Ah, Kings Landing awakens. As the markets open their gates, we look to the chart armies marching in from the North and beyond, armed with ravens from the Citadel. Today we see a leaning bullish tilt in the realm, yet subtle shifts indicate potential strategies that only a Lentilseller can unveil. Let's delve into the battlefield and decide which soldiers are ready for the front lines and which need more reconnaissance.
Among the bustling halls of Dorne, where volatility is akin to a hot day, MGLU3.BZ stands ready. With a session high at 9.92 and RSI perched at 75.8, our scouts report potential overselling ahead. Volume is robust at 6,342,700, reflecting the fervent activity in this part of the realm. A bullish Marubozu pattern suggests confidence among traders. With the ATR offering adequate leeway for stops and targets, a strategic trade could yield handsome gold dragons. I propose a BUY, driven by momentum's advance, and a clear target with a healthy R:R ratio.
Beyond the southern frontline, in the Iron Islands, GFNORTEO.MX catches my eye. This stock dances near its high, aligning with the Iron price ethos. Its RSI and MACD readings do tell of possible overextension, yet the volume supports a watchful eye. Requiring a confirmed signal before drawing our sword, we position to act when momentum confirms its strength. We watch for RSI to breach above current levels—an indication the charge begins.
Lastly, our old ally BBSE3.BZ, holds steady in the Brazilian marketplace amid the heat of the day. While the stock is bullish on face value with a Hanging Man suggesting a potential reversal, we need confluence signals to engage. As ADX remains below 30, we understand conviction in direction wavers, thus relegating this to our watch list until a change in direction manifests.
Today's market narrative spins a tale not unlike those at the Iron Throne—strategies must be woven greedily, but with the cunning to switch at the call of a raven. A Lentilseller always respects his stops, knowing that when winter threatens, prudent retreats guard profits won.
Therion Lentilseller — I drink coffee and I know things.
War Room
Updated: 21:02
Market: MIXED | SPY -0.5% | QQQ -0.4% | EWZ +0.4% | EWW +0.3%
Scan Summary: 207 symbols scanned - LONG: 43 oversold → 11 turning → 9 with volume - SHORT: 21 overbought → 7 turning → 6 with volume - 99 setups sent to analysis
⚔️ Active Trades: - MGLU3.BZ (BUY) — R:R 1.5:1 - Entry: 9.90-9.93 | Stop: 9.99 | Target: 10.63 - Bullish momentum supported by volume and candlestick pattern. - BBSE3.BZ (BUY) — R:R 2.29:1 - Entry: 34.60-34.66 | Stop: 34.21 | Target: 36.30 - Momentum confirmed by high ADX and volume spike - RAIL3.BZ (BUY) — R:R 1.98:1 - Entry: 16.85-16.96 | Stop: 17.09 | Target: 18.50 - Strong uptrend confirmed by ADX and price exceeding VWAP significantly - GFNORTEO.MX (BUY) — R:R 1.6:1 - Entry: 192.70-193.00 | Stop: 193.47 | Target: 199.00 - Monitor for breakout continuation at peak; RSI to confirm with narrowing spread. [auto-promoted by t - SNAG11.BZ (BUY) — R:R 1.51:1 - Entry: 10.75-11.00 | Stop: 10.66 | Target: 11.20 - RSI momentum and bullish candlestick patterns suggest strong entry signal. - EQTL3.BZ (SELL) — R:R 2.0:1 - Entry: 41.60-41.85 | Stop: 42.11 | Target: 41.00 - Monitor for resistance rejection near highs [auto-promoted by trigger] - UGPA3.BZ (BUY) — R:R 1.5:1 - Entry: 27.11-27.17 | Stop: 26.28 | Target: 28.67 - Volume spike and RSI suggest a bullish continuation in line with the broader market trend. - BBFO11.BZ (BUY) — R:R 1.7:1 - Entry: 73.38-73.65 | Stop: 72.37 | Target: 75.72 - Strong volume and bullish trend align with market sentiment, offering a potent risk-reward ratio. - ABCB4.BZ (BUY) — R:R 2.41:1 - Entry: 26.80-27.00 | Stop: 26.23 | Target: 28.61 - VWAP has been conquered as resistance, essence of potential bullish surge is brewing - ENGI11.BZ (BUY) — R:R 2.0:1 - Entry: 54.60-54.80 | Stop: 53.97 | Target: 56.44 - Looking for confirmation of upward trend continuation. [auto-promoted by trigger] - RBRX11.BZ (BUY) — R:R 2.5:1 - Entry: 8.83-8.87 | Stop: 8.73 | Target: 9.15 - RBRX11.BZ presents a bullish stance at session high, coupled with a supportive EWZ alignment, sugges
🚫 Passed Over (top by R:R): - VGIP11.BZ (SELL) — RSI 77, Vol 37,992 - BPAC11.BZ (BUY) — RSI 24, Vol 9,333,600 - ENEV3.BZ (BUY) — RSI 26, Vol 11,151,000 - KNIP11.BZ (BUY) — RSI 30, Vol 124,460 - BPML11.BZ (BUY) — RSI 30, Vol 22,498 - ...and 43 more
Hour 16 Update
The winds from Dorne are gusting strong today, with Brazil B3's EWZ ETF striding boldly, up a fair 0.96%. Such conviction in the air makes a Lentilseller ponder whether the sands will yield gold dragons for the astute trader. Our active trade with MGLU3.BZ remains steadfast, but there's room for more—from both the watchlist and new candidates. Like a promising knight waiting in the wings at King's Landing, BBSE3.BZ should see the light of market combat in the wake of a strengthening ADX and solid momentum, with the potential for a meaningful breakout. As for new faces, RAIL3.BZ gallops ahead on a sturdy steam engine, with an ADX of 45.6—a full assault readiness in my playbook.
