Longposition
WIRE (Long) - Technical perfection and powerful fundamentalsFundamentals:
The fundamentals of WIRE are just beautiful to look at: P/E = 5, P/S = 1.1 and P/B = 1.84
The earnings of the company have doubled since the start of 2021 (average annual growth for the past 5 years has been at 56% ); the earnings are expected to come down because of the recession fears but these expectations are already accounted for in the price
ROE, ROA and ROCE are all comfortably above 30%
The firm has zero debt , ample liquidity and pays a nice dividend
Would be hard to find better fundamentals
Technicals:
If those fundamentals were not enough, the technical setup is an absolute dream
We can see a robust rounding base which was forming for over a year and culminated in a strong breakout on high volume
The RSI is strong and rising and the firm is outperforming the market by a large margin
Trade:
Unfortunately, I missed the breakout. I did not want to chase the stock so I waited for a pullback which just happened and created a great opportunity for an entry
On a daily, the pattern is even nicer and right now would definitely be a great time to enter from a timing perspective. However, this is a great stock even from a longer-term perspective, so excellent entry is not as important
Stop-loss could be either the breakout point or the most recent low on the weekly; depends on your risk preferences
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AUDJPY possible buy, any one have similar charts?Previous Key Level at 87.500 strong support & resistance , shooting up to a previous high - key level "88.392". currently waiting on a re-test/bounce back to hopefully buy a nice 120 pips to previous high of 90.024.. long TP at 89.882. if not sell for a clean 50-60 pips down to 87.685
Anybody else taking a similar set up?
Diamond Bottom | 27% move possibleDirexion Daily CSI China Internet Index Bull 2X Shares forms bullish "Diamond Bottom" chart pattern
"Diamond Bottom" chart pattern formed on Direxion Daily CSI China Internet Index Bull 2X Shares (CWEB:NYSE). This bullish signal indicates that the stock price may rise from the close of $50.19 to the range of $61.00 - $64.00. The pattern formed over 25 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.
The Diamond Bottom pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamonds boundary lines, it marks a significant reversal to a new uptrend.
Continuation Wedge (Bullish) | 30% move possibleInvesco Dynamic Oil & Gas Services ETF forms bullish "Continuation Wedge" chart pattern
"Continuation Wedge (Bullish)" chart pattern formed on Invesco Dynamic Oil & Gas Services ETF (PXJ:NYSE). This bullish signal indicates that the stock price may rise from the close of $4.85 to the range of $6.00 - $6.30. The pattern formed over 16 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: After a temporary interruption, the prior uptrend is set to continue.
A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
AUD/NZD Uptrend setting up possibly. My prediction is that price will reverse upward from these lower levels. I've added an element in my algo to detect where price doesn't go in a given day. From backtesting and spending hours analyzing across multiple pairs, I can confidently say that price usually fulfills a set range before extending to lower or higher price levels. When it doesn't fulfill those prices especially over an extended period of time, there is a strong reaction when it comes back later. Especially much much later. I believe that I'm seeing that setting up here. If price doesn't come down and continues up instead, that's fine. I'm only comfortable buying when that level gets hit. It's definitely a setup I'd take even if I may be wrong. FX:AUDNZD
Continuation Wedge (Bullish) | 20% move possibleTeucrium Wheat Fund forms bullish "Continuation Wedge" chart pattern
"Continuation Wedge (Bullish)" chart pattern formed on Teucrium Wheat Fund (WEAT:NYSE). This bullish signal indicates that the stock price may rise from the close of $7.03 to the range of $8.30 - $8.60. The pattern formed over 28 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: After a temporary interruption, the prior uptrend is set to continue.
A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
Pennant (Bullish) | 27% move possibleDirexion Daily 20+ Year Treasury Bull 3X Shares (based on the NYSE 20 Year Plus Treasury forms bullish "Pennant" chart pattern
"Pennant (Bullish)" chart pattern formed on Direxion Daily 20+ Year Treasury Bull 3X Shares (based on the NYSE 20 Year Plus Treasury (TMF:NYSE). This bullish signal indicates that the stock price may rise from the close of $9.02 to the range of $11.00 - $11.50. The pattern formed over 9 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to be resuming a sharp rally after taking a brief pause.
A bullish Pennant pattern occurs during a dynamic market rally, representing a brief period of indecision before running off again in the same direction. The pattern consists of two converging trend lines with diminishing volume, and is confirmed when the price breaks through the upper boundary to resume the advance.
Continuation Wedge (Bullish) | 44% move possible"Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily FTSE China Bull 3x Shares (YINN:NYSE). This bullish signal indicates that the stock price may rise from the close of $45.07 to the range of $59.00 - $62.00. The pattern formed over 28 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: After a temporary interruption, the prior uptrend is set to continue.
A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
Pennant (Bullish) | 10% move possible"Pennant (Bullish)" chart pattern formed on iShares 20 Year Treasury (TLT:NASDAQ). This bullish signal indicates that the stock price may rise from the close of $106.40 to the range of $115.00 - $117.00. The pattern formed over 8 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to be resuming a sharp rally after taking a brief pause.
A bullish Pennant pattern occurs during a dynamic market rally, representing a brief period of indecision before running off again in the same direction. The pattern consists of two converging trend lines with diminishing volume, and is confirmed when the price breaks through the upper boundary to resume the advance.
BTCUSDT Long position setup 23-3-15After the news about the bankruptcy of American banks and the possibility of an interest rate increase of 0.25%, Bitcoin started a good growth.
My view on Bitcoin is bullish and I have targets of 28,000 to 31,000 in mind for now
The specified area can be suitable for entering a long position. Now we have to wait to reach this range. After reaching the range and seeing the appropriate setup, I enter the long position. This post will be updated...
This Analysis will be updated ...
Sadegh Ahmadi: @SDQ_Crypto
15. Mar .23
(DYOR)
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