Agape ATP Corporation (NASDAQ: ATPC) Q3 Results AnalysisAgape ATP Corporation (NASDAQ: ATPC) is progressing through a strategic gestation period, investing in key areas to drive long-term growth. While Q3 2024 saw a slightly higher net loss compared with Q3 2023, these numbers reflect ATPC’s commitment to building its foundation for sustainable growth.
Revenue reached $331,289 for the quarter and $962,971 for the nine months, slightly down year-over-year, as the company realigns its product offerings and marketing strategies to capture new market segments.
A significant contributor to ATPC’s current resilience is its complementary health therapies sector, which showed a revenue increase to $227,249 for the quarter and $688,415 for the year-to-date, reflecting demand for health services that align with wellness trends.
To further diversify, ATPC’s new venture in renewable energy—spearheaded by ATPC Green Energy Sdn. Bhd. (AGE)—positions the company within a high-potential sector committed to environmental sustainability.
Despite the current challenges in its network marketing segment, ATPC’s focus on refining this channel and expanding its product range indicates a proactive approach to overcoming temporary setbacks.
As ATPC completes this foundational phase, its broadening scope in wellness and green energy promises a strengthened and more versatile position in the market, setting the stage for a promising trajectory.
Nasdaq
Nasdaq 100 Consolidates Near Record High: Is a 22,000 Target NexThe U.S. presidential election has sparked optimism also in the stock market, with the technology index rising by 1,000 points.
Following this new all-time high, the Nasdaq 100 ( PEPPERSTONE:NAS100 ) is now consolidating just below that level.
This consolidation is taking the shape of a flag pattern, which could signal potential for further upward movement.
A breakout to the upside would confirm this pattern and could set the stage for additional gains, with a target of 22,000 points.
BTC BEARISHCorrection from yesterday : BTC is clearly going down for now ;
as it is not a real asset indexed on some real currency (even though it is really strong of course), it does not follow the same logical paths as gold and nasdaq, so it is really tough to know;
bears are starting to take over for BTC, and it might be the beginning of a slow fall for bitcoin.
US100/NASDAQ STILL GOING UPThe white lines are yesterday's projections, which are a little late ;
the setup is still valid and a little late but will make NASDAQ rise once again ;
more precisely this time, we put together a possible route for this, stopping and reversing at KL and previous HH and LL.
XAUUSD FAKE BULLSAs Gold started an impressive bearish era, losing more than 200 points against all odds, now seems like a good time for it to calm down ;
Gold going down, as well as VIX in some way, shows that the economy is getting better, Gold only rises when the world falls apart (war, inflation, pandemics).
So with such a great leader it seems obvious that now gold is to come back to normal levels, and should not rise again, at least not so sharp, but for how long ?
NASDAQ 2/3 to targetI've been tracking this CME_MINI:NQ1! cup and handle since the handle broke out last year. We are now 2/3 of the way to target and with the Trump pump seems ever more likely it reaches target. I still believe there are some nasty times ahead sometime after the 10Y3M fully uninverts, but in the meantime I'm looking up. 25,000 is the big target for the nasdaq.
BTC NEXT MOVEMissed a pretty good trade by not so much tonight, this is tough.
Not displayed here but we went with Fibonacci tools for this one, using different colours and methods.
This new HH today puts a big step towards the 100K rally, which will however not be completed right now but at least in 2025.
NASDAQ: Channel Up intact. Targeting 22,000.Nasdaq is on excellent bullish technical levels on the 1D timeframe (RSI = 65.968, MACD = 283.550, ADX = 47.440) as it is rising on the new bullih wave of the August Channel Up. The bullish wave confirmed the strong buying pressure as the 1D MA50 held and kickstarted it after a Bullish Cross on the 1D MACD. Based on the previous bullish wave in September, we are currently in the middle of a +10.90% wave. We are targeting its full length (TP = 22,000).
