MICROSOFT has bottomed. Dont miss this once/year buy opportunityMicrosoft (MSFT) has been trading within a Fibonacci Channel Up since the October 2022 market bottom following the Inflation Crisis. Since the August 05 2024 Low on the 1W MA50 (blue trend-line), the stock has struggled to get detached from it and stage a sustainable rally.
This prolonged volatility can be seen however on both previous Lows of the Channel Up, while the price was attempting to price a bottom. Technically it is around the same levels as February - March 2023 (again below the 1W MA50).
As you can see, this kind of buy opportunity emerges roughly once a year on MSFT and posts a rise or roughly +50% from the bottom, with the last Higher High priced on the 1.5 Fibonacci extension.
As a result, our long-term Target is now set at $550.
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Stocks
Nvidia [NVDA] Top is in!! [S #1]----------------------------------------------------------------------------------------------
**First off, I have not posted in a while but the good news is I plan to become active and post consistently!
I will be providing high quality signals, and only signals and analysis that I personally find worth showing. Any smaller less likely to succeed trades I will be avoiding.
This will be a new series of content, I will label posts depending on category:
= Signal (Expect clear and direct post, I will not be showing or explaining much of the TA)
= Educative Post (I will be showing my Technical Analysis (TA) and teaching how it works)
Since this is a new series of posts, I will label this post as the first signal (S #1)
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***ALL ANALYSIS, SIGNALS, AND ANY CONTENT IS FOR EDUCATIONAL PURPOSES
ONLY AND ARE NOT MEANT TO BE PROFITED OFF.***
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Current Price which is $140,25 at market close, and $140.30 during the pre market.
It is already starting to dip a bit during the pre market!
This Signal is based from bearish divergences, price action, miscellaneous bear flags, and my special indicator.
$135.24
$127.87
$122.71
Tight Stop loss: $142.52
Good Stop loss: $144.50
Loose Stop loss: $146.20
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***ALL ANALYSIS, SIGNALS, AND ANY CONTENT IS FOR EDUCATIONAL PURPOSES
ONLY AND ARE NOT MEANT TO BE PROFITED OFF.***
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COSTCO: 4H MA50-200 squeeze is forming the bottom.Costco is neutral on its 1D technical outlook (RSI = 49.149, MACD = -2.870, ADX = 33.443) as the price is trading inside the 4H MA50-MA200 range. This is taking place right at the bottom of the year long Channel Up, which has formed the previous two HL exactly on the 4H MA200. Coupled with a 4H MACD Bullish Cross, this is technically the new bottom formation. Our target is at least a +16.30% repeat (TP = 1,000).
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NVIDIA on the Move: Key Levels to Watch! NVIDIA’s setting up for some action: we’re looking at a run to $143.60, but if we break through, we could be cruising up to the $150–$153 range! On the flip side, if we slip below $129.72, brace yourself—$117 could be on deck. Let’s keep it simple and see how it plays out!"
Easy Breakdown for the Trade
Current Target: $143.60
Right now, NVIDIA’s aiming at $143.60. If buyers keep stepping in, this is the first level we’re likely to hit. Think of it as the “first checkpoint” for our bullish move.
The Bullish Range: $150–$153
Breaking past $143.60 could open up a fresh wave of momentum. If we get through this level with some energy, then NVIDIA could quickly head up to the $150–$153 range. This is the zone where we’d see if buyers are still strong, so keep it on your radar if we reach it.
Critical Support at $129.72
Now, here’s the key to the downside. $129.72 is the level holding NVIDIA up right now. If we lose this support, it’s a signal that sellers have taken control. This could mean a strong dip is in the works.
Downside Target: $117
If we break $129.72, the next realistic target to the downside is $117. It’s a significant drop, but definitely within range if support doesn’t hold.
Trading Tip
Mark your levels and watch for those breaks! $143.60 is our short-term target, and if we clear it, we’re looking up to $150–$153. But if NVIDIA slips below $129.72, $117 becomes a real possibility. Keep it flexible, and trade the levels!
Mindbloome Trading / Kris
Mindbloome Exchange
Transforming Urban Mobility Through Innovation (MUST READ)In the early 21st century, urban transportation underwent a significant transformation, largely due to the innovative approaches of Uber, Grab, and Ryde. These companies not only redefined ride-hailing but also expanded into comprehensive platforms offering diverse services.
Uber – From a Simple Idea to a Global Phenomenon
Uber's inception traces back to 2008 in Paris, where co-founders Travis Kalanick and Garrett Camp, after facing difficulties in hailing a cab, envisioned a service that allowed users to request rides via a mobile application.
