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NVIDIA Q3 earnings exceed expectations, but stock price falls Nvidia's third-quarter earnings surpassed market expectations. The EPS stood at 81 cents, notably higher than the market consensus of 75 cents. Total sales reached almost $35 billion, exceeding the forecast of $33 billion. This impressive performance was highlighted by a remarkable 94% increase in total sales compared to last year's period, alongside a robust 106% surge in net profit. Despite delivering a solid third-quarter performance, Nvidia's stock price took a hit. This drop occurred as the company's fourth-quarter sales guidance fell short of Wall Street's elevated expectations. The market had projected Nvidia's fourth-quarter sales to reach $37.5 billion, but the company revealed that it would instead be at $37.1 billion. NVDA has fallen slightly since the earnings announcement and remains around 146.00. However, the price still remains within the ascending channel, indicating momentum. If NVDA sustains an uptrend within the channel, the price may gain upward momentum toward the 150.00 high. Conversely, if NVDA breaks below the channel’s lower bound, the price may fall further to 138.30.
NASDAQ:NVDA
by inkicho_exness
2
NVDA Predictive Modeling Outlook : Pre Earnings 11-20-24I thought I would have a little fun with my ADL Predictive Modeling system. This shows the Daily & Weekly predictive results for NVDA prior to the earnings data release. Have fun. This is really just to show you how the ADL system works and to test the outcome related to NVDA's earnings/outcome. Get some.. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NASDAQ:NVDAShort
by BradMatheny
PAIN REFORM Breakout Trade in Action!PAIN REFORM Trade Details: A breakout in Pain Reform on the daily timeframe offers a promising long trade setup using the Risological swing trading indicator . Entry levels have been clearly identified, and the stock shows strong bullish momentum as it heads towards its profit targets. Key Levels: Entry: 1.32 Stop Loss (SL): 0.88 Take Profit Targets: TP1: 1.88 TP2: 2.77 TP3: 3.66 TP4: 4.21 PAIN REFORM Analysis: The chart signals a strong trend reversal, with the breakout confirming bullish sentiment. The risk-to-reward ratio appears favorable for this trade setup, and the stock is poised for further gains as it moves towards higher targets. Outlook: Monitor closely for momentum follow-through. With a robust breakout, the targets look achievable given sustained market interest and volume spikes. Stay disciplined with stops to lock in profits!
NASDAQ:PRFXLong
by ProfitsNinja
Aclaris Rockets 300%, Smashes Targets!ACRIS (1D TF): Targets Smashed with 300% Gains! Trade Details: The long trade setup on the daily timeframe has exceeded expectations, blasting past all profit targets using the Risological Trading Indicator . The stock has delivered an impressive 300% gain, outperforming initial forecasts. Key Levels: Entry: 1.20 Stop Loss (SL): 1.16 Take Profit Targets: TP1: 1.25 ✅ TP2: 1.32 ✅ TP3: 1.40 ✅ TP4: 1.45 ✅ Analysis: This massive rally showcases strong bullish momentum, driven by high market interest. With such a breakout, Aclaris demonstrates its potential as a high-performing asset. Outlook: Momentum traders can consider monitoring for retracements or further bullish setups. A stellar move like this reinforces the power of spotting trends early!
NASDAQ:ACRSLong
by ProfitsNinja
The Rally May Run Out of SteamFundamental Background According to CNBC, analysts at Morgan Stanley have conducted a study on how the tariff plans announced by Donald Trump during his campaign might affect the U.S. economy and the stock market. Among the initiatives of the president-elect: Implementing a general tariff of 10% to 20% on all imported goods; Introducing additional tariffs of 60% to 100% on goods imported from China. According to Seth Carpenter, the chief global economist at Morgan Stanley, such plans: May eliminate the possibility of interest rate cuts in 2025 and also limit economic growth; Threaten to reduce U.S. economic growth by 2026; Will lead to increased inflation; Will put pressure on the automotive industry, consumer electronics, machinery, construction, and retail sectors. It is expected that the costs to manufacturers will be passed on to consumers. Consequently, this implies a negative outlook for the U.S. stock market as there is a high likelihood that the tariffs will reduce investment attractiveness and increase the cost of borrowing for companies, negatively impacting the stock market. Technical Analysis In 2024, the price formed a broad ascending channel (shown in blue); Throughout October, the price was "magnetized" to the median line and formed a narrower channel between the Resistance and Support lines; Against the backdrop of the presidential elections, the price surged to a peak on November 11th, but then returned to the median line. The line around 20,941 level briefly acted as support, but the price failed to sustain above it. Could the bears' attempt to break away from the median line's pull be more successful? Cyclical Analysis Cyclical Chart Predicts a Decline in the Nasdaq Index Conclusions While the chart currently shows no clear signs of bearish activity, the facts presented above suggest that the vigorous bull market observed throughout 2024 may run out of steam.
