Reading Charts - ๐ Hoki doki - this article goes into the logistics of supply and demand when analysing stock movements and is in relation to trading volume which on a supply/demand level is basically the underlying denominator that derives the "Value or Price" of the underlying asset. Economics 101 stuff, but how does this aspect actually correlate with "Wall Street" stocks or indexes fluctuations in terms of value or price? I must say that I have been surprised when analysing past 'market' fluctuations when comparing the changes in the volume being traded and the actual affect that it would or probably better put 'should' have on the stock being traded. I'm somewhat bemused by what I am seeing in some instances so will be very interested in others feedback in terms of the charts ๐ I
An in-depth look at the US Stockmarket featuring perspectives
ChartStorm - Perspectives PackOur Biggest Report yet: an in-depth look at the US Stockmarket featuring perspectives on price, fundamentals, valuations, styles, sectors, global, asset allocation + market curiosities...This report takes you on a journey through markets and offers timeless principles, historical cautionaries, and practical takeaways for investors โ with a charts + data-driven look at the biggest risks and opportunities in the coming years. $S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2406(ESmain)$$NASDAQ(.IXIC)$$Invesco QQQ(QQQ)
$iShares Bitcoin Trust(IBIT)$ Think about this:[Happy][Happy][Happy]BTC demand of the US BTC ETF's alone is now 10x the daily mining supply since halving. Next week the Hong Kong ETF's ( China buyers mostly) are coming online. Australia, Vietnam, South Korea and now Germany, UAE and the Saudis are coming this year. Many think the mysterious Mr. 100 who's been buying 100 BTC per week since the beginning of the year is a Saudi elite. Factor in the individual billionaire and millionaire whales and demand is in the "banana zone" ( the 12-18 months post halving as Raoul Pal calls it)That's coming in the next 3-6 weeks and will likely push BTC close to 500k by the end of 2025. There is nowhere near enough supply to handle the enormous demand now and in
$Agios Pharmaceuticals(AGIO)$ Agios Pharmaceuticals, Inc. (Nasdaq: AGIO), a leader in the field of cellular metabolism pioneering therapies for rare diseases, today announced the company will host a conference call and live webcast on Thursday, February 15, 2024, at 8:00 a.m. ET to report its fourth quarter and year end 2023 financial results and other business highlights. A live webcast of the presentation can be accessed under "Events & Presentations" in the Investors section of the company's website at www.agios.com. A replay of the webcast will be archived on the companyโs website for at least two weeks following the presentation. About Agios Agios is the pioneering leader in PK activation and is dedicated to developing and deliverin
Source: Tiger Trade appThe Bearish Engulfing is a technical pattern that occurs when the current bullish candlestick (upward candle) is completely engulfed or "eaten" by the preceding bearish candlestick (downward candle).The Bearish Engulfing may suggest a shift in market sentiment towards bearishness and indicate a potential price decline.The characteristics of Bearish Engulfing are as follows:Uptrend: Bearish Engulfing typically appears during an uptrend, indicating a potential signal for price reversal.First Candlestick: The first candlestick is a larger body representing bullish strength.Second Candlestick: The second candlestick is a larger body that fully engulfs or covers the body of the first candlestick.Reversal Signal: The appearance of Bearish Engulfing is considered a signal o
Source: Tiger Trade appThe Bullish Harami is a technical pattern that appears on price charts of stocks or other financial markets as a larger bearish candlestick (downward candle) surrounded or "pregnant" with a smaller bullish candlestick (upward candle).The Bullish Harami suggests that a downtrend may be coming to an end, and there might be a chance for a reversal and upward movement in prices.The technical characteristics of the Bullish Harami are as follows:Downtrend: The Bullish Harami often appears after a downtrend, indicating that the downtrend may be approaching its end.First Candlestick: The first candle is a longer bearish candle, representing selling pressure.Second Candlestick: The second candle is a shorter bullish candle that is located within the body of the first candle,
$OVERSEA-CHINESE BANKING CORP(O39.SI)$ Saw a higher high and lower lower trend. So What is higher high and lower low. This refers to a price trend where the stock consistently sets new highs and lows. Higher highs indicate a bullish trend, suggesting increasing investor confidence and potential for further price appreciation. Lower lows, on the other hand, indicate a bearish trend, suggesting decreasing confidence and potential for further price declines. Do you due diligence check before invest @TigerEvents @TigerStars @MillionaireTi
