NIO Inc Falls Hard! All Targets Hit in 15-Minute Short TradeTechnical Analysis: NIO Inc – 15-Minute Timeframe (Short Trade)
NIO Inc presented a strong short trade opportunity, with an entry at 6.76. The price has reached all profit targets, confirming the strength of the bearish trend.
Key Levels
Entry: 6.76 – The short trade was initiated at this level after a clear bearish signal.
Stop-Loss (SL): 6.83 – Positioned above resistance to guard against potential reversals.
Take Profit 1 (TP1): 6.68 – The first target was reached, confirming the initial bearish momentum.
Take Profit 2 (TP2): 6.54 – Continued downside pressure pushed the price to this level.
Take Profit 3 (TP3): 6.41 – The bearish momentum carried the price to this target.
Take Profit 4 (TP4): 6.32 – The final profit target, marking a successful and complete trade.
Trend Analysis
The price remained well below the Risological Dotted trendline, affirming the strength of the bearish trend. The steady selling pressure helped achieve all targets, indicating strong downward momentum in favor of sellers.
The short trade on NIO Inc has concluded successfully, hitting all targets, with the final target at 6.32. The clear downtrend and guidance from the Risological Dotted trendline ensured a profitable trade.
Nysestocks
Teradata (TDC) potential Buy setupReasons for bullish bias:
- Harmonic Bullish BAT pattern formation
- Price is at strong weekly support
- Double bottoms
- Safe entry at neckline breakout
- Bullish divergence
- Positive earnings
Here are the recommended trading levels:
Entry Level(Buy Stop): 35.38
Stop Loss Level: 30.89
Take Profit Level 1: 39.87
Take Profit Level 2: 47.53
Take Profit Level 3: Open
Schlumberger's Stellar Performance in 2023: Key Highlights
Schlumberger Limited (NYSE: NYSE:SLB ), a world-renowned oilfield services provider, has concluded a remarkable year, surpassing analysts' estimates for quarterly profit and showcasing robust growth in its international business. Despite geopolitical uncertainties and regional tensions, NYSE:SLB 's CEO, Olivier Le Peuch, remains optimistic about the company's future prospects. Let's delve into the key highlights of SLB's impressive fourth-quarter and full-year performance.
Global Expansion and International Growth:
Schlumberger's success in recent years can be attributed to the rising demand for its oilfield services and equipment, particularly in international markets. The company has experienced substantial growth in regions such as the Middle East, Angola, and Central and East Africa, driven by increased oil exploration and production activities.
In the face of geopolitical challenges, including the conflict in Gaza and attacks on ships in the Red Sea, NYSE:SLB has demonstrated resilience. The company reassures investors that it does not anticipate a significant impact on its Middle East business, emphasizing its commitment to sustained growth in the region.
Record Investment Levels and Geographic Opportunities:
NYSE:SLB anticipates record investment levels in the Middle East extending beyond 2025, underlining the company's strategic focus on this vital market. Additionally, opportunities for continued offshore activity are identified in key regions such as Brazil, West Africa, the Eastern Mediterranean, the Middle East, and Southeast Asia. Le Peuch's optimistic outlook positions Schlumberger as a global leader with a proactive approach to capitalizing on emerging opportunities.
Financial Highlights:
Schlumberger reported robust financials for the fourth quarter and the full year of 2023. Quarterly revenue increased by 8% sequentially and 14% year on year, reaching $8.99 billion. Full-year revenue showed a remarkable 18% year-on-year growth, totaling $33.14 billion. Notably, the acquisition of a subsea equipment business contributed significantly to the quarter's sequential revenue gain.
The company's CEO highlighted the impressive growth in earnings per share (EPS), excluding charges and credits, which increased by 10% sequentially and 21% year on year, reaching $0.86 in the fourth quarter. Adjusted EBITDA margins also achieved another cycle high, showcasing the company's operational efficiency.