NASDAQ:NDX
by fintechzoom
What's Happening With Nasdaq100So as y'all know nasdaq had a big correction this year and in the same year a new ath (all time high). However, her structures are very chaotic hence the back n' forth compared to previous years. She’s struggling at the 11th if july previous resistance and if broken then we up if not, the fall to balance things might just be a possibility. There's a trendline channel she's still in and it has been tested a lot. A 20800-850 break is all we need. new maintained support at: 20316. What's your take?
OANDA:NAS100USD
by lazyluchi
Amazon: Riding the E-Commerce and Cloud WaveAmazon is currently showing promising signs as it forms the right side of its base, presenting an excellent setup for long-term investors. With strong revenue streams from e-commerce and Amazon Web Services (AWS), the company remains a dominant force in multiple sectors. This diverse business model positions Amazon for sustained growth, even amid market fluctuations. Technical Overview: Recent price action shows Amazon bouncing off a strong support level around $182.38 , with its 21-day EMA acting as a key indicator of momentum. As it approaches the $200 mark, investors should keep a close eye on these critical levels. Profit Target: Initial target at $201.20 , with further potential upside to $210 if momentum continues. Stop Loss: Set just below the $182.38 support level to manage risk. Indicator Insights: Using tools like the MTF Squeeze Analyzer - and MTF SqzMom , we notice a squeeze firing on multiple lower timeframes, signaling that volatility is likely to increase. The 4Hour and Weekly timeframe shows a build-up in momentum, suggesting that this could propel Amazon toward the $200+ range. Monitoring these momentum shifts provides an edge in timing entry and exit points for the trade. Momentum and Market Overview: With the Larry Williams Valuation Index Indicator, we observe steady momentum on both the daily and weekly charts, supporting a positive outlook. The readings show consistent strength in Amazon’s price action. Notably, the stock has not yet reached its overvalued level , signaling a fair entry point for buyers. This provides confidence that Amazon is trading within a favorable range, with the market continuing to support buying interest. Additionally, the general market is in an uptrend, as confirmed by the IBD Market School , with 100% exposure currently active and the Power Trend ON . This signals a favorable environment for growth stocks like Amazon. Final Thoughts: This trade idea leverages both fundamental strength and technical precision, supported by our indicators available in the TradeVizion toolset. By combining a clear understanding of Amazon’s market dominance with insights from these smart tools, this setup offers a well-rounded opportunity for both short-term gains and long-term growth. Feel free to explore our scripts, designed to enhance your market understanding without overwhelming you with unnecessary complexity. Whether you’re trading breakouts or managing risk, having the right tools in your corner can make all the difference.
NASDAQ:AMZNLong
by TradeVizion
USTEC rose after avoiding Lutnick as a Treasury Secretary The Nasdaq index has surged, fueled by solid expectations surrounding Nvidia's Q3 earnings and the alleviation of uncertainty following the appointment of the new Treasury Secretary. Investors are breathing a sigh of relief as Howard Lutnick, a staunch supporter of Trump's tariff policies, has been nominated for Commerce Secretary rather than Treasury Secretary. In contrast, Kevin Warsh, who is running for Treasury Secretary, has openly criticized protectionist measures such as tariffs. This shift has heightened expectations that some economic issues stemming from Trump’s tariff policies will be mitigated. Furthermore, Wall Street consistently raises Nvidia's target stock price. Investors anticipate that Nvidia's Q3 earnings will surpass market consensus, and Wall Street confidently anticipates that the Q4 guidance will also exceed expectations. USTEC briefly tested the support at 20300 and rebounded to 20770. The index sustains upward momentum, holding above the trend line. If USTEC sustains its upward trend above the resistance at 20700, the index could gain upward momentum toward the 21250 high. Conversely, if USTEC fails to hold above the trend line and 20300, the index may fall further to 19950.
