APPLE LongWaiting for confirmation low to enter our lev position, otherwise accumulating at these levels for the swing.
180$ would be the perfect target for then a retrace to the low and confirm the support a second time.
TECH
JD.COM showing upside soon to come to $35Inverse Head and SHoulders seems to be forming on the JD.COm
The market has come down from a high of $42 down to $21 since July 2023.
Then there was a solid consolidation and higher lows forming, before the next move.
Now we do have a potential Inv H and S but it's still of a Medium Nature.
Price>20
Price<200
The target is around $35.01 but we need the price to first break up and out of the neckline.
Let's wait and see.
Alphabet Inc (Google) Class AWeekly chart in logarithmic scale.
Friend indicator @Julien_Eche
1. Overall Trend:
- The chart shows a long-term bullish trend for Google's (GOOGL) stock. The share price has seen steady progression from 2009 to 2024.
2. Trading Channel:
- A well-defined trading channel can be identified, with parallel trendlines that establish the range of fluctuations in the long run.
- The price moves within this channel, with regular bounces off the support and resistance lines.
3. Consolidation Phases:
- Some consolidation phases are observed, where the price has seen lateral movements, such as in 2011-2012 and 2018-2019, before resuming the uptrend.
4. Upside Potential:
- Currently, the price seems to be near the upper limit of the channel, suggesting limited upside potential in the short term.
- However, the trading channel implies the possibility of continued long-term bullish trend, if the price can decisively break above this current resistance level.
In summary, the chart displays a long-term bullish trend for Google's stock, with a well-established trading channel that frames the price fluctuations. This suggests further upside potential, provided the price can overcome the current resistance.
Make up your mind before placing an order.
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Tesla Stock Down 30% This Year. What Happened to the EV King?The electric-car maker is in dire need of charging after losing more than $260 billion this year and turning Elon Musk into the biggest loser among the world’s wealthiest.
Table of Contents
» How It Started vs How It’s Going
» Nothing Magnificent About It
» Competition Revs Up
» Teslas Pile Up on Weak Demand
» If You’re Having a Bad Day, Read This
📍 How It Started vs How It’s Going
Tesla (ticker: TSLA ) kicked off the year as the big tech highflyer we all know. With a valuation of more than $780 billion, the electric-car maker stepped into 2024 as the world’s largest EV seller. Deliveries were standing at record highs and chief executive Elon Musk was the world’s richest person and was looking at a gargantuan $55 billion pay day.
All of that was taken away in one way or another. Chinese automaker BYD (ticker: 1211 ) dethroned the EV kingpin by selling 526,000 EVs for the fourth quarter of 2023, more than Tesla’s 484,000. Even as Tesla reclaimed the top spot in the January through March quarter, it flagged a worrying signal that its business was shrinking.
As for Elon Musk, he lost a court battle over his lofty $55 billion pay package when a judge called it “an unfathomable sum.” Shortly before that, he handed the World’s Richest title to Amazon founder Jeff Bezos .
📍 Nothing Magnificent About It
Chugging through first-quarter twists and turns, Tesla drifted away from the highly exclusive club called the “Magnificent Seven.” The group of companies with a snappy nickname is made up of Microsoft (ticker: MSFT ), Nvidia (ticker: NVDA ), Facebook parent Meta (ticker: META ), Google parent Alphabet (ticker: GOOGL ), Amazon (ticker: AMZN ), Apple (ticker: AAPL ), and outsider-in-the-making Tesla (ticker: TSLA ).
How did that happen and why is Tesla at risk of falling out of the Magnificent Seven? Tesla’s valuation — which is notoriously volatile and hard to pinpoint — saw a massive 30% drop over the first three months of 2024, turning the stock into the worst performer in the S&P 500. More than $260 billion has been washed out since early January, giving the EV maker a price tag of around $520 billion today. Zoom further out, and you see Tesla peaked during the Reddit stocks meme-trading era of 2021 when shares hit an all-time high of $417. Back then, Tesla became the first car manufacturer to break into the $1 trillion club.
Tesla stock has lost about a third of its valuation this year. Source: TradingView
The drastic fall spotlights a stark difference between Tesla and the rest of the Magnificent Seven big shots. The other tech giants are at the top of well-developed yet competitive industries. Take for example Microsoft — the software mainstay has created for itself a competitive moat in the enterprise and retail software business.
