CMT technical analysis

CMT seen from the temporality of 1W we can see how the structure of candles has formed a descending wedge where the price has been contracting within the figure through a slow sale as the price has approached the support of the zone of demand located at 0.00000180, the trend count is correct and the current consolidation of small candles with little volume in the support gives us signal of a possible bullish movement that seeks to break the diagonal resistance of the figure, if so, the price should go in search of the supply zone located within the price range of 0.00000519 – 0.00000589, which would be our first profit zone, our second target is located at 0.00000848.

CMT seen from the temporality of 1D we can observe more closely the current movement of candles, we see how the current structure of candles has formed a double floor, reversal signal trend, the price goes in search of the neck line located at 0.00000244, if we don’t get the break yet, the price could go back briefly to form an HL that confirms us that the next movement will make the break of the neck line and then, look for the bullish break of the major figure, within the RSI indicator we can see how the force of the movement is increasing, has managed to break a resistance signaled inside the indicator by a red diagonal.

In conclusion, CMT has reached very low levels of price, the slow sale that has been made within the descending wedge gives us a strong signal of an upcoming trend change, the support where it has consolidated for 4 candles in 1W is a key level of demand, this supported by the lower figure in 1D and the RSI indicator increases the odds of a possible bullish break, we must wait for the price to break and confirm the support of the neck line located at 0.00000244, the diagonal resistance break should be our best long entry position, however, I recommend to be very attentive to the action of the price in 1D to avoid possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

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Simon Property Group Is Getting Amazoned

Forever 21 is an American fashion retailer that sells accessories, beauty products, home goods and clothing for women, men and children, but the retailer is better known for the “wears” for teens, tweens and young adults. 

Forever 21 was founded in 1984 and during the 2000s, went hard opening up bigger and bigger store in the mall.  When it was all said and done, Forever 21 now has about 550 out of 800 stores located in malls.    But you know what with only 16% of their total sales coming from the web and mall traffic continuing to dwindle, this week Forever 21 filed for bankruptcy protection, and announced that it was ceasing operations in 40 countries and closing most of its international and 178 of its US stores last week.

Simon Property Group (NYSE: SPG) is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Their properties span across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. 

Because Simon Property Group’s CEO David Simon fears such events like Forever 21 filing for bankruptcy, they have decided to dabble online as well. They partnering with other companies, essentially its tenants, and will take a cut of sales with the tenants responsible for fulfilling orders.

Now honesty, Simon Property should of done something like this years ago…maybe they might have had a chance.  But when Forever 21 is your seventh largest tent in terms of rent, it puts Simon Property in a bad spot. 

The Census Bureau of the Department of Commerce announced today that the estimate of U.S. retail e-commerce sales for the second quarter of 2019, adjusted for seasonal variation, but not for price changes, was $146.2 billion, an increase of 4.2 percent (±0.9%) from the first quarter of 2019. Total retail sales for the second quarter of 2019 were estimated at $1,361.8 billion, an increase of 1.8 percent (±0.2%) from the first quarter of 2019. The second quarter 2019 e-commerce estimate increased 13.3 percent (±1.6%) from the second quarter of 2018 while total retail sales increased 3.2 percent (±0.5%) in the same period. E-commerce sales in the second quarter of 2019 accounted for 10.7 percent of total sales.

Source

The tide turned for Simon Property Group when price broke the long term up trendline from 2009 accompanied by negative divergence.

One of my favorite set-ups is to then wait for the pull back, in this case the short at the monthly supply at $185.

And price gave potential sellers another opportunity to short at the monthly supply at $166. Nothing changes for me, the target remains the monthly demand at $115. Based on the secular shift to online retail, I’m confident price will get there within the next 1-2 yrs.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Liverpool Nearly Played Draw

Hello guys, it was a lucky day for Liverpool As they took a lead of 3 goals to 1 in the first half of the game. When they came back from the Half time break Salzburg applied some full force to equalize and they did it to make it 3 -3 but since Liverpool has this speedster and he is capable of doing wonders he did it again by putting Liverpool on top again by scoring in the 69th minutes of the game thus Mohammed Salah and the Assist was their fantastic Striker Firmino. Liverpool is now in good form that if care is not taking they might take the Champions League again and also take the Epl. They lost their first game of the Champions League so they have to work harder to get to the top as they have 3 points now and at the 3rd Position of the Table. But when you come to epl they have played 7 matches unbeaten so this should show you how serious they are this season. Nice game from them. Today is Europa league and I will bring you more details and News on it thank you and have a great day.

Nice Comeback From Barcelona

Barcelona has done well to win their game against Inter Milan. When the game started they were down by 1 goal to 0 in the 3 minute of the game. And when they went on half time it was still 1-0. But you have to know that when a team comes to Camp Nou. For that team to win will not be an easy task for the team. You will have to struggle more before you can win and this time too Messi started the game so it was much of more confidence in the Barcelona team that they can do something. Low and Behold they were able to comeback in the second half from and Assist from Vidal and the goal scorer was Suarez that was in the 58 minutes of the second half. Then getting to the last minute of the game thus 84 minutes of the game Messi also gave an assist to Suarez to increase the tally. So it became 2-1 against Inter Milan. Messi was not able to Level up the Record of CR7 with the scoring of 33 different teams in the Champions League. So as it stands now CR7 is now the only player to level up with Raul the number one striker for Real Madrid. Nice game from Barcelona Tho and a great win for them.