$Invesco QQQ Trust-ETF(QQQ)$ Technical Analysis of QQQ Daily trend: consolidating between 383 and 394. Weekly trend: strong bullish uptrend after bottoming in October and breaking out of previous 2023 high of 387 Volume: Average volume the past 10 trading days RSI: Daily RSI close to oversold levels but can remain elevated for some time. Bollinger band: Width is contracting indicating a large move is impending. This is not necessarily bearish as stock price can follow or touch repeatedly the upper band for some time MACD: Turned negative on 1 Dec but it is a lagging indicator and trend looks like it is turning positive soon Seasonality: Bullish bias going into the close of 2023 a pre-election year. Price target: L
So far quite a good rally for the month of December 2023! Meme stocks are doing great as well, partially triggered by the good sentiment of the crypto market I believe. Today, let's look into a few meme stocks in the view of technical analysis. FFIE The famous meme EV maker! The stock price has been dropped over 90% this year, huge loss to most investors! If we look purely at the chart, a very bearish sentiment without doubt, keep breaking lower and lower. However, the only thing that catches my attention is last night rebound. This rebound is quite attractive and valid as it comes with a solid green candle and most importantly followed by a huge volume which is easily over 5 times than the past 6 months daily average volume. Some volume kick in and this might be the kick start of the
Watch A, MCD, WMT,WAT, TRV, MCD & ETRโs Behave When Reaching 200SMA
I personally refer to technical analysis for my short-term entry and exit decisions.Especially refer to some important price moving averages, such as 200-day simple moving average (SMA)Because SMA200 more reflects the reversal of a long-term trend, when the price moves near an important moving average, it usually acts as pressure or support.According to Investorpedia, the 200-day and 50-day moving averages are sometimes used together, with crossovers between the two lines considered technically significant๏ผDeath CrossGolden CrossFor example, after reviewing some of the stocks that rose well on Tuesday, I think the next trend of a few stocks is worth noting, or may usher in a turn around 200SMA area.1. $Agilent(A)$ After the companyโs Q3 earnings
The Bearish Harami is a technical pattern that typically appears on price charts of stocks or other financial markets. It consists of a larger bullish candlestick (upward candle) followed by a smaller bearish candlestick (downward candle) whose body is completely contained within the body of the first candle.The Bearish Harami suggests that an uptrend may be coming to an end and a downtrend might be on the horizon.The technical characteristics of the Bearish Harami are as follows:Uptrend: The Bearish Harami often appears after an uptrend, indicating that the upward trend may be ending.First Bullish Candle: The first candle is a larger body, representing bullish strength.Second Bearish Candle: The second candle is a smaller body that is completely contained within the body of the first cand
Source: Tiger Trade appThe Rising Wedge is a technical pattern composed of two trendlines: an ascending support line and an ascending resistance line. These two lines gradually converge to form a wedge shape.This pattern typically appears on price charts of stocks or other assets, indicating a potential bearish reversal signal.The characteristics of the Rising Wedge are as follows:Support Line: The support line is an ascending trendline connecting consecutive higher lows, suggesting a strengthening uptrend.Resistance Line: The resistance line is an ascending trendline connecting consecutive higher highs, indicating a gradual reduction in buying pressure.Gradual Convergence: The support and resistance lines gradually converge, forming a wedge shape, which indicates that the price may break
Source: Tiger Trade appThe Falling Wedge is a technical pattern consisting of two trendlines: an ascending support line and a descending resistance line. These two lines gradually converge to form a wedge shape.This pattern commonly appears on price charts of stocks or other assets, indicating a potential bullish reversal signal.The characteristics of the Falling Wedge are as follows:Support Line: The support line is an ascending trendline connecting consecutive lower lows, suggesting a weakening downtrend.Resistance Line: The resistance line is a descending trendline connecting consecutive lower highs, indicating a gradual reduction in selling pressure.Gradual Convergence: The support and resistance lines gradually converge, forming a wedge shape, which indicates that the price may break
