LIOC.N00001. Key Technical Observations:
Price Breakout:
The stock has broken above a critical resistance level at 122 LKR (DR). This breakout indicates strong bullish momentum in the short term.
Trendline Resistance:
The stock is currently testing the descending trendline resistance (black diagonal line). A clear breakout above this trendline with volume confirmation could trigger a move toward higher levels.
Support and Resistance Levels:
Immediate Resistance: 124.50 LKR (current level) – needs a daily close above this zone to confirm a continuation of the uptrend.
Support Levels:
117.75 LKR (DM): Acts as immediate support.
115.75 LKR (DS): A fallback support zone.
111 LKR (WM): A key weekly support zone.
2. Indicators:
RSI (Relative Strength Index):
RSI is at 74.14, indicating that the stock is overbought. This suggests the possibility of a short-term pullback or consolidation.
MACD (Moving Average Convergence Divergence):
The MACD line has crossed above the signal line with increasing green histogram bars, signaling a bullish crossover and momentum.
3. Volume and Sentiment:
The breakout above 122 LKR occurred with significant volume, signaling strong buyer interest and bullish sentiment.
Volume confirmation is crucial for validating further upward moves.
4. Potential Targets:
If the stock breaks above the current 124.50 resistance and the descending trendline, the next potential targets are:
130 - 135 LKR Zone (based on previous highs).
Followed by higher levels depending on momentum.
Failure to sustain above 124.50 could see the price retesting supports at 117.75 LKR or 111 LKR.
Stockmarketanalysis
AMZN: Are We Heading to $247 or Taking a Quick Dip First? Hey Mindbloome Family, here’s my take on Amazon (AMZN) right now:
1️⃣ If we break above $233, I think we’ll see a strong move up to $246–$247.
2️⃣ If we don’t break just yet, we could see a pullback to one of these levels first:
$225
$221
$215
From there, I’m still looking for a bounce back up to $246.
3️⃣ If we break below $215, that’s when we’ll need to pause and reassess the plan.
Wellness Tip: Don’t underestimate a good night’s sleep. Trading with a clear, rested mind makes all the difference—you’ll see the charts more clearly and make better decisions.
What’s your take—do we break through to $247, or are we dipping first? Let me know! If you want to chat more or dive deeper into this setup, check out my profile or send me a DM.
KRIS/MINDBLOOME EXCHANGE
TRADE WHAT YOU SEE
Get Ready for a MASSIVE Week Ahead! Watch now! 🚨 Get Ready for a MASSIVE Week Ahead! 🚨
Don't miss out on preparing for the upcoming week and the year-end Santa Claus Rally! Make sure to watch this entire video to stay ahead of the game.
📊 In this video, we'll cover:
-Major economic news and events
-Market trends for NASDAQ:QQQ , AMEX:SPY , and AMEX:IWM
-Latest updates on all current H5 Trades such as NYSE:HIMS NASDAQ:MBLY NYSE:SQ NASDAQ:MARA NYSE:FUBO & more!
This video is JAM-PACKED with insights and valuable gems you don't want to miss! 💎
Buckle up and check it out now! 👇
Nifty Intraday/ monthly view - CPR Fibonacci After a big move on Friday today market has created a wide CPR so don't expect big move today market may remain in the range, Market will try to trap buyer as well as seller
Intraday levels - nifty can go max down till 24557, can face a resistance at 24858
Monthly view
Keep bullish view - if market closes above 24858 keeping a target of 25120
Market is in clear up trend keep by on dips strategy don't keep too much bearish view until an unless it closes below 23873 that is 61.8 %
views are personal. Not investment advice
Green Panel Soars Past ₹397! Bigger Targets Ahead!Green Panel on the 4-hour timeframe has entered a long trade setup, with TP1 successfully achieved at ₹397.35. The trade setup is based on the Risological Swing Trading Indicator , providing precise entry and target levels for a confident trade.
Green Panel Key Levels:
TP1: ₹397.35 ✅
TP2: ₹441.75
TP3: ₹486.15
TP4: ₹513.60
Technical Analysis:
The entry price at ₹369.90 has shown a strong breakout, quickly hitting the first profit target. The stop-loss is set at ₹347.70, ensuring disciplined risk management.
