Best Intraday stocks technical analysis | 19th Dec 2024Technical Analysis of Moving average stocks (19/Dec/2024)
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Snow up up upSpeculative Long Position:
After NYSE:SNOW confirmed support around $108, the chart looks more bullish to me in the short term. We’ve seen a bullish move since the beginning of October, followed by a correction in both price and time. With the recent crossover of the 30- and 50-day SMAs, I anticipate another bullish move ahead.
Still bullish and moving!After my first long trade hit its stop loss today, I opened a second trade at a slightly higher level (see chart image). All bullish indicators are in place—the SMAs are supporting the price movement, and a new local high was recently made, confirming bullish momentum.
I expect this stock to continue rising through the end of the year.
Apollo Tyres, Bearish Reversal with Divergences & Evening StarStock : Apollo Tyres
CMP : 499
Timeframe : Monthly
Pattern : Bearish Reversal with Divergences & Evening Star
Trade Type : Short
Price Action & Technical Analysis
- Bearish Divergence
- MACD Down
- Price is below 5 Moving Average
Target 1 - Rs. 436
Target 2 - Rs. 366
Stoploss - Rs. 520
Disclaimer : "The information provided in this content is for educational purposes only. Please do your own research and consult with a professional financial advisor before making any investment or trading decisions. The author is not responsible for any financial losses incurred as a result of applying the information contained in this material."
JPN225: Continuation idea with explanationToday's focus: JPN225
Pattern – Continuation
Support – 35,860, 35,500
Resistance – 36,215, 36,718
Hi, and thanks for checking out today's update.
We are looking at the JPN225 today, but it's more from an educational standpoint around a continuation pattern that uses the moving averages to help qualify the setup. This setup comes from a system called the Floor Trader Method. Yes, I know floor traders most likely didn't use moving averages. But if you read it, you will see it mainly focuses on price position and retracement shape. The moving averages are there to assist in seeing the trend and qualify.
We have run over some aspects of the method and how it can be seen in today's price setup. We have also run over targets and stop points with both a higher perspective and a lower failed perspective.
It will be interesting to see if the JPN225 can retest its previous resistance and highs and set up a new fast trend.
Good trading.
What is Support & Resistance (S&R)? What Types of S&R?Support & Resistance (S&R) is one of the basic topics that we need to know in trading, whether trading forex, shares or cryptocurrency.
Support & Resistance can show the upper and lower limits of price movement in a certain time.
*) Resistance is the upper limit to limit prices from rising further.
*) Support is the lower limit to limit prices from falling further.
The market moves because of differences in demand and supply.
When demand is greater the price will rise, if the supply is greater the price will move down.
Types of Support & Resistance:
1. Classic S&R
The way to determine S&R in Classic S&R is using previous swing high and swing low as referece (picture no.1)
The advantage of using this method is we can know previous S&R and we can use that as our reference to determine target profit, or stop loss area.
The weakness of using classic S&R is when the price break S&R we don’t know the next S/R
2. Dynamic S&R
The way to determine Dynamic S&R is using moving average. We determine high point & low point when price touch moving average diagonal line. (picture no.2)
4. Harmonic S&R
Harmonic S&R Is useful to determine S&R when price in all time high.
The weakness of Classic S&R is when the price break S&R we don’t know the next S&R, because of that we use Harmonic S&R to analyze the next target profit or loss area.
We use Fibonacci methode (picture no.3) to determine S&R
How we know this is a strong S/R or not?
That is a strong S/R when the price touch the S/R area and the price have a strong movement.
Function of Support & Resistance
Support & Resistance makes us know if this area can be a price target area, so we understand if the price doesn’t always go up or down, so we must to take profit and we have to put a stop loss.
In stock market activity, support & resistance prices indicate certain psychological levels, like:
*) Support is the level where people buy shares at the lowest price and make a profit when the price rises.
*) Resistance is the level where people have bought shares at the highest price and experienced losses because the price fell.
That activity becomes a repeating pattern.
People tend to buy at the support price because they know the price will rise and when the price is almost or already in the resistance area they will sell.
In the Forex market, we can have 2 positions in the same time,
So when the price is at the support we can make a purchase, and when the price is at resistance we can sell the previous position and in the resistance area we can also look for a selling position with a profit target in the previous support area and a stop loss area above the resistance area, because if price breaks through the resistance, price will continue to rise and create a new resistance.
Notes:
1. The source of this writing comes from several ideas that I have read, heard, or experienced personally. So if those of you reading this post & feel this is your idea, Please allow me to share again, because maybe I also learn from you.
2. The topic of Fibonacci and Moving Average will be discussed at another time
Thank You.
28 Sep 2023
nzdjpy in 4hafter valid breakout from pattern and moving average 200 with 3 risk to reward im await for target
good luck
Bitcoin Time to be Cautious with Bearish Signs ShowingHi Guys! This is a Technical Analysis on Bitcoin (BTC) on the 3 Day Timeframe.
We've attempted since April 2023 to try and break ABOVE the Resistance Trend Line
From End of June to Mid July, we attempted to Re-test the Resistance trendline for couple weeks BUT Failed with a REJECTION.
Which brought Price Action to test SUPPORT on the 21 EMA (Purple line), before finally breaking through the 21 EMA and 50 SMA (Green line) with an ENGULFING BEARISH CANDLE.
Bringing us below the 0.786 FIB level.
But pay attention to the Volume, we initially have a spike in VOLUME during the break down but there has not yet been signs of follow through so wtch closely.
2 Major patterns have shown up that makes me CAUTIOUS with BTC atleast for the short term.
If they play out could bring BTC to test the 0.618 FIB level @ $24200
***1st is the fast approaching DEATH CROSS, where the 21 EMA crosses below the 50 SMA.
If you look left ( on your own time) as i have not zoomed out on the chart.
There are MIXED scenarios where some indicate massive bear markets and other times where we have price declines that last only couple months.
I think the later is more likely where we have a correction for some weeks to couple months before having a GOLDEN CROSS and continuing back into a BULL market.
***2nd is the BEARISH DIVERGENCE forming in the charts.
This is when Price action shows HIGHER LOWS but Indicators show LOWER LOWS.
AND that 2 Indicators are showing such signs.
It normally leads PRICE ACTION to mirrow the indicators by also forming a Lower Low.
Thus having the 0.618 FIB level be that LOWER LOW Target.
ALso i would love to see in the Indicators:
1. RSI Move back ABOVE Red Horizontal Line
2. MACD Move back ABOVE 0 level
If we dont, we can see further price DECLINES adding to the risk of seeing that 0.618 FIB Level.
This 2 Bearish Signs merit CAUTION in BTC, i would not take positions here but wait out to see how things play out.
__________________________________________________________________________________
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on BTC in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy
216 Sats in ViewQuick mini update on HBAR / BTC pair:
Broke above a falling wedge on the daily, reached TP 1. Since then it has maintained above the little green support area drawn on the chart, and should be moving up to 216 sats or TP 2 next.
This lines up with the 200 day EMA after getting above the 50 day EMA/MA. 229 sats could also be reached if it hits the 200 day MA
🐂📈EURUSD Breaks Key level, Bulls Take Charge for a rally!The key level of 1.07900 has been decisively broken, and now, we are witnessing a retest of this level. This retracement provides an ideal entry point for traders looking to join the ongoing rally. Market participants who missed out on the initial breakout are likely to seize this opportunity, resulting in increased buying pressure and fueling the continuation of the upward move.
What makes this setup even more compelling is the potential for a short squeeze. As the price surpasses the previous resistance level, sellers who had shorted EURUSD will be compelled to close their positions to limit their losses. This rush to cover shorts can amplify the upward momentum, creating a favorable environment for further price appreciation.
Furthermore, the recent price action has exhibited a notable contraction between 1.07900 and 1.07300, indicating a period of consolidation before the breakout. With the resistance now flipped to support, we can set our sights on a target of 1.08500, capitalizing on the bullish momentum. Taking partial profits around 1.08250 allows for prudent risk management and ensures we secure some gains along the way.
To bolster the bullish case, the moving averages are providing solid support, reinforcing the positive outlook. Placing a tight stop loss just below these moving averages allows for effective risk management while maximizing the risk-to-reward ratio.
Join the bullish charge on EURUSD as the market presents an enticing opportunity for potential gains. Remember to stay disciplined, adapt to changing market conditions, and enjoy the journey towards trading success!
Don't forget to press the like button if you think this insight was helpful🚀📈💰
EUR/CHF - LONG - ANALYSIS + EXPLANATIONThe "EUR/CHF" has been in a downtrend since March – 2021, and it is obvious that we can expect a trend reversal if necessary.
> The EUR is the base currency of the pair and has suffered greatly from the USD (DXY) appreciation.
> The CHF is generally seen as a security, which is why the EUR is losing out to them.
--> Once the USD (DXY) shows signs of corrective behavior, I personally expect a significant upswing.
= What this upswing might look like, I'll let you know in the following lines.
Table of contents
- 1st part = CURRENT STATE
- 2nd part = TARGET ZONE PROPERTIES
- 3rd part = CONCLUSION
PART ONE
Since the end of July until today, a formation has formed, which is also known as the "Head&Shoulders - pattern".
--> This is formed in the EUR/CHF "OVERCOME", which is usually ended with a "Bullish" breakout.
--> The neckline (breakout line) of the pattern, is located at the resistance line (gold-spiked), which has formed since March / 2020.
Thus, it can be concluded that if the pattern breaks out "successfully", we will also break the resistance line.
After the break of this resistance line, the following sequence of events would be possible:
1. SHORT-TERM TARGET = 1.618 FIB -> 0.98977
2. TEST = of the broken resistance -> conversion into support
3. TARGET = TARGET ZONE 1
SECOND PART
"TARGET ZONES" are drawn on the chart, all of which have "concentrated" resistance characteristics.
1. | TARGET ZONE | 0.99718 - 1.00000 | points
RESISTANCE - CHARACTERISTICS
- "MSB" (Market Structure Break) | March/2022 LL.
- "FIB" (Fibonacci) = 0.328s | Created March/2021 - September/2022
- "POI" (Point of interest) = 1.00000 | Psychologically important resistance level
- "MA" (Simple Moving Average) = 8-long | Monthly chart
- "ICHIMOKU CLOUD" = Conversion line | Weekly chart + Baseline | Monthly chart
- "VP" (Volume Profile) = GAP in the zone | Not much volume traded = little resistance.
2. | TARGET ZONE | 1.00879 - 1.01526 | points
RESISTANCE - CHARACTERISTICS
- "MSB" (market structure break) | HL of April/2022
- "FIB" (Fibonacci) = 0.618s + 0.65s | Created = May/2022 - September/2022
- "FIB" (Fibonacci) = 1.618s | Originated = 02/09/2022 - 26/09/2022
- "POI" (Point of interest) = 1.01000 | Psychologically important resistance
- "MA" (Simple Moving Average) = 50-length | weekly chart + 200-length | daily chart
- "ICHIMOKU CLOUD" = no resistance in the HTF (Higher time frame) time levels T / W / M
- "VP" (Volume Profile) = small volume | not much past traded volume = little resistance to the upside .
3. | TARGET ZONE | 1.02391 - 1.02791 | points
RESISTANCE - CHARACTERISTICS
- "RESISTANCE LINE" | Created September/2021 (4x touches).
- "FIB" (Fibonacci) = 0.75s + 0.786s | Created = May/2022 - September/2022
- "POI" (Point of interest) = 1.02500 | Psychologically important resistance level
- "SUPPLY ZONE" = | Monthly chart
- "ICHIMOKU CLOUD" = Cloud resistance | Weekly chart + Conversion line | Monthly chart
- "VP" (Volume Profile) = Strong Volume | Much Past Traded Volume = Major Resistance.
