FMC Corp | FMC | Long at $58.00NYSE:FMC Corp is currently trading at a P/E ratio 6x and has a 3.98% dividend. It had a very rough year in 2023, but the company estimates improved earnings and growth after 2024. From a technical analysis perspective, it appears to be in an accumulation phase after seeing a low around $50 and wavering between that value and $68 for 11 months. Unless fundamentals change post earnings, it is currently in a personal buy zone at $58.00.
Target #1 - $81.00
Target #2 - $85.00
Target #3 - $90.00
Target #4 - $122.00 (very long-term...)
Moving Averages
Boeing May Be Attempting a TurnaroundBoeing has struggled for years, but now there may be signs of a turnaround in the aerospace giant.
The first pattern on today’s chart is the series of lower highs between December 2023 and early December 2024. The stock has now pushed above that falling trendline, which may suggest its direction is turning.
Next, the 50-day simple moving average (SMA) just formed a “Golden Cross” above the 200-day SMA. That may also indicate a change of direction.
Third is the rally between November 22 and late December. BA retraced half the move before bouncing, which may confirm an upward trajectory.
Fourth is the weekly close of $179.99 from mid-August. The shares have been stuck at that level since December. That may make traders view a close above it as a potential breakout signal.
Recent price action has gotten more interesting as well. Last week saw an outside candle around earnings, and now an inside week is forming.
While these signals are inconclusive, they’re all potentially consistent with a reversal. Could more news of a business revival bring long-term money off the sidelines?
Finally, BA is an active underlier in the options market. (Its average volume of 127,000 contracts per day ranks in the top 5 percent of the S&P 500, according to TradeStation data.) That may help traders take position if the shares start moving.
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$SPY February 5, 2025AMEX:SPY February 5, 2025
15 Minutes.
Moving averages have converged.
Need to hold 598 today.
For the fall 609*.18 to 595.5 NYSE:SPR has retraced 61.8% to 602 levels yesterday.
Hence a pull back.
AMEX:SPY forming HH Hl pattern.
Long bars have sorted out.
Above 602.5 we have a target 604-605 levels.
If 597 is broken 595 will be support as of now which is 61.8% retracement for the last rise from 590.5 to 602.31.
EUR/AUD: Testing Uptrend Support After December High RejectionEUR/AUD has pulled back after failing to clear the December highs, bringing it within touching distance of uptrend support. With the 50-day moving average just below, it provides a bullish setup.
Longs could be initiated above the uptrend with a stop below the 50DMA for protection. It would be preferable to see the price test and hold the uptrend before initiating the trade. 1.6800 screens as a potential target.
Good luck.
DS
Golden Zone and Moving AveragesGreetings, thank you for your time.
This is a 2 Week Chart and the candle is still forming.
It's a blessing we see these observations.
The Altcoins( excluding the top 10) is currently residing above the 50 EMA(in blue), if we look back on the chart the 50 EMA acted as a key level in the past.
The price is also currently above 200 EMA (in orange)which means it is technically in and up trend.
The price is also currently residing in the golden zone of the Fibonacci level.
There is a possibility that price may form an upward parallel channel.
Please be mindful and wait for candle completion. Watch how the candle reacts to the Moving Averages and be careful of consolidation and if possible look for other confluences before you make a move and please double check and be careful.
Decent technical spot to enter a long on ELF cosmeticsLooks like a decent spot to go long here with a tight stop.
Enter $85
Stop Loss $74
TP1 $124
TP2 $169
Pros
RSI Oversold
Bollinger Band Oversold
Fibonacci Golden Pocket means good spot for reversal
200 week moving average can act as support
Cons
Tariffs
Large Head & Shoulders pattern with neckline broken
Unknowns
Earnings on Thursday 2/6
AUMAS - Positive corelation with GOLD price movement ?AUMAS - Current price : RM0.890
AUMAS is bullish as the share price is above 50-day EMA. Note that the price breakout ICHIMOKU CLOUD on 31 JANUARY 2025 with high trading volume.
Gold future price surge to new high due to uncertainty and weak global sentiment. AUMAS is engages in gold mining business in Malaysia. The share price have a positive corelation with gold price movement. As such, i expect the share price may move higher in the upcoming session.
ENTRY PRICE : RM0.890
TARGET : RM0.980 (+10%)
STOP LOSS : RM0.820 (-7%)
Notes : The company was formerly known as Bahvest Resources Berhad and changed its name to AuMas Resources Berhad in December 2024. AuMas Resources Berhad was incorporated in 2004 and is headquartered in Tawau, Malaysia.
Estee Lauder | EL | Long at $63.00On November 13th, 2024, the Director of Estee Lauder NYSE:EL purchased $10,000,000+ worth of shares. From a technical analysis perspective, this makes sense as it almost double entered my "crash" simple move average lines (indicated in gray). On the rare occasion the price double dips these areas, odds are typically in my favor a rally may be ahead (obviously, without unforeseen bad news from the company). While it still may dip into the "crash" simple moving average lines ( GETTEX:50S ), I believe the "Santa Claus" rally is around the corner and we may be close to a near-term bottom for $NYSE:EL. However, this is a very risky play due to the fundamentals of the company - which currently aren't good. But future prospects from NYSE:EL may change the momentum. Thus, at $63.00, NYSE:EL is in my personal buy zone.
Target #1 - $86.00
Target #2 - $100.00
Target #3 - $120.00
$BTC Bearish Trend next 6-8 monthsPosting what I see, as I always do, based on technicals. Sure, fundamentals are all bullish but we have all seen bullish fundamentals like ETF's become top signals. I will say $TRUMP coin was a massive top signal; add to that Michael Saylor on the cover of Forbes, and there are plenty of other things imho, but technicals are all I care about.