With a sharp eye, I'll promote BBSE3.BZ for a buy, readying a strategy primed for battle as momentum and volume reaffirm each other. Simultaneously, a fresh campaign mounts with RAIL3.BZ as the likely path offers a ripe opportunity to reap rich rewards. Remember, in this game of markets, one must see not just the walls, but the ladders too.
Now, let's draft these actions into the scrolls for the trade manager:
Hour 17 Update
Ah, what a realm of opportunity we find upon our beloved bourses today, as the maesters of the Citadel send their ravens, confirming the bullish tenor from the far reaches of Dorne, and echoing into the Wall Street wind. The Iron Islands remain debt-heavy and turbulent, yet as resourceful as ever. Let’s attend to our duties and ensure our chess pieces are poised in formation for a conquest of grand proportions.
Today, the arches of those giants in the North remain sturdy — marked by the tech-laden NASDAQ exhibiting subtle gains. True cunning on the lentil fields demands watches now convert into full-scale warfare. SNAG11.BZ shines brightly, perched at the heights of $10.91, buoyed by RSI and sharp momentum, and ready to ascend. Indeed, wildfire beckons on the charts, but we must honor our supportive walls, lest chaos consume. Let the war drums of MACD carry us forth toward glory — for he draws his sword above $10.75, with a stop guarding $10.66 and a crown of gold dragons shimmering at $11.20, tip the forces in our favor.
Patience shall reward those attuned to the rhythm of markets. Yet even the most astute Lentilseller knows: Winter can spring its cold grasp abruptly, hence observing the key resistance on EQTL3.BZ at $41.91. Not inviting battle, but while others falter in fear, it tests our nerve and serves as the wall against Northern invaders crossing into our domain.
While the battlefield remains rife with potential, heed the words of our ancestors: "When you play the game of markets, you win or you get stopped out." Let us finance the future with wisdom, keeping close to our breakeven triggers before venturing into further treacherous terrains.
Therion Lentilseller — I drink coffee and I know things.
Hour 18 Update
Ah, the battlefield of markets! Our bullish allies rally on both the North, with the NASDAQ's giants marching steadily at a 0.26% ascent, and in Dorne, where the Brazilian EWZ ETF has stormed forward with a vigorous 1.20% charge. Meanwhile, the Iron Islands of Mexico are holding their own with a respectable 1.13% surge. In today's game, I'm looking at a particularly ripe candidate: UGPA3.BZ. Its volume spike and robust RSI suggest a potential rewarding campaign. When you drink coffee and know things, it pays to seize such opportunities.
Hour 19 Update
Ah, the dramas of Kings Landing, where even the most cunning lentilseller must navigate the treacherous tides of the market. Our overall sentiment remains bullish with the S&P 500's Hand of the King, SPY, gracing our strategy with a gentle upward nod. Meanwhile, the wilds of the North see NASDAQ's giants cast a long shadow, but they too trend northward.
However, the currents in the Dorne's market are particularly enticing today. BBFO11.BZ has caught my attention, surging with a chemical allure reminiscent of that green wildfire — do I smell an explosive move brewing? With robust volume backing its journey, I'll place a wager on its ascent, mindful, as ever, that every triumph rests upon the solid shield of a well-placed stop.
Let's also keep an eye on ABCB4.BZ for any further signs of strength, for its RSI speaks of stamina and might yet surprise us with a golden dragon in our coffers.
Therion Lentilseller — I drink coffee and I know things.
Hour 20 Update
The winds of the market are blowing from multiple directions this evening, with a mixed sentiment keeping traders on their toes. The Hand of the King, SPY, is stubbornly under pressure alongside its northern peer QQQ, offering little inspiration for bullish pursuits. Over in Dorne, where the B3 exchanges dance with wild swings, the heat is a bit more promising, accounting for my keen eye on ABCB4.BZ, despite its current calm just outside the gate of VWAP.
The Small Council in the form of economic data releases whispers tales of what's to come, but tonight, our gaze turns sharper toward potential profit dragons in this elevated selection bar moment. The brazenness of Brazil's market intrigue calls, encouraging us to favor setups with a bullish breeze at our backs. Hence, the selection must find balance at the fulcrum of opportunity and risk, maintaining the honor of our stop losses.
In the spirit of noble pursuit and the courage of informed strategy, here are my actions:
Hour 21 Update
In the icy winds of the North, the tech sector (NASDAQ) shivers with the looming clouds signaling that indeed, winter is coming. Yet, amidst the bluster, the glimmer of opportunities shines through. Our foray into the realm of Dorne (Brazil B3) shows that the hot sands may offer respite. With the market presenting mixed signals, steering the ship from the Iron Islands (Mexican market) demands precision and subtlety. A Lentilseller respects his stop losses, and tonight, a sharp eye on potential explosions — wildfire contained for now, yet the embers glow beneath.
With the day winding down, our gaze turns to RBRX11.BZ. It stands proudly near its high, the makings of a bullish scenario in a sea of volatility. Vigilance remains the key with MACD drumbeats signaling readiness for charge. EWZ alignment speaks a faint bullish whisper over the region, suggesting that the battlements of profit are not yet impenetrable but need courting.
Here is the current plan: