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Stonks

S&P Continues to RangeThe S&P is trending sideways, maintaining a fairly narrow range between 4122 and 4188. This is perfectly reasonable after such a rally last week. The Kovach OBV has been very strong but has leveled off to reflect the correction. Watch the boundaries of the range for momentum at open. Lack of momentum will suggest that the range will continue. If we break down, 4073 will provide support. We could also see support before then at 4096 from a Fibonacci level. If it breaks out, then 4214 is our next target.
FX:SPX500
by quantguy
2
Another Breakout for Stocks??Stocks have rejected our head and shoulders pattern from yesterday. This is why you wait until the second shoulder has fully formed to trade this pattern. The neckline, 4122, was the make-or-break point, and the S&P ended up getting a lift from this level to retrace almost to highs at 4188. We are seeing some resistance from a collection of relative highs at 4174. We are likely to form a sideways consolidation pattern like a bull flag or bull wedge before breaking out higher. Strong momentum at open could give us new highs, but 4188 will take some juice to pierce through. Watch 4122 for continued support if we retrace.
FX:SPX500Long
by quantguy
The way we are planning to trade TSLAIn this post, we will share all the details of the setup we are waiting for on TSLA. First of all, where this idea come from? (Check the link to related ideas to see the previous post) Here, you can check the main image that brings context to this situation s3.tradingview.com We can see a similar situation going on right now, like what happened in the past. What about the target? s3.tradingview.com We are using Fibo extensions to define the target of the macrostructure. In this case, the first one is around 1050.00 and the 2nd one around 1230.00 What about the setup? We think the structure is ready, and if the price reaches our Greenline, we will open positions with a stop loss on the horizontal red line. The break-Even level is the new ATH, and Targets can be the first and the second one explained before. Expected duration: 1 to 3 months Risk Management: We will be using 1% of our Capital on the stop loss.
NASDAQ:TSLA
by ThinkingAntsOk
1
Head and Shoulders forming in Stocks??Stocks stumbled yesterday, and broke down from our level at 4144. The S&P seems to be forming a new level around 4122, which is providing support at the moment. Observe that we may have a head and shoulders pattern forming, with a right shoulder potentially bounded by 4144, if we can't break through resistance there. If we can, we should be able reach 4188. After such an extended rally stocks were due for a correction and we are likely to at least see a sideways corrective wave before more momentum comes through. Further retracement is also reasonable, especially if our head and shoulders pattern forms. If so, inverse Fibonacci levels anchored about the span of the head shoulders range suggest we could dip to 4081, which is conspicuously close to one of our technical levels at 4073.
FX:SPX500
by quantguy
1
Short term setup on BABA (risky trade)Today we have a quick setup to share on BABA; in the title, we said it is a "Risky Trade" Why? Because the stop is super tight, and the volatility can trigger the setup and then go towards the stop loss in a matter of 4 to 5 candlesticks (even less, you never know) However, with all that said, let's take a look at this idea. a) The price is on a clear support zone, and we can see the next resistance zone at 270.00. That provides us a trading zone from 245 to 270. We want to be able to catch that bullish movement in case it happens. b) As you can see on the previous 2 green arrows, every time the price came from below that level, that support level worked as a lunch pad towards 270.00 c) Can we assume it will happen again? We don't have any clue at all. However, if we have, let's say, a 50% chance on this setup, we are risking 1 dollar to make 3 dollars. And that's a bet I would take 100 times. Even if the real chances are 30%, I will keep taking this setup with a risk/reward ratio of 3. d) Ok, with all that boring statistic explained, let's go to the planning. We will set Stop Limit orders at 245.23 / Our stop loss will be at 237.86 / Break-Even level is the horizontal yellow line (if the price reaches that level, we will move our stop loss to the entry-level (risk-free) / Take profit will be at 267.47 e) How much money will we set on this setup? THIS IS IMPORTANT: The reason most people blow their accounts is that they put at risk whatever "their hearts feel" (this is a bad idea). So, to answer the original question, we will be risking 1% of our Capital. Do you understand that? that means that we will keep having 99% of our Capital to trade if we fail miserably on this trade. Risk Management is critical, REALLY IMPORTANT! f) Finally, if the price does not reach our entry-level and goes below the stop level, we will automatically cancel the setup. And if we have a stop loss, nothing to say, that's part of trading, deal with that. g) EXPECTED TIME OF THE SETUP if everything goes as expected: 1 to 2 weeks Thanks for reading guys! Protect your capital
NYSE:BABA
by ThinkingAntsOk
28
Stocks Finally Dip!!Stocks retraced to exactly the level we predicted yesterday: 4144. We have been warning that they were starting to get overbought, so hopefully no one got caught in a fomo trade. Although we do seem to be getting a fair amount of support at this level, the rally in stocks has left several vacuum zones below so the downside risk is significant. The more aggressive may consider entering a long position at current levels, however if this level does not hold, we have a vacuum zone down to 4073. Even if we retraced to this level, stocks would be long term bullish. The Kovach OBV is still pretty strong, confirming the trend.