NASDAQ:NDX
by inkicho_exness
Nasdaq Intraday Review - Tuesday 19 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 News - None. Tomorrow is Nvidia Earnings release Directional bias - BUY (read yesterday's post entitled "Nasdaq Intraday Review - Monday 18 Nov 2024" for more insight into today's directional bias and swing trade entry) Yesterday I opened a swing trade at the B. hand icon. My mental stop was placed at the thick pink line. Wow....what a day, what a draw down! But held throughout and I am now 1'300 pips in the profit with a big position and secured at entry i.e. trading risk free. Here's the reasoning for holding and also where I would have entered today if I had not had a swing trade going: Holding swing trade: As is evident from the 1H chart, a huge red candle closed below my mental stop. In normal trading i.e. day trading I would have closed my trade. But in this instance I entered a swing trade based on the 4H TF. On normal day trading days, I enter on much lower TF and judge how candles close against my mental SL on much lower TFs. As a rule, if candles start closing below my mental stop, I would close. But over the years I have also learnt that the time frame you enter on, is the TF you should judge if you want to close your trade. In other words, if I enter on a 4H TF, then in theory I should only close my trade if 4H candles start closing below my mental stop. This is very hard (especially because Nasdaq that can spike thousands of pips at a time). But over the years, as I have grown my account and gained experience, I have been able to hold fast on this observation. And so, as can be seen on the 4H TF, a 4H candle did not close at my mental stop. This draw down had me sweating bullets and if I had my position sizing wrong I could easily have bust my account on a 2'700 pip drawn down (esp because I trade with a 500 leverage). I was also nearly in panic mode because the news is full of stories regarding the Ukraine Russia War escalation. So I am pleased that I held my cool, stuck with my trade plan and didn't panic close my position at a massive loss. Whether it was luck or truly my past "observation", I thank my lucky stars that price ultimately went my way. Entry point for today: I did not add another position today because my exposure was already at the max. But if I hadn't had my swing trade going, I would have entered on the 1H TF at the smiley icon (because the move down was really strong, so I would have looked for confirmation on a higher TF) Also the 1H DB formed on the strong Weekly support. Now we need to see if price can break through the strong sell fib levels and I am hoping Nvidia earnings will help with that. Hope you had a good trading day! Over and out! P.S. Note how price exactly respected the market pattern profit target theory market at C. (i.e. that price will move the same distance as the height of the market pattern, once the market pattern in broken). Price formed a rising wedge on the 4H TF and then broke downwards and moved the exact distance down as the height of the market pattern. Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
NASDAQ: SBC, Empowering the Growth of Aesthetic MedicalSBC Medical Group Holdings (NASDAQ: SBC) is making waves in the aesthetic medicine industry with its dynamic growth strategy and robust franchise model. Analysts at Zacks have set a target price of $15.40, reflecting confidence in SBC's ability to scale its operations and expand internationally. With a current share price of $6.80 (as of November 2024), the company presents a compelling case for investors seeking growth in an underpenetrated market. Dominance in Japan’s Growing Market SBC operates the largest network of franchised clinics in Japan, with 220 locations under various brands, capturing an estimated 31% market share. Despite its leadership, the Japanese aesthetic medicine market remains relatively untapped, with just 10% penetration. The company treated 3.9 million patients in 2023, a 26% increase from 2021, highlighting the growing demand driven by social media and demographic trends. Comprehensive Solutions and Strong Financials SBC's franchisees benefit from a comprehensive suite of services, including administrative support, marketing, procurement, and technology integration. These offerings enable clinics to focus on high-quality, affordable patient care while expanding their service portfolios. The company’s financial performance reflects its growth momentum, with revenue reaching $193 million in 2023, up 10% year-over-year. A 5-year revenue CAGR of 24% underscores the scalability of its model, supported by a strong EBITDA margin of 42.5% and a robust cash position of $103.7 million. Global Expansion Strategy SBC’s international operations in Vietnam and California signal the early stages of a broader global strategy. The clinics cater to rising demand for popular treatments like liposuction and eyelid surgery, aligning with global trends in non-invasive and surgical procedures. With the global aesthetic medicine market projected to grow from $59.8 billion in 2024 to $81.7 billion by 2032, SBC is well-positioned to capture a significant share. Outlook and Investor Potential The $15.40 target price reflects optimism about SBC’s continued network expansion and revenue growth. While challenges like foreign exchange risks and competitive pressures persist, the company’s innovative approach and financial discipline mitigate these risks. SBC Medical Group stands out as a growth-oriented player in a burgeoning industry. With its proven franchise model and strategic vision, the company offers investors an attractive opportunity to tap into the expanding global aesthetic medicine market.
