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Short-term Bullish on AdobeI'm looking at ADBE today. Seeing a lot of good signs for a shorter-term play. I'm seeing Bullish Divergence on the Daily chart (as well as recent 4-hr Bullish Divergence). In addition, ADBE has entered a *strong* buy zone on the lower indicator (something that hasn't happened since 2011). Working against ADBE is the negative momentum, however, I think there's a good chance we see bulls step in over the next few weeks. I'm interested in increasing my exposure here. Good Luck ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
NASDAQ:ADBELong
by mercury_rising
$SBLK ready to push higher after printing a Pocket Pivot?Notes/Thoughts: * Broke out of $29.87 once again this time with tonnes of volume and a printed a pocket pivot! * With increased hedge fund activity it makes sense to get in now * Has the relative strength and the UD Volume indicating that it's ready to move higher Technicals: * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 11.25 * Relative Strength vs. SP500: 10.98 * U/D Ratio: 1.24 * Base Depth: 21.77% * Distance from breakout buy point: 1.98% * Volume 106.73% above its 15 day avg. Trade Idea * The idea here is to play the pocket pivot. * The pocket pivot seems to be valid as it's emerging from the 10/20 EMAs * This seems like a good entry as it broke out from $29.87 with tonnes of volume and we can expect it to continue higher * Managing risk tightly as I don't want to lose more than 4% on this trade * If you're looking for a better entry you can look for an opportunity around the $29.87 area and manage risk accordingly
NASDAQ:SBLKLong
by HaseebKhan_90
$HUSA Next Target PTs 16-35 and higher Long term PT 150 and highHouston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2020, the company owned interests in four gross wells. Houston American Energy Corp. was incorporated in 2001 and is based in Houston, Texas.
AMEX:HUSALong
by BADQOMOCAWGOWLD
Waiting for Better Long EntryLUNA is currently flirting with the 100 EMA vs BTC. Shorter-term Bullish traders may have an opportunity for a quick flip as LUNA could certainly hold here and continue it's bullish run. However, buying here doesn't feel like the higher-probability play. I'm more interested in waiting for price to come down closer to the 200 EMA. I'm also waiting for my indicator to show that we are in a solid buy zone. Good Luck ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
L
by mercury_rising
Bullish on BABA"Be greedy when others are fearful" BABA is 70% off its highs from a year and a half ago and many investors are jaded. Looking at the technicals however, I'm seeing plenty of reasons to consider BABA a great opportunity to DCA into a long position here. The relentless overhead resistance and downward momentum appear to be dissipating as sellers run out of steam. Value buyers appear to be stepping in and the charts are showing increasing support. In addition, I'm seeing bullish divergence on the daily chart and a possible signal of a shift of momentum. All these signs lead me to think BABA is preparing to turn the corner. I'm not ready to call the bottom on BABA, but I'm interested in accumulating. Happy Trading ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
NYSE:BABALong
by mercury_rising
6
$IMPP Next Target PTs 9-18 and higherImperial Petroleum Inc. provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oils. As of March 29, 2022, the company owned four medium range refined petroleum product tankers and one Aframax crude oil tanker with a total capacity of 305,804 deadweight tons. The company was incorporated in 2021 and is based in Athens, Greece.