Tesla, on the other hand, is the trailblazer for the EV revolution but charged up rivals are shifting gears, threatening to soak up market share fast.
📍 Competition Revs Up
Chinese smartphone maker Xiaomi (ticker: 1810 ) last week unveiled a slick-looking, tech-rich electric ride. The model is called SU7 and it clocked up 10,000 reservations in the first 4 minutes after launch. Then it got to 89,000 in 24 hours. The successful launch bumped Xiaomi’s market cap by $4 billion to around $50 billion, or 10 times less than Tesla. The SU7, however, is priced lower than a high-end Model 3.
Tesla has more rivals to outsell, among them BYD (ticker: 1211 ) and the more-niche player Rivian (ticker: RIVN ). Rivian is an EV startup that marked a 70% increase in sales for the first quarter. The number, however, is a tiny 13,980 units delivered.
📍 Teslas Pile Up on Weak Demand
Tesla’s year went from bad to worse this week when it announced it had delivered 386,810 EVs in the first quarter. The number was about 20,000 below the most bearish forecast on Wall Street. It was also 9% lower than last year’s first quarter, indicating that the company’s business is shrinking.
More importantly, Tesla produced 433,371 units, leaving about 46,000 waiting to be purchased by customers. The difference between production and deliveries meant that unsold models are piling up. A demand issue maybe?
📍 If You’re Having a Bad Day, Read This
In all that chaos, Elon Musk emerged as the world’s worst moneymaker, taking a huge blow to his net worth so far this year. According to the Bloomberg Billionaires Index , the eccentric engineer is down $45 billion to roughly $180 billion, taking the number one spot on the loser board.
Elon Musk owns a 20.5% stake in Tesla worth about $120 billion, according to a December 31 filing . The stake consists of 411 million shares of common stock and 303 million stock options with a strike price of $26 a pop.
The majority of Musk’s wealth is concentrated in his EV company, but he also owns private social media platform X, former Twitter, and space exploration company SpaceX, among other businesses.
📍 What’s Your Take?
Are you buying the dip in Tesla stock? Or are you waiting for a deeper drop before scooping up some shares for yourself? Let us know your thoughts on Tesla’s future in the comments below!
🚀if you liked this article, give us a follow to make sure you don't miss any.
💖 TradingView Team
BTC - Detailed Video Analysis - in 2 mins!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📚 As long as the $70,000 holds, we are expecting a continuation till the upper bound of the channel and $80,000.
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
PAYPAL #PYPL --- Ready for recovery rallyObvious that the bear trend is clearly done
Paypal Hodlers should get relief and fresh positions could get rewarded quite nicely
It's not a bullish falling wedge, which is pattern I prefer.
But more of a regular descending channel ...
I think a move to $100 should be the minimum objective.
NVDA AT BEAUTIFUL SUPPORT!! EXPECTING A BOUNCE!There's a triple confluence here on NVDA, This is a massive support level with a developing 45min order block. With these confluence and a strong company leading the tech/AI world, I would expect higher prices to come unless we get a random negative event.
I'm bullish and looking to break $1,000 in the next few months.
Let me know your thought sin the comments below
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
DXY - Could pump could coincide with market reset for a whileI'm not someone that believes that when the markets pump the dxy has to dump and vice versa. However, it is undeniable and pretty logical that there is some correllation.
In this case the markets have been extremely bullish for a year straight with no significant pullbacks, and the dxy incredibly bearish with only one minor retracement. It is now at a key level that we called last time as the level that gave us the bullish run, so you should't be surprised if we get a bounce here. The markets are also extended and seem like they are slowing down, this might mean a few weeks of bearish moves in the markets and bullish moves on the dxy.
Regardless we are bullish for 2024 as a whole until there is a further indication, just be wary of the next few weeks and this critical level that we are at today.
Safe trading!
AUDNZD: Short Trade with Entry/SL/TP
AUDNZD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell AUDNZD
Entry Level - 1.0720
Sl - 1.0746
Tp - 1.0666
Our Risk - 1%
Start protection of your profits from lower levels
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Microsoft Bullish Cup and Handle Microsoft - NASDAQ:MSFT
A bullish monthly and weekly chart:
✅Monthly MACD Cross
✅ Long Term parallel channel intact
✅ Above 200 day & week MA
✅ Cup and Handle (with a high handle - Preferred)
✅ Good Risk: Reward Ratio at 7.6 (51%+ vs -7% loss)
⚠️ Stop loss levels on chart 🫡
A great set up. Those that are patient could wait for a potential pull back (arrow on chart) as we are reaching into overbought levels on the RSI on the weekly. It would not be unusual for Microsoft to pull back 5-8%. The R:R would be significantly improved if you waited and if it led to an entry from approx. $350 (after a 5-8% pull back), this would line up with the 200 DSMA also. However there are no guarantees of a pull back.