Strategic Moves and Shareholder Returns:
In a move that demonstrates confidence in its financial position, Schlumberger announced a 10% increase in its quarterly cash dividend, now standing at $0.275 per share. The company also plans to boost share repurchases in 2024, signaling its commitment to delivering value to shareholders.
Conclusion:
Schlumberger's exceptional performance in 2023 solidifies its position as a resilient and forward-thinking player in the oilfield services sector. Despite challenges in the global landscape, the company's strategic initiatives, robust financial results, and optimistic outlook on key markets position it for continued success in the years to come.
Green Energy Investments Propel MGM Resorts (NYSE: MGM)MGM Resorts Riding the Bullish Wave
MGM Resorts (MGM) is currently riding a bullish wave on the New York Stock Exchange (NYSE). The company's stock has surged in response to strategic moves towards sustainable practices and green energy investments. This shift has resonated with investors seeking environmentally conscious opportunities, propelling MGM to the forefront of ESG (Environmental, Social, and Governance) trends. Additionally, strong financial performance and the reopening of resorts and casinos post-pandemic have contributed to this bullish trend. Technical indicators, such as the Relative Strength Index (RSI) and Simple Moving Averages (SMA), confirm the upward momentum, suggesting that MGM's positive trajectory may continue in the near term.
TESLA next bull run analysis you have to see.Telsa after long bearish trend pushing prices with higher high and higher low patterns indicating a near bull run scenario to be take place.
the convergence from point 2 to point 5 can act as bullish reversal and can push price to 1k USD or even more upside probably making tesla a multi bagger stock.
As fundamentals are strong and TA giving green signal you can invest in a SIP manner or one can start invest for long term once the raising wedge correction is finished .
best price for entries are from 200 ranges.
Thank you.
PBF Energy Inc Triangle BreakoutThe idea here is about PBF Energy Inc:
PBF Energy, Inc. engages in the operation of a petroleum refiner and supplies unbranded transportation fuels, heating oil; petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the following segments: Refining and Logistics. The Refining segment refines crude oil and other feed stocks into petroleum products. The Logistics segment owns, leases, operates, develops, and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and logistics assets.
My view is bullish (Swing trade) for the below observed technical factors.
Points as per TA on a weekly & daily Chart:
1.Contracting or Symmetrical Triangle breakout on a weekly & daily chart at the time of publishing as per below:
2. Double Bottom formation under process at the time of publishing as per below:
3. Bearish Navarro 200 harmonic pattern CD leg in progress at the time of publishing as per below:
4. Trading way above 20 & 200 EMA on a weekly & daily chart.
5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on weekly chart is Strong for an upward momentum at the time of publishing. However, Kumo twist on daily chart is weak & kumo breakout and kumo twist is neutral on monthly chart at the time of publishing.
6. RSI is at 58.59 on a weekly Chart and 61.02 on daily chart at the time of publishing.
7. MACD above signal line on daily chart & below signal line and converging on a weekly chart.
8. Hull Moving average is sell on daily & monthly and other moving averages are strong buy. However, weekly Hull Moving average & other moving averages on monthly chart is a strong buy.
9. ADX (Average directional index ) trend strength is at 14.37 on a weekly and 24.83 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) Projected Target: provided in the chart as per double bottom & Bearish Deep Crab harmonic pattern. Trend is flat at the time of publishing.
Target: Provided in chart for double bottom & bearish Navarro 200.
Stop Loss: Provided in the chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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AAPL - Elliottwave analysis - ABC zigzag set upAAPL - The price action is in complex correction. The rise was impulse wave A up means the corrective choppy B wave drop would be good buy opportunity for C wave up. Stay bullish near 113.30 -111.70 zone with stop level below 107.30 for target above 125 level as in simple ABC zigzag cycle. The drop may take 2-5 days to complete the B wave. There is a possibility of A wave extension also. So let's see how the price moves next.
Give thumbs up if you really like the trade idea.