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Head and Shoulders

AUDUSD MIGHT POSSIPLY FORM A HEAHD AND SHOULDER AT THE SUPPORT LThe Australian Dollar to US Dollar (AUD/USD) exchange rate is currently facing downward pressure, with a bearish outlook prevailing as long as the 0.6329 resistance holds ! The pair has been declining since reaching a high of 0.6941 in 2024, with a medium-term target of 0.5806, representing a 61.8% projection of the decline from 0.8006! Recent market analysis suggests that the AUD/USD pair may retest the 0.6087 low, with a break below this level potentially leading to further declines ! On the other hand, a firm break above the 0.6329 resistance could trigger a stronger rebound. The Reserve Bank of Australia's (RBA) interest rate decisions and the US Federal Reserve's monetary policy will likely influence the AUD/USD direction in the coming weeks. we might see inverse head and shoulder on the support level.
by KRIZZ_FOREX
3
AUDUSD MIGHT POSSIPLY FORM A HEAHD AND SHOULDER AT THE SUPPORT LThe Australian Dollar to US Dollar (AUD/USD) exchange rate is currently facing downward pressure, with a bearish outlook prevailing as long as the 0.6329 resistance holds ! The pair has been declining since reaching a high of 0.6941 in 2024, with a medium-term target of 0.5806, representing a 61.8% projection of the decline from 0.8006! Recent market analysis suggests that the AUD/USD pair may retest the 0.6087 low, with a break below this level potentially leading to further declines ! On the other hand, a firm break above the 0.6329 resistance could trigger a stronger rebound. The Reserve Bank of Australia's (RBA) interest rate decisions and the US Federal Reserve's monetary policy will likely influence the AUD/USD direction in the coming weeks. we might see inverse head and shoulder on the support level.
by KRIZZ_FOREX
SMCI - Super Micro Computer, Inc.Super Micro Computer, Inc. engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products. The company was founded by Charles Liang, Yih-Shyan Liaw, Sara Liu, and Chiu-Chu Liu Liang in September 1993 and is headquartered in San Jose, CA.
NASDAQ:SMCILong
by Esmail_from_Kuwait
How High Can BITCOIN go versus GOLD (sorry uncle Peter Schiff)One of the frequent topics of discussion revolves around the legitimacy of this pattern. There’s a widespread misunderstanding about the continuation type of the Head and Shoulders (H&S) pattern. Indeed, it is a valid and dependable chart pattern. Let’s explore this often-recognized chart pattern in more detail. The Head and Shoulders chart pattern can manifest as a continuation on price charts. In an uptrend, a continuation H&S will closely resemble a H&S bottom, while in a downtrend, it will look like an inverse H&S. The implications and interpretations of a continuation H&S are generally consistent with those of reversal patterns. Price targets can be established in the same manner as they are for reversal patterns. When a head and shoulders continuation forms during an uptrend, it typically breaks out to new highs once the pattern is completed. Breakouts to all-time highs from bullish continuation patterns are often reliable and robust. Edwards and Magee highlighted the H&S continuation in their book, "Technical Analysis of Stock Trends," back in the 1930s. The pattern remains largely unchanged in today’s price charts.
CRYPTO:BTCUSDLong
by BallaJi
Gold’s Price Action: New Highs or Correction Ahead?Yesterday, gold reached yet another all-time high, slightly above 2,880. However, the price quickly dropped by 200 pips, finding support at 2,660. Since then, gold has been consolidating, but a correction appears to be looming. In the posted 30-minute chart, we can see a small head-and-shoulders pattern forming. A break below the newly established support and the neckline of the pattern could lead to a further drop to 2,640. Although trading at this stage is extremely risky, I believe gold is more likely to correct at this point rather than make a new ATH.
OANDA:XAUUSDShort
by Mihai_Iacob
10
Alarum Technologies: Speculative high-risk high-reward setupTechnicals Trend : While the daily chart is unmistakingly in a downtrend, the weekly looks more like a massive correction. However the uptrend that began in early 2023 has clearly been broken. Price Action : Last week showed some bullishness, with a bounce from the 2020 shoulder support level and and a break above the falling wedge on the daily. Altogether the move hasn't been very decisive though and it faded with a reversal bar on friday. However ALAR hasnt fallen back below wedge support. Momentum, Volatility and Volume have all been below average reflecting lingering interest in the stock. Company Overview Alarum Technologies Ltd. operates in the webscraping/data collection niche, primarily through its subsidiary, NetNut. The company provides IP proxy network (IPPN) services, enabling businesses to scrape and collect web data securely. Recent expansion efforts focus on the growing AI-driven data collection and labeling market, with products like the Website Unblocker and an upcoming AI Data Collector designed to automate and enhance data retrieval. Current Situation Q3 2024 Revenue of $7.2M, hitting the high end of guidance (+6.6% YoY) with NetNut contributing 97% of revenue. Adjusted EBITDA of $1.4M, exceeding guidance but down YoY due to infrastructure investments. Strong cash position of $24M and only 1.6M in debt. Secured a Fortune 200 client, with potential for traffic (and revenue) to triple within 6-12 months. Usage-based revenue model introduces short-term revenue volatility, while gross margins declined (73.6% vs. 79.4% YoY) due to network investments. Short-Term Outlook Q4 2024 Guidance: Estimated revenue of $7.5M (±3%) with EBITDA of $1.3M-$1.7M. Near-Term Catalysts: Further Fortune 200 client expansion, adoption of Website Unblocker, and new AI Data Collector launch. Potential Risks: Revenue fluctuation due to usage-based pricing, competitive pressure and reliance on short-term client contracts. Conclusion ALAR presents a high-risk, high-reward trade setup, with catalysts for upside momentum but also operational risks that could weigh on stock price movements in the coming months. The ongoing AI technology democratization, high operating leverage and a 1.5x EV/Sales valuation make me favor the upside whith a strict risk management recommended.
NASDAQ:ALARLong
by pupsnasenjones