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ALIBABA: 1W Bullish Cross leading it to 220. Cycle repeating.Alibaba is neutral on the 1W timeframe (RSI = 46.095, MACD = -1.100, ADX = 22.119) but with the RSI on HL since March 2022. Having crossed already over the 1W MA50 and being on the verge of the first 1W MA50-100 Bullish Cross since April 2019 (and the third ever), this bullish divergence is exactly what has historically formed before BABA's two prior bottoms. The 1W MA50-100 Bullish Cross has been the buy entry signal. It is evident that all bottom patterns are identical in the form of a Triangle. The target from top-to-bottom has been the 1.786 Fibonacci extension. That is our long term target (TP = 220.00). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:BABALong
by InvestingScope
7
US CPI Data, Fed Rate Hike Decision Due This Week: Implications The US Customer Cost Record (CPI) information for September is due to be discharged on Wednesday, taken after by the US Government Reserve's intrigued rate choice on the same day. Both of these occasions have the potential to altogether affect the forex and stock markets. The CPI information could be a degree of expansion, and a higher-than-expected perusing may lead to assist tightening of monetary arrangement by the Encouraged. This can be since the Bolstered is entrusted with keeping expansion in check, and it'll likely raise intrigued rates on the off chance that expansion is running too high. A higher-than-expected CPI perusing might too lead to a sell-off in stock markets. This is often since higher intrigued rates can make it more expensive for companies to borrow cash and contribute, and it can moreover weigh on buyer investing. The Fed's intrigued rate choice is additionally likely to have a major affect on the forex and stock markets. A 75 premise point rate climb by the Bolstered is broadly anticipated, but a larger-than-expected rate climb might lead to a sell-off in stock markets and a more grounded US dollar. Forex Suggestions A higher-than-expected CPI perusing or a larger-than-expected rate climb by the Nourished may lead to a more grounded US dollar. This is often since financial specialists tend to purchase secure safe house resources, such as the US dollar, when they are expecting higher intrigued rates or instability within the markets. Stock Suggestions A higher-than-expected CPI perusing or a larger-than-expected rate climb by the Fed may lead to a sell-off in stock markets. This is since higher interest rates can make it more costly for companies to borrow cash and contribute, and it can too weigh on customer investing. Conclusion The US CPI data and the Fed's intrigued rate choice are two of the foremost critical financial occasions of the week. Both of these occasions have the potential to significantly impact the forex and stock markets. Speculators are exhorted to screen these occasions closely and be arranged for instability. Sources: Bloomberg: "US CPI Data, Fed Rate Hike Decision Due This Week" Reuters: "US CPI Expected to Ease in September, But Stay Elevated" I hope this post is helpful. If you agree with the idea, please follow and share this with others too. This analysis is based on the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
CAPITALCOM:DXY
by YExplore
PEPSICO: Are you willing to take that risk on the 1W MA200?PEPSICO took a strong fundamental blow yesterday, reaching remarkably oversold technical levels on the 1W timeframe (RSI = 19.097, MACD = -4.010, ADX = 44.557). On today's opening it hit the 1W MA200 for the first time since the March 2020 COVID crash. If it weren't for that crash, PEP would have never broken the long term Channel Up and today's candle would be exactly on its HL bottom. Under the current circumstances it looks like a big risk but every time the stock crossed under the 1W MA200 and the 1W RSI got oversold (under 30.000), it was the buy opportunity of a Cycle. Those two bottoms instantly rebounded to the 0.786 Fibonacci level, so that sets a target for us at 187.00. Are you willing to take that risk? ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:PEPLong
by InvestingScope
6
