Sma
AAPL ShortLooks to me like a good time to think about either going short on Apple or if using options then selling a short dated Call or buying a Put.
I see 4 reasons on the AAPL chart (see below) that point to a small dip, my guess is a pull back at least to the 50 or 100 SMA or the next lower Fib zone (so somewhere between $123 - $126 region) would be highly likely.
1. Rejection at a Fib Extension level when using the March 2020 low and September 2020 high as the anchor points
2. Last daily candle was very negative engulf of the prior day
3. 50 SMA has moved below the 100 SMA for the 1st time in more than a year
4. Stochastics (short term) has recently thrown out negative divergence
Adding to the AAPL chart evidence there are signs that the DOW is looking a little top heavy as well, the DJ has not been able to break the high from 4 days ago and finished yesterday with a reverse hammer candle (negative), the ATR is at it's lowest level since before the Corona crash last March and the short stochastics are showing strong negative divergence. I can't imagine a big fall but perhaps a small pull back is certainly due!
This is just my own opinion, please do your own research before parting with your cash.
Charter Communications will eventually be a good buy opportunityCharter Communications is a pillar of the telecommunications industry and is seeing prices decline right now (April 6, 2021) but will eventually be a great buy opportunity.
Weaknesses
Endless debate between the "oh my god cord-cutters!" vs. the "cord-cutters need broadband internet!" crowds on social media
Doesn't pay a dividend so they fail my "ok boomer" test
Looming threat of 5G revolutionizing connectivity
$174M "scandal" in 2018 post Time Warner Cable acquisition to settle fraud claims
Insider selling in the last two quarters (EVP David Ellen unloading 35,000+ shares) but no insider buying**
Strengths
Revenue increasing yearly from 2018 to 2020*
67% of shares owned by institutional investors (including Vanguard, BlackRock, and State Street) and 29% of shares owned by insiders**
Makes up about 4.7% of the XLC***
TipRanks
15 Analysts covering Charter Communications in the last 6 months
Median price target is $725, about 20% higher than the close on April 6, 2021
Chart
Price fell beneath the 200-Day SMA on April 5, 2021
RSI is dropping and was <40 on April 5, 2021
MACD is increasing in the negative direction
Summary
Charter Communication's price drop is only making them more appealing to small-timers like me, and I will be watching this decline with great interest. The median price target of $725 from TipRanks means more and more upside as the price drops, since I do not believe that broadband internet via cable will be immediately and instantly supplanted by 5G technology. Charter Communication's latest close was below their 200-Day SMA of $612.47, which has almost certainly put them on institutional watchlists worldwide. Passive index fund giants Vanguard, BlackRock, and State Street already own 25+ million shares and though they collectively sold about 1M shares in Q4 2020**, this price decrease may signal significant buys as part of their rebalancing effort.
*Sourced from 2020 10-K filing for Charter Communications
**Sourced from WhaleWisdom
***Sourced from etf com summary of XLC
BTC/USD Nearly All Key Historic Support/Resistance LevelsI have made the chart available to use/edit (Link in the comments, if it gets approved)
You can use the object tree tab (bottom right) to hide or show certain resistance groups to make it less cluttered.
Don't take the prediction too seriously, was just a conservative estimate for fun.
Key:
Multicoloured horizontal - Fibonacci extention from previous bear market bottom to bull market top
Orange horizontal - Previous Highs
Red diagonals - Previous 2 bull run peaks (probably new floor, I would be bearish if broke below)
White diagonals - Pivot point (Key highs and lows charted across a key pivot point)
Purple diagonals - Uptrend bottoms (Deeper correction more likely if breaks below)
Cyan/Blue EMA - 15/55 EMAs (If the 15 falls below the 55 on D/W candles possible indication of correction and/or bearmarket)
Yellow/Orange MA - Golden Cross (50/200 MA on D/W candles, yellow falling below orange is bad news, moving above good news)
Red MA - (21 MA on W candles, historically BTC has used this as support during bullruns, ie good buy points, fall below is bad news)
BITFINEX:BTCUSD
SJW is a long swing trade opportunity AND a buy-and-holdSJW Group offers at least 10% upside in the $62 range as of Friday March 26, 2021 and, thanks to steady dividend growth, would make a fine addition to your "buy and hold" portfolio.
