PAGS - Opportunity to BUYHey everyone, here's the analysis on PAGS. If you find this insightful, please follow and like our idea, also leave a comment on ideas you would like to see next!
Summary:
Current price could drop lower to zone 2 before a bounce, which presents a good opportunity to buy.
Action:
Buy Limit: 18.80
Stop Loss: 17.00
Take Profit: 25.30
Analysis:
On the daily chart, zone 2 was a key breakout zone along with a strong fibonacci confluence which intersects with our H2 trend line. If current price drops lower to this zone, it could make a bounce to zone 3, as illustrated by the yellow dotted lines.
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Breakouttrade
SPLK, Splunk Inc. - Breakout on RectangleNASDAQ:SPLK
Since the beginning of the year the price has tested several times levels forming a resistance and a support, which we call "rectangle" in technical analysis.
In the last few days, the bullish breakout has taken place. Excellent opportunity to enter therefore Long.
Trade Ideas Educator: USDCAD BatA bearish bat with my favorite ascending triangle can be a bit tricky for the decision making for this setup.
I will wait and see how the market react at the blue trendline, a break and close below the blue trendline will make the ascending triangle invalid, however, if the market didn't break and close below the bullish trendline(blue) I will unlikely let place a sell limit to short for the bearish bat.
When 1 have multiple trading strategies is important to have an objective view in the setup.
$CDXC ChromaDex Corp A Breakout Above $5We have been watching $CDXC for quite awhile and the stock is on verge of a breakout. A move above $5 would be new 52-week highs and get the momentum players into the stock.
We are going in at $5.01 and not much of a stop will be needed. For those that use a money stop, 5% to 10% risk is sufficient.
About ChromaDex:
ChromaDex Corp. is a science-based integrated nutraceutical company devoted to improving the way people age. ChromaDex scientists partner with leading universities and research institutions worldwide to uncover the full potential of NAD and identify and develop novel, science-based ingredients. Its flagship ingredient, NIAGEN® nicotinamide riboside, sold directly to consumers as TRU NIAGEN®, is backed with clinical and scientific research, as well as extensive IP protection. TRU NIAGEN® is helping the world AGE BETTER®. ChromaDex maintains a website at www.chromadex.com to which ChromaDex regularly posts copies of its press releases as well as additional and financial information about the Company.
As always, trade with caution and use protective stops.
Good luck to all!
$UAN CVR Partners A Breakout Above $4.35$UAN is setting up for a major breakout. We recommend going long on a break above $4.35
Headquartered in Sugar Land, Texas, CVR Partners, LP is a Delaware limited partnership focused on the production, marketing and distribution of nitrogen fertilizer products. It primarily produces urea ammonium nitrate (UAN) and ammonia, which are predominantly used by farmers to improve the yield and quality of their crops. CVR Partners’ Coffeyville, Kansas, nitrogen fertilizer manufacturing facility includes a 1,300 ton-per-day ammonia unit, a 3,000 ton-per-day UAN unit and a dual-train gasifier complex having a capacity of 89 million standard cubic feet per day of hydrogen. CVR Partners’ East Dubuque, Illinois, nitrogen fertilizer manufacturing facility includes a 1,075 ton-per-day ammonia unit and a 1,100 ton-per-day UAN unit.
As always, use protective stops and trade with caution.
Good luck to all!
Break out and confirmationGBPUSD has reached top label of the H4 resistant label. I could be break the resistant label. Or it could reverse.
If it break the H4 resistant label you can buy in this zone (1.27833 -1.27499) and your
TP-1 would be 1.28966
TP-2 would be 1.29574
If it reverse from H4 resistant label you can open a sell trade from this zone ( 1.27430 - 1.27202) and your
TP -1 would be 1.26304
TP-2 would be 1.25783
Don't forget to move your SL
And you can close half your trade after reaching TP -1 and move stoploss to the entry label and wait for reaching TP -2
Thanks for watching my analysis.
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Bitcoin falls break-out incomingHi.
I've been very busy and couldn't post more.
Not going deep in techincals as I'm using my smartphone fore this idea.
I don't know how many times I've seen this false break-outs to either direction.
Btc should consolidate within 7850-8050 range during the weekend.
People who day trade might want to buy at GREEN zone (7820-7870). And RED zone (8200-8240) should be for sell orders. Red line is for possible spike.
