ChargePoint, an electric vehicle charging network, has struck a deal to merge with a SPAC (Special Purpose Acquisition Company), Switchback Energy Acquisition Corporation (SBE), with a market valuation of $2.4 billion.
In this analysis, I'll be going over the company's business model and financials, as well as technical analysis of the very short price action...
At the beginning of September I forecasted that we would likely see some rotation from growth to value in the next few months, and I laid out three target prices for the RSP (equal weight) to SPY (cap weight) ratio. This ratio has continued to behave fairly predictably, oscillating within its seven-month range and making fairly perfect touches of the target...
Wouldn’t it be great to see the future? To see where turning points in price will occur with a high degree of accuracy? To see if a trading system that you developed or bought or learned actually works? Well, you can, with a method called BACKTESTING.
Backtesting performs three important functions:
1: It helps you IDENTIFY the reliability / win rate of your...
Bull Flag : A bull flag forms in bullish trending markets - and we may be entering one of the biggest bull markets after 2018. After a strong bullish movement when this pattern forms. it signals the market that the price is likely to move higher via continuation patterns. A continuation pattern is a measured move (please see the chart above on the left).
How to...
Hello everyone,
and welcome on this chartart.
This chart is made just for fun to attract more attention and show you the power of patterns and make you laught at the same time
& to get some feedback and likes too if you dont mint hitting it right now.
Everyone know the bart´s pattern (fractal up, side and down) same as the orangutants head (Explained below)
But...
Following Biden's win earlier today It seems like the DXY will extend it's losses further and as a result more demand for the safe haven Gold. Price is breaking out the bearish trend forming a double bottom at 1850. This week Gold will make some big moves so be prepared!
So bigger picture, until we break the 133.000 Higher Low, we're still in an uptrend technically speaking.
You can see the support forming within the pennant formation, which con-fluently lines up perfectly with the 61.8% Fibonacci Level.
Anything between 134.800 and 136.400 is a no trade area for me.
Initially there doesn't seem to be a lot of downward target...
Do you remember the May Channel Up that has long helped us calculate the optimal buy/ sell entries (see below)?
Well it just broke to the upside today. Even the March (underlying trend-line) has reached and surpassed with ease the $14300 Target:
Even though most people (and rightly so) may think that Bitcoin is overbought on all time-frames, it might...
In this technical analysis I will describe the most important levels for Gold at the moment. I will walk you through each of the levels on the chart and explain how you can use them.
Based on empirical evidence, we can observe that the election moving in favor of Biden is good for the price of gold. We have seen that as Biden moves closer to a victory, the price...
Hello,
Here I've analyzed the PCCE (Put/Call Ratio Equities) in the monthly time frame.
Something extremely concerning is taking place for the coming months. We are close to hitting .45 on the put/call ratio which is in extremely overbought territory. What this means is when we are in this level, all of the buying power in the market is already in the market. We...
In this post, I'll be providing an educational post on the cryptocurrency's market cycle, and how to overcome the fear of missing out, also known as fomo.
It's important to understand that the cryptocurrency market has very clear market cycles.
In order to profit in the cryptocurrency market, it's important to think like a whale .
1. To begin with, whales keep...
You can now view our selection of the best open-source scripts in the new Editors' Picks section of the scripts stream, where they appear as we select them.
High Grade Bonds helps gold drive higher, but not required. What fuels those bonds seems to also fuel gold... Turbo mode witnessed when both breakout higher. #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $lqd
Well this is only getting more interesting.
First Trump was winning.
Then it dumped!
Biden was winning.
He's been winning ever since. Votes are coming in. There's a lot of confusion with mail in votes and in-person votes. So there's no rhyme or reason to how this is all working. That's the important part. Nothing is certain right now, not in the betting markets...
Iron Condor - a spread with limited risk and limited profit, using four different striking prices but the same expiration date. The position is a combination of puts and calls all of which are Out of the money. The maximum profit is realized between the two inner strikes, and the maximum loss is realized outside of the higher and lower strikes.
This strategy is...
Hello Traders and Investors! Here I show a clear overview of the bumpy ride we had over the past decade in the stock market. The leading indicator for our index is the SNP500. We are entering possibly another rocky ride with the current elections, but there is one thing that we can learn from history: we should always be calm, disciplined, collected, and most...
Today, we want to show you 6 keyboard shortcuts that can improve the way you see price, share ideas, and track your progress. To get started, open a chart and try any of the following keyboard combinations:
Alt + S = Snap a picture of your chart
Alt + W = Add symbol to your watchlist
Alt + L = Open a Log chart
Alt + P = Open a % chart
Alt + G = Go to a specific...
Summary: The market seems to be putting on the reflationary trade today ahead of the uncertainties of the US Election as the USD and JPY wilt, while the AUD rushes higher after brushing off the well flagged easing moves from the RBA overnight. Any strong turn-out among Democrats could support an extension of this development, while a contested election scenario...
