Stock is in RADAR since previous year but the stock consolidated for a long period and now breakout happen. Script supported by huge volumes opened Gap up bouncing from demand zone now trading at major supply area (rejection zone) around 2660. Keep watch for sustained momentum to give new highs. 1. Price Consolidate since 2021. 2. In Weekly and Daily Time frame, breakout looks solid and we can expect good returns in long term. Chart is self explanatory. Weekly time Frame - https://www.tradingview.com/x/ZL1SgM8q/ Daily time Frame - https://www.tradingview.com/x/k927nqKA/
Very boring to see range-bound usdcad. Let pick-up a little grain from the ground. But Pending order please.
This is a 1-hour candlestick chart of XAU/USD (Gold Spot against the US Dollar), showing technical analysis: 1. Uptrend Channel: The yellow channel indicates an upward price trend. The price consistently bounced between the upper and lower boundaries of this channel. 2. Breakout and Support: The price has broken out of the channel, forming a new area of support near 2,675. This level is marked by a blue horizontal line. 3. Target Zone: A potential bearish scenario is highlighted, where the price could drop to the "Target Zone" near 2,650. This area is represented by a horizontal blue line at the bottom. 4. Predicted Price Movement: The white zigzag lines depict possible price movements: A short-term rally testing the upper resistance near 2,680-2,690. A subsequent downward movement back to the support or the target zone at 2,650. 5. Analysis Context: Traders are monitoring the resistance level for rejection or a further breakout. A break below the blue support line could lead to further selling pressure toward the 2,650 target zone. This chart likely reflects a near-term bearish bias following the break from the ascending channel.
Earlier target of 1740 reached. This is an update. If pepe does not breach 19, it will deep further into 13. Hopefully not lower.
Look for break out above wedge. Use $16.11 as support or Stop Loss. Can also set stop loss under $16 If risk appetite is there. Good luck!
After a sharpe decline the NYSE:EW stock rebounded and now it seems to be ready for a new bull run. Actually the P&F chart reversed bullish in august, and after one month of trading range it gave another strong buy signal in october, with the quadruple-top at 73. At the current price of 74 the stock is retracing from the near term high at 76 and given the price target at 92 and the stop loss at 64 it is still possible to entry long for a nice risk/reward trade. Looking at the fundamentals , EW achieved fantastic operating results in the last years and is a leader in his sector. With adjusted EPS at $2,45 the stock is roughly trading at a P/E of 30, which is high but in line with the high valuation given historically by the market.
Taking a deep dive into the technical structure of GBPUSD, one can deduce the prolonged fall in price over a period of time now. Currently, price trades at a crucial point where we’d experience a high volatility due to the present market conditions coupled with the upcoming Economic reports like NFP news that’s set to be released tomorrow. It’s important we approach the market with utmost caution as we may possible see price plummet lower to 1.20227
In our recent analysis of AVN stock, we have identified a prevailing bearish trend that suggests a strategic pivot towards short selling. The current market conditions indicate that the stock is poised for further declines, making it an opportune moment for traders to consider short positions. Key indicators suggest that AVN's price may continue to drift lower, reinforcing the idea of a potential downtrend. Our analysis has determined a target price level where we believe the stock could reach its lowest point in this cycle. This provides a clear framework for risk management and profit-taking for those engaging in short buying. Given the negative sentiment surrounding AVN and external factors impacting its performance, we recommend closely monitoring market developments while positioning oneself to capitalize on anticipated price movements. As always, prudent risk management strategies should be employed when trading in bearish conditions. Overall, with careful consideration and strategic execution, there are promising opportunities within the current landscape of AVN stock for savvy investors looking to navigate this bearish phase effectively.
BTC entered this range again. I think it's an extremely important range, if we break out downwards it could continue dumping for a while. If the bulls win again I expect we can climb further to higher highs. What do you think?
https://www.tradingview.com/x/m0M246G0/ My dear subscribers, GOLD looks like it will make a good move, and here are the details: The market is trading on 2673.9 pivot level. Bias - Bearish My Stop Loss - 2693.3 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2643.0 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK