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2024

Analysis of CVS Stock Trends: A Parabolic Turn on the HorizonFashionable Analysis of CVS Stock Trends: A Parabolic Turn on the Horizon Introduction: In the realm of financial fashion, CVS stock is set to make a stylish entrance with a parabolic turn, showcasing a strong formation on the 4D timeframe. This trend is marked by the elegant falling wedge pattern and the chic double bottom overlapping patterns, following a dose of impactful news related to drug patents. Technical Analysis - CVS Stock: The 4D timeframe reveals the graceful formation of a falling wedge pattern, signifying a poised parabolic turn in CVS stock. This pattern, complemented by double bottom overlapping formations, is a testament to the stock's resilience, especially against the backdrop of recent drug patent news highlighted on CNBC ( www.cnbc.com ). Price Targets and Corrections: The first take profit target stands confidently at $76.78, offering investors a lucrative moment to capitalize on the impending parabolic turn. Following this peak, a correction to approximately $71.07 is expected, providing a brief pause for market adjustments. Strategic Entry and Second Take Profit Target: Wise investors can strategically enter the market around $71.07, anticipating a second take profit target at a stylish $82.44. This forecasted move aligns with the rhythm of the stock's recent patterns, emphasizing the importance of timing in the world of financial fashion. Historical Elegance: Tracing CVS stock's journey since April 2019, a period marking the middle of the pandemic, unveils a remarkable rally. The stock gracefully formed a strong falling wedge pattern on the 4Day timeframe, echoing a sense of resilience and adaptability. The rally continued, reaching its peak around February 01, 2022, before gracefully correcting until October 25, 2023. Future Projections: As the music of the market plays on, further continuation of this trend is expected. The forecasted trajectory anticipates a new level of elegance for CVS stock by the end of 2024, reaching a poised $106.97. This future projection exudes confidence and sets the stage for CVS to make a bold statement in the financial fashion world. In the intricate dance of stocks and patterns, CVS is poised to captivate investors with its upcoming parabolic turn and a tale of resilience, gracefully crafted on the canvas of market trends.
NYSE:CVSLong
by wikitrades
EU 30Y Bond Yield to extend further into 2008 high in 2024Economic Policy needs to remain restrictive or should tighten further, until clear signs of easing inflationary conditions are available. Technicals Favor: Strong yearly candle Favor: Strong M BiMS Favor: M BiMS after ATL Favor: Multiple BSL Levels higher Currently at 10Y High Expectation Downside Retracement Targets (careful Short Term) 1 - 2.057% (Y SIBI Inverted) - 95% Certainty 2 - 1.625% (Target (already traded to)) - 75% Certainty 3 - 1.330% (MT Recent Upswing based on Y H to L) - 65% Certainty 4 - 1.149% (MT Recent Upswing based on Y Bodies) - 55% Certainty 5 - 1% (Beginning of Grind upwards) - 25% Certainty Upside Targets (After Downside) 1 - 3.160% - Y 2023 High - 95% Certainty 2 - 4.915% - 85% Certainty 3 - 5.738% ( Fib 1.618 Extension) - 65% Certainty 4 - 6.258% (23Y High) - 35% Certainty
TVC:EU30YLong
by FXCytech
BTC - Good Signs for 2024 already 🏆Hello TradingView Family / Fellow Traders, 🏹 Based on my earlier BTC analysis (as shown in the attached chart), we have been anticipating a breakout from the triangle pattern, which is crucial in determining the market sentiment for the rest of the year. Last week, BTC successfully breached the triangle pattern to the upside, signaling a shift in momentum as the bulls gained control and pushed the price beyond 40,000. 📈 Currently, the next significant resistance level is expected around 43,350. If this level is surpassed to the upside, we can anticipate further bullish movement with a potential target near the 48,000 mark. The bullish trend will likely persist as long as the last H4 low remains unbroken to the downside. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
2
Bitcoin (BTC) - About 150 Days Before HALVING (Update)Bitcoin's been testing our patience at the $38K zone, but it's clear: the bears are itching to drag it down to lower support levels where every attempt to breakout from $38K has been surpassed (even strong liquidations). Now, with all eyes on the upcoming Halving in April 2024, we're on high alert for market maneuvers. History's got a way of repeating itself, and if we're reading the patterns right, we could be in for a pre-Halving shakeout. We've seen the FUD and the euphoric pushes, but remember, it's the calm traders who survive the storm. So, we're watching that $40K psychological resistance for any potential touches there, but overall, our aim is still the lower zones (more near $26-32K, if not the lover) before the halving. Swallow Team