This concept materialised in 2009 with the launch of UberCab in San Francisco, providing a platform that connected passengers with drivers of luxury vehicles. The service quickly gained popularity for its convenience and efficiency. By 2010, Uber had officially launched in San Francisco, and in 2011, it expanded to New York City, marking the beginning of its rapid global growth.
The introduction of UberX in 2012, which allowed non-professional drivers to offer rides, significantly reduced costs and broadened the user base. Despite facing regulatory challenges and competition, Uber continued to innovate, introducing services like UberEats for food delivery and Uber Freight for logistics. In 2019, Uber went public, solidifying its position as a leader in the ride-hailing industry. As of November 2024, Uber's market capitalisation stands at approximately $154.24 billion, reflecting its substantial growth and influence in the global market.
Grab – Southeast Asia's Super-App Evolution
In Southeast Asia, Grab's journey began in 2012 when Anthony Tan and Tan Hooi Ling, inspired by the challenges of the local taxi industry, launched MyTeksi in Malaysia. The app aimed to improve safety and efficiency in taxi services.
Recognising the diverse needs of Southeast Asian consumers, Grab expanded its services beyond ride-hailing. It introduced GrabBike for motorcycle taxis, GrabFood for food delivery, and GrabPay for digital payments, evolving into a comprehensive super-app.
A significant milestone was reached in 2018 when Grab acquired Uber's Southeast Asian operations, solidifying its dominance in the region. In 2021, Grab went public through a merger with a special purpose acquisition company (SPAC), marking one of the largest SPAC deals at the time. As of November 2024, Grab's market capitalisation is approximately $16.12 billion, underscoring its significant presence in the Southeast Asian market.
Ryde – Singapore's Emerging Contender
Founded in 2014 by Terence Zou, Ryde began as a carpooling platform in Singapore, aiming to offer a cost-effective and eco-friendly alternative to traditional ride-hailing services. Over the years, Ryde expanded its offerings to include private-hire car services, catering to a broader customer base. In March 2024, Ryde made history by becoming Singapore's first ride-hailing startup to list on the New York Stock Exchange under the ticker symbol "RYDE."
Despite its smaller scale compared to industry giants Uber and Grab, Ryde has shown potential for growth. As of November 2024, Ryde's market capitalisation stands at approximately $15 million. The company's focus on niche markets and commitment to innovation position it as a promising player in the ride-hailing industry. Ryde still has a huge room to grow, as compared to its other peers.
S&P 500 Daily Chart Analysis For Week of Nov 1, 2024Technical Analysis and Outlook:
During the current trading session, the S&P 500 index exhibited considerable weakness by completing the Inner Index Dip at 5733, in conjunction with the Mean Support level of 5798, while leaving the gap by not reaching the secondary Mean Support level of 5700. This development of fulfilling the gap will likely stimulate a significant rebound toward the Mean Resistance level of 5775, with the possibility of further extension. The 5700 support level is critical for facilitating a primary recovery and advancing into the subsequent phase of the bullish trend. However, it is imperative to acknowledge that achieving and penetrating the 5700 level could instigate a downward spiral in price action to Mean Sup 5620.
UnitedHealth Group Incorporated (daily - log)Hello community,
Small daily analysis in log.
The trend is bullish, we have a gap lately that should be filled logically.
I have indicated on the graph the three accumulation zones.
Graphically, it's beautiful.
We are at the bottom of the regression line channel, we will have to watch that it does not break down.
Make your opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
SWING IDEA - CAR TRADE TECHCarTrade Tech is showing a promising swing trade setup based on the following key technical signals.
Reasons are listed below :
Break of Cup and Handle Pattern : The price is attempting to break out of a classic cup and handle pattern, which is a strong bullish continuation signal.
950 Zone Tested Multiple Times : The 950 zone has been tested repeatedly, indicating it is a strong resistance level. A breakout above this level could result in further upward momentum.
VCP Pattern in Uptrend : A Volatility Contraction Pattern (VCP) is forming, which suggests tightening price action and may lead to a breakout if volatility decreases and buying pressure increases.
Bullish Engulfing Candle on Weekly Timeframe : A bullish engulfing candle on the weekly chart reinforces the potential for an upward move, showing strong buying interest.
Increase in Volumes : A noticeable spike in volumes supports the bullish sentiment and confirms that market participants are actively involved in this move.
Higher Lows : The lows are consistently shifting higher, indicating sustained buying pressure and upward momentum.
Target - 1110 // 1210 // 1400
Stoploss - weekly close below 750
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Apple(AAPL): Down 7% – Is This the Opportunity We’ve Waited For?Apple’s stock has experienced a 7% decline over the past 10 days. What’s behind this drop? The fall came despite Apple slightly beating analysts’ expectations for the September quarter, driven mainly by a rebound in iPhone sales. During the fourth-quarter earnings call, CEO Tim Cook discussed positive developments in China but declined to speculate on economic stimulus impacts, noting stable year-over-year performance, partially aided by favorable foreign exchange rates.
