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Fibonacci Extension

CAMS 3 YEAR BREAKOUT 🎉 CAMS Breakout of 3 Years! 🚀 CAMS: CAMS is India's largest Mutual Fund Transfer Agency, providing services and statements for mutual funds, AIFs, insurance companies, banks, and NBFCs. I'm excited to share my analysis on CAMS, showcasing a promising long-term positional buy: Current Market Price: 4186 Stop Loss: 3000 Targets: 4780 and 6500 Analysis and Reasoning: Pattern: Rounding Bottom Breakout Breakout Timeframe: Monthly Calculation: The rounding bottom spans from 2037 to 4067, indicating a potential gain of almost 2000 points. This projects a target of approximately 6100 (4067 + 2000). This milestone is a testament to my dedication, hard work, and strategic planning in market analysis. I'm passionate about identifying and leveraging market opportunities to achieve financial goals. Note: I am not a SEBI registered analyst. Please consult with a financial advisor before making any investment decisions. #Achievement #Success #Milestone #CAMS #MarketAnalysis #InvestmentStrategy #RoundingBottom #Breakout #LongTermInvestment #FinancialPlanning
NSE:CAMS
by satyam15
Trading Idea of week 35 - S&P500 - TradingMasteryHubWelcome to the TradingMasteryHub Trading Ideas! Are you ready to gear up for the upcoming week? Join us as we dive into a detailed analysis to uncover top trading opportunities that could potentially boost your trading account. We’ll break down our strategy, defining precise Entries, managing Risk, and pinpointing the optimal Exit zones—steps that can transform your trading performance. Whether you’re just starting out or looking to fine-tune your approach, these insights are crafted to help you on your path to mastering the markets. S&P 500 Poised to Break New All-Time Highs! The S&P 500 has climbed back above its long-term uptrend (green trend line) that’s been in play since early November 2023. The current all-time high (ATH) of 5,680.4, set on July 16th, also marked the beginning of a mid-term downtrend (red trend line). However, two weeks ago, we witnessed a significant breakout from this downtrend, accompanied by high volume, which also reestablished the long-term uptrend. The last four trading days have been range-bound between key support (green) and resistance (blue) zones, with a stable volume profile (orange box) in between. If the price manages to break through the key resistance zone (blue), new ATHs are highly likely. This presents a clear and compelling trading opportunity that we’re excited to share with you. How to Turn This into a 5-Star Setup! Before we rush into a trade, excited by the prospect of bullish momentum, it’s crucial to do our homework. This means waiting for multiple confirmations before entering the trade: 1. The Trend is Your Friend: The chart shows different trends depending on the time frame. We’re trading on a 15-minute chart, where the uptrend is clear. But we also need to confirm that the higher time frame (above our execution trend) is in an uptrend and not in a consolidation phase following a longer-term downtrend. - Box Checked: We saw a breakout from the mid-term downtrend on August 15th with high volume (RVOL > 3) and a 15-minute close above the last higher low of that downtrend on August 19th, also with high volume. 2. We Need New Bullish Momentum: To hit new ATHs, we require strong buying pressure. This could come from a catalyst like favorable news (e.g., interest rate cuts by the Fed) or a technical breakout above the key resistance zone (blue). - Box Checked: We’ll look for a 15-minute close above the blue zone, RVOL > 3 at the breakout, and ideally, a U.S. market opening above the previous day’s Volume Profile high to confirm a trending day. - Plus: Price must be above both the session VWAP and 2-day VWAP. - Bonus: An additional catalyst in the form of a market-moving news event. 3. We Need Patience: Only when all the above criteria are met should we enter the trade. - Entry: After a 15-minute candle closes above the blue zone, but only if the risk/reward ratio is >1.3 up to Target 1. - Risk Management: Stop Loss (SL) at 5,624.7, just below Friday’s Pivot R1 minus 6 points for market noise. Take Profit (TP) Target 1 is set at 5,678, just below Pivot R2 (also the 1.618 Fib Extension), where we’ll scale out 50% of the position and move the SL to the entry level, making the trade risk-free. - Profit Target 2 (50%): This will likely be around 5,730, just below the 2.618 Fib Extension. If we don’t see new ATHs, TP Target 2 will be triggered by a close below the highest green 15-minute candle. 4. We Need Discipline: Trading only when all conditions are met will give us an edge in the long run. - Discipline: Sticking to your rules is crucial for consistent trading. Without discipline, you lose the ability to analyze and refine your edge, leaving you at the mercy of emotional decisions. 5. We Need to Review Our Trades: Keeping a Trading Journal is essential for learning from both mistakes and successes. We’ll provide another e-Learning session focused on this vital topic. A simple journal can significantly improve your trading. Always Have a Plan B! Sometimes Plan A doesn’t play out. That’s why it’s important to have a Plan B—a slightly less optimal, but still viable, 4-star setup. In this case, if the breakout above the blue zone doesn’t occur and the market reverses towards the green zone, we might consider a short trade instead. But again, we need a separate checklist: 1. Range Trades Need a History: The market must test key zones (green and blue) more than twice each to confirm a range. - Confirmation: More than two touches of the green and red zones have already occurred. 2. We Need Bearish Momentum: A bearish environment is necessary for a return to the range. This could be triggered by a negative catalyst (e.g., lower unemployment rates) or a breakdown below VWAP. - Box Checked: We need a 15-minute candle close below both session VWAP and 2-day VWAP, RVOL > 3, and the market ranging within the Volume Profile. 3. We Need Patience: Enter the trade only when all conditions are met. - Entry: After a 15-minute candle closes below both VWAPs, with a risk/reward ratio >1.7 up to TP Target 1. - Risk Management: SL at 5,647, just above Friday’s Pivot R1 plus 6 points for noise. TP Target 1 at 5,602, just above Pivot P (0.382 Fib retracement), where we’ll close 100% of the position. 4. We Need Discipline: As always, sticking to the plan is key. 5. We Need to Review Our Trades: Keeping track of your trades ensures you learn and improve over time. --- Conclusion and Recommendation By focusing on clear trends, momentum, and discipline, you can capitalize on high-probability trading setups like the ones we’ve outlined here. However, it's crucial to understand that not every 5-star setup will be a winner. Even the most promising setups don’t guarantee success every time. The true key to long-term profitability lies in consistently following a well-defined strategy and maintaining a favorable risk/reward ratio. Over time, this disciplined approach can lead to steady profits, helping you grow your trading account while minimizing losses. Having a solid Plan B also keeps you prepared for whatever the market throws your way. With these strategies, you’re not just following the market—you’re mastering it. Can’t Get Enough? Don’t Miss Out! Subscribe to stay updated on all our latest trading ideas and strategies. Share your thoughts in the comments, and let’s build a community of traders who are committed to learning, growing, and succeeding together. Your journey to market mastery is just beginning, and we’re here to guide you every step of the way! What You’ll Learn: - In-depth market analysis - Proven trading setups - Effective risk management techniques - The importance of discipline in trading - How to adapt to changing market conditions - And much more!... Best wishes, TradingMasteryHub
OANDA:SPX500USDLong
by TradingMasteryHub
$BTC | Sell Trade | Market Exec |Technical Confluences: - Price action is considered at Overbought conditions in both Daily and H4 Timeframes - Price action is bouncing off the 78% Fibo retracement line - Aiming for a retracement to the Fibo Extension's 61% or 78% Fundamental Confluences: - The crypto market space has no new impetus at the moment and is in consolidation mode after the risk-on rallies - Market sentiment is positive with FED cutting rate, but if FED cut rates, what does it mean? Something is wrong with the markets that the FED needs to cut rate. - In the view that the risk-on rally is overdone now.
