Palantir: Time to Exit?Upon closer reevaluation of Palantir, we continue to believe that we have not yet completed Wave (2) and that the price should not continue to rise. Our initial hypothesis was invalidated; we first expected to see Wave 5 at $19. Now, we assume Wave 5, or rather Wave (1), at $21.85, having developed Waves A and B, with Wave B at $25.69. This should also form our top and serve as an Expanded Flat, which we set from Wave A downwards. This closely aligns with the 61.8% level, which is highly probable for a Wave (2). Our target range is between $12 and $9.36. We should not fall below this; otherwise, we would consider closing the position down to $7.19, although we deem this unlikely. We believe the price will move within this range. We will place a limit buy order only after observing a significant weakness in Palantir.
Stocksignals
MASTERCARD Short-term pull-back has begunLast time (August 23 2023, see chart below) we looked at Mastercard (MA) the 1D MA50 (blue trend-line) gave us a solid buy opportunity, which easily hit our 415.00 Target:
The price is now starting to pull-back after marginally breaking the top (Higher Highs trend-line) of the 1.5 year Channel Up (blue). It already broke below the medium-term (dotted) Channel Up and is headed towards the 1D MA50 (blue trend-line).
With the 1D RSI already on Lower Highs (i.e. a Bearish Divergence against the stock's Higher Highs), we believe this is an early Sell Signal on the short-term. The March 13 2023 Target was the 0.382 Fibonacci retracement level, so we are currently aiming for $440.00.
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NetSTREIT - Bullish ChartNTST broke the descending trend line/2D SMMA that was holding the price since August 2021, and retested it forming a daily bullish engulfing.
I will become even more bullish if the NTST price confirms above $19.
That setup could give good gains in the medium term.
TESLA Can it break the 1D MA50 and sustain an uptrend?Tesla has been trading within a Bearish Megaphone pattern since the July 19 2023 High. The recent Low (March 14 2024) came very close to the 152.50 Support, which is the April 27 2023 Low. This shows just how strong the current bearish structure is.
Medium-term traders/ investors can expect a sustainable uptrend only when the 1D MA50 (blue trend-line) breaks, which has been the Resistance all this time since January 09 2024 (almost 3 months). If it does break above it, we expect a +41.50% rise from the bottom (+5% more than the previous Bullish Leg), targeting $225.00. That is considered conservative based on the margins of the Bearish Megaphone as the previous two Lower Highs were priced on the 0.786 Fibonacci retracement level.
The fact that the 1D MACD has already formed a Bullish Cross below the 0.00 level, favors statistically the upside case, as in the past 12 months such a signal failed to break above the 1D MA50 only once out of 4 times in total.
Until it does break it though, the trend remains bearish short-term towards Support 1 (152.50).
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UNITED HEALTH Time to buy again?Last time we looked into United Health (UNH) we gave a strong buy signal (October 03 2023, see chart below), which turned out to be very successful:
After getting rejected on Resistance 3, the stock started to decline structurally within a Channel Down. It is a pattern similar to the Channel Down of November 2022 - March 2023, which was again formed after UNH got rejected within the 2-year Resistance Zone, like it happened this time.
There is a high symmetry these past 2 years within the Resistance and Support Zones, so we expect the price to act accordingly. As a result, having already formed a 1D Death Cross, we expect the price to make one last Low towards the Support Zone (as long as the 1D MA50 holds as Resistance) and then rebound, which is what took place on March 10 2023, above the 0.618 Fibonacci retracement level.
As a result, we will time our buy accordingly and target $517.00 (Fib 0.618). An additional buy signal would be if the 1W RSI makes a Double Bottom, similar again to March 10 2023.
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EXXON MOBIL This sell signal will take it to $105.00 minimum.Exxon Mobil (XOM) has been on a tremendous since the January 18 bottom and even more so since the start of this month (March). We are about to form a Golden Cross on the 1D time-frame and last time this pattern emerged (September 20 2023), the market top was formed a week after.
In fact all Tops since November 2022 where formed on a Higher High sequence, confirmed by a 1D MACD Bearish Cross. As a result, we are waiting for the ideal sell opportunity on Exxon's next High and we will enter it after the MACD forms a Bearish Cross. All previous 3 corrective waves have hit at least the 0.618 Fibonacci retracement level. That gives us a medium-term Target of $105.00.
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Intel Corporation UpWe hit support.
We had 2 good days up strong buying from support.
Great opportunity for a 1/1 trade.
BMBL – When Will The Bleeding Stop?NASDAQ:BMBL has been in a strong downtrend since launch, and could potentially rebound at some point. I personally prefer to stay away from these types of charts, but if they start showing some bullishness maybe there could be a trade setup later. The price is trading near the lows of the range for anyone who wants to take a shorter term trade, I’m personally just looking for better opportunities.
LYV – Bullish Breakout Above The White Resistance ZoneNYSE:LYV has been in a bullish uptrend since Feb 5, 2024 and is continuing to show some strength. I’m not interested in making a late entry here, but the key target is the previous $125.90 all time highs at the green trendline. I think LYV will eventually form a new all time high, but I’m not interested in taking a trade here. I would consider an entry within the white zone and preferably at or below the yellow support line. This yellow support line has presented the best buying opportunity, and I recently posted a similar setup for $NKE. It took several months of patience for the NKE setup, I think it will take a while for LYV to present a setup as well.
BLUE – Short-Term Trade From The Depths Of Rock BottomNASDAQ:BLUE has dropped significantly from its $150 highs to its current price level around $1. I think BLUE is forming a dead cat bounce in the green support zone, and I can see a short-term swing up to the yellow trendline. The price has already rebounded quite a bit, I would look for an entry around the green support zone between $0.87 and $1.02. I can see BLUE reaching the yellow trendline at some point and there is a red resistance zone ahead. I think it will be difficult to reach the highs of the red resistance zone around $2.77. Instead, there is likely to be a slower move up towards the yellow trendline.
BBIO – A Promising Stock & Buy OpportunityNASDAQ:BBIO has been performing very well since May of 2022, and has recently been in a downtrend. BBIO lost support at the light blue support line, and more recently had a bullish rebound off the yellow support line. I think BBIO is likely to present more buy opportunities around $27.15, and this is a stock that is worth monitoring for a trade setup.
TSVT – A Bullish Breakout To MonitorNASDAQ:TSVT is having a nice bullish rally from $1.53 in Nov. 2023 to $5+ price levels. TSVT has reached a key light blue resistance line, and there has been resistance suppressing the price here. However, I am seeing some bullish signs into resistance, and there is the potential for a bullish breakout here. I think it is worth monitoring TSVT for a breakout. I would buy after a confirmed breakout, and the red lines are my key price targets on the way up.
ROIV – 20% Trading RangeNASDAQ:ROIV is trading near all time highs, and I just don’t see any good investment opportunity here. However, I do like that there is a nice trading range between the red and green trendlines with 20% swings. I would definitely trade these swings, it looks like there was a recent opportunity that was missed. But I’ll track ROIV to look for the next setup.
SPG Approaching A Red Resistance ZoneNYSE:SPG has been in an uptrend since Oct. 2023, and is approaching a red resistance zone. I think there is likely to be resistance ahead, and I would look for an options puts trade setup.
Exagen (bottom?)Ce
I appreciate your attention to my analysis.
I find the charts intriguing, particularly the concepts of "total destruction" and "buying in blood." Despite the short-term risks, the potential for significant gains, such as 10x, 50x, or even 100x returns in the long term, is undeniable.
Upon closer examination of the chart, it appears that shorting activities have lost momentum recently, while earnings have shown consistent growth, with approximately 92% in the green. Although attempts to initiate a short squeeze in recent months resulted in a bull trap, the current situation presents a crucial juncture that appears heavily bearish, yet potentially ripe for the taking.
Regarding the skepticism surrounding the possibility of the stock reaching $1, the remarkably low market cap suggests an underestimation of its potential. I firmly believe that this stock's trajectory is far from its conclusion; rather, it signals the dawn of a promising future.
(Exagen Inc. is a diagnostic company specializing in autoimmune diseases, notably lupus and rheumatoid arthritis.)
