ECL -- want to fly for few $ you want to fly with ECL?looking daily SMA looks like bearish trend and target 163.2
Stockpicks
Duke Energy to find buyers.Duke Energy - 30d expiry - We look to Buy at 97.51 (stop at 94.38)
Bespoke support is located at 97.30.
Levels below 97.00 continue to attract buyers.
The daily chart technicals suggests further downside before the uptrend returns.
We look for a temporary move lower.
We look to buy dips.
Our profit targets will be 105.33 and 107.33
Resistance: 103.00 / 106.43 / 110.00
Support: 98.46 / 97.30 / 95.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Can S&P500 break 4100.00 during huge FOMC & Earnings week?The S&P 500 is headed for its best January since 2019, when it gained nearly 8%. So far, the market index is up ~5.0% this year, following a 19% loss last year. But this rally might have paused for the time being, as the Federal Open Market Committee begins its 2-day meeting. After which, the Federal Reserve is expected to hike its interest rate by 25 basis points. Investors will be watching carefully for any change in market sentiment regarding this forecast in the lead up to the decision. While the economy is starting to slow, US unemployment is still at 3.5% (a 50 year low) and wage growth is still strong. This means that the 25-basis-point hike is not a foregone conclusion, with 50 basis points the next likely option. Adding to the complication of forecasting the S&P 500, is the fact that more than 20% of the companies in the index are reporting quarterly earnings this week. McDonald’s, Apple, Meta Platforms, Amazon.com, and Alphabet are all set to update the market.
The question to ask ourselves is whether the S&P500 has finally entered a reversal period, or is the long-term downtrend still in place? We can also see that the previous week's candle closed above the downward trend line and the 200EMA. Although, we can look at the fake outs that took place in August and December last year, when the candles closed above the 200 EMA, but this did not result in a bullish continuation.
We can use the Aroon indicator in an attempt to gain some clues to confirm if the trend to the upside is strong. Presently, the Aroon indicator registers a strong bullish signal, as the blue line is above 70% while the red line stays below 30%. Yet, a strong key resistance, marked at around the 4100.00 area, appears to be a significant problem for the S&P 500.
HLBZ Helbiz the CEO keeps buying more shares! On Dec 29, HLBZ Helbiz CEO bought another 1,568,249 shares of its company at $0.12.
He has also bough shares when the stock was $6.75 last year, worth $3,374,000.
His average I believe it`s a bit above $1.
That`s why i think the CEO of HLBZ, Salvatore PalellaIa, said: "I have only two targets: Profitability and bringing back the stock at 1$ without a RS ; I will do everything I can to make this happen. PERIOD". We are "Creating the first mobility SuperApp"!
If we are to trust him, then HLBZ should do a 7.6X move from here.
Looking forward to read your opinion about it.
Okta in a flag?OKTA - 30d expiry - We look to Buy a break of 74.31 (stop at 68.78)
Short term bias has turned negative.
A break of the recent high at 74.31 should result in a further move higher.
Short term momentum is bullish.
Price action looks to be forming a bullish flag/pennant.
The bias is to break to the upside.
Our profit targets will be 86.96 and 87.96
Resistance: 74.18 / 78.00 / 87.50
Support: 66.00 / 62.40 / 60.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
JEF Jefferies Options Ahead of EarningsLooking at the JEF Jefferies Financial Group options chain ahead of earnings , I would buy the $37.5 strike price at the money Puts with
2023-1-20 expiration date for about
$1.30 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Fading into KMI double top.Kinder Morgan - 30d expiry - We look to Sell at 19.25 (stop at 19.71)
Levels above 19 continue to attract sellers.
Levels close to the 78.6% pullback level of 19.25 found sellers.
19.33 has been pivotal.
The previous swing high is located at 19.36.
Posted a Double Top formation.
Preferred trade is to sell into rallies.
This stock has seen poor sales growth.
Our profit targets will be 18.11 and 17.71
Resistance: 18.80 / 19.35 / 19.70
Support: 18.45 / 18.20 / 17.85
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
The Trade Desk approaching critical support.The Trade Desk - 30d expiry - We look to Buy at 40.51 (stop at 37.39)
Levels below 42.00 continue to attract buyers.
40.00 continues to hold back the bears.
Daily signals for sentiment are at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Dip buying offers good risk/reward.
Preferred trade is to buy on dips.
Our profit targets will be 48.31 and 49.31
Resistance: 46.80 / 50.00 / 55.00
Support: 42.50 / 39.50 / 35.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Fading into Consol primary trend.Consol Energy - 30d expiry - We look to Buy at 58.22 (stop at 54.91)
Levels below 58 continue to attract buyers.
