Ravi2409

Ravi2409 Updated  Jan 11, 2022

This one to me looks great on multiple timeframes with technical's and price indicating evidence of bottoming with another move higher. Short term conditions - Long term conditions - My stop is 1 ATR below the .618 level and target is 2.20which represents a very good risk to reward ratio of 1:5 at current levels.

Ravi2409 Updated  Nov 17, 2021

Simple 4 Bar Setup on the daily chart after a correction, with momentum ticking back up. Fundamentals also seem bullish for this stock with demand for battery materials staying elevated I don't see why NVX couldn't break out to new highs as FOMO runs rampant. Not financial advice just showing a good setup in my opinion.

Ravi2409 Nov 12, 2021

Inverse Head and shoulders breakout, typically a strong bottoming pattern as seen with the overall market a couple weeks ago which too remains strong. FB has broken out through the neckline with a Fast MA Crossover indicating the correction may be over, a good risk reward presents itself here 1:4 if it were to break and close back below the neckline the trade...

Ravi2409 Updated  Jun 3, 2021

Long trade opportunity as price is at a level with a confluence of supporting factors (Trend Line, Horizontal Support & 200MA) Indicators and recent price action suggesting a potential bottom being formed (details outline in the chart).

Ravi2409 May 26, 2021

This is a weekly timeframe trade setup - Looking for an entry signal at around 5.50 (in the form of a bullish candlestick pattern) as this is likely to be a strong support level, I will look to take profit on half my position at around 6.50 and then hold the rest of my position to see if it breaks even higher as this is a longer term trade setup. Stop loss is 1...

Ravi2409 Updated  May 26, 2021

Lets see if Bega can breakout and successfully retest the crucial 5.50 resistance level and establish a long term uptrend to retest the all time high's, would be a nice ride to take. It has been outperforming the market this week in particular which suggests that their might be strength to this move despite a sell off in the market. Only my opinion

Ravi2409 May 17, 2021

ADH has presented a good trade setup, price has recently broken out of a key level and has now come back to retest this level, broken resistance commonly acts as support, which makes it a textbook trade setup to the long side. if we get a strong close today, that would be a buy signal for me with a stop loss 1 ATR below recent lows, plenty of upside potential as...

Ravi2409 Apr 26, 2021

Wouldn't be surprised if we see a bounce here as price has fallen back to what I have identified and consider as a major support level, it's a confluence of a former breakout area, as well as a .618 retracement of a recent move... so looking for a buy signal at current levels for confirmation, e.g. engulfing candle or hammer candle for entry.

Ravi2409 Mar 10, 2021

Setup pretty much speaks for itself but the trade idea is from a technical standing- price has come back into an area of value (Trendline Support) and we have an entry signal from today's daily close printing a bullish engulfing candle, for me this is a valid place to go long at the next session open. This setup provides us with a 3:1 risk reward ratio which...

Ravi2409 Oct 7, 2020

Looking good, waiting for a successful retest of the breakout area before entering a long

Ravi2409 Updated  Sep 11, 2020

One to put on a watchlist for now is Vocus as it appears to be breaking out of a massive wedge pattern, for me there are two important levels to watch to confirm the strength and validity of a new potential long term trend - the 3.80 level, a breakout and retest of this level would be a long entry for me, taking half profit at 4.90 and let the rest run. If you...

Ravi2409 Aug 28, 2020

Here is one to watch, has broken out of a wide consolidation period, I will be interested in picking some up if it successfully retests the breakout level $7.40

Ravi2409 Aug 9, 2020

So the last 3 months we have stalled around and up to 6150 it's obviously an important area but it's actually a VERY important area, the reason why we've had such a hard time getting through is not only due to the .618 Fib level but also we have a convergence of the 200 day MA and the 200 week MA, hence why we have stalled from a technical viewpoint, the outcome...

Ravi2409 Aug 9, 2020

Broken out of a nice consolidation below the key level of $3, on the hourly it has retested the broken resistance so now I'm watching for a sign of continuation of the move higher before an entry.

Ravi2409 Jul 31, 2020

standard head and shoulders short set up with a break of the neckline, should be some strong support down at 2.20 so a good short term target is 2.25 MACD sell signal also on the daily being signaled.

Ravi2409 Updated  Jul 23, 2020

Here is a buy setup in LNK we have a bullish falling wedge which price has broken out of, also broken above the 20MA on daily timeframe and MACD signalling an entry my profit target is 4.75 stop loss would be a daily close below the 20 MA

Ravi2409 Updated  Jun 17, 2020

Price made an attempt to break out of the long term down trend but was rejected off of the down trendline back down to support at 0.49 with heavy volume, if the support at current levels breaks there could be a retest of March lows and perhaps lower lows. A short entry at 0.43 could be a valid entry point, one to watch for the meantime.

Ravi2409 Updated  May 21, 2020

Bullish continuation pattern I'll watch for clear breakout before entering, small position as it's very volatile.