How to Pick Stock Market Bottoms โ 4 Signals to Watch For
Learn these four tools that will help you spot stock market bottoms. They will tell you when itโs time to start buying stocks again after a stock market decline.As swing traders, we want to avoid the big downside drops and get back in once there are quality signals that a new uptrend is starting.There are actually highly reliable signals that alert us when an uptrend is potentially starting following a decline; in other words, these signals alert us when the stock market has bottomed. Not the exact bottomโฆbut shortly after.Once those signals have been generated by the market we can start buying stocks for swing trades (with valid trade setups).A few notes before we begin:By โstock marketโ I mean the major indexes. Typically I look at the S&P 500 (SPX on TradingView) and/or the Nasdaq 1
Technical Analysis -- Episode 15: Three outside up
Source: Tiger Trade appThe three outside up is a technical pattern commonly observed on price charts, indicating a potential uptrend in the market.The three outside up pattern consists of three consecutive candlesticks, where the second bullish candle completely engulfs or "swallows" the body of the first bearish candle, and the third larger bullish candle breaks above the highs of the previous two candles.Its specific characteristics are as follows:First candlestick: The first candlestick is a bearish candle (the body is between the open and close prices) and indicates the current trend is a downtrend.Second candlestick: The second candlestick is a bullish candle (the body is between the open and close prices) that completely engulfs or "swallows" the body of the first bearish candle, sug
Source: Tiger Trade appThe double bottom pattern, also known as the "W" pattern, is a technical formation characterized by two nearby or equal low points on the price chart of a stock or other asset, forming a shape resembling the letter "W."The Double Bottom Pattern suggests a potential price reversal and an opportunity for an uptrend.Key characteristics of the Double Bottom Pattern include:Two low points: The Double Bottom Pattern consists of two low points, typically located at relatively close price levels, forming a relatively flat bottom area.Intermediate high point: There may be an intermediate high point between the two low points, with its price usually higher than the previous low point but lower than the overall trend's resistance level.Resistance line: The straight line connect
$American Strategic Investment(NYC)$ Congratulations to trader who had bought on September ๐ ๐ฆ๐ผ๐ฐ๐ถ๐ฒ๐๐ ๐ผ๐ณ๐๐ฒ๐ป ๐ฝ๐ฎ๐ถ๐ป๐๐ ๐ฎ ๐ด๐น๐ฎ๐บ๐ผ๐ฟ๐ผ๐๐ ๐ฝ๐ถ๐ฐ๐๐๐ฟ๐ฒ ๐ผ๐ณ ๐๐ฒ๐ฎ๐น๐๐ต. ๐ฌ๐ฒ๐, ๐ฑ๐ผ๐ปโ๐ ๐ฏ๐ฒ ๐๐๐ฎ๐๐ฒ๐ฑ ๐ฏ๐ ๐๐ต๐ฒ ๐๐๐ฝ๐ฒ๐ฟ๐ณ๐ถ๐ฐ๐ถ๐ฎ๐น ๐ด๐น๐ถ๐๐. ๐ค Imagine watching a share youโve traded climb steadily, the satisfaction of owning a property that appreciates over time, or the joy of seeing your startup flourish. This is wealth's most profound form - not always visible to the world, but always present and growing in your portfolio. ๐๐ผ๐ผ๐ธ ๐ฏ๐ฒ๐๐ผ๐ป๐ฑ ๐๐ต๐ฒ ๐ณ๐ฎ๐ฐ๐ฎ๐ฑ๐ฒ and focus on creating true, lasting wealth through smart financial decisions. ๐
Reading Charts - ๐ Hoki doki - this article goes into the logistics of supply and demand when analysing stock movements and is in relation to trading volume which on a supply/demand level is basically the underlying denominator that derives the "Value or Price" of the underlying asset. Economics 101 stuff, but how does this aspect actually correlate with "Wall Street" stocks or indexes fluctuations in terms of value or price? I must say that I have been surprised when analysing past 'market' fluctuations when comparing the changes in the volume being traded and the actual affect that it would or probably better put 'should' have on the stock being traded. I'm somewhat bemused by what I am seeing in some instances so will be very interested in others feedback in terms of the charts ๐ I
An in-depth look at the US Stockmarket featuring perspectives
ChartStorm - Perspectives PackOur Biggest Report yet: an in-depth look at the US Stockmarket featuring perspectives on price, fundamentals, valuations, styles, sectors, global, asset allocation + market curiosities...This report takes you on a journey through markets and offers timeless principles, historical cautionaries, and practical takeaways for investors โ with a charts + data-driven look at the biggest risks and opportunities in the coming years. $S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2406(ESmain)$$NASDAQ(.IXIC)$$Invesco QQQ(QQQ)
