Stocks
META: Rising Wedge breaking aims at $900Meta Platforms is bullish on its 1D technical outlook (RSI = 60.713, MACD = 12.470, ADX = 49.506), extending the uptrend inside the Rising Wedge that started in July. Technically that pattern is part of the larger Channel Up that dates more than a year back. That also started on a Rising Wedge, which when it broke, it made a +68.89% rise to a HH. So with the 1W RSI on a similar Bullish Cross, we expect the Rising Wedge to break soon and rise by more than +68% (TP = $900.00).
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Amazon - This Could Be The Breakout Rally!Amazon ( NASDAQ:AMZN ) is creating a major breakout:
Click chart above to see the detailed analysis👆🏻
With this monthly candle, Amazon is finally breaking above the previous all time highs and could therefore start the next major bullish cycle. After a 5 year consolidation, a confirmed breakout will lead to an unbelievable short squeeze, which could bring us all the way up to the top of the channel.
Levels to watch: $200, $500
Keep your long term vision,
Philip (BasicTrading)
BROADCOM made a Top on the 2year Channel. Potential danger aheadExactly 1 month ago (November 18, see chart below) we gave the buy signal on Broadcom Inc. (AVGO), which turned out to be a big success as shortly after the stock catapulted past our $223 Target:
This time however we share with you an analysis that is calling for profit taking on this amazing rally as technically it is coming to an end. The price hit yesterday the top (Higher Highs trend-line) of the 2-year Channel Up, which has approached another 3 times during that time.
As you can see, the pattern's structured Legs and Phases are cyclical and repeat themselves. The current Top seems to be similar to the previous Highs (orange circles) that initiated the re-accumulation phases before resuming the uptrend for the final top (red circles) of the Bullish Leg.
Both of those pre-Top Highs (orange circles) and their re-accumulation phases that followed, touched the 1D MA200 (orange trend-line) before the final rally of the Bullish Leg. As a result, we won't turn bullish again on AVGO until it tests the 1D MA200 again, which given the aggression of the recent pump, the pull-back could be equally strong.
After the re-accumulation Phase is completed, we will resume our long-term bullish Target of $285.00. That represents a +121.85% rise from the August 05 2024 Low, which is the % rise that both previous Bullish Legs had.
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UNTR - CUP WITH HANDLEIDX:UNTR CUP WITH HANDLE
13-12-2024
(+):
1. Low risk entry point on nice drifting handle
2. Price above MA 50 > 150 > 200 over 10 weeks
3. Price is within 25% of 52 weeks high
4. Price is over 30% of 52 weeks low
5. 200 day MA trending up over 1 month
6. RS Rating is over 70 (79)
7. Price break major downtrend, it's mean the stock started on Stage 2 uptrend
(-):
1. The stock is slow mover, it will take a while to reach the target
2. The volume when the stock is breaking out not quite big
Note:
Volume not dries up cause of big capital stock, some of big capital stocks doesn't need to dries up their volume
$AMD DOUBLE BOTTOM EASY $175 BY NEXT EARNINGA double bottom pattern is a traditional technical analysis chart formation that signifies a significant trend reversal and a shift in momentum from a previous downward movement in market trading. It depicts a security or index experiencing an initial decline, followed by a rebound, then another decline to a level similar to the initial drop, and finally a subsequent rebound that may lead to a new uptrend.
- PlayStation 6 Processor Contract : NASDAQ:AMD has secured the contract to supply processors for the upcoming PlayStation 6, surpassing Intel. This agreement ensures the sale of millions of custom chips and generates billions in revenue, solidifying AMD's position in the gaming console market.
- Strong Financial Performance: NASDAQ:AMD reported remarkable revenue growth, with a 17.57% increase in the third quarter of 2024. This performance underscores AMD's robust market position and profitability.
-AI and Semiconductor Supercycle: The semiconductor industry, including NASDAQ:AMD , is poised to benefit from the rising demand for AI-related products and services. This trend is expected to drive further growth and profitability for AMD.
Positive Analyst Ratings: Numerous analysts have given NASDAQ:AMD a "Strong Buy" rating, with price targets ranging from $155 to $250. This optimistic outlook suggests significant potential gains in AMD's stock value.
AS OF 12/16/2024
RSI (14) 33.31
52W Low 3.99%
Eicher Motors might motor along. Eicher Motors Ltd. engages in the development, design, manufacture, assembly and sale of two-wheelers, as well as related parts and accessories. It operates through Domestic and Overseas geographical segments. The Domestic segment includes sales and services to customers located in India. The Overseas segment includes sales and services rendered to customers located outside India.
