ETH/USD trade updateETH/USD trade update:
Okay so when we look at the chart we can see that the price did break the zone of interest and is now testing the first green support that we can see on the chart.
What I am looking for now is for a reversal here. We can see that we are also close to the 0,618 level of the Fib. What could also be an important zone for us to see a reversal here.
If we do not get a reversal here we will go to the green support zone below this one. That is also a Fib level there on the bigger time frame (0,382) that was important in the past.
We can also see that the price is below all the MA’s that are on the chart. That does is bad because when we have that we have a sign that the price is bearish and not bullish.
What we can also see now is that the price now is on a Fib. Retracement on the big time frame (0,382). This retracement is from 0 to all time high. So we can say that this should be a good sign for a reversal. Because normally the bigger the time frame and price range is the more it is viewed reliable. As long as we do not get a close below that level than I am bullish for now.
I will give an update here when it is needed.
If you have any questions feel free to send me a message.
If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments.
Everything you see on my profile is just for educational purposes only.
Investment
MGNI: SETTING UP MY LONG ENTRYMGNI :
Despite the fact that I like the fundamentals of this company long term, the below analyses is purely based on technicals .
As you can see the chart does not look that great, with all moving averages pointing downward. And the market has not been nice recently with growth stocks .
However, I'm looking to buy a few stocks as a long term investment .
I usually try to simplify my analyses as much as possible, so I avoid the unnecessary noise.
By looking at the weekly chart I see an important zone that has played many times in the past. This zone is between 11.75 and 13 .
This is where I'll be looking for an entry or multiple entries.
I also see a small divergence between RSI and the price, supporting the fact that we could see a nice bounce (for shorter term traders).
That's it! Let me know if you have comments.
Trade safe!
NAS100: Another bearish wave to follow on the W1 timeframe.We have now successfully reached the resistance of our rising channel. We now anticipate 4 to 7 weeks of bearish candles to reach our support before going bullish again.
The US100 represents the US technology's performance. The world of technology is moving forward, being enhanced on a daily. I predict NAS100 going to $67000 in the next 10 years. I would recommend buying NAS100 and hold it once we meet our channel resistance.
This is by far the best investment any trader or investor can make. As for now, we're selling.
XAUUSD UpdateGold is violently volatile today and Silver is bulls' madness. Nevertherless we keep seeing bearish patterns. It can be, of course, that I fell a victim of confirmation bias (I hold short therefore I am inevitably biased), but something tells me it's not that bad.
Havr a look at lower timeframe here - seems like leading diagonal with impulse waves has been spotted.
Wells Fargo LongWells Fargo shares gained nearly 15% so far this year ahead of its fourth-quarter earnings, which is expected to enjoy better loan activity and a higher net interest income than that seen in early last year due to favorable industry trends.
The fourth-largest U.S. lender is expected to report its fourth-quarter earnings of $1.11 per share, which represents a year-on-year growth of over 70% from $0.64 per share seen in the same period a year ago.
The San Francisco, California-based multinational financial services company would post revenue growth of more than 4% to $18.8 billion.
Wells Fargo shares rose over 1% to $55.35 on Monday. The stock jumped nearly 15% so far this year after surging nearly 60% in 2021.
Analyst Comments:
“Wells Fargo (WFC) benefit to EPS from rising rates is the highest in the group, with each 50bps increase in FF driving 15% increase in EPS; 50bps in long-end rates drives 7% to EPS. WFC is in a strong.
AMZN D1 - Long EntryAMZN D1
Another example here on AMZN, just to show our zone trading strategy is effective across all markets, all timeframes and instruments. Crypto, equities, FX, commodities....
Solid bounce from our 3185 price as indicated. pushing 1.5R, now time to squeeze and trial if you're trading this pair, or accept the DCA entry and wait for $2950 if it presents.
BTCINRBTCINR trading at major support level.
if close or sustain below 29lacs, we seen 27/25/23/21.5 lacs (inr)
NOTE : ALL VIEWS ARE EDUCATION PURPOSE ONLY.
COALINDIA LONG-TERM VIEWToday COAL INDIA closed over 200-day EMA backed by a high volume trading.
Also breaks the downward weekly trend-line followed from August 2015 on a daily basis. If it stays above the trend-line for this week, we can go long for couple of weeks.
Next Support levels to watch:
Support 1 = 162.20
Support 2 = 172.80
Check out the link to my previous Swing trade idea for COALINDIA.