The price is moving above the Risological trend line, signaling a continuation of the bullish trend. As the setup remains intact, traders can aim for higher targets with a favorable risk-reward ratio.
Namaste!
Stock Market Weekly Preview: Dec. 9th📊Stock Market Weekly Preview: NASDAQ:QQQ AMEX:SPY AMEX:IWM
In this video, we’re diving into:
🔹Stock Market & Economic News
🔹Market Direction
🔹My H5 Tools & Strategies
🔹New & Current Trades
Let’s dive in and uncover the insights you need to stay informed and strategic! 👇
Waiting and Waiting For The Generational Top Man, SPX has really doubled since I first wrote about the possibility of a generational top in markets, back in 2018. In that time, have there been material improvements to our quality of life? Have economic conditions for the average person actually gotten better? Instead, it seems, market orchestrators are finding new ways to profit in the digital age - digital currencies, leverage on digital currencies, leverage on companies who buy digital currencies with leverage...more and more leverage. Extract more and more profit from people's attention. Gamify trading and our lived experiences.
Looking at the long term monthly chart for SPX, historical crashes have had price drop below the 200 month Moving Average (teal). Price has also tended to gravitate towards that purple trendline eventually. It has not touched since 2009. Before 2009, it had not touched since 1982. That's 27 years. If we see a similar gap, we wouldn't see a generational bottom until 2036, or over a decade from now.
Perhaps some caution should be exercised. Price has ventured to the top purple trendline. When price gets up there, it tends to appear overvalued, which may indicate that a mean reversion must occur. Here it is zoomed in, showing a weekly bearish divergence.
There's also the Great Depression Fractal. This could easily (in hindsight) be a blowoff phase. Previous ideas about this are linked below.
I was obviously off the mark when I first posted about this in 2018, but I still think it's work looking at, as a point of interest. Not as a prediction, per se, but as an example of how bad a crash could get at these levels. Once the Dow broke above the orange megaphone, price more than doubled before crashing. At current levels, price has now more than doubled from the breakout point.
A number of external factors are at play - rising populism/authoritarianism, rising global conflict...all symptoms of challenges with resources. Things are shaky up here. Time will tell. Great resets offer great opportunities.
This is meant for speculation only!
-Victor Cobra
Nasdaq100 ETF - $QQQ - LET ME TALK TO YA!Nasdaq100 ETF - NASDAQ:QQQ - LET ME TALK TO YA! 🗣️
The charts know better than any FUD FURU just using whatever data to get their point across (metrics, valuation data, economic data, and valuation formulas). Unless you can get everyone on this planet to align to include the charts you or me don't know what this market will do at the end of the day/week/month/year!
Now that we got that out of the way as a follow up to all the fear spreading top callers, lets talk about the charts!
Just like with NASDAQ:AMZN we need to give room for retests, we had an ascending triangle, our H5 Indicator stayed green and so we gave the candlestick and ascending triangle pattern retest some wiggle room! Thus allowing for the bounce off the H5/ 9Ema and breaking back out over top of the pattern which is HIGHLY BULLISH as we have a successful retest now. I expect to claw back to ATH's now very soon!
Williams R% is also respecting the consolidation box and uptrend at the same time as seen on the chart. No bullet points just a lot of words and thoughts! Here's a chart too:
🎯$560
🎯$580
NFA
Zillow Group, Inc. (Z) AnalysisCompany Overview:
Zillow Group, Inc. NASDAQ:Z is a leading online real estate marketplace, transforming the real estate industry through innovative technology and strategic partnerships. Its platform serves as a bridge between high-intent homebuyers/renters and top-performing agents, fostering an ecosystem that drives revenue growth and enhances user satisfaction.
Key Drivers of Growth:
Agent Connections Strategy:
Zillow’s approach of connecting motivated buyers and renters with experienced agents generates immediate revenue through lead generation while cultivating a loyal user base, contributing to a self-sustaining growth flywheel.