Weaknesses
The commercial property SJW Land Company (subsidiary) owns in Tennessee are probably reeling due to COVID (no Annual Report available for 2020 yet)
Same for Chester Realty (subsidiary) in Connecticut as vacancies and business trends change
Overbilling "scandal" in 2017 for some San Jose-area residents
They run a "boring" business primarily as a water utility conglomerate in California, Texas, Connecticut, and Maine so new media-based surges in price are unlikely
Strengths
Passes my "OK Boomer" test with a dividend that has been increasing consistently for 16 years (ignore incorrect Q42017 data on Nasdaq's website, an extra dividend was paid after a subsidiary was sold)
Water utility subsidiaries are distributed on both coasts which limits natural disaster impacts
Price negatively impacted like many other companies during mid-February sell-off
All real estate details sourced from 2019 annual report.
TipRank
Only 3 Analysts covering SJW Group
Median price target $73.50
Chart
Price fell beneath the 200-Day SMA on February 25, 2021 as part of a larger sell-off trend
5-Day EMA crossed the 20-Day SMA up on March 24, 2021 and the closing price continues to ramp up
RSI increased from 30 to 50 during last week's rally
Summary
Even using a conservative price target of $69 (below the median $73.50 TipRanks price target), SJW Group has about 10% upside based on the current price $62 range. As a "boomer" stock marching towards Dividend Aristocrat status in a "boring" industry, SJW could easily slide from your swing portfolio to your buy-and-hold portfolio.
PERLUSDT/1D (UPDATE OF LAST CHART)Price is still above of SMA 9 DAYS and seems that it going to make a pull back to its trend line.
So, any Bullish candle plus strong one above trend line are a good news for entry.
GE - Short-term & Long-termHello traders !
First of all, this is not a professional analysis nor an advice of any kind. I’m only sharing my thoughts.
General Electric is at strategic resistance/support level, which goes back to Jun 2010, at 13.27.
For the short-term, GE is showing bearish signs as the weekly candle opened and closed below the strategic resistance (Yellow line) + the daily MACD has already crossed below its signal.
The way I see it, there are two possible scenarios:
1. It tests the SMA200, at around $12.25, before it bounces back at around $16.
2. If SMA200 failed to act as a support level, then the next support level would be the green trendline at around $11.
Inconclusion, General Electric is bearish for the next couple of weeks and Bullish for the long-term.
(If you find this beneficial, don’t forget to LIKE).
Happy trading!
Is CCIV Ready to explode? Welcome back traders, it has been a while. We will dive deep into CCIV across multiple timeframes, and hopefully make sense of this. Please read the disclosure below. So many YouTube influencers (ZipTrader has been one of my favorites lately) have already explained why this sold off so viscously, so that won't be covered here (you should definitely check it out if you do not understand this already.)
Our cover chart today displays weekly candles, and it tells us plenty. From 2/16/21-present, we have watched the RSI drop from 99.5 to 52.18. In other words, the SPAC media-hype bubble finally popped. This is very common with SPAC plays. The February highs were unsustainable, and the profits were taken. I cannot iterate enough that this is so normal with SPAC plays, the gut-wrenching selloffs certainly are not for everyone (okay, my panic sell rant is over.) Our Fib Retracement from high to low gives us a .236 level of $22.95, and weekly candles above this level will likely indicate a reversal of this downtrend.
The Daily chart gives us so much more guidance. We are seeing support from the 65D Simple Moving Average (SMA), and stagnation between the 65SMA and 50 SMA. Although it is too early to tell currently, this very well could be the accumulation period prior to the break out. Also, the T3-CCI indicator has transitioned from decreasing to increasing, which is a bullish sign. With an RSI of 39.97, this is arguably oversold (many analysts want an RSI under 30, but given the volatility, it will almost definitely not be a perfect TA fit.) Lastly with this chart, the 9 SMA is decreasing less since March 5, which could be indicative of a reversal as well.
CCIV really starts to shape up on the 12h chart above. The Bollinger Band Squeeze is beginning, which can indicate a big price move either way. The Visible Range shows us three high volume nodes, which I will be monitoring heavily as potential price targets. The 9 SMA is at $23.77, which we need to watch closely as a support/resistance level over the next couple days. Additionally, we are seeing early convergence on the MACD, which is a bullish sign.
Lastly, we have the 4h chart, and we saved the best for last! We see the early start of an inverse H+S pattern with a base at $32.57, displayed above. Although we are very very early in this pattern, this would indicate a MASSIVE MOVE that could easily 2x from current prices, according to this pattern (this is not trading advice.) On the 4h chart, we can see more precision, within our BB squeeze, with volume, and possible accumulation, compared to our higher timeframe charts.