$iShares Bitcoin Trust(IBIT)$ Think about this:[Happy][Happy][Happy]BTC demand of the US BTC ETF's alone is now 10x the daily mining supply since halving. Next week the Hong Kong ETF's ( China buyers mostly) are coming online. Australia, Vietnam, South Korea and now Germany, UAE and the Saudis are coming this year. Many think the mysterious Mr. 100 who's been buying 100 BTC per week since the beginning of the year is a Saudi elite. Factor in the individual billionaire and millionaire whales and demand is in the "banana zone" ( the 12-18 months post halving as Raoul Pal calls it)That's coming in the next 3-6 weeks and will likely push BTC close to 500k by the end of 2025. There is nowhere near enough supply to handle the enormous demand now and in
$Agios Pharmaceuticals(AGIO)$ Agios Pharmaceuticals, Inc. (Nasdaq: AGIO), a leader in the field of cellular metabolism pioneering therapies for rare diseases, today announced the company will host a conference call and live webcast on Thursday, February 15, 2024, at 8:00 a.m. ET to report its fourth quarter and year end 2023 financial results and other business highlights. A live webcast of the presentation can be accessed under "Events & Presentations" in the Investors section of the company's website at www.agios.com. A replay of the webcast will be archived on the companyโs website for at least two weeks following the presentation. About Agios Agios is the pioneering leader in PK activation and is dedicated to developing and deliverin
Source: Tiger Trade appThe Bearish Engulfing is a technical pattern that occurs when the current bullish candlestick (upward candle) is completely engulfed or "eaten" by the preceding bearish candlestick (downward candle).The Bearish Engulfing may suggest a shift in market sentiment towards bearishness and indicate a potential price decline.The characteristics of Bearish Engulfing are as follows:Uptrend: Bearish Engulfing typically appears during an uptrend, indicating a potential signal for price reversal.First Candlestick: The first candlestick is a larger body representing bullish strength.Second Candlestick: The second candlestick is a larger body that fully engulfs or covers the body of the first candlestick.Reversal Signal: The appearance of Bearish Engulfing is considered a signal o
Source: Tiger Trade appThe Bullish Harami is a technical pattern that appears on price charts of stocks or other financial markets as a larger bearish candlestick (downward candle) surrounded or "pregnant" with a smaller bullish candlestick (upward candle).The Bullish Harami suggests that a downtrend may be coming to an end, and there might be a chance for a reversal and upward movement in prices.The technical characteristics of the Bullish Harami are as follows:Downtrend: The Bullish Harami often appears after a downtrend, indicating that the downtrend may be approaching its end.First Candlestick: The first candle is a longer bearish candle, representing selling pressure.Second Candlestick: The second candle is a shorter bullish candle that is located within the body of the first candle,
So far quite a good rally for the month of December 2023! Meme stocks are doing great as well, partially triggered by the good sentiment of the crypto market I believe. Today, let's look into a few meme stocks in the view of technical analysis. FFIE The famous meme EV maker! The stock price has been dropped over 90% this year, huge loss to most investors! If we look purely at the chart, a very bearish sentiment without doubt, keep breaking lower and lower. However, the only thing that catches my attention is last night rebound. This rebound is quite attractive and valid as it comes with a solid green candle and most importantly followed by a huge volume which is easily over 5 times than the past 6 months daily average volume. Some volume kick in and this might be the kick start of the
$Invesco QQQ Trust-ETF(QQQ)$ Technical Analysis of QQQ Daily trend: consolidating between 383 and 394. Weekly trend: strong bullish uptrend after bottoming in October and breaking out of previous 2023 high of 387 Volume: Average volume the past 10 trading days RSI: Daily RSI close to oversold levels but can remain elevated for some time. Bollinger band: Width is contracting indicating a large move is impending. This is not necessarily bearish as stock price can follow or touch repeatedly the upper band for some time MACD: Turned negative on 1 Dec but it is a lagging indicator and trend looks like it is turning positive soon Seasonality: Bullish bias going into the close of 2023 a pre-election year. Price target: L
$OVERSEA-CHINESE BANKING CORP(O39.SI)$ Saw a higher high and lower lower trend. So What is higher high and lower low. This refers to a price trend where the stock consistently sets new highs and lows. Higher highs indicate a bullish trend, suggesting increasing investor confidence and potential for further price appreciation. Lower lows, on the other hand, indicate a bearish trend, suggesting decreasing confidence and potential for further price declines. Do you due diligence check before invest @TigerEvents @TigerStars @MillionaireTi