Happy Investing :)
ATOMBTC - INVEST IDEA💡💡#INVEST 💡💡
ATOM / BTC
▶️ Buy in 1Block (40%) + 2Block (40%) 0.0003902 - 0.0004347) + (0.0002560 - 0.0003250)
This is an investment idea. There are no stops here. I leave 20% in case of force majeure. As practice shows, the profitability of investments is higher than in trade. Duration: 1 - 12 months.
#ATOMBTC_INVEST_111221
Betting on human tendencies for the long run, ARKQIn trading and investing the crowd is not your friend, this mantra or some derivative of it gets repeated and parroted by the talking heads and investment gurus like a broken record, the irony is that they are the proverbial crowd they so fervently encourage retail investors to avoid. They are correct though, the herd does always loose and so it is no surprise that once Cathy Wood's, ARK brand of funds rose to popularity their stellar performance ground to a halt. This does not mean they are not worth investing in or that the philosophy behind the funds are doomed to failure. Now I am not some massive Cathy Wood fan and indeed I only invest in one of her funds but it is hilarious to watch the talking heads and self-reported experts jump ship and start an almost daily string of criticism after her funds suffer a single year of poor performance. Was it ever reasonable to assume she could continue the performance of recent years, from its inception near the end of 2014 her flagship fund ARKK rose to its peak in Feb 2021 almost 700%, while the S&P 500 rose 95%. In a world where the majority of active fund managers significantly underperform the market did anyone think this was sustainable? Even after a horrid year ARKK is still up 320% while over the same time period since 2014 the S&P 500 has risen 132%. Who can honestly say over a 7 year period they have outperformed the market by nearly 3X not many people I would wager. To conclude I find it incredibly reassuring to see the daily criticism of Cathy Wood as usual the experts will mislead the crowd and just like they were no where to be seen before Woods funds rose to prominence they will fade away and change their tune once they start to perform well again.
So with the above information in mind I would like to remind people why I continue to add to my holdings in ARKQ. ARKQ is one of Cathy Woods fund that invests in robotics and artificial intelligence. I find this fund very appealing over a 20-30 year time frame for one major reason and that reason is human nature. For all of human history people have tried to build machines to accomplish tasks better, faster, or with less effort. This constant innovation has resulted in almost all repetitive and predictable tasks now being automated and performed by robots. The limiting factor until recently has been the inability for machines to complete tasks that could not be easily broken down into repetitive predictable patterns. With advent of AI this will all change and I predict over the next 20-30 years machines powered by AI and equipped with advanced sensors will start to take over an unimaginable amount of regular human activities. The easiest way for a retail investor to benefit from the growth in these industries to allocate their capital to a diversified ETF that invests in these industries. Cathy Wood is a divisive figure but her record cannot be denied, ARKQ is up 272% since inception vs the S&P 500's 138% over the same time period. While 7 years of results during a strong bull market are not conclusive I believe the future will show that this is a good place to allocate capital.
A NICE LONG TRADE ON CONSOLIDATED EDISON Hello traders and a HAPPY NEW YEAR!!!
My first recording video i hope you like it!!
Nice long trade on ED explained in multi-time frame analysis!
LONG TRADE
ENTRY AT 68.50$
STOP LOSS AT 66.80$
TP1 AT 77$
TP2 AT 83$
PLEASE LET ME YOUR COMMENT WITH YOUR VIEW OR YOUR QUESTION!
HAPPY TO HELP!
HAPPY PROFITS TO EVERYBODY!!
THE GREEK TRADER
ADANIPORTS - possible upward moveCMP Rs. P/E Mar Cap Rs.Cr. NP Prev Qtr Rs.Cr. NP Qtr Rs.Cr. PAT Ann Rs.Cr. PAT 12M Rs.Cr. ROE 3Yr % ROE 5Yr % ROE 10Yr %
739.10 27.77 150884.56 1306.69 951.71 4997.04 5432.46 16.86 18.52 19.99
1. The stock has moved out of the major support zone.
2. The price should sustain over 737.
3. Next hurdles 767 and 786
4. A move above these prices should see a move upwards to 800-900 levels
For Intraday
Buy above 738 for a target of 754-774 with a stop loss of 727
For Short Term
Buy above 738 for a target of 797-829 with a stop loss of 715
For Long Term
Buy above 738 for a target of 900 with a stop loss of 679
Read chart carefully for trades
CLO/USD (Callisto Network) huge bull run, get in early !Callisto Network looks very promising, slight momentum change very recently has caused CLO to enter accumulation. Good chance to get in now, still early, big upside.