See how our prior idea has worked out:
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Shopify (SHOP): Continuing Sell-Off!Shopify (SHOP): NYSE:SHOP
We've reintegrated Shopify into our portfolio after a lengthy period without analysis, believing we've witnessed the conclusion of a Wave 5, thereby completing this cycle (1). Consequently, we are now in Wave (2), anticipated to be a three-part correction downwards. Our target retracement ranges between 50% and 78.6%, equating to $57.60 and $38.24, respectively. The subordinate Wave 4 at $45.50 represents a critical level for Shopify, potentially marking a turning point. As long as we don't surpass the Wave 5 peak of $85.50, we don't foresee an upward continuation.
Should we form Wave A, an Expanded Flat exceeding Wave 5 but not surpassing 138%, might be observed. If this threshold is breached, our current scenario would need revision, possibly interpreting the subordinate Wave 4 at $45.50 as our Wave (2), indicating we're in Wave (3). Unless this scenario unfolds, we maintain the view that we're in a downtrend, awaiting a significant Wave 2 correction. However, falling below 78.6% would likely lead to a sharp decline towards $23.64.
Nasdaq Intraday Review - Tuesday 12 Nov 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - None, CPI on Wednesday
News - None
Directional bias - I stick with a BUY as I view the red candles on the bigger TF as a retracement rather than a change of market sentiment. I would need a bit more price action evidence to be convinced that we are in a bear market....up until then, I continue to look for buys in what I see as a bull market.
Morning analysis:
M TF - very bullish, candle is 11'000 pips strong at time of writing (Tuesday morning). Still 17 days to go until candle close but definitely indicative of strong bull sentiment overall
W TF - week candle has turned red (at time of writing on Tuesday morning), indicating that price is in an area where bears have stepped into play. Need to be careful and need good confirmation for entering a buy, as bears may still push for a further retracement. Time to whip out sell fibs on the smaller time frames and start analysing those too to understand if price is respecting these sell levels and sell TP points. This does not mean I waiver from my directional bias as a buy, but it helps me set buy TP's (possibly at strong sell fib levels) and understand bearish price action.
D TF - D TF shows price stalling at this zone. We have a doji candle from Friday and a red (colour change) candle from Monday. If bears do push for a lager TF retracement, then it can be expected that price will move down significantly, as the D and W 0.382 fib level is 3'800 pips down.
4H TF - price seems be to struggling to break the 0.50 sell fib level (4H candles are failing to close above this level at C, D, E and F on the chart). Long wick candles are forming with wicks sticking out the top, indicating that bulls are trying to push higher but bears are successfully pushing back down at the 0.50 SELL fib level and the 0.618 SELL fib level. Looking at the line chart, a head and shoulders pattern is forming, with a neckline slanted upwards (indicated in blue lines). If bears break this neckline downwards, the price could move down and test the 4H EMA. The blue vertical line represents the distance that price would most probably move down if the neckline is broken (price usually moves the same distance as the height of the market pattern). Buy fib in the morning was drawn from swing low at A. to swing high at B.
1H - Monday and Tuesday's pivot points are close to each other. This indicates that price is in a strong area of S&R. It remains to be seen if this zone will act as a support for a push up, or resistance for a push down.
As the morning progressed, a falling wedge started forming on the 1H TF, as marked by the torquoise lines.
Falling wedge pattern usually breaks upward, but can break in either direction.
Due to strong bearish presence, I decided to only enter if the 1H TF gave a signal. 1H TF is pretty strong on Nasdaq and I would manage my risk this way.
Entered a buy at the hand icon - Confirmations:
1. Trend - a buy is in the same direction as the overall trend. I prefer trading with the trend as “the trend is your friend”.
2. S&R - price broke the pivot point + EMA with a good momentum candle.
3. Market pattern - a falling wedge pattern had formed which broke upwards. The temporary downtrend line (the top line of the falling wedge was broken) indicating that the temp downtrend was over.
4. Fib - price was respecting the 4H BUY 0.382 fib level (written in purple) and price finally broke the 0.50 SELL fib level
For me all of this was strong confirmation that buyers had stepped in and that price was ready to move up.
Mental SL placed below the lowest candle wick below the falling wedge, as indicated by the pink line.
Unfortunately for me, price moved straight back down and I closed in my stop loss area when candles started closing below my pink line.
