Google along with AI companies preparing for major rally to $216Cup and Handle is clearly forming on Google.
The AI companies are looking super bullish in the medium term and looks great for investing in.
Either there is going to be a HUGE breakthrough with AI soon or there are going to be favourable legislations and regs to change with Trump being President.
ALl in all technically, we are seeing up signs including:
Price> 20 and 200MA
Broken downtrend
Now we just need a breakout to the upside with the Cup and Handle.
Target $216.10
Aicompanies
NVIDIA shooting up- Trump Presidency favouring to upside to $200Markets are loving the election results so far.
And it looks like it's been pricing in upside and a rally for some time now. Starting in Early October.
So, technically AI stocks are showing all time highs on it's way with the markets.
First the price broke above the W Formation (Breakout pattern)
Second, Price> 20 and 200
Third, any American company that is in Crypto or AI has the upper hand for investors right now with Trumps idea of keeping everything American by increasing tariffs worldwide (especially in China of over 60%).
He is inviting more local manufuacturers and businesses to excel within America.
So target for Nvidia will be set first to $200
How AI will revolutionise the trading world – 14 WaysThe era of AI has unleashed in almost every aspect of our lives.
And I believe that there will soon be a seismic shift in financial trading with AI.
I feel it’s my duty to share some of the ways, we will incorporate, adapt and integrate AI into trading.
To explain in simple terms…
AI is a concept to teach machines, robots and computers how to perform human actions. And trading is just another element that AI will apply to.
Let’s start…
#1: AI Trading Bots
We’ve had EA (Expert Advisors), chat bots and machine learning when it comes to trading.
As AI adapts more into the financial world, they will be able to signal, alert and even optimise our trading strategies, risk management and financial profile.
#2: AI will alert more markets into our watch lists
Not all markets work with our trading strategies.
Right now we have to manually search for different markets to back, forward and real test.
Once AI adapts to our trading strategy, it will be able to pinpoint the most efficient and effective markets to include into our trading arsenal.
#3: Real-time risk management
AI’s rapid data processing will be able to identify our risk profile.
In the near future, it will be able to identify not only trading setups, but also the volume we’ll need to buy or sell to enter or exit a trade.
It will alert us when trades are ready to go and will ask us whether we want to go ahead and action the high probability trades (according to our risk management.
#4: Algorithmic automatic trading
Once we lay out the parameters of what we want our AI trading bots to do, they will be your employee.
They’ll be able to take action while you’re away such as:
Layout the chart setups
Plug in the trading levels (entry, stop loss and take profits)
Execute trades on our behalf
They will work for us, which will limit our time staring at screens.
#5: Sentiment Analysis: Read the market’s mood
This tool will help us identify who’s dominant in the markets.
Are the bulls or bears stronger.
It will then give us a gauge meter to tell us whether demand or supply is higher.
And this will help us make calculated decisions, based on our own trading analyses.
#6. Freeing humans from the grind
When AI takes over our trading, it will do all of the mundane tasks for us.
It’ll focus on:
What markets work best with the system
Which markets to remove from the watch list and
whether we are in favourable or unfavourable terrorist according to our system
This will free traders from spending hours behind a screen on the daily.
#7: Automation: Back and forward testing
When AI learns a system with the right parameters and criteria, it will be able to backtest for us.
It’ll be able to go through hundreds of trades in the past and will provide a full review of the stats and measures.
It’ll tell us the:
trades
of winners and losers
Win and loss rate
Average winner and loser per trades
Costs, risks and losses
Accumulation of profit and losses and more…
#8. Pre-emptive fraud detectors
AI doesn’t just detect fraud—it sniffs out all the unregulated and fraudulent type companies, brokers, market makers.
It also analyses the markets micro and macro analyses to see which companies are doing well, cooking the books and / or are red flags to buy or sell.
Its predictive capabilities will be able to save millions of traders from falling into financial trading traps and scams.
#9: Customizable AI trading assistants
Also, I bet we will see companies create their own trading assistants.
Similar to Siri, Alexa and Google.
You will have your own finance-savvy cousin ready to act on your trading needs.
Whether you want to trade, find setups, talk about tested systems, create new strategies, learn real time info about markets and instruments.
You’ll have your own AI trading assistant just call away.
#10: The rise of quantitative trading
Quant trading will soar to new heights.
