Get started

Fibonacci

NIFTY50.....Buy signal with stop-loss @24660!Hello Traders, The NIFTY50 fell to 24660.25 on Friday, showing a "gap down"! This gap was closed with a hammer candle, a strong buy signal as long as the low of the hammer holds! It also bounced back to the lower trend line for the 3rd time, showing a good recovery from the lows. There is resistance at or around 24850 and a move around this area opens the door to 25065 depending on when and if it is reached. The descending trend line is also a good clue, as the price will extend this area. From an Elliott Wave perspective, we probably saw a wave b of an expanding flat this week, and the recovery would be a wave c of iv. This would take the rest of next week to establish! In some cases, a wave c of a flat only retraces a 0.618 Fibo of wave a. But only if wave a has developed into a "three-down"! The overall count is unchanged, and the next few days leading up to the US election will be quite exciting! Stay tuned and trade with patience! Have a great week..... Ruebennase Please ask or comment as appropriate. Trading based on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
Fundamental analysis on UI Path: medium-long term.Hello everyone, It's a fundamental analysis, all the way I used some technical analysis tools (see, fibionacci retracement, channels, trend-lines and resistances) because, since not having enough history (the IPO having been in 2021) technical analysis has to give precedence to the fundamental analysis, especially when it's not crypto assets but companies really operating in the markets, and especially among all, the technology one (automation/AI sectors)! Let's start with fundamental analysis: UI Path: An explosive growth opportunity? UI Path (NYSE: PATH), a leader in the robotic automation industry (RPA), may be poised for significant upside. With a market set to grow from $10 billion in 2023 to over $23 billion by 2028 (CAGR of 19%), UI Path is perfectly positioned to ride this wave. Currently, the share price has fallen to $13.06 (as of Oct. 19, 2024), making it a potentially undervalued opportunity. Strengths: Continued revenue growth: In 2023, UI Path reported revenues of $1.06 billion, up 19 percent from the previous year. Forecasts indicate revenues of 1.25 billion by 2024, with the possibility of exceeding 1.7 billion by 2026, for an annual growth rate of 15%. Loyal and expanding customers: With a 130% retention rate, customers not only remain loyal, but also increase their investment in UI Path's platform, signaling trust and steady growth. Profitability in sight: The company is rapidly improving its operating margins, and is expected to become profitable in the second half of 2025. Gross margins are already at 80 percent, providing a solid foundation for future growth. Strong liquidity: UI Path has $1.8 billion in cash and minimal debt exposure. This position of strength allows it to invest in innovation and weather any economic shocks. Propelled by artificial intelligence: UI Path is integrating new capabilities based on artificial intelligence, making its solutions even more powerful and sought-after, especially as digitization increases in every industry. Potential valuation and upside: Current price: Currently, the stock trades at $13.06. Price target: Analysts predict an average target of $22, with an optimistic estimate as high as $27. This represents a potential upside of 68 percent to over 100 percent. Valuation Multiples: With a current Price/Revenue ratio of about 6.8x, the stock is undervalued relative to the historical average for growth technology stocks. A return to a 10x ratio could bring the stock price to $22-23. Why get in now? on the continued expansion of the automation market and UI Path's solid positioning, the current price of $13.06 seems to offer an attractive entry opportunity. If the market recognizes the expected growth and impending profitability of the company, we could see a significant upside of 70-100% in the next 12-18 months. For UI Path, I would personally tend to be bullish, but with some caution. Here's why: Bearish aspects (to consider): Stock valuation: Although currently trading at lower levels than peaks, UI Path remains relatively expensive compared to other tech companies. If it fails to demonstrate profitability on schedule (by the second half of 2025), there could be bearish pressure. Growing competition: The automation and AI industry is becoming very competitive, with large and small players entering the space. This could put pressure on margins and UI Path's ability to maintain its leadership. Dependence on macroeconomic environment: A global economic slowdown or reduced technology spending by businesses could negatively affect UI Path's growth, as many companies may postpone implementation of automation solutions. Technically: If one wants to trade , one would have to wait for a break of the red channel for bullish confirmation. However, in the past few sessions, we are bouncing off the mm50 daily, which could act as support. However, one has to be careful as nothing prohibits that before going to make the targets indicated by the resistances (orange horizontal lines) it could make further bottoms. If one wants to hold , this entry level is also perfect. I expect in the next 5 years a boom in this stock. Yes, I calling for a pump :D I would like to remind you that this is not intended to be an incentive to invest, disinvest or stay flat but is only the result of fundamental and technical studies and analysis. Thanks for your attention and remember this analysis in a few years. Omar
NYSE:PATHLong
by omarlima9546
LSCC | Bull Flag Forming | LONGLattice Semiconductor Corp. engages in the business of developing technologies that are monetized through differentiated programmable logic semiconductor products, system solutions, design services, and licenses. The firm also offers silicon-based and silicon-enabling products, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. The company was founded in 1983 and is headquartered in Hillsboro, OR.
NASDAQ:LSCCLong
by DivergenceSeeker
SWING IDEA - EQUITAS SMALL FINANCE BANKEquitas Small Finance Bank , a leading small finance bank in India, is showing promising signs for a potential swing trade. Reasons are listed below : 75 Zone as a Strong Support Zone : The 75 level has proven to be a solid support zone, providing a strong foundation for a potential upward move. Bullish Hammer on Weekly Timeframe : The formation of a bullish hammer on the weekly chart, which also engulfed the previous week's candle, indicates strong buying pressure and a potential reversal from the support level. 0.5 Fibonacci Support : The stock is currently resting at the 0.5 Fibonacci retracement level, a key area where buyers often step in to push the price higher. Gradual Uptick in Volumes : An increasing volume trend suggests growing investor interest, further supporting the potential for a bullish move. Target - 95 // 105 // 115 Stoploss - weekly close below 72 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:EQUITASBNKLong
by Visionary_Growth_Insights
3
NEIROUSDT → Someone's interested in the coin. Consolidation...BINANCE:NEIROUSDT is a rather interesting coin, which looks quite promising and stronger than the general market. Consolidation is forming on the background of the bullish trend. A good hint of the trend continuation... The coin is moving in steps. The pullback is forming the lower boundary of further consolidation, the purpose of which is to accumulate the potential for the continuation of the trend. Exceptionally bullish character of the movement... Emphasis on the borders of the current consolidation 2.182 - 1.835. The extreme support retest ended with the confirmation of the accumulation boundary without updating the local minimum, which indicates that the correction (most likely) is coming to an end. The reason indicating the readiness of the price to leave the accumulation and move to the realization phase will be a prolonged trade near the resistance. Resistance levels: 0.002182 Support levels: 0.0018355 Consolidation continues, I am waiting for the moment when the coin sticks to the resistance and starts to consolidate between 2.18 - 2.07. In this case, the coin will move to the formation of a pre-breakout consolidation with the aim to breakout and further growth. I don't exclude the fact that NEIRO may go to 1.517 for liquidity before continuing its growth. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:NEIROUSDT ;) Regards R. Linda!
Long
by RLinda
1
Target $3,745 in XAUUSD monthly timeframeOunce made a new ATH last week. Currently, it is involved in a monthly target that I specified for you with the help of Fibonacci extension. The beginning of the Fibonacci extension is the price of $252 on August 2, 1999 There is a possibility that we will have a price correction in this area, but if the price stabilizes above $2,713, it can continue to rise. The next target in the monthly timeframe of XAUUSD will be the range of $3,745, which can be thought of as a long-term view.
OANDA:XAUUSD
by mhbaniasadi
1