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APPLE ($AAPL) – Q1 FY25 EARNINGS & WHAT’S NEXT APPLE ( NASDAQ:AAPL ) – Q1 FY25 EARNINGS & WHAT’S NEXT (1/8) Revenue: $124.3B (+4% YoY) – A new all-time record! Services soared +14% to $26.3B, offsetting a slight dip in iPhone sales. Let’s see how Apple’s holding up. 🍎📈 (2/8) – EARNINGS BEAT • EPS: $2.40 (beat by $0.06) • Gross margin: 46.9%, topping estimates 🔥 • Despite China sales dropping 11% to $18.51B, Apple still racked up big gains elsewhere 🌏 (3/8) – SECTOR SNAPSHOT • Market cap $3.5T+, P/E ~30 • Some call it pricey vs. tech peers, but brand strength + services + potential AI expansions = possible undervaluation 🤔 • Compares favorably to Microsoft, Samsung, etc., given stable product + services synergy 🌐 (4/8) – RISKS TO WATCH • Geopolitical: China manufacturing & sales reliance → Trade tensions? Tariffs? 🏭 • Innovation Pace: Competitors could leapfrog Apple in AI or other emerging tech 💡 • Regulatory: Antitrust cases (App Store) could pinch profitability ⚖️ • Economy: Premium pricing in downturn—brand loyalty helps, but can’t ignore recession effects 💸 (5/8) – SWOT HIGHLIGHTS Strengths: Legendary brand loyalty & huge install base Growing services revenue (+14%!) Massive cash reserves for R&D & buybacks Weaknesses: Heavy dependence on iPhone sales China manufacturing concentration Opportunities: AI, AR/VR expansions (Vision Pro, maybe more) Emerging markets → untapped smartphone penetration 🌍 Services sector continuing to expand ⚡ Threats: Fierce competition (especially in China) 🦖 Trade tensions & supply chain hiccups 🌐 Shifts in consumer tech tastes or new disruptors (6/8) – CHINA SALES DENT • China down 11%—that’s a chunk given its importance • Local giants (Xiaomi, Huawei) are snapping at Apple’s heels 🦾 • Will Vision Pro + AI upgrades woo Chinese consumers back? 🤔 (7/8) – Is Apple undervalued at a $3.5T market cap & P/E of 30? 1️⃣ Bullish—Brand power + AI = unstoppable 🍀 2️⃣ Neutral—Solid, but watch those China risks 🔍 3️⃣ Bearish—Too expensive, competition’s rising 🐻 Vote below! 🗳️👇
NASDAQ:AAPLLong
by DCAChampion
1
ISM Manufacturing & ISM Services PMI Combined show trigger levelISM Manufacturing and ISM Services PMI Combined 🪢 This week the ISM PMI's were released as follows: 🚨ISM Manufacturing PMI = 47.2 (contractionary) ✅ISM Services PMI = 51.5 (expansionary) With both metrics offering mixed signals, I decided to make a chart that combines the ISM Manufacturing and ISM Services PMI into one dataset on the chart. Interestingly it provided a clean chart with many patterns to observe, and useful forward looking trigger levels to keep an eye on. Don't forget you can update on this chart data anytime on my TradingView page with one click. At present you can see that the data is compressed into a something resembling a "Darvas Box". I understand this not price but data, however this economic data is clearly in a compressed channel and appears uncertain in terms of a definitive direction. It has also never been in a pattern like this for this long in the past, which could mean a break out up or down is closer than it is further away. Prior patterns have demonstrated that break throughs of both diagonal and horizontal support lines has resulted in significant downward movements. This is evident on the chart and this is something we can watch out for should we break below the box. Consistent with past recession's the Combined PMI dropped below the 50 level (🔴red circles) way back in Dec 2022. Since then we have oscillated around the 50 level in the compressed box in indecisive fashion. Never has the data behaved specifically this way in the past, specifically for this long. There are no other compressed boxes of data lasting this long. At some stage the ISM Data will push the its way out of this box I have drawn and it could be a good indicator to observe for early signals of the direction of the economy in the U.S. as a whole (both services and manufacturing combined) As always, this chart in on my TradingView page, and you can click on it at any stage to get an updated reading on the chart so you can quickly get a visual update on the direction of the U.S. Economy via combined ISM PMI's. Enjoy PUKA
ECONOMICS:USBCOI
by PukaCharts
1