Outpacing Industry Growth:
Analysts forecast 12% annual revenue growth for Zillow over the next three years, surpassing the 11% sector average. This positions the company to deliver superior stock performance amidst a competitive market.
Real Estate Tech Innovation:
Under the leadership of CEO Jeremy Wacksman, Zillow focuses on developing cutting-edge tools that streamline real estate transactions, such as advanced AI-driven property valuations and user-friendly interfaces. These innovations solidify its role as a leader in real estate technology.
Market Potential:
Zillow benefits from the increasing adoption of digital real estate solutions, supported by consumer demand for convenience and efficiency in property searches, transactions, and rentals.
Investment Outlook:
Bullish Stance: We are bullish on Z above $63.00-$64.00, given its strategic growth initiatives, sector-leading revenue projections, and technological advancements.
Upside Target: With its strong positioning, we target $105.00-$110.00, reflecting Zillow’s potential to capitalize on a growing market and its tech-driven competitive edge.
📈 Zillow—Innovating the Real Estate Landscape! #PropTech #RealEstateInnovation #ZillowGroup
Risk Appetite at a Crossroads: SPY vs. TLT Nears Key ResistanceIntroduction:
A classic market indicator for gauging risk appetite is the ratio between stocks AMEX:SPY and long-term bonds NASDAQ:TLT . The premise is simple yet powerful: when stocks outperform bonds, the market is in a "risk-on" environment, favoring equities. Conversely, when bonds outperform stocks, it signals a "risk-off" environment, favoring safety.
For years, this ratio has trended upward within an ascending price channel, reflecting the dominance of equities over bonds in delivering superior returns. However, the ratio is now approaching the upper boundary of this channel, a critical juncture for assessing the next phase of market dynamics.
Analysis:
Risk-On vs. Risk-Off: The SPY-to-TLT ratio provides a clear view of market sentiment. A rising ratio reflects confidence in equities, while a declining ratio indicates a shift toward safety in bonds.
Long-Term Uptrend: The ratio has been in a well-defined uptrend, marked by higher highs and higher lows. This trend underscores the market's preference for stocks over bonds in recent years.
Current Situation: As the ratio nears the upper boundary of its price channel, the potential for a slowdown or reversal increases. While the long-term uptrend remains intact, a pullback could signal a temporary period where bonds (TLT) outperform stocks (SPY).
Interest Rate Outlook: With interest rates potentially declining next year, bonds could see increased demand. However, as long as the ratio remains within its channel and continues to rise, the "risk-on" environment remains dominant.
Conclusion:
The SPY-to-TLT ratio is nearing a pivotal level that could influence market sentiment in the coming months. While the "risk-on" trend remains intact for now, a shift in dynamics could occur if the ratio fails to break through its resistance. Traders and investors should monitor this ratio closely to navigate potential shifts between equity and bond performance. What’s your outlook on this key indicator? Share your thoughts below!
Charts: (Include relevant charts showing the SPY-to-TLT ratio, the ascending price channel, and key resistance and support levels)
Tags: #RiskAppetite #Stocks #Bonds #SPY #TLT #TechnicalAnalysis #MarketTrends
PARQ.N00001. Current Trend and Price Action
Uptrend: The stock is in a strong bullish trend, with consistent higher highs and higher lows evident in the weekly chart.
Key Resistance Levels:
The stock is approaching a critical resistance zone between 36.7 (0.618 Fibonacci level) and 38.0 (0.65 Fib level). These levels could act as barriers unless strong buying momentum continues.
Support Levels:
Immediate support is at 32.5 (0.5 Fibonacci level). If the stock pulls back, this level should act as a strong support zone.
Additional support lies at 27.2 (0.382 Fib level) if further corrections occur.
2. Fibonacci Analysis
The 0.618 (Golden Pocket) zone at 36.7 is a critical level to watch. If the stock breaks above this zone, it may head toward the 0.786 Fib level (~43.4).
All-Time High Target: The 1.0 Fibonacci level at 52.0 represents the potential all-time high target if the uptrend continues.
3. Indicators
RSI (Relative Strength Index):
The RSI is currently at 76.89, indicating that the stock is in the overbought region. This suggests a potential for a short-term pullback or consolidation before continuing the upward momentum.