Palantir long term investment ideaSo when we look at the chart now we can see that the price is in a support zone for now. What we can do now is either wait and see what the price will be doing in this support zone. It looks like it is respecting it for now and I will be adding some shares to my investment for this company.
What I will do further will be explained when I give an update on this investment but for now I will just be adding some shares and be looking at the support to see if it holds.
This is an investment that I will be holding for the longer term so it could be that it is going to go below the support for a while but at the end I still think that this is a good stock to have if you are able to hold it for a few years.
If you have any questions feel free to send me a message.
If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments.
Everything you see on my profile is just for educational purposes only.
An investment resistant to inflation, GNR ETFThe SPDR® S&P® Global Natural Resources ETF (GNR) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® Global Natural Resources Index. The index is composed of three sub indices, the S&P Global Natural Resources - Agriculture Index, the S&P Global Natural Resources -Energy Index and the S&P Global Natural Resources - Metals and Mining Index. Each index has a 1/3 weighting and provides excellent exposure to a number of the largest market cap securities in three natural resources sectors - agriculture, energy, and metals and mining.
During times of high inflation, which we are no doubt currently experiencing producers/miners/growers of natural resources are excellent businesses to invest in as they have the ability to easily match prices to inflation and push them downstream to consumers. In addition the procurement and sale of natural resources is a capital intensive business whether that be mining, farming, or drilling for oil. This makes it harder for competitors to steal market share from the large established companies that comprise the GNR ETF. This diversified global ETF is an easy and effective way to gain exposure to businesses that should be less affected by a high inflationary environment.
*Not a recommendation to buy or sell*
GALA Games, the new BTC?This is my investment project. Investing for the future. Gala Games is, for example, free gaming and thus earning dollars. This game is currently 70% played in Africa and India. In India the daily wage is 1.23USD and by playing this game you will earn a monthly wage daily. This project will end hunger in the world. That's one reason to support it, right? Gala Games just signed a contract with EA and funds are pouring in. Compare it to Axie Infinity and look at that chart. Two thousand twenty-one was the year of the NFTs, 2022 will be the gaming industry! I am convinced that this coin will turn people into millionaires. Good luck!
MED - underrated stock?Hello my dear subscribers
Finally I am back with new investing candidates.
Today we will talk about Medifast Inc.
It is personal services company, which made own product OPTAVIA for peoples, which want change their lifestyle and habbits on healthy and strong.
Levels for entry are here:
From 1-year profile we have 2 levels.
First level is at 188.42 to 197 USD. That is lower part of market profile and price haven't fallen lower. And from that levels price jumped up. Here we can buy stocks with cheaper prices.
Second level is at 223 to 235 USD. That was most popular price with biggest volumes and value for market. It is chance to breaking POC to grow up - it can be positive for both swing traders and long-term investors.
Ok, now reasons - why I am thinking that MED will grow fine(source - Guru Focus service)?
First: all 2018-2021 year company acts good with good financial result.
Net margin is 11,18% and operating margin has meaning 14,67%
ROE has meaning 91,53%
Last 3 years EPS growth at 56% - which is unique for that industry.
And here is no manipultion with financial results. Medifast Inc DO NOT provide activity, which is unusual for that industry.
Second: really stable financial situation
Low debts (10%), enough cash to pay for debts, high interest coverage and extremely high meaning ROIC (274%) cause strong financial stability for Medifast Inc.
Third: well organized business
Company works with clients directly, without any third parties. And allow work from home for couches and sellers. This new organization caused 92% of sellings.
Company has good PEG ratio (0,44) and fast-circling product.
Medifast Inc continue to buyback her stocks and makes strong investing in growth.
In official statements Medifast Inc plans to move on Asia-Pacific markets. Strongest points are Hong Kong and Singapour.
They are reasons, why at my opinion price and value of the company will grow after new year.
So just expecting financial statement 10-K at 31 december.
$LC mean reversion long idea, offers 100% upside. Strong growth.$LC mean reversion long after the stock has drifted significantly lower, company is under valued here and doing triple digit earnings. Expecting buyers to show up around this demand level and shorts to cover causing a nice snapback in price.