CVX, Major CONTINUATION-SETUP, Sector Rally, BREAKOUT INCOMING!Hello There!
Welcome to my new analysis about CVX on several timeframe perspectives. The oil market since the corona pandemic supply-shock dynamics has formed a important dynamic and had the ability to form a major rebound recovery with several new highs being formed and CVX having the ability to bounce into a new all-time-high. Now a big part of the dynamic is the consideration of if CVX has the potential to continue with this established formation and with the established trend moving on with further determinations.
CVX on the local timeframe perspective is building this main wedge formation with great supports above the 140-150 area. If this wedge formation completes with the appropriate momentum breakout this will activate initial target-zones and above this considering the whole global big picture CVX is forming a much larger formation here with the broadening-wedge-formation on the global perspective being completed once the breakout of the local formation also setup. With the projection of this formation targets above 400 will be activated.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
Stockstrading
MSFT, PULLBACK Momentum, Positions Trigger, BEARISH-Indication!Hello There!
Welcome to my new analysis about MSFT Stock Price Action Analysis on Several Timeframe Perspectives. In the recent times MSFT has emerged with a crucial pullback to the downside almost printing over 10% of a bearish pullback. In such occassions a big question is if the bearish momentum will accelerate into the bearish direction and if higher inflation rates could heavily increase such a bearish momentum. In any cases the bearish momentum wave could trigger further long-liquidations down the path.
In my chart you can watch that MSFT is about to complete a huge ascending-wedge-formation and such a ascending-wedge-formation is likely to lead to a massive pullback and bearish reversal once it has been completed with a breakout below the lower boundary. Currently this pullback could be triggered when MSFT moves below the remaining supports between the 315 to 320 area as many many long-positions are waiting below this area this will lead to such a bearish momentum that a reversal into the other direction will be unvalid.
There is the possibility that MSFT firstly stays within the area and bounces in the remaining supports to form something like an initial reversal, nonetheless MSFT has still huge resistance levels in the structure especially when moving into the upper boundary of the ascending-wedge-formation this upper boundary is a paramount resistance-zone from where the pullback to the downside is inevitable. This means that also with the initial stabilization the completion of the whole ascending-wedge-formation will shape a reality for MSFT and complete the pullback and liquidations down the path.
If the bearish momentum accelerates so heavily once the wedge has been completed it will be highly decisive on how MSFT moves into the final target-zone of 220 because if the bearish momentum should be that high that a reversal in this area will not be possible this will complete the huge double-top-formation and will accelerate even more liquidations to point to a scenario of MSFT moving below the 150 area.
For now the bearish scenario for MSFT should not be underestimated and should be watched and because of this we will keep having the symbol in our watchlist and adjust to changing factors.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
ORACLE: Sharp correction may turn into a 1 year buy.Oracle is having a sharp sell off during September, the strongest since September last year (2022), which formed the market bottom. It is almost oversold on the 1D technical outlook (RSI = 30.957, MACD = -2.920, ADX = 37.867) with the price approaching the 1W MA50, which is untouched since November 7th 2022.
On this 1W chart we have market the time of a 1W MA200 breach that was followed soon after with a strong rebound. Our trading strategy is to enter a long term buy and hold on the 1W MA50 and if by any chance (unlikely) tests the 1W MA100, then unload the rest of longs there. This will be an ideal long term buy opportunity (TP = 130.00).
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The S&P 500, Potential Top-Retest Incoming!Hello Community,
the year of 2022 is coming to an end and the markets are showing important developments that are necessary to consider when moving forward into 2023 out of a trading and investing perspective. Therefore a main stock index like the S&P 500 is showing us crucial signs on what to expect in the financial markets within 2023. In this case, I have detected major technical factors that will alter the whole interface of the market in the next time. When considering these dynamics it has to be mentioned that the inflation which peaked within the last month has calmed down and is decreasing more, if this dynamic holds on there is a higher likelihood possibility that positive sentiments will have a solid potential to accelerate within the market.
As when looking at my chart now, from a technical perspective, we can watch where the index is building this main descending channel formation which is a crucial formation to confirm the trend direction of the underlying asset. Within this formation, the index is also developing a coherent wave count with the waves A to D already completed and a descending wedge formation is also about to complete once the wave count is coming to the end-stages and finalizes the wave E within the count. If the index shows up with the ability to complete the formation and increase volatility finally leading to a breakout above the upper boundary of the channel this will show the setup for the index to test the highs lastly seen in January 2022 again. Once the index reaches these levels it will be crucial if it will be confirmed as resistance or if the index has the ability to breakout above, either way, will lead to further considerations to be made and in the bigger picture to a bull flag or a double top for the index to be formed.
