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AAPL: Key Points that we must keep in mind!Hello traders and investors! Let’s talk about AAPL today! First, it hit the bottom level of the Descending Channel we talked about in my last analysis. The sentiment is still bearish, and it lost the red line at $ 120.45 as well. But there’s a light at the end of the tunnel. Right now, AAPL is reacting very well, and if it closes above the red line, the market may see this movement as a false breakout from a support level. This is better seen in the daily chart: Yes, we had a H&S chart pattern , and the target was already hit, at the previous support level, which is the same $ 120.45 (black line). Yesterday, AAPL closed under this support level, but if it closes above it today, then we’ll see a false breakout, and this could be very frustrating for the bears. The investors may be attracted by AAPL, as the R/R ratio is very good near this support level. But the bias is still a little bearish, so, let’s be careful and wait for more confirmation. Remember to follow me to keep in touch with my daily analyses and updates, and if this idea helped, please, support it! Thank you very much.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
FCEL: A new Key Point that we all must be aware of!Hello traders and investors! Let’s talk about FCEL again! It has been a while since my last analysis about it, so, let’s see how it behaved since then. The link to my last analysis is at the end of this analysis, as usual. I wrote my first analysis about FCEL when it dropped about 20%, after some news about a public offering, and some people were extremely concerned about it, but since I’m a Price Action trader, and the only thing that interests me is a good Risk/Reward ratio , I thought it was a good idea to invest at FCEL, regardless of how pessimist the sentiment was. The stock went up from $ 7 to the $ 30, and now, it is at $ 13 again. The thing is, it did a Head and Shoulders chart pattern in the daily chart, but it already hit its target, which is this black line at $ 10.98. The black line is the most important Key Point to keep in mind in the short/mid-term , and it must not lose it, as it could engage in a real bear trend and seek for lower levels, maybe the $ 6 again. Let’s see the weekly chart for more clues: See how crucial is the area where FCEL is right now? It is sitting above the black line, which worked as support and resistance in the past, and it is above the 21 ema, which is another support level in the weekly chart. If FCEL is about to react, it’ll be soon, but as long as we don’t have any good signs around, I’m not entirely convinced that it’ll keep pushing up. What we need is a good pattern, and an increase in the volume to resume the bull trend . In my view the moment to buy FCEL has passed, and now it is time to manage positions, and watch the key points mentioned. But we might see something interesting around. Let’s monitor FCEL closely from now on, as it is in a decisive moment! And if you liked this analysis, remember to follow me to keep updated, and please, support this idea with your like! Thank you very much!
NASDAQ:FCEL
by Nathan_The_Finance_Hydra
9
USDCHF Long with 2 confluences (Zero Indicators)Confluences: 1: Weekly chart trendline breakout. 2. Trend is bullish with price making Higher Lows and New Highs. Entry: Price is over extended at this point in time. This creates the risk of price pulling back to retest the previous high or the trendline while at the same time creating new higher low. This when we can start looking for entries and reassess the risk reward ratio for this particular trade. Will be looking to take entries later next week if the setup is till valid. Will be looking to holf this position for 3-4 week or until target is reached (Which ever comes first)
Long
by NDOBObanks
SNDE opportunity zoneStumbled upon SNDE tonight and it looked intriguing being in Denver. If I decide to go in, I'm looking to get in at that zone above $2.20 mark for the most value in my opinion, depending on how the market does this week. May look to dabble with COVID starting to be apart of the day to day and see a reversal. With that said, this thing has been in steady decline since they came up but at this value, if we do see a trend continue and doesn't dip below the $2.07 mark. Bottoming out around $1.67. Depending on where it lands in a few days, I may enter for a long term play. We'll see!
SLong
by MarketMakerMatt
2
WTI - Long term trend remains bullish ! Energy outperformance!Since that historic sell off in crude last year, we've seen price steadily go up without any big correction. Even the correction from August to September was quite shallow, indicating the bulls are in power and there to say! On the smaller TF looks like we're finishing an Ending Diagonal now so a pullback down to 57-59 zone could be seen. I won't go blindly shorting this though ! I will wait for price to reach the 66-67 zone and see how it behaves there before making my move. A break above 66-67 opens the road to higher prices towards 76 at first, followed by 110 and probably even 140 !
TVC:USOILLong
by ElliottWaveBelgium