Short
by weekendanalyst
$USDJPY | Buy Trade | Market Exec | Technical Confluences: - Price has been trying to consolidate at these prices - Prices have bounced off the Interest Zone but will face Resistance Trendlines and interest zones above Fundamental Confluences: - Similarly, like the earlier FX:USDCHF post - Market seems to have overdone their expectation of many rate cuts and based on how FED normally reacts, they are more reactive than pre-emptive. - In that sense, the Jackson Hole event this Friday may disappoint markets if Powell sticks to his affirmation that Sept cut is highly likely but any other cuts will remain data-dependent (If I'm wrong, then we will cut it if it breaks the 2024 low) ----- Taking on a short punt on the FX:USDJPY long trade before Jackson Hole event. It will be a digital event trade. Make or break. -----
Long
by weekendanalyst
$DIS | Allocation | Market Exec |Technical Confluences: - Price action has bounced off the Demand Zone and a Short-Term Trendline - Price action seems to be strongly supported at these levels for now - Few Interest Zones above the current price action and will need to see a proper break above that to go above the 100% Fibo Extension Fundamental Confluences: - Disney has a strong moat in the entertainment industry, driven by its vast portfolio of iconic brands, intellectual property (IP), and global reach. - Earnings are recovering with growth potential in the their streaming services via Disney+ and further expansion of Disneyland parks in China - FCF has not been good recently due to debt repayment, park expansions and streaming content investments which will target further revenue growth - Development in it's streaming content and reinstatement of dividend announcements should be monitored ----- Have allocated this into my portfolio previously and will be looking to hold this for the Long-Term at least to the 150% Fibo extension range. -----
NYSE:DISLong
by weekendanalyst
GOLD will rise by +300% in only 3 years! (Better than Bitcoin)I am pretty confident that GOLD will rise by +300% in price in only 3 years! Is gold a better investment than Bitcoin at this moment? Should you sell BTC and buy GOLD? Definitely yes, and I will tell you why! Gold was in a sideways consolidation period from 2011 to 2024. And this year, in March 2024, the price finally made a strong breakout bullish candle on the monthly chart that changed everything! The big players have a lot of liquidity and then cannot move large amounts of money from one asset class to another with a single order. Also, for them, it's not best to buy all assets at the same time. In 2024, we see that big players are hugely interested in gold again, so this should be your main focus. Why can Gold go 300% in 3 years and Bitcoin cannot? That would be around 210,000 USD per Bitcoin in 2027, and we know that this is impossible to happen as Bitcoin is statistically dropping every third year by 70% - 90%. Of course, big players are using this high volatility to buy cheap Bitcoin and to force retail investors to sell in a huge loss. They will do it again, as it's extremely profitable for them. Most likely, the price of Bitcoin in 2027 will be below 70k! From a technical perspective, on the monthly chart we can see that the price of GOLD is inside this ascending parallel channel (since the year 2000). The probability of touching the top of the ascending channel is very high at this moment. From the Elliott Wave perspective, gold is starting an impulse wave (3)! Usually, waves 3 are the strongest! Another indication that huge news is coming for GOLD.  Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
OANDA:XAUUSDLong
by Xanrox
104
$SOFI | Allocation | Market Exec |Technical Confluences: - Price action has bounced off a 78% Fibo retracement - Below the 78% Fibo retracement is also been a Demand Zone which breaking it would like lead to a new all time low - For price action to move up higher, it needs to break above the Interest Zone (@ 61% Fibo) and also the resistance trendline - Upon breaking that, it's next resistance would be the Supply Zone area above Fundamental Confluences: - SoFi has shown impressive revenue growth but struggled with profitability, posting net losses due to high operating expenses and investments in growth. - The path to profitability is improving as the company scales and focuses on higher-margin products, but consistent positive earnings have yet to be realized. - They have historically reported negative FCF but recent quarters have shown improvements. The company’s ability to generate positive FCF will be critical to sustaining its growth without needing to rely on external financing. ----- I have previously allocated to NASDAQ:SOFI before as I feel this company is a high-growth potential with promising narrative as explained above. Will be happy to add if there is again a dip in the price. -----
