Resistancelevel
PLTR - Past S now RPLTR is trying to knock it's way back into the pattern. If we can get back inside PLTR interests me alot although it does have ER coming up which can make this one pop or crater pretty quick. I'm buying shares for my ROTH in this name. Believe it'll be great for years/decades.
US Dollar Index Sell IdeaW1 - Price has reached a strong resistance zone .
Potential bearish divergence.
No opposite signs.
H4 - Bearish divergence.
Until the invalidation level holds my view remains bearish here.
If we get a valid breakout below the low at 93.674 we may then consider it as a validation for the bearish view.
AOS forming an inverse head and shoulders.AOS has been forming an inverse head and shoulders since May of 2021 and now looks like it's ready to move higher.
Fundamentally, the company's doing pretty well and is expected to do better in the coming year with increasing earnings per share and sales.
Technically, it has been on a solid up trend and now is looking to continue. With a Beta over one it's expected to continue in the direction of the general market.
Trade idea:
* Look for buying opportunities after a daily close above $73.05 to further confirm the inverse HS break out.
Target:
* The target for this pattern break would be around the $80.50 area.
Will EPRTs steady climb break all time highs from last year?EPRT has been on a steady rise since the crash of March 2020 and now it's challenging the all time highs from February 2020.
Fundamentally:
* EPRT's expected to deliver a year-over-year increase in earnings
* This may cause the price to go higher and make new all time highs
Technically:
* EPRT's approaching it's all time highs and is expected to break above due to its earnings coming up.
* Not much volume but it's relatively stable volume coming in
Trade idea:
* Now would be a good time to get in if you want to be early
* There's not much volume so we may see a small rejection from the resistance point
* For a conservative approach look for a daily break above $29.34 before jumping in.
* A rejection from $29.34 may send it to retest the support of $28.70 so look for buying opportunities there as well.
JBL approaching resistance that dates back more than a decade!JBL, an electronic components company, is approaching resistance that dates back to more than a decade!
This is huge! When multi year resistances break you can be sure that the stock is going to shoot to the moon.
Looking at the price action on the weekly or even daily, it seems like this may approach or even break above $59.88 in the coming week.
Trade idea:
* Look for a weekly break and close above $59.88. Getting in before that may be a bit more risky since this may act as a strong selling point.
CMCSA trying to break out!CMCSA has been forming an ascending triangle since March of 2021. With a Beta of over 1, the clear up trend on the weekly and even monthly makes sense.
With a Payout of 36.80% CMCSA guarantees a lot of room for growth and further dividend increases as well.
Technically:
* Looking at the price action over multiple time frames it seems like CMCSA may be breaking out in the coming week.
Trade Idea:
There are a few things you can do to enter this trade.
* You can enter now before the breakout. This would give you a nice return.
* It may dip a bit before trying to break resistance again so you can look for buying opportunities around the $57 area.
* Or ultimately you can wait for a clear break of this resistance before entering.
** The measured objective (target) for this pattern break out would be in the $65.78 area
Regardless of what you choose CMCSA is a great long term hold and is positioning itself for a move higher.
ACC challenging 2019 highs with high volumeACC is currently challenging 2019 highs. July 20th 2021 printed a bullish engulfing candle and now volume is kicking in.
Notes:
* Earnings per share is expected to increase over the coming year.
* Making new 52 week highs
* Increasing volume coming in near resistance.
Trade idea:
* Look for a weekly close above $50.94 before entering
* A rejection from $50.94 could send the price to $50.30. So, if you're looking for a discount that would be a nice place to enter.
* Target for this would be the all time highs from 2016 of $54.43
ELS approaching its all-time-highs! Will it break through?ELS has been absolutely crushing it for the past 6 months with every month closing green!
It's approaching it's all-time-highs from February 2020 so the question now is, can it break?
Thoughts:
* Long term up-trend
* Strong up-trend for tha past 6 months
* Great long term hold as it's a REIT and therefore pays out generous dividends
* Approaching all-time-highs from February 2020
Trading Idea
* Look for a weekly close and hold above $77.55
* A rejection from $77.55 could send down to the $76.41 area
* And a break below that could send it back to $74.55 which should hold as support
* Of course, given its performance $76.41 and $74.55 would be great buying opportunities.
