longsonvn

longsonvn

At the close of April 30, 2024, with an ugly price action, NASDAQ:MSFT started to enter an area between 30-week MA (orange) and 52-week MA (purple) as shown in its weekly chart below Which is equivalent to an area between 150-day MA (orange) and 200-day MA (purple) on its daily chart. This area was also a consolidation zone between Nov 13, 2023 and Jan 8,...

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On April 29, 2024, 2AM UTC, TVC:GOLD is moving inside an rising channel as we can see on a 4h chart below. A break below this channel suggest a downside to around 2280 (the white line on the chart) We can wait until the breakdown, putting a sell stop order. Or we can enter an early short here, as TVC:GOLD is moving below the lowest close of 4h chart...

longsonvn

Weekly chart: On April 29, 2024, CRYPTO:ETHUSD s forming a bull flag pattern above the rising 30-week and 52-week MA. A breakout move out of this pattern suggests a further increase to 4670 (first target, the peak of 2021 uptrend) and 6370 (second target) Daily chart: CRYPTO:ETHUSD moved up above MA-20 which is a positive sign however it is still below...

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On April 25, 2024, I opened a pilot position in NASDAQ:AMD here for a few reasons.. The stock seems to react well at the MA-150 (the orange line) on the daily chart On the weekly chart, NASDAQ:AMD is trading at a meaningful support which is the previous peak from 2022. We should be careful here because the earnings will be released on April 30....

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On April 22, 2024, NYSE:IOT showed its first reaction at its MA-150/200 and closed the session at the high. During the last 5 sessions, from April 16, NYSE:IOT formed a small possible bottom pattern when it did not make the new low while the general market SP:SPX NASDAQ:NDX did so. Therefore I think we can try an early entry here with the stop 1%-2%...

longsonvn

On April 26, 2024, NASDAQ:AVGO is among the first stocks that went back above MA-20 and MA-50 while the main indices SP:SPX and NASDAQ:NDX are still below their own MA-20, MA-50. An aggressive buy point is here. A confirmation is when NASDAQ:AVGO broke out the yellow trendline shown on the chart.

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On April 1, 2024, NASDAQ:GOOGL broke out to a new high, as mentioned in my post in the related ideas section. I entered my first position there on that candle. Now, what is the target price? I don't use target prices much in my trading because I am a trend-following trader, and I am trying to hold on to a position for as long as possible until the uptrend...

longsonvn

On April 25, 2024, NASDAQ:META crashed 12% pre-market after earnings release. The question is that whether it is a buy now? For me I do not intend to buy on crash. I am looking for a pattern, or at least, a meaningful support, to buy. At this level, even 12% down pre-market, I do not see any meaningful support here nor any pattern therefore I am not buying now.

longsonvn

On April 24, 2024 2:43AM UTC OANDA:EURUSD is moving in a rising channel as shown on the 4h chart A breakdown below this channel would suggest a further decline to 1.0542 (first target) and 1.0402 (second target) If using a sell stop order, one can place the stop loss right above the lower boundary of the rising channel.

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On April 22, 2024, CAPITALCOM:NATURALGAS is trading below the resistance of 2.04 - 2.05 (yellow line) from Feb 6, 2024, with 3 bottoms forming as shown on the chart. A break above this resistance would trigger a buy signal with the target around 2.45 as shown on the chart, the same distance to the resistance as the from first bottom.

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On April 23, 2024, on a daily chart, OANDA:EURUSD is moving inside a small consolidation zone after a big down move from April 10, 2024. A break down below this triangle suggests a further down move to 1.047, which has the same distance to the consolidation zone as from the start of the previous down move.

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On April 21, 2024, 2:32AM UTC, CRYPTO:BTCUSD is trading right below a resistance $65,500 AND Its EMA-34 at $65,800. On the 4h chart we can see a smaller pattern with the same resistance A break above these levels would be a buy signal.

longsonvn

As of April 23, 2024, CAPITALCOM:COPPER is trading right above the multi-week high (from January 2023). CAPITALCOM:COPPER moved above this resistance last week and is currently testing it. With the stop loss below the low of last week, I think it is appropriate to open a long position here with the target price around 5, as shown in the chart.

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As of April 17, 2024, NASDAQ:META is trading right at the yellow trendline as shown on the chart. A breakdown below this trendline would suggest further decline another 8%, to around $450

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As a trend-following trader, I am not a "target price" guy. But let's try this time anyway. OANDA:XAUUSD might reach $2350 this time, based on the pattern shown on the chart.

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As TVC:GOLD reached the first price target that I wrote on March 30, 2024 (see the related ideas section) I closed half of my position. For another half, I still hold a long position while moving up the trailing stop. Now let's find the next target for OANDA:XAUUSD As shown on the chart, I expect the next stop is around $2500.

longsonvn

On April 22, 2024, TVC:GOLD started to move down below the trendline which is shown on the chart. Therefore I have closed the rest of my long position in $OANDA:XAUUSD. See the related ideas section for the description of my previous positions. Overall, it seems TVC:GOLD is still in an uptrend both on daily and weekly chart therefore I am not shorting it.

longsonvn

On April 22, 2024, OANDA:USDCAD is trading near the 6-month high (the white line) and the 52-week high (the yellow line) A break above the yellow resistance would trigger a buy signal with a target price at the red line shown on the chart, which has the same distance to the yellow resistance as from the July bottom of 2023.