Get started

Stocks

COSTCO New uptrend about to begin.Costco (COST) gave us the most optimal buy signal on our previous analysis (October 07 2024, see chart below) right at the bottom of the Channel Up, and easily hit our 1000 Target: Yet again, we are ahead of a strong bullish break-out and the only Resistance level that remains is the 1D MA50 (blue trend-line). The 1D RSI has already given a buy signal right on its oversold barrier (30.00) on January 02 2025. Once the 1D MA50 breaks, we will have a confirmed break-out buy signal. The previous tree Bullish Legs have been of at least +16.08%, so our new Target as of today is 1045. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:COSTLong
by TradingShot
OIL INDIA BUY VIEW OIL INDIA - BUY PROJECTION Trade Setup : Fundamental Analysis Stock PE - 9.22 Industry PE - 20.7 Low Debt Promoter Holding - 53 % DII Holdings - 17 % Regularly Paid Dividend - 2 % Strong Fundamental - Stock Possible to Doubled - (Current - 474 ) (Target - 948 ) for Long term 5 years Holding .. Technical Analysis Monthly - Strong Support & Fib 50 % Day - Wait For Candle Close in Black Line Entry - 507 Rs Target - 740 Rs Stoploss - 408 Rs Happy trading .. Thank You ...
NSE:OILLong
by Dreamtrader00
Nightly $SPX / $SPY Predictions for 1.21.2024🔮 📅 Tue Jan 21 🗓️ Day 2 📍 WEF Annual Meetings 📅 Wed Jan 22 🗓️ Day 3 📍 WEF Annual Meetings 📅 Thu Jan 23 🗓️ Day 4 📍 WEF Annual Meetings ⏰ 8:30am 📊 Unemployment Claims: 220K (prev: 217K) ⏰ 11:00am 🛢️ Crude Oil Inventories: -2.0M 📅 Fri Jan 24 🗓️ Day 5 📍 WEF Annual Meetings ⏰ 9:45am 📊 Flash Manufacturing PMI: 49.4 📊 Flash Services PMI: 56.8 ⏰ 10:00am 📊 Existing Home Sales: 4.19M (prev: 4.15M) 📊 Revised UoM Consumer Sentiment: 73.2 💡 Market Insights: 📈 GAP ABOVE HPZ: On a gap up, we will get pinned down at HPZ back into the EEZ. 📊 OPEN WITHIN EEZ: A lot of resistance overhead. Markets should cool down after the gaps from last week. Small rally into fade downwards. 📉 GAP BELOW HCZ: We will likely get a small bounce and hold. #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
SP:SPXShort
by PogChan
Jyoti CNC Trying to make a comeback. Jyoti CNC Automation Ltd. engages in the provision of manufacturing solutions for computerized machine cutting tools. It operates under the Within India and Outside India geographical segments. Jyoti CNC Automation Ltd. CMP is 1273.05. The Positive aspects of the company are Company with Low Debt, Company able to generate Net Cash - Improving Net Cash Flow for last 2 years and Companies with rising net profit margins. The Negative aspects of the company are extremely high Valuation (P.E. = 105.5), High promoter stock pledges, Increasing Trend in Non-Core Income and Companies with growing costs YoY for long term projects. Entry can be taken after closing above 1293Targets in the stock will be 1337, 1368 and 1406. The long-term target in the stock will be 1434, 1463 and 1513. Stop loss in the stock should be maintained at Closing below 1157 or 1079 depending on your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:JYOTICNCLong
by Happy_Candles_Investment
Persistent can be persisted withPersistent Systems Ltd. is a technology services company. It engages in delivering digital business acceleration, enterprise modernization, and next generation product engineering services. The firm operates through the following segments: Banking, Financial Services & Insurance, Healthcare & Life Sciences, and Technology Companies & Emerging Verticals. Persistent Systems Ltd. CMP is 6090.90. The Positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Stocks Outperforming their Industry Price Change in the Quarter and Company able to generate Net Cash - Improving Net Cash Flow for last 2 years. The Negative aspects of the company are high Valuation (P.E. = 77), Companies with growing costs YoY for long term projects and MFs decreased their shareholding last quarter. Entry can be taken after closing above 6094 Targets in the stock will be 6241, 6392 and 6547. The long-term target in the stock will be 6704 and 6810. Stop loss in the stock should be maintained at Closing below 5850 or 5566 depending on your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:PERSISTENTLong
by Happy_Candles_Investment
Tesla - Another +100% After This Breakout!Tesla ( NASDAQ:TSLA ) can still double from here: Click chart above to see the detailed analysis👆🏻 With Elon Musk actually becoming the richest person on this planet, Tesla is simultaneously attempting another all time high breakout. All the recent bullish momentum could further fuel this rally, leading to new all time highs and another 2x in Tesla's market cap. Levels to watch: $450, $900 Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLALong
by basictradingtv
8
WALMART: The first buy opportunity of 2025 is here.Walmart has turned neutral on its 1D technical outlook (RSI = 52.502, MACD = 0.350, ADX = 31.554) as it is trading sideways on top of the 1D MA50. This is a strong support level that has been unbroken since August 14th 2024 but the sideways trending 1D RSI resembles all times since September 2022 that it crossed under it and then rallied. Consequently this is already a strong buy signal, regardless of whether the price breaks the 1D MA50 or not as, at worst it is expected to trade sideways for another 1-2 weeks and then rebound. We aim for a +22% price increase (TP = 108.00) like the last two bullish waves delivered. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:WMTLong