The primary trend remains bullish.
There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 57.52.
We look for a temporary move lower.
Short term momentum is bearish.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
This stock has seen good sales growth.
Our profit targets will be 66.48 and 68.48
Resistance: 65.00 / 68.00 / 70.20
Support: 60.20 / 58.60 / 57.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Pfizer in a bull flag.Pfizer - 30d expiry - We look to Buy a break of 48.31 (stop at 46.56)
Short term bias has turned positive.
Posted a bullish Flag formation.
A break of 48.26 is needed to confirm the outlook.
A break of the recent high at 48.26 should result in a further move higher.
Short term momentum is bullish.
This stock has seen good sales growth.
The bias is to break to the upside.
Our profit targets will be 52.69 and 53.69
Resistance: 48.00 / 49.70 / 52.00
Support: 46.70 / 46.00 / 44.70
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LVS Las Vegas Sands Options Ahead Of EarningsLooking at the LVS Las Vegas Sands options chain, i would buy the $40 strike price Calls with
2022-11-18 expiration date for about
$1.14 premium.
Looking forward to read your opinion about it.
Ford to find support at trend line?Ford - 30d expiry - We look to Buy at 11.63 (stop at 11.09)
Short term momentum is bearish.
The trend of higher lows is located at 11.60.
We expect prices to stall close to our bespoke level (11.60).
Trading has been mixed and volatile.
The previous swing low is located at 11.13.
We look for a temporary move lower.
Our profit targets will be 12.97 and 13.27
Resistance: 12.50 / 13.00 / 13.50
Support: 12.00 / 11.70 / 11.20
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Novavax in a bear flag.Novavax - 30d expiry - We look to Sell a break of 15.49 (stop at 17.01)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Prices are extending lower from the bearish flag/pennant formation.
Posted a bearish Flag formation.
A break of 15.50 is needed to confirm the outlook.
The bias is to break to the downside.
This stock has seen poor sales growth.
Our outlook is bearish.
Our profit targets will be 12.12 and 11.62
Resistance: 18.00 / 18.55 / 19.50
Support: 16.30 / 15.53 / 15.00
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Selling AT&T into a rally. AT&T - 30d expiry - We look to Sell at 20.68 (stop at 21.62)
The previous swing high is located at 20.90.
There is no clear indication that the upward move is coming to an end.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Resistance is located at 20.90 and should cap gains to this area.
Expect trading to remain mixed and volatile.
The medium term bias is neutral.
Our profit targets will be 18.31 and 17.61
Resistance: 18.65 / 19.80 / 20.90
Support: 18.00 / 17.70 / 17.00
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Air Liquide has formed a bull flag!Air Liquide - 30d expiry - We look to Buy a break of 134.52 (stop at 129.88)
Posted a Double Bottom formation.
Prices have reacted from 114.44. Posted a bullish Flag formation.
A break of 134.30 is needed to confirm the outlook.
The bias is to break to the upside.
Our outlook is bullish.
The primary trend remains bullish.
Our profit targets will be 145.88 and 149.88
Resistance: 134.30 / 138.00 / 142.50
Support: 130.36 / 127.00 / 122.50
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Beoing at overbought extremes.The Boeing Company - 30d expiry - We look to Sell a break of 168.38 (stop at 175.05)
We are trading at overbought extremes.
Trading within a Corrective Channel formation.
A break of the recent low at 168.50 should result in a further move lower.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
Bearish divergence is expected to cap gains.
This stock has seen poor sales growth.
Our profit targets will be 151.71 and 149.71
Resistance: 180 / 190 / 198
Support: 171 / 163 / 155
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Buying ASM on dips.ASM International - Intraday - We look to Buy at 232.1 (stop at 219.8)
Levels below 230 continue to attract buyers.
Trading has been mixed and volatile.
A lower correction is expected.
Bespoke support is located at 230.
Further upside is expected although we prefer to buy into dips close to the 230 level.
The primary trend remains bullish.
Our profit targets will be 262.9 and 272.9
Resistance: 270.0 / 280.0 / 290.0
Support: 255.0 / 245.0 / 230.0
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EasyJet to fly?EasyJet - 30D expiry - We look to Buy a break of 311.1 (stop at 288.8)
We are trading at oversold extremes.
The trend of lower highs is located at 370.
The previous swing high is located at 375.
We look for a temporary move higher.
There was little net movement as we continue to consolidate within the 280 - 310 range.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The bias is to break to the upside.