Conclusions
As we wrap it up, I would like to thank everyone for reading, I welcome your feedback. It is important to understand this is a bullish prerogative, and the ideas presented above are very early in their formation, which leads to increased risk now, as opposed to waiting for confirmation/validation. If I am wrong and these levels break, we could see lows around $17-$18. I think many analysts will agree that prices below these levels would be odd unless we see further market crashes or significant production setbacks. I hope this is helpful, please read the disclosure below and good luck traders!
Disclaimer
This is neither trading advice, nor financial advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any loss or damages.
OZSC ZonesI keep checking my charts over and over to see if fi missed something about OZSC. What i learned since i bough in (around 0.006) is that OZSC has tendency to make red wicks going Upwards, strange a bit but every time they closed red for a multiple days it just created a new triangle to break from over and over.
I believe now that with SMA 13 that crossed SMA 50 for the first time in History of OZSC , this becomes a crucial support for the bigger up trend to follow.
OTCQB uplisting would be the catalyst for a bigger movement, followed by bigger news.
My realistic target is $2, my Optimistic target is $5
Do your own DD and stick to your plan.
Swing SHORT Got resistance from ascending channel, Bearish divergence both on 4hr and 1d chart. 9ema, 20sma intersected on 1hr chart.
I assume that price will go down to the lowest ascending channel.
Btw, this is complete technical analysis, i have not put either fundamental or sentimental analysis into consideration.
BTCUSD 7,14,21,28... EMA BandsDifferent EMA Bands that could possibly show some bull-support and I added an SMA365 and multiplicated with 5 what seems to show a possible market cycle top.
Copy the code and check past cycles 2013 and 2017, tell me what you think.
study(title="Daily EMA Daily", shorttitle="Daily EMA Lines", overlay=true)
sma20Dx2 = security(tickerid, 'D', sma(close, 365)*5)
ma7d = security(tickerid, 'D', ema(close, 7))
ma14d = security(tickerid, 'D', ema(close, 14))
ma21d = security(tickerid, 'D', ema(close, 21))
ma28d = security(tickerid, 'D', ema(close, 28))
ma35d = security(tickerid, 'D', ema(close, 35))
ma42d = security(tickerid, 'D', ema(close, 42))
ma49d = security(tickerid, 'D', ema(close, 49))
ma56d = security(tickerid, 'D', ema(close, 56))
ma63d = security(tickerid, 'D', ema(close, 63))
ma200d = security(tickerid, 'W', sma(close, 200))
plot( sma20Dx2, color=#FF00FF, style=line, title="SMA365x5", linewidth=2)
plot( ma7d, color=#FF0000, style=line, title="dailyMMA7", linewidth=2)
plot( ma14d, color=#FF8800, style=line, title="dailyMMA14", linewidth=1)
plot( ma21d, color=#FFFF00, style=line, title="dailyMMA21", linewidth=3)
plot( ma28d, color=#88FF00, style=line, title="dailyMMA28", linewidth=1)
plot( ma35d, color=#00FF00, style=line, title="dailyMMA35", linewidth=1)
plot( ma42d, color=#00FF88, style=line, title="dailyMMA42", linewidth=1)
plot( ma49d, color=#00FFFF, style=line, title="dailyMMA49", linewidth=1)
plot( ma56d, color=#0088FF, style=line, title="dailyMMA56", linewidth=1)
plot( ma63d, color=#0000FF, style=line, title="dailyMMA63", linewidth=1)
plot( ma200d, color=#FF00FF, style=line, title="dailyMMA200", linewidth=3)
Ethereum Classic Vs USD for 02.08.2021Hay All Traders,
I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
Hourly Chart is being used for this post!
It looks like a good start to a new move in Ethereum Classic Vs USD. I have just made a "New indicator" that does use the Relative Strength Index (RSI) and plots 3 Simple Moving Average (SMA)s with it.
From what I'm seeing, the price is hitting the top of Bollinger Bands (BB). This may be a good run for it this time. Because it did move up quickly after the RSI did bounce off the 3 SMAs in my indicator, and it still has that line looking up for now, and the RSI is over 70. Plus, all of my indicators are over the 50 line!
I would love to hear what you think about this post!
Happy trading, and thanks for reading.
My Take On "SPY" for 02.08.2021 Hay All Traders,
I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
Day Chart is being used for this post!