NASDAQ:SBCLong
by HASHInvests200
USNAS100 / STILL BEARISH AREA !!!Technically: The price did its retest to 20655 and dropped again. So, Now it has a bearish area as long as trades below 20550 to get 20330 the retest possibility is till 20660; then stability below that level will remain a bearish trend. Otherwise, stability above 20660 by closing 1h or 4h candle will attend a bullish trend toward 20860 Key Levels: Pivot Point: 20550 Resistance Levels: 20660, 20860, 21070 Support Levels: 20330, 20130, 19950 Trend Outlook: Bearish below 20550 and 20660 Bullish above 20660
OANDA:NAS100USDShort
by SroshMayi
NASDAQ targeting 25400 in the next 6 months. Don't miss this!!Nasdaq (NDX) hit this month our 20900 long-term Target, a level we called 3 months ago (August 12, see chart below): As you can see, the index has been trading within a 2-year Channel Up and with the use of the Fibonacci Channel levels, we can determine on which phase of the Cycle we are. Right now we are on the stage where the price has been rejected near the 0.786 Fib and pulled-back to the 0.5 Fib and the 1D MA50 (blue trend-line). This is exactly what took place from December 28 2023 to January 05 2024, i.e. during the previous Bullish Phase of the Channel. You can see that with the use of the Time Cycles, we can identify that the first such phase was on February 01 2023. This is the phase that we've just completed and remarkably all 3 within the Channel Up completed a +20.88% rise. This further proves that the symmetry within this pattern is astounding. The larger Bullish Leg was completed on the previous two phases with a +49% and +48% rise respectively, so technically it is natural to assume that the current Bullish Phase (from the August 05 2024 bottom) will be completed on a +47% rise (-1% less than previously) at least. This is why we're expecting to see 25400 as the next Higher High on a 6 month horizon. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
The Browser Underdog: Opera's Surprising Surge◉ Abstract Opera Limited (OPRA) presents a compelling investment opportunity, boasting an attractive valuation with a P/E ratio of 10.1x, significantly lower than the peer average of 66.5x. The company demonstrated strong financial performance in FY23, with 20% revenue growth reaching $396.8 million, accompanied by impressive cash flow growth of $82.8 million. Opera's debt-free status adds to its financial health. However, challenges persist, including its limited 2.4% market share in the competitive browser market, heavy dependence on browser revenue, and regulatory and technical risks. Despite these challenges, Opera's strengths and resilience, coupled with the industry's growth prospects, make it an attractive investment choice. Read full analysis here......... ◉ Introduction The internet browsing market is highly competitive, with approximately 5.3 billion monthly active users as of 2024. Google Chrome dominates the market with a 65.18% share, followed by Safari at 18.55%, Microsoft Edge at 5.26%, and Mozilla Firefox at 2.74%. The market is expected to continue growing, driven by increasing internet penetration, the proliferation of smart devices, and the demand for enhanced web experiences. Additionally, the shift towards mobile browsing, with mobile devices accounting for a significant portion of internet traffic, will further fuel this growth, leading to projected expansion and innovation in the industry. ◉ Key Growth Drivers 1. Increased Internet Penetration: Global internet user numbers are steadily rising, particularly in developing regions where access to technology is improving. 2. Mobile Device Usage: The shift towards mobile browsing is significant, with browsers like Chrome and Safari leading in mobile usage due to their integration with popular operating systems (Android and iOS) respectively. 3.Technological Advancements: Continuous improvements in browser technology, including speed enhancements, security features, and user-friendly interfaces, attract more users. 4. Focus on Privacy and Security: Growing concerns about online privacy have led to increased demand for browsers that prioritize user data protection. This trend benefits browsers like Firefox and Opera, which emphasize privacy features. 