NASDAQ:SOFILong
by weekendanalyst
Gold is set to rise - Bullish Momentum Ahead!Welcome to another analysis, where we dive into the latest market trend and chart the potential path ahead for GOLD ! So is gold a good long-term investment? In my view, the short answer is YES . Gold is likely to continue rising in the coming years due to several fundamental factors. Firstly, ongoing global economic uncertainty, including inflation concerns and geopolitical tensions, often drives investors toward gold as a safe-haven asset. Central banks around the world are also increasing their gold reserves, reflecting confidence in its long-term value. If we examine the consolidation period between 2016 and 2019, we can see that the breakout from this consolidation initiated Elliott Wave 3. What's particularly noteworthy is how well the technical indicators have aligned throughout this process. The Fibonacci extension tool accurately predicted where gold would peak in 2020. After reaching that peak, gold entered a new period of consolidation and sideways movement as we moved into the new years. Once again, it appears we've entered another phase of Elliott Wave 3 and will probably soon have a minor correction or sideways time period before going into wave 5. Looking ahead, my long-term projection for gold suggests a potential peak between $3,200 and $3,500, likely around 2026. Only time will tell! Thanks for reading, and make sure to follow me here on tradingview and on X for more updates as we progress: @PuppyNakamoto CAPITALCOM:GOLD TVC:GOLD MCX:GOLD1!
CAPITALCOM:GOLDLong
by WOLFofBlockStreet
2
Gold is set to rise - Bullish Momentum Ahead!Welcome to another analysis, where we dive into the latest market trend and chart the potential path ahead for GOLD ! So is gold a good long-term investment? In my view, the short answer is YES . Gold is likely to continue rising in the coming years due to several fundamental factors. Firstly, ongoing global economic uncertainty, including inflation concerns and geopolitical tensions, often drives investors toward gold as a safe-haven asset. Central banks around the world are also increasing their gold reserves, reflecting confidence in its long-term value. If we examine the consolidation period between 2016 and 2019, we can see that the breakout from this consolidation initiated Elliott Wave 3. What's particularly noteworthy is how well the technical indicators have aligned throughout this process. The Fibonacci extension tool accurately predicted where gold would peak in 2020. After reaching that peak, gold entered a new period of consolidation and sideways movement as we moved into the new years. Once again, it appears we've entered another phase of Elliott Wave 3 and will probably soon have a minor correction or sideways time period before going into wave 5. Looking ahead, my long-term projection for gold suggests a potential peak between $3,200 and $3,500, likely around 2026. Only time will tell! Thanks for reading, and make sure to follow me here on tradingview and on X for more updates as we progress: @PuppyNakamoto CAPITALCOM:GOLD TVC:GOLD MCX:GOLD1!
CAPITALCOM:GOLDLong
by WOLFofBlockStreet
$XAU | Watchlist | Sell Limits |Technical Confluences: - Stochastics is very close to Overbought conditions in D1 timeframe - Price is close to the 161% Fibo Extension Line - Projection using Elliot Wave count is pointing that the price may push up towards the Fibo Extension Line Fundamental Confluences: - With ongoing geopolitical tensions between Israel & Iran, there is a pressure for XAU to remain supported - The reversal carry trade story may have legs to further push XAU up another leg as a safe haven - With incoming FED cuts, there is potential for a weaker USD coming into September - The above 3 points are the supporting for a higher XAU price. - Assuming we hit the Wave 3 projected price, the US election will pose a big risk to the global outlook and may see USD strengthen back during that period. A stronger USD may induce a weaker XAU. ----- Will be placing Sell Limit orders and update if the projection comes true. Remember, DYOR. -----
OANDA:XAUUSDShort
by weekendanalyst
