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NETFLIX Will the stream giant correct after the Earnings?Netflix (NFLX) is reporting Earnings today and what we see from the past 4 weeks that has been unable to make new Highs, it might be pricing a peak. That peak might be a technical Higher High formation on the 1.5 year Channel Up, which is the Earnings disappoint, can initiate a medium-term correction towards the 1W MA200 (orange trend-line) and 1W MA50 (blue trend-line) Support Zone. The technical confirmation for a sell will most likely be a 1W candle closing below the 1D MA50 (red trend-line), which has been the standard support of uptrends within the Channel Up. In addition to that, we will be expecting to see the 1W MACD form a Bearish Cross. On that signal, we will target 425.00. ------------------------------------------------------------------------------- ** 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:NFLXShort
by TradingShot
1
The Bank that India banks on SBI, looking towards an uptrend.State Bank of India is an Indian multinational public sector bank and financial services. SBI is one of premier Indian bank which is also a Public Sector bank. The positive aspect of the company is Zero Promoter pledge, Book value of the share increasing, FIIs increasing stake in the bank, Annual net profits are increasing, revenue of the bank is also increasing. The negative aspect of SBI is Mutual Funds are decreasing and there is a noted decrease in net cash flow of the company. Entry in the stock can be taken after closing above 636. Targets for SBI will be 646 and 659. Long term targets in SBI will be 671 and 688. Stop loss in SBI can be maintained at a weekly closing below 588. 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:SBINLong
by Happy_Candles_Investment
Ratnamani can benefit many if it closes above Mother Line.Ratnamani Metals & tubes Ltd. is a company manufacturing pipes and tubes of Mild steel, Stainless steel, Alloy steel as well as Titanium welded tubes. They also provide anti-corrosive coating solutions for pipes in addition to induction bending solutions. Negative aspect of the company is that Mutual funds are decreasing stake and net cash flow is on a decline. PE ratio of the company is 37.2 which is a bit on the higher side. Positive aspects of the company are low debt and Zero promoter pledge. Entry in the stock can be taken after closing above 3318. Targets will be 3440 and 3546. Long term target in the company will be 3652. Stop loss should be maintained in the stock at a closing below 3242. 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:RATNAMANILong
by Happy_Candles_Investment
CISCO Strong Bullish Break-outCisco Systems (CSCO) is sustainably breaking above the Lower Highs trend-line that started on the September 01 2023 High, which was a Higher High on the 1.5 year Channel Up pattern. This break-out has turned the 1D MA50 (blue trend-line) into a Support and the only barrier that remains before a new bullish wave is the 1D MA200 (orange trend-line). If broken (1D candle closing above it), we will target Resistance 1 at 53.50. Notice how based on the 1D MACD symmetry we are on the exact same consolidation levels (blue ellipse) before which a strong rally followed. ------------------------------------------------------------------------------- ** 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:CSCOLong
by TradingShot
META One more rally before correction.Meta Platforms (META) gave us an excellent bottom buy opportunity last time we looked at it (December 08 2023, see chart below) having hit already Target 1 (350.00) and currently going for Target 2 (384.50) following the Higher Highs break-out: As long the Higher Highs trend-line holds, we expect a technical rejection at or slightly above the 384.50 All Time High (ATH) target and subsequent correction towards at least the 1D MA50 (blue trend-line). The last medium-term correction has been -8.70%, which gives us a minimum target of 351.00 on the downside. If the decline extends, we can see a maximum (from a technical perspective) decline of around -15.75% (similar to October 26 and August 18 2023) that could test the 1D MA200 (orange trend-line) and will be the strongest long-term buy opportunity. ------------------------------------------------------------------------------- ** 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:META
by TradingShot
🍎Apple🍎 can Fall more than ➖9%↘️Apple started to reduce from the 🔴 Resistance zone($199.80_$196.40) 🔴 with the help of the Head and Shoulders Pattern , and creating a 🔵 Breakaway Gap($192.53_$188.44) 🔵helped the validity of the pattern and the momentum of Apple's decline. 🏃‍♂️Currently, Apple is moving in the 🟢 Support zone($182.95_$181.30) 🟢. 🔔I expect Apple to continue falling after filling the 🔵Common Gap($184.25_$183.09)🔵 and breaking all Moving Averages at least until the next 🟢 Support zone($168.20_$164.30) 🟢(9%). There is a possibility of forming a Double Top Pattern in Apple. If the 🟢 Support zone($168.20_$164.30) 🟢 breaks, we can expect more fall from Apple. 📚If you want to know about the types of Gaps , you can read the following article.👇 Apple ( AAPLUSD ) Analyze, Daily time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NASDAQ:AAPLShort
