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SPX 500 Breaks Record High, Targets 5650US SPX 500 – technical overview Longer-term technical studies continue to look quite extended, begging for a deeper correction ahead. At the same time, the latest bullish breakout to a fresh record high beyond the 2024 high opens the door for the next measured move upside extension targeting the 5650 area. Key support comes in at 5194. R2 5500 – Round Number – Strong R1 5450 – 7 June/Record high – Medium S1 5321 – 7 June low – Medium S2 5194 – 31 May low – Strong US SPX 500 – fundamental overview Though we have seen a healthy adjustment of investor expectations towards the amount of rate cuts in 2024, the market still hopes policy will end up erring more towards the investor friendly, accommodative side of things. This bet has kept stocks well bid into dips and consistently pushing record highs. Still, if there is a sense the Fed will need to be more sensitive towards erring on the side of higher rates, it could invite major disruption to the stock market. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
BLACKBULL:SPX500
by BlackBull_Markets
Exxon Mobile (XOM): Awaiting Long Term Entry at $65Our group has recently revisited Exxon Mobil Corporation (XOM), and while there hasn't been much change, it's worth reassessing. The stock has entered the zone between 100% and 138%, which we identify as the level for Wave A and has respected this level. Long-Term Outlook: We anticipate a significant downward movement over the long term, potentially reaching the $65 level. This is where we plan to make substantial long-term purchases. The range between $65.50 and $64.40 has been consistently respected, reinforcing our strategy to wait for these levels before entering the market heavily. Short-Term Outlook: In the short term, Exxon has been trading within a range for nearly a year and a half. It briefly broke below this range to complete the larger Wave (A)and then broke above it to finish the sub-wave A. We are now entering a potential Wave B zone. Current Strategy: - Long-Term: We are waiting for the price to drop to the $65 range before making significant purchases. - Short-Term: We are monitoring the $104 to $100 zone, which looks attractive for a potential reversal. However, given the risk, we are not placing any entries yet and will wait to observe the market's reaction.
NYSE:XOMLong
by freeguy_by_wmc
WISE | Arrived To The Potential Reversal Area!Hi, A lot of criteria match inside the possible reversal box and it stays between 616-716: 1) The trendline. If this week closes deeper than the previous week then it is a bit weaker and the setup becomes also weaker. So, quite an important week for Wise. 2. Different types of Fib levels. 3. Channel projection 4. Equal pullback waves from the top 5. 700 as the most important prize zone within two years. Do your homework and if it matching with mine then you are ready to go. Good luck, Vaido
LSE:WISELong
by VaidoVeek
Phoenix Motor Inc. (PEV) - Cup with Handle and Potential Bull FlTechnical Analysis: Chart Patterns: Phoenix Motor Inc. (PEV) is currently forming a Cup with Handle pattern, a bullish continuation signal. Additionally, a Bull Flag pattern may also be emerging. Handle Formation: The handle of the Cup with Handle pattern is still forming, suggesting a potential breakout. Bull Flag: The recent consolidation could also indicate a Bull Flag, another bullish signal. Price Target: If a breakout occurs, the target price can be estimated based on the depth of the cup and the height of the flagpole. Stop-Loss: Set a stop-loss just below the handle's low or the flag's support to manage risk. Fundamental Analysis: Revenue (2022): $5.03M Net Income (2022): -$4.17M Market Cap: $26.81M Debt: $4.78M Cash & Equivalents: $436K Current Ratio: 0.65 Quick Ratio: 0.34 P/S Ratio: 5.33 P/B Ratio: 3.23 Conclusion: Both technical patterns suggest bullish momentum, making Phoenix Motor Inc. a potential buy candidate upon breakout confirmation. Fundamentally, the company shows promise but faces challenges with profitability and liquidity. Investment Note: Trading stocks inherently involves risks. Always consider your financial situation and investment goals before making decisions.
NASDAQ:PEVLong
by rebenga93
Chegg Chegg, Inc. (ticker symbol: **CHGG**), is an education technology company that provides digital and physical textbook rentals, online tutoring, and other student services. In the context of the list provided, Chegg is not explicitly included, but it could be categorized under the broader "Technology and Innovation" or "Consumer Discretionary" sectors due to its focus on educational services. ### Role Chegg Can Play in the Future 1. **Educational Accessibility**: - **Affordable Learning Resources**: Chegg's services can help make education more affordable and accessible by offering lower-cost textbook rentals and online learning resources. - **Digital Transformation in Education**: As education continues to shift online, Chegg can play a crucial role in providing digital study tools and resources that enhance remote learning experiences. 2. **Personalized Learning**: - **Data-Driven Insights**: Chegg can leverage data analytics to provide personalized learning experiences, tailoring study materials and tutoring to individual student needs. - **Adaptive Learning Platforms**: Developing adaptive learning technologies that adjust to a student's pace and learning style can improve educational outcomes. 3. **Expanding Global Reach**: - **International Expansion**: By expanding its services to international markets, Chegg can support students worldwide, contributing to global educational equity. - **Multilingual Support**: Offering resources in multiple languages can help non-English speaking students access high-quality educational content. 4. **Integration with Traditional Education**: - **Partnerships with Educational Institutions**: Chegg can collaborate with schools and universities to integrate its services into traditional curricula, providing supplemental learning tools. - **Credentialing and Certification**: Offering online courses and certification programs can help students gain new skills and credentials outside of traditional degree programs. ### Benefits of Data Centers Data centers are critical infrastructure for modern digital services, including those provided by companies like Chegg. Here are some key benefits: 1. **Reliability and Uptime**: - **High Availability**: Data centers are designed to provide high levels of reliability, ensuring that services are available 24/7 with minimal downtime. - **Redundancy**: They include redundant systems for power, cooling, and networking to prevent service disruptions. 2. **Scalability**: - **Resource Management**: Data centers can scale resources up or down based on demand, allowing companies to efficiently manage their computing needs. - **Growth Support**: As a business grows, data centers can provide the necessary infrastructure to support increased traffic and data storage requirements. 3. **Security**: - **Physical Security**: Data centers have robust physical security measures, including controlled access, surveillance, and security personnel. - **Cybersecurity**: They employ advanced cybersecurity protocols to protect data from cyber threats, including firewalls, encryption, and intrusion detection systems. 4. **Cost Efficiency**: - **Economies of Scale**: By centralizing IT resources, data centers can achieve cost savings through economies of scale. - **Reduced Capital Expenditure**: Businesses can avoid the high costs of building and maintaining their own data centers by using third-party data center services. 5. **Energy Efficiency**: - **Green Initiatives**: Many modern data centers are designed with energy efficiency in mind, utilizing renewable energy sources and advanced cooling technologies to reduce their carbon footprint. - **Resource Optimization**: Efficient resource management practices help minimize energy consumption and operational costs. 6. **Disaster Recovery and Backup**: - **Data Redundancy**: Data centers often provide backup and disaster recovery services, ensuring that data is not lost in the event of a hardware failure or natural disaster. - **Business Continuity**: These services are essential for maintaining business continuity, allowing companies to recover quickly from disruptions. In summary, Chegg has the potential to significantly impact the future of education through its innovative services and global reach. Data centers, on the other hand, provide the backbone for these and other digital services, offering reliability, scalability, security, and efficiency.
NYSE:CHGGLong
by TrojanBible
RDDT Option trading arbitrageCurrent price 60.90$ Puts for 21st of June @60 cost 110@ per contract. 100 contracts=10K$ investment, We can immodestly cover the position with 2000/2500 stocks @61 depending on the risk tolerance of the trader. My personal choice is not covering the whole position since I am expecting my main position which is the PUTS to gain 50K by the end of the week and in case I am wrong I prefer to cover only 7K from the initial 10k investment. So basically we need more than 10K capital to make this position but the risk of actually losing money is max 2-3K lose with a potential gain of 50thousand and the chance of the position being a winner is 63% which for such an RIsk-Reward is an amazing opportunity.
NYSE:RDDTShort
by Elite_Forex
8
KRBL is changing gears quickly. KRBL Ltd. operates as a holding company. The firm engages in the export of rice miller and basmati rice. It operates through the following segments: Agri and Energy. The Agri segment supplies rice, Furfural, seed, bran and bran oil. The Energy segment comprises of power generation from wind turbine, husk based power plant and solar power plants. KRBL Ltd CMP 310.20. The positive aspects of the company are Company with Low Debt, Improving cash from operations annual, Zero promoter pledge, FIIs are increasing stake, MFs are increasing stake and Dividend Yield = 1.39%. The Negative aspects of the company are Declining annual net profit, Companies with weak financials and Stocks Underperforming their Industry Price Change in the Quarter. Entry can be taken after closing above 314. Targets in the stock will be 356, 377 and 393. The long-term target in the stock will be 414, 446 and 472. Stop loss in the stock should be maintained at Closing below 258. 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.
