Silver May Have Space to the UpsideGold has been rallying to new highs recently, and now some traders may think silver can play catch up.
The first pattern on today’s chart is the pair of converging lines this year. Notice how XAGUSD has been pushing against the upper line since Friday. That may be viewed as the start of a breakout.
Second, prices held a peak from late August. Old resistance becoming new support is also consistent with a potential uptrend.
Next, MACD has turned positive. Prices are also near their rising 100-day simple moving average. Those may suggest bullishness in the short- and longer terms.
Speaking of the longer term, the second chart with two-week candles shows the white metal over the last 15 years. Notice how it’s recently consolidated above its 2023 peak and is now challenging resistance from 2020 and 2021. Traders may also notice the long-term peaks near 50 back in 2011. Could there be moves toward those old levels?
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
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Moving Averages
NextEra Energy (NEE) – Ascending Channel Near Key ResistanceNextEra Energy - NYSE:NEE - is trading in a strong ascending channel with rising lows, converging toward a key resistance around $91.50 .
The stock is well above all moving averages, signaling bullish momentum. With an upcoming earnings report , NEE could break through to a new 2-year high, especially considering its potential benefit from the ongoing AI boom.
However, the RSI is running hot , so it’s crucial to keep an eye on the bottom channel support line for signs of weakness. A break below could signal a retracement, but for now, the setup looks strong for continued upside.
Do you think NEE can sustain this momentum, or is it at risk of overheating?
PayPal (PYPL) – Cup-and-Handle Setup looks very BULLISHPayPal is showing a well-formed cup-and-handle pattern, with a currently consolidating handle. The stock is moving within an ascending channel, which helps project a path to the bullish target of $92.40 .
However , this is an early-stage breakout setup and carries some risk .
If the price breaks below the lower boundary of the ascending channel (currently around $72), it could invalidate the pattern.
With the 150-day moving average far below and the RSI in overbought territory, any failure to hold support would suggest an overextended stock .
On the upside, volume is increasing, and the market's current bullish trend gives PayPal a solid chance at breaking through the $74 resistance and heading toward the target.
With pre-market price of ~$74 PayPal looks ready to test the $74 resistance.
However, keep an eye on $72 support level for risk management, and wait for volume for breakout confirmation.
Do you think PayPal can sustain this momentum, or is the stock too stretched for a breakout?
Micron Technology (MU) – Potential Double Bottom FormingI'm seeing the early stages of a double bottom pattern forming in Micron's ( NASDAQ:MU ) price action.
While the stock remains under the 150-day SMA at $112 , a breakout above the $90 neckline could signal a reversal with an upside target around $140—a potential 55% gain.
This setup is still far from confirmed and represents a high-risk trade , but it could be a significant turnaround for Micron.
A key factor to watch is Micron's earnings report next week, which could provide the momentum needed for a breakout. Micron has consistently beaten expectations and raised its outlook, so the upcoming earnings might be the catalyst for a major price jump.
What are your thoughts on this potential turnaround? Do you see Micron's earnings fueling a breakout?
Disclaimer : This idea is for informational purposes only and is not financial advice. I am not a professional, and you should do your own research or consult with a licensed professional before making any investment decisions.
Consolidation before the BOJ Policy Rate DecisionWe probably won't see much price action today even though rates were cut to 5% yesterday. Many market participants are bullish, but this feeling can quickly disappear if the Bank of Japan (BOJ) decides to raise rates again, creating a situation like the one on August 5th. We got some clusters of liquidation around ~$63k but we have alot more at <$58k to liquidate.
GMT (The NFTs Comeback)NZX:GMT
The hype on the #NFT & #Metaverse sectors shall return in the coming bull run.
As long as #GMT is below $0.1541, I expect a new low around $0.07 : $0.05 then we can determine the exact low based on the price action.
The targets if this idea goes as planned will be superb.
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 Stock are easy to manipulate be careful and check the fundamental of company thoroughly.
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 Stock are easy to manipulate be careful and check the fundamental of company thoroughly.
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 Stock are easy to manipulate be careful and check the fundamental of company thoroughly.
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
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.
Darvas Box Strategy - Breakout Stock Disclaimer: 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 1:1 & 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.
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 1:1 & 1:2.
Stop loss can be Trail when new box appear / Swing above.
Be Discipline, because discipline is the key to Success in 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 1:1 & 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.
Caterpillar’s High Basing PatternCaterpillar began the year with a strong rally before entering an extended pause. But now some traders may think the Dow Jones Industrial Average member is ready to start moving again.
The first pattern on today’s chart is the low in June, the lower low in August and this month’s higher low. That’s a potential high basing pattern that may suggest new support has been established after a period of consolidation. It’s also noteworthy to see that occur above the previous highs from 2023.
Second is the falling trendline along the peaks of April and May. The earth-moving stock has spent a lot of time since June pushing through that line. Is intermediate-term resistance finally giving way?
Third, prices have held the rising 200-day simple moving average (SMA). That may reflect a bullish longer-term trend.
Turning to the shorter-term, our 2 MA Ratio custom script shows how the 8-day exponential moving average (EMA) has crossed above the 21-day EMA.
Finally, you have the price zone around $363. It was the close on April 24 before CAT gapped lower on earnings and resistance in July. Traders could now potentially view it as the trigger for a breakout.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
Points of Interest on BITCOIN before FOMCI'm watching the price action closely today as we approach the CME gap at $61.5k.
We have not yet taken the previous high on the CME chart. The gap is still open a little bit. We've also accumulated some liquidity at about $57.2k. It is also wednesday, which is know for it's trend reversal.
Nikkei future coiling up for an explosive break?Nikkei futures look like a market where bulls and bears are waging war, all while the price continues to coil up within a symmetrical triangle, waiting for a potential explosive break.
The sizeable wicks on the daily candles suggests the collective market hasn’t made up its mind yet, although having entered the triangle from above, the inclination is that directional risks are biased lower. It’s also noteworthy that down days are often accompanied by stronger volumes, suggesting bears marginally have the upper hand. RSI (14) and MACD continue to generate bearish signals on momentum.
While I see more downside risk than upside, I’m not wedded to the view. Depending on what the Fed does with interest rates, and the subsequent reaction in the Japanese yen, the picture could easily change. My gut feel is the yen will be more influential on Japanese stocks than the lead from Wall Street, so that will help determine the higher probability setup.
A 50-pointer from the Fed would likely create downside pressure on USD/JPY, amplifying headwinds for the Nikkei. A 25-pointer would likely do the opposite.
If we see a downside break of the triangle, 35120 is the first level of note. Below that, 33750 has been respected on numerous occasions in recent years, making that a potential target.
If we were to see the price break out of the triangle on the topside, 36875 has acted as both support and resistance recently. Beyond that, the former uptrend will provide a test with a break above that opening the door for a move to the 50 and 200-day moving averages.
Good luck!
DS