by pejman_zwin
8
ALIBABA The fall of a former giant continues.Alibaba (BABA) has been trading within a Channel Down since the July 31 2023 High. The 1D MA50 (blue trend-line) has been acting as the basic Resistance while a truly sustainable bullish trend can technically exist only above the 1D MA200 (orange trend-line). Until then every 1D MA50 rejection such as December 28, is a Lower High on the Channel Down and a sell opportunity. Every Lower Low has been greater in decline % terms, the latest was 20.30% so we can see a Lower Low around 62.00 before a rebound, buy we will buy if contact with the bottom (Lower Lows trend-line) of the Channel Down is made earlier. The Target will be +11.00% from that point. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:BABA
by TradingShot
EXXON MOBIL on the 1 year Support but on bearish bias.The Exxon Mobil Corporation (XOM) is again testing Support 1 (97.85), which is holding since the March 13 2023 Low but on a bearish note as it recently broke below the October 2020 Higher Lows trend-line (was the long-term Support) and remains below the 1W MA50 (blue trend-line) for the 12th week in a row. This is obviously a long-term analysis on the 1W time-frame, but the chart can provide a clear view of the trend depending on the break-out. If the stock closes a 1W candle above the 1W MA50, we will turn bullish targeting $120.00 (just below Resistance 1). If it closes below Support 1, we will turn bearish targeting 84.50, just above Support 2 and the 1W MA200 (orange trend-line). Note that the 1W RSI has been on a huge Bearish Divergence (Channel Down) since January 2022. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:XOM
by TradingShot
Value Investing: STOCKS to watch in 2024Hi Traders, Investors and Speculators of Charts📈📉 Welcome to 2024🥂🥳 After great feedback from the altcoin list, I'll be doing a series on top stocks to watch for 2024, all in one post for your convenience! Stocks I'll focus on include: 📢 Undervalued stocks 📢 Stocks with great upside potential 📢 New stocks to watch I'll keep adding/updating one by one to the bottom of this post, so make sure you bookmark and follow! 1) AMEX:PSIL The AdvisorShares Psychedelics ETF (NYSE ticker: PSIL) invests in the emerging psychedelic drugs sector, offering exposure to those biotechnology, pharmaceutical and life sciences companies we see as leading the way in this nascent industry.
AMEX:PSILLong
by CryptoCheck-
2
downtrend in shopper's stop stops and uptrend my commenceShopper Stop Ltd. is engaged in the business of retailing a variety of household and consumer products through departmental stores and it provides retail range of branded and own label apparel, footwear, perfumes, cosmetics, jewellery, leather products and accessories, home products, books, music and toys, operates in the cities of Mumbai, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Pune, Jaipur and Gurgaon. Shopper Stop Ltd CMP is 703. The Negative aspects of the company are High Valuation (P.E. = 82), FIIs are decreasing stake, High promoter pledge. The company's Positive aspects are Low debt, MFs are increasing stake, improving annual net profit, improving cash from operations annual, Promoter holding increasing. Entry can be taken after closing above 710. Targets in the stock will be 737 and 756. The long-term target in the stock will be 786 and 814. Stop loss in the stock should be maintained at Closing below 657. 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:SHOPERSTOPLong
by Happy_Candles_Investment
Cera Sanitaryware looking aestheticCERA Sanitaryware Ltd. The main product lines of this company are Sanitaryware, Faucets ware and Bath ware. They are Presently, engaged in the business of manufacturing, selling, and trading of building products and is having non-conventional wind & solar power for captive use in the State of Gujarat. CERA Sanitaryware Ltd CMP is 8017.50. The Negative aspects of the company are High Valuation (P.E. = 44.9), MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, improving annual net profit, Improving cash from operations annual. Entry can be taken after closing above 8063. Target for Cera is 8233. If the stock gives closing above 8234 long term targets of 8462,8714 and 9000 will be unlocked. Stop loss in the stock should be maintained at Closing below 7672. 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:CERALong
by Happy_Candles_Investment
