SPLK | Splunk & CiscoShares of Splunk were up 21.3% as of 1:10 p.m ET Thursday after the data analytics and observability specialist agreed to be acquired by Cisco Systems
More specifically, on Thursday morning Splunk announced it has entered into a definitive agreement under which Cisco will acquire the company for $157 per share in cash a roughly 31% premium from Wednesday's closing price. The deal places an equity value on Splunk of approximately $28 billion.
"We're excited to bring Cisco and Splunk together," said Cisco CEO Chuck Robbins in a statement. "Our combined capabilities will drive the next generation of AI-enabled security and observability."
Splunk, for its part, was already up nearly 40% year to date leading into the announcement, helped by a post-earnings pop last month after the company delivered significantly stronger-than-expected fiscal second-quarter results. At the time, Splunk CEO Gary Steele highlighted his company's focus on accelerating innovation as a key beneficiary of the rise of artificial intelligence stocks.
The acquisition has already been unanimously approved by both companies' boards of directors, but still requires the approval of regulators and Splunk shareholders. Assuming all goes as planned, the transaction should close by the end of the third quarter of calendar year 2024. Cisco believes the purchase should be cash-flow-positive and gross margin accretive in the first fiscal year post close, and accretive to nonGAAP earnings per share in the second year.
Splunk stock is trading at a modest 7.7% discount to the agreed purchase price. So given the cash nature of the deal -- and unless waiting longer to sell might qualify you for long-term capital gains tax rates on your profits -- I think most Splunk shareholders would do well to take their money and put it to work in any number of other promising stocks.
SPLK is super bullish because its passed 50 and 200 EMA and also it broke 109$ resistance as well, the volume and most indicators are bullish too
Stockanalysis
📈 Bank of Baroda: Riding the Waves of Support and Resistance!Hello Alpha Traders!
Let's delve into Bank of Baroda today. Here's a snapshot:
📊 1-Hour Trend Analysis: NSE:BANKBARODA is currently riding an upward trend in the 1-hour session, showcasing resilience at support levels.
🔄 Support and Resistance Dynamics: Observing a pattern where the stock breaks its resistance, retraces to find support, and then resumes its upward journey.
📈 Current Scenario: With the recent breakout above resistance, the stock is now retesting its support level before potential further upside.
💰 Trading Opportunity: Consider taking a long position in the range of 260 to 240 rupees, with a stop loss placed below the support trend line for risk management.
📌 Stay Vigilant: Always stay alert to market movements and adjust your strategies accordingly.
🚀 Chart Analysis: Dive deeper into the chart analysis for a comprehensive understanding of the stock's movements.
Looking forward to your insights and trades, Alpha Traders! 🚀💼
Best regards,
Alpha Trading Station
CSE - Monthly ChartCriteria for another Bull market in Stock market of Sri lanka
1. Need to close few more Green candles above 9150 in monthly chart & It should protect 21 EMA in monthly chart
2. RSI should be more than 50 in monthly chart
3. Finally monthly candles should break strong resistance level 10650
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
SPX: an alternate EW count if 4216.45 breaksSPX and markets overall are slaughtering bulls for the last couple of weeks. Now bloody Monday is the trending search on google search. If the last low breaks, I am not super convinced that market will go in a free fall. Even though anything is possible, there is a lot of support between 4150 and 4000. So, if we don't see some circuit breaking 5% down moves next week, it is very likely that the correction is on its last legs. However, breaking 4216.45 will also mean that the motive wave is over, and wave 4 count is invalidated. Instead, the macro will count as a diagonal ABC move for primary wave 3 with C leg to the upside following the current correction. And just like a motive wave 3, a C wave of diagonal wave ABC will also be quite strong. It might take SPX to close to 6000 in short few months.
So, either we will see a waterfall down to 3k or a melt up to 6k starting in the next couple of weeks. It will mean fast reflexes and market buys and sells to keep up.
Descending Triangle pattern breakout in INDIGOINTERGLOBE AVIATION LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Descending Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3240+.
