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Buyopportunity

Potential Long on Gold- Target at 2010The gold price is currently facing resistance below the HKEX:2 ,000 level due to concerns over a possible US default and bets on a hawkish Fed policy. The recent strength in the dollar is also weighing on the price of gold. However, some analysts believe that downside risks are favored ahead of the Fed policy meeting, and that gold may find support around the HKEX:1 ,980 level. The market is currently waiting for clues from the upcoming Fed meeting on the direction of interest rates, which could have a significant impact on the price of gold. Overall, while the short-term outlook for gold may be uncertain, the precious metal remains an attractive asset for long-term investors looking to diversify their portfolio and hedge against inflation. Summary: - Potential resistance zone: 2006-2012 -Support zone:1976 - If resistance zone is broken, next stop will be at 2030. Catalyst for bull run will be the JOLTS Job opening @ 12 3rd May
OANDA:XAUUSDLong
by DesTroy2020
BTC/USDTLooking at the current macroeconomic landscape, there are several factors that could contribute to a buy setup for Bitcoin. Here are some of the most significant factors: Increasing adoption: Bitcoin adoption has been growing steadily, with more businesses and individuals accepting it as a form of payment. This trend is likely to continue as more people become familiar with the benefits of using cryptocurrency. Institutional investment: Institutional investors are increasingly showing interest in Bitcoin as an asset class, with many investing significant amounts of capital in recent months. This could help to boost demand for Bitcoin and drive up prices. Inflation concerns: Central banks around the world have been printing money at an unprecedented rate to stimulate their economies, which could lead to inflation in the long run. Bitcoin, on the other hand, has a fixed supply cap of 21 million, which makes it a potentially attractive hedge against inflation. Technical analysis: On the daily timeframe, Bitcoin has been in a bullish trend since October 2020. The price has recently retraced from its all-time high of around HKEX:64 ,000 to a support level at around HKEX:50 ,000. This support level has held multiple times in recent months and could provide a potential buying opportunity for traders. Based on these factors, it appears that there could be a buy setup for Bitcoin on the daily timeframe. However, it's important to note that the cryptocurrency market is highly volatile and unpredictable. Traders should always do their own research and consult with a financial advisor before making any trades.
Long
by SKLAX_
AUDUSD Bullish pattern ConfirmedAUDUSD is having bullish confirmation after having HP-HT-HP-HT in 4H timeframe. Therefore, I am not suggesting you try doing counter trading by opening selling/short position. I am seeing AUDUSD might have short term pullback to the 0.673 (which can be good area to open buy/long position) before continue reaching 0.68325 (1.618 Fibonacci retracement). Given that the ISM number is lower than expected, it moves DXY index lower which power up bullish movement for AUDUSD. We should be a bit cautious regarding the rate decision and important news in the coming days. Happy profit!
Long
by MekarTrading
BEPRO BUY Max Target 4 MonthsI believe BEPRO will skyrocket current targets are shown in chart. If we look at previous BEPRO before it broke to the upside.. it made a sharp wick to the upside and rejected on the 0.382 fib before consolidating around that area and skyrocketing to the 4.618 fib on the logscale. Questions/Analysis - But BEPRO marketcap was completely different back then and TOKENOMICS are different (Yes I agree BEPRO ATH were different back then but given the previous marketcap brings us back to a current price of $0.014) although marketcap was different back then BEPRO was heavily building in the bear market barely getting any engagement until just recently when price increased and retraced. All it took BEPRO back then was 4-6 weeks are we able to see the same.. I believe so I have given time dates as well the top for BEPRO should be around June-19th to July-4th
Long
by workwithmatthewsamuel
2
GME Headed for Double Bottom Reversal as Market SlidesRegardless of what /r/Superstonk says, GME is headed for a Technical Double Bottom, which will lead to a "go-up". There's a bunch of other factors (go read what Superstonk has to say) that are probably going to make this stock rocket, but technically it should go up at this point. We may see it play up to nearly 30$ by the end of May. At this price point of about 15, you can double your money in two months. Keep an eye on it. I personally just bought in I'm so confident.
NYSE:GMELong
by tankingtomawar
Are you buying the dip? - Follow up of previous post-correctionApologies, the previous post was incomplete. Check my previous post below. Trade didn't work as expected but for me it means another opportunity. I didn't close it out as I posted back then (I know, I probably should have) but something was telling me that this particular stock may come back. Price has fallen onto the strong support. The bottom chart ( daily timeframe ) shows that that the support is holding nicely and is very likely to see a bounce off in the upcoming days. You can open a long position here (I'm already long in negative territory waiting for a come back), risk reward is good.
NYSE:GEOLong
by ArturoL
4
Are you buying the dip? - Follow up of previous postCheck my previous post below. Trade didn't work as expected but for me it means another opportunity. I didn't close it out as I posted back then (I know, I probably should have) but something was telling me that this particular stock may came back. Price has fallen onto the strong support. The bottom chart (daily timeframe) shows that that the support is holding nicely and is very likely to see a bounce off in the upcoming days. You can open a long position here (I'm already long in negative territory waiting for a come back), risk reward is good.
NYSE:GEOLong
by ArturoL
1
NASDAQ Trading Alert: Technical Setup and NFP Impact AnalysisAs we approach the upcoming non-farm payroll (NFP) report this Friday, there is a setup on the NASDAQ that's worth noting. However, I won't be taking any trades at the moment due to the potential impact of the NFP report on the market. Nonetheless, I'll still provide some technical insights to keep you informed. It's worth keeping in mind that if the NFP beats expectations, this could potentially send the NASDAQ back to the downside. With that said, let's take a closer look at the technical side of things. Recently, the NASDAQ has broken a higher time frame trendline and created a continuation pattern. If we see clear price action and a reclamation of our "Key Zone," there may be an opportunity for more upside. However, it's essential to exercise caution as this is a risky setup. It's important to manage any trades carefully, especially given the potential market impact of the NFP report. By doing so, traders can mitigate potential losses and take advantage of any potential gains. So, good luck traders and stay vigilant! We hope this analysis helps you make informed decisions in your trading activities.
ULong
by natron
$NDSN is coming up on the right side of its base!Notes: * Strong up trend on the higher time frames * Strong earnings track record * Basing for the past ~15 months * Increasing volume on the monthly and weekly charts * Currently breaking out, with volume, of a long germ pivot of 242.64 on the weekly chart * On the daily chart it broke out, and retested that pivot as support while also pulling back to its 20EMA * Has been seeing more accumulation recently, indicating institutional demand Technicals: * Sector: Industrials - Specialty Industrial Machinery * Relative Strength vs. Sector: 1.41 * Relative Strength vs. SP500: 1.09 * U/D Ratio: 1.24 * Base Depth: 37.2% * Distance from breakout buy point: -7.93% * Volume -60.53% below its 15 day avg. Trade Idea: * You can enter now as the price is bouncing off of it's long term pivot of $242.64 and also its 20EMA * If you want you can place an order around the $242.64 area as well as it may retest it as support since the volume is low on the daily chart. * Statistically, this stock may go 22.14% higher from here. Of course that won't be immediately but, looking at its history it could push higher using it's 20EMA as a dynamic level of support and get there.
NASDAQ:NDSNLong
by HaseebKhan_90