Rescue the LufthansaAn important support level has been reached here at 7€! In March of 2003, this support zone was set up and it was tested 2009 and 2012. The next zone is at near 3€ below form here. So this zone could be a good buying opportunity in the long term however this extreme time period could manifest more lows.
This is a high-risk bottom finder opportunity. We will see it.
Bottomfinder
The 4 Major Airlines - OpinionsAll,
Most of my opinions are in the text. Just think Delta is actually the most capable to take off without running into trouble right off the bat. Not saying they are the best company by any means. I am just waiting until I actually hear one of the airlines come up with a plan or have a decent earnings. I would pay attention to the airline with the best operational cash flow. Meaning their earnings might be bad, but they still had net operational cash flow to keep them alive.
WANTED - Historical low First of all, I don't think that we have seen the low in this stock, but I expect this company won't be bankrupt. So I'm waiting for a good buying chance. I won't get all-in in the falling knives, I am not a bottom finder speculator so I will buy 2 or 3 situations to create a good average price in addition that, I will diversify in lots of stocks by building up a portfolio.
The German transportation company is getting interesting.
Somewhere the two support zone(Historical lows) could hold up the Lufthansa, and from these levels, there is a possibility to triple or double itself.
After finding the low I expect to break upward the falling trend channel and the I try to buy. It would be good strengthen signs if there will be a MACD or an RSI divergence beside that the average volume falling.
Now I am waiting patiently.
SPX Final Support: 200 WMAChart says all. Has been support in 2015/16 and 2018. WIll it hold again? I hope so; I'm going long here. 2054 is just 90 pips below now, IMO might see it this week.
We do have a Bearish engulfing candle on 3/11, ominous for lower... but price forms a descending wedge, pop could come anytime now IMO.
The selloff was so rapid and intense, the buyback will be a vertical recovery IMO.
Not advice; trade at your own risk, GLTA!
AUD/USD Long - Long-TermWe are approaching a very high-value area, with structure lows to take a long-term trade here.
I do think we may push lower before this big move, I am watching for a clear pattern to indicate this, before getting in on the long. There will be lots and lots of opportunities along the way so be patient.
$AMC Is An Attractive Risk/Reward OpportunityWe are finally seeing some improvement in the technical picture for $AMC. At $7, $AMC presents an attractive risk/reward play. We would buy $AMC and risk to new lows below $6.25 a share. With 56% of the float short, we will get a big short squeeze if $AMC starts running. $AMC reports earnings on February 27th, so keep that in mind.
AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets. The company was founded in 1920 and is headquartered in Leawood, Kansas. AMC Entertainment Holdings, Inc. is a subsidiary of Dalian Wanda Group Co., Ltd.
As always, trade with caution and use protective stops.
Good luck to all!
Bitcoin BTCUSD Bullish Hammer - Bottom of a downtrend. How2TradeFor Bitcoin, currently, when we look at the BTCUSD price on a weekly chart, we can see that on the week of 16th December 2019 Bitcoin price action put in a Hammer on the weekly close.
How to recognise a Hammer?
A preceding downtrend,
It looks like a square lollipop with a long stick,
Has a tiny body,
Has no or little upper shadow,
The lower shadow is at least twice of the length of the real body.
Whats the psychology behind the Hammer?
It tells us that the Bulls are strong enough to conquer the Bears who once dragged the price so low.
How do we trade the Hammer?
Look for the hammer at the bottom of a downtrend.
(this was already confirmed seen BTCUSD 16th Dec 2019 Weekly Chart)
Wait for the next candle to close above the high of the Hammer to confirm existence of bullish force.
(this was already confirmed seen BTCUSD 06th Jan 2020 Weekly Chart)
Look for going long opportunities upon confirmation as the potential turn of the trend to Up-Trending dominance, with stops placed below the low of the Hammer.
(current candle BTCUSD 13th Jan 2020 Weekly Chart)
As a Day Trader, I will be looking for going long opportunities upon the possibility of a daily close candle above the Macro, major resistance trend-line level of around 8100BTCUSD- within the next 2 day’s.
I will also be watching for any Break-downwards signals and/or a continuation of the Ranging Trend. COINBASE:BTCUSD
$MNK possible Bottom, room to fly$MNK Buy setup
Swing trade - NYSE:MNK has shown signs of seller exhaustion, and according
to the indicator there is a divergence on the 4H chart.
I believe that we braking $4.15 barrier, bulls will have free room
to achieve 100% target at $8
Buy limit - $4.15
Stop 3.40
TP 5.10
TP 7.90
other choice
Buy market at 3.85
Stop 3.30
TP 5.10
TP 7.90
the indicators I am using are made by me and are totally FREE:
Supertrend VWAP and support-resistanfce levels:
MFICCI OBV MACD combined:
Gold to fall further looking for bottom between 1383 and 1455Looks like my most bearish scenario has played out, or my longterm most bullish scenario. Of course we technically haven't closed below 1483 so we could still reverse but this is unlikely. I am looking for bottom it the July trading range. Ultimately, this will be a great buying opportunity because I still stand by my Gold to 5k in next decade. For those who don't own any an objective entry will be coming, and for those who own Gold this is a good buying opportunity to add to your positions.
The Worst Looks To Be Over For $HOMEShares of $HOME have gotten hammered due to the Trump China trade war.
Tariff and inventory headwinds have hit At Home this year, with shares peeling off about 70% over the last 90 days.
We see the stock as a speculative value play more than anything and a possible takeover candidate.
$HOME is trading at just 10x earnings and 0.52x book value.
