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Trade Idea on AMD: The Case for a Sweet Double BottomAssumption & Context Let’s address the elephant in the room: the $118 level. Technically, it's a lower low, just 3% below the previous $122 low. However, in my view, it’s not a lower low in the traditional sense. Why? Because this area likely attracted a ton of stop-loss orders, creating what I call (Wyckoff ripped me off) a "selling climax" — a quick 3% shakeout that wiped out the obvious players. It's like AMD decided to yell, "Gotcha!" before flipping. This leads me to my current trading hypothesis: $118 could be the sweet spot for a double bottom, precisely the entry point that many savvy traders have been waiting for. I’m betting AMD will leave NVIDIA eating its dust in the short to mid-term. Why? AMD’s upside potential is like spotting a rocket on the launch pad, while NVIDIA feels more like a plane that’s already cruising at 35,000 feet. And let’s face it, semiconductors + GPUs ?? — you can’t go wrong with them these days.
NASDAQ:AMDLong
by Asakaki-Takanod
ASTRAL NSE DTF SWINGASTRAL SWING Analysis TRADE PLAN ENTRY : 1890 50%Qty. ADD 50% Abofe 2050 DTF Close SL : 1860 TGT- 2000 Time frame @1 to 3months ASTRAL on DTF had a RESISTANCE trendline on breaking this and Retest make entry. Price is trading below the 20EMA and the the sequence of 200 to 20EMA is inverted indicating a bearish Trend is prevalent. The stock currently trading is at the base of proable Wyckoff accumulation Phase. A bearish Orderblock is seen at 2050 levels. Add 50% when price BO and closes above this level. 3rd Quarter results this weekend wait for declared and then entry on breakouts. Standard disclaimer apply.
NSE:ASTRALLong
by billpramod
1
Update XAU : 03.10.2024After corrected Plan BUY XAU 2626 ( Last week ) An Overview of the Gold Plan on the H1 Chart ✍️ After gold reached the 2626 level, it experienced a strong recovery. Based on the current chart, gold has officially reversed the short-term correction and is continuing its upward trend. ✍️ From my perspective, yesterday, the second corrective wave was completed, and gold is now in the process of building the third impulsive wave. ✍️ To properly complete the third wave in this phase, gold will likely try to form a full Wyckoff re-accumulation range, meaning it might consolidate (sideways) for the rest of today to prepare for tomorrow’s NFP (Non-Farm Payrolls) report. Of course, there may be shakeouts when the news is released, so caution is advised. ✍️ Regarding volume, we observe that when the price rises, there's volume alignment, whereas during price declines, volume steadily decreases. There are only occasional spikes in volume, but they don't significantly impact the market's upward momentum. 👉 As for the detailed NFP trading plan, I'll update that tomorrow. For today's plan, I'm focusing on the BUY trend at 2649.5.
FX:XAUUSDLong
by Finn_Rm3x
FintechZoom NIO Stock Analysis. August 2024.The current price of NIO stock has dropped below $4, a significant decline from its trading range of around $9 earlier this year, representing a decrease of approximately 55.56%. This sharp drop highlights the substantial downturn in the stock’s value. The price action is forming a long-term descending channel, indicating that bears are firmly in control of the market. NIO's stock performance is lagging behind broader stock market indices, underscoring its relative weakness. Bulls attempted to reverse the trend in early May, spurred by the news of strong delivery numbers for April, which temporarily boosted investor sentiment. However, this attempt failed to sustain momentum. Significant sell-offs on May 15th and June 6th followed the earnings report, which revealed lower-than-expected revenue and deliveries, signaling that bears were regaining control. Since then, the $5 level has become a formidable resistance point. The price action in May demonstrated a classic Wyckoff distribution phase, where smart money gradually exited positions, preparing for further declines. The blue fan lines represent the weakening echoes of demand from the positive news on May 1st. While they offer a glimmer of hope for the bulls, these support levels have been consistently breached, showing their diminishing influence. On August 1st, NIO's stock price fell on increasing volumes, a clear sign of effective selling pressure. I expect any attempts by the bulls to reverse the trend to face resistance at this level. It's possible we might witness a false rally followed by a drop to the year's lows. The psychological $3 level, which aligns with the lower boundary of the long-term descending channel, may act as a price magnet. Forecasts Analysts' forecasts for NIO stock are mixed. Some see a potential recovery if the company can improve its delivery numbers and profit margins. However, others are bearish, predicting the stock could fall further if market conditions remain unfavorable. The consensus target price for NIO in the near term varies, with some estimates as low as $3 and others suggesting a potential rebound to $6-7, depending on future earnings reports and macroeconomic factors.
