AwesomeAvani

AwesomeAvani

Spot Silver has been in a general downtrend albeit it with a short rally. On the weekly chart the context of the rise in the stochastic RSI to over 60 and the MACD approaching a K and D line touch as well as the print of a weekly candle as a red Doji after the recent federal minutes release and another federal calendar event on 8/22 I will take a short on...

AwesomeAvani

BTC on the weekly chart is in a persistent downtrend for this year. In recent weeks, a bit of a bear market rally has occurred and stochastic RSI is now at or above 80 while the MACD has K and D lines touching. The weekly candle is a red Doji. I see this as about the same as the pattern of early April. I conclude that BTCUSD's bear market rally is...

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GBP USD has been in a persistent downtrend for much of the year as the DXY has been strong. On the weekly chart, the price in the past week did a "buy Pop" up crossing the EMA8 and EMA13 lines, The relative strength topped up and downturned while on the MACD, the lines have been long below the histogram but in the mast week a K and D lines...

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LMT is a prominent defense contractor with peer RTX. It is currently showing It's stuff in Ukraine which may be the beginning of WWIII. The USA's stocks of its products are depleted. This is a growth stock; no signs of recession for LMT; it is backlogged USA needs to stockpile after that allies will be be begging for any surplus as it develops ( think Taiwan and...

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NASDAQ:AAPL Apple has been in a megaphone pattern for the last month. It is now at a horizontal and trendline resistance similar to conditions on December 13, 2021. Relative Strength has been high over 80 for much of the month. The MACD signal is high over its histogram, and the K and D lines appear primed for a crossover. Both of these...

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NYSE:PRTY PRTY had a double or triple bottom after the earnings miss in May but has reversed after PRTY had great reported earnings last week and now has breakout price action. A Target of %3.00 based on the volume profile and the EMA 200 seems reasonable. A stop loss of 1.69 based on the EMA20 and the volume profile makes for a good reward for the...

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NASDAQ:TSLA TSLA on the 4H Chart printed the handle /retracement to the Fib 38.2 and is now either in the early reverse or simply trending within the downward parallel channel. It is perhaps a good sign that TSLA was relatively strong on a weak day in the overall market NASDAQ:TSLA

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NASDAQ:MNMD Yj This stock had a quick response to good earnings and it is now at resistance with the RSI swing indicator printing a Sell Signal. The MACD, a lagging indicator, shows the signal above the histogram without a K / D cross not yet started. I would like to take a short trade setting a stop loss above the resistance zone and targeting 10% to the POC...

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AMEX:SOXS Semiconductors have been giving some cautious guidance suggesting a market downturn, supply chain issues and the recession fears. Vehcicles are being shipped to dealers lacking some "chips" ; in the meanwhile, the CHIP acts hopes to stabilize things. SOXS a ETF shorting the semiconductor industry #X leverage as the inverse of SOXL The 4H chart...

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VANTAGE:USOUSD With the news catalyst of massive new open leases on federal land for USOIL and the big oil companies USOUSD has reacted with a big uptrend. with major resistance 3 to 4 percent higher this may continue. This seems to be a good setup for a swing long trade on USOUSD and potentially any of the big oil stocks.

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NYSE:RAD RAD is the Rite Aid drug store chain0 being in healthcare and consumer staples it is relatively resilient in a recessionary context. On the Chart, RAD is at swing lows sitting on support with 25% upside potential. The RSI indicator shows an impending K & D line cross under the histogram. A recent triple top helps mark the resistance while...

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OANDA:XAUUSD The 4H XAUAUD is set up on the finish of a cup and handle pattern and so bullish continuation is about to ensue. The chart shows the depth /height of the cup. I will enter when the basis of the Bollinger Bands reverses into an uptrend. Stop loss will be outside the LBB at that time or alternatively the recent swing low. Targets, as drawn to the...

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NYSE:WOLF The chart and indicators show the dramatic rise after earnings. The squeeze indicator is rising while the momentum divergence is increasing. What do you think- will WOLF continue on the uptrend or reverse?

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NASDAQ:TLT In comparing the ratio of TLT to QQQ, I have found the ratio or relative strength is at its historical low range. I conclude, now may be an excellent time to shift assets into TLT if a trader believes that the bear market rally for equities is loosing momentum or possibly reversing. This is not a recommendation as to a trade and just my...

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NASDAQ:TLT On the 4H Chart, TLT is sitting on minor support with major support below that. It is near to the bottom of open Bollinger Bands and is inclined to move through the basis line closer to the upper band. Significant resistance is 5 and 15% upside. I see a swing long trade with the stop loss below the major support and targets before the major...

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TVC:DXY The dollar value as DXY is parabolically rising and may break resistance. This puts downward pressure on XAUUSD spot gold and commodities in general. This could reverse if DXY fails to break the resistance.

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AMEX:BOIL BOIL is showing a cup and handle pattern at present lending increased probability of a bullish continuation that could yield a 50% price rise over the 45-day width of the cup. Macro and fundamental factors support ongoing natural gas price escalations including the supply issues in Europe, the heat wave from climate change causing and so on. The...

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On the daily chart, TSLA has formed a cup and handle beginning about May 5th, the prior reported earnings, The cup portion completed with the recent earning about August 5th while the handle is completed this week. The cup is about $280 in height/depth while the time duration is about 90-95 days in duration. This predicts a bullish continuation from the...