Eicher Motors Ltd. CMP is 4838.50. The Positive aspects of the company are Company with Low Debt, Company able to generate Net Cash - Improving Net Cash Flow, Company with Zero Promoter Pledge. The Negative aspects of the company are high Valuation (P.E. = 31.1), Promoter decreasing their shareholding, Companies with growing costs YoY for long term projects, De-growth in Revenue, Profits and Operating Profit Margin and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 4843 Targets in the stock will be 4931 and 4991. The long-term target in the stock will be 5059 and 5119. Stop loss in the stock should be maintained at Closing below 4603 or 4481 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. 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. 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.
JSW Energy looking Energetic JSW Energy Ltd. engages in the business of power generation. It operates through the following business segments: Power Generation, Power Transmission, and Power Trading.
JSW Energy Ltd. CMP is 688.95. The Positive aspects of the company are Company with decreasing Promoter pledge, High Volume, High Gain, Top Gainers and High Momentum Scores. The Negative aspects of the company are extremely high Valuation (P.E. = 61.5), Companies with Increasing Debt, Increasing Trend in Non-Core Income, High promoter stock pledges.
Entry can be taken after closing above 701 Targets in the stock will be 719, 738 and 756. The long-term target in the stock will be 773, 792 and 809. Stop loss in the stock should be maintained at Closing below 642 or 582 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. 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. 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.
Micron Technology - This Stock Will Double Soon!Micron Technology ( NASDAQ:MU ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
After we saw a test of the resistance trendline on Micron Technology a couple of months ago, it was quite likely that we will eventually retest the previous all time high. This structure is now acting as massive support and together with the rising trendline, we will see a bullish rejection.
Levels to watch: $90, $180
Keep your long term vision,
Philip (BasicTrading)
Micron (MU) is Heating Up! Breakout at $114.52 and Soar UP Key Levels to Watch:
Breakout Level: $114.52
Retracement Target: $122
Major Resistance Levels:
First Target: $140
Final Target: $170
What to Expect:
If MU can break and close above $114.52, we could see a retracement to $122, creating a solid base for the next leg up. Once it clears $140, the path to $170 becomes much clearer. This level will be critical for the bulls, and if it’s breached, MU could be in for an exciting run!
Kris/ Mindbloome Exchange
Trade What You See
JBLU: Anticipating a Pullback for a Strategic EntryI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
JetBlue Airways Corporation ( NASDAQ:JBLU ): Anticipating a Pullback for a Strategic Entry
Trade Setup:
- Anticipated Entry Price: $5.27
- Stop-Loss: $3.72
- Take-Profit Targets:
- TP1: $9.52
- TP2: $14.23
Company Overview:
JetBlue Airways Corporation ( NASDAQ:JBLU ) continues to work toward recovery in a challenging airline market. While the stock is currently trading at $7.16, the anticipated pullback to $5.27 would provide an attractive entry point for traders seeking to capitalize on a recovery in passenger volumes and operational improvements.
Earnings Reports:
- Q3 2024 revenues came in at **$2.5 billion**, a **6.5% year-over-year increase**, supported by higher passenger demand.
- Improved cost management resulted in **$185 million in net income**, reflecting significant progress compared to losses in previous periods.
Valuation Metrics:
- Price-to-Earnings (P/E) Ratio: **12.4**, highlighting potential undervaluation relative to peers.
- Price-to-Book (P/B) Ratio: **0.8**, suggesting upside potential as the stock remains below its book value.
Market News:
- JetBlue is expanding international routes, aiming for higher revenue streams through underserved markets.
- Continued cost-cutting measures and improved operational efficiency are likely to strengthen the company’s financial health over time.
Technical Analysis (Daily Timeframe):
- Current Price: $7.16
- Moving Averages:
- 50-Day SMA: $6.50
- 200-Day SMA: $6.80
- Relative Strength Index (RSI): Currently at 65, signaling that the current rally could soon face resistance and lead to a pullback.
- Support and Resistance Levels:
- Immediate Support: $6.50
- Anticipated Support: $5.27 (entry target)
- Resistance: $7.50
With NASDAQ:JBLU currently trading above $7.00, the RSI suggests overbought conditions, increasing the likelihood of a short-term pullback. The expected entry at $5.27 aligns with prior support levels, making it an ideal price for a recovery-focused setup.
Risk Management:
A stop-loss at $3.72 minimizes downside exposure, while take-profit targets at $9.52 and $14.23 offer significant upside potential of **80%** and **170%**, respectively, from the anticipated entry point.
Key Takeaways:
- Awaiting a pullback to $5.27 for an ideal entry point into NASDAQ:JBLU ’s recovery story.