BITSTAMP:BTCUSDShort
by SwallowPremium
16
Gone are the days of passive investing, but...Gone are the days of passive investing, but mid-term trading could be the solution. The term passive investing was first made famous by Warren Buffet, who once said, 'If I like a stock, I will hold it forever.' However, in recent years, he has been seen cutting losses on his wrong decisions and taking profits when he finds the time is right. The dynamic of the markets have changed, and he has adapted to them. Technical Reasons - From the chart, it's clear that the days of passive investing are behind us. We can refer to the Dow Jones or S&P Index; they provide similar readings as Nasdaq, although Nasdaq has a shorter history. Since the beginning of 2022, the great volatility started with a year of bearishness. In my opinion, this could be a start of a long-term bear. What we are seeing in 2023 rally, possibly a bear retracement. Let’s support my analysis with the fundamental factors. 3 Fundamental Reasons – • Why did the decades of long-term growth, forming a linear bull market, come to an end at the beginning of 2022? This is because it marks the beginning of long-term inflationary pressure that we all have to contend with. To counter inflation, one of the most effective measures is to raise interest rates. As we all know, higher interest rates bring challenges to businesses and stock markets. Please take note of the timing. Inflation first exceeded 2% in April 2021, and since then, it has been on an upward trend, something unprecedented in the last 40 years. However, the Federal Reserve only began raising interest rates in March 2022, while the markets peaked at the beginning of 2022. Consumer Price Index Feb 21 1.68% Mar 21 2.66% Apr 21 4.15% May 21 4.94% Jun 21 5.34% Jul 21 5.27% Aug 21 5.21% Sep 21 5.39% Oct 21 6.24% Nov 21 6.83% Dec 21 7.10% Jan 22 7.53% Feb 22 7.91% Mar 22 8.56% Apr 22 8.22% May 22 8.52% Jun 22 9.00% • Why did the market turn bullish in 2023. Many attribute the rally to AI, but it goes beyond that. By the end of 2022, the market was still hovering around its lowest point. However, as seen in the inflation numbers below, there was a gradual decline from 9% in June 2022 to 6.5% in December 2022, creating a divergence between this positive news and the market's performance. At that point, I was preparing for a bear rebound or retracement. Of course, the inflation number continued its decline to 3.2% in October 2023, and the rally has continued until now. Continue Price Index Jun 22 9.00% Jul 22 8.50% Aug 22 8.30% Sep 22 8.20% Oct 22 7.70% Nov 22 7.10% Dec 22 6.50% • Why have the days of passive investing come to an end? Unless inflation can back down to 2% in a sustained manner, we should expect to see much more volatile markets in many years to come. Traders welcome volatility but not investors. There are reasons why back down to 2% in a sustained manner is unlikely to happen. Please leave me a comment, I hope to exchanges ideas with you. E-mini Nasdaq Futures and Options: Minimum fluctuation 0.25 index points = $5.00 Code: NQ Micro E-mini Nasdaq and Options: Minimum fluctuation 0.25 index points = $0.50 Code: MNQ Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME_MINI:NQ1!Short
by konhow
Bitcoin - Back Inside The Range? 📦Hello TradingView Family / Fellow Traders, 📌 on Weekly: Left Chart As per my last analysis, BTC is still hovering around the 38,000 - 40,000 resistance zone. 🏹 To sustain bullish control and assert dominance from a macro perspective, a crucial requirement is a weekly candle close above 40,000. Such a development would likely lead to a parabolic movement, aiming for the 50,000 resistance level. 📌 on H4: Left Chart Meanwhile, considering BTC's proximity to a resistance zone, there remains a possibility of bearish intervention, potentially pushing it back into a range reminiscent of the 30,000 to 32,000 range. 📉 To trigger the bearish scenario, a break below the last significant low in red at 35,670 is required. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
1
EURUSD Outlook 2023/2024 The FOREXCOM:EURUSD has been mitigating the price zone of 1.12147 and 1.17122 since 2015, and had a rejection move from the zone on July. On the 1W Time Frame: 1. Price did a change of character 2. Price tapped the 0.618 premium zone There are 3 things that can happen 1. Price rejects the premium zone and pushes down 2. Price enters a more premium zone, then pushes down 3. Price breaks the structure high and pushes up This is the overall outlook for FOREXCOM:EURUSD , check out some trading ideas that I have on my profile.
