MU looks bullish pre earnings I tried analyzing MU and I feel it is bullish. It is not a current market price trade as risk is way down near 73 but target is 87.
I am long and will continue to hold it as I see $88++ coming.
Earningsplay
NVDA To The TI can show you how to find great setups like this one. Just follow for more. NVDA 3wk trade top to bottom. Details in the video! Thank you for watching.
Time to buy into the GTA 6 hype?Tomorrow will be the day the first trailer for GTA 6 will be released. It's been nearly ten years since GTA 5 was released and broke world records. The wait for GTA 6 can not be compared to another game. The hype and anticipation are off the charts. This creates a unique investment opportunity.
Looking at the historical prices news related to GTA has created considerable share price movements. Especially when related to GTA 6.
In September 2022, a leak about GTA 6 caused Take-Two’s stock to plummet. Recently, when Rockstar announced in November that early December is when we would see the first news around GTA 6 the shares gapped up and rose around 17.17% in 30 days.
There is considerable space for big gains when Rockstar releases the trailer tomorrow. It all rides on the investor's expectations, which will largely be following the customer's expectations. If the customers see it being good and the trialer receives a lot of attention, positive of course, then the share price will inevitables go up.
Trailer released => Large positive response by customers => investors excited and happy => share prices rise.
Now of course this is the short-term outlook. What about the long-term? The game will most likely be released next year in the fall. But this game will no doubt break records and will allow Take-Two, the company that owns Rockstar, to profit handsomely. Just as GTA 5 did. This therefore seems like a great opportunity to buy the shares before the short-term rapid rise and possible long-term outlook. However, speaking long-termly this would need a different piece of analysis that I'm not doing right now. But all I will say is the potential for long-term growth is there and this could be a good buying in price right now.
It would be difficult to put a price range for tomorrow. But I would say between 20% - 30%, which is around the all time high. But I do see potential for further upside tomorrow.
USAU Gold Penny Stock with impeding EarningsUSAU has been in an ascending channel on the 30-minute chart with the rise in spot and future
gold prices. With earnings coming in the next day, price broke out of the channel the top line
of which is now supported albeit without a retest. The relative volume indicator shows
in 3-4X volume surge in the past week while the RSI level is now up from 50 to 75-80.
I see this as an earnings play with a stop loss just below the upper channel line at 3.75 and
a target of 4.5 and 4.75 for a good reward-to-risk ratio. This is a quick swing trade earnings
play to compliment my much larger long-duration swing trade in GDXJ. While an expected
earnings beat is probably baked into the price I am betting that the beat will be significant and
will keep price momentum intact.
Nvidia Is Still Bullish💸Hello Traders,
My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻
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➡️In today's video, I will analyse Nvidia for you🫡
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➡️Let me know your opinion about today's analysis in the comments below👇
➡️I will only enter a trading position if ALL of my trading/entry criterias are met!
Keep your long term vision!
P.S. Trading is risky and most beginner traders lose money!
INFA (Long) - AI play with a robust baseFundamentals
The market right now is full of companies acting like prime AI bets . From what I can tell, NYSE:INFA is one of the more legit ones, building an AI-powered platform for multi-cloud system
The valuation is slightly stretched but that is to be expected in a hot sub-sector. Hence, we need to gauge it against the industry, where INFA is exactly at the average
Sales growth has been reliable and strong over the past decade, and the firm is nearing profitability
Debt is stable at 1:1 ratio with equity. One fun fact is that CEO's compensation is $32m a year; the average in the industry is $8m, That's a major red flag, but we do not really care in a 6-month window; just something to be aware of
On this one though, we are here for the technicals
Technicals
The technicals on this chart are gold
Starting, as always, with a robust base which has accumulated over a longer time period
The break out of the base came on news of blockbuster earnings , which is the kind of support a name like this needs
Because of the positive news, the move was accompanied by higher-than-average volume as depicted on the graph
Indicators also further support the break : (i) volume, represented by Chaikin Money Flow, has been showing divergences long before the move actually happened (orange circles) and (ii) a factor I consider crucial, a high relative strength against the market; the indicator is clearly breaking out and pointing higher
Momentum is strong (stochastics) and supported by the rally in the broader indexes
The stock clearly broke through all the moving averages ; another important factor when looking for an uptrend with legs
Trade
On the daily, the trade is slightly stretched. However, it still provides a good entry considering the proximity to the breakout line
Ideally, the stock would oscillate around this line for a couple of days and let the moving averages catch up with the price
It is up to you whether you wait or enter here. I choose to wait just because I feel the price action in the whole market needs to consolidate for a few days
Caveat? The stock does not hold the line and breaks lower. However, considering the magnitude of the move, it is not unrealistic that this happens. In that case, I would wait for the price to break again and re-enter
Follow me for more analysis & Feel free to ask any questions you have, I am happy to help
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UDMY (Long) - Edutech reversal playFundamentals
Not my usual play, but I do like to tell myself that I have developed a keen eye for reversals. So let's see if this one works out
Udemy is an Edutech firm with surprisingly good fundamental s, considering the stock price would probably be telling you otherwise
Valuation is not extended (compared to the current market standards - P/S = 2.8), the sales growth is reliable and strong while the firm is nearing profitability
The business carries high margins and if it remains on the current trajectory, it is bound to become a highly profitable firm.
