longsonvn

longsonvn

On April 26, 2024, NASDAQ:AVGO is among the first stocks that went back above MA-20 and MA-50 while the main indices SP:SPX and NASDAQ:NDX are still below their own MA-20, MA-50. An aggressive buy point is here. A confirmation is when NASDAQ:AVGO broke out the yellow trendline shown on the chart.

longsonvn

As you can see in my related ideas section, I opened a position in NASDAQ:GOOGL on April 1, 2024 and decided to sell my entire position around April 15-18. Therefore I missed the upside on breaking out after earnings. Here are the main reasons why I decided to sell. The overall market was very weak during that time. The main indices NASDAQ:NDX , SP:SPX ...

longsonvn Updated 

On April 1, 2024, NASDAQ:GOOGL broke out to a new high, as mentioned in my post in the related ideas section. I entered my first position there on that candle. Now, what is the target price? I don't use target prices much in my trading because I am a trend-following trader, and I am trying to hold on to a position for as long as possible until the uptrend...

longsonvn

On April 26, 2024, The weekly chart of NASDAQ:NDX shows a weekly recovery from the MA-30 week. NASDAQ:NDX closed near the weekly high which is encouraging. The current close is right near the resistance 17,780 which was broken during the week April 15-19. Looking closer at the daily chart we can see that the resistance is at the same level with both...

longsonvn

On April 25, 2024, I opened a pilot position in NASDAQ:AMD here for a few reasons.. The stock seems to react well at the MA-150 (the orange line) on the daily chart On the weekly chart, NASDAQ:AMD is trading at a meaningful support which is the previous peak from 2022. We should be careful here because the earnings will be released on April 30....

longsonvn

On April 25, 2024, NASDAQ:META crashed 12% pre-market after earnings release. The question is that whether it is a buy now? For me I do not intend to buy on crash. I am looking for a pattern, or at least, a meaningful support, to buy. At this level, even 12% down pre-market, I do not see any meaningful support here nor any pattern therefore I am not buying now.

longsonvn

On April 24, 2024 2:43AM UTC OANDA:EURUSD is moving in a rising channel as shown on the 4h chart A breakdown below this channel would suggest a further decline to 1.0542 (first target) and 1.0402 (second target) If using a sell stop order, one can place the stop loss right above the lower boundary of the rising channel.

longsonvn Updated 

On April 22, 2024, CAPITALCOM:NATURALGAS is trading below the resistance of 2.04 - 2.05 (yellow line) from Feb 6, 2024, with 3 bottoms forming as shown on the chart. A break above this resistance would trigger a buy signal with the target around 2.45 as shown on the chart, the same distance to the resistance as the from first bottom.

longsonvn Updated 

As the close of April 22, 2024, NASDAQ:MSFT had the first reaction at the support area, the white line as shown on the chart, which started to form since January, 2024. The close provides an early entry opportunity to see if the support can hold. We can put the stop loss 2% below the low of the April 22 session. Another risk we need to pay attention to is...

longsonvn Updated 

On April 22, 2024, NYSE:IOT showed its first reaction at its MA-150/200 and closed the session at the high. During the last 5 sessions, from April 16, NYSE:IOT formed a small possible bottom pattern when it did not make the new low while the general market SP:SPX NASDAQ:NDX did so. Therefore I think we can try an early entry here with the stop 1%-2%...

longsonvn Updated 

On April 23, 2024, on a daily chart, OANDA:EURUSD is moving inside a small consolidation zone after a big down move from April 10, 2024. A break down below this triangle suggests a further down move to 1.047, which has the same distance to the consolidation zone as from the start of the previous down move.

longsonvn Updated 

On April 21, 2024, 2:32AM UTC, CRYPTO:BTCUSD is trading right below a resistance $65,500 AND Its EMA-34 at $65,800. On the 4h chart we can see a smaller pattern with the same resistance A break above these levels would be a buy signal.

longsonvn

As of April 23, 2024, CAPITALCOM:COPPER is trading right above the multi-week high (from January 2023). CAPITALCOM:COPPER moved above this resistance last week and is currently testing it. With the stop loss below the low of last week, I think it is appropriate to open a long position here with the target price around 5, as shown in the chart.

longsonvn Updated 

As of April 17, 2024, NASDAQ:META is trading right at the yellow trendline as shown on the chart. A breakdown below this trendline would suggest further decline another 8%, to around $450

longsonvn Updated 

As a trend-following trader, I am not a "target price" guy. But let's try this time anyway. OANDA:XAUUSD might reach $2350 this time, based on the pattern shown on the chart.

longsonvn Updated 

As TVC:GOLD reached the first price target that I wrote on March 30, 2024 (see the related ideas section) I closed half of my position. For another half, I still hold a long position while moving up the trailing stop. Now let's find the next target for OANDA:XAUUSD As shown on the chart, I expect the next stop is around $2500.

longsonvn

On April 22, 2024, TVC:GOLD started to move down below the trendline which is shown on the chart. Therefore I have closed the rest of my long position in $OANDA:XAUUSD. See the related ideas section for the description of my previous positions. Overall, it seems TVC:GOLD is still in an uptrend both on daily and weekly chart therefore I am not shorting it.

longsonvn

On April 22, 2024, OANDA:USDCAD is trading near the 6-month high (the white line) and the 52-week high (the yellow line) A break above the yellow resistance would trigger a buy signal with a target price at the red line shown on the chart, which has the same distance to the yellow resistance as from the July bottom of 2023.