Macro Monday 45~The China Caixin PMI (Manu, Serv & Composite)Macro Monday 45 The China Caixin PMI (Services and Composite released Today Monday) Last week week we looked at the China Caixin Manufacturing PMI which will revise today with its updated readings that were released last Tuesday. We will also look at the China Caixin Services PMI and the Caixin Composite PMI (a combination of the Services and Manufacturing PMI's) as these will both be released later today. 1.Manufacturing PMI – Already released 2. Services PMI – Released Today 6th May 2024 3. Composite PMI Released Today 6th May 2024 (both 1 + 2 combined) What is the Caixin PMI? ▫️ The is an S&P Global report released monthly. ▫️ The Caixin PMI focuses on small & medium sized enterprises (SME’s) in China. ▫️ Surveys a small sample size of 650 private and state owned manufacturers and service providers. Why Focus on China PMI's? China, the 2nd largest economy in the world at approx. $18 trillion is often referred to as the world’s manufacturing superpower. In 2019, the Chinese manufacturing sector contributed nearly $4 trillion towards the country’s total economic output. Manufacturing accounted for almost 30% of China’s GDP during 2019 demonstrating the importance of manufacturing and the surveys completed by the manufacturers through the Purchaser Managers Index (PMI) surveys. Incredibly, in 2023 China’s manufacturing continued to increase and contributed 31.7% to China GDP, furthermore China’s exports reached record highs of $3.36 trillion. For a country that gets a lot of bad economic press, the economic data from manufacturing and exports suggests China is adaptable and is currently in expansionary territory. This will be further evident from the PMI charts we are about to review also. Like most PMI’s the data will generally be derived from the following sub indicies; New Orders, Output, Employment, Supplier Deliveries and Inventories. Reading both PMI’s: >50 indicates expansion in the manufacturing sector compared to the previous month. < 50 represents contraction A reading of 50 indicates no change. The Charts China Caixin Manufacturing PMI - APR 2024 ✅51.4 = Expansionary (>50 is expansionary) ▫️ Increased from 50.9 in Feb 2024 to 51.1 in Mar 2024 ▫️ Increased from 51.1 in Mar 2024 to 51.4 in Apr 2024 – Figures for April were released on the 30th April 2024 (last week). ✅The Caixin Manufacturing PMI has remained expansionary for 6 consecutive (Nov 2023 – Apr 2024). It has been on a long term recovery since the Feb 2020 lows of 40.3, since then making a series of higher lows and recently sustaining 6 months of expansionary readings. China Caixin Services PMI - Mar 2024 ✅52.7 = Expansionary (>50 is expansionary) ⏳ April Figures released today (pending) ▫️ Increased from 50.2 in Sept 2023 to 52.7 in Mar 2024 ▫️ Increase/decrease from 52.7 in Mar 2024 to ??? in Apr 2024 – Figures for April are released on today Monday 6th April 2024. ✅The Caixin Services PMI has remained expansionary for 15 consecutive months (Jan 2023 – Mar 2024). It has been on a long term recovery since the Feb 2020 lows of 26.5 when services took a huge hit during COVID-19 lockdowns, since then making a series of higher lows and recently sustaining 15 months of expansionary readings. China Caixin COMPOSITE PMI - Mar 2024 ✅52.7 = Expansionary (>50 is expansionary) ⏳ April Figures released today (pending) THIS IS THE SUBJECT CHART AT OUTSET ▫️ Increased from 50 in Oct 2023 to 52.7 in Mar 2024 ▫️ Increase/decrease from 52.7 in Mar 2024 to ??? in Apr 2024 – Figures for April are released on today Monday 6th April 2024. ✅The Caixin Composite PMI has remained expansionary for 5 consecutive months (Nov 2023 – Mar 2024). It has been on a long term recovery since the Feb 2020 similar to Manufacturing and Services PMI charts above. Looking at the composite chart, one can see that we moving sideways since Dec 2023 (Dec 52.6, Jan 52.5, Feb 52.5 & Mar 52.7). We are comfortably in the expansionary green zone on the composite. In Summary (subject to tomorrow’s readings for the Services and Composite PMI but we assume expansionary) China Caixin Manufacturing PM I ↗️ Expansionary The Caixin Manufacturing PMI for April 2024 rose to 51.4, marking the sixth straight month of expansion and the fastest growth since February 2023 China Caixin Services PMI ↗️ Expansionary As of March 2024, the Caixin Services PMI increased slightly to 52.7, indicating growth in the services sector for the 15th consecutive month (April 2024 Figures Release Today) China Caixin COMPOSITE PMI ↗️ Expansionary The Composite PMI reached 52.7 in March 2023, the highest since May 2023, showing the fifth consecutive month of growth in overall private sector activity. (April 2024 Figures Release Today) All the above readings suggest a continued expansion across China’s services and manufacturing sectors, reflecting improvements in demand and business activity across the SME cohort. All these charts are available on my Tradingview Page and you can go to them at any stage over the next 5 - 10 years press play and you'll get the chart updated with the easy visual guide I provided. I hope its helpful Lets get after it again this week 💪🏻 PUKA
C
by PukaCharts
