies like Microsoft and Amazon continue to drive the momentum.
This, combined with solid technicals, makes me lean toward a bullish breakout.
What are your thoughts? Do you think NVIDIA will break higher or lower as it nears the triangle’s end?
COT Strategy - Gold ShortDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Gold (GC)
My COT strategy has me on alert for short trades in GC if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Sell Signal
Valuation: Overvalued vs Treasuries
Extreme Positioning: Commercials most short they have been in last 3 years = bearish. Only thing that would be better is SS's making an extreme in long positioning, but no luck with that yet (but something I'm watching).
OI Analysis: OI has been increasing on up move since June. When OI increases, we need to ask "who caused the OI increase"? When it is caused by Large Specs & Small Specs, it is bearish. In the case of Gold, it is being caused by LS & SS's, which is bearish.
Spread: Bearishly diverging.
ADX: Diverging, implying the trend lacks integrity.
Supplementary Indicators: Acc/Dis , %R, Stochastic & Momentum (not yet triggered)
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
EMA, SMA and which one to choose? Educational PostArticle Written by Author of the book: The Happy Candles Way to wealth creation.
There is always a lot of debate while using chart whether to use EMA or SMA.
EMA = Exponential Moving Average.
SMA = Simple Moving Average.
In the below chart Black and Orange lines represent 50 and 200 EMA. Blue and the Lavender line represent the 50 and 200 SMA.
Simple Moving average is the actual average of the kind of SMA you are using that is 50 SMA is average of last fifty closings. Exponential moving average gives more importance to the recent price and less to the past prices in that order. For example, if you are calculating 50 EMA the weightage given to yesterday’s price is more than the weightage given to the price before 49 days. I personally use EMA for my charts when I want to take entry to some stocks. As I feel recent price influence the move of the candles more than past prices for future upward movement. At the same time for Profit booking I give more importance to SMA and 21 SMA in particular as I base my trailing stop losses based on monthly average.
To know more about EMAs and SMAs and importance of EMAs in particular you can read my book. The Happy Candles Way to wealth creation available in Paperback and Kindle version on Amazon where I have explained my Mother, Father and Small Child theory where I consider 50 EMA as mother line 200 EMA as father line and movement of a candle is compared to movement of a child playing in garden. In a very simple way I have tried to explain Techincal analysis related to stock price movement and their relation to EMAs.
Now whichever EMA or SMA you use. What I feel is you should remain consistent with it. Do not keep switching between the two. As you can see from the chart there is no major difference in position of both lines in the chart specially when the EMA or SMA is smaller in number. Moving averages are very helpful in determining the trend of the stock. Chances of its correction and support the stock price will get while falling down or resistance it might face if the price is below those lines.
EMAs and SMAs are excellent support when the stock price is above them and become fierce resistnace when the stock price is below these lines. Thus knowing where they are with respect to price is very important. My advice will be EMA or SMA should be part of your chart. Which one you use is a matter of choice. Staying consistent to the moving average you choose is important as Harivansh Rai Bachhan the famous Poet has said in his most famous poem Madhushala and I quote him, “Rah Pakad tu ek chala chal pa jayega Madhushala”. Meaning be consistent to your path and you will find your target.
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.
50 SMA Rising - Swing 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.
50 SMA Rising strategy. Suitable for Swing 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 for 2 to 4 weeks.
Target & Stop loss shown on Chart. Do not Forget to Exit if Stop loss Hit.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Key Support / Resistance Strategy - Swing 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.
Key Support & Resistance Breakout. Stock has give Breakout of Resistance level. Keep in watch list. Buy after the Breakout only. Suitable for Swing Trade. Stop loss & Target Shown on Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2.
Stop loss can be Trail when it make new box.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
EURNZD to find sellers at market price?EURNZD - 24h expiry
Short term bias has turned negative.
50 4hour EMA is at 1.7919.
We look for a temporary move higher.
Daily signals are mildly bearish.
Rallies should be capped by yesterday's high.
We look to Sell at 1.7915 (stop at 1.7960)
Our profit targets will be 1.7795 and 1.7775
Resistance: 1.7900 / 1.7941 / 1.7970
Support: 1.7850 / 1.7823 / 1.7800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
CCL Carnival Corporation, Too cheap? Bullish candlesPrice broke a resistance, and the difference between the other breaks, is that one are followed by a DMI and ADX confirming Long, The fast SMA have already crossed the others moving averages, increasing the idea of a continuation of price rising
With the cut in interest rates, and earnings in 11days, I think this will be a great price to buy.
Can Bank of America Break Out?Bank of America fell sharply over the summer as Warren Buffett sold shares. But now some traders may think the lender has stabilized.
The first pattern today’s chart is the rally between early August and early September. BAC retraced half the move before returning to the upside. That may suggest that buyers are in charge.
Second, the bounce occurred at the 200-day simple moving average (SMA). The 50-day SMA is also above the 100-day SMA and both are higher than the 200-day SMA. That order, with the faster SMAs above the slower, may be consistent with a longer-term uptrend.
Third is the September 4 high of $40.95. The stock pushed above this level on Thursday before slipping back below it. Will traders view it as a trigger for a breakout?
Finally, our 2 MA Ratio custom script shows that the 8-day exponential moving average (EMA) has crossed above the 21-day EMA. That may reflect increased bullishness in the short term.
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INSIDE BAR BREAKOUTToday's setup: I'm using the inside bar technique and the 20-period moving average, with a 1:2 risk-reward ratio. For traders who are just starting, you can use this technique for scalping or swing trading. It works even better when the inside bar candle is located in a support or resistance zone. However, always remember that every setup carries the risk of loss, so it's important to set Take Profit (TP) or Stop Loss (SL) levels for proper money management.
SWING IDEA - SHAREINDIANSE:SHAREINDIA is currently at a good buying range. Stock has also corrected about 30% from its top and has started forming good support.
MACD is indicating a good bullish momentum that is still at an early stage and could start soon.
Stock is also bouncing off from its Supply/Demand zone as marked in grey box on chart.
Could take a while by the time the trade completes. Patient is Key here.
S&P 500 forecast: Outsized rate cut music to bulls’ ears. S&P 500 forecast: The US stock market has shown impressive resilience following the recent volatility. Investors, thrilled by the Federal Reserve’s outsized rate cut, have pushed index futures higher. However, there are mixed opinions about what lies ahead. For now, it looks the S&P 500 will finish the week at a fresh record high.
Fed’s Rate Cut and Its Impact on Markets
The Federal Reserve’s decision to deliver a 50-basis point rate cut was largely welcomed by investors. The move was seen as a bold but necessary step to ease economic concerns without sending panic signals reminiscent of the 2008 financial crisis. Fed Chair Jerome Powell emphasised that the cuts are not part of a long-term strategy but rather a proactive measure aimed at stabilising growth, now that inflation appears to be on the path of returning to its target.
Markets initially sold off but quickly rebounded, with S&P 500 futures suggesting a potential new record high is on the horizon at the cash open today. The Dot Plot projection also boosted investor confidence, showing a possible 50 basis points of cuts this year and 100 next year, with the terminal rate expected to hit 3.0% by 2026. But what now?
Can the S&P 500 Rally Continue?
With the S&P 500 up nearly 19% year-to-date, investors are wondering if the rally can be sustained. On the surface, it appears that market sentiment is bullish, bolstered by the Fed’s actions and a series of robust earnings reports. Yet, looming risks, such as global economic slowdown in the Eurozone and China, may challenge this optimism. Moreover, seasonal trends indicate that September is typically a tough month for equities, adding a potential headwind to the current rally – although so far this hasn’t held investors back. With the US presidential election approaching, market volatility could spike, leaving investors hesitant to dive into new rallies without a clear trend.