by InvestingScope
Qifu Technology (QFIN) AnalysisCompany Overview: Qifu Technology NASDAQ:QFIN is a prominent digital financial services provider in China, offering a broad range of loan products and financial services through its growing platform. The company has built a robust consumer base, connecting millions of users with over 160 financial institutions, ensuring strong diversification and market leadership. Key Growth Drivers Platform Growth: 254.3 Million Consumers (As of Sept 30, 2024): Qifu's impressive growth, with an 11.6% year-over-year increase in consumer connections, underscores the expanding adoption of its services. This large and growing user base reflects strong demand for digital financial solutions in China. Diversified Loan Products: Qifu’s partnerships with 162 financial institutions provide access to a wide variety of loan products, helping to attract a broad customer base and drive increased revenue through a diverse range of offerings. Management Confidence: $450 Million Share Repurchase Plan (2025): The announcement of a significant share repurchase program indicates strong confidence from management in the company's future prospects and suggests that Qifu's stock may be undervalued at current levels. This initiative is likely to boost shareholder value and enhance investor sentiment. Strategic Growth Focus: The share buyback also demonstrates a commitment to shareholder returns and signals management's belief in the company's long-term growth potential. Market Leadership and Financial Strength: Positioning as a Market Leader: Qifu's leadership in the digital financial services sector is reinforced by its strong partnerships and growing consumer base, giving it a competitive edge in a rapidly expanding market. Revenue Growth: Qifu’s ability to generate revenue through its loan products and financial services will continue to expand as the platform connects more consumers and diversifies its offerings. Investment Thesis: Qifu Technology is well-positioned to capitalize on China’s growing digital financial services market, leveraging its vast consumer base, partnerships with financial institutions, and strategic buyback program. These factors, coupled with management’s confidence in the stock’s value, make Qifu an attractive investment opportunity. Bullish Case: Target Price Range: $67.00–$68.00 Entry Range: $32.00–$33.00 Upside Potential: The combination of strong consumer growth, solid partnerships, and management's strategic initiatives positions Qifu for significant upside potential in the coming quarters.
NASDAQ:QFINLong
by Richtv_official
Vistra Corporation (VST) AnalysisCompany Overview: Vistra Corporation NYSE:VST is a prominent U.S. integrated power company, combining retail and wholesale energy services. The company is actively transitioning toward renewable energy while maintaining a balanced portfolio with its conventional energy assets. Vistra's commitment to sustainability is reflected in the recent development of solar projects, positioning it well for the future of energy. Key Growth Drivers Renewable Energy Expansion: Large Solar Projects in Illinois: Vistra's recent connection of two significant solar projects underscores its push to diversify into clean energy. This not only aligns with consumer demand for green energy but also supports regulatory trends favoring sustainability. Strategic Diversification: By enhancing its portfolio with renewables, Vistra is positioning itself as a leading player in the transition to cleaner energy sources. Operational Adaptability with Conventional Assets: Baldwin Power Plant Extension (1,185 MW): The extension of this key asset through 2027 allows Vistra to maintain reliable power generation in the MISO market while transitioning to renewables. The move exemplifies strategic balance, ensuring reliability while supporting green energy goals. Operational Flexibility: Vistra's ability to adapt its mix of assets enables it to capitalize on diverse market conditions. Leadership and Regulatory Expertise: Rob Walters Appointment: The recent addition of Rob Walters as an independent director strengthens Vistra’s regulatory and strategic leadership. This move enhances the company’s ability to navigate the evolving energy landscape, building investor confidence in its long-term strategy. Investment Thesis: Vistra is well-positioned to capitalize on both renewable energy growth and conventional energy reliability. The company's expansion into solar power and commitment to sustainable energy solutions, combined with the extension of key assets like Baldwin Power Plant, reinforces its competitive edge in a transforming energy market. Bullish Case: Target Price Range: $210.00–$220.00 Entry Range: $140.00–$142.00 Upside Potential: Strong growth potential due to diversified energy portfolio, renewable energy investments, and strategic leadership appointments.