Macro Monday 40 - Euro Area Composite PMI Macro Monday 40 Euro Area Composite PMI (Released this Thurs 4thApril 2024) The Euro Area Composite PMI (Purchasing Managers’ Index) is a significant coincident economic indicator that provides insights into the current overall health of the eurozone economy. The Euro Area Composite PMI data is collected from a representative panel of around 5,000 manufacturing and services firms around the EU and then a weighted average of the two is provided to create the composite reading. This index tracks variables such as sales, new orders, employment, inventories, and prices. Very similar to the US PMI that we previously covered. The Chart The chart illustrates the following metrics; 🟢Manufacturing PMI (green line) 🔴Services PMI (red line) 🔵Overall composite PMI (Thick Blue Line) The green zone (>50) illustrates the economic expansion zone and the red area illustrates the economic contraction zone (<50). The 50 level itself is neutral. Now, let’s very briefly cover the last three weeks of Macro Mondays No. 38, 39 & todays 40. These all featured the Eurozone economic health and can be valuable metrics to remain informed on. With a click of my charts in trading view you can remain updates with a visual easy on the eye. EU Current Sentiment Outlook (negative but improving) 1.The Euro Area Economic Sentiment Index is based on current sentiment surveys from EU Businesses and consumers for all 27 EU Member States. -The current economic outlook as distinguished by businesses and consumers in the EU is currently below average at 96.3 (<100 is below average and >100 is above average). - We have seen an improvement since Sept 2023 with an increase from 93.4 to 96.3 at present but remain in the negative. EU Forward Looking Sentiment (Firmly Positive) 2.The Euro Area ZEW Economic Index is a 6 month forward looking economists outlook for 20 of the 27 Euro Member states. -The ZEW Index is anticipating optimistic economic conditions for the coming 6 months with a current reading of 33.5 which is well above the historical average of 21.39 on the chart. Economists in then EU see things improving over the coming two quarters. EU Manufacturing and Services current performance composite (Neutral - leaning negative) 3.Featured today, the Euro Area Composite PMI is a coincident indicator offering real-time health of the Eurozone economy through data collected from manufacturing and services firms. -The Euro Area Composite PMI is currently close to neutral at 49.9 (just under the neutral 50 line) demonstrating that over the recent month we have been in marginal contraction in the EU according to the manufacturing/services composite. - However, if we look at the individual Manufacturing PMI we can clearly see we are in negative/contractionary territory at 45.7 (green line) whilst the services PMI is rising into expansionary territory at 51.1 (red line). This is common theme in the US PMI at present also with services performing better than manufacturing sector. The beauty of these charts is that you can go onto my TradingView Page and press update, and the chart will update you with all these metrics, informing you at a glance with how these metrics are performing collectively with a nice visual guide. Thanks again for coming along and I hope this additional Eurozone chart helps you in your current and future understandings of EU Economic Sentiment, Forward looking economists sentiment and how manufacturing and services firms are feeling overall. Bottom line is, economic sentiment appears to be leaning optimistic for the immediate future, however we await more readings for a conclusive trend direction from the coincident indicators, the ZEW Index and the Euro Area PMI index. PUKA
E
by PukaCharts
Macro Monday 35~Richmond Fed Manufacturing and Services IndexMacro Monday 35 Richmond Fed Manufacturing and Services Index (Released Tuesday 27th Feb 2024 @ 15:00 GMT or 9:00 CT) The Richmond Manufacturing and Services Indexes measures the conditions of each respective industry for the 5th Federal Reserve District which covers the District of Columbia (Washington DC), Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia. Both the indexes are derived from surveys conducted each month of relevant businesses in each respective industry. ▫️ The Richmond Manufacturing Index survey focuses on questions related to production, new orders, employment, prices, capacity utilization, and future expectations within the manufacturing sector. ▫️ The Richmond Services Index survey, on the other hand, asks questions about business activity, new business, employment, prices, inventory, capital expenditures, and future expectations within the service sector. While the specific questions and data points might differ between the surveys, the basic structure and methodology for calculating the diffusion indices remain consistent; The Chart You can see that the green zone is expansionary and the red zone is contractionary. At present Manufacturing (blue line) is in fairly deep contraction at -15 and whilst Services (red line) has recovered from -22 (Apr 2023) to +4 (Jan 2024). Reading the Chart: 🟢Above 0 is expansionary (green zone) 🔴Below 0 is contractionary (red zone) Historic Recession Patterns I have