S&P 500 forecast: Technical Analysis and Key Levels to Watch
Despite some volatility after the Fed’s rate cut, the S&P 500’s bullish trend remains intact. Traders should keep an eye on the support range between 5613 and 5670, with the upper end of this range marking the high from July. As long as the index holds above this support area, the short-term path of least resistance will remain upwards, potentially keeping the market on course to head towards 5800 or even the 127.2% Fibonacci extension level of 5827, derived from the drop in July.
However, a dip below 5613 would signal a shift towards bearish sentiment, potentially pushing the index down to its next support and short-term trendline around the 5480-5500 area.
Bearish Risks and Market Sentiment
While the bulls are currently in control, bearish traders are watching for signs of a reversal. A drop below recent lows, as suggested above, could signal the end of the short-term bullish bias, reminiscent of the July sell-off when overbought conditions led to a sharp decline. Then, the signal came in the form of a bearish engulfing candle on 17 July. Bearish traders need to wait for a similar confirmation before making any significant moves, given the overall bullish structure of this market.
Risk Management in a Volatile Market
Regardless of whether you're bullish or bearish, managing risk is critical in today's market. With heightened uncertainty surrounding the economy and upcoming elections, volatility is expected to remain high. Traders should stay nimble and be prepared for sudden shifts in the market’s direction.
In conclusion, while the S&P 500 forecast remains cautiously optimistic, several factors could derail the current rally. Staying informed and agile will be essential for navigating the coming weeks. We will, of course, highlight any major shifts in the trends, if observed. Stay tuned.
-- Written by Fawad Razaqzada, Market Analyst
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
MASTERCARD short-term weakness is a buy opportunity. Target $515Mastercard (MA) gave us an excellent sell signal on our last call (April 02, see chart below), reaching our exact Target ($440.00) before turning sideways and reach this way a Higher Low:
That Higher Low was a bottom on the 2-year Channel Up pattern that has been dominating the long-term price action of the stock. As you can see it hit the 1D MA200 (orange trend-line) and the 0.382 Fibonacci retracement level and has rebounded since, which is similar to the March 16 2023 Low.
The similarities are evident on this chart between the Bullish and Bearish Legs of the Channel Up and the Sine Waves help at giving us a sense of Highs and Lows. The 1D RSI sequences between the two main fractals are also similar and this shows that probably we are at a similar symmetrical level as on July 14 2023.
As a result, we expect a short-term pull-back towards the 1D MA50 (blue trend-line) and then final rally towards the elections for a Higher High around $515.00, which will be just below the -0.236 Fibonacci extension (similar to the September 14 2023 High). Then we expect the stock to yet again seek the bottom of the Channel Up near the 1W MA100 (red trend-line) at $460.00.
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#LTCUSDT #4h (ByBit) Broadening wedge breakout & retestLitecoin pulled back to 50MA support where a bounce seems likely, eventually leading to a bullish continuation.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (7.0X)
Amount: 4.8%
Current Price:
72.06
Entry Targets:
1) 71.83
Take-Profit Targets:
1) 80.39
Stop Targets:
1) 67.54
Published By: @Zblaba
CRYPTOCAP:LTC BYBIT:LTCUSDT.P #4h #Litecoin #PoW litecoin.org
Risk/Reward= 1:2.0
Expected Profit= +83.4%
Possible Loss= -41.8%
Estimated Gaintime= 5-10 days
#EGLDUSDT #1D (ByBit) Big falling wedge breakoutMultiversX (f.k.a. Elrond eGold) looks good for bullish continuation on daily after regaining 50MA support, road to 200MA resistance seems next.
⚡️⚡️ #EGLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (2.0X)
Amount: 5.0%
Current Price:
35.91
Entry Targets:
1) 34.56
Take-Profit Targets:
1) 48.29
Stop Targets:
1) 27.68
Published By: @Zblaba
CRYPTOCAP:EGLD BYBIT:EGLDUSDT.P #1D #Elrond #eGold #MultiversX multiversx.com
Risk/Reward= 1:2.0
Expected Profit= +79.5%
Possible Loss= -39.8%
Estimated Gaintime= 1-2 months