5. Integration with Ecosystems: Browsers that integrate well within their respective ecosystems (e.g., Safari with Apple devices) tend to retain users more effectively due to seamless functionality across devices. ◉ Major Players Today, our discussion will center on Opera, a niche browser vendor navigating the global internet browsing market dominated by Google Chrome and Safari. This report presents an in-depth examination of Opera's technical and fundamental metrics. ◉ Company Overview Opera Limited NASDAQ:OPRA is a Norway-based tech innovator, established in 1995. Listed on NASDAQ (OPRA), Opera boasts a global team of 500+ employees. Its diverse portfolio includes Opera Browser, Opera Mini, Opera GX, and Opera News. The company operates through four segments: Browser and Search, Advertising, AI-driven Content Discovery, and Fintech (Opera Pay). Opera's growth strategy focuses on emerging markets, AI enhancements, advertising expansion, and fintech development. ◉ Investment Advice 💡 Buy Opera Limited NASDAQ:OPRA ● Buy Range - 16.8 - 17.8 ● Sell Target - 23.5 - 24.5 ● Potential Return - 33% - 38% ● Approx Holding Period - 12-15 months ◉ Revenue Breakdown (FY23) ● Total Revenue: For the full year 2023, Opera reported total revenue of $396.83 million, up from $331.04 million in 2022, marking a 20% year-over-year growth. ● Advertising Revenue: Advertising revenue constituted approximately 59% of total revenue, amounting to around $234 million. This segment grew by 24% year-over-year, driven by the success of the Opera Ads platform and browser monetization strategies. ● Search Revenue: Search revenue accounted for about 15% of total revenue, totaling approximately $60 million, with a growth rate of 15% year-over-year. This growth is attributed to targeting users with higher monetization potential, particularly in Western markets. ● Technology Licensing and Other Revenue: This segment represents a smaller portion of the overall revenue, contributing roughly $0.1 million, reflecting the company’s ongoing efforts to monetize its technology beyond its core browser offerings . ◉ Strengths & Weaknesses The company has experienced significant growth and innovation in recent years. However, it also faces various challenges. Here’s a detailed analysis of its strengths and weaknesses: ● Strengths: 1. Innovative Features: ➖ Opera GX Gaming Browser: Tailored for gamers with CPU and RAM limiters, plus integrations with Twitch and Discord. ➖ Built-in Ad Blocker: Improves browsing speed by blocking ads and tracking cookies. ➖ Free VPN: Enhances privacy by encrypting traffic and hiding IP addresses, allowing access to region-restricted content. 2. Diverse Revenue Streams: Revenue comes from multiple sources, including advertising (about 59%) and search (around 15%), providing financial stability. 3. Financial Growth: Consistent revenue growth, reaching $397 million in 2023, with positive projections for 2024. 4. Strategic Partnerships: Collaborations with major tech companies enhance service offerings and market reach. ● Weaknesses: 1. Limited Market Share: Holds only about 2.4% of the global web browser market, significantly trailing competitors like Google Chrome. 2. Heavy Dependence on Browsers: About 82% of revenue comes from web browsers, making the company vulnerable to shifts in user preferences and market trends. 3. Regulatory Vulnerability: Risks associated with changes in affiliate marketing regulations and data protection laws could impact revenue. 4. Technical Challenges: Users report stability issues and bugs that affect overall experience. ◉ Technical Aspects ● Weekly Chart ➖ In July 2023, the stock peaked at around the 27 level but then encountered considerable selling pressure, leading to a drop towards the 10 level. ➖ Following an extensive period of consolidation, the price has recently achieved a breakthrough and is trending upwards. ● Daily Chart ➖ The daily chart reveals the formation of an Inverted Head & Shoulders pattern. ➖ After a recent breakout, the stock price is currently consolidating just above the breakout level, with expectations of future increases. ◉ Technical Indicators 1. RSI (Daily Chart) ➖ Current RSI of this stock is 66.42, which indicates the strength of buyers. 2. ADX & DI (Daily Chart) ➖ Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured. 3. MFI (Daily Chart) ➖ The current MFI is 59.04, suggesting that the stock is not in an overbought state. 4. EMA’s (Daily Chart) ➖ The stock price is currently positioned above all key EMAs, indicating robust momentum. ◉ Relative Strength ➖ The chart highlights Opera's impressive outperformance of the Nasdaq Composite index, driven by a substantial 50% annual return. ◉ Revenue and Profit Analysis ● Year-over-Year ➖ Opera Limited reported strong financial performance in fiscal year 2023, with revenue reaching $396.8 million, representing a 20% increase from $331 million in fiscal year 2022. ➖ The company's EBITDA also saw significant growth, rising 35% to $69.2 million from $51.2 million in the prior year, while the EBITDA margin expanded to 17.4% from 15.5%. ● Quarter-over-Quarter ➖ Opera Limited's quarterly performance ending September 2024 was equally impressive, with revenue climbing 12% to $123.2 million from $109.7 million in the preceding quarter and 21% from $102 million in the same quarter last year. ➖ Additionally, EBITDA increased 5% to $27.3 million, and diluted earnings per share (LTM) edged up to $1.78 from $1.75 in the previous quarter. ◉ Valuation 1. P/E Ratio ● Current P/E vs. Peer Average P/E ➖ Analyzing the P/E ratio reveals that OPRA stands at 10.1x, highlighting a substantial undervaluation when compared to the peer average of 66.5x. ● Current P/E vs. Industry Average P/E ➖ Within the US software sector, OPRA's P/E ratio of 10.1x is markedly lower than the industry average of 41.9x, signaling that it is relatively inexpensive. 