Monday, May 3, 2021

Weekly Portfolio Update

Portfolio update on a weekly basis.

BTCUSD @ 56.623,51 (BTCUSD Weekly Chart)
Trend: bullish & uptrending; S/D-S/R: 42.500-64.659,81 and 8 week EMA support; JCS/SS/8EMA: bull flag? & bearish reversal doji 18-04/neutral/+; bullish trigger signs.

ETHUSD @ 2.951,98 (ETHUSD Weekly Chart)
Trend: bullish & uptrending; S/D-S/R: 1.400-? and 8 week EMA support; JCS/SS/8EMA: bullish pennant/overbought/+; bullish trigger signs.

SQ @ 244,82 (SQ Weekly Chart).
Trend: bullish & uptrending; S/D-S/R: 191,36-283,19 and 8 week EMA support; JCS/SS/8EMA: bullish symmetrical triangle & bearish reversal gravestone doji 18-04/neutral/+; bullish trigger signs.

TSLA @ 709,44 (TSLA Weekly Chart).
Trend: bullish & uptrending; S/D-S/R: 539,49-900,40 and 8 week EMA support; JCS/SS/8EMA: bullish symmetrical triangle? & bearish reversal shooting star 18-04?/neutral/-; bullish trigger signs.

I like stocks from innovative and vertically integrated (exponential) growth companies in the fields of 1) production and consumption of sustainable energy; 2) internet finance (incl. cryptocurrencies & defi) - real estate - advertising; 3) genetics and 4) artificial intelligence - machine learning - deep learning-robotics. The innovation needs to be understandable, sympathetic, disruptive and defensible.

Trend is defined by the position of price vis-a-vis the 8 week EMA and 200 week SMA. Trendiness is defined by position of price vis-a-vis the 8 week EMA.

S/D-S/R abbreviates static and dynamic support/resistance levels.

JCS/SS/8EMA means Japanese candlestick analysis, slow stochastics readings and price vis-a-vis the 8 week EMA respectively. This combination of parameters is especially looking for reversal candles from overbought & oversold conditions followed by a 8 week EMA cross.

EMA and SMA stand for exponential and simple moving average respectively.

This is not investment advice. Do your own research. Please also read the disclaimer at the bottom of the blog.