Can $ESAB go higher from here?Notes:
* Moving up on the right side of its IPO base
* Good earnings
* Breaking out of an ascending triangle with higher than average volume
* Has a 50 day UD ratio of 2.26 and a 15 day UD ratio of 5.27; indicating that there's been a ton more buying short term
* Has a solid relative strength in the sector and against the SP500
* Showing an early entry relative to its 50 day line
* Printed a pocket pivot, indicating institutional demand
Technicals:
Sector: Industrials - Metal Fabrication
Relative Strength vs. Sector: 2.87
Relative Strength vs. SP500: 14.88
U/D Volume Ratio: 2.26
15 Day U/D Volume Ratio: 5.27
Base Depth: 77.73%
Distance from breakout buy point: -16.17%
Volume 21.39% above its 15 day avg.
Trade Idea:
* Now's a great time to jump in as it's close to its 50 day line, printed a pocket pivot and breaking out of its ascending triangle
* If you're looking for a better entry you may look around the 48.1 area as it may retest that level for support
Some resistances to keep in mind are $49.2 and $51.3. There may be sellers in these areas.
Resistancebroken
MANAUSD 'D' - Sitting on a Cliff Edge!MANAUSD is looking a little precarious right now, it's just broken below a recent (and historic) level of support with not much in the way of resistance until a healthy 20% drop has taken place. Not to worry, Crypto Tipster v2 is offering us a Short signal, profits to be made on market swings in either direction!
We'd set a reasonably tight Stop on this Short trade, with a take profit somewhere between the 15-25% mark depending on your attitude to risk/reward.
Is $CLFD ready to start coming up on the right side of its base?Notes:
* Strong up trend on all time frames
* Great earnings in the recent years
* Basing for about 9 weeks
* Starting o come up on the right side of its base with volume
* Created a launch pad with the 10,20 and 50 EMAs
Technicals:
Sector: Technology - Communication Equipment
Relative Strength vs. Sector: 4.11
Relative Strength vs. SP500: 6.57
U/D Ratio: 1.24
Base Depth: 43.31%
Distance from breakout buy point: -18.43%
Volume 0.44% above its 15 day avg.
Trade Idea:
* You can enter now as it's just coming off of the launch pad with volume
* It's also breaking above a clear resistance area of ~105.4
* If you're unsure at the moment you can wait for a retest of the the ~106 area as support before jumping in.
$BAH is breaking out of a ~21 month long base! Can it go higher?Notes:
* Strong up trend on the higher time frames
* Great earnings track record
* Broke out of a ~21 month long base
* Higher than average weekly volume and coming off from its 10 week line
* Also breaking out of a smaller consolidation of ~12 weeks
* Gaped up a couple of days ago and is now coiling
* Broke historical resistance around the $97 area
Technicals:
Sector: Industrials - Consulting Services
Relative Strength vs. Sector: 3.15
Relative Strength vs. SP500: 2.07
U/D Ratio: 1.37
Base Depth: 7.78%
Distance from breakout buy point: 0.23%
Volume 55.27% above its 15 day avg.
Trade Idea:
* Now's a great time to buy since the price is just breaking out and is close to the break point
* If you're looking for a better entry you may look for one around the ~97.85 area as that should hold as support
EURUSD ! Trading above at strong resistance, short trade idea EURUSD broke the 0.98320 resistance level, now eurusd currently trading above strong resistance line. As I see it, buying pressure is weak, maybe EURUSD can fall above this level. If EURUSD can't get support at 0.98320, continue to 0.95 level.
Long for Maximum 40 pointsHello Traders,
I was trying to analyze this stock. Actually i need to share it when the "Bat Pattern" completed but i miss the point. It already achieved Level 'B' . So we are expecting it will going upside till the Final Target.
Whatever Target i mention here it on the basis of Fibonacci , Trend-lines , an Harmonic.
Stop loss at 100
1st Target -->130
2nd Target -->140
Final Target -->150
I hope my prediction will get success......
Regard
ChandR
SOLUSDT is testing the resistanceThe price is testing the 4h resistance after a clear breakout from the 32.5$ area.
Now the market is creating a pennant below the resistance.
How to approach it?
IF the price is going to lose the support and the pennant, and retest the support as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
A clear bullish view on SAILhey guys ,
SAIL stock was moving in a fixed downtrend
and now it has crossed it's resistance,
and shown a great bullish candle
also 20 day ema is above 50 day ema
fundamentals of this stock are also good ,
therefore, it's showing bullish signals
you can bet on this stock and earn great returns
but be careful about global situation
i.e rising interest rate due to INFLATION
Can $ADM hold support and move higher from here?Notes:
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Basing for the past ~6 months
* Coming up on the right side of its base
* Recently broke back above a key level around ~$87.2 and has been holding this level as support with higher than average volume
* Printed an inside day with higher than average volume
* Bouncing off of its 20EMA
Technicals:
Sector: Consumer Defensive - Farm Products
Relative Strength vs. Sector: 2.78
Relative Strength vs. SP500: 1.55
U/D Ratio: 1.81
Base Depth: 37.27%
Distance from breakout buy point: -10.61%
Volume 22.31% above its 15 day avg.
Trade Idea:
* You can enter now as the price is bouncing off of its 20EMA and a key support level around $87.2
* If you want a better entry you can look to enter around $87.2 or if it pulls back closer to the 20EMA
* This stock usually has local tops when the price closes around 12.92% above its 50 EMA
* Consider selling into strength if the price closes 12.72% to 13.12% (or higher) above its 50 EMA
* The last closing price is 4.89% away from its 50 EMA