- Favorable risk-to-reward ratios make this a compelling opportunity for both swing and long-term investors.
- Patience and strict adherence to the trade setup are essential for capturing this move.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
NVIDIA Update: Big Levels to WatchHere’s the deal with NVDA right now:
1)If it keeps dropping, we’re looking at a move down to $130–$127.
2)But if it can break above $139, we could see it climb to $145 or higher.
It all comes down to whether $139 holds strong or if the price slips lower. Just keep an eye on those levels and let the market do its thing!
Kris/Mindbloome Exchange
Trade What You See
Tesla’s Next Move: Breakout or Pullback?Tesla’s sitting at a make-or-break level around $441. If we break through, we could be heading straight for $458. But if $441 doesn’t budge, we’re likely dipping back to the $415–$420 range for a breather.
Keep it simple: Watch $441. If it holds, look for the breakout. If not, stay ready for a pullback. Trading’s all about playing the levels—no need to overthink it!
KRIS/Mindbloome Exchange
Trade What You See
NVDIA Why buying in December is an excellent strategy.NVIDIA corporation (NVDA) has entered the 2nd half of December below its 1D MA50 (blue trend-line). On any other occasion that would've been alarming, for NVDIA however this presents the best long-term buy opportunity in a while.
The reason is simple and has to do with the amazing symmetry that the 2-year Channel Up (which NVDIA has been trading in) displays. Despite breaking below the 1D MA50, the price is still contained within the Channel Up, in fact it is very close to making direct contact with its Higher Lows trend-line. That would be a technical bottom, with the last Support marginally lower on the 1D MA200 (orange trend-line).
On this pattern, we can see that the stock's price action is highly systemic and can be classified into the: a) Accumulation Phase (Rectangle) where the market engages into long-term long positioning again after the Channel Up tops (forms a Higher Highs) and b) the Bull Phase (green Channel Up) where the price enters the aggressive rally of the long-term Channel's Bullish Leg.
As you can see, the previous two Bullish Legs have risen by roughly +257.68%, one from the bottom of the Accumulation Phase (Leg 2) and the other from its December bottom (Leg 1). It is also quite evident on this chart that the month of December plays a critical significance for NDVIA. On December 2022 and December 2023 the true rally sequences of the Bullish Legs started.
As a result, we can expect this sideways, neutral price action that the company has been having lately to bottom by the end of December (2024) and initiate the hyper aggressive part of the new Bullish Leg (green Channel Up). Also, even if it repeats the less aggressive pattern of Leg 2 and rises by +257.68% from the Accumulation Phase's bottom, we can expect to see it rise by as high as $320 by this Summer.
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In-Depth Technical Review on Agape ATP Corporate (NASDAQ: ATPC)The following is the transcript of the ATPC analysis video.
Agape ATP Corporation’s (NASDAQ: ATPC) daily chart reflects a prolonged period of consolidation, following sharp price volatility earlier in the year.
Notably, the share price has stabilised around the $1.40 to $1.50 range for the past weeks, suggesting that a base may be forming after its earlier decline.
From a technical perspective, the MACD indicator provides valuable insight. The MACD line (represented in blue) has remained close to the signal line (orange) with minimal divergence, indicating a lack of decisive momentum for now.
Additionally, histogram bars oscillate around the zero line, suggesting that buying and selling pressures are relatively balanced.
Turning to the Relative Strength Index (RSI), the indicator is currently hovering around 46.7, which places it in the neutral zone. This suggests that the stock is neither overbought nor oversold, aligning with the lack of a clear directional trend.
A move above 50 could signal increasing bullish momentum, while a drop below 40 would reflect growing selling pressure.
Zooming out, the share price has been in a downtrend since mid-year but appears to have found a floor near the $1.40 level. While short-term volatility has subsided, the lack of volume and weak momentum indicators signal that traders are awaiting a catalyst to trigger the next significant price movement.
In summary, ATPC’s technical indicators – the flat MACD and neutral RSI – suggest the stock is currently in a consolidation phase. Moving forward, traders should monitor any significant breakout above resistance above USD 1.50 level for a trend reversion confirmation.
PSX : AVNTo predict the potential length of the third downtrend for Avanceon Ltd. (AVN), we can analyze the previous two downtrends and look for a pattern. Here’s a breakdown:
-First downtrend lasted 46 bars (69 days)
-Second downtrend lasted 48 bars (73 days)
Both downtrends are similar in length, with a slight increase between the first and second.
If we follow this pattern of slight growth in downtrend duration,
we can estimate based on historical patterns,
it’s reasonable to predict that the third downtrend could last approximately 74 to 78 days.