Volume and Momentum:
The recent candles show strong bullish momentum, supported by rising volume. However, caution is needed as the price approaches the resistance levels.
4. Observations
Bullish Case: If PARQ breaks above 38.0, the next target would likely be 43.4, followed by 52.0 as the long-term target.
Bearish Case: Failure to break the 36.7 - 38.0 resistance zone could result in a pullback toward 32.5 or even 27.2.
ASI - All time high in 2025 Q1?1. Observations on Fibonacci Levels
Current Resistance at 0.786 Fib Level (~12,123):
The index has successfully moved past several key Fibonacci retracement levels and is now approaching the 0.786 level.
A confirmed breakout above this level, with a daily/weekly candle close, would further strengthen the bullish momentum.
Golden Pocket (~10,969 - 11,189):
The golden pocket zone (0.618) previously acted as strong resistance, but it has now turned into a support zone, affirming the current uptrend.
Target: 1.618 Extension (~17,837):
The 1.618 Fibonacci extension level at 17,837 is a likely target if the index maintains its bullish momentum throughout 2025.
This projection aligns with a potential all-time high under strong market conditions.
2. Channel Observation
The ASI is trading within a clear upward parallel channel, with higher highs and higher lows forming a solid bullish structure.
The upper bound of this channel aligns with the 1.618 Fibonacci extension level, further strengthening the case for 17,837 as a medium- to long-term target.
3. Indicators
RSI:
The RSI is nearing overbought levels, suggesting that the index might face short-term resistance or a pullback before continuing its upward trajectory.
MACD:
The MACD is showing bullish momentum, with a positive crossover and rising histogram bars. This supports the upward trend.
4. Key Levels to Watch
Support Levels:
12,123 (0.786 Fib): Needs to hold as support if the index retraces.
10,969 - 11,189 (Golden Pocket): Acts as the next strong support zone.
10,158 (0.5 Fib): A deeper retracement level, likely to hold during a major pullback.
Resistance Levels:
Immediate resistance is at 13,593 (1.0 Fib).
The next major resistance is the 1.272 extension (~15,257) before targeting 1.618 (~17,837).
5. Risks and Considerations
The overbought RSI could lead to short-term corrections.
Macro-economic factors, such as local and global economic conditions, could impact the bullish scenario.
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.
S&P Hits All-Time Highs: Reversal Incoming?The S&P has hit an all-time high, breaking previous records. However, the chart suggests a potential reversal as it struggles to break the resistance at the 0.5 Fibonacci level ($6,019.68). Currently, the S&P is holding at the support level of $5,862.46. To maintain its bullish momentum, it must stay above this support. If it fails, the next support level is $5,772.72. A breakdown below these levels could trigger a broader market decline.
This analysis is for educational purposes, and I hope the TradingView moderators respect that. My goal is to educate and build a strong community, providing transparent insights into the stock market. If you find this content valuable, please hit the like button. Feel free to ask any questions in the comments I'm happy to help. Thank you!
FinNifty Support and Resistance Levels For 12th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #finnifty, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
Sensex Support and Resistance Levels For 12th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #sensex, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
Nifty Support and Resistance Levels For 12th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Nifty, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
BankNifty Support and Resistance Levels For 12th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #BankNifty, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
Victoria's Secret (VSCO) AnalysisCompany Overview: Victoria's Secret NYSE:VSCO is undergoing a strategic transformation aimed at revitalizing its brand and capturing a larger share of the lingerie and intimate apparel market. The company is leveraging new partnerships, focusing on digital expansion, and embracing inclusivity to appeal to a broader customer base.
Key Developments:
Partnership with Amazon:
Victoria's Secret's collaboration with Amazon represents a significant move to expand its digital footprint. By listing products on one of the world's largest e-commerce platforms, the company gains access to Amazon's vast customer base, potentially driving substantial online sales growth.
This partnership enables Victoria's Secret to reach new customers who prefer online shopping, aligning with broader retail trends where e-commerce continues to take a larger share of sales.
