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Triplebottom

LUV Weekly Chart Showing Heavy DemandSouthwest Airlines has been going through some turbulence with recent flight rearrangement issues, but for the most part has smoothened out all issues regarding flights. Air Travel Demand is still thriving and growing exponentially, respectively. Southwest is a leader among a few others in Airline Stocks as they have High-Quality Management & Great Financial Strategy (e.g. Fuel hedging) The stock has performed quite poorly since its post-COVID peak of $65 and has retreated nearly 50% while remaining a sound financial base. Southwest has been hovering around this major demand zone at the $30 area. As highlighted in green, this demand zone has repeatedly pushed LUV back up higher, and on this weekly chart, we can see a triple bottom starting to push back higher from this $31 level. This weekly chart prevails a strong Risk/Reward towards Southwest as a swing-trade or LT investment. Southwest has remained a fundamentally strong & sound company as they are the first American Airline Co. to reinstate their dividend. EPS projections are very optimistic for the next several years as demand increases & costs decrease. It would also be likely to see a rotation into the travel / Airlines sector as it has been quite low and non-volatile thru the past half year. Recent PT cuts lead me to believe Funds could be loading up Conclusion: LONG NYSE:LUV through commons Option Play: Credit-Spread : Jan 19, '24 Puts $30-$27.5p
NYSE:LUVLong
by ZachSap
The Wish Turnaround StoryNASDAQ:WISH The Wish Turnaround Story Technical Analysis: Triple Bottom Fun Facts: - Delivery speeds average 8-day y/y improvement in Q1’23 - Customer order cancellation Rate dropped 56% y/y in Q1’23 - Buyer conversion rate improved by 18% y/y in Q1’23 - Customer retention rate improved by ~10% y/y in Q1’23 Financials: March 2023 Cash Balance: $379 Million Free Cash Flow: March 2021 ~$350 Million March 2023 ~$90 Million ($260 Million Improvement) Short Term Investments: March 2021 $154 Million March 2023 $256 Million ($102 Million Improvement) Total Debts: March 2021 $48 Million March 2023 $18 Million ($30 Million Improvement) Operating Expenses: March 2021 $563 Million March 2023 $110 Million ($453 Million improvement) * Q3 Savings on Operating Expenses expected to be around $14-$23 Million on Annualized Basis based on 17% workforce reduction * Current Enterprise Value: March 2021 ~$306 Million (Priced for Bankruptcy) $50 Million Dollar Share Repurchase Program Be warned: This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then dive.
WLong
by AllHart
2
📈 $AAVE Spotting a Triple Bottom within a Downward Channel! 🔍EURONEXT:AAVE has caught our attention with a compelling price pattern - a triple bottom formation within a downsloping channel. 📉⚖️ This setup presents an intriguing opportunity for traders! The triple bottom, characterized by three distinct lows, suggests a potential bullish reversal. Combined with the downsloping channel, it adds an interesting dynamic to the price action. 📈🔄 Will EURONEXT:AAVE break out of the channel and embark on a bullish rally? Or will it face resistance and continue its downward trajectory? Join the discussion! 📊💬 #AAVE #TechnicalAnalysis #TripleBottom #DownslopingChannel #BullishReversal #TradingOpportunity #TradingView" Remember, technical analysis is just one piece of the puzzle. Always conduct thorough research and practice risk management. Happy trading! 🚀💰
Long
by STP_MrNodeItAll
2
Triple Bottom (bullish)There´s a possibility of getting out of this SEC news FUD mess if we confirm the falling wedge and get breakout of it. Just recently, on the daily chart BTC printed a triple bottom which is quite a bullish pattern showing some buying interest in this area. If we go below 24/25k we are surely still in a bearmarket. If we break out of this falling wedge prepare for a move above 30k. Trying to become a bull. Sooner or later will surely happen. Good luck!