Took a loss of 568 pips. Not too bad pip wise, but because I felt the confirmations were solid, I entered with a full position size.
After that I was out for the day, as I "felt" (intuition that comes with LOTS of screen time) Nas wasn't moving as it normally does.
What could I have done differently?
Some part of me puts this loss to variance i.e. sometimes price will do what it wants and move against you no matter how good confirmations were.
But another part of me recognises that the green candle I entered on (at the hand icon), closed at exactly the same price point as the green candle under B.
From B. you can see that price moved down significantly from this point. So I basically entered a buy at resistance. I should have waited for the next 5min or 15min candle close to be sure that the resistance would not push price back down again (which is exactly what happened).
I won't be trading CPI, I feel that in high impact news, I am not able to stack the odds in my favour.
So hope you did better than me, good luck with CPI and catch you tomorrow! :)
P.S. #NasdaqNerd - don't you think its so cool how price really did move down to the profit target (end of blue vertical line)! It happens so regularly that price respects market pattern profit targets so perfectly :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
NASDAQ Outlook: Critical Levels to Confirm Bullish or BearishTechnically:
The price dropped from their ATH as we anticipated yesterday,
Today should break 21070 by closing 4h candle under it, to be bearish till 20790
Otherwise closing 4h or 1h candle above 21260 will be bullish toward 21350 and 21580
Key Levels:
Pivot Point: 21070
Resistance Levels: 21260, 21350, 21490
Support Levels: 20900, 20790, 20700
Trend:
- Bullish above 21260
- Bearish Below 21070
- Consolidation between 21070 - 21260
Nasdaq Insights: 13-NOV-2024Good morning! Join me for today's Nasdaq market analysis. Share your charts, ask questions, and let's discuss trading strategies.
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SHOPIFY (SHOP) Explosive Breakout Rally with Earnings Boost!The Shopify (SHOP) weekly timeframe chart showcases a massive breakout, driven by exceptional Q3 earnings performance. The stock has successfully hit Target 2 (TP2 at $109.30), with the remaining targets TP3 ($132.50) and TP4 ($146.84) in sight.
SHOPIFY (SHOP) Stock Key Technical Highlights:
Clear Entry at $71.76 : The bullish momentum initiated a long trade setup, confirmed by the breakout above critical levels.
Earnings Power-Up : Shopify's Q3 revenue surged 26% year-over-year, reaching $2.16 billion, and net income hit $828 million. This exceptional growth propelled the stock price up 22% to $109.81 post-earnings release, further cementing the breakout rally.
Dynamic Moving Averages : The RISOLOGICAL Lines (all GREEN lines) beautifully supports the rally, reflecting strong upward momentum.
SHOPIFY Trade Analysis:
Risk-Reward Balance: The stop-loss (SL) placed at $60.16 offers an optimized risk management strategy.
Profit Potential: With TP2 already achieved, the path toward TP3 ($132.50) and TP4 ($146.84) looks promising, driven by positive market sentiment and strong fundamentals.
Final Words:
Shopify's post-earnings rally demonstrates a perfect confluence of technical and fundamental strength.
Keep a close eye on volume and momentum as the next targets approach!
MAGS - Roundhill Magnificent Seven ETF is FLYING! UPDATE!I told you over a month ago IT WAS TIME TO BUY! Did you take me seriously? How about now?
Watch the detailed forecast I posted for viewers Oct 2, 2024.
"May profits be upon" is not just a greeting. I'm trying to support your trading journey to consistent profits.
Please leave a comment, and let me know if you found a benefit in this forecast.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NAS100 Market Update: Key Levels and ProjectionsThe Nasdaq 100 (NAS100) is continuing its bullish run but is approaching critical resistance areas where a correction may occur. Here's a quick overview of key levels:
Strong Sell Zone: 22,233 - 21,052
Expect potential pullback as the index nears this resistance. This zone is likely to trigger a price correction, offering short-term selling opportunities.
Strong Buy Zone: Below 18,297
This major support level offers a favorable buying opportunity if the market pulls back. Buyers are expected to step in aggressively here, supporting the next bullish move.