WALMART RSI Bearish Divergence points to $58.00Walmart (WMT) has been trading within a Channel Up pattern since the May 20 2022 Low. The current Bullish Leg is approaching the pattern's top (Higher Highs trend-line) and the probability for a correction becomes greater on every up move.
As the 1D RSI has been on a Bearish Divergence since February 20, similar to the April - May 2023 Divergence, we are expecting a symmetrical decline of roughly -6.00%. That gives us a short Target of $58.00.
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CHINA A50: Make or break time on the 1W MA50.The China A50 index (CN50) is giving us excellent return on our bullish position since our last post (December 21 2023, see chart below), even though it hasn't reached the 13000 Target:
It is time to take profits on this amazing rally as the index has hit and got rejected twice already on the 1W MA50 (blue trend-line). This is a sign of weak momentum and as long as it fails to close a 1W candle above the 1W MA50, we are bearish towards the 0.382 Fibonacci at 11700. If it does manage to close above it though, we will take the loss and buy instead, targeting the 1W MA100 (green trend-line) at 12700.
Note that the 1W MA100 has been intact as a Resistance since the week of December 28 2021, so if broken the index will enter a new long-term Bull Cycle. Notice also the Lower Highs on the RSI. This week we may have a break-out, the first sign of an upcoming long-term Bull Cycle.
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JP MORGAN -15% correction very likely.JP Morgan Chase (JPM) has been trading within a Channel Up since the October 12 2022 market bottom. Friday's high is technically at the top (Higher Highs trend-line) of that Channel Up. The 1D RSI sequence is similar to the one that led March 06 2023 High and subsequent correction.
As you can see, every Higher High rejection (two so far on that pattern) has corrected by around -15%. As a result, we expect a minimum pull-back, below the 1D MA50 (blue trend-line) and towards the 1D MA200 (orange trend-line) of -14.77%, giving us a target of 173.00. That would be exactly on the 0.382 Fibonacci retracement level of the last Higher Low of the Channel Up, similar to March 23 2023.
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CAPCOM CO.CAPCOM Stock Soars to All Time High After RE4 Remake Is the Latest in a Seemingly Unending String of Success
CAPCOM shares opened at 4,780 today and have now slightly decreased to 4,840, which is still a 2.22% increase. As you can see from the chart, the Japanese publisher and developer has been mostly on a roll over the past few years, owing to a long string of successful game releases. Around seven years ago, things were much different. In 2016, CAPCOM released the Resident Evil Origins Collection, a rather low-effort compilation of Resident Evil and Resident Evil Zero remasters; Street Fighter V, which was supposed to take the world of fighting games by storm but largely failed due to scarce single player content and poor performance during online multiplayer matches; Umbrella Corps, a generic third-person shooter that even the Resident Evil IP couldn't save from being thoroughly panned by critics and fans alike; and Dead Rising 4, which while decent couldn't save CAPCOM Vancouver from being closed less than two years after its release due to poor sales and the cancellation of the studio's next projects.
The rise of the famed developer began in early 2017 with the release of Resident Evil VII: Biohazard, which is largely credited as the spark that reignited CAPCOM's creativity. The developers took a gamble, moving their prized survival horror IP to a completely different playstyle and setting. For the first time in the series, players didn't take charge of a trained cop or member of the special forces but of an ordinary guy who, while desperately looking for his missing wife, finds himself living a nightmare in a godforsaken, sun-drenched spot in Louisiana. Amping up the horror factor was the choice to abandon the third-person camera in favor of first-person view.
The risk paid off. The game sold well and was hailed as a return to form for the developer, delivering a momentum that even the stumble of Marvel vs. Capcom Infinite couldn't break.Then, in early 2018, CAPCOM found itself an even bigger golden goose with Monster Hunter: World, which over time became the best-selling game ever made by the Japanese studio. Previously only popular in Japan, World made the franchise far more accessible and palatable to Western audiences.
The rest, as they say, is history. Resident Evil 2, Devil May Cry 5, Resident Evil 3, Monster Hunter Rise, Resident Evil Village, and last but certainly not least, the Resident Evil 4 remake that just sold over three million copies in two mere days since its launch.
Looking ahead, Street Fighter 6 is poised to redeem even the legendary fighting franchise, at least according to the preview impressions. On the other hand, the next CAPCOM game may turn out to be less than successful. The Japanese publisher was savvy enough to partially insulate itself from the risk by taking Microsoft's money and putting it on Game Pass from day one, though.
Then again, not every game can be a hit, and investors are clearly bullish on the company's future prospects, which also include a brand new sci-fi IP (Pragmata, originally scheduled for 2022 but later moved to 2023 and possibly due for another delay given the absence of communication) and the long-awaited Dragon's Dogma 2 by Hideaki Itsuno, which could be another megahit in the making for CAPCOM if it adds online co-op play as most fans are hoping for.
EXAGEN (XGN) 🌶️10$-50$ target 🎯
The recent annual numbers from Exagen Inc. show promising results, with revenues exceeding forecasts by 4.4% and statutory losses per share coming in 4.4% smaller than expected. Following these results, analysts have adjusted their earnings model, with revenue forecasts for 2024 now at US$54.2 million, reflecting a 3.1% improvement compared to the last 12 months. Despite the steady losses expected, the consensus price target remains unchanged at US$5.50 per share, indicating that the business is performing in line with estimates. However, there are varying analyst views, with price targets ranging from US$5.00 to US$7.00 per share. It's worth noting that while Exagen's revenue growth is projected to slow down, the wider industry is expected to grow faster. This suggests that while Exagen's performance may be steady, it may lag behind industry peers in terms of growth.
VST Tillers Tractors looks on track for an upward moveVST Tillers Tractors Ltd (VTTL) is promoted by the VST Group of Companies, a well-known business house in South India, in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the manufacture of Power Tillers and Diesel Engines. Presently, the Company is engaged in manufacturing and trading of trading of tractors, power reapers, rotary tillers, power weeders, engines spares, lubes, precision, and is the largest producer of power tillers in India.
VST Tillers Tractors Ltd. (VTTL) CMP is 3381.95. The Negative aspects of the company are Declining annual net profit, declining cash from operations annual, FIIs are decreasing stake, MFs are decreasing stake. The positive aspects of the company are No debt, Zero promoter pledge.
Entry can be taken after closing above 3402. Targets in the stock will be 3485 and 3621. The long-term target in the stock will be 3782 and 3934. Stop loss in the stock should be maintained at Closing below 2989.
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.
VISA Short-term correction. Know where to buy.Visa (V) has been trading within a long-term Channel up pattern since the October 13 2022 Low. The 1D MA50 (blue trend-line) has been in support of the latest Bullish Leg since November 02 2023, so there is a long-time that the stock hasn't given a healthy pull-back for medium-term buying.
This has come in the past in the form of an approximately -8.00% correction, particularly when the 1D RSI posts a Bearish Divergence, i.e. trades within a Channel Down while the stock is within a Channel Up.
As we are currently on such a Bearish Divergence since January 25, we expect a technical pull-back soon, thus turning bearish and targeting the 1D MA100 (green trend-line) at $270, where we will start buying again for the medium-term.
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AROC Possible buy opportunity Today, I am looking at Archrock Inc, with ticker AROC, for a possible upside potential. Archrock has been doing some amazing job recently, and it's seen a growth of 200% in EPS in Q4 of 2023. The company, had an average growth of earning of 115% in past three quarters, and despite gas prices falling, this company is performing well.
Where I am planning on positioning myself:
1. Weekly chart is telling me a couple of good things about this stock. First, I see increase of buying volume for this stock. Second, the stock is currently trying to break it's previous resistance level sitting at around $19 per share.
2. Daily chart, I see an ascending base pattern forming. This pattern is always bullish, and stocks which break from it on higher buying volume, tend to continue it's upside movement.
3. I will officially be waiting for the break of previous high, sitting at around $19.42 price level, for me to enter in this stock.
4. Once the break happens, I would like to see buy volume increase, this will give me a signal that this stock is the stock to be in.
5. Once I enter, my stop loss, will be sitting at around it's previous low which is at $17.70 price level.
As always, this is not a financial advice, this is just my opinion. Please do your due diligence before investing your money!