Brand Transformation and Inclusivity:
The company is undergoing a brand overhaul, focusing on inclusivity and diversity. By showcasing a wider range of body types and promoting a more inclusive brand image, Victoria's Secret aims to reconnect with a broader audience, particularly Gen Z and Millennial consumers who value representation and authenticity.
This strategic shift is expected to enhance the brand's market appeal, improve customer perception, and potentially boost sales and market share.
International Expansion:
Victoria's Secret is targeting high-growth international markets such as China and India, where demand for premium and luxury lingerie is on the rise. The expansion into these regions is a strategic effort to tap into new revenue streams and capitalize on growing consumer purchasing power.
Establishing a stronger presence in these markets positions the company to benefit from increasing global demand for premium intimate apparel.
New Leadership Driving Transformation:
With new industry veterans in key leadership roles, including a CEO experienced in retail transformation, Victoria's Secret is set for accelerated growth. The revamped leadership team is focusing on strategic initiatives aimed at revitalizing the brand, enhancing customer experience, and driving financial performance.
Investment Outlook: Bullish Outlook: We are bullish on VSCO above the $27.00-$28.00 range, as the company's strategic initiatives and renewed focus on inclusivity are expected to drive growth and market expansion. Upside Potential: Our price target for Victoria's Secret is set at $45.00-$46.00, reflecting potential gains from the Amazon partnership, brand transformation efforts, and international expansion strategy.
🚀 VSCO—Reinventing the Brand and Expanding Horizons! #RetailTransformation #EcommerceGrowth #InclusivityInFashion
CALT.N0000 - Weekly Chart UpdateThe Fibonacci retracement levels are plotted based on the all-time high and low values, providing insight into potential support and resistance zones.
The key Fibonacci levels observed on this chart are :
0.236 Level: Around 73.2, which could act as a significant resistance if the stock starts moving up from the current levels.
0.382 Level: Around 60.8, another potential resistance.
0.5 Level: Around 50.7, often considered a pivotal level in retracement analysis.
0.618 Level (Golden Pocket): Around 40.6, which is a critical level and can act as strong support if the price approaches it from above.
Current Price and 21-Week Moving Average (Green Line) :
The price is currently around 43.8, slightly above the 0.618 Fibonacci level (40.6), suggesting the price is in a critical area.
The 21-week moving average (green line) is also near the current price level. This moving average could act as dynamic support if the price remains above it. If it breaks below, it may signal further downside risk.
Descending Trendline Resistance :
The chart shows a strong descending trendline that has been respected multiple times as resistance. The stock would need to break above this trendline to confirm a reversal or more significant bullish momentum.
Support and Resistance Levels :
Immediate Resistance: Around 47.1 (Weekly Mid Resistance) and 53 (Weekly Resistance).
Support Levels: The 0.618 Fibonacci level at 40.6 and the 0.786 level around 26.3 are key support areas. If the price falls below 40.6, the next significant support zone would be around 26.3.
Relative Strength Index (RSI) :
The RSI appears to be in a lower range, which could imply oversold conditions on the weekly chart. This may provide some support for the price, but a confirmed upward trend would still depend on breaking key resistance levels.
Summary:
The stock is in a consolidation phase near critical Fibonacci and moving average levels.
A break above 47.1 and ultimately above the descending trendline could signal the beginning of a potential reversal.
However, if the price falls below the 0.618 level (40.6), there may be a further downside risk, with 26.3 acting as the next major support.
The 21-week MA and the 0.618 level are crucial for maintaining the current consolidation or an upward move, so keeping an eye on these levels is essential.
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.
Palantir Bullish Long-Term PlayPalantir shares rose to a yearly high near $33 in the evening trading session on Friday, September 6, after announcement Palantir joins the S&P 500 index.
Palantir was one of the strongest contenders for inclusion in the broad market S&P500 index.
This inclusion, as well as Dell (DELL), comes after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier this year.
Technical 1-month graph indicates on Reversed Head-and-Shoulders structure in development.
Potentially it can bring Palantir stocks, up to $100 per share over the next several years.
Sensex Support and Resistance Levels for 6th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Sensex, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.