$PFE | Allocation/Buy Trade | Market Exec |Technical Confluences: - Price is in Oversold Conditions in D1 timeframe - Price action bouncing off 150% Fibo Extension - Price is trying to go back above the Interest Zone to give some bullish momentum to the stock Fundamental Confluences: -Regardless how bad the negative rumours are ongoing about the side-effects from Pfizer; they are still considered a strong market leader in the Pharma industry - They had a good response on a testing of their recent respiratory drug - Value? ---- Health sector in your Portfolio will never be wrong with the global aging population. I am putting this trade on as either into my Long-Term Portfolio or Swing trade for $PFE. Depending on how market develops, I may decide to hold this bag and allocate more into it at the 178% Fibo Extension levels or cut my Buy position as shown. -----
NYSE:PFELong
by weekendanalyst
$EURUSD | Sell Trade H4 | Execution | Technical Confluences: - Stochastics just reversed off Overbought conditions in H4 - Price bounced off 123% Fibo Extension levels which coincides with a Supply Zone from before and also the top of a small Parallel Channel - Looking at it move towards at least the lower end of the Parallel Channel Fundamental Confluences: - With so much of rate cut hype priced into the markets, it seems that market will start to consolidate and start profit taking. - There are a few speakers who came out to say they don't seem to be in a rush to cut like what the market expect. ----- Taking my 1st position for this FX:EURUSD sellb trade. Targeted trade entry and stops can be seen in the highlighted zone. Blue for Profit Target and Orange for Stop Loss Target. Risk/Reward ratio of 2.1. DYOR. -----
Short
by weekendanalyst
$GBPUSD | Sell Trade H4 | Execute & Sell Limits |Technical Confluences: - Price action is between a 50 - 61% Fibo retracement range - Horizontal trendline coincides with the 61% Fibo retracement levels - Price is also at a Supply Zone range - Stochastics on the H4 is in Overbought conditions Fundamental Confluences: - Market is reeling with the optimism of incoming FED cuts but FED seems to feel differently based on the few FED speaker's speeches - The riots in the UK will definitely have some economic drag on the GDP ________________________________ Will be executing my 1st sell entry into FX:GBPUSD and set Sell Limit orders as show in the charts. Targeting to TP approximately half the position at the 38% Fibo Extension levels (in blue) and move my SL levels to B/E. Full TP are the 61%/78% Fibo Extension levels. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Long
by weekendanalyst
2
$SVM | Allocation | Market Exec & Buy Limit |Technical Confluences: - Elliot wave seems to be in the middle of a Wave 3 count. Completing the Wave 3-1 and Wave 3-2. Next, should be the beginning of Wave 3-3 - Price action is close to an Interest Zone and is also at the 200MA Fundamental Confluences: - SilverCorp Metals focuses on Sustainable Silver. Both words that delight financial investors. Silver being a precious metal and sustainable being the bank's new hype. ESG-story. - Their project involves themselves in the green energy sector and it gives you the exposure of precious metals in the portfolio as well - Both retail and industrial sectors have solid demand for Silver and Gold and SVM has got it both ________________________________ AMEX:SVM will give me some exposure to Precious Metals in my Long-Term portfolio and is in the direction of sustainable green energy. Will green energy be the future? We shall see. In the meantime, 1st allocation into $SVM. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
AMEX:SVMLong
by weekendanalyst
$HIMS | Allocation | Market Exec |Technical Confluences: - Price action is near the 50% Fibo retracement area - Price action have bounced off the 200 MA (Red) and has a valid Resistance Trendline with an Interest Zone nearby - Stochastics is inn Oversold conditions in the Daily & Weekly timeframes - Elliot Wave 4 seems to be completing at the 50% Fibo line and aim for the 100% Fibo Extension line @ 29.51 Fundamental Confluences: - Telemedicine with US being a focus market is great as healthcare issues seems to be increasing; demographics start to shift right - The main health markets that they target are issues that many in the society prefer to remain anonymous about and telemedicine solves that for them - One negative would be the high expenses they are spending on A&P budgets, a drag but overtime, we can see the impact of what they have been pushing all these while ________________________________ Putting NYSE:HIMS as part of my medical/health category of my portfolio. Will start my first allocation now and look at adding more into it if price moves into 50% - 61% Fibo range (Interest Zone). Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:HIMSLong
by weekendanalyst
