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AUDCAD: Classic Structure Trade Explained 🇦🇺🇨🇦
AUDCAD reached a key level on Friday.
On that, the price formed a triple top formation.
Its neckline breakout confirms a coming bearish move.
I expect a bearish continuation to 0.908 / 0.905
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DOCS Disappointing GuidanceDoximity, Inc. (DOCS) expects revenue between $88.6 million and $89.6 million for the next Q vs $96.8 million expected.
analyst Sandy Draper: “We see it as a buying opportunity for investors." “We are lowering our PT to $52 from $70 to reflect a lower multiple as growth stocks continue to see multiple compression.”
The P/E ratio is decent, 56.01.
I expect a reversal to $49 by the end of the year.
Looking forward to read your opinion about it.
SHOP Earnings Miss | Slowest Revenue Growth in Seven YearsIf you haven`t sold SHOP at $945:
Then you should know that Shopify said adjusted earnings for Q1 came in at 20 cents per share per share VS a profit of $2.01 per share over the same period last year and VS a consensus forecast of 77 cents per share.
Gross merchandise volumes rose 16% to $43.2 billion VS Street forecasts of a $45.4 billion.
The stock is closer to our $350-400 buy range now.
Looking forward to read your opinion about it.
EU TRADE IDEA Not a big 15M Trader , But with a Weak Doller and nice EU Legacy Report i could see strength in this currency pair.
We have a beautiful impulse break on the 15M with a 1Hr close breaking Structure leaving some imbalance to fill.
Could be a great trade if we can see a retracement back to that imbalance to fill and continue to the upside.
** This is not Financial Advice and only my View on the chart in hand **
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S&P500 Index (SPY) Risky Long From Support 📈
S&P500 is approaching a strong zone of demand.
On an hourly time frame, the price formed a tiny double bottom formation
and broke its horizontal neckline.
The price may retrace now to 4230 / 4270 levels.
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XMR one of the hottest coins nowDue to its privacy characteristics, XMR Monero is one of the hottest cryptocurrencies to own right now.
I expect the support to hold a from which it can bounce to the $287 resistance.
Looking forward to read your opinion about it.
waves bullish potentialafter 70% correction from ath waves can start new move up
every thing clear on chart
comment your idea
TRADE OF THE WEEK | Top-Down Trading in Action 💰
Hey traders,
NZDUSD reached a key level this week.
We were looking for an intraday confirmation to buy the market.
Our confirmation was an inverted h&s pattern on an hourly time frame.
We bought a retest of a broken neckline.
70 pips of pure profit made!
Great winner!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
DCR giant falling wedgeAs we can see, the bearish chart patterns turned out to be effective on DCR Decred.
But the best is yet to come. DCR is forming a giant falling wedge and now has found a strong support.
Until the next bull cycle, i think it can play inside this chart pattern heading to the $80.70 resistance for now.
Looking forward to read your opinion about it.
MTTR Disruptive Innovation in the MetaverseCEO Raymond Pittman: “Matterport is Digitizing the Built World - Every Building in Every Country”
“We're supremely focused on digitizing the built world because it is such a massive TAM: 4 billion buildings, $20 billion monetizable spaces out there once digitized by Matterport…
We're signing all of the biggest residential brokerages in the world and the largest commercial real estate brokerages in the world as well as all of the large technology, real estate technology portals to the Matterport platform and partnership ecosystem"
We can spot the upside trend in the chart. My price target is $15.
They also have a partnership with Facebook (Meta Platforms).
Could MTTR be a buyout of Facebook?
TRADE OF THE WEEK | Top-Down Trading With Confirmation💰
Hey traders,
Dollar index is trading within a horizontal trading range from the beginning of the month.
This week its support was reached.
From that, I was looking for buying opportunities.
A confirmation that I spotted was on an hourly time frame:
the price was ranging within a narrow range and then broke its resistance to the upside.
Long was opened on a retest.
Great winner!
Did you catch it?
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AVRO all time lowWant to buy a stock at all time low?
On 1/5/2022 Barclays Boosted the Price Target for AVROBIO, Inc. (AVRO) from Overweight to Overweight and the price target from $6.00 to $22.00.
Now AVRO is $1.34. The next important resistance at $3.80.
Lrc takes the decition and wants to goLoopring has been beaten down and shorted very hard over the last 3 months.
our indicator shows buy and trigger is break white box and we have divergence! its all done!
With LRCUSDT being shorted so badly, there's much opportunity for a potential bullish rally.
set stop: 0.75
targets are in the panel
Happy trading!
SONM Would you buy this? Sonim Technologies designs and manufactures mission-critical smart phone-based solutions for workers in extreme, hazardous, and isolated environments.
Its products include ultra-rugged mobile phones, like Sonim XP8, Sonim XP5s, and Sonim XP3, business process applications, and a suite of industrial-grade accessories.
The market cap is only 20.568Mil.
*&MIl trading volume yesterday.
Looking forward to read your opinion about it.
MMAT 52 week lowMeta Materials Inc. (MMAT) is close to its 52 week low, ranging: $1.38 - $21.76.
What i see in the chart is an easy 80% upside potential support and resistance play.
Looking forward to read your opinion about it.
OKTA Falling Wedge and Losses Exceeding ExpectationsOKTA is bearish from both fundamental and technical perspectives.
The falling wedge has a price target of $140 before a bounce and the company said billings rose 91% to $603 million vs. estimates of $497 million.
Since the earnings are negative, 266Mil in 2021 and the Market Cap is high, 28.418Bil, OKTA is still a growth stock from which investors have high expectations.
When investors see weaker forecasts or expenses increase, on rising interest rates, they are tempted to sell.
In this case, my price target is the $140 support.
Looking forward to read your opinion about it.