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SMH , LONG Back on this horse 🏇🏼. Wedge pop Higher low , stage two continuation so far . Break out above DTL . 6/10 Top weighted holdings in stage 2 uptrends . Market View - QQQ back to the top of its range , my account has gone from about 5% up on the year back to about break even levels . Seems like this market loves to let us get just a little ahead and then squish those profits lol . Keeping with it , if we can just get two successful impulses on with acceptable breadth it would theoretically be possible to build a profit cushion ...but it likes to give me one and then take it away and repeat , 2023 ~ 😉 Maybe tomorrow will be the day we get out of this range and to the upside per QQQ 🤞🏼.
NASDAQ:SMHLong
by NAK1987
GDX- Cup & Handle BREAKOUT BUY!Attached: GDX Daily Chart as of 7th April 2023 Price has given a Classic Cup & Handle Breakout Buy Signal on the Charts What do Technical Indicators say on the Daily Chart? - RSI is in overbought zone ( > 70) and confirming a Bullish Regime✅ - MACD is trending up and in buy mode, confirming Momentum✅ - DMI is in buy mode and ADX is above 25, confirming a Strong Up Trend✅ Going by Pure Price Action too and especially if you go on the Weekly Chart, you can see last Week put in a Clear Bull Power Candle which is our Breakout Candle The Green Trend Line serves as the Neckline for the Cup & Handle Pattern Trade Plan as follows: Current Market Price= 34.43 Upside Target🎯= 40 to 42 zone Stop Loss⚠️ can be < 32 This is our Swing/ Positional Trade Call ............................................... Note: Not only is GDX Bullish for the IMMEDIATE Short Term (Daily Time Frame as I have put out in this Idea), but it is also Bullish on the Higher Time Frames like the Monthly and the Weekly as well, so there is a Multi Time Frame Alignment too✅ Lastly, Refer to my Related Ideas to see my GDX Analysis on the Monthly Time Frame to get my Long Term View for an INVESTMENT CALL👍
AMEX:GDXLong
by T_Harth
GDX- BIG BULL OPPORTUNITY!GDX (VanEck Gold Miners ETF) INVESTMENT CALL📈 Attached: Monthly Chart as of 7th April 2023 (Technical Analysis self explanatory as annotated✍️ in the Chart) CMP= ~34 Upside Targets🎯: T1= 40 + T2= 60 + T3= $100... Stop Loss: SL is Not Needed but just for the sake of it one can keep it below Last Month's (March) Candle Low so < 26.50 Upside Potential is almost 3x🚀 and that too in an ETF (not an individual stock) With Risk⚠️ of just 25% at Max The Risk Reward for this Investment is FABULOUS😮✅ And it is on the same thesis of the Bull Run in Gold & Silver 🥇🥈 .............................. Check out my Related Ideas for the Bullish Call that I had put out for Silver and how it met its Target
AMEX:GDXLong
by T_Harth
Two captains of the same shipPrevious part of the post: My Three Comrades: the Chart, the Screener, and the Watchlist Now let's move on to the fundamental analysis. Remember in this post I gave the example that a joint stock company can be thought of as a hotel, and owning shares can be thought of as owning one or more rooms in that hotel. So, imagine now that our hotel has a terrible foundation with lots of holes in it. What would happen to such a hotel? Of course, it could collapse, dragging everything down with it. It would also affect the value of the stock, and in our case, the value of the rooms. Because no one will want to buy rooms in such a hotel, on the contrary, they will try to sell them at any price, and then the value of rooms (stocks) will go down. The purpose of fundamental analysis is to understand how financially stable and profitable the chosen company is. Sometimes they say that a company has a strong or weak foundation - a generalized conclusion based on analysis of its financial statements. So, our task will be to find stocks of companies with strong foundations. Let's go to "Chart+" and select "Indicators" in the upper toolbar. A menu will open for you, where on the left we will select "Financials". Here we can select data from company reports: Balance Sheet, Income Statement and Cash Flow. They are issued quarterly and annually. Accordingly, you can select any indicator from the statements, such as revenue, select the period - quarter or year, and add it to the chart. In this way, you can study the dynamics of this indicator over time. In addition to the reporting data, you can add so-called multipliers to the chart. They are placed in the same menu after the "Cash Flow" > subsection called "Statistics". What is a multiplier and how to analyze the statements, we will discuss in our separate posts on the fundamental analysis, and now let's move on to the technical analysis. Technical analysis is a search for recurring patterns on a price chart in order to predict its future behavior. Let's go back to the time when candlesticks were invented. These charts appealed to traders so much that they began to look for repeating combinations of candlesticks, which served as signals of future price movement. For example, there is a combination called "bearish engulfing" . When the market has a clear upward trend, and in one day, a massive bearish candle appears, the body of which closes the body and shadows of the previous candle - it can herald the reversal of the uptrend. Or, if the market for three days in a row is drawn three black candles with massive bodies - they are called "three crows" . Traders interpret this as a sign that the downtrend is continuing. Doesn't that sound like an omen to you? In fact, people have made up dozens of similar patterns and many more that, like weather forecasts, don't always come true. You must have sensed that I cover this topic rather cursorily? This is due to the fact that I do not use technical analysis at all. That is, I do not make predictions based on recurring situations from the past. I do, however, use one of the tools of technical analysis, which is the average value of the stock price over the year. Not to make predictions, but to have a guideline: when to buy and when to sell stocks of companies with strong fundamentals. I will surely elaborate on this in my next posts, but for now, wrapping up the topic of technical analysis, I want to give one analogy. Stock price movements can be compared to the sea: sometimes it is calm and sometimes it is subject to strong waves. An investor can be compared to the captain of a ship who has to decide whether to put to sea now or not (i.e. whether to buy stocks or not). A captain who looks at the official weather reports and gauges is like an investor who uses fundamental analysis. And a captain who is only guided by omens and his gut is like an investor making a decision based on technical analysis. You can be captain number two without me, but how to become captain number one is the subject of my blog.
AMEX:SPYEducation
by Be_Capy
PSU BANKS BUY CALLBank Of Baroda 188.60 197.20 184.85 +0.35 +0.19% 99.21M 09/12 Bank of India 95.25 102.85 90.70 -4.95 -4.94% 64.22M 09/12 Bank of maharashtra 28.600 31.400 27.200 -1.450 -4.83% 82.08M 09/12 CBI 33.15 34.50 30.40 +1.60 +5.07% 227.30M 09/12 Canara Bank 317.55 330.50 313.15 -6.85 -2.11% 19.01M 09/12 Indian Bank 271.50 301.00 270.25 -23.45 -7.95% 4.05M 09/12 Indian Overseas Bank 25.80 27.65 24.90 +0.20 +0.78% 121.37M 09/12 Jammu and Kashmir Bank 55.95 62.00 54.25 -5.70 -9.25% 38.40M 09/12 Punjab & Sind Bank 33.800 34.800 30.500 +2.150 +6.79% 49.93M 09/12 Punjab National Bank 56.25 59.40 55.00 -1.45 -2.51% 242.88M 09/12 SBI 616.50 618.00 609.10 +4.85 +0.79% 11.19M 09/12 UCO Bank buy with previous high or ath break. need to patience for reward risk free for new traders,bignner easy to learn and earn think hard almost double in just 2 months.
BSE:PSUBNKBEESLong
by sharemarketgain