highlighted some patterns on the chart (orange) which demonstrate that historically when Services and Manufacturing declined for a period of between 27 and 45 months a recession can follow such declines. Importantly there was a period of decline in from Apr 2010 – Dec 2013(45 months) which did not result in a recession. During this period Services remained elevated and only fell marginally into contractionary territory for brief spells (which could be a tell of some buoyancy in the market during this period). At present we are 32 months into a general decline in both manufacturing and services. Services have been on the incline since Apr 2023 and recently moved into expansionary territory at +4 in Jan 2024 which is promising and may indicate the beginning of a trend change, however until manufacturing follows this trajectory I believe we are still at risk of repeating history. Manufacturing is down at -15 at present and needs to start as sustainable recovery into expansionary territory. It has remained more a less in contractionary territory since Apr 2022. Why even consider the Richmond Fed index? I think the best way to outline the utility of the Richmond Fed is to compare it to the Dallas Fed Index which will be released later today (Monday). I have covered the Dallas Fed on a previous Macro Monday (link will be in the comments) and I will update you on this index when it is released later today also. Both the Richmond Manufacturing Index and the Dallas Fed Manufacturing Index are valuable indicators of regional manufacturing activity, each offering unique insights. Dallas Fed Index focuses on a major economic manufacturing hub – Texas (An estimated 14.4 million people are employed in the state of Texas) The Dallas Fed Manufacturing Index covers manufacturing activity mainly in the state of Texas. The state of Texas ranks 2nd only to California in factory production & comes in at 1st as an exporter of manufactured goods, thus Texas is an important state for gauging manufacturing & production in the U.S. economy (not services is not included here). Texas also contributes an incredible c.10% towards the U.S. Manufacturing gross domestic product making the index an important metric to consider towards potential GDP trends in the U.S. So, the Dallas Fed is very good at gauging manufacturing in the U.S. simply because of the volume of manufactured goods from the region. Whilst the Dallas Fed Index focuses on a high volume of manufacturing activity and production within the state of Texas, it also specifically focuses on durable goods industries like aerospace, energy, and technology whilst the Richmond Index below is much more diversified in terms of its manufacturing industries, its services sector and regionally diverse. Richmond Index focuses on more economically diverse regions (inclusive of a large services sector) (An estimated 23 - 25 million people are employed in the fifth federal reserve district) This Richmond Index covers the Fifth Federal Reserve District, encompassing an incredibly diverse range of industries across six states. Its difficult to portray the expansive array of various manufacturing and services within these regions but I will try. This index goes far beyond the specific performance of durable goods in an isolated state like Texas and reflects manufacturing and services health across various sectors and regions. It offers economists a broader picture of manufacturing health in the U.S. compared to indices focused on specific industries or regions. To give you an idea of the diverse ranges here: In Washington DC you have a major corporate & services hub; think Accenture, Deloitte, KPMG, Capital One) combined with tech and comms center with the likes of Amazon web services, Verizon Communications & General Dynamics. You obviously have a strong political and legal presence in this region also. Maryland, Virginia and North Carolina appear to have a very strong healthcare dynamic with the likes of Bon Secours Mercy Health System, VCU Health System, Duke University Health System and Atrium Health. Baltimore in Maryland has the Johns Hopkins Hospital and Health System employing over 40,000 employees. All these states appear to have strong university presences also (offering education employment and services) which likely supply the necessary expertise for the medical manufacturing and services that are present across these states. South Carolina is known for having one of the major three Boeing aircraft manufacturing facilities and is also known the manufacturing of Michelin tires. Across all six states you have a rich and diverse farming and forestry industry, food production facilities and waste productions plants. Walmart, Home Depot, Target and Amazon are also present across all these states. You can clearly see why the Richmond Fed offers a more nuanced and complex picture of the U.S. manufacturing and services economy. This diversity in sectors, regions and employment demographic gives us a different insight against the more centralized manufacturing hub contained in Texas under Dallas Fed Index. Furthermore, in terms of employment the six states included in the Richmond Fed Index is approx. 24 million versus the approx. 14.4 million employed in the state of Texas (under the Dallas fed Index). Both indexes are very valuable and should both be equally considered in our assessments of the U.S. economy. Thanks for coming along and learning about the chart history on the Richmond Fed Index, the historic trends and the combined utility of both the Dallas and Richmond Fed Index . PUKA