NSE:KRBLLong
by Happy_Candles_Investment
Gandhar oil can gain momentum after forming bottom. Gandhar Oil Refinery (India) Limited manufactures Oils, Lubricants and greases of various kinds. Gandhar Oil Refinery (India) Limited CMP 214.34. The positive aspects of the company are Company with Low Debt and Zero promoter pledge. The Negative aspects of the company are FIIs are decreasing stake, MFs are decreasing stake and Declining annual net profit Declining cash from operations annual. Entry can be taken after closing above 218. Targets in the stock will be 237, 251, 274 and 287. The long-term target in the stock will be 304, 320 and 343. Stop loss in the stock should be maintained at Closing below 181. 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.
NSE:GANDHAR
by Happy_Candles_Investment
S&P 500 Daily Chart Analysis For Week of June 14, 2024Technical Analysis and Outlook: The Spooz achieved the designated downside target of Mean Support 5325 before ascending to fulfil two significant milestones: the Inner Index Rally 5408 and the subsequent Outer Index Rally 5450. Presently, the index is poised for upward movement, with two distinct targets: the Inner Index Rally 5480 and the subsequent Outer Index Rally 5560. In a downward scenario, it is anticipated that Spooz may test the newly established Mean Support level of 5401, which is expected to catalyze reigniting its bullish trend.
SP:SPX
by TradeSelecter
Stocks Good. Crypto Meh. And I Am Pulling My Stops.Traders, Market makers continue to torture crypto longs but their time is growing short. The U.S. stock market continues to press higher, led by mega-corp giants like NVidia. It is simply a matter of time before crypto follows. In the meantime though, I am tired of playing this game with MMs. For the first time since creating my public portfolio, I've decided to pull out all of the stops on my long entries. I am going to pop a few cold ones and chill for the weekend. I just don't want to play that game anymore. But please. Don't take any of this as financial advice per usual. You do you. I am only here to entertain you all with my poor choices.
AMEX:SPYLong
by stewdamus
+ 91% SNAP Inc.The company develops and maintains the image messaging and multimedia mobile app Snapchat, as well as develops and manufactures the wearable camera called Spectacles, a pair of smartglasses that connect to the user's Snapchat account and records videos in a circular video format adjustable in any orientation. On February 20, 2017, Snap Spectacles became available for purchase online.The company sold only 220,000 pairs of Snap Spectacles V1. The company developed and launched Spectacles V2 in April 2018 in the U.S., Canada, U.K. and France; and 13 more European countries in May 2018.On April 28, 2022, the company announced a mini drone called Pixy.Later that August, it was reported that future development of Pixy would be discontinued, while continuing to sell the current iteration of the drone.
NYSE:SNAPLong
by MiguelFTCurado
5
COINBASE Short-term Channel Up targeting $284Coinbase (COIN) has been trading within a short-term Channel Up (blue) ever since the bottom on the 4H MA200 (orange trend-line) and later turned the 4H MA50 (blue trend-line) into a Support too. Yesterday the first 4H MA50/ 1D MA50 Bullish Cross was formed since February 29. As you can see this is approximately the same pattern that was followed after the February 09 bottom on the 4H MA200 and its first Target was the Resistance coming of the previous High. This short-term Channel Up leads straight to that Resistance as part of its next Higher High, so our short-term Target is $284.00. ------------------------------------------------------------------------------- ** 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:COINLong
by TradingShot
3
CHINA A50 Is this 1W MA50 rebound breaking the bearish trend?On December 21 2023 (see chart below) the China A50 index (CN50) gave us the best buy entry possible on more than 1 year span: The price increased on this Bullish Leg and a month ago reached the top (Lower Highs trend-line) of the Falling Wedge. At the same time, it broke above the 1W MA100 (green trend-line) for the first time since December 28 2021, giving the first long-term buy signal in years. Regardless of this signal, the index got rejected at the top of the Falling Wedge and is on a 4 week decline. However it reached this week the 1W MA50 (blue trend-line) again and so far reacted positively by holding it. As long as it holds and closes the 1W candles above it, it is more likely that this will transition into a rebound, which will be the 2nd and final long-term buy signal. In that case, we expect the index to finally break above the Falling Wedge and stage a long-term pursuit of the 1W MA200 (orange trend-line). Our Target will be 13550 (slightly below Resistance 1). If however the 1W MA50 breaks (closes candle below it), we will take the small loss and open a sell, targeting 11800 (the 0.5 Fibonacci level), similar to the March 14 2023 decline. The confirmation for this signal will come if the 1W MACD forms a Bearish Cross. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:CN50
by TradingShot