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Weaksupport

GE Aerospace Needs to CorrectAfter many years of struggle due to the Banking Debacle of 2008, this venerable old company is finally showing strength again. Spinning off divisions to focus on and drive growth in the key businesses was exactly what was needed. NYSE:GE Aerospace is over-speculated now. The run up from the heavy accumulation during the last half of 2023 is too steep to sustain. Smaller funds have been driving it upward since March, causing the more volatile action recently. It had a small gap up on earnings this week but it still needs to correct, either down or sideways . It has the look of a stock with short-term topping risk at the moment, but extended sideways action could adjust out the overextended uptrend instead.
NYSE:GE
by MarthaStokesCMT-TechniTrader
Disney Macro Looks Dire with Risk of Further 40% DeclinesHi guys! So this is a Pure Technical Analysis on the Macro structure of Disney (DIS). Macro in that we are on the 1 Month timeframe so each candle is 1 Months worth of price action averaged in. Just note why i don't ever look at news to influence my trades. We got rejected from our highs in October 2021, Desantos bill signing that sparked the lawsuit stuff happened June 2022. Prices were already on the decline way before. Just saying. Anyway moving on. What i want to point out is our current price action. We are currently BELOW the Major SUPPORT LINE that played support for about 7-8 years. Being a monthly timeframe, just note we have NOT yet confirmed as our current candle is ongoing. Ideally We would need to get back ABOVE and confirm Support to prevent further declines. BUT if we do confirm here its NOT a good look. BELOW the "The Last SUPPORT Line of Defence" is even way worse. If we end of Confirming Resistance Below "the Last Line of Defence", we risk almost 44% Price DECLINES back to the highs of a previous consolidation zone or the line labeled "Major Support". Its because the Rapid Price Increase labeled "Weak Market Structure" has no distinctive/ strong Support zones. Theres nothing to cushion the eminent Price Declines that may be awaiting us. Its mainly because we didnt test SUPPORT and have a slow methodical rise in price. We also recently printed a DEATH CROSS. By the looks of that monster mouth, its a long ways before its momentum fizzles out. If VOLUME also continues to be on the rise while we have this DEATH CROSS and price declines, aspect more price declines. And the likely scenario of the DECLINE to "Major Support". Keep in the back of the mind: This could make for a solid SHORT play once that confirmation below the last line of defence happens. Anyway look to smaller timeframes for more current price action to see how things shape up for the macro. Keep on the look out for updates in the hourly, daily or weekly timeframes. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on DIS in smaller timeframes in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:DISShort
by SafofAllTrades
4
BSVUSD - Important Weekly chart))Yesterday, I posted a DAILY analysis. Today, looking at the WEEKLY chart BSV bulls are weak right now. Prolly many people placing puts and limit orders all over the place. I think it is going to go down about 30-50$ . A big possibility that the new weekly candle will be a bearish one . Please do not close your trades . Look to manage your position. I personally removed 25% of my trade from. In case it goes lower I can place that 25% back in. If it goes higher well I still have 75% left. I won’t stress of missing out. Then when the price returned in can get back in. Reducing my risk exposure. I think having a trade and money management system allows me to trade with less stress, and base my decisions on probability.
BShort
by JacobTrader100
2
USDJPY - After the calm comes the storm - Breakout ideaHi Traders! As you can see the market is in a downtrend. The market is respecting the trendline which is coming from above. The second area the price gives value is the support at 107.300. The third thing you should consider is the 200 EMA, which is also above the market. In addition, the market is in a consolidation - ranging in the 1H timeframe. The support is getting weaker and weaker. Why? Because: The more the price tests a level, the weaker the level gets! How do we know there is calm in the market? If you look to the volume indicator at the bottom of the chart, you'll find out that it is decreasing. If you weigh out all these information together, you'll get the result, that the market is shortly before the breakout. We recommend to sell the breakout with a confirmation (retest). Thanks and successful Trading :)!
Short
by swissmoneymakers