Bull momentum of Shopify has been completely releasedBull momentum of Shopify has been completely released
This chart shows the weekly candle chart of Shopify stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, since the completion of the form at the end of October 2022, it has risen by 4 small bands, and theoretically, the bull momentum has been completely released! This week, Shopify's stock has made a significant pullback, returning to below the 2.382 position in the golden section of the chart! In the future, it is likely that there will be a longer period of bull rest!
Stocksignals
PayPal suppressed by the 1.618 of golden sectionPayPal stock in the past three weeks has been suppressed by the 1.618 level of the golden section
This chart shows the weekly level candle chart of PayPal stocks in the past six months. The graph overlays the recent bottom-up golden section. As shown in the figure, the high point of PayPal stock in the past three weeks has been suppressed by the 1.618 level of the golden section in the figure. In the future, it is likely to retreat downwards! The strong support level for PayPal's stock is at the starting point of the big positive line in July 2023!
Where There is Smoke, There is Fire | CSX Short 🚂Classic short setup for CSX railroad here. It just so happens other railroads are also showing bearish formations with imminent resolution - most likely to the downside - ahead.
Remember: we are at 3.6% unemployment - a rate that has remained historically unsustainable, and elusive if not unattainable - for the last 75 years.
Combining the "large-time-frame" bearish formation of CSX and the current status of the long-run labor market, I think we have a strong case for a weak aggregate demand.
Not to mention, oil has been selling off for a year, despite higher unemployment. So... what gives?
BANK OF AMERICA is about to start the new 2 year rally.The Bank of America Corporation (BAC) got rejected again on its 1W MA50 (blue trend-line), a level that has been acting as a Resistance since the March 2022 break-down. This has created a Lower Highs trend-line that is the key pivot level now. But before that, let's see how it's been trading on a +10 year basis.
As you see on this chart, ever since the November 2011 Low, the stock has been trading within a Fibonacci Channel, with the extensions serving as very accurate Resistance and Support levels. We have seen 1W MA50 rejections after strong corrections in April 2016 and June 2020. Each of those times, the price hit the Buy Zone (green) before rebounding to a Higher High, while the RSI on the 1M time-frame hit the 38.80 Support. The 1M MA100 (red trend-line), which on March 2020 provided Support, acted once more as the long-term Support this March (2023), exactly at the top of the 10 year Buy Zone.
As a result, BAC is a buy opportunity, but will only get confirmed when it closes a 1W candle above the Lower Highs trend-line. As far as a long-term target is concerned, the first Higher High on the Fibonacci scale was made on Fib 2.0 (March 2014), the second on Fib 4.0 (March 2018) and the third on Fib 6.0 (January 2022). Investors could hold, based on this sequence, until the 8.0 Fibonacci extension.
It is interesting to point out that each Cycle within this Channel has approximately been 4 years and each of the rallies around 2 years, like the one we're currently about to confirm.
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Disney stock has maintained strong support in the past 10 weeksDisney's stock has maintained strong support levels in the past 10 weeks
This chart shows the weekly candle chart of Disney stocks from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, Disney's stock has maintained strong support levels in the past 10 weeks, with inter district fluctuations above the golden section's 0.236 level! Once Disney stocks close below this strong support level for three consecutive trading days, the downside space opens up and it is likely to fall below the low point of early 2020!
Apple -> Only Two More Days Guys!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
The weekly timeframe looks a little bit overextended with barely and red candles during the last major push so we could certainly see a retest of the previous all time high at $180.
Apple is currently once again failing to create a new all time high at the $196 level and you can still see the very obvious key bullish trendline which is still pushing the price of Apple stock higher - now we will either see a bullish breakout or a bearish breakdown, until then no setup.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
SoFi jumped short and opened highSoFi jumped short and opened high
This chart shows the weekly candle chart of SoFi stocks from 2021 to the present. The top to bottom golden section is superimposed in the figure. As shown in the figure, the low point of SoFi stock in the past two years is exactly the 4.000 level of the golden section in the figure, and the high point in June this year is exactly 3.000 level! On the last trading day of July 2023, the SoFi stock jumped short and opened high, then surged, approaching the long start level before reaching the historical peak!
General Electric bouncing off 20-EMA.General Electric Company - 30d expiry - We look to Buy at 111.71 (stop at 108.71)
The primary trend remains bullish.
There is no clear indication that the upward move is coming to an end.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 1day EMA is at 111.54.
We look to buy dips.
Previous resistance at 111 now becomes support.
Our profit targets will be 119.21 and 120.21
Resistance: 115.70 / 117.96 / 120.00
Support: 113.45 / 111.00 / 110.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
#HEROMOTOCO... good in coming session#HEROMOTOCO...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
AMAZON Short-term buy signalIt's been exactly two months (May 30) since we gave the latest buy signal on Amazon (AMZN) when the price touched the 0.382 Fibonacci retracement level (see chart below):
Our target was set at 146.50, which is the High of August 16 2022 (Resistance 1) and we are updating our analysis as the recent rebound on the 1D MA50 (blue trend-line), seems to be the final bullish leg towards that target.
We may experience a strong pull-back (long-term trend still bullish though) there (also the 0.618 Fibonacci level is just above it) as the 1D RSI is trading within a Channel Down, which illustrates a Bearish Divergence.
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Upper space of PLTR stock has been opened!Upper space of PLTR stock has been opened!
This chart shows the weekly candle chart of Palantir stock from the end of 2020 to the present. The top to bottom golden section is superimposed in the figure. As shown in the figure, Palantir's stock has broken through the 2.000 level of the golden section in the past three weeks, and its previous low point was at the 2.618 level of the golden section in the figure! So, the next strong pressure on Palantir stocks is around the 1.618 or 21.53 position of the golden section in the graph!
Nasdaq on the Verge of Retracement
📉🚀 Nasdaq on the Verge of Retracement - Bearish Shark Pattern & RSI Divergence Pointing Downward! 📉🚀
I've spotted a Bearish Shark Pattern with RSI Divergence on the Nasdaq, signaling a potential retracement ahead. I've entered the trade with precise stops and targets in place. Let's keep a close eye on how it unfolds.
📊 If this trade turns out profitable, brace yourself, US stocks might be heading for a bearish ride that could last for weeks to months.
⚠️ US Stocks Traders, get ready for possible impact!
📈 Follow my only account @raynlim for timely updates and trading insights. Let's navigate the markets with confidence! 📈🚀
O Realty Income Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of O Realty Income Corporation prior to the earnings report this week,
I would consider purchasing the $62.5 strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $2.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
GOOGL: Closing The Gap Soon?Hello Fellow Stock Traders, Here's a Technical Analysis of GOOGL!
Alphabet Inc. (GOOGL) has exhibited a notable price development by surpassing its Exponential Moving Average 50 (EMA50) and subsequently rebounding off the dynamic support level. This particular price action suggests a bullish trend in the stock. Moreover, there has been an identifiable formation of a descending broadening wedge, followed by a breakout of the upper trendline, accompanied by a bullish marubozu candlestick pattern. This breakout signifies the potential for an upward movement in the stock price.
Furthermore, the bullish outlook is reinforced by the emergence of a golden cross on the Stochastic indicator within the Neutral Area. The occurrence of a golden cross within this context typically indicates a higher probability of an upward movement toward the target area.
Taking these technical factors into consideration, the current price action and indicators point towards a positive outlook for GOOGL, suggesting the likelihood of an upward trajectory in the near term.
It is important to note that the roadmap will no longer be valid once the target/support area is reached.
Feel free to support the channel by clicking the rocket button and sharing your opinions in the comments below!
"Disclaimer: This analysis is intended solely for educational purposes and does not constitute a recommendation to take a long or short position on NASDAQ:GOOGL ".
ENPH Enphase Energy Options Ahead of EarningsIf you haven`t sold ENPH here:
Then analyzing the options chain and the chart patterns of ENPH Enphase Energy prior to the earnings report this week,
I would consider purchasing the 170usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $22.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Stock from China with upside potential of up to 200% 📈📱 Buy Baozun
Ticker: NASDAQ:BZUN
Buy by: 5$
Goals: $8.3; $11.5; $15.4.
Potential return per trade: up to 200%
Volume per trade: up to 1.5-2% of the portfolio
This deal should be taken for medium term.
The paper is quite volatile, so it makes no sense to put stops, we go in a small volume.
⚠️Risk level: high
Baozun is a young IT company that provides e-commerce services.
Average annual revenue growth is 27%, debt/equity is a comfortable 37%.
Forward P/e ~ 8.3 , P/s ~ 0.2.
From its peak, the stock fell by -92%, and our team believes that all the negative is already included in the price and the security is unlikely to fail significantly lower.
According to technical analysis, the stock shows the first attempts at a medium-term reversal.
At the level of $3.5, a support line was formed, and securities were paid off from this level on an increased volume.
Shares are below the 200-day moving average (negative).
RSI - locally overbought on D1.
But if you want to find more ideas in great companies with high growth potential, welcome to the profile 🎩
PEPSICO Testing Lower Highs. Strong buy if broken.Pepsico Inc (PEP) has been trading within a Channel Up pattern for more than 1 year. Currently it has been rejected on the internal Lower Highs trend-line from the May 15 High. As you can see within this Channel Up, every time the price tested such Lower Highs (3 occasions), it had an initial rejection (twice to the 1D MA50 (blue trend-line)) and then broke out. On all occasions, it hit the dotted Higher Highs trend-line, just below the top of the Channel Up. The 1D RSI is on a similar pattern with all those past fractals.
As a result, we will be ready to buy after it breaks above the Lower Highs and target the dotted trend-line at 200.00.
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COIN is testing for pressureCOIN is testing for pressure
This chart shows the weekly candle chart of Coinbase stocks in the past two years. The graph overlays the high points at the end of 2021 against the golden section. As shown in the figure, Coinbase stock broke through the upper edge of the current fluctuation range from May 2022 two weeks ago, and confirmed by stepping back at this position this week! And this position also happens to be at the 2.000 position of the golden section in the figure, so the strong pressure above the Coinbase stock is at the 1.618 position in the figure!