Our profit targets will be 369.6 and 379.6
Resistance: 310 / 350 / 380
Support: 280 / 250 / 220
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Buying Sanofi correction higher.Sanofi - Intraday - We look to Buy a break of 83.71 (stop at 79.98)
We are trading at oversold extremes.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. 83.58 has been pivotal.
A break of 83.60 is needed to confirm follow through bullish momentum.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Posted a Double Bottom formation.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 83.70, which will confirm the bullish sentiment.
Our profit targets will be 92.69 and 95.69
Resistance: 83.00 / 87.50 / 90.00
Support: 80.00 / 77.00 / 75.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Selling STM at 61.8% pullback.ST Micro Electrics - 30d expiry - We look to Sell at 38.14 (stop at 39.33)
Resistance could prove difficult to breakdown.
Bespoke resistance is located at 38.00.
38.44 has been pivotal.
39.21 has been pivotal.
Levels close to the 61.8% pullback level of 38.91 found sellers.
Our profit targets will be 35.14 and 34.14
Resistance: 35.00 / 36.00 / 38.00
Support: 33.80 / 33.00 / 32.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Bargain Hunting - OBV Divergence?This is just a thought here - although this appears to be a never-ending downtrend, I wonder if this on-balance volume divergence signals something. This shows that buyers are willing to step in here a bit more aggressively than the previous "bottom," as shown by higher OBV despite lower prices - even though OBV has declined overall since its peak. We're also seeing higher OBV in general since 2021, which could signify aggressive accumulation despite continued decline in value. This sort of behavior can be seen throughout the cannabis industry.
ACB is roughly 98-99% down from its all-time high. Not that it could ever get back up there, but I think at least a return to the $6-7 range is possible over the coming months. However, since the downtrend has technically not ended, there is still significant risk of continuation to the downside. Seems worth a speculative gamble though, as per my last stock analysis and being "strategic."
Overall, I'm only down 12% on stocks since I started investing slowly since last year. Not too bad, considering how far down big tech has tumbled. That's probably because I've stayed away from big tech, and been pretty careful about investing too much in weed stocks, at least until prices started to get obscenely low. I also managed to stabilize my portfolio by investing in Uranium ETF's, which helped a bit.
-Victor Cobra
LYTS - Slow Growth/Fast Growth + Strategic InvestingAs I've finally started working full time again, I'm trying to develop an investing strategy that works for me moving forward. Because I've been fairly good with my own trades and finances over the last several years I decided to continue managing my own portfolio for now.
Currently, here is my strategy for investing in companies. It's really just a 3-step process:
1) What is likely to become cheaper and experience innovation in the coming years? Example answer: Energy (innovations in sustainable green energy). Here, I'm pricing in future expectations - say, 10 years from now.
2) As the above becomes cheaper, which industries are likely to improve efficiency and profit margins? Example answer: lighting
3) Research: Which established companies are positioned well in the above industry to take advantage of cheaper resources: Exmaple answer: LSI Industries
The importance here is for me not to invest in things that are likely to get LESS expensive, but invest in companies and industries that are likely to PROFIT from things getting cheaper.
Another example:
1) Weed/psilocybin becomes cheaper + less regulation
2) Companies that use these commodities in products
3) Research mental health services, and wide-ranging companies that USE marijuana, not companies that purely grow it. Example: Aurora Cannabis - 99% down from the highs, and sells indoor cultivation systems in addition to selling cannabis products. Selling cultivation systems is like investing in the shovel.
A bad example (yes, I'm going to trash Bitcoin again):
1) Energy becomes cheaper over time
2) Proof of work cryptocurrencies?
3) No longer unique, no longer hard to acquire. Many 'greener' options flood the market, increasing the supply of cryptocurrencies endlessly. Crypto does NOT have a finite supply because infinitely new cryptocurrencies can be created. As energy becomes cheaper, it becomes cheaper to make new cryptocurrencies. Although Bitcoin supply is low, miners may be able to sell at lower prices once it becomes much cheaper to mine. From the demand side, the market may not be willing to purchase Bitcoin at higher prices, leading me to believe there is a decent chance it never makes a significant new high above $69k.
Now, looking at the chart for LSI industries, I have marked a couple resistance levels and a major support trendline, with major horizontal support around $5. Currently, the asset has been experiencing slow growth, but I think there is a possibility it enters a period of accelerated growth, due to decades of consolidation. Walking around New York City, I've also noticed the importance of lighting, and how it's changed over the last several years.
Let's see what happens! If LYTS breaks below the rising support and particularly the $5 level, the trend could look a little more concerning.
This is meant for speculation and entertainment only! Here I am documenting my own strategy. Let's see if it has any merit.
-Victor Cobra