ECONOMICS:USRFMILong
by PukaCharts
9
EUR/USD eyes German inflationEUR/USD is slightly lower on Wednesday. In the North American session, the euro is trading at 1.0751, down 0.20%. Germany's CPI is expected at 0.2% m/m on Friday, which would confirm the initial estimate from two weeks earlier. On an annualized basis, the initial estimate for CPI came in at 2.9% in January, down sharply from 3.7% in December. A deceleration in energy and food costs was the driver of the downturn in January, which was the lowest inflation rate since June 2021. Core inflation has also been falling, with the initial estimate showing a drop to 3.4%, its lowest rate since June 2022. The drop in German inflation is not all that surprising, as the eurozone's largest economy has been struggling. Germany's manufacturing sector has been in prolonged decline and the services sector is sputtering, with five declines in the past six months. The economy declined in the fourth quarter and another contraction in Q1 would mean that Germany will have entered a technical recession. The eurozone is also grappling with a weak economy, with the latest evidence earlier this week as retail sales slipped 1.1% m/m in December. Despite weak economic conditions in the eurozone and Germany, the European Central Bank has been hesitant to cut interest rates. ECB members have expressed concern that inflation could make a comeback if the ECB were to cut rates too early. That could force the ECB to raise rates again and the optics of such a zig-zag would be disastrous. For now, the ECB remains hawkish on rate policy and is content to continue holding rates until inflation falls closer to the 2% target. Since last week's Fed meeting, a host of Fed members have delivered the message that inflation is heading in the right direction but the Fed plans to be patient and is in no rush to lower rates. The markets have taken note of the Fed's pushback and have pared expectations of a rate cut in March to 18%, down from over 70% in January, according to the CME's Fed Watch tool. EUR/USD tested support at 1.0746 earlier. Below, there is support at 1.0704 There is resistance at 1.0822 and 1.0864
by OANDA
Macro Monday 22 - ISM Services Vs PMI US ISM Non-Manufacturing Index (ISM Services) Next Release: 5th December 2023 (released on third business day of each month) The U.S. Institute for Supply Management (ISM) Non-Manufacturing Index (“ISM Services”) encompasses a wide range of services across various industries. The index is designed to measure the economic activity and health of the services sector in the United States some of which are professional services (accounting, legal, etc.), healthcare (hospitals, clinics & other practitioners), accommodation, leisure and food services. Similar to the ISM Manufacturing Index (aka as the Purchasers Managers Index) which surveys producers and manufacturers which we covered in Macro Monday 13, the ISM Services index is also based on surveys conducted on participants in the relevant services sectors noted above. Also similar to the ISM Manufacturing index, the ISM Services is reported as a diffusion index, where values above 50 indicate expansion or growth in the sector, while values below 50 suggest contraction. This makes both the ISM Manufacturing Index and ISM Services Index easy to compile onto a chart for comparison purposes. The ISM Services Vs ISM Manufacturing Chart The chart demonstrates the following: ▫️ At present ISM Services has been more resilient and is in expansionary territory at 51.8 (above 50) whilst ISM Manufacturing is in contractionary territory below the 50 level at 46.7. ▫️ Both the ISM Services Index and the ISM Manufacturing Index have been in a downward trajectory since 2021. - You can clearly see that since March 2021 the Manufacturing Index has declined from 64.5 down to 46.7 today (Red Line). - Thereafter from November 2021 the ISM Services Index declined from 67.5 down to 51.8 today (Blue Line). ▫️ As you can see on the chart a steep manufacturing decline can often provide advance an warning of a subsequent services decline (grey areas on chart). It’s important to acknowledge that the Manufacturing Index can lead the ISM Services Index. It is important because