In this manner, thank you everybody for watching. Let's move forward together.
The information provided is only educational and should not be used to take action in the markets.
LLY, This ALL-TIME-HIGH ROCKET is a NEVER ENDING STORY!Hello There!
Welcome to my new analysis about LLY on several timeframe perspectives. LLY printed an major bullish breakout literally over night bouncing out of the range. In the recent times the pharma industry transformed into a eager bullish environment since the gains seen because of the "pandemic" and LLY is a stock already present since 1978 in the 19th century, a time before the great depression. The FED is considering a more dovish policy as inflationary pressures in the U.S. decreased and LLY showed an development typical for more bullish stocks within the market, it already bounced before the U.S. CPI release signaled an easing in inflation, such moves are always important to anticipate as it is the case with LLY and the long direction.
Within the chart LLY is now forming a flag-formation on the local term which is likely to complete with a breakout in the near future setting up the next wave C extension into the upper directions. On the global term LLY bounced several times within the ascending trendline and has an underlying strong volatility-spike structure which is bolstering the bullish sentiment here. Once LLY has shown up with the breakout dynamics and reached the targets of the local formation this is likely to convert into the continuation of the global trend as well. Currently, the bullish scenario should be considered if the FED does not become more hawkish on interest rates or there is a major demand shortage increasing supply within the pharma market this should be a considerable scenario for the next times.
In this manner, thank you everybody for watching, support is greatly appreciated, all the best!
VP
COST show a relatively high level of large-scale triangularCOST show a relatively high level of large-scale triangular
This chart shows the weekly candle chart of Costco's stocks over the past year. The top to bottom golden section at the beginning of 2022 is superimposed in the figure. As shown in the figure, Costco's stock peaked in April 2022, plummeted, and began to strengthen in May 2022, showing a relatively high level of large-scale triangular fluctuations and consolidation overall! The stock of Costco Company was suppressed by the top to bottom golden ratio of 1.382 at its high points in July and September this year. Therefore, in the future, this position can be used as the watershed for judging its strength!
JPM continuously negative for 6 weeksJPM continuously negative for 6 weeks
This chart shows the weekly candle chart of JP Morgan's 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, JP Morgan's stock hit its high point at the end of July and early August of this year, hitting the top to bottom golden ratio of 0.618 in the chart. Then, it has been continuously negative for 6 weeks, and its low point in the past two weeks has hit the top to bottom golden ratio of 1.382 in the chart! So in the future, just use the lowest point of the previous week as the watershed to determine the strength of JP Morgan's stock!
XOM has shown a consolidation patternXOM has shown a consolidation pattern
This chart shows the weekly candle chart of ExxonMobil's stock in the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, ExxonMobil's stock has shown a consolidation pattern of high to strong overall after completing a small level double top at the beginning of this year! The small double top of ExxonMobil's stock at the beginning of this year was suppressed by the 3.618 level of the gold split at the bottom of the graph, and did not touch any strong support level for the low point of the pullback thereafter! So, in the future, the stock market of ExxonMobil is likely to weaken and continue to retreat towards the downside!
GOOGL with a strong upward breakthrough this weekGOOGL with a strong upward breakthrough this week
This chart shows the weekly candle chart of Google stock over the past year. The graph overlays the bottom to top golden section at the end of 2022. As shown in the figure, Google stock tested the bottom of the chart against the 2.618 position of the golden section three times in July and last week, with a strong upward breakthrough this week! The recent pressure level of Google stock is the 3.000 level at the bottom of the graph above the golden section, which is likely to suppress the market's rise! Google stock is likely to significantly retreat in the future, at least testing the 2.000 position of the golden section in the chart!
ABCM Abcam plc Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ABCM Abcam plc prior to the earnings report this week,
I would consider purchasing the 25usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $0.07.
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.
MSFT close negative for 5 weeksMSFT close negative for 5 weeks
This chart shows the weekly candle chart of Microsoft stock for the past year. The graph overlays the bottom to top golden section of October 2022. As shown in the figure, the highest point of Microsoft's stock just hit the 3.000 level of the golden section at the bottom, while the recent low point hit the 2.000 level! Due to Microsoft's stock closing negative for 5 consecutive weeks since its recent peak, it has only rebounded in the past two weeks, not reversed! In the future, Microsoft's stock market is likely to continue to weaken. Let's explore the strong support below, with the bottom of the chart facing the 1.618 gold split!
AMD supported by the high point in late March of this year!AMD supported by the high point in late March of this year!
This chart shows the weekly candle chart of AMD's company stocks from May 2021 to the present. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, the recent high point of AMD company's stock has been suppressed by the 1.000 position of the top to bottom golden section in the figure! Then, AMD company's stock engaged in a long short competition between the 1.382 to 1.618 positions in the golden section of the chart from late June of this year to the beginning of this month. In the past three weeks, it has broken down and was supported by the high point in late March of this year! Just use the high point in late March this year (102.43) as the long short watershed for AMD stocks in the future!
Amazon stock has been breaking through all the way upAmazon stock has been breaking through all the way up
This figure shows the weekly candle chart of Amazon stock for the past three years. The top to bottom golden section of July 2021 is superimposed in the figure. As shown in the figure, Amazon stock has been breaking through all the way up since the end of January this year and completing the top to bottom shoulder positions in mid March. It has now reached the top to bottom golden section above 1.000, very close to 0.809, but has not reached the high point of the short start position in mid August 2022! So, in the future, we will use this high point and the 1.000 level of the top to bottom golden section in the graph as the long short range, with high selling and low buying within the range, and chasing up and selling out of the range!
APPL show a large triangular APPL show a large triangular
This chart shows the weekly candle chart of Apple's stock in the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the recent high click through of Apple's stock has broken through the 1.618 position of the bottom up golden section in the figure, and then fell down, showing a large triangular oscillation and consolidation pattern overall! So for a period of time in the future, the bottom of the graph should be used to determine the bullish and bearish divide of Apple's stock, with the 1.382 position of the golden section above it and the short range below it!
Top Performing Low Volatile Stocks so Time to ActUnveiling the Top Performing Low Volatile Stocks - Time to Take Action! I just scanned 6800 top performers!
I am thrilled to share with you the results of our latest scanning endeavor, where we have discovered 18 top performing very low volatile stocks that are poised to bring you remarkable returns. So, without further ado, let's dive into the details and explore some exciting investment opportunities!
Our meticulous scanning of the market has revealed a selection of stocks that have consistently demonstrated low volatility while delivering impressive performance. These stocks not only provide stability in uncertain times but also offer tremendous growth potential. It's like finding a hidden treasure chest, just waiting to be unlocked!
Now, let's get down to business. I encourage you to consider the following stocks for your investment portfolio:
NHC (National HealthCare Corporation): With a strong track record in the healthcare sector, NHC has shown remarkable resilience and steady growth. Investing in this gem could be a healthy addition to your portfolio.
CSCO (Cisco Systems Inc.): As a leading technology company, CSCO has consistently proven its ability to adapt and innovate. Don't miss out on the opportunity to ride the wave of their success.
IBKR (Interactive Brokers Group, Inc.): With its cutting-edge trading platform and extensive global reach, IBKR offers a world of possibilities for traders seeking reliable investments.
PSH (Pershing Square Holdings, Ltd.): Managed by renowned investor Bill Ackman, PSH has been a consistent performer and could be a valuable addition to your investment strategy.
These stocks have demonstrated resilience, stability, and the potential for significant returns. While past performance is not indicative of future results, it's always wise to consider these gems when making investment decisions.
Now, I urge you to take action and seize this opportunity to enhance your portfolio. Conduct your own research, review the financials, and evaluate the potential risks and rewards. Remember, investing is about finding the right balance between risk and reward, and these stocks might just be the perfect fit for your goals.
Don't let this chance slip away! Take the necessary steps to explore these stocks further, and who knows, they might become the shining stars of your investment journey.
If you have any questions or need further assistance, please do not hesitate to reach out by sending posting a comment. We are here to support you and help you make informed investment decisions.
JD Options Ahead of EarningsAnalyzing the options chain and the chart patterns of JD prior to the earnings report this week,
I would consider purchasing the 37.50usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.99.
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.
Sea Limited has reached a new lowSea Limited has reached a new low
This figure shows the weekly candle chart of the stocks of Sea Limited in 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, the stock of Sea Limited has reached a new low, dropping from its highest point of $372 to its current level of $40! Recently, the stock of Sea Limited has repeatedly tested the top to bottom golden section of the 1.618 position in the chart, and the reserve force has broken through the bottom, with a probability of testing the 2.000 and 2.382 positions below!
United States Steel Corporation opening high and rising highUnited States Steel Corporation opening high and rising high
This chart shows the weekly candle chart of the stocks of American steel companies in the past four years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, due to the stimulation of the acquired bullish news, the stocks of American steel companies opened short and high this week, opening high and rising high, directly piercing multiple pressure levels upwards! With the merger trend between traditional heavy industries starting, there will be more and more old industry leaders experiencing similar situations in the future!