$HBAR | Allocation | Market Exec |Technical Confluences: - Price action has bounced off a Support trendline and is in the range of a Demand Zone - Price action is also close to an all-time low Fundamental Confluences: - HBAR is a Layer 1 blockchain which has potential for further adoption - Recently in April, there was a big spike in CRYPTOCAP:HBAR price after an announcement that blockchain firms Archax and Ownera tokenized BlackRock's ICS UST Funds on Hedera - Blackrock came out and clear the air that they are not involved with Hedera; the 2 firms were the ones who were involved in tokenizing it - Although it is not a direct involvement by BlackRock, it gave HBAR Foundation alot of attention (potential moving forward) ________________________________ With the above fundamentals, I will allocate my first tranche of HBAR allocation for my Long-Term portfolio. I may trade on this pair with a tight SL level if it breaks below the Red Line shown. Likely to hold onto this pair at least till it reaches the 161% Fibo Extension Supply Zone. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Long
by weekendanalyst
$INTC | Allocation | Market Exec |Technical Confluences: - Price action is close to the 78% Fibo Extension and is at a strong Demand Zone - Stochastics is in Oversold conditions from Daily, Weekly and Monthly Fundamental Confluences: - Currently, Intel is trading at tangible book value ( thevalue you will get if the company gets liquidated) - At such value, chances of a takeover might be there which means, potential premium to be paid on takeover news? - After weak Q2 earnings, does it mean anything if the CEO starts buying the stock himself? ________________________________ With deep discount in NASDAQ:INTC 's value, another no-brainer and minimal risk. Intel is not going to liquidate. Will be expecting a turnaround and definitely a Long-Term hold in my portfolio. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NASDAQ:INTCLong
by weekendanalyst
$CADCHF | Buy Trade | Market Exec |Technical Confluences: - Price action is close to the 50% Fibo extension from the beginning of time - Price action is bouncing off a strong Demand Zone to prevent a new all-time low Fundamental Confluences: - Higher interest rate environment compared to CHF will induce re-opening of carry trade positioning - Canada being an oil commodity nation, will have the strength of oil to keep their GDP sustainable - Even if the global economy weakens, oil will likely maintain it's pricing with OPEC and OPEC+ holding back supply ________________________________ Putting on a Long position in OANDA:CADCHF (1st Entry) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Long
by weekendanalyst
$NKE | Allocation | Market Exec & Buy Limit |Technical Confluences: - Price action is at the 61% Retracement for Recent Lows to Highs and the beginning of Nike's time (Strong Support) - Price action is also at a Demand Zone - Stochastics is at Oversold levels on the Weekly & Monthly TF Fundamental Confluences: - Regardless of weak Earnings and Forward Projections, Nike is still considered as a market leader in various aspects (Fashion, Fitness, Sports, Status etc.); brand loyalty will be retained at least for the next few years - Who doesn't love Nike; aside from Adidas? ________________________________ NYSE:NKE is the next in my basket of portfolio. Allocating the first 20% of single-stock into my Long-Term portfolio. The Nike brand will not die off that easily. Definitely, a value buy; for me. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:NKELong
by weekendanalyst
$SPY | Watchlist D1 | Buy Limit |Technical Confluences: - Recent Elliott wave count shows that we are now in a Wave 4 retracement - Price action seemed to have topped out at the 50% Fibo Extension for now (Ending Wave 3) - Price action may test the Supply Zone again before retracing downwards towards the Horizontal Trendline and the 38% or 50% Retracement Fibo Fundamental Confluences: - US economic outlook is weak currently and valuations needs to normalize before we make a new high - Businesses are suffering from high interest rate environment and for the FED to cut, growth needs to show definite weakness, which we are starting to see. - A FED cut will not instantly improve business prospects again as interest rate changes takes time to seep into the economy - Investors will also be wary about the upcoming elections as government policies may affect business activities ________________________________ Watching the Demand Zones as levels to begin some of my portfolio allocation into AMEX:SPY Will place my Buy Limit orders for the it. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
AMEX:SPY
by weekendanalyst
4