2. SHRIRAMFIN
The stock has taken support near its 50-week EMA while OI support is also visible around the 920 zone.
On the daily chart, a falling wedge breakout is taking shape with the stock reclaiming the 20 and 50-day EMAs.
As long as the stock holds above 935, the structure remains constructive. The next key hurdle stands near 1000, which will be an important level to watch.
#ShriramFinance#StockTips
#Amazon was down 1.2% on Friday and is testing the $239 support level again. It has wicked below the last 2 days but just about held the line by the close. This could be the start of a bear flag and it looks like that level will break in the coming days so no trade here for me.
If 239 breaks, there is a gap fill at $214 which is next support. This will likely line up with the orange trend line (depending on how long it takes to get there) and if it does, it could be a good long trade IMO.
If it gets a bounce from this 239 level, $257 is resistance.
$AMZN#trading#investing#stocks#stocktips#nasdaq#Mag7
NOTE:
The strong rumours are that the US and Iran will sign a peace deal today or very soon. This probably gives the market a quick bounce so this must be considered when taking any trades. BUT I deliberately said a quick bounce as it may be a sell the news event that quite is quite quickly given up.
Goodmorning Friends,
Amateurs focus on how much they can make. Professionals focus on how much they can lose. Protect your capital first, and the market will reward your patience.
#trading#market#stocktips
We are closer to a peace deal than ever before. With finalisation likely expected in the next 24 hours, Pakistan is preparing for the electronic signing of the peace deal immediately after, followed by technical level talks next week.
- Pak PM
#Reading_between_lines#Iran#IranWar#etherium#NLCINDIA#BankNifty#StockTips#Sensex
My Emotional Edge:
-Eat only fruit and bluebberies with peaunut butter (less stress on body)
-No caffiene or alcohol...zero nada (no jitteriness)
-Meditate 60 minutes a day...sometimes more if I feel I need it
-8 hours of Sun per week...minimum
Technical Edge on Microcap Short:
-70% extension or more from 50 day MA
-No float size cap under 5 million (too much volatility)
-15% risk on topside per trade
-Event happens over 150 times a year
-60% expected value from each trade....but only need 40%.
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#stocktips#swingtrading
Only took one trade today.
$CAST was at the 70% extension....took the short at 10:00 AM. (see grey circle)
Didn't get filled....3rd not fill this week. Getting approved with Cobra Trading which have much better fills.
Excited as I can start building some real momentum.
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#stocktips#swingtrading
🔴 10% loss today
I sized consistently with every other trade I’ve taken this week & entered right at the level
$spy & $qqq flipped bullish & ruined my fun so $nflx didn’t continue to flush
I cut & moved on!
🔐 Feeling really good about my discipline
#netflix#stocktips$spx
AI needs chips.
Chips need fabs.
Fabs need equipment, chemicals, gases, water, power, and precision engineering.
The opportunity extends far beyond just AI companies.
#stocktips
Perpetual futures imply 30% debut
Geopolitics
#Iran - US deal could be signed Sunday
Strait of Hormuz reopening under discussion
Draft includes US crude-sanctions relief
11 Analyst Forecasts: Benzinga
AMD $AMD — Citi | Buy (from Neutral) | TP $575
#StocksInFocus#stocktips