At Home Group Inc. operates home decor superstores in the United States. The company’s stores offer home furnishings, including accent furniture, furniture, mirrors, patio cushions, rugs, and wall art; and accent décor, such as artificial flowers and trees, bath, bedding, candles, garden and outdoor décor, holiday accessories, home organization, pillows, pottery, vases, and window treatments. As of August 21, 2019, it operated 205 stores in 39 states. The company was founded in 1979 and is headquartered in Plano, Texas.
As always, use protective stops and good luck to all!
$WTRH Attractive Risk/Reward Play$WTRH is seeing significant insider buying off the lows.
Waitr Holdings (NASDAQ:WTRH) has moved up 12.3% after hours after a pair of insider buys anchored by billionaire Tilman Fertitta.
Fertitta (a director) disclosed purchases aggregating to 1M shares: 275,000 at average price of $1.437, 450,000 at $1.429 and 275,000 more at $1.41. That makes up his beneficial direct ownership; he also holds 4M shares indirectly through Fertitta Entertainment.
President Joseph Stough bought 45,000 shares at an average price of $1.473. That leaves him with direct beneficial ownership of 902,711 shares.
About Waitr:
Founded in 2013 and based in Lake Charles, Louisiana, Waitr is a leader in on-demand food ordering and delivery. Waitr, along with recently acquired food delivery company Bite Squad, connect local restaurants to hungry diners in underserved U.S. markets. Together they are the most convenient way to discover, order and receive great food from the best local restaurants and national chains. As of March 31, 2019, Waitr operated in small and medium sized markets in the United States across approximately 700 cities.
As always, use protective stops and trade with caution.
Good luck to all!
Civic Showing Healthy Movement.The bottom is speculative on this one as we en-trope on entering new lows.
Holding 5 cent levels strong ATM which will act as an even stronger support on its way back up.
NOT AN EXPERT DISCLAIMER.
The Civic team has been performing well as of Q1 2019 could see an overall turn around by 2021
Speculative at this point.
Keep in mind this asset has been continually dumping since ATH of 2017.
If you browse the ideas for CVC you will see a graveyard with TA, of "guaranteed gains" "easy money" with severe crashes instead.
As always DYOR and Good Luck.
#bitcoin - Attacking Weekly Pivot "H1"A very important hurdle for the potential reversal. Today, the Weekly Pivot and the Daily R1 are presenting a big hurdle for Bitcoin to overcome. On the One-Hour, we see slightly rising volume, higher highs, and higher lows, two broken trendlines and new Support. If we manage to bypass the W-P, thinking how an Adam and Eve is "working", I would not expect a mega jump rather a slow steady rise probably until $11k until we will greet another important resistance.
All this is crucial for the long-term growth of Bitcoin, if this is working out we might manage to avoid a long period of a side-trend.
$8k remains bearish medium-target.
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Warm regards,
Neru
July 4th Action & CME Gaps to Fill July 4th Action & CME Gaps to Fill
Just a few quick thoughts about our current situation... as always not financial advice, DYOR, etc!
I think the chart write up mostly speaks for itself. Still a few CME gaps to close one above us @ 11,500-12000. I suspect we may end up in this area tomorrow.
Then on the 4th of July when CME is close we gap down. There are a few gaps below us the first one at 8500-8900, which I think we will test. Then there is another at 7200-7450 that was only partially filled.
There is a scalp long opportunity available for the near term followed by a contraction afterwards.
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Bitcoin bottom targets of $8500~$7500Thanks to Eric Crown at Krown's crypto cave for pointing out this RMI+EMA control zone on monthly during last 2015. This is still appearing to be a healthy monthly and weekly consolidation.
You can see in 2015 we actually rose more (411%) than 2019 (349%) from the trough to peak of bear market recovery before the monthly RSI his the bullish control green zone and then retraced back towards the EMA.
In 2015 this pullback contracted 42% in the next two months while now if we contract 42% that would put us at $8k, right in between the $8500 major support (39% correction) and $7500 (46.7%) correction targets during this very HEALTHY consolidation of a parabolic move up.
I will be looking for long entries at $8500 as there is no reason it must go to retest the monthly low candle of $7443. IT SEEMS HARD TO FIND A REASON TO BELIEVE WE WILL SEE EVEN A WICK TO OR BELOW $7443.
This could all play out in a couple weeks as well and off to the races... this time could be very different in terms of time and volatility.
THIS IS NOT INVESTMENT ADVICE - DO YUOUR OWN RESEARCH AND TRADE ACCORDING TO YOUR INVESTMENT OBJECTIVES AND STYLE.
EOS/USD "Double bottom"
EOS is in the process of forming the reversal pattern “Double bottom”, also on the ris we see a bullish diverter, on the whole level 5.7 is a powerful support, and in case of a breakdown we will see 0.5 total growth of $ 4.9
Growth goals are understood, the first is resistance at $ 6.34, and then 0.618 Fib 6.89. The volumes on bearish candlesticks closer to the support level are elevated, the bulls do not want to pass the level, and will fight.
Paired to the cue ball, we also came to the support zone, however, we haven’t yet seen a bright bullish reaction, we are hanging over the precipice, and perhaps we will see a false breakdown like it was on LTC. In any case, the situation in the EOS / BTC pair allows us to work out a double bottom.
In general, the situation with altas is a little good, in the light of the last decline of bati, they didn’t turn red so much, and some paired up with BTC even grew, the Bitcoin domination chart shows bearish diverters and reversal candlestick patterns.