And as a bonus, it does not have any debt!
The thing I like the most though is the support the stock is getting from the overall education sector. Look at the charts of NASDAQ:DUOL or NYSE:COUR (which I recently covered in another post) to see how strongly these stocks have been performing
Technicals
Reversals are very tricky, but there is a couple of signals to always look out for
The stock broke the series of lower lows and lower highs and is establishing a new higher high
The price broke cleanly through all moving averages
And it has done so on very positive news that carried the stock 30% higher . Most importantly, we can see follow-through in price; not collapsing higher or consolidating, but rather marching higher
RSI is breaking towards new highs despite the stock being price-depressed and stochastics are showing a strong momentum
I do not know if this trade lives up to the expectations, but this is how I would imagine an ideal reversal
Trade
Putting on the trade is rather tricky , I am not going to lie. Hence why I have not put it on myself either
The next support levels are unfortunately 10% away (the black line) and the stock price has not properly pulled back. A good sign of the underlying strength, but bad if one wants to enter the trade
One option is to wait a bit but risk the trade running away from you. This is what I am going to choose because my own risk managemen t would not let me enter the trade at this price.
The other choice is to get in now. In that case, I am going to leave it to each and every one of you to pick your own spot for a stoploss. At this point, there is only one viable level that I can see, which is around the black line depicted on the graph
By the way, a really good pick for a long-term investmen t if someone is interested in that
Follow me for more analysis & Feel free to ask any questions you have, I am happy to help
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CYBR (Long) - Cybersecurity charts are too good right nowFundamentals
I have recently published a trade idea for another cybersecurity stock ( NASDAQ:QLYS ) and seems to have become a theme. The cybersecurity sector is rallying on the back of geopolitical tensions and some stocks, like NASDAQ:CYBR have put some lovely technical setups
The fundamentals here are not as pristine as in the case of NASDAQ:QLYS , but they are still robust
The revenue growth is strong and has remained robust and consistent; the sales have grown nearly 1500% in the past decade, from 47m to $700m
The company has a healthy balance sheet with a reasonable level of debt
The valuation is elevated , but that is to be expected for stocks with a lot of momentum. However, here I am attracted more to the technical setup
Technicals
Anyone who has seen my other trade ideas knows that a solid base with a high-volume breakout is a vital part of my analysis. Here, we have a base which has been forming over a three-year period . Usually, the longer the period, the more robust the base.
Last week, the base broke on a release of strong earnings followed by a higher-than-average volume, and most importantly, we have seen follow-through in price, suggesting the breakout likely has legs
Other indicators suggest continuing momentum and the overall sector is also remaining strong and in support of the rally
Trade
The price is a bit far off from the breakout point, so it currently does not offer the most ideal entry point. I would probably suggest waiting for a pullback or at least a consolidation as the stock is slightly extended on the daily.
However, for someone with a more long-term outlook , this price represents an entry as good as any
Suggested stop-loss is at the breakout point. A caveat would be if the stock fell back and through the breakout point.
One should also watch for the performance of the overall industry . For that, I can recommend the cybersecurity ETF AMEX:HACK
Follow me for more analysis & Feel free to ask any questions you have, I am happy to help
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QLYS (Long) - Ideal time for a cybersecurity betFundamentals
With the Israel/Ukraine situation developing, countries and companies will certainly not mind some extra cybersecurity spending. Hence, companies like NASDAQ:QLYS are well-positioned to benefit
Any company making new all-time highs during a challenging time in the markets should catch your interest. This one just did it on impressive earnings and with a substantial buying volume.
I wish you could see the chart of revenue, which has grown by a consistent 20% year after year for the past decade (just a straight line up). Margins are fabulous with an 80% gross margin and a 23% profit margin .