TESLA Breaking below the 1W MA50 again but NOT a BUY yet.Three weeks ago we mentioned the importance of the All Time High (ATH) Lower Highs trend-line on Tesla (TSLA) and how critical it would be for the price to finally break above it for the first time in more than 2 years: The 'Do or die moment' as we called it failed to deliver and the price got emphatically rejected on the Lower Highs for the 5th time. This rejection has brought the price below the 1W MA50 (blue trend-line) yet again on pre-market. The natural zone of Support now is the January 06 2023 Higher Lows trend-line (Cycle bottom) and the April 27 2023 Higher Lows (dashed) trend-line. As long as it holds, we expect a short-term bounce and another test of the ATH Lower Highs trend-line. If the stock breaks above the ATH Lower Highs, we will buy for a long-term rally and target 345.00. If the price breaks below the (dashed) April 27 2023 Higher Lows, we can expect a bottom as low as even 180.00, which is the Lower Lows (bottom) trend-line) of the Channel Down that started on the July 19 2023 High. If the 1D RSI though breaks first the 30.00 oversold barrier, we will take the profit on shorts and turn into a long-term buy (Target at $345.00 again) as every time the RSI turned oversold at 30.00, since December 2022, it was the most efficient buy opportunity we could get. ------------------------------------------------------------------------------- ** 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:TSLA
by TradingShot
AMD Correction expected on this Double Top.Advanced Micro Devices (AMD) has given excellent pull-back buy opportunities since our last analysis (December 12 2023, see chart below): We believe though that it is time to take profit on those buy positions as the short-term Channel Up has made a Double Top similar to the June 13 2023 pattern, which started a prolonged correction. Even though the new correction doesn't have to be that long, even a shorter one is plausible as the same 1D RSI Bearish Divergence (on Lower Highs) that we currently have, was seen on all corrections within the 18-month Channel Up, with the shortest of them being -15%. Assuming this worst case scenario, we turn now bearish and target 129.00 (-15% from the Top). Then as long as the 1D MA200 (orange trend-line) holds, or even if broken when it gets reclaimed, we will buy again for the long-term. ------------------------------------------------------------------------------- ** 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:AMDShort
by TradingShot
1
Cross-Checking News Trading with Technicals on CARR-USDDear Esteemed Investors, Everyone asked me to write an analytics on CARR. Although my forecasts achieved some success with this stock, let me remind you it's only a very small percentage of my portfolio. I can measure my exposure in hundreds of thousands, which is relatively small compared to my gold exposure, which I measure in millions. With that, I care about every one of my investments, and I hear your expectation to read analytics about this stock. Here you go. Chart and Technical Indicators CARR hit the target level of the last bullish forecast ($59.21 resistance), and technical indicators like MACD and RSI turned bearish. Under the chart, MACD shows bearish progress. Both MACD and RSI have a bearish cross on them. These are typical confirmations of resistance, and CARR hasn't defeated it yet. However, RSI still moves on the more bullish side of its chart, and MACD shows only a slight bearishness. It's not too late for CARR investors to continue the rally. Signs of continuation would be if RSI made a bullish cross again and MACD turned bullish. If they can break the mentioned resistance, a target of $61.12 is possible. With that said, the risk-reward ratio of a long isn't excellent here. So, I've taken profit of my long position from the last forecast. I estimate to open a new long if the price confirms support again around the $51.74 level. Breaking this support would suggest a downward trend rather than a healthy retracement. Downwards, the price can fall to lower trendlines below $48. If I open a new long, I'll use a tight stop loss setting. News Trading: AI Natural Language Processing Carrier Global has consistently delivered strong revenue growth in recent quarters, driven by higher demand for HVAC and refrigeration products. The company's recent acquisitions of Viessmann Climate Solutions and Honeywell's Global Access Solutions business expand its market reach and product portfolio. Carrier Global has a healthy balance sheet with a solid financial position. The company has the flexibility to invest in growth initiatives. The global HVAC and refrigeration markets can steadily in the coming years, driven by population growth, urbanization, and rising environmental concerns. On the other hand, the ongoing supply chain disruptions have impacted Carrier Global's production and delivery of products, potentially affecting sales and profitability. Escalating inflation could put downward pressure on consumer spending on discretionary items such as HVAC and refrigeration products. The HVAC and refrigeration industry is highly competitive, with several players vying for market share. The ongoing geopolitical tensions and potential for global recession could dampen demand for Carrier Global's products. Despite the potential headwinds, Carrier Global remains a well-positioned company with a strong track record of growth. The company's focus on innovation, strategic acquisitions, and expanding market reach should support its long-term growth prospects. However, investors should carefully monitor the company's ability to manage supply chain disruptions, inflation, and competitive pressures. Disclaimer: The success of my historic forecasts don't guarantee your future results. It's not an investment advice. Do your esearch. I wrote the analytics for entertainment purposes. Kind regards, Ely