If we break below that triangle, get ready for stretched out downside action. Idealy I would like to see 5200-5600$ range covered, 0.618 of recent parabolic wave up. By any means, it would be smart to wait for 30-40% decline to accumulate more cheap alts and hodl with limited risk.
Have a great weekend.
USDCAD SHORT OPPORTUNITY (FINALLY A BREAKOUT???)USDCAD broke out of a trend-line that it had been respecting for a while and based on this, I think i think it is a good short opportunity of Risk to Reward 1:5. I had been waiting for this breakout for over 2 weeks and now with a good closure on the 4H we could see the price coming back down to 1.33000. The slop loss is just above the minor resistance that is broken out of and was tested. Once you are 25 pips in profit, cover it to break even and ride the trend.
The Ultimate Nasdaq Breakout Trading Plan [10x-100x Potential]I love penny stocks and small caps for so many reasons as a full-time retail trader. I don't wanna advocate it, or get philosophical if blue chips are better or not so let's just talk money.
The volatility you observe on small caps are many times far greater than cryptocurrency itself, and it's far less popular, so less manipulation and fewer robots - most of my strategies and indica tors have clearer signals trading small caps.
We are talking about a stock that was traded at $1000 and now is at $3.6, that's what I call a good range. The actual price is nothing less than 163% of the 52 weeks lowest low, once again, that's what I call a good range.
That said, let's get at it.
This is my basic trading setup, the left part of the screen is basically my screeners , I keep track of 20 assets that I previously filter with fundamental and news research.
From those 20 filtered assets, it's where TA comes in handy. Spectrum Screener tells me without with one glance what I should look at now without wasting my time analyzing chart by chart.
Usually, I pick the 4 best assets and divide my daily trading capital among those 4 positions. The position sizing has a very specific rule, where there are weights based on a grade that I give to each and every trade based on how likely I think that it will be correct.
This asset had over $500k in traded volume that tells me I should not trade anything above $5k/daily to be able to enter and exit fast if needed. (1% of total daily volume)
Now we know how much I'm trading, I take a look at the bigger timeframe on the lowest right chart(D) - that will give me the overall idea of what is going on and what strategy I'll choose.
Once I knew it was a breakout, I picked one of my strategies that I think fitted best and I'm following it.
The way I do it is through a smaller timeframe chart, so that gives me more precision with my entry price.
The Gray Breakout lines are not aligned at the same price because the D was unprecise and I like to use price lines with high + low / 2.
I like how it gives you a better overall idea but it's not really good for final entry/exit prices, you want to use it to understand what you're dealing with and what strategy you should use - lines are great for that, also H+L/2 removes a lot of noise.
That said the rest is really self-explanatory.
ATM I'm up more than ~+4% and my stop-loss is set for a ~+1.5% profit, I do that to not transfer a winning trade in a loss.
By raising my stop-loss I get rid of amateur losses and let me eliminate unnecessary risk.
Let's say we get stopped and I'm out with +1.5% profit, there are two scenarios the asset dives down and we avoid a horrible situation or it goes back up.
In case it does go back up we already have a minefield of buy-limit orders and even a small order stop-buy order on the stop-loss level just in case we miss the bottom. In this way, we eliminate all the downside and only get in when risk is minimal once again.
Now the strategy is pretty simple and we use just a few simple yet robust features from Spectro M .
The volume analyzer, Specter Clouds, XConfirmations Reversal Warnings and the classic Spectro Oscillator itself.
How I used them is explained and compared in the chart.
You can use this similar approach for other breakouts. Also, raise your stop-loss wisely. In this topic, I'll not discuss risk management so pick your favorite protect-profit strategy.
GBPUSD-Weekly Market Analysis-Jan19,Wk3While GBPUSD on its Daily Chart still indicates a bearish tone, but it does give me a breakout and pull back trading opportunity on the 4-hourly chart.
Exact Level will be shared with my subscribers but the final target level I'm looking at is at 1.2956-1.2967.
Now you know the target level I am looking for the question for you will be which price will you exit?
As for me will be...
Please do decide before reading my choice...
I will be looking at 1.2956 to close off my trade, should this trade occurs, a simple rule I always follow, always enter slightly later(market confirmation) and exit earlier(not at the furthest profit potential so I won't miss the exit.)