NASDAQ:IMPPLong
by BADQOMOCAWGOWLD
2
When youtubers talk about higher and higher, I scream ALERT 🚨🚨Hello everyone, I believe less and less in technical analysis ... After spending more than a year staring at charts and drawing lines, I realized that the stock market has an alternative to my moves every time. We can say that we have a correction, a flag that is responsible for the continuation of declines. On the other hand, we have higher and higher lows and lows, which says about the trend reversal, and of course a lot of analysts claiming that there will be no more declines. What to believe? I believe that BITCOIN will be cheap at 28k-30k and then it will be time to buy or enter futures in the long-term. I wouldn't be surprised if the price was pushed by a wick even at 24k. I sit with SHORT and wait for the Youtuber money to fall into my hands: D I must warn you about the descent because this is my vision for the near future. Don't be fooled by temptation! The plan to delete us is very simple: D Let's show them that it's growing, and they'll wake up in the morning with nothing. Remember that I may be wrong, but the truth is, this is a fight with the player on the other side of the monitor. Comment and like, Regards #buydips
Short
by SayMoney
Opportunity brewing, but bearish break expectedKeeping an eye on ALGO/BTC. It doesn't look pretty, but there may be an opportunity developing in the next week or so. We're currently testing the Support of a large Descending Triangle. Descending Triangles are bearish and so a break down (at some point) is expected. Combined with the recent bearish momentum and overhead resistance, I'm inclined to think the break will happen sooner rather than later. However, there are some bullish signs that keep ALGO on my radar: We're seeing bullish divergence on the Daily chart and we're entering into another buy zone. A small buy here could be a high-risk, high-reward option for the adventurous--if support holds we could see a retest of the top of the Descending Triangle. However, I'm on the sidelines waiting for a more secure entry. Patience is the least sexy of the superpowers. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
by mercury_rising
4
$NVO giving another entry opportunity before moving higher?* Good earnings * Very strong up trend in the long term * Broke out of a ~4month base and now retested it as support * Sector: Healthcare - Drug Manufacturers - General * Relative Strength vs. Sector: 8.35 * Relative Strength vs. SP500: 2.56 * U/D Ratio: 2.21 * Base Depth: 26.05% * Distance from breakout buy point: 1.01% * Volume 145.18% above its 15 day average. Trade Idea: * Given the amount of volume that came in around $116.55, it seems like there's quite a bit of demand for this stock around this price. * You can look to enter now as the price is very close to the broken base * The U/D ratio indicates that the stock's under accumulation * If you're looking for a better entry you can look to enter around $115.16
NYSE:NVOLong
by HaseebKhan_90
Bullish momentum to continue? Hello friends, let's look at the ETH/BTC chart. ETH appears to be in a Rising Channel against BTC. The Channel Support faced a crucial test at the beginning of March as the 50 EMA crossed below the 200 EMA (Death Cross). Bullish momentum held and ETH has enjoyed a 16% bounce. Bulls gained a confidence boost in early April as the 50 EMA crossed back above the 200 EMA (Golden Cross). I'm expecting this bullishness to continue and will be looking for an entry to increase my position. Good Luck. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
Long
by mercury_rising
Will bulls hold back the apocalypse?Hello friends, I'm just getting back to the charts after an unexpected break. Let's dive into BTC. We appear to be in a macro Rising Channel going back about a year. If we manage to get a strong bounce off the Channel Support, a return to the top of the Channel would become more and more likely. However, that's a strong "IF" and I'm not convinced that the Channel Support will hold. If that support breaks, then I believe we'll see a capitulation move that could take us down potentially another 30% until we find strong support at the Weekly 200 EMA. For my own trading, I'm waiting for an obvious buy zone (lowest indicator), and bullish divergence on the Daily and 4-hour charts before I'm ready to go long with conviction. Good luck! ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
by mercury_rising
1
TSLA, BEST and WORST Case Scenarios ! Both are possible for now!We are at the moment which both optimistic and pessimistic scenarios are possible for TSLA in terms of Elliott waves. Lets follow and investigate BEST and WORST case scenarios : BEST CASE SCENARIO : Lest start with the best one. This scenario, if happens, can present considerable profit to bulls. In this case , Ascending rally from 546.98 up to ATH and correction from ATH down to 700 can be considered as wave 1and 2 of a new up going wave cycle. As shown on the chart , mentioned decline corrected around 78 % of the previous rally which is usual and acceptable for a wave 2. In this scenario, we are currently in the correction of 5 leg up from 700 to latest high and most profitable wave is yet to come after end of correction at proposed prices on the chart corresponding to 0.5 , 0.618 and 0.786 retracements of latest rally. WORST CASE SCENARIO : Lets think what is probable if we label correction from ATH down to 700 wave 4 ? Is it possible ? unfortunately yes. Is it usual ? No, but it happens and cannot be ignored . Some who know Elliott waves may argue that wave 4 cannot be entered into the territory of wave 2. Of course they are right in terms of Classic Elliott but this happens in Elliott Harmonic and many examples can be found. Above 50 % correction for wave 4 sends a warning to smart traders that there may be a truncated wave 5 . Truncated wave fives or those last waves in ascending trend which cannot make a new ATH . As we see all the conditions for this scenario is present. Who can predict the TSLA's behavior now? As my experience says, It is very difficult for now as both scenarios are valid based on Elliott wave rules and guidelines so taking every position should be done by cautious . Please do not forgot to set a stop loss if you open a position in this volatile market. My suggestions: 1. For those who are watching TSLA and want to take a long position : Watch for proposed prices on the chart and wait for a strong bullish signal there. Set your stop loss and try your chance. 2. For those who are watching TSLA and want to take a short position: Wait for a minor counter trend correction, Watch it's reaction to shown down trend line, open short position in case of rejection from resistance but do not forgot to set a stop loss ! Bullish scenario is also possible. 3. For those who currently have TSLA shares . It can be good to manage risk and close at least part of position after up coming minor counter trend correction. Good luck everyone.