BINANCE:BTCUSDLong
by JacintoMonteiro
EURCHF - BULLISH TRIPLE BOTTOM📈Hello Traders👋🏻 On The Daily Time Frame The EURCHF Price Reached a Strong Support Level (0.96771-0.964384)✔ The Price Reject to Break This Key Level and Create a new Lower Low 📉 Currently, EURCHF Formed a Triple Bottom Pattern📈 Moreover, The Neckline is Broken🔥 So, I Expect a Bullish Move📈 i'm waiting for a Retest... ----------- TARGET: 0.98590🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Long
by Hsan_BenAhmed
3
Expanded Flat -> Triple-BottomTotal2 looks like an expanded flat completing its reversal at the end of a C wave. It has twice bottomed just shy of the 1.618 for its trend-based fib, and may or may not reach a 3rd bottom near this area before exiting above its neckline. If it doesn't reach bottom again, it's possible it could perform a move similar to what INDEX:BTCUSD did here: However, it has so far failed to maintain a breakout if we draw a similar wedge on Total2: A 1x measured target lines up with its 50% trend-based fib, while the 2x measured target for the triple-bottom lines up exactly with its 0% fib, exactly where total2 reached its ATH. This would go in line with my theory that movements in DXY could lead to recoveries across multiple markets that end in double-tops.
CRYPTOCAP:TOTAL2
by dudebruhwhoa
Triple Top or Triple Bottom?Technical Analysis: Triple Top: Line A - Line B Triple Top Possible: Line X - Line Y Confirmed Formations: Triple Top: A-B Up Trendline (-N-) break during wave (D) Bounce off trendline (-X-) at point (E). Notable Mentions: Trendline (-X-) is 23.6% Fibonacci retracement of 2020 lows to Jan 2022 Highs. Low volume at peak (C) Increased volume at point (E) to the downside Increased volume during the breakout to the downside of triple top A-B Triple top formed inside trendline (-A-) and (-B-) inside the 5min timeframe. The last wave in triple top A-B did not touch the top of trendline (-A-), some may see this as a failed double bottom or false breakout. We entered a possible triple top formation inside trendlines (-X-) and (-Y-). This may turn out to be a triple bottom. Confirmation is to be seen after a sustained penetration below trendline (-Y-) or above trendline (-X-). Bearish: Break and sustain under (-Y-) possible return move (G) and or reversal at point (G). Bullish: Break and sustain above trendline (-B-) from the A-B triple top and sustain above major uptrend line (-N-) Please feel free to give your input, I am in the process of learning Technical Analysis and it would be an honor to learn from you.
AMEX:SPY
by MrCarbides
1
Initiating a long term bullish position in goldThis is an analysis that I hope that it ages well, as I am starting a long term position in gold today and adding this asset to my investment portfolio. Therefore, this is not a post about an isolated trade, with a specific expiration date or focused on the short-term. In fact, from a trading point of view I have already lost some great entry opportunities, since November 2022, which the asset provided. Looking back on the chart, I could see four previous entry opportunities that fit my setups. Unfortunately, I wasn't psychologically prepared to trade them and I was left out, but I will try to take some advantage of this situation and later write a study post pointing out these entries. Another post on trading psychology, This is an analysis that I hope that it ages well, as I am starting a long term position in gold today and adding this asset to my investment portfolio. Therefore, this is not a post about an isolated trade, with a specific expiration date or focused on the short-term. In fact, from a trading point of view I have already lost some great entry opportunities, since November 2022, which the asset provided. Looking back on the chart, I could see four previous entry opportunities that fit my setups. Unfortunately, I wasn't psychologically prepared to trade them and I was left out, but I will try to take some advantage of this situation and later write a study post pointing out these entries. Another post on trading psychology, fears involved, strategies to control them and analysis paralysis may also be written later (spoiler: risk sizing and embracing the risk consciously helps to tame the beast) . However, from an investment point of view, with a long-term perspective and also taking advantage of some hedging to reduce risk, it is better to buy gold late than never, or as I prefer to say, better late than too late. Because if a strong bull run starts after this breakout, I would regret not buying at the $2000 quote level. And, yes, there are indications that this may become a reality. The first indication comes from the analysis of the chart, gold prices have been stuck into a multi-year congestion between $1700 and $2000. Tipically, the longer the congestion is, the more intense its breakout and further away the target, and historically gold has been king of this setup. The $2000 level is where the price peaked during the covid crisis and the russian invasion of Ukraine. I mean, this price level is imposing a very