Long on BTC - Bullish SetupI am currently long on Bitcoin (BTC) against Tether (USDT) based on the following analysis:
Chart Analysis: The chart shows a recent downtrend but BTC is currently trading at $99,665.0 with a slight decrease of -1.61%. However, there are signs of potential reversal:
The price has bounced off the support level around $98,513.1, which is a positive sign.
The RSI (Relative Strength Index) is at 55.84, indicating that BTC is neither overbought nor oversold, providing room for upward movement.
Volume has increased recently, suggesting growing interest and potential for a bullish move.
Key Levels:
Resistance: The next significant resistance levels are at $100,223.6 and $102,512.4. Breaking above these could confirm a stronger bullish trend.
Support: Immediate support is at $98,513.1, with further support at $97,000.
Strategy: My strategy is to hold long positions, anticipating a breakout above the resistance levels. I am watching for a close above $100,223.6 to confirm my bullish thesis.
Risk Management: Stop loss is set below the recent low at approximately $97,000 to manage risk.
Keep an eye on this setup, and let's see if BTC can push through the resistance and continue its upward trend. Feel free to share your thoughts or analysis below!
GOLD | Bullish Pivot Points | $3,000This TA focuses on the bullish pivot points while at the same time using the 150-day SMA in conjunction to help manage trades and to use as a dynamic support level
The Fibonacci extensions are there to confirm the pivot points and to have an idea of where the trajected targets are
Next targets are $2,850 -$2,875
🎯
Keeping an eye on these pivots will help forecast the next psychological target of $3,000
$SPY February 4 2025AMEX:SPY February 4 2025
15 Minutes
Yesterday Gap down was not held.
590 was protected.
The number to watch at the moment is 586 on downside.
For the fall 609.72 to 590.5 602 is 61.8% retracement.
Since AMEX:SPY below all moving average 602 will provide a good level to short today.
If we take the last rise 590.5 to 600.29 594-595 will be good level to go long for 600-602 level as target SL 592.
SNPS Trading Plan: Anticipating a Break Above SMA 150 at 535.73NASDAQ:SNPS
Currently, the price of SNPS is 520.70, which is slightly below the 150 SMA (527.81). The suggested entry point is 535.73, positioned above the SMA 150 to confirm a potential upward trend.
Entry Strategy:
Wait for the price to break above 535.73 to signal confirmation of strength and momentum.
Verify that the SMA 150 remains in an upward trend or shows signs of reversing upward.
Stop Loss:
Set the stop loss at 519.9, just below the SMA 150, to protect against significant downside.
Target:
Identify potential resistance levels above 535.73 to define profit-taking zones.
Alerts:
Place an alert on TradingView at 535.73 to get notified when the price breaks the entry point.
Note:
This plan also aims to identify a potential upward reversal in the trend of the SMA 150, ensuring the stock aligns with a strong bullish movement.
NVDA Trading Plan: Waiting for a Break Above SMA 150 at 130.84Currently, the price of NVDA is 117.81, which is below the 150 SMA (128.9). The suggested entry point is 130.84, which is safely above the SMA 150, indicating a confirmation of upward momentum.
Entry Strategy:
Wait for the price to break above 130.84.
Ensure the SMA 150 continues to trend upward for additional confirmation.
Stop Loss:
Set the stop loss was at 126.97, below the SMA 150, to minimize risk.
Target:
Monitor the price action for key resistance levels to determine potential profit targets.
Alerts:
Set an alert on TradingView at 130.84 to notify you when the price breaks the entry level. NASDAQ:NVDA
Lowe’s Makes a Lower HighLowe’s has been falling since mid-October, and some traders may see further downside risk.
The first pattern on today’s chart is the series of lower highs and lower lows over the last three months. If the resulting descending channel remains in effect, it could point to potential move below the January 8 low of $242.96.
Next, the 50-day simple moving average (SMA) recently turned negative and crossed below the 100-day SMA. Prices are now stalling at both. That may suggest its longer-term is weakening.
LOW also ended last week below its 8-day exponential moving average. That may suggest its short-term is weakening.
Next, stochastics are dipping from an overbought condition.
Finally, President Trump’s tariffs on Mexico and Canada may impact the home-improvement chain.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
EURUSD Hits Support Zone—Is a Bullish Reversal Coming!!!As I expected , the EURUSD ( FX:EURUSD ) fell to the target I set yesterday.
EURUSD is moving near Support zone($1.039-$1.033) and 100_SMA(4-hour) .
According to the theory of Elliott waves , it seems that the EURUSD has succeeded in completing the corrective Zigzag(ABC/5-3-5) , and we should wait for the EURUSD to rise again. One of the signs of completion can be a Bullish Engulfing Candlestick Pattern with a suitable volume .
I expect EURUSD to rise to Resistance zone($1.0534-$1.0448) after breaking the Resistance lines .
Note: If EURUSD goes below $1.0333, we can expect more dumps .
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Why I Think USDJPY Will Buy This Week...Technical AnalysisHey Rich Friends,
This is a technical analysis of USDJPY. I encourage you to check the news and cross-reference your own charts and indicators before taking any trades.
I think USDJPY will be buying this week, and here is what I am looking at:
- The candles have started to cross and close above the 200 EMA. When candles are above an EMA, it tends to act as an area of support and confirm a buying trend. You can and should backtest this.
- The STOCH is facing up, the fast line (blue) is above the slow line (orange) and both lines have crossed above 80%. This is a strong bullish confirmation for me.
- I have a few potential TPs and buy stops set at previous highs in case the market does continue to push up, my SL will be a previous low.
If this makes sense or you agree, let me know down below in the comments.
Peace and Profits,
Cha