X. | POI ZONE | 1.03736 - 1.03936 | Points
RESISTANCE - CHARACTERISTICS
- "FIB" (Fibonacci) = 0.88s | Originated = May/2022 - September/2022
- "POI" (Point of interest) = 1,04000 | Psychologically important resistance
- "SUPPLY ZONES" = | Daily + Weekly chart
- "VP" (Volume Profile) = Strongest volume | Highest past traded volume concentration = Very large resistance.
- "MA" (Simple Moving Average) = 50-length | monthly chart.
- "ICHIMOKU CLOUD" = no resistance in HTF (Higher time frame) time levels T / W / M
4th | TARGET ZONE | 1.04839 - 1.05398 | points
RESISTANCE PROPERTIES
- "FIB" (Fibonacci) = 0.618s + 0.65s | Created March/2021 - September/2022
- "POI" (Point of interest) = 1.05000 | Psychologically important resistance level
- "MA" (Simple Moving Average) = 100-length | weekly chart + 50-length | monthly chart
- SUPPLY ZONES" = daily + weekly + monthly chart
- "VP" (Volume Profile) = GAP in the zone | Not much past traded volume = little resistance to the upside.
CONCLUSION
You now know what the scenario for "EUR/CHF" could look like.
The following conditions must be met:
- DXY (USD) starts to CORRECT = pressure way fall for the EUR -> EUR more dominant than CHF
- BREAKOUT of the H&S pattern
-> OVERCOME the resistance line + successful back-test
= transformation into a support line.
- DEVELOPMENT of the individual ZONES and their relevant resistance properties.
PS:
+ I have once taken the liberty to draw a possible "course", so you can see how it could run.
+ Many of the indicators described are not visible in the chart, so that a clear view remains.
-> Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
For anyone who would still enjoy the other HTF and want to hide all the "noise" - following the weekly and monthly chart.
$BTC #Bitcoin Quarterly Moving AveragesUnfortunately, despite what I would personally love to believe and what you might believe, we are still very much in a bear market. You can see in this chart that in any bull market, we remained above the 720 Day MA. As of now we have not been able to get back above it. The positive note here is that the lower timeframe MA's have all begun to cross upward, to hopefully move back above the 720D, but until price and the lower timeframe MA's move above it, we will not be in a true bull market and can expect a revisit of the lows. IMO
NFA
DYOR
#AirCoin
Bitcoin Scalping PlanHello friends.
According to following reasons i personally go LONG for BTC/USD :
1 - Reach the Higher Timeframe Valid trendline.
2- shape an Bullish Engulfing pattern on this line.
3-Reach the 27000 support level.
4-Bullish divergence Between Price and RSI.
5-Long distance from 50 , 100 and 200 EMA
So for these reasons i think we can go up till drawn trendline and
price 28200.
Trade R/R is 1:2 and after that we should look after price for next analysis.
Thanks for your supports.
📈 4 Ways To Use The Moving Average📍 What Is a Moving Average (MA)?
In finance, a moving average (MA) is a stock indicator commonly used in technical analysis. The reason for calculating the moving average of a stock is to help smooth out the price data by creating a constantly updated average price.
By calculating the moving average, the impacts of random, short-term fluctuations on the price of a stock over a specified time frame are mitigated. Simple moving averages (SMAs) use a simple arithmetic average of prices over some timespan, while exponential moving averages (EMAs) place greater weight on more recent prices than older ones over the time period.
Common moving average lengths are 10, 20, 50, 100, and 200. These lengths can be applied to any chart time frame (one minute, daily, weekly, etc.), depending on the trader's time horizon. The time frame or length you choose for a moving average, also called the "look back period," can play a big role in how effective it is.
