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Netflix (NFLX): Explosive growth, but caution aheadNetflix ( NASDAQ:NFLX ) is set to open 14% higher after adding a record-breaking 18.9 million subscribers in Q4—nearly double Wall Street’s expectations and well above the early 2020 peak of 15.8 million. These incredible numbers have sparked a strong market reaction, and the enthusiasm is well-justified. Following this update, we’ve re-evaluated the chart. While we anticipate the potential for more upside, it’s unlikely that NASDAQ:NFLX will continue climbing without a significant correction at some point. The trendline since May 2022 has proven its importance, serving as resistance nine times before being flipped into support and holding firm on a key retest. Currently, Netflix is approaching the significant psychological level of $1,000. If this level is reclaimed, a further push toward $1,070 and even $1,300 could materialize. However, we’re exercising caution as major levels and target zones have already been achieved. There is a chance—albeit slim—that today’s earnings gap could mark the top of wave ((v)) and wave 3. For now, we’re waiting for further developments and will decide our next steps as the stock’s trajectory becomes clearer. Stay tuned for updates.
NASDAQ:NFLXLong
by freeguy_by_wmc
Adobe (ADBE): Patience Pays Off After 35% RallyFollowing our last analysis of Adobe (ADBE), the stock saw a 35% rally from June to September, only to flush back to our preferred range—a clear reminder of the importance of considering the bigger picture rather than chasing every setup. Six months later, Adobe now trades below our initial analysis levels, reinforcing the value of patience. Currently, the stock has tagged the 61.8% Fibonacci retracement level, showing a promising reaction. However, reclaiming and flipping the key resistance at $446 with strong momentum is crucial. If this level is reclaimed, we will look for a pullback to bid at this key zone. Should Adobe fail to reclaim $446, another drop toward the $386–$350 support range becomes highly likely. As such, we are not rushing into long positions for the sake of being positioned. On the fundamental side, Adobe faces critical challenges as investors question its ability to monetize new AI features and fend off competition from emerging startups. These factors will play a key role in shaping the company’s outlook. For now, we remain patient, watching for clear rejections or reclaiming of the key levels. Key Resistance: $446 Key Support: $386–$350
NASDAQ:ADBELong
by freeguy_by_wmc
47% GROWTH》GODREJPROP SHOWING A GOOD REVERSAL SIGN FROM BOTTOMRecently NSE:GODREJPROP almost drawdown 19% from recent high and we plan for almost 47% upward potentially reward. 🔔 NOTE: ➡️ ENTRY ONLY IF the weekly candle CLOSES ABOVE 2550 INR. 📊 Godrej Properties (GODREJPROP) is exhibiting a positive reversal from its bottom levels. However, ⚠️ signs of weakness remain visible. ✅ Suggestion: Wait for a strong confirmation with the weekly close above 2550 INR to enter. Once confirmed, bullish momentum could target long-term profits at the 3802 INR level. 🎯 TARGET LEVELS TP-1 🟡: 2836.25 INR TP-2 🟠: 3026.00 INR TP-3 🟢: 3405.90 INR (50% Profit Booking Recommended Due to Resistance ⚒️) TP-4 🟩: 3802.00 INR (Long-Term Target – 9 to 12 Months 🚀) 📉 STRICT STOP LOSS (SL): 2240.90 INR 🚫 (Ensure proper risk management here!) ⚡ Action Plan: If entry conditions are met, follow the targets and risk levels carefully. This stock offers an excellent reward-to-risk ratio, but confirmation is key! 🕒 🔴DISCLAIMER: I AM NOT A SEBI-REGISTERED ANALYST. SECURITIES AND INVESTMENTS ARE SUBJECT TO MARKET RISKS. PLEASE READ AND UNDERSTAND THE TRADING IDEA CAREFULLY BEFORE MAKING ANY INVESTMENT DECISIONS. INVEST WISELY AND AT YOUR OWN RISK. 📉📈 If you find this really helpful Like,share,subscribe @Alpha_strike_trader
NSE:GODREJPROPLong
by Alpha_strike_trader
S&P 500 Daily Chart Analysis For Week of Jan 17, 2025Technical Analysis and Outlook: During the recent trading session, the S&P 500 attained our designated downside target of Mean Support at 5775, which initiated a robust rally. This rally enabled the index to reach our target of Mean Resistance at 5920 and advance further to the newly identified Mean Resistance at 6035. The market is currently exhibiting strong and consistent upward movement. The bullish trend appears poised to continue towards our subsequent target, the Outer Index Rally at 6123, which will be approached via Key Resistance at 6090. Following that, additional targets of 6233 and 6418 are also anticipated. However, it is essential to acknowledge that reaching the initial rally level and the subsequent targets will result in a price pullback. Such a pullback is expected to prepare the market for the next phase of the bullish trend.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Jan 17, 2025Technical Analysis and Outlook: The Eurodollar has seen a notable increase in volatility during this week's trading session after completing our significant Outer Currency Dip at 1.020. The interim rebound reached our target of the Mean Resistance at 1.030, as outlined in last week's chart analysis. We are now anticipating a retest of the completed Outer Currency Dip at 1.020, with additional extension levels at Outer Currency Dips of 1.016 and 1.005, respectively.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 17, 2025Technical Analysis and Outlook: Bitcoin has reached our significant Key Resistance level of 106000 during the current week's trading session. This development signals a retest of the completed Outer Coin Dip of the 108000 cryptocurrency before the expansion of the continued upward movement. Nevertheless, an interim decline may likely occur, leading down to the Mean Support level of 100000, with a potential further extension to the Mean Support level of 95000 before any resurgence in the bull market occurrence.
BITSTAMP:BTCUSD
by TradeSelecter