NYSE:NIOShort
by fintechzoom
IEX is ready for a Bull ride.NSE:IEX About Company :- Indian Energy Exchange Ltd provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity. It's broker Just like Zerodha or Angel One but for electricity trading. with market share at present, IEX enjoys a dominant 90% market share in the total volume traded across all segments. However, recent regulations like "Market Coupling" could potentially impact IEX's prominence in this segment means market share will reduced if market coupling implemented by govt. in future. Entry :- 160/- or Current Price. Target :- At Supply Zone.
NSE:IEXLong
by swaaapnil
📈 Stock Analysis: GRM Overseas - A Promising Turnaround OpportuHey traders and investors, I wanted to bring your attention to an exciting opportunity that's been on my radar - GRM Overseas . This stock appears to be setting up for a potentially lucrative move, and here's why you might want to consider it for your portfolio. 🔄 Rounding Bottom Formation (Long Term): GRM Overseas has been in a bottoming process for an extended period, forming what technicians refer to as a "rounding bottom" pattern on the long-term chart. This pattern suggests that the stock has undergone a significant correction and is now showing signs of reversal. It's a promising signal for those looking for turnaround plays. 📊 Stage 2 Candidate: Based on the Wyckoff methodology, GRM Overseas could be considered a Stage 2 candidate. In this stage, a stock often sees accumulation by institutional investors and begins its uptrend. If the stock continues to exhibit positive price action and breaks out convincingly, it could confirm the start of a significant move higher. 💰 Potential for Lucrative Returns (6-12 Months) : While past performance doesn't guarantee future results, the setup on GRM Overseas suggests that there's potential for attractive returns in the medium term, possibly over the next 6-12 months. Of course, market conditions can change, so it's crucial to keep monitoring the stock's progress. 🚦 Manage Risk Wisely: As with any investment, it's vital to manage risk wisely. Given that GRM Overseas is in a reversal phase, it's prudent to allocate a smaller portion of your portfolio to this trade. Diversification remains a key strategy for risk management. Remember, this analysis is based on technical patterns and historical data. Always conduct thorough research, consider your risk tolerance, and consult with a financial advisor if needed before making investment decisions. My Entry : 198 SL : 178 Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Trading and investing carry inherent risks, and past performance is not indicative of future results.(only for educational purpose) What are your thoughts on GRM Overseas? Do you see the potential in this setup? Share your insights below! 🚀📊💼
NSE:GRMOVERLong
by aryn_9
What will gold be like for today !!What are the opportunities for gold today? after retesting the 1915-1916 resistance, we see the bulls were dominating yesterday as the market price went up. I myself predict that the bears will attack and lower the price of gold when EMA 34 and EMA 89 intersect. The possibility for the bulls to push the price to 1935 and test the upper resistance (in fibonacci) is quite difficult. Let's get to some news of the day: Precious metals remain anchored at high prices despite the rise of the USD. In contrast, 10-year US Treasury yields fell below a two-week peak in the previous session, providing some support for the precious metal. The US data on employment and completion growth in most regions of the country is re-signing. Pharmaceuticals, the US Department of Labor yesterday said the number of weekly applications for unemployment benefits decreased by 13,000 to 216,000, down from last week's revised estimate of 228,000 applications. Data show tightening in the US job market ahead of the official scheduled meeting of the US Federal Reserve (Fed). So the consultant looks to Fed officials' statements for more clues about the pace of acceleration. According to Mr. Jim Wyckoff, senior market analyst at Kitco, he has determined that gold is lacking a new information base and is trading solely based on bearish digital techniques. However, some selling on top of some buying is helping gold stabilize..
