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Bank of America Wave Analysis – 7 February 2025 - Bank of America reversed from resistance level 47.80 - Likely to fall to support level 46.00 Bank of America recently reversed down from the resistance zone located between the major resistance level 47.80 (which also stopped the earlier minor impulse wave 1 at the end of last year) and the upper weekly Bollinger Band. The previous downward reversal from the resistance level 47.80 created the daily Japanese candlesticks reversal pattern Evening Star. Given the strength of the resistance level 47.80 and the bearish divergence on the daily RSI, Bank of America can be expected to fall to the next support level 46.00.
NYSE:BACShort
by FxProGlobal
Amazon Wave Analysis – 7 February 2025 - Amazon reversed from the resistance area - Likely to fall to support level 226.60 Amazon recently reversed down with the downward gap from the resistance area between the pivotal resistance level 240.00 (which has stopped the previous waves iii and i), the resistance trendline of the daily up channel from August and the upper daily Bollinger Band. The downward reversal from the resistance area started the active short-term correction ii. Given the strength of the resistance area near the resistance level 240.00 and the overbought daily Stochastic, Amazon can be expected to fall to the next support level 226.60.
NASDAQ:AMZNShort
by FxProGlobal
Dow Jones Wave Analysis – 7 February 2025 - Dow Jones reversed from the resistance level 45000.00 - Likely to fall to support level 44000.00 Dow Jones index recently reversed down from the strong resistance level 45000.00 (which has been reversing the price from November) coinciding with the upper daily Bollinger Band The downward reversal from the resistance level 45000.00 created the daily Japanese candlesticks reversal pattern Dark Cloud Cover after the index created Bearish Engulfing at the end of January. Given the strength of the resistance level 45000.00 and the overbought daily Stochastic, Dow Jones index can be expected to fall to the next support level 44000.00 (low of the previous correction (2)).
DJ:DJIShort
by FxProGlobal
META & COST are overboughtMETA & COST are overbought. With a RSI by 80 and trading above it's outer ATR band of 3x standard deviations. Once momentum fizzles out, gravity will bring META & COST back down to SMA20. So here's a straightforward trading idea. META levels: ATR 23 SMA 20 = 653 SMA50 = 623 SMA100 = 598 SMA200 = 545 COST levels: ATR 20 SMA 20 = 965 SMA50 = 963 SMA100 = 932 SMA200 = 882 META short trade idea: short 715 stop 725 profit 655 COST short trade idea: short 1060 stop 1070 profit 965 META options data: 2/21 expiry Put Volume Total 20,489 Call Volume Total 25,697 Put/Call Volume Ratio 0.80 Put Open Interest Total 105,207 Call Open Interest Total 131,858 Put/Call Open Interest Ratio 0.80 3/21 expiry Put Volume Total 8,533 Call Volume Total 19,062 Put/Call Volume Ratio 0.45 Put Open Interest Total 101,527 Call Open Interest Total 110,511 Put/Call Open Interest Ratio 0.92 4/17 expiry Put Volume Total 4,053 Call Volume Total 5,625 Put/Call Volume Ratio 0.72 Put Open Interest Total 32,737 Call Open Interest Total 53,495 Put/Call Open Interest Ratio 0.61 COST options data: 2/21 expiry Put Volume Total 4,458 Call Volume Total 5,217 Put/Call Volume Ratio 0.85 Put Open Interest Total 11,521 Call Open Interest Total 12,621 Put/Call Open Interest Ratio 0.91 3/21 expiry Put Volume Total 3,210 Call Volume Total 3,064 Put/Call Volume Ratio 1.05 Put Open Interest Total 25,964 Call Open Interest Total 22,294 Put/Call Open Interest Ratio 1.16 4/17 expiry Put Volume Total 592 Call Volume Total 1,388 Put/Call Volume Ratio 0.43 Put Open Interest Total 10,602 Call Open Interest Total 8,988 Put/Call Open Interest Ratio 1.18
NASDAQ:METAShort
by Options360
1
Up,Up and Away for NVidia. NVDAThere is a constellation of indicator crosses that add meaning to go long on this one, at least in the short run. There is a confluent cross of VZO plus offset and Ehler's Stochastic RSI. Also BB %PCT is looking to cross soon. Adding to the above, both the vWAP and US are supporting upward momentum on price, exiting OBOS area on momentum indicator, but most importantly there is a cross off the green MIDAS line. In our experience any cross of a volume/volatility line is highly, highly significant, presumable because volumes are in essence predictive. More broadly, there is a completed deep butterfly harmonic and now what appear as A wave to be also completed.