Current Price: 20,338.7
NAS100 is approaching resistance after breaking above 19,600 support. Continued upward momentum is likely, but a correction could follow once resistance is tested.
Support and Resistance Levels:
Resistance: 22,233 - 21,052 (Strong Sell Zone), 20,800 - 20,600 (minor).
Support: 19,600 - 19,400, 18,800 - 18,600, 18,297 (Strong Buy Zone).
Outlook
A pullback is expected near 22,233, with support at 18,297 as a key level for the next bullish phase.
Share your thoughts in the comments, and don’t forget to boost this post if you agree with my analysis.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please do your own research before making any trading decisions.
Trading Idea: BloomZ Inc. (NASDAQ: BLMZ) | 12 November 2024Animation audio specialist BLMZ has recently showed a consolidation trend with a diminishing selling pressure (as indicated by volume). We see this as a potential start of a trend reversal, on the basis where BLMZ is able to sustain above its current key support level of $0.760. Regardless, we see this as a low risk trade as this support has been tested over multiple times in the past weeks, and we think this is a good chance for traders with zero position.
We rate "Trading BUY" for BLMZ based on the current junction.
Nasdaq Intraday Review - Monday 11 Nov 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - None, today is Veterans Day, market may be slow
News - None
Directional bias - BUY. The strong upsurge in the stock markets are a clear indication that the markets view the US election results favourably. Bulls have stepped in with both volume and momentum.
Morning analysis:
M TF - very bullish, candle is 13'000 pips strong at time of writing. Still 18 days to go till candle close but definitely indicative of strong bull sentiment
W TF - Finally the W candle managed to close above the strong weekly resistance at 20'363.
D TF - Friday's candle closed as a doji candle, could be an indication that price is stalling and a bigger price retracement is in the works. D TF and W TF fib levels are aligned, this will make this fib levels very strong. Huge gap up of +- 600 pips noted.
As the morning progressed, the 4H fib moved and finally settles on swing low at A. and swing high at B.
Identified an area of interest / confluence (highlighted in green), where pivot point and 4H 0.618 fib are in the same zone
Price should at least bounce from here, enough for me to secure my position at entry.
As the morning progressed, price moved down rapidly to my interest zone. Once price reached this green highlighted area, I start to keep an eye on the 5min TF because this is an area of high probability of price movement and with Nasdaq being so volatile, this TF can give signals at these high interest zones.
Entered a buy at the hand icon - Confirmations:
1. Trend - a buy is in the same direction as the overall trend. I prefer trading with the trend as “the trend is your friend”.
2. S&R - the daily pivot point represents an objective and strong support & resistance zone which Nasdaq often respects.
3. Market pattern - a DB formed on the 5min and broke the neckline up, indicating that buyers are over-powering the sellers at this zone
4. Fib - 4H 0.618 fib level was in this zone
Mental SL placed below the lowest candle close of the first bottom of the DB on the 5min TF (marked with think pink line).
Market moved up enough for me to secure my trade (I usually secure my trades once price is 250 pips or more from my entry).
But then unfortunately moved back down and took me out at entry!
Today represented a big retracement.
In my trading style I don’t like to trade against the overall trend (I don’t trade retracements), so I would never have taken a sell.
But hope you got the sell, you would have coined it today! ;)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
NASDAQ Extremely bullish for the next 30 days.Nasdaq (NDX) is extending a very aggressive post-election rally that is coming after a clear technical hold on the 1D MA50 (blue trend-line). This is just a short-term movement inside a (blue) Channel Up that emerged after the index rebounded on the 1D MA200 (orange trend-line), which in turn is the Bullish Leg of the 2-year Channel Up pattern.
As you can see, the price action is so far very similar to the Channel's previous Bullish Leg that also started on a 1D MA200 hold (October 26 2023). Based on the 1D MACD's Bullish Cross and the 1D RSI bullish reversal, we are in symmetrical terms on a situation similar to January 23 2024, with the price above the 0.618 Fibonacci retracement level.
We still expect a similar +30% rise from the last bottom (August 05) to be completed, so our 22000 medium-term Target is intact.
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