NYSE:VSTLong
by Richtv_official
ABBV - Are you Ready?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈ABBV has been in a correction phase and it is currently approaching the lower bound of the red and blue channels. Moreover, the green zone is a strong round number $150 and structure! 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower trendlines acting as non-horizontal support. 📚 As per my trading style: As #ABBV approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:ABBV
by TheSignalyst
3
Adobe (ADBE): Patience Pays Off After 35% RallyFollowing our last analysis of Adobe (ADBE), the stock saw a 35% rally from June to September, only to flush back to our preferred range—a clear reminder of the importance of considering the bigger picture rather than chasing every setup. Six months later, Adobe now trades below our initial analysis levels, reinforcing the value of patience. Currently, the stock has tagged the 61.8% Fibonacci retracement level, showing a promising reaction. However, reclaiming and flipping the key resistance at $446 with strong momentum is crucial. If this level is reclaimed, we will look for a pullback to bid at this key zone. Should Adobe fail to reclaim $446, another drop toward the $386–$350 support range becomes highly likely. As such, we are not rushing into long positions for the sake of being positioned. On the fundamental side, Adobe faces critical challenges as investors question its ability to monetize new AI features and fend off competition from emerging startups. These factors will play a key role in shaping the company’s outlook. For now, we remain patient, watching for clear rejections or reclaiming of the key levels. Key Resistance: $446 Key Support: $386–$350
NASDAQ:ADBELong
by freeguy_by_wmc
What Is the January Effect on Stock Markets and What Traders Do?What Is the January Effect on Stock Markets and What Traders Do? The January effect has long fascinated traders, highlighting a seasonal pattern where stock prices, especially smaller ones, tend to rise at the start of the year. But what drives this phenomenon, and how do traders respond? This article dives into the factors behind the January effect, its historical performance, and its relevance in today’s markets. What Is the January Effect? The January effect is a term used to describe a seasonal pattern where stock prices, particularly those of smaller companies, tend to rise during January. This phenomenon was first identified in the mid-20th century by Sidney B. Wachtel and has been widely discussed by traders and analysts ever since as one of the best months to buy stocks. The effect is most noticeable in small-cap stocks, as these tend to show stronger gains compared to larger, more established companies. Historically, this uptick in January has been observed across various stock markets, though its consistency has diminished in recent years. At its core, the January effect reflects a combination of behavioural, tax-related, and institutional factors. Broadly speaking, the phenomenon is linked to a surge in buying activity at the start of the year. After December, which often sees tax-loss selling as traders offload poorly performing stocks to reduce taxable gains, January brings renewed buying pressure as these funds are reinvested. Additionally, optimism about the new year and fresh portfolio allocations can amplify this trend. While the January effect was more pronounced in earlier decades, changes in trading patterns and technology have made it less consistent. Yet, it still draws attention, particularly from traders looking for seasonal trends in the market. Historical Performance and Data Studies have provided empirical support for the stock market’s January effect. For instance, research by Rozeff and Kinney in a 1976 study analysed data from 1904 to 1974 and found that average stock returns in January were significantly higher than in other months. Additionally, a study by Salomon Smith Barney observed that from 1972 to 2002, small-cap stocks outperformed large-cap stocks in January stock market history by an average of 0.82%. However, the prominence of the January effect has diminished in recent decades. Some studies indicate that while January has occasionally shown strong performance, it is not consistently the well-performing month. This decline may be attributed to increased market efficiency and the widespread awareness of the effect, leading investors to adjust their strategies accordingly. Some believe that “as January, so goes the year.” However, Fidelity analysis of the FTSE 100 index from its inception in 1984 reveals mixed results. Out of 22 years when the index rose in January, it continued to produce positive returns for the remainder of the year on 16 occasions. Conversely, in the 18 years when January returns were negative, the index still gained in 11 of those years. Check how small-cap stocks behave compared to market leaders. Factors Driving the January Effect on Stocks The January effect is often attributed to a mix of behavioural, institutional, and tax-related factors that create a unique environment for stock market activity at the start of the year. Here’s a breakdown of the key drivers behind this phenomenon: Tax-Loss Selling At the end of the calendar year, many traders sell underperforming stocks to offset gains for tax purposes. This creates selling pressure in December, especially on smaller, less liquid stocks. When January arrives, these same stocks often experience renewed buying as traders