Breakout!
FET/USDT: LONG SCALP SETUP!!Hey everyone!
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FET looks good here. It breaks out from the descending triangle and a retest is also done. Long some here and add more in the dip.
Entry range:- $1.12-$1.15
Targets:- $1.24/$1.31/$1.39/$1.51
SL:- $1.09
Lev:- Use low leverage (Max 5x)
What are your thoughts on FET's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
MAXHEALTH - It is time for 1000?As always, the chart is easy to read and understand.
Here are a couple of highlights for this case study:
Observed a strong breakout with a long candle, currently in a retest phase.
Recent price action shows a clear buyer bias.
Key support levels are holding at 892 and 864.
The 21-weekly EMA provides additional support.
Volume spiked significantly in the last two weeks.
The healthcare sector is trending upward.
The first major resistance level to watch is around the 1000 mark.
Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any securities. The information provided is based on historical data and market observations and does not guarantee future performance. Please conduct your own research or consult with a financial advisor before making any investment decisions. Trading in the stock market involves risk, and past performance is not indicative of future results.
LLC long to next levelLLC is in a 6 year decline, but above 150 day EMA.
Strong earnings caused an impulse move that then lead to a tight consolidation range.
Entered on BO, targetting PoC of next level.
Potentially a reversal on the weekly starting to form, but that will take a lot longer to play out. This is a simple swing trade targetting 7.70
QUICK/USDT: READY FOR AN ATH!!Hey everyone!
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QUICK looks good here. It breaks out from the falling wedge-like structure in the daily time frame and is currently, retesting the wedge. Buy some here and add more in the dip.
Entry range:- CMP and add more up to $0.04
Target:- 100-150%
SL:- $0.035
What are your thoughts on QUICK's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
MYR swing long, targeting next levelMYR is in a strong weekly uptrend and has had a recent strong impulse move followed by tight consolidation right below a major weekly anchor to the downside.
Aggressive entry has likely already passed a few days ago, so waiting for the BO which adds confirmation, then getting in on the pullback targeting next level.
SWING IDEA - CHALET HOTELSChalet Hotels is offering a promising swing trade setup, backed by key technical factors.
Reasons are listed below :
Break of Symmetrical Triangle : The price has broken out of a symmetrical triangle pattern, signaling a potential upward move and a shift in market sentiment.
Bullish Marubozu Candle on Daily Timeframe : A bullish Marubozu candle on the daily chart shows strong buying momentum, which reinforces the breakout and indicates further bullishness.
Trading Above 50 and 200 EMA on Daily Timeframe : The stock is trading above both the 50 and 200 EMAs on the daily timeframe, indicating strong upward momentum and a positive long-term trend.
Volume Spike : The recent surge in volumes supports the breakout, confirming increased market interest and participation in the stock.
Target - 910 // 960
Stoploss - daily close below 760
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AI/USDT LONG SCALP SETUP!!Hey everyone!
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AI looks good here. Breaking out from the falling wedge-like structure and a retest is also done. Long some here and add more in the dip.
Entry range:- $0.344-$0.354
Targets:- $0.372/$0.394/$0.419/$0.448
SL:- $0.325
Lev:- Use low leverage (Max 5x)
What are your thoughts on AI's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
NQ Futures Daily Bullflag to $22,000After a sudden drop from ATHs and a big rebound, a daily bullflag formed into month end setting September up for a very big run.
Upside PTs are: 20150, 20300, 20450, and 22000 if a break above the previous ATH to finish out the bullflag
SL would be invalidation of the flag
AUD/CHF Testing Strong Support at 0.56750 with Bearish OutlookThe AUD/CHF chart shows a strong bearish trend, with the price having retested the 0.56750 support level twice. Despite this support, the downtrend indicates that the pair may break below this level. The expectation is for the price to move further down toward 0.56472 if the support is breached. This support level has held previously, but current momentum suggests a potential breakdown, aligning with the bearish trend.
SPX500 - Support becomes Resistance !Hello Traders !
On the daily time frame, The SPX500 reached the resistance level (5669 - 5629).
Yesterday, The price broke a strong support level (5543 - 5565).
This key level becomes a new resistance level !
So, I expect a bearish move📉
_____________
TARGET: 5424🎯
Supply/Demand Analytics on 2024 Oil: IEA-EIA Demand ProjectionDear Esteemed Members,
There are several fundamental factors that could support the oil price reaching $76.09 per barrel, which is the highest level since November 2014.
As the global economy rebounds from the pandemic, the demand for oil is expected to increase, especially in the second half of 2024. The International Energy Agency (IEA) projects that global oil demand will grow by 5.4 million barrels per day (bpd) in 2024, reaching 99.6 million bpd by the end of the year.
The OPEC+ group of oil producers, led by Saudi Arabia and Russia, has been maintaining a cautious approach to increasing output, in order to balance the market and avoid oversupply. The group agreed in April to gradually raise production by 2.1 million bpd between May and July, but this is still below the pre-pandemic levels of output. Moreover, Saudi Arabia has voluntarily cut an extra 1 million bpd from its production since February, which it plans to phase out by July.
The US shale industry, which was hit hard by the price collapse in 2020, has been showing signs of discipline and prudence, focusing on improving cash flow and shareholder returns rather than expanding production. The US oil rig count, a proxy for drilling activity, has increased by about 100 rigs since the start of the year, but it is still more than 300 rigs lower than a year ago. The EIA estimates that US crude oil production will average 11.2 million bpd in 2024, which is 0.3 million bpd lower than in 2020.
The oil market is always susceptible to geopolitical tensions and conflicts that could disrupt supply or create uncertainty. Some of the current hotspots include Iran, Libya, Nigeria, and Venezuela. Iran, which has been under US sanctions that limit its oil exports, is engaged in indirect talks with the US to revive the 2015 nuclear deal, which could lead to a lifting of sanctions and a return of Iranian oil to the market. However, the outcome of the negotiations is uncertain and could face opposition from hardliners in both countries. Libya, which has been plagued by civil war and instability, has seen its oil production fluctuate due to frequent attacks and blockades on its oil facilities. The country is currently producing around 1.2 million bpd, but it faces challenges in maintaining and increasing its output amid political and security risks. Nigeria, Africa’s largest oil producer, is facing social unrest and militant attacks that could affect its oil infrastructure and exports. The country is also struggling to implement a long-awaited reform of its oil sector, which could improve its governance and attract investment. Venezuela, which has the world’s largest proven oil reserves, has seen its oil industry collapse due to mismanagement, corruption, and US sanctions. The country’s oil production has fallen from over 3 million bpd in the late 1990s to less than 0.5 million bpd in 2020.
Kind Regards,
Ely