NASDAQ:TSLA
by SaeedSajedi
7
$HSIC looking to make the next leg higher!Notes: * Solid earnings in the recent quarters * Strong up trend in the long term * Broke out of a base on base pattern * Initially created a base of ~9 months, broke out and created a smaller base of ~4 week and is now breaking out again * The ~9 month base was just above historical highs of $73.19 setting it as support * Making new all-time-highs * For the past 3 weeks it has been testing $87.55 as a new level of support with the volume drying up indicating that buyers and sellers are agreeing on this price Technicals: * Sector: Healthcare - Medical Distribution * Relative Strength vs. Sector: 2.11 * Relative Strength vs. SP500: 5.05 * U/D Ratio: 1.79 * Base Depth: ~19.68% * Distance from breakout buy point: 2.25% * Volume 1.04% above its 15 day avg. Trade Idea: * You can look to enter now as the price is still pretty close to the broken level of $87.55 * Manage risk under $87.55 * If you're looking for a better entry you can look to buy around $88.72.
NASDAQ:HSICLong
by HaseebKhan_90
Whale in the OLT markets Hey guys been following this chart for a while, and even jumped in when I noticed strange price action in this graph, smells like whale season. A lot of my trades have come from a term I call "whale watching" which is based on trying to find whales in alt markets and riding their waves. This could be risky but I felt it was worth sharing, considering its the only alt coin that hasn't budged since the market drop and it has decent fundamentals as a project. it seems to be confirmed there is a massive whale in the OLT markets. He's the same whale that pumped XDB and twitter/telegram community has confirmed he's real. He goes by JR... will be continuing to watch like a hawk Anti-Hedge
O
by squirrelnutz
$SBLK ready to move higher?* Good earnings in the recent quarters * Strong up trend in the recent years * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 66.27 * Relative Strength vs. SP500: 15.88 * U/D Ratio: 1.21 * Distance from breakout buy point: 0.44% * Volume 48.37% above its 15 day avg. * Broke out of an ascending triangle and move ~32% higher from there before consolidating * Yesterdays candle shows tonnes of demand along the 10/20EMAs * Has been using it's 10EMA as a dynamic level of support * Broke resistance of $29.87 with higher than average volume Trade Idea: * You can enter now as the price just broke out once again with higher than average volume * Setting a 10% target seems achievable as it's just above a historical level ($32.32) * Manage risk accordingly as shipping stocks have been hard to trade recently.
NASDAQ:SBLKLong
by HaseebKhan_90
USDJPY - Bullish BatA Bullish Bat Pattern emerge on the USDJPY 1hourly chart within the Buy Zone. That's what I like about this setup. What I don't like about this setup is that there's a lot of ebb and flow of the market on the USDJPY 1hour chart. It shouldn't be the case for this pair, but either way, the upward movement most likely will be a rocky path(closing in to the profit, retrace, closing in to the breakout, retrace again.) Having that said, it is still a nice setup. Get ready for a bumpy ride if you are into this trade.
Long
by RaynLim