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Long-term-support

$XBI - Fundamentally Undervalued, Strong Bounce Off Of SupportI posted the wrong chart when doing my analysis on this ticker last time, so I'm here to update my error! This is a very interesting sector to keep an eye on after it's gotten relentlessly hammered for the past six months. There are now over 100 biotech stocks selling below cash, meaning these companies literally have more cash on their balance sheet than their entire market cap! Furthermore, there are 300 additional biotech stocks selling at 1/2 cash (50% of their balance sheet is at least half of their current market cap). There are an insane amount of bargains within this sector, and the entire sector is poised to make a reversal after a strong bounce off of support, and bullish engulfing candle on the daily. I wouldn't be surprised to see this entire batch of stocks start to perform very well over the following months. A trip back to the 130s is almost inevitable.
AMEX:XBILong
by FluxTrades
3
$XBI - Fundamentally Undervalued, Strong Bounce Off Of SupportThis is a very interesting sector to keep an eye on after it's gotten relentlessly hammered for the past six months. There are now over 100 biotech stocks selling below cash, meaning these companies literally have more cash on their balance sheet than their entire market cap! Furthermore, there are 300 additional biotech stocks selling at 1/2 cash (50% of their balance sheet is at least half of their current market cap). There are an insane amount of bargains within this sector, and the entire sector is poised to make a reversal after a strong bounce off of support, and bullish engulfing candle on the daily. I wouldn't be surprised to see this entire batch of stocks start to perform very well over the following months. A trip back to the 130s is almost inevitable.
AMEX:XBILong
by FluxTrades
[BTC] Charts Favoring a Longer Bear Market for BitcoinBeen out of town and offline with little to no trading/charting in the last week or two. Figured I'd take a look at the daily chart so I can set some longer term limit orders until I get back into trading. I could probably explain this chart, the trendlines, and the unmarked elliot and fibonacci analysis I did but that'd take too long. If you wanna see that stuff in more detail or you got some disagreements, hit up the comments cause I always like seeing other people's opinions. So I think I eased back on trading midway through the bounce from last week where the bulls ended up looking like a one-hit wonder that overhyped their next album. Choppy action, not clear signals, trading opportunities faded away. I scaled out all but a small bit of my original position knowing I'd be away from trading as frequently (which honestly saved me from some losses). Since then we ended up rejecting the thinner uptrend line and then broke the more important triangle support in the same move. Quite bearish on the face of it. Fell below Mar-Apr lows but didn't reach Feb lows before today's relief rally on ( debatably ) bullish news. - Resistance at the dotted blue line, not all that important trendline though. - No 5th wave up to test triangle resistance before breaking down. - Bulls failed to produce, bears capitalizing with increased volume indicating triangle pattern break. - Bearish volume spike isn't huge. - Decent bounce before testing Feb. low @ $6000. - Last hope chance for bulls in this Zone of Uncertainty, likely see some sideways consolidation here. Hell if I know which way we go at this point, not gonna try and force any trades right now. All I can say is that I'd be more hesitant to buy if we see a bigger rally back into the triangle. Also, short selling isn't worth the risk yet because of today's bounce. Definitely eager to start buying if we move into support zone near the peak of Summer 2017, roughly $4500-$5500 . If we get that low I'm gonna start scaling in for some long term holdings, even if we end up going further down. But we can argue about that bridge once we burn it.
BITFINEX:BTCUSD
by NYFinancials
1
EOS long - parabolic channel - spittled in two with support I believe there are two scenarios, either it stays for another two days in the upper part of the channel or falls slowly trough fibonacci levels till the second support. It can touch the lower purple bottom channel just in case of another big FUD - exchange related, political or bitcoin/ethereum FUDs. Really noob at charting and lets say TA. Any mistake you see, opinion or idea is appreciated as I could improve my skills.
BITFINEX:EOSUSDLong
by drive23
1
Final call for those who missed the boat yesterday.In my previous analysis, we saw ADA in a descending wedge which has been seen historically to break bullish 68% of the time (which it did) However as ADA prematurely rose yesterday by about 8 hours, it needs a slight correction before we make our way up into the 4000s. These are ancient long-term trend lines and are more likely to hold than regular short-term trendlines. RSI didnt quite bounce off the descending trendline, which may suggest it is now on a new upward trajectory trendline, (Drawn in purple) Prices have now converged with 50 day MA which makes it more likely that correction has occured and will be moving to new highs. MACD is now strongly pointed towards the upside. All systems are go for a try to the mid 3000s and then to the early 4000s. Roadmap updates are to be posted in 9 days and you will see many people buying the rumour around this time period. Do leave comments below if there is something that I missed.
Long
by CoolShades
2
Simple AUDJPY trade LONGVery simple idea from mine. In the coming weeks, the AUDJPY will be facing a major support levels on 72. I was extracting the data from long way back so we can see that the AUDJPY had been facing this level several times in the past and we should the price to react the same 70-72 is my buy zone, if we see that it cannot break this level then i will be opening my position if i see a bullish confirmation candle This is the long trade, so i even though i put a red arrow there, i do not encourage shorting here even though you might gain 400 pips if it went to 72 Expect the price to bounce to around 88. Patience is everything, Good luck
Long
by elden