✅Can Go Long in this Stock by placing a stop loss below 3040-.
Lithium stocks extremely oversold on weekly and Has bullish DivsLithium stocks in extreme oversold spots right now, these stocks like "LAC" in my opinion is very good long-term hold with at least 400% - 560% gains in upcoming year or two. You rarely see anything as cheap as this, possible we will never see these lows again in our life times.
When stocks like TSLA and other Electronics will rise Lithium stocks will skyrocket. I expect the bigger moves begin when the weather will start to get warmer as of now the EVs having trouble with their batteries dying because of the cold, this will issue will disapear in big part of the world at spring.
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"Lithium" is a chemical element known for its use in rechargeable batteries, particularly in electric vehicles (EVs) and electronics. Its high energy density and lightweight properties make it crucial for the advancement of battery technology.
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Investing in lithium stocks at extreme lows could be worthwhile for several reasons:
Long-term Growth Potential: The demand for lithium is expected to surge as the shift towards clean energy and electric vehicles accelerates. This long-term growth potential could make lithium stocks attractive at low prices.
Supply and Demand Dynamics: Despite fluctuations, there's a general consensus that the demand for lithium will outpace supply in the coming years. This could drive prices up and benefit companies involved in lithium production and exploration.
Diversification: Including lithium stocks in a diversified investment portfolio can offer exposure to the rapidly growing electric vehicle market and the broader renewable energy sector.
Technological Advancements: Ongoing research and technological advancements in battery technology could further increase the demand for lithium, potentially benefiting lithium producers and related stocks.
MCDOWELL-N: Riding the Upward Wave! Analyzing for Potential GainHello traders,
Following the positive response to last week's study on AARTIIND , let's delve into another promising stock: NSE:MCDOWELL_N (United Spirits).
📈 Uptrend Observation: MCDOWELL-N has been exhibiting a consistent upward trajectory, bouncing off demand zones and charting higher.
⚖️ Strategic Entry Points: Anticipating potential upward movements, especially as it tests the demand zone below the CMP (Current Market Price).
💹 Derivative Trading: Derivative traders, consider the 1100CE option for liquidity. Monitor spot prices and buy the premium at opportune moments.
📅 February Forecast: With heightened volatility expected in February due to budget considerations, a watchful eye on market dynamics is crucial.
🧐 Trade Caution: Remember, my analysis is a guide, not a directive. Conduct thorough research before making any trading decisions.
📌 TradingView Wisdom: As TradingView says, "Look first, then leap."
🙏 Thank You: Grateful for your support! See you in the next post.
Best regards,
Alpha Trading Station
📊 Pinterest (PINS) Trade Analysis - Partnerships and Growth! 🚀📊 Technical Overview:
NYSE:PINS : Pinterest, a visual discovery platform.
Key Levels: $34.80, $35.50, $50.00, $52.00.
📈 Trade Analysis:
Partnerships: Collaborations with Adobe, Salesforce, and Amazon.
API Revenue: API product contributing nearly 30% of Pinterest's revenue.
AI Growth: Explosive growth fueled by AI.
Amazon Deal: Anticipation for meaningful revenue from Amazon deal in 2024.
Bullish Sentiment: Positive outlook on Pinterest.
🚀 Trade Strategy:
Entry: Above $34.80-$35.50 range.
Upside Target: $50.00-$52.00.
Bullish Outlook: AI-driven growth and strategic partnerships.
📉📈 Note: Stay updated on Pinterest's growth and partnerships for trade decisions. 🔄💹 #Pinterest #TradeAnalysis #StockMarket 📊🚀
Meta: Reached the Destination 📍✅Meta has reached our (now greyed our) Zone and started a pullback. We primarily expect the magenta-colored wave (iii) have already reached its high. Accordingly, we currently see the stock in a correction of the same-colored wave (iv), which should ideally push the price back towards the round $400 mark. According to our alternative scenario (38%), it would possible that the stock immentily rises. However, this scenario would merely shift the top of the wave alt. (iii) in magenta, which is why we expect another countermovement to the south afterwards before we can move on to the final stage of the green wave (1). As soon as the high of wave (1) in green could is set, we are preparing for a more extensive wave (2) correction.