If you love my trading methodology, just subscriber to our trade ideas at:
forex100academy.com
FB weekly trend reversal and breakout of downtrend channel NASDAQ:FB Fadcebook has broken out of it's daily and weekly downtrend channel at long last. It's building sizable bullish momentum for a rebound at least up to 165. However I suspect that because it is so oversold and the markets at large are currently so oversold (even on weekly levels) globally that we're going to see a sizable rally / short squeeze within the next few days. I expect a +22% move possibly more if the rest of the market can maintain some bullish momentum.
ATNM-Breakout TradeATNM is preparing for a breakout.
Analysis Method: Wave Theory + Fibonacci
The 3HR chart shows a primary wave sequence and correction.
Fib Extension of Primary Wave Sequence:
Fib Time:
Fib Time Extension:
Fib Spiral: Primary Wave
Indicators:
Near-term Target: (15-30 days)
$.72 - .83
Long-Term (60-90 days)
$1.04 - $1.35
Will update.
-AB
2] How to use Traders Dynamic Index and Complementary OverlayWe here learn to observe the higher time frame 360, and analyse 1D that RSIPL are crossed down parallel. So lower than daily time frame= 540, 360 allows for trend entry at a 360 RSIPL and 'TSL initial cross down for max profit.
On 180 as on 360 allowed for entry using the RSIPL/TSL crosses down. Also observing Phaser very near price as it 'pushed' priced down until price could breakout Phaser which had much importance.
Price breakout of black Midline meant clear reversal and price retraced to it for support with target being HighPhaser or Fibonacci retracement tool for extension target. Entry for this retracement was possible by means of the countertrendline cross.
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[BTC/USD] What's happening with BITCOIN!?Hello traders! Here we have BTC/USD. As you can see from TA we are fighting with the downtrend resistance line (dotted red line). (red dotted line) is showing a forming a descending wedge'ish pattern - I think, it's more likely, that we will follow this path down to around ~7,300USD levels (red dotted line) and then see a spike in price.
MACD & RSI indicators are starting to gain momentum.
RSI is near oversold mark.
MACD is below average.
CTIC major Huge breakout possibleCTIC has a major resistance point and the current price is near the resistance. On Monday the 26, unless something drastic happens over the weekend, it will show some major movement, either a breakout or just an annoying. If anyone is a penny stock trader, MAKE SURE YOU HAVE THIS ON YOUR WATCHLIST! Something will happen! Let me know what you think in the comments and also, the one minute time interval graph is clear so if anyone is interested, make sure you check it out. Have a nice weekend and lets see what happens on Monday. Also see NASDAQ: AEMD, similar situation.
EUR/USD: Rising Channel / Ascending Wedge - BE PATIENT!Not the best currency pair to be getting involved with at the moment. There is a lot of possible scenarios developing and no clear direction. Not only are we within a range, but also in the middle of Channels, which is not an ideal entry point.
Identified are: 1) Ascending Wedge Pattern; 2) Channel #1; Channel #2;
At the time of this post, on a slow post xMas session, the market is range bound (Grey box). In short, a break above the range, followed by a pullback to the Mov Avg and bounce back up stands as a good bullish entry with TP at the red resistance levels. The opposite below the grey range would be a good short opportunity to the bottom trendines of the channels.
The trend is clearly bullish since retesting the support levels at 1.1720. The dotted ascending trend line and relatively low RSI level makes a good case for a Wedge pattern which would take the pair up towards the 3 red resistance levels to finish out the pattern. This upwards strength is also backed up by the retesting of the Mov Avg followed by strong pushes up forming candles with long tails.
On the other hand, if the wedge is merely apparent and we are within a Channel, the lower 1.18's stand as a good Long entry point when coinciding with the trendiness to then go back up to the red resistance levels within the plotted channels.
Staying patient will yield the most profit right now.
How we would take this trade:
Agressive Approach: Wait for the market to breakout of the Range. Wait for the pullback to Mov Avg and Support or Resistance levels of range (depending on the direction of the breakout) and get in there to the designated TPs (Red Resistance if bullish breakout, bottom of Channels if bearish breakout)
Safer Approach: Let the market reach the extremes of the channels and enter a trend reversal trade (Short at the top of Channels coinciding with resistance levels, Long at bottom of channel coinciding with Support).
Stay patient. Good Luck. Low Volume market right now, which can surprisingly be volatile when you least expect it and fake you out.