From a technical analysis perspective, everything is lining up perfectly. Our limit order remains unchanged. The formation of an exact double top points to the possibility of a flat pattern, which typically leads to a double bottom. This anticipated double bottom would align with the volume profile’s range high, offering additional support to key Fibonacci levels.
Our stop-loss placement is secure, positioned below the support zone and the Point of Control (POC). We’ve set a time horizon for the wave ((ii)) to complete, and we believe this setup could result in a promising swing long position heading into Q1 or Q2 of 2025. If the chart develops as we hope, there may even be an opportunity to open a short position to hedge our long exposure. Until then, we’re prepared for another potential 12% drop, waiting patiently to execute our plan.
Intel (INTC): Patience is key while the market is rangingNothing significant has changed on NASDAQ:INTC since our last analysis. It appears that Intel may have found a bottom at the 88.2% Fibonacci level, but the stock has remained in a range since then. Unless the resistance level above is reclaimed, we wouldn’t be surprised to see continued ranging behavior.
Even Intel’s latest earnings report didn’t create much movement. Despite posting a considerable net loss due to impairment and restructuring charges, Intel projected fourth-quarter revenue above estimates. As one of the largest producers of PC chips, Intel has recently benefited from renewed demand for PCs, driven by on-device AI features and a fresh Windows update cycle. These factors allowed Intel to exceed Wall Street’s low expectations, but not enough to break the current range.
We’ll continue to monitor NASDAQ:INTC , but as it stands, trying to long it into the overhead resistance doesn’t make sense from our perspective. Patience is often the best strategy in such uncertain market conditions.
Super Micro Computer (SMCI): Strong Entry After Stock SplitSo far, we’re seeing a strong entry on NASDAQ:SMCI following the 1:10 stock split at the beginning of October. The stock has experienced a relief pump of about 20%, which is a solid move in the right direction. 🔥
Super Micro Computer announced on Monday that it’s currently shipping over 100,000 graphics processors per quarter. Additionally, the company introduced a new suite of liquid cooling products, which further fueled its shares, pushing them up 14% after weeks of slumping. If these gains hold, Super Micro is on track to add more than $3 billion to its market value.
At this point, the first resistance level has been met, and we are closely monitoring how the stock reacts. If NASDAQ:SMCI can reclaim and stay above this level, it will likely move toward the next resistance area, offering more potential for upside.
As always, we’re keeping a close eye on developments and will update you with any new moves.
Amazon - The +150% All Time High Breakout!Amazon ( NASDAQ:AMZN ) is hugging the previous all time high:
Click chart above to see the detailed analysis👆🏻
Amazon has been moving sideways for almost four years, consolidating between support and the previous all time high. After retesting the resistance over and over again, it is just a matter of time until Amazon will break the previous all time high and start its next major bullish cycle.
Levels to watch: $190, $500
Keep your long term vision,
Philip (BasicTrading)
Sensex Support and Resistance Levels for Better Trading DecisiI’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.
AMD Can it survive this horrific week?On August 13 (see chart below) we called the start of the new long-term Bullish Leg on Advanced Micro Devices (AMD), as a week before it entered the 2-year Higher Lows Zone and rebounded:
Still, the road (green Channel Up) isn't without its hurdles, and one of them is this week where the price is again being brutally sold towards the Higher Lows Zone. Notice that during the previous 2-week correction (August 26 - September 03 1W candles), the Zone's top was tested and held.
As a result, the multi-year trend remains bullish and will be this way for as long as the Higher Lows Zone holds.
It is interesting to observe at this point that the Bearish Phase of this pattern (March 04 - August 05) was in the shape of a Bearish Megaphone and can be compared to the one that bottomed on October 10 2022 and practically started the new Bull Cycle.
Notice also that so far each Bullish Leg (green Channel Up) rose by +141.87%. Within this comparison, and if we plot the Fibonacci levels from the Leg's bottom to top, we can see that the first Bullish Leg also had a rejection on the 0.618 Fib level and pull-back below the 0.786 into the Higher Lows Zone.
Obviously the current correction isn't ideal but it is not something we haven't seen and is within the tolerance levels of this 2-year pattern.
We expect another +141.87% rally to be concluded on this Bullish Leg, so our Target is straight up $295.00.
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META on a new expansion wave to $800.Meta Platforms / META is pulling back again to test the 1day MA50, which has been holding since September 11th.
The pattern is quite similar to the January 2nd 2024 pull back, a bullish break out that also took place after a prolonged consolidation pattern.
The 1week RSI patterns between the two are also fairly similar.
As long as the 1day MA50 holds, we expect META to stay on this expansion wave.