FX:SPX500Long
by quantguy
1
Cup & Handle Build-up. How will it goes for Hiap Teck?I've been following this stock for a while since its significant rally. From my analysis, the cup&handle pattern is currently near its completion at 90%. There are few reasons for me in publishing this idea. First, the sector for this company is steel and metal which are currently uptrending in KLSE. It's good choice for an investor to make a long term investment and a trader to make a short term profit. A counter which attractive to both groups are a good sign for its liquidity. Second, the background statistics of its financial which consist of its profits and revenue QoQ and YoY shows that it's strong enough and inevitably attracting many investors and traders who looking for some profits. Thirdly, this stock in a positive side of many indicators. As example, the trend currently above MA50/MA100/MA200 indicates that its generally uptrending. The other indicator is MACD. Even though it's crossed down, note that it's above 0. Shows that weak sell, retracement and probably will rebound in few days. Last indicator supporting this idea is its RSI. Currently at 51.93 which means it's in neutral area and it have more rooms for drastic growth and rally to higher price. As conclusion, this idea is based on my observation, knowledge and analysis. It's a prediction by considering a few factors from its fundamental and technical informations. There are no 100% success rate for every pattern even a pattern of a breakout new time high. However, an investor and a trader which have vast knowledge can manage their movement to maximize profits and minimize risk. Disclaimer: This is not a suggestion for purchase and buy actions. Trade and invest on your own risk. This only a shared idea and knowledge at the best platforms. Thank you
MYX:HIAPTEK
by muhammadaminmustaner
Update 2 : short update for CHZ short termChz have followed the path ive traced pretty much perfecly today i want to address the future of chz in the next few days . With the help of the retracement of fibonnaci and a beautiful pitchfork. We can see that CHZ have pierced the first big resistance and now have pretty much created a new support . Now will it continue it momentum after the bullish flag or will it slow down for a couple of days well both idea are possible to me ! Keep in mind english is not my force ! Heres my two previous idea in the long term !
Long
by rynstick
2
$RIDE Primed A potential break out in the making could push some massive moves! Keep a close eye... for the utmost safety, wait on the earnings call eod today or spin the wheel a Lil early ;). Do you own Due Diligence on what is happening and make a sound decision. My best gains have come from these times in the past, especially on SHOP. Around $180, a short report said Shopify would never surpass $200 about two years ago now. I will hold and add and only exit if we break $9.00 and take my loss with pride! Companies in the USA attempting to make the world a better place are risky currently, but in my opinion, they belong in any growth portfolio for the long haul as this will be the future. Buy the hype train, or buy when everyone else is fearful and taking losses. TSLA, XPEV, NIO, RIDE, and soon Rivian have/are/will be my personal long holds for the EV sector. Gl and best wishes to all!
RLong
by KML6
12
What we are expecting on TSLA before tradingThis is another simple idea, in which we look for a similar situation in the past, and we study how the price evolved from being inside a consolidation to starting a new impulse. In this case, we have a clear scenario starting in February of 2020 with similar proportions in time and %decilene to the current one. Yesterday we had the first attempt at a breakout of the current consolidation. Based on that, we will explain what we are looking for before trading: a) A corrective pattern on the edge or above the last descending trendline of the consolidation. b) The size of the corrective pattern must be similar to the size of the circle (it can take 6 to 7 days to be completed) c) IF that happens, we will develop long setups using the horizontal green and red lines you can see on the chart as our Entry level / Stop level / Take Profit level. Our objective is to develop a setup that can give us a risk-reward ratio of 2 (that means that for every dollar we are risking, we are aiming to make 2 dollars) Thanks for reading!
NASDAQ:TSLA
by ThinkingAntsOk
2
Stocks Still Clinging to Highs!Stocks remain at highs after a brief dip. The extent of the dip seems paltry compared to that of the rally. The open will determine where we will go from here. If we don't see much momentum, we can expect a dip or further ranging at current levels. If we do see momentum we could easily reach our next profit target of 4188. A retracement could take us all the back to 4073, so exercise caution. We are still waiting for a better dip to buy, since now the S&P seems so overbought that entering a trade now would be FOMO.
FX:SPX500Long
by quantguy
Crypto Stonks are the Next Best thing to CryptoVery bullish pattern emerging on this one. After some review of the fundamentals, this company is heavily invested in most aspects of the crypto space making it a great investment for anybody looking to find exposure to the market without taking on major risks based out of ignorance. This stock should do well into 2022. Mike Novogratz is a veteran of the industry. Fibonacci .618 level is giving me a target for $62, and if we continue inside this rising channel then we should see it by early May! HODL that stonk.
TSX:GLXYLong
by WulfAurelia