The firm is incredible at handling its own capital with an ROCE of 41.7% (the industry average is 8.9%). The ROCE figure means that the firm has grown 309% over the last 5 years while using the same amount of capital - highly efficient
The firm has no debt (!) and earnings are expected to grow 10% next year.
I could go on and on, but I know that you all degenerates are here for the charts. Just to say, if you are thinking about something longer-term, this is a perfect pick
Technicals
What else to say than to just to look at the chart setup
Clean break on an earnings announcement. The base could be slightly better, but I do not feel like letting this one run away.
RSI pointing higher, good volume, relative strength is high and the industry is driven by various robust tailwinds
Strong growth, solid fundamentals and a lovely chart - William O'Neill would be proud
Trade
I entered the stock today; I wanted to wait for a better base, but I do not think this one will be waiting
However, the weakness in the market might drag it down a bit and offer a better entry
For the stoploss , I would suggest that if the stock falls back down back to the black line and below, that would be a clear sign of a failed breakout.
Follow me for more analysis & Feel free to ask any questions you have, I am happy to help
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Is not a bad idea Market has punished unfairly this stock after earnings. It way overreacted. This is good company and earnings weren't bad at all. It will go up very soon. I bought some calls (you can just buy the stock and hold it forever is that good). Expr Nov 10 strike 230. Careful with the 238 resistance, you may want to close almost all your calls on that level.
#Verizon a recovery buy? NYSE:VZ Verizon Communications Inc. has recently released an impressive earnings report, surpassing expectations across the board and increasing their Free Cash Flow (FCF) guidance by a substantial $1 billion compared to their previous guidance. This announcement has injected new life into the stock, and it's evident in the pre-market trading where VZ has surged by almost 4%.
The current outlook for VZ is highly favorable, and here's why: A bullish divergence is emerging on both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators, particularly on the weekly timeframe. This divergence suggests that the stock is poised for a recovery, possibly leading to a profitable swing trade opportunity for investors.
Furthermore, VZ presents an additional allure for long-term investors. With a generous dividend yield of over 8%, this stock becomes a compelling choice for those seeking a stable, income-generating investment.
In summary, the combination of robust earnings, a notable increase in FCF guidance, and the promising technical indicators on the chart indicate a strong potential for VZ to recover from recent losses. Whether you're looking for a shorter-term swing trade or a long-term income play, Verizon is shaping up as an attractive option in the current market landscape
TESLA EARNINGS ANALYSIS-OCT 17th,2023Lets be very clear about TESLA'S earnings that I am not going long as per my rules & my understandings of technical analysis.
Unity : Bottom Fishing before Nov Earnings
Simple technical chart analysis and trading plan :
- accumulate at support zone $25-28 which also fall into oversold lower Midas zone . Cut loss when fall outside this support zone.
- target exit points will be at $40, $42 or upper overbought Midas zone.
*** Create simple and stress free trading plan. ***
AMD BULLISH OCT 13,2023AMD is doing something extra ordinary & I am confident that it should go to to $140 soon.
Watch the analysis carefully &trade as per your risk tolerance.
TTC The Toro Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TTC The Toro Company prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $1.52.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ZS Zscaler Options Ahead of EarningsIf you haven`t sold ZS here:
or reentered here:
Then analyzing the options chain and the chart patterns of ZS Zscaler prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $14.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SPLK popped on earnings. Can it continue? SPLK had a very impressive beat on earnings and traders responded with buying pressure
to push price up more than 15%. The question now is whether SPLK can sustain the
new interest or will it fade or drop. My analysis is that best on the short term volume
profile compared with the longer term is that there was a lot of trading at the top as
new but late buyers competed with short sellers on price and so the price rise stalled.
As a result I see price consolidated here and suspect that short sellers will push price
down from here. I will have SPLK on watch for a stock short trade and put options as
it is apparent that traders overreacted to the earnings beat. Price is still above the
POC line on the stort term volume profile. Once it drops below, I will look for a short
entry on the 3-15 minute time frames.
WOOF dropped after an earnings beat now setup REVERSALOPRA on the 30-minute chart dropped after an earnings beat as apparently a lot of traders
expected better. The volume profile shows the vast majority of the trading occurred in
the 5.05 to 5.25 range. This heavy accumulation should result in price movement in due
time per Wycoff. I believe that a long trade is setup for a Fibonacci retracement of the
drop into the middle levels and so 5.85 as shown by the indicator on the chart. The mass index
indicator reached the reversal zone and then triggered with a drop below it confirming
a probable reversal. The MACD is showing bullish divergence.