Unveiling Alibaba's Secrets: A Technical Analysis of Its Future NYSE:BABA Based on the weekly ElliotWaves analysis , BABA is currently in a corrective wave structure. The corrective wave structure is a complex wave pattern that can take many different forms. However, the most common corrective wave structure is a three-wave ABC pattern. BABA appears to be in the wave B of the corrective wave structure. Wave B is a retracement of wave A. We can expect to see BABA continue to move higher in the coming weeks . However, it is important to note that wave B retracements can be sharp and volatile, so we may have a final push on the downside, before the long-term uptrend begins. Therefore, it is important to be cautious when trading BABA during the wave B retracement and a stronger price confirmation is needed. BABA's RSI is currently at approx. 50, which is neutral territory. This suggests that BABA is neither overbought nor oversold. However, the RSI is trending higher, which suggests that BABA is likely to continue to move higher in the coming weeks. BABA's MACD is currently above its signal line, which is a bullish signal. This suggests that BABA is likely to continue to move higher in the coming weeks. Potential Direction of BABA on a Weekly Timeframe Based on the ElliotWaves, RSI, MACD, and other technical tactics, BABA is likely to continue to move higher in the coming weeks. However, it is important to note that the market is unpredictable and there is always the possibility of a trend reversal. Therefore, it is important to be cautious when trading BABA and to use a stop-loss order to protect your profits. I hope this post is helpful. This analysis represents is based on the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
NYSE:BABA
by YExplore
EIHOTEL - INVEST & HOLD FOR 2 MONTHSEntry Level : 222 SL : 202 Targets : 242,256,273+ 52wk High : 274.95 52wk Low : 150.35 Mkt Cap : 139.49 B Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:EIHOTELLong
by Jagadheesh_JP
SPX: I think it is bullishThe recent correction has everyone rattled. Debt crisis, Fed crisis, Rate crisis, Crises everywhere. On Monday Oct 2nd, market closed with a tail candle that retested 200 EMA and put in a higher low. This itself is a pretty bullish sign, albeit, nothing is certain at the moment. What we do not see is a close below 200 SMA, retest and failure. Bull case is a price movement above 4330 and eventually a break of the resistance trendline. EW count-wise I believe minute degree wave 4 is complete, although, it can still be a triangle and keep chopping for the month of October as well. Either case, Minute 5 or Minor 3 target would be at an ATH 4827. This price action is following Fibonacci pinball to the T. Minor 4 could also take a couple more months to play out before putting in the intermediate degree wave A or 3 at little of 5k. But that is still far away. NDX is taking the lead on this recovery, which is a very good sign as well. I am going to put in my target trades probably tomorrow. Let's see how it goes!
SP:SPXLong
by mukit1
Time for Pain $SPYAMEX:SPY is now at its support on the Weekly Chart. This support, around the $420 level, is the last major support before we would reach the next target (Pink Box). The Pink Box is the Median Line of the Downwards facing Orange Pitchfork. Alan Andrew's states that 'price has an 80% chance of reaching the latest median line'. In order to achieve that 80% rule, and to create a double bottom, that point would be around the beginning of 2024 and the $350 price point. IF this scenario were to play out (Bonds are crashing as I type this up), then we would see about a ~15-20% Selloff.. And that is just to the median line. There is also a 35% chance that we go FURTHER beyond that median line (if achieved). Buckle up.
AMEX:SPYShort
by waveology
Netflix's Bullish Trend Ending: Traders, Prepare for Downtrend!Hi Realistic Traders. Here's my price action analysis on Netflix In our close examination of NFLX, the streaming titan, a compelling narrative unfolds. Initially, a double-top pattern emerged between July 2020 and January 2022, followed by a significant breakout from the neckline. This breakout confirmed a bearish reversal, resulting in a remarkable 70% decline from its peak. However, the plot deepens. NFLX recently revisited its double-top pattern's neckline while concurrently crafting a channel chart pattern. Adding to the intrigue, NFLX struggled to regain its former heights and descended below both the lower trendline and the dynamic support line, a classic sign of a sustained bearish trajectory. Not to be overlooked, the Stochastic indicator chimed in with a bearish divergence, providing further validation for the impending downward movement. Our target price? Set conservatively at under $300. Traders, prepare for a captivating journey ahead! It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! 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 NASDAQ:NFLX ."
NASDAQ:NFLXShort
by financialfreedomgoals101
4
TESLA Over the 4H MA50 again. Hyper leg rally is starting.Tesla closed over the 4H MA50 again, a strong display of bullish momentum, turning the 1D technical outlook marginally bullish again (RSI = 55.241, MACD = -0.880, ADX = 30.931). The 4H MACD formed a Bullish Cross, same as April 28th that was a bottom on the Channel Up pattern. We stick to our long term TP = 325.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
2
LDEV.N0000Having a resistance on 200 Daily MA and support around 50 Daily MA. Closely monitor two buy zones. 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.
CSELK:LDEV.N0000Long
by rukshan2102
GRAN.N0000There is a gap in above chart. There is a possibility that gap will be filled in near future. 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.
CSELK:GRAN.N0000Short
by rukshan2102
SciPlay | SCPLIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story even if these companies are loss-making. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in SciPlay. While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation especially if its growing. If a company can keep growing earnings per share long enough, its share price should eventually follow. That makes EPS growth an attractive quality for any company. We can see that in the last three years SciPlay grew its EPS by 13% per year. That's a good rate of growth, if it can be sustained. Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. While SciPlay did well to grow revenue over the last year, EBIT margins were dampened at the same time. If EBIT margins are able to stay balanced and this revenue growth continues, then we should see brighter days ahead. You can take a look at the company's revenue and earnings growth trend, in the chart below. Click on the chart to see the exact numbers.You don't drive with your eyes on the rear-view mirror, so you might be more interested in this free report showing analyst forecasts for SciPlay's future profits. It's a good habit to check into a company's remuneration policies to ensure that the CEO and management team aren't putting their own interests before that of the shareholder with excessive salary packages. Our analysis has discovered that the median total compensation for the CEOs of companies like SciPlay with market caps between US$2.0b and US$6.4b is about US$6.7m. The CEO of SciPlay only received US$3.3m in total compensation for the year ending December 2022. That's clearly well below average, so at a glance that arrangement seems generous to shareholders and points to a modest remuneration culture. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of good governance, more generally. One important encouraging feature of SciPlay is that it is growing profits. To add to this, the modest CEO compensation should tell investors that the directors have an active interest in delivering the best for shareholders. So based on its merits, the stock deserves further research, if not an addition to your watchlist. While we've looked at the quality of the earnings, we haven't yet done any work to value the stock. So if you like to buy cheap, you may want to check if SciPlay is trading on a high P/E or a low P/E, relative to its industry. Shares of SciPlay Corp. rose after the company agreed to be acquired by Light & Wonder. There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features or you can count on our experts.
SLong
by moonypto
US10Y: Soaring Bond Yields as Federal Reserve Maintains Hawkish The Fed Hawkish Stance During Wednesday's address, Federal Reserve Chair Jerome Powell reinforced his stance on tackling inflation with a more cautious approach. He emphasized that the central bank is not yet finished with its efforts to curb inflation and hinted at the possibility of implementing multiple interest rate increases during future monetary policy meetings. Powell's statement comes as a response to the ongoing challenge of bringing down inflation, which has consistently remained above the central bank's target of 2%. Notably, some Fed officials have emphasized in recent speeches that inflationary pressures persist. They specifically highlight core inflation, which excludes the volatile prices of food and gas, as not decelerating as rapidly as overall inflation. The aforementioned statement supports the potential scenario of higher Government Bond Yields in the future, as an increase in interest rates typically correlates with elevated yields. Technical Analsyis The U.S. government's 10-Year Bond Yield has undergone a retracement, precisely at the 0.5 Fibonacci ratio, establishing a support area. Notably, the yield currently exhibits a bullish trend as it remains above the EMA 200 line, indicating positive market sentiment. Furthermore, the Falling wedge pattern suggests a continuation of the prevailing trend. Complementing this observation, the stochastic line crosses within the neutral area, further bolstering the case for a possible upward movement toward the target area. It is important to keep in mind that once the target/support area is reached, the roadmap provided may no longer be valid. If you find this analysis helpful, I encourage you to show your support by clicking the rocket button and sharing your opinions in the comments section below. "Disclaimer: This analysis is intended solely for educational purposes and should not be considered as a recommendation to take a long or short position on the TVC:US10Y ."
TVC:US10YLong
by financialfreedomgoals101
9
CHEVRON: Best buy on the current market conditions.Chevron is trading inside a Channel Up pattern with the 1D technical outlook bearish (RSI = 42.924, MACD = 1.030, ADX = 27.596). This is expected since the 1D RSI entered the Buy Zone where the last two HH legs started. As seen on the chart, the price hit the bottom of the Channel Up, a standard buy entry inside such patterns. The slightest rebound will also form a 1D Golden Cross. The stock is therefore sitting on a triple buy signal, with an obvious R Zone right above it. We are targeting the R2 level (TP = 172.90). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:CVXLong
by InvestingScope
COCA-COLA: Bad for your health and pocket?The Coca-Cola company has been inside a non-stop decline since July 27th, rending the 1D timeframe technically oversold massively (RSI = 20.830, MACD = -1.200, ADX = 60.609). Even on the 1W timeframe that we are looking at, the 1W RSI (28.402) is on its lowest valuation since COVID. The stock crossed under the 1W MA200, which supported last October (2022), and is about to enter the S1 Zone. When it does, we can attempt a first buy, keep it as long as the Zone's bottom is intact and target the top of the Channel Down pattern (TP = 63.50). If it crosses under the S1 Zone, we will attempt one last buy at the bottom of the Channel Down, again targeting its top (TP = 62.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:KO
by InvestingScope
6
COSTCO: Watch this buy breakout level leading to All Time HighsCostco Wholesale Corporation is testing the R1 level (571.65) for the third day straight on a nicely balanced bullish 1D technical outlook (RSI = 60.287, MACD = 2.930, ADX = 22.559). Since the dominant pattern thus far is a Channel Up, if the 1D candle closes over the R1 level, traders should regard it as a bullish breakout opportunity, targeting the R2 level (TP = 612.00) which is the stocks ATH. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:COST
by InvestingScope
1
NFLX, Severe Factors to Confirm Huge BEARISH-Wave Breakout Next!Hello There! Welcome to my new analysis of NFLX. The NFLX price action already determined a heavily bearishly inclined bear-market wave towards the downside printing a bearish wave of over -70% and liquidating a ton load of bull-trapped positions with the crucial bearish wave A. Now, NFLX is in this meager uptrend which is not anything than a next continuation pattern as the volume is decreasing and the institutional smart money operator's short-side positions increased heavily. Now, NFLX is already approaching the crucial upper distribution resistance channel within the gigantic bearish descending channel formation from where the next bearish wave towards the downside is likely to emerge next. In this case, the next bearish wave acceleration phase is going to happen when NFLX breaks out below the 100-EMA which will be the last frontier to the massive bearish determinations to follow once this breakout happened. With the huge ascending wedge formation that NFLX formed before the bear market decline, NFLX already set the origin of this bearishly inclined structure. This means that with the current weak uptrend that has no volume, no momentum, and no smart money backing the final bearish bear flag breakout is more than overwhelmingly likely. Once this breakout has been activated it is going to be the origin of the bearish expansion wave C towards the lower levels. Taking all these factors into consideration NFLX is definitely a bearish inclined stock currently and the major disruptional bearish momentum continuations are likely to emerge anytime soon. In this case, it is necessary to approach the short-side opportunity appropriately, a potential entry setup has already formed as the volume declines more and more and NFLX already finalized the bear flag formation. Because of the significance of this whole bearishly inclined determination, I am keeping NFLX on the short candidate's watchlist. Thank you everybody for watching my idea about NFLX. Support from your side is greatly appreciated. "In a bear market, you have to use sharp countertrend rallies to sell." VP
NASDAQ:NFLX
by VincePrince
41