ADTN 680%+ Long-Term Trade With Risks to ConsiderADTN is approaching my buy zone between $4.79 and $5.13 near historic lows. There are four key price targets on the way up, and the highest price target gives a potential ROI of around 680% if ADTN is able to return back to previous all time highs. There are some financial risks and concerns surrounding ADTN so I recommend reading articles to better understand the situation.
Entry Price: $4.79 to $5.13
Sell Targets:
- $7.48
- $13.71
- $24.90
- $37.46
Stop Loss: $4.65
I do recommend a stop loss given the financial concerns for ADTN.
Stocktrading
SBLK 200%+ ROI Trade Setup from Insiders in CongressNASDAQ:SBLK is gaining some attention today because Senator Tuberville has purchased $100k worth of SBLK stock, a stock that is focused on forestry and mineral shipping. Senator Tuberville sits on the Senate Committee of Forestry and Agriculture so he could have some insider knowledge here.
Buy price: $23 to $24 (I think an entry at $23 is possible, but I wouldn't mind buying at $24).
Sell targets:
- $77.50
- Previous all time highs are around $1,100.
Stop Loss: $22.50, if stopped out the re-entry price is around $16-17.
For now let's see if SBLK can get to $77.50 then we can discuss the other targets.
The end of the S&P uptrend?There has been a 12 week uptrend channel in the H4 timeframe starting from January 2024 through to today.
The S^P is now showing weakness as follows:
1) There is a triple top on H4 at 5190
2) Bearish Divergence
3) Resisted for 2 weeks in a row
4) Harmonic pattern to sell
Remember when a long bull run is broken, the bear run will be of a similar length.
Can you put up with 12 weeks of bearish moves? Time to take money off the table or if you are like me, go SHORT now.
AVD Great Buy Between $9.56 and $10.58.AVD has three simple trading levels and is trading near the lows around $9.56 to $10.58. There are long wicks down to $9.56 and below for the best entry opportunities. I think AVD could present a buy opportunity over the next few weeks or months and I would be willing to buy around $9.56 or lower. For now there has been a missed opportunity and AVD is trending up. I would wait for a pullback though.
LSF's Bullish Rebound and 2000%+ Long-Term Growth PotentialLSF reported strong earnings this week and had a very bullish rebound. I think LSF was a dead stock, and this week is likely to capture a lot of attention and interest. The weekly candle has broken through numerous resistance levels and there is little resistance on the way up to previous all time highs at $56. This is a 2000%+ growth potential from current price levels, but I think there could be a pullback first and a lower price entry. I would buy and hold to new all time highs for this one. I definitely recommend doing some research as well to see why there has been such a bullish week.
META: $440 is the least sellers can target.META Platforms may have turned neutral on the 1D timeframe (RSI = 53.558, MACD = 15.800, ADX = 23.681) but remain extremely overbought on the 1W (RSI = 76.808). The stock hit the HH trendline that dates back to January 2018, while the 1W MACD is about to form a Bearish Cross. During these six years, the stock has had five standard corrections (excluding the 2022 Bear Cycle) between -15.90% and -44.00%.
The minimum one was the most recent in August 2023. We expect at least such a -15.90% correction before buyers start accumulating again above the 1W MA50, so our sell target is placed accordingly (TP = 440.00).
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GOTO: Price Action Analysis After TikTok's AcquisitionTikTok, owned by ByteDance Ltd., has entered into a significant agreement to invest $1.5 billion in a joint venture with Indonesia's GoTo Group. As part of this deal, TikTok will acquire 75.01% of GoTo's PT Tokopedia for $840 million. This strategic move involves integrating TikTok Shop's Indonesia business into the expanded entity, marking TikTok's return to the e-commerce landscape in Indonesia. The partnership aims to navigate and strengthen the online retail market, presenting a substantial investment by TikTok in the region. The acquisition is set to reshape the e-commerce landscape and boost market competition.
The initial market response has been negative, potentially influenced by profit-taking after a strong run-up. Some analysts believe the negative sentiment could stem from concerns regarding the impact of the acquisition on both TikTok and Tokopedia's market positions.
Now, Let's delve deeper into the technical analysis of GOTO
After facing multiple rejections around a significant resistance area and a dynamic resistance line (EMA 200 Line), the price exhibited the formation of a rising wedge pattern. This pattern, marked by two converging upward-trending lines, saw a subsequent breakout characterized by a bearish Marubozu candlestick and a notable increase in trading volume. This occurrence suggests a continuation of the bearish trend, emphasizing the strong selling pressure in the market. The confirmation of this potential bearish scenario is further supported by the MACD Indicator, which exhibited a death cross. The convergence of these technical signals indicates a robust indication of ongoing bearish momentum toward the target area.
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on IDX:GOTO ."
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McDonald's: Is the Feast Over?
For McDonald's Corporation, we continue to believe that we are in a long-term downward correction on the daily chart. We completed the first 5-wave cycle with Wave (5), nearly at the all-time high of around $300. Since then, we've developed the subordinate Wave A and potentially also completed Wave B or at least its initial parts. We expect to see Wave C and the overarching Wave (A) at the level of the subordinate Wave A, i.e., at $245.88. However, if Wave B extends beyond 138%, or $319, and we break above this $319 level, our scenario would be invalidated, and we would need to reconsider our analysis. Until then, we anticipate a subordinate Wave ((c)) moving towards subordinate Wave B in a zigzag pattern, as the structure from Wave A to subordinate Wave ((a)) is a five-wave impulse, indicating a zigzag movement is the only possibility. Therefore, we expect a decline to between $267 and $258, followed by a reversal to develop Wave B, potentially at 138% or 127.2%.
MEDC: Repeating Bullish Pattern, Upside Potential +16%?Hi Realistic Traders, let's delve into the technical analysis of IDX:MEDC !
The current market trend for the stock unmistakably showcases a bullish continuation pattern, marked by consistent upward movement above the EMA200 Line, signaling enduring momentum. At the same time, MEDC has formed a descending broadening wedge pattern twice. In December 2023, this pattern served as a catalyst, igniting a bullish reversal or heralding the start of a bullish trend. Yet, the subsequent formation of the descending broadening wedge pattern took on a new significance, becoming a widely recognized indication of ongoing bullish sentiment.
What's particularly notable is the recent breakout from the DBW pattern, accompanied by a significant surge in trading volume. This reinforces our confidence in a sustained upward trajectory. Given these compelling indicators, we anticipate an exciting potential upward movement in price. Our analysis points to a designated target ripe for potential gains, making this an enticing opportunity for traders looking to capitalize on market trends.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Medco Energi International."
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COCR.N0000Wait for pullback to 30
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
EXPO.N0000 - How to buy and sellBuy and Sell zones mentioned in the chart.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
BIL.N0000 - Strong Support, Buy and Sell ZonesIf you missed the chance to buy BIL less than 5, you can wait for a pullback to buy zone in the chart.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
WATA.N0000Buy Zone - 70 to 75
Target - 85+
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
INFOSYS (INFY) Big Bullish Move is coming soonFundamentals of Company
1. Consistent Growth of Company & Increasing Profits Year on Year
2. Great to Fair Valuation
3. Strong Big Players Holding
4.Robust management
5.IT Sector is Outperforming & Flourishing
Technical Factors for Buying
1. Completion of Accumulation & Formation of HH + HLs on Daily & Weekly TF
2. Retest of major breakout completed
3. Bullish pattern Formation on Daily TF on 7 Mar 24.
4. Wick & Strong rejection on Weekly TF
5. All Momentum & Price based Indicators are also in buying direction
SPLK | Splunk & CiscoShares of Splunk were up 21.3% as of 1:10 p.m ET Thursday after the data analytics and observability specialist agreed to be acquired by Cisco Systems
More specifically, on Thursday morning Splunk announced it has entered into a definitive agreement under which Cisco will acquire the company for $157 per share in cash a roughly 31% premium from Wednesday's closing price. The deal places an equity value on Splunk of approximately $28 billion.
"We're excited to bring Cisco and Splunk together," said Cisco CEO Chuck Robbins in a statement. "Our combined capabilities will drive the next generation of AI-enabled security and observability."
Splunk, for its part, was already up nearly 40% year to date leading into the announcement, helped by a post-earnings pop last month after the company delivered significantly stronger-than-expected fiscal second-quarter results. At the time, Splunk CEO Gary Steele highlighted his company's focus on accelerating innovation as a key beneficiary of the rise of artificial intelligence stocks.
The acquisition has already been unanimously approved by both companies' boards of directors, but still requires the approval of regulators and Splunk shareholders. Assuming all goes as planned, the transaction should close by the end of the third quarter of calendar year 2024. Cisco believes the purchase should be cash-flow-positive and gross margin accretive in the first fiscal year post close, and accretive to nonGAAP earnings per share in the second year.
Splunk stock is trading at a modest 7.7% discount to the agreed purchase price. So given the cash nature of the deal -- and unless waiting longer to sell might qualify you for long-term capital gains tax rates on your profits -- I think most Splunk shareholders would do well to take their money and put it to work in any number of other promising stocks.
SPLK is super bullish because its passed 50 and 200 EMA and also it broke 109$ resistance as well, the volume and most indicators are bullish too
NVDIA: Is it finally correcting?NVDIA Corporation is having a -5.50% day so far and that was enough to make the 1D timeframe not overbought again (RSI = 69.907, MACD = 67.840, ADX = 37.914) for the first time since February 21st. On the 1W timeframe though it remains vastly overbought (RSI = 89.349), which means that on the long term the stock has considerable room for a downward correction.
However on this 1D chart, there are no signs of a bigger correction yet, just a 'standard' -21% to -26%, which gives a short term target on the middle of the 18 month Channel Up (TP = 775.00).
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ALL TIME HIGH BREAKOUT NSE:TATASTEEL
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