📈 Tata Steel: Bouncing Off Support and Eyeing New Highs! 🚀Hello traders!
Today, let's dive into $NSE:TATASTEEL. Here's the breakdown:
📉 Support Bounce: Tata Steel has recently touched its support at Rs.132 and is now making a move upward.
📈 Targeting ₹140: The current trajectory suggests a push towards the near-term profit target of ₹140.
💹 Derivative Opportunity: For derivative traders, considering the 130 call option could be a strategic move.
✨ Potential Upside: With good support, there's a chance for Tata Steel to soar higher. Keep a close watch for further developments.
🔄 Dynamic Market: Always remember, the market is dynamic, and these are observations. Conduct your analysis before making any trading decisions.
🤔 Your Take: How do you interpret Tata Steel's movement? Share your insights in the comments!
📌 Stay Updated: Let's navigate these markets together. Stay tuned for more posts and updates!
Best regards,
Alpha Trading Station
Downtrend Channel pattern breakout CHAMBLFERT CHAMBLE FERTILISER LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Downtrend Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 401+.
✅Can Go Long in this stock by placing a stop loss below 359-.
INFIBEAM Infibeam is in pure strength and break it's 52wk high. Enter with a small stop loss and accumulate till 15-16 price.
📊🚀 AppLovin Corporation (APP)NASDAQ:APP Anticipates robust third-quarter revenue reaching up to $800 million, showcasing healthy sequential growth from the previous quarter's $750 million. Bullish outlook suggests an entry above $38.00-$39.00, targeting upside in the $58.00-$60.00 range. 📈💼
#AppLovin #StockAnalysis 💹💰
RCL.N0000 - Strong resistance levelsThere are two areas for RCL that will act as strong resistance levels.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
📈 AARTIIND: New Year, New Opportunities! Analyzing the UptrendHello traders!
It's great to be back with my first post of the year. Today, let's dive into $NSE:AARTIIND. Here's the breakdown:
📉 Directional Shift: The stock is transitioning from a downward to an upward trajectory, signaling a potential change in trend.
📈 Retesting Support: After reaching its previous peak, AARTIIND is retracing to test the support before gearing up for another upward move.
📊 Chart Analysis: Check out the visual for my entry, exit, and profit target. These are the key levels I'm watching closely.
💹 Derivative Trading Strategy: For derivative traders eyeing January expiry, consider 580 or 600 CE for potential opportunities.
🔄 Dynamic Market: Keep in mind that the market is dynamic, and these are just my observations. Always conduct your analysis before making any trading decisions.
🤔 Your Thoughts: What's your take on AARTIIND? Share your insights and strategies in the comments.
🔗 Stay Connected: Let's navigate these markets together. Stay tuned for more posts and updates!
Happy trading in the new year!
Best regards,
Alpha Trading Station
ASI - Strong support levelASI need to stay above purple line in monthly chart.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
💊Celldex Therapeutics (CLDX) Analysis: Positive Phase 2 StudyKey Highlights:
Positive Phase 2 Study: Celldex Therapeutics revealed positive outcomes from a Phase 2 study of Barzolvolimab, focusing on patients with moderate to severe chronic spontaneous urticaria (CSU) refractory.
Well-Tolerated and Favorable Safety Profile: Barzolvolimab demonstrated general well-tolerance and exhibited a favorable safety profile in the study.
Transformative Potential: CEO Anthony Marucci highlighted the potential transformative role of Barzolvolimab as a treatment option for patients suffering from CSU.
Technical Analysis:
Support Level: The analysis suggests a support level above $35.00-$36.00, indicating a potential floor for price movements.
Upside Target: The upside target is set in the range of $56.00-$58.00, reflecting positive expectations for Celldex Therapeutics.
