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Trendfollowing

QPM @ 1 SEP 2021QPM - First time doing a written analysis on QPM - Stock started to show uptrend in 2021 - Currently trading near a resistance that was formed in 2012 -> it would be more difficult to sustain the overall price trajectory - I usually classify stocks less than 50 cents as a penny stock as a relatively healthy pullback to the short-term support could see price swings of 10-20% -> too volatile for me - A stock that attracts short-term traders but it’s advisable to stay away if you prefer peace of mind - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for overhead resistance to be broken first. Only enter if comfortable with the price swings
ASX:QPM
by Jerm88
CAR @ 1 SEP 2021CAR - First time doing a written analysis on CAR - Has a history of good uptrends over the years - Recent price action since mid-Aug has seen the stock gone up quite far from the short-term support - I was hoping to see a stronger pullback to the short-term support for a better setup for entry - This week’s price action shows signs of a reversal and the stock looks to be in a rebound - A successful rebound would be near 26 levels -> due to sharp retracement at the beginning of the retracement wave - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before entry near 26 levels
ASX:CAR
by Jerm88
MPL @ 31 Aug 2021MPL - First time doing a written analysis on MPL - Over the last 6 years, the stock has been trading within 2.40-3.60 levels - Stock is currently trading near all-time high regions -> A successful breakout has a potential to see the stock fly - Price consolidation over the last 2 weeks to test the short-term support looks like a breather before testing the last overhead resistance - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout
ASX:MPL
by Jerm88
LYC @ 31 Aug 2021LYC - First time doing a written analysis on LYC - Has some history of good uptrends that lasts for months - Also has history of downtrends that lasts for years -> represents overhead resistances for the stock - Stock price may not go up as fast as other stocks without these overhead resistances - Stock is currently trading between the short- and mid-term averages -> any break of support or resistance would require above average volume - A rebound to around 7.50 levels would be considered a successful rebound - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful rebound to 7.50 levels
ASX:LYC
by Jerm88
HLS @ 31 Aug 2021HLS - Previous analysis was done on 26 Aug -> suggested to wait for successful breakout of strong resistance - Since then, the stock has retraced all the way down to test the mid-term support - Today’s price action is first sign of a potential rebound -> but more positive indicators are required - Some traders may try to use the Support Strategy for entry, but it sometimes pays to be cautious - strong resistance zone (formed since 2013) at 5.15-5.35 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of strong resistance zone
ASX:HLS
by Jerm88
APT @ 30 Aug 2021APT - First time doing a written analysis on APT - Has a history of good uptrend - Stock has technically formed Higher Highs (HHs) and Higher Lows (HLs) -> signifying sustained uptrend - Stock volatility is quite high -> may not be suitable for all types of traders - Stock experiences plenty of gap ups and gap downs -> introduces unwanted stress/emotions and negatively encourages stock monitoring - Sideways consolidation over the last few weeks is good - R is less than 10% - Strategy-to-buy (DYOR) – Suggest entry around 136 levels if comfortable with high price volatilities and price gaps
A
by Jerm88
1
PLS @ 30 August 2021PLS - First time doing a written analysis on PLS - Stock has some history of uptrend but aren’t long enough (ie. less than 3 months) to my liking - Price retracement in mid-August is quite a big drop (ie. About 20%) but mostly due to the strong price increases before that - Price respects the short-term average -> very good - Price recently formed a Lower High (LH) but it’s understandable due to the big drop in the subsequent retracement wave - Today’s price action looks to be a nice rebound and might present buying opportunities for some traders - Stock hasn’t broken through counter-trendline - R is more than 10% - Strategy-to-buy (DYOR) – Suggest to use breakout strategies once stock successfully breakout of counter-trendline with strong volume
ASX:PLS
by Jerm88
Bitcoin Second Rally?If we take our minds back to May this year, we will recall the fall that Bitcoin and most of the cryptocurrency market endured. There was a lot of panic selling and buyers were scrambling to get into Bitcoin at a cheaper price as it had fallen from over $64,000 to just under $29,000. Price hovered around $29,000 from May to July until the buyers could build up enough momentum to push price up. At the support level, we can see that the 50 simple moving average helped to hold price up and gave price that final push upwards. Above price we have the $50,000 round number, which may act as a psychological level of resistance. Price has now tagged this level. If it breaks above this level and completely clears it, we then want to see price move towards the all-time high at $64,895. The rally in Bitcoin may not be over just yet but let’s see how price reacts to levels of resistance in the way. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSDLong
by Sublime_Trading
EUR/USD Forecast (newbie analyst)Overall long term i expect the bearish trend to continue,but when the price goes to the yellow support/resistance levels to slow down momentum and possibly go in stagnation.As the price goes to the red support/resistance levels it will give us oppurtunities to look for price chart patterns for reversal. P.S. Feedback will be highly appreciated as i want to improve my skills since im very new to this! Support/Resistance levels legend : Green : Very likely for the price to pass (low support/resistance) Yellow : Unlikely to passs.(medium support/resistance ) Red : Very unlikely for the price to pass ( hard support/resistance)
Long
by lazerarrowrng5
I'm in a GBPNZD short. Is anyone else? 🙌🙋‍♂️Entry details are shown on the chart. Working the M45 time frame on this strategy. We're only looking for TP3. In some draw down at time of posting. I don't mind I trade my strategy knowing I have a back tested proven edge. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
USDCHF long in progress 📉👍Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. Last trade prior to this long can also be seen on the chart. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you.
Long
by pow_removetheguesswork
EURGBP long opportunity running 📈💪Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. Busy start to the week for this strategy with one short trade already hitting TP this morning. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
GBPNZD long valid👌👍Entry details are shown on the chart. Working the 45M time frame on this strategy. We're only looking for TP3. Last trade which was covered in an idea last week can also be seen on the chart. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you.
Long
by pow_removetheguesswork
Netflix Is Just Chilling...For Now!Netflix is chilling at the moment and has been moving sideways now for a year now. We saw some fast growth in their share value following the peak of the pandemic, but the buyers have not been able to keep up the momentum. Consolidation periods usually follow strong trends but if the overall strength of the stock is still there, then price should be able to continue the trend sooner or later The last consolidation period lasted for two years but we may not have to wait that long this time but either way, we will only take action if price breaks above the all-time high at $593. Price is also hovering around the $500 round number, which is a psychological level of support & resistance. As the overall trend is bullish, we are anticipating a breakout to the upside before considering opening up any positions. This is quite an expensive stock, so it may not be suitable for all investors, but we cover other good-looking opportunities in our posts. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:NFLXLong
by Sublime_Trading
$RBLX: Roblox has massive upside...$RBLX has come a long way down and found support at previous accumulation levels, we had a nice jump, as bulls expect earnings to go well. I'm bullish on the in game economy and the popularity of the game rising periodically. I do like the chart a lot here as well, and reward to risk is very good, so a buying opportunity on dips is in the cards. Keep an eye on it, if you are up for the year, you can risk buying before the earnings report, if not, wait to buy the next dip into support AFTER the earnings report is out of the way. Best of luck, Ivan Labrie.
NYSE:RBLXLong
by IvanLabrie
1