Elliott Wave Analysis: ETHBTC Is Finishing A Complex CorrectionHello traders!
Today we will talk about ETHBTC cross cryptocurrency pair, which we see it finishing a complex W-X-Y correction from the lows and it can be approaching important 0.05x resistance area.
ETHBTC is in the recovery mode since September 2019, but the price action is quite slow and the wave structure is overlapped which indicate for a corrective movement, ideally a complex W-X-Y pattern that can be nearing the end as we see it trading in final stages of wave (C)/Y, so be aware of limited gains and watch out for a potential reversal down soon.
The main reason for a reversal down is strong 50 support level on BTC.Dominance chart, while ETHUSD can be finishing a five-wave cycle within extended wave 5.
We believe that reversals may occur exactly when ETHUSD completes its 5th wave. And, if we consider that BTC.Dominance may step back in, then ETH and other ALTcoins may suffer more than BTC in second part of 2021, so carefully in upcoming days/weeks. "Sell In May And Go Away"?
Be humble and trade smart!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Daily MKRUSDT is in a very promising scenario! What do you thinkTechnical analysis regarding the price of MAKER in relation of dollar Tether for the next scenarios, based on daily movement.
The price is moving sideways and may be accumulating for a new impulsive wave formation. The price has come and gone in a very considerable upward trend, which I believe will last longer! It is just taking a breath to have a new price boost and, if you break this resistance region (upper red line on the chart), you can get the $ 2,884 dollars.
I emphasize here that nothing is 100% concrete! I am passing my perception on the current scenario and it is not a recommendation to buy. Use for didactic purposes and carry out your own analysis on. Take only as a speculative basis.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
BTC Double TopNice simple idea here, a perfect double top formation. Price has already met and rejected the previous top at least for the moment, with that top also representing the ATH. Due to the sharp run up we see a relative absence of support until the 51.7k area.
In my opinion this set up gives an advantageous risk/reward for a short position, with a short term price target of 52k.
Clover Health Will Show A Technical Growth In Channel To $9.92After a false breakout due to a correction in the broader market, $CLOV has re-entered the falling channel it has broken out of and closed within it.
From this area, I expect growth towards the resistance zone around $9.92 to $10.00.
However, do note that this zone of resistance that we are heading for is a very strong area of resistance.
In this area, we see an intersection of:
1. Dynamic resistance created by the upper parallel line of the falling channel
2. Fibonacci resistance and Horizontal resistance
3. Former $10 SPAC price floor which acts as a very strong psychological resistance
Regardless, I expect a move towards it first. Would have to see how the market reacts to this level first before deciding on our next course of action.
This is not an investment or trading advice so please do your own due diligence!
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[USDCAD Long] 12 Feb, 2021 - Roger V Trading IdeasUSDCAD
Entry Support level idea:
1.269000 Support
TP Resistance level idea:
Target 1: 1.281000
Target 2: 1.291000
Final SL for all Long positions:
1.255000 Support Level
(This was first posted the ideas in Roger V Club group on the 12th. However, first posted on 15 Feb 2021 on tradingview.)
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Sunshine Behind The Cloud ZIL/BTC #zilliqa $ZIL #zilHere we see our Zil Bitcoin Weekly chart on Binance . You see we've already entered the Ichimoku Cloud here and that is extremely bullish for upside . The top of the cloud is near 355 with further resistances above us at 533 and then the .236 fib is there near 684 . But where things get really interesting is at 1550 because that appears to be the last resistance for Zil and above that we will actually be in price discovery mode ! See that red arrow on my chart ? That is the last resistance I can see on Zil's daily chart . This looks great to see more upside and sitting at 273 right now Zil looks set to see 10x or more .
[GBPUSD Short] 8 Feb, 2021 - Roger V Trading IdeasGBPUSD
Entry Resistance level idea:
1.373000 Resistance
TP Support level idea:
Target 1: 1.36400 - 1.3675000 (Potential of short term consolidation here.)
Target 2: 1.356500
Final SL for all Short positions:
1.377000 - 1.380000 Resistance Level
(This was first shared on 5 Feb 2021 in another group, just got time to have it post on trading view as well, hope you all enjoy it.)
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
--------------------
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.