Target $800 which is a +93.92% rise from the bottom, the rise that formed the previosu peak (April 8th 2024).
Previous chart:
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Marathon Digital Holdings (MARA) AnalysisCompany Overview: Marathon Digital Holdings NASDAQ:MARA is a key player in the cryptocurrency mining sector, particularly focused on Bitcoin production. The company has shown resilience and operational strength in its mining activities, making it well-positioned for future growth.
Key Developments:
Positive Analyst Ratings: Analysts from Macquarie and Cantor Fitzgerald have set price targets above $20, indicating strong growth potential for Marathon Digital. This reflects growing confidence in the company's operational and market strategies.
Increased Bitcoin Production: In September 2024, Marathon reported a 5% increase in Bitcoin production, reinforcing its operational strength. Additionally, the company achieved a 28% increase in Q1 2024 production, yielding 2,811 BTC compared to the same quarter in 2023. This efficiency in production underlines Marathon’s capacity to scale effectively in a competitive market.
Favorable Cryptocurrency Market: With Bitcoin recently surpassing $67,000, the broader cryptocurrency market is showing favorable conditions. This surge allows MARA to capitalize on increased investor interest in crypto stocks, positioning the company for substantial market gains.
Investment Outlook: Bullish Outlook: We are bullish on MARA above the $16.00-$17.00 range, driven by the company’s production efficiency and favorable market conditions. Upside Potential: Our target for Marathon Digital is set at $32.00-$33.00, supported by positive analyst sentiment and operational achievements.
🚀 MARA—Mining for Tomorrow's Success! #Cryptocurrency #BitcoinMining #GrowthPotential
NVDIA Don't miss this opportunity. Can even reach $240.NVDIA (NVDA) gave us the most solid buy entry back on our August 08 signal (see chart below), following a -35% decline:
Such declines are standard technical buy opportunities especially when taken place at the bottom (Higher Lows trend-line) of the 2-year Channel Up (since October 2022). As you can see, the stock made new All Time Highs (ATH) and as it remains below the middle of the Channel, the upwards potential is significant.
As long as the 1D MA200 (orange trend-line) supports, we remain bullish on our original long-term Target ($190.00) but now we feel confident to target by the start of 2025 the upper layer of the pattern, setting Target 2 at $240.00 (Fibonacci extension 3.0).
Note also that, as mentioned on our previous analysis, the current Bullish Leg continues to look very similar to the one that bottomed on October 2022. This is also evident on their 1D RSI fractals.
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Nightly $SPY Prediction for 10.31.2024🔮
⏰7:30am
Challenger Job Cuts y/y
⏰8:30am
Core PCE Price Index m/m
Employment Cost Index q/q
Unemployment Claims
Personal Income m/m
Personal Spending m/m
⏰9:45am
Chicago PMI
⏰10:30am
Natural Gas Storage
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
Nightly $SPY Prediction for 10.31.2024🔮
⏰7:30am
Challenger Job Cuts y/y
⏰8:30am
Core PCE Price Index m/m
Employment Cost Index q/q
Unemployment Claims
Personal Income m/m
Personal Spending m/m
⏰9:45am
Chicago PMI
⏰10:30am
Natural Gas Storage
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
DAX Bearish Breakout! Sell!
Hello,Traders!
DAX was trading in an
Uptrend along the rising
Support but now we are
Seeing a bearish breakout
So we are locally bearish
Biased and we will be
Expecting a further move down
Sell!
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Check out other forecasts below too!
Amd - Break, Retest And New All Time Highs!Amd ( NASDAQ:AMD ) is about to start another +100% rally:
Click chart above to see the detailed analysis👆🏻
Amd just retested and rejected a major previous horizontal structure and is starting the next major bullish wave towards the upside. Looking at previous cycles and the rising channel pattern, it is quite likely that Amd will follow Nvidia and create new all time highs soon.
Levels to watch: $130, $270
Keep your long term vision,
Philip (BasicTrading)
COINBASE Can it recover from yet another earnings miss?Coinbase / COIN reported today earnings that missed their estimates (EPS at 0.28 against 0.45 and Revenue at 1.2B against 1.25B) and dropped more than -5% in after hours trading.
This is the second seccessive earnings miss for the company.
Despite yet another misfire, we believe the exchange can recovery from it, purely from a technical standpoint.
Since the January 2023 bottom, it has maintained a Channel Up. During that pattern, every 1week MACD Bullish Cross formation was a strong buy opportunity, signaling the start of a bullish leg.
By the end of this week, the 1week MACD should complete a Bullish Cross.
As the price held the Rising Support and is climbing, we see no reason that can alter the new bullish leg.
The shortest bullish leg on this Channel Up was +146.79% and another such 'bad case scenario' will almost test Resistance A.
Our target is just under it at 360.00.
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