I will place a buy stop order above the POC line of the volume profile with a stop loss at 12.0
just below the POC line is a safe 10-13% trade which may take into the beginning of next
week. I will take call option contracts as well. If you want to know the details of those,
please leave a comment.
Nvidia -> Earnings ObliterationHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $800 level.
On the weekly timeframe you can see that Nvidia is not slowing down at all and with today's massive +10% after hour earnings gap Nvidia just created new all-time-highs.
Since the weekly and the monthly timeframe are both back to bullish now, I am simply waiting for a retest of the previous resistance at the $470 level which is then acting as strong support.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
NVDA's Earnings Report: Strategic Positions to Consider Introduction:
It's time to rejoice as we dive into the exciting world of NVIDIA Corporation (NVDA) and explore the potential positions to consider after their recent earnings report. With the stock prices rising, let's embrace the positive vibes and strategize our moves to make the most of this profitable opportunity!
1. Riding the Momentum:
NVDA's earnings report has sent shockwaves through the market, propelling the stock prices to new heights. As traders, we can ride this momentum and capitalize on the upward trend. We can join the celebration by positioning ourselves to benefit from the stock's bullish run and potentially reap impressive profits.
1. Long-Term Growth Perspective:
NVDA has consistently proven its ability to innovate and adapt to the ever-evolving tech industry. With a strong focus on artificial intelligence (AI), gaming, and data centers, the company has positioned itself as a global leader. As the demand for these sectors continues to grow, NVDA's long-term growth prospects remain promising. Traders with a more patient approach may consider holding onto their positions, allowing them to enjoy the potential benefits of sustained growth.
2. Options Trading for Enhanced Gains:
For traders seeking a more dynamic approach, options trading can offer exciting opportunities. With NVDA's stock prices on the rise, options strategies such as buying calls or employing bullish spreads can help magnify potential gains. By leveraging these strategies, traders can amplify their profits while managing risk effectively.
3. Diversification for Stability:
While NVDA's recent earnings report has been impressive, it's always wise to maintain a diversified portfolio. By spreading our investments across different sectors, we can mitigate potential risks associated with any single stock. Consider exploring other promising companies in the tech industry or even different sectors, ensuring a well-rounded portfolio that can withstand market fluctuations.
4. Staying Informed:
As traders, staying informed is crucial for making sound investment decisions. Monitoring NVDA's news, industry trends, and quarterly reports will provide valuable insights into the company's performance. Additionally, monitoring the broader market sentiment and potential catalysts can help guide our positioning strategies effectively.
Conclusion:
With NVDA's earnings report driving its stock prices to new heights, it's an exciting time to be a trader. By capitalizing on the momentum, adopting a long-term growth perspective, exploring options trading, diversifying our portfolio, and staying informed, we can position ourselves for success and potentially reap significant profits.
Remember, trading is both an art and a science, and embracing a positive mindset while making informed decisions is the key to thriving in the market. So, let's celebrate NVDA's success and embark on this profitable journey together!
PANW Palo Alto Networks Options Ahead of EarningsIf you haven`t bought PANW`s Double Bottom here:
or before the earnings here:
Then analyzing the options chain and the chart patterns of PANW Palo Alto Networks prior to the earnings report this week,
I would consider purchasing the 230usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $7.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AlertNVDA stock just breaks out of a bullish flagThis week, Wall Street will focus on Nvidia's quarterly report as investors search for potential catalysts to rekindle the U.S. stock market recovery.
In addition to a 6% gain last week, the chipmaker's shares are up 6.66% so far on Monday ahead of Nvidia's quarterly report on Wednesday.
NVDA stock just broke out of a local bullish flag. Traders expect it reaches $500 in the short term.
The technical target of the pattern is just below $600!
DLTR reverses up on pre-earnings move LONGDLTR has earnings in 3-4 trading days. On the 30 minute chart it has been sideways
and maybe a little down for this past week which is par for the course given the
general market. In the last trading day, price bounced up from the lower of
the two Bollinger band set at 2.618 standard deviations below the mean basis
band. The ZL MACD lines are upgoing and crossed over the zero-line. The
ADX lines both negative direction and positive direction are flat and ad the zero
level. The BB Oscillator demonstrates the bounce at the Friday morning open.
I will take a long trade in DLTR in the next three days anticipating that trader
interest and a little greed will push the price higher. I may take a call option as
well. If you want to know which call I may have an interest in taking, please leave
a comment.