NASDAQ:NVDALong
by Rykin_Capital
RUNE/USDT – Oh man... maybe up :)?The RUNE/USDT pair has seen a significant drop recently. That was sad. Despite the decline, the MACD indicator is showing a bullish divergence, which could signal a reversal. Main support and breakout zone to further decline is at 0.94 and possible take-profit zone around 1.95. I am hoping to reach 1.95 in this, maybe next week. What will happen next? Bitcoin will tell us. Things look promising because of low activity in price action recently... something is about to happen.
Long
by yosny
JPM - Biggest bank in the US with good upside potential?Hi guys, we are taking a look into the Biggest US Bank. Recently their catch on and join forces into participating with AI gives a positive up-beat for their business additionally, JPMorgan Chase continues to solidify its position as a global leader in financial services, showcasing exceptional financial health and a promising outlook. With a well-diversified portfolio and a consistent track record of strong performance, the company is a beacon of stability and growth in the industry. The leadership at JPMorgan Chase has demonstrated an unwavering commitment to innovation and strategic planning. Their investments in cutting-edge technologies, such as AI-driven solutions and digital banking platforms, position the company to thrive in an increasingly digital economy. Moreover, their proactive approach to sustainable financing and environmental initiatives highlights a commitment to a forward-thinking and socially responsible future. What stands out most about JPMorgan Chase is its ability to adapt to evolving market dynamics while maintaining robust profitability and delivering value to shareholders. This resilience, combined with their global reach and customer-focused services, ensures they remain at the forefront of the financial industry. For investors, clients, and partners, JPMorgan Chase represents a secure and dynamic choice, offering both stability and exciting opportunities for growth. The future is undoubtedly bright for this financial powerhouse. My entry; 238 With a positive target: 285 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
NYSE:JPMLong
by DG55Capital
COSTCO - Time to break above and beyond the All time HighHi guys , today we are going to overview one of the retail giants COSTCO. Fundamentals : Revenue Growth and Profitability : Consistent Revenue Growth: Costco has demonstrated steady revenue growth, driven by an expanding membership base, increased same-store sales, and international expansion. Profit Margins: While Costco operates with low gross margins due to its focus on low pricing, its operating margins benefit significantly from recurring membership income. This structure ensures financial stability even in competitive environments. Financial Health: Balance Sheet Strength: Costco has a strong balance sheet with manageable debt levels and ample liquidity. Its ability to generate robust free cash flow supports both operations and shareholder returns. Dividend Growth: Costco pays a reliable dividend, which has seen consistent growth over the years. Additionally, the company occasionally issues special dividends, highlighting its commitment to returning value to shareholders Valuation Metrics: Price-to-Earnings (P/E) Ratio: Costco often trades at a premium valuation compared to peers due to its consistent performance and strong brand equity. Price-to-Sales (P/S) Ratio: Reflecting its robust revenue generation capabilities, Costco’s P/S ratio is higher than the retail industry average but supported by predictable growth. And some potential risks : Thin Margins: Costco’s low-margin strategy leaves little room for error, and rising costs (e.g., labor, logistics) could pressure profitability. Economic Sensitivity: While generally resilient, Costco could face challenges if economic conditions significantly impact discretionary spending or if competition intensifies. Foreign Exchange Risk: With international operations, Costco is exposed to currency fluctuations that could affect earnings. Technical analysis : The company has been running on a very healthy uptrend throughought 2024 and has had 4 green earning seasons which gives a positive bullish trend conversion,with analysists focusing on another green earnings in their Q4 report this gives us the necessary confirmations for a up-trend: Entry has been made at : 921 Target will be above the ATH : 1030 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