strong limit on quotations. But we're now facing the threat of a future interest rate and expected inflation much higher than we've been used to over the last decades (since the 90s, specifically), and these things could be a real game changer for the market scenario. So, here the gold quotes are, back at the $2000 resistance level and showing strong volume near it. Of course, resistance can work once again, but we have to trade probabilities and deal with risk, and that means grabbing a good entry opportunity like this one, and accepting a loss if the signal deviates. The second indication comes from the analysis of the market cycle. All clues point to the fact that we may already be at the beginning of a secular bear market cycle, which means that expected future returns for the next years (10y average) can be near zero, single digit, or even negative. I'm not predicting some kind of crash here, it's different, this is not a single intense bearish movement, but a future outlook of low stock market growth. Using the model published by Ed Easterling in his book, Unexpected Returns, the top (thus the beginning of the end) of a secular bull market comes with high P/E's, low dividend yields, low inflation and low interest rates. This was just the scenario we had few years ago and it started to crack, first inflation got out of control (2021), then interest rates started to rise (2022) and P/E's just began to fall with last year falling quotes, but it's still on a high level, so this could just be the beginning of this cycle of low returns. With this in mind, it is important to notice that gold is often the best secular bear market asset par excellence (see the returns in the 2000s and in the 1970s periods), but so far in this newborn bear cycle, gold has yet to shine, despite the very bearish year of 2022. Considering the secular bear market hypothesis and the very long chart congestion, added to the habit of this asset to make strong breakouts, I decided to initiate a long term bullish position in gold. I made my entry using the ETF GLD. I bought the shares today, March 20th, 2023, at the market opening, @184.17. To manage my risk I also bought a bear put spread with strikes 166/165. I intend to stop the loss if this entry reaches a -6.5% loss. I've bought enough options to pay back my losses if that happens. The protection has cost me 0,8% of the position. Hopefully in the future I will post more about this position, and then I will use the GLD chart. For now, for a general approach, I prefer to do my analysis using the future contract chart.
COMEX:GC1!Long
by thessia_
INTC - Breaking out of BaseINTC had been basing in sideway range between 24-31 since mid September 2022. It tested the neckline region between 30-31 at least 3 times and similarly the lower range between 24-25+ also 3 times (formed an imperfect triple bottom). Yesterday it gapped above the neckline on strong volume and in the process, managed to close above the 200 day MA for the first time in a year. It is likely that the stock is now slowly emerging from it's base and any dips in the near future, especially back towards the neckline @30 +/- could be an 2nd opportunity to accumulate. Expect to see the 200 day MA flattening out and a Golden Cross materialising in the coming weeks. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Protect your trade with stop losses. Take care and Good Luck!
NASDAQ:INTCLong
by Juliac
5
Is INTEL CORP exhibiting signs of a major bottom?INTEL stock has been decimated the last few months, due to growing competition, decelerating revenue and decrease of dividend. Is it dead though? Here is what the chart is saying: Big downtrend since April 2021. On October 2022, the stock has started a consolidation/base in form of a range between 24.90 and 30.85. This range could be a bottom formation . See also the double bottom on the chart. Note that bottoming pattern takes time and this one could continue for a few more weeks/months. However a break out of the range (31) could confirm a change of trend and a long trade/investment. Keep monitoring this stock in the next few days/weeks, set an alert at the top of the range. If it breaks out of the range, it will be time to initiate a long position. Note that there was a lot of institutional buying in February 2023. On watch.
NASDAQ:INTC
by Elpidaldo
SCHAND triple bottom breakout with volumeCMP 214.60 Recent Results : Growth in Operating Profit with increase in operating margins (YoY) Near 52 Week High Stock gained more than 20% in one month Strong Momentum: Price above short, medium and long term moving averages Highest Recovery from 52 Week Low *Not recommendation. Do your due diligence S. Chand Group is an Indian publishing and education services companies, founded in 1939 and based in New Delhi. The publishing house prints books for primary, secondary and higher education sectors. It was the first company in India to get the ISO 9001:2000 certification
NSE:SCHANDLong
by JustIdea
2
GBPJPY I Potential bounce from demand zone 🚀 Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
11