by FX_Apprenticeship
When to sell MRF (Madras Rubber Factory)Namaste! MRF is the biggest valued stock (INR) in India. It's price is around half the nominal GDP per capita (2022) of India. It seems overvalued to me. You see, retail individuals cause the volatility (rapidly falling prices). Retail individuals react overwhelmingly and quickly to emotions and they cause the volatility (rapidly falling prices). But due to insanely INR price of MRF, it surely has kept away retail people. This costly stock would have been mostly attracted sensible big pocket individuals and financial institutions. But now I think it is a good time to book profits in MRF Ltd (at Rs 1,10,000). Following are the reasons: 1. Most of the worlds' central banks increased interest rates at very fast pace. RBI didn't increase as rapidly because they wanted growth. Many companies reported record profits due to cheap credit in India. 2. RBI increasing rates in the year 2024: You see, GDP growth was an important factor to the current ruling party because history has taught that the government which didn't increased GDP growth figures during their ruling tenure, has lost the following elections in India. So, it has been greatly paid attention to increase GDP growth percentage, of course at the cost of inflation . 3. Coming recession in the year 2024 (personal assumption) . 4. Slight uncertainty in the economy due to 2024 election. 5. India got a good hype due to moving production from China to India. It caused the Indian stock market (Nifty50) to not fall as much as their global peers . I wouldn't say it isn't possible, but it would take longer time period than the market is pricing in. 6. My bearish instinct . I do not own and/or planning to own any shares or position in the stock. Disclaimer: This article should not be considered as an investment or trading advice. The analysis is based on my understanding and experience in the markets. You must do your own analysis and/or consult your financial advisor before investing or trading.
NSE:MRFShort
by UnknownUnicorn7637383
1
S&P closes low, but is this the end to it?Stock Market Update: S&P Shows Low Movement, But Advancements Expected The $S&P500 index exhibited low movement today, initially dipping -0.20% but quickly regaining ground to close with a slight negative of -0.1%. The market's resilience in maintaining and even advancing current price levels is surprising. In the short term (1-2 months), there's a higher probability of further advancement towards the 4553-4570 range, provided support is held above the daily resistance level of 4523. NASDAQ:NVDA Nvidia's strong earnings report, released after market close, reinforces the likelihood of an upward move. Nvidia, along with Tesla, collectively accounts for nearly 70% of the S&P's daily trading volume. The recent slump in the Wholesale industry may discourage investors with a 3+ month investment horizon. However, for shorter-term investors (1-2 months), the upcoming Black Friday and Holiday season could lead to unexpectedly strong performance from other retail companies.
BLACKBULL:SPX500
by Kim_CLSPX
Quantitative Tightening Effects on the Markets This video tutorial discussion: • What is QE and QT? • Each impact to the stock market • The latest QT, how will the stock market into 2024? Dow Jones Futures & Its Minimum Fluctuation E-mini Dow Jones Futures 1.0 index point = $5.00 Code: YM Micro E-mini Dow Jones Futures 1.0 index point = $0.50 Code: MYM Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
FRED:WALCLEducation
by konhow
2
BTC - Macro View 🌐Hello TradingView Family / Fellow Traders, 📈 Following the rejection of the 25,000 support, BTC experienced a significant 50% surge , forming another bullish impulse that confirms the ongoing upward trend. Consequently, we've identified and outlined a rising channel in orange. BTC is currently approaching the upper boundary of the orange channel, coinciding with the 40,000 resistance zone. 🏹 To sustain bullish control and assert dominance from a macro perspective, a crucial requirement is a weekly candle close above 40,000. Such a development would likely lead to a parabolic movement, aiming for the 50,000 resistance level. 📉 Meanwhile , considering BTC's proximity to a formidable resistance zone, there remains a possibility of bearish intervention, potentially pushing it back into a range reminiscent of the 25,000 to 30,000 range. This scenario's confirmation would depend on lower timeframes, especially if a bearish reversal setup is triggered. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
4
SAFEMOON: $0.000 55 | The Most Hated Coin Yet Adored by Few Reminds me of FANTOM at $0.02 shakedown to $0.002 then afte few months it pumped to $0.28 and a year later Dubai Royal Arabs mooned it to Financial Freedom to $3.0 just move one decimal to the left that would be $0.028 and $0.30 cents for SAFEMOON Vegas Fund and Food Security with efficient energy sounds like a plan in addition with all directions of hate should fuel interest over time banker just needs to discredit the majority and GAP it Up to $0.01 care of Big Fish or ANGEL White Knights etc..
by senyor
3
FNGD retrace to $8.50 before target of $10.51, coil/fakeout/pumpFNGD to go back down to $8.50 before target of $10.51 Nxt I'm expecting a little retracement back to $8.51 with buy limits set from 8.88 down to 8.51 Take Profits at $10.17 and $10.51 Expect to retrace again and coil up. People will be talking about bears taking over, but the Santa rally will cheer bulls up and give them hope... meanwhile we are playing both sides. Into 2024: Due to everything going on and how much this market has tripped everyone up and out, I expect a double fakey to occur. FNGD will appear to be pumping (bears winning on FNGU and S&P) then the bulls will appear to take control and the descending triangle on the S&P will appear to have a breakout to the upside only to fail. People will say its due to a news event, but the Operator/Fed is planning this. Equities will retreat to safety of Bonds. S&P will Fall, and lay off employees, people will beg for the Fed to cut rates and when they do Bonds will explode then Gold then after Equities and Crypto Capitulation we will rebuild on the scorched earth. BUY BUY BUY WHEN THERE IS BLOOD IN THE STREETS IN MARCH/APRIL 2024!