NASDAQ:COSTLong
by DG55Capital
2
AUD/USD: Battle at .6262 – Bounce or Breakdown Ahead?AUD/USD is testing minor support at .6262 following a failure to break the 50DMA. Whether it holds this level may determine which direction it takes later in the session. If the price can’t break .6262 convincingly, longs could be established above with a stop beneath for protection. The aim would be to see a retest of the 50DMA with a break of that level opening the door for a run towards .6337. However, a clean break of .6262 could see the setup flipped, with shorts placed below the level with a stop above for protection. .6170 screens as one possible target with .6088 the next after that. Momentum indicators are providing mixed signals with RSI (14) trending lower while MACD has resumed its climb higher. Based on price action earlier in the week, a bullish bias is marginally favoured overall. Good luck! DS
by FOREXcom
Comcast Wave Analysis – 5 February 2025 - Comcast reversed from key support level 32.50 - Likely to rise to resistance level 35.00 Comcast recently reversed up from key support level 32.50, which stopped the previous sharp downward impulse wave at the end of December. The support level 32.50was further strengthened by the lower daily Bollinger Band and by the support trendline of the daily down channel from November. Given the oversold daily RSI indicator, Comcast can be expected to rise to the next resistance level 35.00.
NASDAQ:CMCSALong
by FxProGlobal
SOXL Has Room to Run?This one has a double bottom look, with a higher low, and another 4% remaining to hit take profit enroute to retesting the neckline before breaking out (another 8% from here) or balance and fail! Stop loss of 5% is pretty steep, so typically I either lower my position size or stop loss. Even at 4% stop loss, according to backtest results this wins more than it loses and has done pretty decent in the past, as I have been forward testing this model for over the past 18 months and profiting from over 100 different equities that I signal on. The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes! SOXL and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off). Check out my script, as I am always looking for people to help test and I am always interested in feedback...
AMEX:SOXLLong
by KingTrading999
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
Long
by FOREXcom
EURCAD Aggressive Trade with Potential for Huge GainsI'll keep this short and to the point - Technical Outlook: Price recently hit a ceiling which has historically served as resistance (1.51750) , however we have been in an uptrend since late 2022. In Nov 2024 we saw bulls rally at strong levels of demand and continued to drive price upwards, creating a demand feed which price reacted off more recently (as shown on the chart). Once price reached the ceiling level, it took a nose dive UNTIL we saw it decelerate at the latest demand feed, which could potentially have a trove of resting orders ready to be filled. Trading Considerations: I will be keeping an eye on the 15m chart during London and NY sessions for bullish momentum to take hold. As it stands right now, a break above 1.49050 would be early signs to get involved. This can always change as new structure is formed on the LTF's but we are deep in discount territory. Watch for liquidity build up and volume to understand which LTF demand levels could hold during high volume sessions. Final Notes: As added confluence, this pair is currently oversold on the RSI. While navigating the LTF's make sure to adapt to changing conditions. Again, this is another trade which could potentially turn into a swing position (provided demand holds, we could see an upward move that finally breaks the ceiling). While the Euro continues to weaken against the USD, the Loonie should be able hold its own during this ongoing trade war (based on the fact that they've not just rolled over and do have some fight in them). We get to witness these scary times unfold - and it makes trading that much more exciting! Happy hunting predators! Apex out! OANDA:EURCAD FX:EURUSD OANDA:USDCAD
Long
by Apexfx_Alpha
1