reinvest their capital, pushing prices higher. Window Dressing by Institutions Institutional investors, such as fund managers, often adjust portfolios before year-end to make them look more attractive to clients, a practice called "window dressing." In January, they may rebalance portfolios by purchasing undervalued or smaller-cap stocks, contributing to price increases. New Year Optimism Behavioural psychology plays a role too. January marks a fresh start, and traders often approach the market with renewed confidence and optimism. This sentiment can lead to increased buying activity, particularly in assets perceived as undervalued. Seasonal Cash Inflows January is typically a time for inflows into investment accounts, as individuals allocate year-end bonuses or begin new savings plans. These funds often flow into the stock market, adding liquidity and supporting upward price momentum. Market Inefficiencies in Small-Caps Smaller companies often experience less analyst coverage and institutional attention, leading to so-called inefficiencies. These inefficiencies can be magnified during the January effect, as increased demand for these stocks creates sharper price movements. Why the January Effect Might Be Less Relevant The January effect, while historically significant, has become less prominent in modern markets. A key reason for this is the rise of market efficiency. As markets have become more transparent and accessible, traders and institutional investors have identified and acted on seasonal trends like the January effect, reducing their impact. In financial markets, the more a pattern is exploited, the less reliable it becomes over time. Algorithmic trading is another factor. Advanced algorithms can analyse seasonal trends in real-time and execute trades far more efficiently than human traders. This means the potential price movements associated with the January effect are often priced in before they have a chance to fully develop, leaving little room for manual traders to capitalise on them. Regulatory changes have also played a role. For instance, tax reforms in some countries have altered the incentives around year-end tax-loss harvesting, one of the primary drivers of the January effect. Without significant December selling, the reinvestment-driven rally in January may lose its momentum. Finally, globalisation has diluted the January effect. With global markets interconnected, price trends are no longer driven by isolated local factors. International flows and round-the-clock trading contribute to a more balanced market environment, reducing the impact of seasonal trends. How Traders Respond to the January Effect in the Stock Market Traders often pay close attention to seasonal trends like the January effect, using them as one of many tools in their market analysis. While it’s not a guarantee, the potential for small-cap stocks to rise in January offers insights into how some market participants adjust their strategies. Here are ways traders typically respond to this phenomenon: 1. Focusing on Small-Cap Stocks The January effect has historically been more pronounced in small-cap stocks. Traders analysing this trend often look for undervalued or overlooked small-cap companies with strong fundamentals. These stocks tend to experience sharper price movements due to their lower liquidity and higher susceptibility to seasonal buying pressure. 2. Positioning Ahead of January Some traders aim to capitalise on the January effect by opening a long position on small-cap stocks in late December, possibly during a Santa Claus rally, anticipating that reinvestment activity and optimism in January will drive prices up. This approach is not without risks, as not all stocks or markets exhibit the effect consistently. 3. Sector and Industry Analysis Certain sectors, such as technology or emerging industries, may show stronger seasonal performance in January. Traders often research historical data to identify which sectors have benefited most and align their trades accordingly. 4. Potential Opportunities Active traders might view the January effect as an opportunity for shorter-term trades. The focus is often on timing price movements during the month, using technical analysis to identify entry and exit points based on volume trends or momentum shifts. 5. Risk Management Adjustments While responding to the January effect, traders emphasise potential risk management measures. Seasonal trends can be unreliable, so diversification and smaller position sizes are often used to potentially limit exposure to downside risks. 6. Incorporating It Into Broader Strategies For many, the January effect is not a standalone signal but part of a larger seasonal analysis. It’s often combined with other factors like earnings reports, economic data, or geopolitical developments to form a more comprehensive approach. The Bottom Line The January effect remains an intriguing market trend, offering insights into seasonal stock movements and trader behaviour. While its relevance may have shifted over time, understanding it can add value to market analysis. For those looking to trade stock CFDs and explore potential seasonal trading opportunities, open an FXOpen account to access a broker with more than 700 markets, low costs, and fast execution speeds. FAQ What Is the Stock Market January Effect? The January effect refers to a historical pattern where stock prices, particularly small-cap stocks, tend to rise in January. This trend is often linked to tax-loss selling in