we discovered in Macro Monday 13 that the Manufacturing Index (AKA Purchaser Managers Index) reading below 42 can provide an advance/confirmation warning of recession, thus more weight could be assigned to the Manufacturing Index than Services Index in predicting a recession (as it appears to lead services direction). For this reason we will review the ISM Manufacturing Index (PMI) indications below. The ISM Manufacturing Chart The main findings of the ISM Manufacturing Index (AKA Purchaser Managers Index) From a Recession Perspective ▫️ 11 of the 12 recessions on the chart coincided with a PMI of less than 42. ▫️ 1 recession occurred that did not breach below the 42 level (No. 9 on the chart) From a PMI Perspective ▫️ 12 of the 13 times that the PMI moved below the 42 level, this coincided with a recession. ▫️ 1 time we have had a sub 42 PMI reading without a recession (Between 11 & 12 on the chart). At present we are at a level of 46.7 so we do not currently have a trigger event for a recession but we know exactly what to look for. Based on both historical perspectives, there is an c.92% probability of a recession should a sub 42 PMI level be established, or vice versa, in the event of a recession confirmation there is a c. 92% probability it would coincide with the sub 42 PMI level. Timing ISM Manufacturing Bottoms o 10 out of 12 PMI Bottoms occurred in Q1 and the remaining two bottoms were in Q2. 83% of the time the PMI bottoms occur in Q1 which is good to know and watch for with Q1 2024 approaching swiftly. o The average PMI Bottom to bottom timeframe over the past 6 cycles is 58 months (Min 37 – Max 86). We are presently at month 44 and month 58 is Jan 2025 (Q1) The ISM New Orders Index (30% of the PMI) Similar to the ISM New Orders Index Chart (covered in Macro Monday 6) which makes up 30% of the Purchaser Managers Index or Manufacturers Index (PMI), we have not reached below the 42 level on this chart either which has provided a 100% confirmation of recession when we have had a definitive move below the 42 level historically. At present we are at 45.5 on this chart and we seem to have a downward trajectory at present unless something changes upon the next data release. In summary, we now know now that the Manufacturers Index (PMI) often leads the Services Index, and we need to pay close attention to the 42 level on both the New orders Index (Makes up 30% of PMI) and the Manufacturing Index (PMI) as a breach below this level on these charts increases the probability of a recession upwards of 92%. We are also now aware that there is a high incidence of the PMI bottoming in Q1 (83% of the time) and occasionally in Q2. These are quarters we can be on high alert for a sub 42 level. The ISM Services PMI is released on the third business day of each month at 10:00 a.m. (EST) or 15:00 GMT. The next release will be on the Tuesday the 5th December 2023. Most of the ISM data releases commence within the first 5 working days of the month. As always folks, I will watch the numbers and keep you informed. All of the above charts are updated on TradingView as data is released. PUKA
U
by PukaCharts
Psychemedics PMD micro-cap Due For Bullish Reversal Cycle 5% Dividend Yield, with 100% upside Share Potential The world’s largest provider of hair testing for drugs of abuse announced financial results for the first quarter ended March 31, 2023 And the declaration of a cash dividend of $0.07 per share to be paid on June 8, 2023, to shareholders of record as of May 25, 2023 The Company’s revenue for the quarter ended March 31, 2023, was $5.9 million versus $6.5 million for the quarter ended March 31, 2022, a decrease of 10%. Net loss for the quarter ended March 31, 2023, was $(384,000) or $(0.07) per diluted share, versus net income of $39,000 or $0.01 per diluted share, for the comparable period last year. Psychemedics Corporation is a United States corporation which provides patented, FDA-cleared, CAP certified clinical laboratory services for the detection of drugs of abuse. The company's corporate headquarters are located in Acton, Massachusetts and its laboratory operations are located in Culver City, California. Wikipedia
PLong
by noam_chom
Daily Time Frame - Anand Rathi Wealth The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:ANANDRATHILong
by Tradelikemee
USDCAD Waiting the convalidation!On USDCAD, we have a critical setup, which means that the price is at a point of demand and supply at the same time. By analyzing the chart, I can infer that the price could drop to 1.3530, creating a short setup, and then bounce back to the supply level before descending further with a target at 1.34. Alternatively, the price could retrace directly to 1.3540, creating a long setup with a target at 1.3590. Both of these views are supported by spike validations on the order blocks. Let me know what you think. Happy trading to everyone.
by EdgeTradingJourney