ADOBE: What is the stock doing before the Q2 earnings Adobe's stock price has been declining over the past month, currently trading below its 50, 100, and 200-day moving averages, with the chart drawing a "death cross" pattern around mid-April, which further confirms the bearish sentiment. The stock now trades at a 25% discount compared to the highs earlier this year.
The Volume Oscillator currently stands at 1.3%, suggesting some buying interest remains, but it's weakening compared to recent trading volume. This could signal a potential reversal, but the downtrend remains strong, with the neutral RSI not suggesting any bullish reversal either.
Next week's Q2 earnings announcement could be a significant catalyst for Adobe. Positive earnings could potentially reverse the current downtrend, but the recent controversy surrounding Adobe's terms and conditions update could weigh on investor sentiment.
The T&Cs update has sparked concerns among users, particularly creatives worried about their creations being used to train AI models, and professionals concerned about the privacy of their data. This could potentially impact Adobe's reputation and customer base, particularly since Adobe remains relatively silent on the issue. This uncertainty adds another layer of risk to the stock in the near term.
Earnings
VTYX- a risky biotechnology penny stock LONGVTRX is on a 120 minute chart, currently trading at 90% off its ATH and 50% above its absolute
long term support level. Price tried to cross above the long term mean VWAP 3 months ago
but was rejected. I anticipate that in time it will try to so so again. From 3.3 to a target of 9
would be a move in the neighborhood of 300%. I will take a small position long trade here.
This will be highly volatile. I will place a 25% stop loss to give VTRX room to roam for a couple
of earnings periods. Once the price rises 25% I will convert to a trailing stop loss of 25% and
make the then risk free trade low maintenance.
NIO ? Are traders ready to love it again LONGNIO on the daily is 95% below its ATH Winter of 2021 and 50% lower YTD. In China NIO is
competing well with XPEV, LI , BYD and TSLA while it makes further penetrative into the
EU market. Its unique concept in action is battery leasing and battery swapping making
charging time no longer relevant. Apparently, the battery swapping time from a depleted
battery to one carrying a charge is 15-20 minutes. Being a bottom-seeking bargain hunter quite
often, I will take a long trade here with a planned duration of two earnings periods.
DELL moves higher in continuation LONGDELL on the weekly chart shows its bullish trend which accelerated this past March as shown
on the Prive Volume Trend. The relative volume indicator shows some spiking blue volume
bars of buying volume = 3 of the 13 weeks in the past quarter. I see this as a long swing trade
or even an investment to hold at an easy to get into price compared with SMCI. DELL may be
a bit overbought and overextended but I am convinced it is for good reasons and that a trade
here will pay profit over time. The dip of 5% in the past trading day provides a good entry.
$NVDA Risk On into Earnings Post Market 5/22/24Seeing lots of double/triple tops on multiple timeframes. Way overbought but that's never an entry thesis. Just love the contrarian risk reward to the downside here with a hard stop at $975. Quick trade one way or the other and my love for NVDA does not constitute a trade per rules.
GOLD ANALYSIS 30/05/24🔴 Here are the most notable developments:
• As we mentioned previously, the preference is to buy the dollar with every decline
• This comes after statements by Federal Reserve member Neel Kashkari, who surprised the market and said that the Fed may move to raise interest rates instead of lowering them if inflation continues to rise.
• Nvidia is close to exceeding $3 trillion in market value and is close to surpassing Apple to become the most valuable company in the world.
👈 Today will be very important as the financial markets await the release of the US GDP statement at 3:30 Saudi time.
🔥 This news will have a strong impact on the movement of global markets, so please be careful
im no trading now closed every single trade i had , 10 minutes left for the Economic Data " Jobless claims " ...
#eih #hotelsDaily chart is strong for the stock, before results for the March-24 quarter stock took a dip, now near the support zone, stock has given the breakout in Mar-24 and now retesting the breakout levels, near the support zone, so risk reward is favourable. Buy Near 431 for the target 485 with stop loss 414 in next 1-2 Months.
Nextracker: Solar Uptrend Taking Shape?Nextracker went public in early 2023, which were dark days for solar energy. However, some traders may see brighter times as the industry rallies.
The first pattern on today’s chart is the series of higher lows since early last year. Is a longer-term uptrend taking shape?
Second, the most recent trough occurred near the 200-day simple moving average (SMA). Its 50-day SMA is also above the 200-day SMA. Those are also potentially consistent with an upward trajectory.
Third, prices rallied after most of the quarterly reports. That may reflect optimism about its fundamentals.
NXT is a relatively new company whose systems keep panels pointed at the sun. It mostly serves large utility-scale projects and not residential installations. Its niche, which includes Array Technologies NASDAQ:ARRY , has recently strengthened as AI fuels power demand.
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TAP flushed on a good earnings beat into support LONGTAP appears to to have fallen into support on a good earnigns beat Perhaps traders were
expecting a better beat. It is now 15% below the resistance zone where shorts will take
positions and longs will sell- off. TAP has sales and consumer loyalty in its brands. It is
free of the controversies that had bogged BUD down. I see this as an opportunity to get a
decent stock at a discount. My target is 62 at the half way point has designated by the fib tool.
RIVN a trade from deeply undervalued LONGRIVN on a 60 minute chart with set of anchored VWAP lines appears to be finishing a double
bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising
to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here
with the targets in a textbox on the chart. I am interested in the action of the lesser EV stock
while TSLAs fundamentals are challenged by earnings constraints in the face of downward
pricing and whether discounting will stimulate demand or instead accelerate the path down as
investors may perceive the pricing scheme as a sign of weakness ( or even desperation).
COST: Technical Strength Ahead of EarningsMuch of the Consumer Defensive industry and most Discount Stores have been in decline due to rising inflation. Many stores are struggling with lower revenues due to higher costs and their customers being more frugal during rising inflation periods.
NASDAQ:COST is an exception with its massive strategy to buy food and common consumer necessities directly from producers and manufacturers and then use the Costco private label, Kirkland. The quality of the packaged food or clothing or other consumer product is the same, but with its ability to buy huge quantities, it has higher revenue growth after the pandemic that other stores would envy.
The stock needs to settle into a sideways or platform trend to pattern out some excessive pricing structure from last quarter. It reports May 30th and the trend implies that the report should meet or exceed estimates.
The previous Fundamental level is a Dark Pool Buy Zone, providing solid support. Pro traders followed that with a new pattern I call "the Nudge" which tends to lead upward momentum.
Why Nvidia Stock Could Continue Its Bull Run After May 22This year has been remarkable for Nvidia (NASDAQ: NVDA) investors, with the company's shares surging more than 91%. The stock's momentum might receive a further boost when Nvidia announces its first-quarter fiscal 2025 earnings on Wednesday, May 22.
Nvidia is set to release its quarterly report amid favorable trends in the artificial intelligence (AI) semiconductor sector, potentially enabling it to surpass Wall Street's forecasts.
KeyBanc analyst John Vinh projects Nvidia will report Q1 earnings of $5.81 per share on revenue of $25.6 billion, which is higher than the consensus estimates of $5.57 per share in earnings and $24.6 billion in revenue.
Howmet Aerospace Holds a Lot of PotentialNYSE:HWM Howmet Aerospace holds a lot of potential. They manufacture components for jet engines, fasteners, and titanium structures for aerospace applications, and forge aluminum wheels for heavy trucks.
Aluminum products are an excellent choice to help achieve higher energy efficiencies due to their lighter weight. Just to give you an example, aluminum alloy wheels are 30% lighter than steel wheels.
Higher inflation wouldn't affect this company much. In fact, during their last earnings call, I believe they said that 95% of their costs can be passed onto their customers.
The financials have been great since the split from Arconic Inc., but of course, you need to wait for the fundamentals and the technicals to align before you make an entry.
I made my initial purchase the day of the earnings gap. Now that I have a cushion, I added more during the pullback. I believe this earnings gap pullback shows relative strength; it hasn't even come close to the breakout candle.
This stock is a market leader. It's already up 63% in the last 6 months. Hopefully, I can get a nice swing out of this one. What stocks are on your radar right now?
Study of Dark Pool Buy Zones: CRWDNASDAQ:CRWD reports out of season, June 4th. When outlined to eliminate the extreme price action, there is a clear sideways trend. This is a Dark Pool Buy Zone. When the stock moves outside of that zone, it recovers quickly back into the zone.
The huge Black candle was a gap up by HFTs on the last earnings report, followed by pros taking profits. Along with a lack of accumulation at that level, the stock whipsawed back down. The black candles thereafter were smaller funds selling on each bounce. Notice the tiny white candles that follow the black candles (see the orange arrows), patterns that reveal controlled, incremental buying against the selling.
This is a longer sideways trend with stronger support and more definition of the buy zone despite heavy interference from small funds selling in the past couple of months.
BMY- a large cap pharm loosing market cap SHORTBMY is here on the daily chart. The double top and death cross of the EMA moving averages
makes for a strong candidate to short with shares or take put options. A comparsion of the
most recent earnings report with the previous one sixty days earlier tells most of the story.
The dual time frame RSI indicator shows ongoing wekaness. I will short BMY here and take some
call options as well. I am in LLY long in a big position. This will be a race in opposite directions
for two large cap pharmaceuticals.
$LNTH From wild to tamed period NASDAQ:LNTH has been exhibiting tame behaviour now that the uncertain period during down trend has caused unnerving traders to buy and sell. It has reversed with strong earnings recently and now is on the uptrend forming the 2nd #Goldencross. I am selling my house so to speak to go all in. LOL.
PFE potential Buy setupReasons for bullish bias:
- Entry at accumulation phase breakout
- Bullish Harmonic XABCD pattern on weekly
- Strong weekly Bullish divergence
- Price broke strong downtrend trendline
- Strong bullish weekly candles at support
- Positive Earnings
Here are the recommended trading levels:
Entry Level(CMP): 28.91
Stop Loss Level: 24.65
Take Profit Level 1: 33.17
Take Profit Level 2: 37.43
Take Profit Level 3: Open