NYSE:CARRLong
by Elysian_Mind
4
Bluestar can become a star once the winter starts to diminish. Blue Star Ltd. It offers India's widest range of air conditioning and commercial refrigeration products and a comprehensive range of air purifiers, air coolers, water purifiers, cold chain equipment and speciality products. Blue Star Ltd CMP is 952.60. The Negative aspects of the company are High Valuation (P.E. = 41.9), MFs are decreasing stake, and Promoter Holding decreasing. The company's Positive aspects are Low debt, zero promoter pledge, FIIs are increasing stake, improving annual net profit, and Improving cash from operations. Entry can be taken after closing above 961. Targets in the stock will be 989 and 1015. The long-term target in the stock will be 1040. Stop loss in the stock should be maintained at Closing below 902. 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:BLUESTARCOLong
by Happy_Candles_Investment
Data Patterns trying to breakout and form a positive pattern. Data Patterns (India) Ltd. is among the few vertically integrated defense and aerospace electronics solutions providers catering to the indigenously developed defense product industry. It is one of the fastest-growing companies in the Defense and Aerospace Electronics sector in India. Data Patterns (India) Ltd CMP is 1978.55. The Negative aspects of the company are High Valuation (P.E. = 74.7). Declining cash from operations and MFs decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, and improving annual net profit. Entry can be taken after closing above 1996. Targets in the stock will be 2045 and 2115. The long-term target in the stock will be 2181 and 2253. Stop loss in the stock should be maintained at Closing below 1840. 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:DATAPATTNS
by Happy_Candles_Investment
RIOT Breakout! 33% Gain potential RIOT is basically a crypto mining company. Bitcoin right now is breaking to highest levels since 2022. RIOT's balance sheet is positive with more assets than debt. RIOT recently spent 290 million USD on purchasing new and advanced bitcoin mining rigs as well as a contract to buy a lot more of those in the future with MICROBT. Technicals show breakout after breakout, with a fresh breakout recently above 13.80. Stop loss is placed below second horizontal support around 12.50. Take profits are allocated around key resistance levels on the way up. Indicators show bullish momentum with plenty more fuel to go. This is a potential swing trade. Best of luck and feel free to ask questions!
NASDAQ:RIOTLong
by Exactus
2
PayPal to $76PayPal is signaling bullish reversal at a great value. After a two-year long hemorrhage in stock value, multiple indicators and patterns forecast a recovery. A descending wedge can be found on the 1D chart and as we are nearing the final squeeze of the wedge, an inverse head and shoulders has formed. Utilizing Fibonacci retracement levels supported by bullish trading patterns and indicators (OBV & MFI), the ascent to $76 appears both realistic and only the beginning of a long awaited rally. Should my projections prove accurate, I believe there will be one more opportunity to profit from put options as the right shoulder peaks around the $57-$59 range. NASDAQ:PYPL
NASDAQ:PYPLLong
by Shepherd_Investor
5
SHOPIFY More downside to come. Where to buy?Shopify (SHOP) has been trading within a Channel Up pattern since the October 13 2022 market bottom. It recently made a Higher High but not at the top of the pattern and started to pull-back, losing most of its strength and momentum as the 1D RSI dropped to 45.50 (neutral). The price is still above the 1D MA50 (blue trend-line), which keeps it bullish but in our opinion it won't be for long as it has started to resemble the pull-back after the December 02 2022 High. That was on the Channel Up first bullish leg and it eventually pulled-back to the 0.5 Fibonacci retracement level, before the price rebounded again and almost reached the -0.382 Fib extension for a technical Higher High. Observe how similar the 1D RSI sequences are between the two. As a result, we expect currently a downside as low as 60.50 (Fib 0.5) at least to test the 1D MA200 and then we will buy and target $94.00 (below the -0.382 Fib, projected +56% rise, which is 20% lower than the previous rise (+76.18%), similar to the difference the Feb 03 2023 High High had from its Dec 02 2022 High). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:SHOPShort
by TradingShot
1