EURUSD Head and Shoulders?Weekly Head and Shoulders? Strong bearish close last week on the weekly after bears stepped in from around 1.21500 driving market prices lower. This has created what seems to be a right shoulder with price pushing towards the neckline for the completion of the pattern. High volume and a strong bearish engulfing weekly close last week indicates that sellers have now stepped into the market and we could see a trend reversal play out. How low can we sink?
Swingtrader
GBPUSD Double Top?Weekly timeframe Double Top? Strong rejection to the downside after price, for the second time has failed to break above 1.41200 in recent weeks. A strong bearish engulfing weekly close last week indicates that sellers have now stepped into the market. 1.37000 is the next support level which is also acting as the neckline for a potential double top pattern formation. Could this be the beginning of a trend reversal for the pound? First short targets at around 1.32000 area.
BRITANNIA -Towards 3800 levelsBritannia saw a good move from 3370 levels, moved above its recent high around 3555, and then taking support at it by moving in a range from the past 5 trading sessions.
Now considering the recent price action, it looks like if it sustains 3500 levels, it could move towards 3800 very fast.
This is my personal view on the stock, please feel free to comment what's our view on Britannia.
BABA - 1D candle - Long Above 220$ BABA can interest me for a cute swing.
This stock is a strong company, with good Revenue, future prospects and technological innovations.
China’s e-commerce is testing a critical point in the graph as it reaches its rising trend line, outlined from the start of its IPO.
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Recent News (Fundamental):
* It announces that it will produce robots that will enter the Chinese economy.
* It announces that it will start producing electric trucks.
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The average analysts' rating by "TipRanks" is positive.
With a consensus of 25 buy recommendations right now!
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technical analysis :
Above price 220$ it will prove that it breaks the descending triangle
Under 195 I would less recommend holding it
PT1 - 268.50$ (Conservative)
PT2 - 297-300$
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* For traders who like to measure price levels with Fibonacci, it appears for you in the graph, from the highest price to the price at which the stock is currently
* There is no recommendation, you are big kids, do your research .. I just share with you my trading ideas
* Let me know what you think, your opinion is important to me !
Silver ready for 28.5000?The market recently rallied up and broke 27.00000, a psychological key level.
Last week saw the market pullback correctively and find support above the level.
If buyers remain in control, we expect the market to push higher this week with upwards targets around the 28.00000 zone.
EUR-GBP to Sink lower?Following an impulsive move to the downside last week, EUR-GBP has returned to 0.86250, the previous level of structure which was acting as support before the market broke to the downside.
If the level holds early next week it is possible that sellers may once again step in and attempt to drive the market lower with potential targets to around 0.85250 levels creating new lows.
NZD-CAD at key resistanceFollowing an impulsive move to the downside last week, NZD-CAD has returned to 0.88000, the previous level of structure which was acting as support before the market broke to the downside.
If the level holds early next week it is possible that sellers may once again step in and attempt to drive the market lower with potential targets to around 0.86000 levels creating new lows.
USD/HKD ShortPrice has returned to a previously broken key level, 7.7700 which is now acting as resistance.
Friday closed the week with a bearish engulfing candle on the daily T/F signifying the presence of sellers in the market.
Last time price visited this zone was in April and we saw strong rejection to the downside.
If sellers remain in control we can expect that the market may drop lower to the 7.75500 zone creating new lows.
SUNTV - Bullish H&S pattern - Weekly - Swing tradeThe above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Analysis and trade setup has been shared in the image itself.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas to know how even a beginner can earn money from stock market with help of simple price action.
Feel free to comment or message me regarding this analysis or to know more about chart study and learning price action.
$AEI #stockmarket #live #news #business #trading #stocks #stockAlset EHome International Inc., through its subsidiaries, engages in property development, digital transformation technology, and biohealth activities in the United States, Singapore, Hong Kong, and Australia. The company owns, operates, and manages real estate development projects, as well as lease units; and provides consulting, implementation, and development services related to digital transformation of enterprises. It also focuses on the research, development, and sale of Linebacker, a therapeutic drug platform; Laetose, a functional sugar substitute; and 3F, a multi-use fragrance. The company was formerly known as HF Enterprises Inc. and changed its name to Alset EHome International Inc. in February 2021. Alset EHome International Inc. was founded in 2014 and is headquartered in Bethesda, Maryland. Alset EHome International Inc. is a subsidiary of Hancock Fabrics, Inc.