It looks like a good start to the week on the SP500 index. I have just made a "New indicator" that does use the Relative Strength Index (RSI) and plots 3 Simple Moving Average (SMA)s with it.
From what I'm seeing, the price is hitting the top of Bollinger Bands (BB), and the price has come down from the top of it many, many times since December 2020. But it has not been stat under the middle BB for a long time. So the price may move back down, but with the RSI is over the SMAs, this may be a small pullback, and the angle pointing up may help push it higher in days and weeks to come.
I would love to hear what you think about this post!
Happy trading, and thanks for reading.
GBPUSD - LongAB=CD pattern
Bullish Hammer candle on support line (A)
Price finds support on 55 & 100 moving averages.
possible resistance at resistance level (B) and downward trendline (C)
I recommend to move stop loss to entry point at this point since a possible reversal may occur.
Share your view.
Happy Trading!
RSI/SMA/Pitch Fork Support and Res. BTC BREAKING BEAR TREND.Historically a shift to a bear cycle in BTC is marked by a 50% drop within a 2 week period. If you actually look at this latest correction it really only measures about -27%. Thus I feel it does not warrant any closing of short term positions. I actually find this drop to be comparable to the April 2017, prior to the REAL FOMO coming in.
The chart shown here is BTC, derived from the Coinbase exchange. The beginning of the channel shown(also where the pitchfork begins) is where a parabolic shift up began(Representing an explosion of growth), this can be confirmed by an uptick in volume, as visualized by the volume SMA. The purple SMA is 100 length, which historically is also broken when a bear cycle begins. The blue SMA is 16 length. It is KEY that the 16 length SMA is broken for the Bull trend to continue.
The RSI is often said to be obsolete, clearly this isn't the case on 4hr charts. This makes sense since many day traders and swing traders use the RSI oscillator, but on the intra-day charts primarily.
Please like and share!!
SAVA 1-13-2021 LONG TRADE10.63 ENTRY PRICE
9.57 10% STOP LOSS
11.16 5% TARGET
11.69 10% TARGET
RSI above + 50 & 70 levels with a steep incline.
Volume is at 100% +++.
200 sma on an incline showing uptrend.
Price stayed above 50 sma with a brief bearish pullback.
Current Price is a strong large body bullish reversal candle.
SMA-EMA50&200 Play NATGASUSD 30MHello traders, I just completed a trade on NATGAS using SMA_EMA50&200. We can see that the price consolidated above the 200 day average for quite some time, meanwhile the 50 day average and SMA crossed each other earlier. When the price breaks out the consolidation area, it trades between the 50 day average and SMA line, our entry point was on the SMA line which was below. We waited and as the lines got narrow another breakout would occur. We can see that the price broke out from the lines and respected the lines, then we had a clean upward momentum. The reason I like those kind of plays is because I have the ability to have a tight entry point and a tight, identifiable stop loss, and of course more room for profits. the holding period was 3 hours and 40 minutes whereas R= 2.71:1. a really decent trade
HBAR / BTC - Potential Double BottomThe HBAR / BTC pair has reached the (All Time Low) bottom and at the same level of exactly one year ago. Look left and you can see what happend then.
We can see here a potential double bottom on the daily candles.
Wait for a clear reversal to get into this trade.
On the 15 minutes lower timeframe we already see a reversal. The 20 EMA has crosses above the 50 SMA .
If The 20 EMA crosses above 50 SMA on the 1 hour candles we will see a clear start of a new uptrend for the HBAR BTC pair.
My targets for the long run when the 20 EMA crosses above the 50 SMA on the 1 hour candles:
.00000292 (.236 fib)
.00000401 (.382 fib)
.00000489 (.5 fib)
I will take 30% profit around every fib rule and buy it back when it retraces to a support level and makes a new reversal.
!!! Never loose a winning trade !!!
Sheers,
Five types of major support and resistance levelsWant to buy the bottom and sell the top? Want to predict major turning points in a security's price? Want to avoid buying too early or selling too late? Then you need to understand support and resistance levels!
I know a lot of people who mostly trade breakouts. That can be a very successful strategy, and I've used it myself to good effect. But if you buy a breakout after it happens, you pay a "breakout premium"-- especially if you're buying option calls or puts. You'll get a much better price on options if you buy them *before* a breakout or *before* a major change in momentum. How do you do that? Know your support and resistance levels!
Once you know how to identify the different types of support and resistance, you can look to see where several different types of support or resistance coincide . Those will be key price points at which different types of investors who rely on different types of indicators will all buy or sell at the same time.