AMD bounced off weekly wedge support and is nearing November's wedge resistance. Looking for a break above the resistance to target $148.63 - $151.39.
Gold has been stuck in range. Although daily printed a red candle the day before yesterday, it didn't come with a significant down fall. When things are not clear, i will look at Silver for direction. Clearly, silver has completed a full Elliot wave in 2D TF. It is now in strong bullish region. For gold in 2D TF, it just printed a red candle, price could drop to 2420 again and bounce from there. However, if 2420 is broken, it turns into bear again.
C'mon, look at that chart. It's the chart equivalent of a cute puppy. How could you not love it? It has a little something for everyone. The chartists will love how the close today sits right at the confluence of both recent support and the trend line. It's not volatile, it's beautiful. And for me, it's only given a buy signal 12 times in the last year before today (because it doesn't correct hardly ever). Unsurprisingly, all 12 have been profitable. In that time, the average gain has been 1.27% and the average holding period was LESS THAN 2 DAYS (the LONGEST trade in the last 12 months lasted 7 trading days - but it was also the biggest win). That works out to a stellar .66% per day held this year - about 15x better than the S&P 500 average daily return. Over a longer time frame, I have a ranking system that factors in gain per day held, total number of trades (sample size), largest drawdown (based on how I trade) and average number of days held per trade. Out of roughly 750 stocks with market caps above 10B, it has the 4th best composite score. It is both very profitable, very safe, and produces quick returns, historically. For comparison, the only stock I've posted on here as a trade idea that has a better lifetime composite score than VIE:FISV is $MSFT. That's some pretty good company when you think about how well NASDAQ:MSFT has done over its lifetime. So obviously, I went long today at the close. Per my usual strategy, I'll add at the close on any day it is still rated a 'buy" by my algo, and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
METIS is working its way up to $113 a monthly level in confluency with fibonacci extensions levels and huge momentum in favor of more upside. The monthly timeframe suggest a continuation for the next months.
Today NASDAQ:COST broke out of its ascending triangle, I personally bought swings. I expect a continuation targeting the $992.64.
This will pump, like everything else currently, but ones with clear bullish formations pump harder. RSI took a sharp upward turn indicating that buying has elevated. Im sure this will take off faster than the girl you brought home Saturday night! lol
Shopify has been consolidating post-earnings, now it has formed a descending triangle. Watching for a breakout above resistance to target $113.57–$116.25 Or a breakdown below 'demand zone' to target $109.02–$107.18 (gap fill).
So market is now stuck between range of 180 Pips we have to wait for to break the range so we have the clear way for long or short remember always use multiple lots in the given zone We have the target of 90 Pips for long and 120 Pips for short BEST OF LUCK TRADERS
XDB can go and hit cents , that is a 120x from current price action. Anything is possible . During bull run everything pumps.
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