An MA with a short time frame will react much quicker to price changes than an MA with a long look-back period. In the figure below, the 20-day moving average more closely tracks the actual price than the 100-day moving average does.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
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CAH CArdinal Health LONGCardinal Health as a medical supply company does not pay attention
to stock market gyrations and is in a sector that is typically regarded as recession
proof.
The chart one hour shows it cycling from a triple bottom in mid to late MArch into
a good uptrend.
This looks to be a good investment that pays a consistent dividend swing trade
to take until the uptrend reverses.
In the past ten trading days, the call options for 5/19 have well.
AMAT enter LONG ↗Reasons:
above all moving averages
broke the horizontal resistance
bullish seasonality
📊Moving Average(MA): Use Cases📍 What Is a Moving Average (MA)?
A Moving Average (MA) is a popular technical analysis tool used in finance to indicate the stock's average price over a certain time frame. Its purpose is to reduce price volatility by creating a continually updated average price based on the stock's historical data.
The computation of a moving average helps to minimize the influence of unpredictable and short-term price fluctuations on a stock over a designated period. Two types of moving averages are commonly used: simple moving averages (SMAs) that employ a straightforward arithmetic mean of prices over a particular timeframe, and exponential moving averages (EMAs) that prioritize recent prices over older ones by assigning them greater weight.
📍 Simple Moving Average(SMA)
A simple moving average (SMA) is a technical indicator that calculates the average of a range of prices over a specific number of time periods. It can help determine if an asset price will continue or reverse a bull or bear trend. It is an arithmetic moving average, calculated by adding recent prices and dividing by the number of time periods in the calculation. SMAs can be short-term or long-term, with short-term averages responding quickly to price changes and long-term averages being slower. Other types of moving averages include exponential moving averages (EMAs) and weighted moving averages (WMAs).
📍 What Is an Exponential Moving Average (EMA)?
The exponential moving average (EMA) is a moving average (MA) technique that assigns more weight to the most recent data points. It is also known as the exponentially weighted moving average. Compared to a simple moving average (SMA) that gives equal weight to all data points in the period, an EMA reacts more strongly to recent price changes.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
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XAUUSD : Gold SVB Ralley Near to EndOANDA:XAUUSD
Gold is trading in extreme bullish pattern
Gold is rallied more than 1000 pip's in last 1 week
Big reason is downfall of banking sector collapse of SVB and other banks
people shifting money in precious metal like gold
1865 is touching of upper trendline of rising wedge
Rising wedge is a bearish reversal pattern
Gold will target 1920 area and in extension 1890 area this month
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Waiting for a pull-back before ↗Placed a limit buy order in this stock. Let's see how it works out. The reasons can you see on the charts - if I should explain them leave just a comment here. ;)
BTC/USD Weekly Death Cross?Dear Investors and Traders,
Based on my chart, I saw weekly death cross at weekly timeframe. Am I wrong?
Perhaps I wanna wait until 15k or below to entry. I reckon you guys as well.
Critics and comments are super appreciated !
Good luck!
PS: Don’t trade blindly. Please do research at the1st place
AMPG, fresh name in Quant/real 5g space. Watch moving averages$AMPG is a microcap ($24mil) company that reportedly designs, manufactures, and sells components important to the aerospace (sat com), telecom (real 5g), and quantum/AI space. This weekly chart demonstrates price bullishness (double bottom), but limited buy volume. The chart shows how weekly moving averages can suppress or support price action. Price recently has crossed a major resistance barrier by breaking through 50 week SMA, which is now support. However, 200SMA is proving exceptionally resistance, especially without buyers showing up in force.
Fundamentally, things look sound, IMO. Cash on hand, profits increasing. Low outstanding shares about 9mil
NASDAQ:AMPG
*Not financial advice
Cotton prices on the stepping stone?As described here - I see the signs are right for a bullish move in cotton.
$MULN Hourly ChartHolding the 50 day MA on upward trend. 20 day about to cross over 50. MACD crossover.