December, portfolio rebalancing, and renewed investor optimism at the start of the year. What Happens to Stock Prices in January? In January, stock prices, especially for smaller companies, may experience an uptick due to increased buying activity, caused by a mix of factors, including tax-loss selling, “window dressing”, seasonal cash inflow, new year optimism, and market inefficiencies in small caps. However, this isn’t guaranteed and depends on various contextual factors. Is December a Good Month for Stocks? December is often positive for stocks, driven by the “Santa Claus rally,” where prices rise in the final weeks of the year. However, tax-loss selling, overall market sentiment and geopolitical and economic shifts can create mixed outcomes for the stock market, especially for small-cap stocks. Is New Year's Eve a Stock Market Holiday? No, the stock market is typically open for a shortened trading session on New Year's Eve. Normal trading hours resume after the New Year holiday. Which Months Could Be the Best for Stocks? According to theory, November through April, including January, have been months when stocks performed well. This trend is often attributed to seasonal factors and increased investor activity. However, trends change over time due to increasing market transparency and accessibility. Therefore, traders shouldn’t rely on statistics and should conduct comprehensive research. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:SPXMEducation
by FXOpen
1
DXY - OVERBOUGHT = Risk On in Near Term = GainsThe DXY RSI levels are approaching overbought territory. Don't need to over think this one. I'm looking for a mean reversion. On average, it appears a DXY pull back is +/-12%. $102-$98 is the level I'm watching for the short/medium term for the DXY. I imagine it strengthens again in the future, but it's offside at the current moment. Stonks, BTC, & Crypto are looking prime for a risk on environment & substantial gains - for at least the short to medium term - if the DXY sells off. Either way, it's looking like the DXY will need to mean revert in the near term. BULLISH.
TVC:DXYLong
by BitInfo12
Good Results makes Reliance a great oppertunityReliance Industries Ltd. engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, FMCG, and telecommunications, Digital Entertainment and Media. Reliance is one of the biggest Indian companies and vivid sectoral presence. Reliance Industries Ltd. CMP is 1302.35. The Positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Annual Net Profits improving for last 2 years. The Negative aspects of the company are high Valuation (P.E. = 25.5) and Declining Net Cash Flow. Entry can be taken after closing above 1303 Targets in the stock will be 1355, 1378, 1414 and 1451. The long-term target in the stock will be 1522 and 1556+ Stop loss in the stock should be maintained at Closing below 1184. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:RELIANCELong
by Happy_Candles_Investment
Ambika Cotton Looking strong on weekly chart. Ambika Cotton Mills Ltd. engages in the provision of manufacturing and selling of cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Ambika Cotton Mills Ltd. CMP is 1581.05. The Positive aspects of the company are Attractive Valuation (P.E. = 14), Company with Zero Promoter Pledge, Company with Low Debt and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are Increasing Trend in Non-Core Income, Stocks Underperforming their Industry Price Change in the Quarter, and Annual net profit declining for last 2 years. Entry can be taken after closing above 1589 and compounding above 1630 closing. Targets in the stock will be 1714 and 1760. The long-term target in the stock will be 1868 and 1906+. Stop loss in the stock should be maintained at Closing below 1467 or 1382 depending on your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:AMBIKCOLong
by Happy_Candles_Investment
S&P 500 Daily Chart Analysis For Week of Jan 17, 2025Technical Analysis and Outlook: During the recent trading session, the S&P 500 attained our designated downside target of Mean Support at 5775, which initiated a robust rally. This rally enabled the index to reach our target of Mean Resistance at 5920 and advance further to the newly identified Mean Resistance at 6035. The market is currently exhibiting strong and consistent upward movement. The bullish trend appears poised to continue towards our subsequent target, the Outer Index Rally at 6123, which will be approached via Key Resistance at 6090. Following that, additional targets of 6233 and 6418 are also anticipated. However, it is essential to acknowledge that reaching the initial rally level and the subsequent targets will result in a price pullback. Such a pullback is expected to prepare the market for the next phase of the bullish trend.
SP:SPX
by TradeSelecter
ELIT - LOW CHEATELIT - LOW CHEAT (+): 1. Low risk entry point 2. Volume dries up 3. Price above MA 50 > 150 > 200 over 10 weeks 4. Price is within 25% of 52 weeks high 6. Price is over 30% of 52 weeks low 7. 200 day MA trending up over 1 month 8. RS Rating is over 70 (82) 9. Stock build VCP Characteristic Try to Adding with some basic fundamental about EPS growth: a. Quarterly QoQ: +31.29% b. Quarterly YoY: 653.96% c. Annual YoY: +75.48% d. TTM YoY: +220.19% (-): 1. Stock not confirm on stage 2 uptrend if not break the blue line Note: - Consider to add some position if break the blue line - Market look bottoming, just wait this stock to breakout with high volume
IDX:ELIT
by The_small_money