#CelldexTherapeutics #CLDX #Biopharmaceutical #ClinicalStudy #StockAnalysis #Investing
🚀📊 Upwork (UPWK) Analysis: Surge in AI Job PostsKey Highlights:
Significant Growth in AI Job Posts: Upwork experienced a remarkable 1,000% increase in generative AI job posts during Q2 and Q3 of 2023.
High Demand for AI Skills: Searches for generative AI skills surged by 1,500% during the same period, indicating a substantial demand for AI-related expertise.
Strategic Collaboration with OpenAI: Upwork's collaboration with OpenAI further strengthens its position in the evolving workforce landscape.
Bullish Sentiment: The overall sentiment towards UPWK is bullish, reflecting the positive market outlook for the platform.
Technical Analysis:
Support Level: The analysis suggests a support level above $13.00-$13.50, indicating a potential floor for price movements.
Upside Target: The upside target is set in the range of $22.00-$23.00, reflecting optimistic expectations for Upwork's performance.
#Upwork #UPWK #AI #Freelance #WorkMarketplace #StockAnalysis #Investing
INDUSINDBK - Ichimoku Breakout📈 Stock Name - Indusind Bank Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1650.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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Long-Term Vision: Tata Motors and the Cup & Handle StrategyTata Motors
Current Market Price: ₹740.90
Target: ₹4328
Stop Loss: ₹290
Strategy: Cup and Handle
I believe Tata Motors is exhibiting a cup and handle pattern, indicating a potential bullish trend. This not only presents a short-term opportunity but is also well-suited for long-term investors. With the current market price at ₹740.90, the target is set at ₹4328 with a stop loss at ₹290. This analysis is based on the cup and handle pattern, suggesting a favorable opportunity for potential gains over the long term.
(Note: I am not a SEBI registered advisor. Please conduct your own research or consult with a financial advisor before making investment decisions.)
YNDX Stock: Unveiling Bullish Secrets Amidst Restructuring DelayProfessional Technical Analysis for YNDX Stock : Navigating Bullish Momentum Amidst Restructuring News
Introduction:
The recent restructuring announcement by Yandex, the tech giant, has triggered speculation and rumors, introducing an intriguing dynamic to the YNDX stock landscape. This professional technical analysis aims to decipher the implications of the delayed restructuring deal and assess the emerging bullish momentum.
Market News and Restructuring Delay:
The article on Investing.com ( www.investing.com ) provides insights into the anticipated delay of Yandex's restructuring deal until early 2024. This development has sparked market speculation and fueled rumors, adding an element of uncertainty to YNDX stock.
Technical Analysis - Bullish Momentum:
Post the restructuring delay announcement on the 25th, a surge of bullish momentum has been detected on the weekly timeframe for YNDX stock. A breakout candle has emerged, signaling a potential continuation of an ascending triangle pattern towards the 3110.6 mark. This pattern suggests a positive outlook, and traders are advised to monitor the developments closely.
Key Price Levels to Watch:
Take Profit at $2497.0 : The initial target for profit-taking aligns with the ascending triangle's breakout, presenting an opportunity for traders to capitalize on the bullish momentum.
Take Profit at $2613.8 : As the momentum builds, the second profit-taking level serves as a strategic point to secure gains, anticipating further upward movement in YNDX stock.
Take Profit at $2733.4 : The third and final profit-taking level represents a calculated exit point, considering the evolving market dynamics and the ascending triangle pattern's potential continuation.
Conclusion:
In conclusion, the delay in Yandex's restructuring deal has introduced an element of uncertainty, sparking rumors and speculation in the market. The subsequent surge in bullish momentum, particularly evident on the weekly timeframe, paints a positive picture for YNDX stock. Traders are advised to exercise caution and closely monitor the ascending triangle pattern's development, with the identified profit-taking levels serving as strategic guides in navigating this dynamic market landscape.
LWL.N0000LWL will be bullish in upcoming days. LWL needs to close daily candles above 50+ (above 50, 200 MA lines)
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
AGST.N0000Closely monitor on Buy Zone
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