AI will be able to crunch numbers and optimise strategies with high speed and precision.
This will make sense of complex financial models at lightning speed.
#11: Real-Time chart pattern identification
Eventually, AI will adapt machine and deep learning into charts.
We will finally see the day where market patterns, trends are identified on any time frame.
As they learn the bends, turns, vectors and consistency with the charts through predictive analysis from historical market data…
AI will adapt and learn to plot more accurate, recurring chart patterns and use them to predict future price movements on any market.
And AI will be able to scan hundreds of charts simultaneously and highlight significant patterns as they emerge. This will present high, medium and low probability setups for our trading.
#12: Past chart patterns predictive analyses
Not only will it identify real-time chart patterns.
It will also spot historical price patterns and insights that took place in the past.
This will help us to back test the systems and how they worked on particular markets.
AI will be able to identify the chart patterns that have proven to be most successful for that particular trader.
#13: Personalized and customised trading strategies
What if you have a new chart pattern you’d like to adapt into your analysis?
Well I’m sure AI will have the ability to learn, recognise and incorporate your chart patterns into the system.
This way you can personalise what chart patterns, candlestick patterns or strategies you would like customised to your style.
This means that each trader can have a unique set of chart patterns to look for, tailored to their trading style and risk tolerance.
This personalized approach can potentially enhance your trading performance and your profitability.
#14: Integration with other data sources
This will most likely be open-ended.
It’ll work via the network where AI will improve chart pattern recognition in financial trading by integrating with other data sources.
Imagine AI learns from millions of traders, millions of strategies, systems and new inputs.
I can only imagine that traditional manual chart pattern systems will be a thing of the past.
With the new set of systems, formation, price and volume data – we will see integration of brand new forms of analyses and strategies.
And this will bring a new era of financial trading.
Final Words and summary!
It’s all exciting and frightening at the same time.
Because with AI integration, we will see yet another shift in the algorithms and it’ll bring a new future for trading.
Only those who learn to adapt and evolve – will make it…
Let’s sum up all the AI elements that will we mentioned here.
#1: AI Trading Bots
#2: AI will alert more markets into our watch lists
#3: Real-time risk management
#4: Algorithmic automatic trading
#5: Sentiment Analysis: Read the market’s mood
#6. Freeing humans from the grind
#7: Automation: Back and forward testing
#8. Pre-emptive fraud detectors
#9: Customizable AI trading assistants
#10: The rise of quantitative trading
#11: Real-Time chart pattern identification
#12: Past chart patterns predictive analyses
#13: Personalized and customised trading strategies
#14: Integration with other data sources
Top 10 AI Stocks to Trade and add to Trading View WatchlistAI is definitely one of the key words for the century.
And yes, I believe these are great companies to add to our watchlist to trade. ANd Trading View has all of the companies to analyse their movements. .
We could even see AI companies being some of the safe-haven stocks to invest in 2024…
Here are my top 10 companies that are incorporating AI into their businesses and ones I'm trading lately.
1. Microsoft (MSFT):
Develops, licenses, and supports software, services, devices, and solutions.
2. Advanced Micro Devices (AMD):
Designs and sells computer processors and related technologies.
3. NVIDIA (NVDA):
It designs graphics processing units (GPUs) for gaming and professional markets.
4. Palo Alto Networks (PANW):
Offers cybersecurity solutions and firewall technology.
5. Customer Relationship Management (CRM):
This is a strategy that companies use to manage interactions with customers and potential customers.
6. Meta Platforms - formerly Facebook – (META):
Operates social media and virtual reality platforms (e.g., Facebook, Instagram, WhatsApp, Oculus)
Note: Oculus 3 Headset is coming out next year and it’s going to include and introduce Augmented Reality to the world.
7. Palantir Technologies (PLTR):
Develops data analysis software and provides data integration and analytics platforms.
8. Adobe Inc. (ADBE):
Creates software products for content creation, multimedia, and marketing.
9. Apple Inc. (AAPL):
Designs and markets consumer electronics, computer software, Virtual Reality and online services.
10. Micron Technology (MU):
Micron Tech. inc. designs, develops, manufactures, and sells memory and storage products worldwide
I have an entire watchlist just saying AI STOCKS...
There isn't an Index yet, so I'm watching them and trading accordingly.