An undervalued stock ready to breakoutAn undervalued stock in the packaging industry, Polyplex has been stressed in this bull run and is currently trading below its book value.
Volume is building up and DMI indicates buyers momentum building up. Any move above 1100 should propel the stock price upwards from here
Entry - 1100
Will update SL and Target once trade is triggered
Stocktrading
🚀 Rocket Lab (RKLB) 🚀 Rocket Lab (RKLB) achieved ten successful launches in 2023 and secured a $515 million US government contract, leading to a 22% surge in shares.
The company's success contributes to a 40% increase in shares this year, maintaining a bullish sentiment with an upside target of $7.50-$8.00 and support at $4.00-$4.10. 📈🛰️
#RKLB #StockMarket
The Good the Bad and the Neutral scenarioLet's all wish a happy new year!
Let's all see the ads for the super products
don't worry if you don't .. the company knows how to do it!
* Let's remember those in our local area who need to sell their products (or online) and buy some (good scenario)
* Let's see more ads without buying nothing (Bad scenario for now)
* Let's see what our favourite people do with smoke signals until the market gives us the up or down signal
If you liked this idea or if you have your own opinion about it, write in the comments.
Thanks for reading!
Bearish Channel Breakout, Setting Stage for a Return Above $300?Hi Realistic Traders. Here's my price action analysis on NASDAQ:TSLA !
On May 23, 2023, Tesla (TSLA) exhibited a breakout from the bearish trendline, sustaining its upward trajectory with consecutive higher highs and lows. Following this, TSLA's bullish momentum moderated, leading to the formation of a bearish channel. Notably, there has been a recent breakthrough above the upper trendline of this bearish channel, signaling a robust bullish indication. Adding to the bullish narrative, the momentum indicator (MACD) has executed a golden cross, further affirming the potential for continued upside movement toward the specified target area.
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 TSLA."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Will the S&P500 Index Touch a New All-Time High(ATH)❗️❓📈Because the S&P500 Index is near an All-Time High(ATH), I decided to analyze this index for you and answer the question of whether the S&P500 Index can create a new All-Time High(ATH) or not.
🏃♂️The S&P500 Index has already managed to break the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and is moving near the 🟡 Price Reversal Zone(PRZ) 🟡 and Resistance lines .
🔔I expect two scenarios for the S&P500 Index:
The scenario of S&P500 Index falling to the broken 🔴 Resistance zone( $4,640-$4,540 ) 🔴 (as a pullback ) and rising again.
In the second scenario, the S&P500 Index falls to the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and continues falling to the Fibonacci levels that I marked for you in the chart. We saw a bull trap in this scenario.
🔔So, in general, I expect that the S&P500 Index will NOT be able to break 🟡 Price Reversal Zone(PRZ) 🟡and will decrease by at least ➖3% in the coming weeks.
S&P500 Index (SPXUSD),4-hour 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
AAIC.N0000Buy Zone - 66 to 76
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.
PLR.N0000Buy Zone - 8 to 8.5
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.
EXXON MOBIL: Strong buy at the bottom of a 1 year Rectangle.XOM has been trading inside a Rectangle pattern since the October 11th 2022 low and just last week the 1D RSI got oversold below 30.000. Now the 1D technical outlook is neutral (RSI = 46.595, MACD = -1.790, ADX = 43.208) but that oversold level was the first buy signal as it took place very close to the Rectangle's bottom.
The second and final validation buy signal will be when the stock closes a 1D candle over the LH trendline. Yesterday it crossed over it but closed on it. We will take this opportunity to target the 0.786 Fibonacci level (TP = 115.00) as this was the minimum target that the previous three rallies hit.
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News Analytics Align with Technicals' Slight Bearish Momentum ☄️Dear Investors,
Chart Explanation
I believe if Tesla doesn't break out from the bearish triangle, it could downtrend to $225. This is the target price of multiple scenarios. The stock is volatile enough to fall to this price without additional confirmation. However, if the price meets the resistance trendline I marked with red, it can still spiral into the mentioned target zone. The chart shows how this resistance indeed rejected rallies many times over the previous months. I drew red arrows where I believe the resistance rejected the price. If the price breaks up this resistance, bullish scenarios will become more probable and Tesla will prepare for the moon. At the moment, however, the number of bearish scenarios suggests a better risk-reward ratio for shorts with losing the EMAs today. I've got a short myself from $251, and I'd consider increasing this position size if I see another rejection near the resistance. On the other hand, a breakup of the resistance would mean taking profits from these positions and preparing for a long setup. The $225 target aligns with multiple historical gaps that the stock is yet to fulfill. From that level, it can either break down or reverse up. There are possible targets on both sides. So, I think, it's important to monitor news and technicals alike. In this idea, I'd like to give you some news trading insights and how I see the technical indicators.
News Trading - Natural Language Processing
☄️ Tesla's production and delivery growth has slowed in recent quarters. The company's production growth slowed to 54% in the fourth quarter of 2022, from 119% in the third quarter. Deliveries also slowed to 936,000 in the fourth quarter, from 1.39 million in the third quarter. This slowdown could be a sign that Tesla is facing production bottlenecks or supply chain disruptions.
☄️ Tesla's gross margin has declined. The company's gross margin was 27.9% in the fourth quarter of 2022, down from 30.6% in the third quarter. This decline could be a sign that Tesla is facing higher costs or that it is discounting its cars more heavily to boost sales.
☄️ Tesla's stock price has been volatile in recent months. The stock price has fallen by more than 40% from its all-time high in November 2021. This volatility could be a sign that investors are uncertain about Tesla's future.
☄️ There are concerns about Tesla's ability to scale production efficiently. The company has ambitious plans to produce 20 million vehicles per year by 2030, but analysts have questioned whether Tesla can achieve this goal without facing significant production bottlenecks.
☄️ Tesla's competitive landscape is becoming more crowded. The electric vehicle market is becoming increasingly crowded, with new entrants from established automakers and startups alike. This could put pressure on Tesla's market share and pricing power.
Technical Indicators
MACD has been bearish since 29 November as the bottom indicator shows. The bearish momentum isn't too strong, but it's been consistent over the last week. On the RSI, above the MACD indicator, I can see a bullish RSI cross attempt, but this cross failed and became a bearish indication. The volume bars have been somewhat stable over this time, which might not enforce a strong bearish momentum, but it shows a lack of volume necessary for reversal.
Disclaimer
It's not an investment advice. Do your research. Your funds are your responsibility. This speculation serves only entertainment purposes.
Kind regards,
Ely
JP MORGAN: Can extend this rise to the top of the Channel UpJPM may be overbought on the 1D technical outlook (RSI = 82.199, MACD = 3.72, ADX = 70.645) but is extending the bullish leg of the 14 month Channel Up. It sits comfortably over its middle and calls for an extension. We will enter on the closing of the first red 1D candle and target the 1.618 Fibonacci extension (TP = 174.00), which was the December 1st 2022 HH.
See how our prior idea has worked:
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SPX BUYEarlier I talked about this zone, the leverage is almost non-existent because I believe that the swing low is somewhere here, if the price denies me, I will accept it through the management.
Fibonacci 0.318 plus 200dma always good to see.
Below $4150 I don't believe it's bullish anymore and we'll accept that.
TP new ATH
FDIG shaping up nicelyAnything tied to crypto is all looking bullish. This ETF from Fidelity Is coming around very nicely. Nice curve with consolidation on support. With Bitcoin sliding its way up Im i would expect theses to follow Im looking for a target around 25 for the short term. Im not all the way sold on a bullish BTC yet but these etfs are a nice way to benefit from btc and cryto rallies
AVGO: Eyeing an aggressive bullish breakout. Broadcom Inc is overbought on the 1D technical outlook (RSI = 75.003, MACD = 23.960, ADX = 31.411) but on the long term it is only testing the middle of the 1 year Channel Up pattern. This recent rally was initiated after the 1D MA50 held on December 6th. If the middle of the Channel Up breaks, we will go long and target the top (TP = 1,300) as it could be a bullish breakout as aggressive as May 26th. If it doesn't break, we will wait for another pullback to the 1D MA50 and then buy towards the middle again (TP = 1,100).
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LIOC.N0000LIOC Update on 01/11/2023
LIOC trying to break 50 Daily MA line. If LIOC can close few more daily candle 50 DMA line, then LIOC might run till 200 Daily MA level. So short term target will be 150.
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.
Tesla Daily Considering that this symbol has been in correction for a long time and the result of this correction is the rise of this stock Therefore, it can be considered that the purchase of this share is valuable and it is kept for the specified purposes Also, Chico's crossing of the price is the main factor for entering into the purchase
GOOGLE: Strong buy for $155.Google opened today under the 1D MA50, neutral on its 1D technical outlook (RSI = 48.601, MACD = -0.240, ADX = 32.196). Through out 2023, a 1D RSI value below 50.000 has been a buy opportunity and even more so now that the price is near the bottom of the twelve month Channel Up. This consolidation during the last Bullish Leg of the Channel Up (April 6th - May 5th), was the last buy opportunity before the stock resumed the rise and peaked over the 1.618 Fibonacci level for a HH. We are buying again on GOOG, this time aiming over its All Time High, exactly on the 1.618 Fibonacci (TP = 155.00).
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UXVY Potential Short Term BounceUsing the previous bounce back in September 1st and had a month of bullish trading, I believe that in the near short term there may be another bounce. The RSI is beginning to show signs of upward strength. Despite this, there is strong bearish pressure as of now. Keeping an eye on this pair.
PARAMOUNT: The Golden Cross won't save it. Strong short.Paramount is technically at the very high bullish levels on the 1D timeframe (RSI = 67.184, MACD = 49.860, ADX = 37.093) and just formed the first 4H Golden Cross since January 30th 2023. Being very close to the top of almost a 2 year Channel Down, this rise appears to be coming to an end. Being fairly similar to the Feb 1st peak, both in terms of % range (+65% against +60%) and timing on the 4H Golden Cross, we expect a similar pullback to on a 2 month basis. First target the 0.382 Fibonacci and 1D MA50 (TP1 = 14.25) and on the next bounce, the 0.618 Fibonacci (TP2 = 12.65).
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NVDIA: Will the 1D MA50 hold?NVDA is neutral on its 1D technical outlook (RSI = 48.753, MACD = 1.350, ADX = 31.640) as the Channel Up since the October 13th 2022 bottom has transitioned into a Rectangle where the stock in consolidating. The price is exactly on the 1D MA50 in the last three sessions, making it a key support for a possible continuation of the uptrend. If it holds, it will continue to follow a pattern similar to October-December 2022 when a 0.5 Fibonacci hold catapulted the price to the 2.0 Fibonacci extension. The RSI trend makes the comparison more easy to understand.
The Rectangle pattern is favorable for us at the moment as it provides an extra validation point. We will only buy if NVDIA crosses over its top and as the fractal suggests, target the 2.0 Fibonacci level (TP = 635.00).
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TESLA: 'Final boss' Resistance test.TSLA was rejected on the November 29th test on the LH trendline of July's High but upon the pullback it held the 4H MA50 and reversed. Contrary to the previous LH rejections (Oct 11th, Sep 15th), the stock is being given the chance to make another test on a very short time. Being still bullish on the 1D technical outlook (RSI = 57.232, MACD = 1.890, ADX = 23.357) suggests that if the 4H MA50 remains intact, Tesla can finally cross over this five month Resistance trendline and start a new rally.
The longer the price stays this high, the more quicker a 4H Golden Cross will be formed, which is will be a bullish signal validation. Last 4H Golden Cross was registered on June 5th, almost halfway through the three month rally. In any case, it the LH of July successfully breaks, we expect the established Channel Up pattern from the October 31st bottom to make another +20% rally to the R1 level (TP = 278.00).
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