2. P/B Ratio ● Current P/B vs. Peer Average P/B ➖ Examining the P/B ratio, OPRA's current figure of 1.8x falls short of the peer average of 5.5x, indicating a relative undervaluation. ● Current P/B vs. Industry Average P/B ➖ When juxtaposed with the industry average, OPRA's P/B ratio of 1.8x points to a notable undervaluation, as the industry average stands at 3.7x.3.7x. 3. PEG Ratio ➖ A PEG ratio of 0.07 implies that the stock is undervalued in relation to its anticipated earnings growth. ◉ Cash Flow Analysis ➖ In the fiscal year 2023, operational cash flow saw impressive growth, soaring to $82.8 million, a significant rise from the $56.7 million recorded in fiscal year 2022. ◉ Debt Analysis ➖ The company proudly maintains a completely debt-free status, showcasing its strong financial health. ◉ Top Shareholders ➖ Arrowstreet Capital's stake in the company stands at 1.23%, indicating a 4.9% reduction in holdings from the prior quarter. ◉ Analyst Price Target ➖ The 12-month consensus price target for Opera stands at $24.20, implying a substantial potential appreciation of 32% from current levels, presenting an attractive investment opportunity. ◉ Conclusion Opera's attractive valuation and impressive financial performance make it a compelling investment opportunity. However, the company's financial outlook is not without challenges. Market uncertainty and unforeseen events pose risks, while its e-commerce monetization efforts remain vulnerable to market volatility and competition. Additionally, Opera operates in a highly competitive browser market, where intense rivalry could impact user engagement, retention, and revenue. Despite these challenges, the industry's significant growth prospects support a positive outlook, driven by Opera's strengths and resilience, making it an attractive investment choice.
NASDAQ:OPRALong
by NaranjCapital
5
Nasdaq Intraday Review - Monday 18 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 News - None Directional bias - BUY. On the W TF, it can be seen that price finally broke through a resistance level that held strong for 6 weeks (marked by numbers). After price broke through, it is now retesting this level to see if resistance is now turned to support. This zone also represents the W and D 0.618 fib level (drawn from swing low at C. to swing high at D.) Because the Day and the Week fib levels are the same, we have a kind of TF confluence, which makes this level very strong. As the overall trend of Nasdaq is bullish, I choose to see last week as a massive retracement but not an overall trend change for Nas. Morning analysis: At this level (the W level highlighted in yellow), price is seen to start reacting to this level. There are DB forming on the 15min TF and the 30min TF. This gives me confidence that buyers are stepping in at this zone. Also, on the 4H TF we have not seen price retesting any of the higher level TF's, so a bullish move is expected to at least retest this bearish move. As the day progressed: Entered a buy at the hand icon (A.) - Confirmations: 1. Market pattern - DB formed on the 15min TF after touching the W+D 0.618 fib level. 2. S&R - DB formed right at the strong Weekly S&R level marked in yellow on the W view 3. Trend - price has finally started making higher highs and higher lows (indicating that price is ready to start moving up) and a buy is in the overall direction of Nasdaq - the trend is your friend 4. Fib - W+D 0.618 fib level touched + DB formed at 1H 0.618 fib level Mental SL placed below green highlight. Price moved up 1'200 pips and I secured my position at entry. I wanted to hold for a larger move because ultimately a DB formed on the 1H TF and the neckline was broken with a huge momentum candle. But price came back down and took me out. I re-entered at the hand icon B. for a more swing trade kind of entry, because we have a DB on the 1H and the 4H TF. Mental stop placed at the thick pink line, which is about half the height of the DB. But it's a risky entry because the stop is soooo far below where price currently is. So a SL hit woud mean a big loss. Hope you had a good trading day! :) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84