OANDA:XAUUSDShort
by Forex_SCALP_VIP
Predict the direction of XAUUSD August 30, 2023According to Kitco, the world gold price recorded at 5:00 am today in Vietnam time for spot at $1,937,225 per ounce. Converting the current exchange rate at Vietcombank, world gold is about 55,815 million VND/tael (excluding taxes and fees). Thus, the price of gold bars of SJC is still higher than the international gold price of 11,735 million VND/tael. Gold prices rose to a three-week high on Tuesday as the dollar and Treasury yields unexpectedly fell. In addition, weaker labor market indicators cast doubt on the Federal Reserve's ability to raise interest rates again. Against this backdrop, the dollar fell against other currencies, reversing earlier gains, after data showed U.S. job opportunities fell in July. Treasuries yield The 10-year term has also been reduced. Jim Wyckoff, senior market analyst at Kitco, said the upbeat job openings and labor turnover (JOLTS) survey and consumer confidence report suggest the Fed may not increase interest rates as much as previously predicted. This is supporting gold prices along with some short-term offsetting measures
OANDA:XAUUSDShort
by Forex_SCALP_VIP
1
Gold price prediction August 30, 2023According to Kitco, the world gold price recorded at 5:00 am today in Vietnam time for spot at $1,937,225 per ounce. Converting the current exchange rate at Vietcombank, world gold is about 55,815 million VND/tael (excluding taxes and fees). Thus, the price of gold bars of SJC is still higher than the international gold price of 11,735 million VND/tael. Gold prices rose to a three-week high on Tuesday as the dollar and Treasury yields unexpectedly fell. In addition, weaker labor market indicators cast doubt on the Federal Reserve's ability to raise interest rates again. Against this backdrop, the dollar fell against other currencies, reversing earlier gains, after data showed U.S. job opportunities fell in July. Treasuries yield The 10-year term has also been reduced. Jim Wyckoff, senior market analyst at Kitco, said the upbeat job openings and labor turnover (JOLTS) survey and consumer confidence report suggest the Fed may not increase interest rates as much as previously predicted. This is supporting gold prices along with some short-term offsetting measures
TVC:GOLDShort
by Forex_SCALP_VIP
2
Bitcoin's Descending Channel: Analysis & ImplicationsDecoding Bitcoin: Weekly Time Frame - Descending Channel Pattern Bitcoin has been trading within a Descending Channel Pattern since February 2021, presenting opportunities and challenges for traders based on technical analysis. Let's analyze each period from a technical perspective and consider their potential impact on future price movements. Period: Feb 2021 to Mid-Jul 2021 (50% Valuation Loss) During this phase, Bitcoin entered the Descending Channel Pattern, displaying a four-phase Wyckoff structure on the daily timeframe. With a high of $64,854 and a low of $29,278, Bitcoin experienced a significant 50% price decline, indicating a prevailing bearish trend. Period: Mid-Jul 2021 to Mid-Nov 2021 (230% Valuation Gain) This phase witnessed an impressive bull run for Bitcoin. Surging from a low of $29,278 to a high of $69,000, Bitcoin recorded substantial gains of approximately 230%, reflecting a prevailing bullish trend. Period: Mid-Nov 2021 to Early-Nov 2022 (80% Valuation Loss) Bitcoin faced challenges in this period, characterized by significant volatility and market traps. With a low of $15,588, Bitcoin experienced an 80% valuation loss from its previous high of $69,000, signifying the continuation of a bearish trend. Period: Early-Nov 2022 to Present (Potential 150% Gain) A new bullish phase emerged during this period. Bitcoin rallied to a high of $31,000, representing a 100% valuation increase from the previous low. Currently consolidating near the Trend Line Resistance level within the $25,000 to $31,000 range, a breakout above resistance could indicate a continuation of the bullish trend, potentially targeting the $47,000 level based on historical patterns
Long
by TheNewsCrypto