AMEX:FNGDLong
by itsmrpizzatoyou
NIFTY Market CAP trend forecast until JULY 2024 Current bear market will continue until the end of February 2024. During 2023 possible growth of NIFTY will occur starting mid of November until December in the range between 9327-9650. In December NIFTY will start falling from the area of 9650 down to 8800 (possible extreme bottom of 8653) in the beginning of January 2024. January-February 2024 is the perfect time to buy NIFTY Stocks. End of February 2024 will mark major bullrun in NIFTY until the end of July 2024 in the range of 9327-10609. Possible sideways-upside movement might occur between May and July 2024.
N
by discarding
bearish retest of top rangeThings are moving fast. Too fast. The last time things moved this fast was before a big blowout. Looking to get in to a 1x short over the next weeks depending on how chart looks. Maybe we see a wick up on the next monthly candle and then retrace? Good luck everyone, good luck to the people who are buying this to hold for longer. It's not back sorry this is not how bull markets start or are being made, .. this is the first lower high and everyone who is still holding this ponzi or still desperate enough to trade this day by day and follow altponzis gets exited. If youre in a rush to make money youre in a rush to lose money. patient.
BITSTAMP:BTCUSDShort
by ellyn2121
Low Volatility Clue to Upcoming Growth 📉🚀🔍 The Quiet Before the Surge: Imagine the market as a serene pond, not a ripple in sight. That's low volatility, my friend! But here's the juicy part: it's like the market is catching its breath before leaping into action. 🚀 Springboard to Momentum: Low volatility? Think of it as the trampoline for a potential price leap. The calm is like the calm before a concert – the band's tuning up, and the audience is in for a treat. In the crypto world, that treat might just be a price rally. 💡The Precursor to Uptrend: When the market's rocking low volatility, it's like a hush before the storm – a storm of bullish action, that is. Keep your eyes peeled because this serene moment often precedes an upward price movement. 🚴‍♂️Traders' Playground: Traders love these tranquil spells. They're like pit stops during a race, a chance to strategize and gear up for what's next. A little breather, a lot of potential. So, what's the low-volatility takeaway? 🌌 It's not just a downtime; it's a heads-up for traders and investors. The calm might just be the quiet you need to brace yourself for a burst of excitement. Stay curious, watch the charts, and get ready for the market's next groove! 📊🎉 ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Long
by Yaroslav_Krasko
4
Impact of Cryptocurrency Market Capitalization on Market DynamicIn the world of cryptocurrency, staying informed about market trends and indicators is essential for making informed trading decisions. One crucial metric that often goes hand-in-hand with market sentiment is the overall cryptocurrency market capitalization. This article delves into why keeping an eye on the cryptocurrency market capitalization is crucial and how it can provide insights into the broader market situation. Understanding Cryptocurrency Market Capitalization: Market capitalization refers to the total value of a cryptocurrency or the entire cryptocurrency market. It's calculated by multiplying the current price of a cryptocurrency by its circulating supply. Monitoring the market capitalization provides a snapshot of the market's size and valuation at any given time. The Impact on Market Dynamics: Keeping track of cryptocurrency market capitalization can offer valuable insights into market dynamics and trends. Here's why it matters: Market Sentiment Indicator: Changes in market capitalization can reflect shifts in investor sentiment. Rapid increases may indicate bullish enthusiasm, while significant declines might signify market apprehension. Market Trends Identification: Monitoring market capitalization over time can help identify trends such as bull markets, bear markets, and periods of consolidation. It offers a broader context for analyzing price movements. Relative Comparison: Comparing the market capitalization of different cryptocurrencies allows traders to assess their relative performance. It helps in identifying potential investment opportunities. Impact of Market Events: Major news, regulatory developments, or technological advancements can influence overall market capitalization. Tracking these changes can provide insights into market reactions. Market Liquidity: Market capitalization can also give an indication of the overall liquidity of the cryptocurrency market. Higher market capitalization often implies higher trading volumes and increased market activity. Conclusion: Monitoring the cryptocurrency market capitalization is an essential practice for traders and investors seeking a comprehensive understanding of the market's dynamics. It serves as a key indicator of sentiment, trends, and the broader market situation. Combining insights from market capitalization with technical analysis, fundamental research, and other indicators can enhance your decision-making process. As the cryptocurrency market continues to evolve, adapt your strategies to account for changing market conditions. Remember that market capitalization is just one piece of the puzzle, and a holistic approach that considers multiple factors is crucial for successful trading in this dynamic landscape. ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
CRYPTOCAP:TOTAL2Long
by Yaroslav_Krasko