Those half as cautious could enter half a position here and see what happens and place another entry at $350.
All in all the $330 - 335 red box area on the chart is an absolute stop loss level. If this level is lost I would be out of the trade fast.
So you have options with this set up:
1) Entry here with a tight 7% stop.
2) Half a position here and half at approx. $350 with a stop at $335.
3) You wait for $350 and you place your stop at $330.
These all result in a similar loss of 5 - 7% in the event the trade fails. The upside potential is always 50%+. You can always cut early also at target one and take something at the 26% profit level.
It important you take full responsibility for your trade, position accordingly and be ok with the small 5-7% loss as it will likely happen, we are only leaning on the probability that maybe 60-70% of the time these trade set up provide us the return we want.
I have not really ventured into the earnings or dividends however they are both positive contributors to this trade as earnings have been excellent and dividends whilst minimal, are dividends at the end of the day. We are here for the trade and play a set up off the chart. The fundamental's are just nice framing for the stock in our minds eye.
PUKA
#MSTR Cup and HandleBig upside target on a logarithmic scale
Seems like #WallST #FOMO is occuring
#MichaelSaylor's Big Long may well go down in history.
FET - Make or Break Zone Hello TradingView Family / Fellow Traders,
On Weekly: Left Chart
After breaking above 0.6, FET surged by 80% and it is currently rejecting a major weekly resistance at 1.0 - 1.05.
📈 For the bulls to remain in control and take over from a macro perspective, we need a weekly candle close above 1.05.
On H1: Right Chart
📉 If the last major low in red at 0.885 is broken downward, expect the bearish correction to start
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
TARGET REACHED:Nasdaq mirroring Dow Jones & up it goes to 18,800
Our first aim was 16,956 for the Nasdaq 100, and wow, did it deliver, perfectly echoing our Dow Jones insights. It soared right to its initial goal of 16,956, just as we theorized. ANd it's been on the up ever since.
But here's where the plot thickens—into a trending market.
And let me tell you, this is where things get tricky.
For breakout traders, finding that golden entry becomes a maze.
For those eyeing reversals, it's like navigating a storm.
And for my friends playing the ranges, buying and selling becomes a guessing game.
So, what's a trader to do?
We watch, we wait.
The trend might keep climbing, sketching new patterns for us to decipher, or we simply stay the course, nudging our trailing stop loss up by the week.
Now, with eyes on a lofty new target of 18,800, I'm parked on the sidelines.
It's feeling a bit top-heavy, and without a clear strategy to dive back in,
I'm all for observing.
Patience is a trader's virtue, especially in this game.
OASYS GAMING #OAS Can keep marching on. Crypto & Gaming is one of the best use cases for blockchain tech. No doubt.
And as we have seen the last few weeks, it can result in explosive price performance.
I think Oasys can go on to 10c
Nasdaq-100 H4 | Falling to pullback supportThe Nasdaq-100 (NAS100) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 17,539.30
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 17,380.05
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Take Profit: 17,784.29
Why we like it:
There is a resistance that aligns with the 127.2% Fibonacci extension level
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.
Palantir and Coles Supermarkets Forge Strategic PartnershipPalantir Technologies Inc. (NYSE: NYSE:PLTR ), a global leader in AI systems, has announced a transformative 3-year partnership with Coles Supermarkets Australia Pty Ltd (ASX: COL), a prominent Australian supermarket and retail giant. The collaboration aims to revolutionize Coles' workforce strategy and analytics by leveraging Palantir's cutting-edge platforms, including the Artificial Intelligence Platform (AIP).
Unveiling the Partnership:
The partnership signals a strategic shift for Coles as it seeks to enhance operational excellence and redefine its end-to-end workforce strategy and integrated supply chain functions. By integrating Palantir's platforms into its store operations across 840 supermarkets, Coles aims to streamline decision-making processes, optimize workforce planning, and improve the overall customer and team member experience.
Palantir's Role in Workforce Transformation:
Palantir's platforms ( NYSE:PLTR ), particularly the Foundry platform, will play a pivotal role in reshaping Coles' approach to workforce management. The suite of workforce tools configured on Palantir will analyze a vast amount of data, comprising over 10 billion rows, including store details, team member information, shifts, and allocations. This comprehensive analysis aims to provide real-time insights, enabling Store and Department Managers to make informed decisions that optimize costs and improve both customer and team member satisfaction.
Harnessing the Power of Artificial Intelligence:
The partnership emphasizes Coles' commitment to harnessing the power of AI to drive digital transformation at scale. Coles plans to utilize Palantir's ( NYSE:PLTR ) Advanced Analytics 'Smarter Forecast' to enhance workforce planning and shift efficiency dynamically. The integration of AI into the retail ecosystem will empower front-line teams to respond more effectively to ever-changing trading conditions and customer needs.
The Foundry Platform and Retail Ecosystem:
Palantir's ( NYSE:PLTR ) Foundry platform will serve as the backbone of this innovative collaboration, bringing together legacy data systems and machine learning into a shared end-to-end view of Coles' retail ecosystem. This inclusive approach encompasses Bakery Production Planning tools for in-store bakeries and Ocado Fulfilment Centres, showcasing the adaptability and versatility of Palantir's solutions.
Coles' Vision for the Future:
Matt Swindells, Chief Operating & Sustainability Officer at Coles, expressed excitement about the partnership and its potential to redefine workforce management. He highlighted the capability of Palantir's Foundry platform to provide a suite of tools utilizing AI to empower front-line teams. Coles envisions a future where departments are optimally resourced, ensuring the best return on workforce spend and driving superior customer outcomes in-store.
Global Impact and Retail Industry Growth:
Ashwin Rajan, Head of Commercial for Australia at Palantir ( NYSE:PLTR ), emphasized the global significance of the partnership and its contribution to Palantir's growing presence in the retail industry. The collaboration with Coles showcases Palantir's ability to be integral to core operations in a challenging retail environment, enabling digital transformation on a large scale.
Conclusion:
The Palantir-Coles partnership marks a significant milestone in the evolution of workforce management, demonstrating how AI and data analytics can reshape traditional retail practices. As the collaboration unfolds over the next three years, it is poised to set new standards for operational efficiency, cost optimization, and customer satisfaction in the retail industry.
Nasdaq-100 H1 | Potential bearish reversalThe Nasdaq-100 (NAS100) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 17,336.83 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 17,550.00 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance.
Take profit is at 17060.59 which is an overlap support that lies above the 61.8% Fibonacci retracement level.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
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Cloudflare: Downhill 🏂In the chart of Cloudflare, the last high should have set the top of the orange-colored wave b, which we count as a sub-wave of the larger (ii) in blue. Accordingly, we expect another setback to below the support at $75.50, where the reversal should finally be initiated in the blue Target Zone (coordinates: $67.96 - $57.11). Prices within this range can be used to enter long positions. Only a significant breach of the resistance at $86.91 would convince us that the price will rise imminently with wave alt. (i) in blue. This option is 33% likely.
QQQ TRENDS AND PRICE TARGETS, HOW MANY Q's SHOULD ONE HAVE?Technicals
RSI is overextending, however, a little cool down would reset the indicators and trigger buy signals across the board.
Bears should be looking for an entry, but not entering yet. Plan out a trade.
Bulls should be locking in profits and looking to buy the dip.
There are two super short term trends that are taking the price up. They are both rejection trends, which are trending in the bullish direction, in other words, price is going up following those trends.
There is a huge rejection trend labeled.
There is a mega support trend labeled.
There is a strong support trend labeled, which should likely trigger a buy signal should it fall to that support or possibly dip under for a brief period of time.
Above 480 starts to increase risk.
it can go higher to 500, and then possibly even to 600.
500 is way more likely than 600 on this run.
short term, again, could use a cool down to like 393.
I would suggest to wait for this cool down to enter expecting bullish movement. With price falling to multiple strong support lines, it is a favorable trade.
Price can keep going up. Don't expect it to go down. But understand, if it does, you'll be prepared for that movement, and have a trade with a high potential of profit.
If you miss out on a run because you were caution, simply wait for a rejection point and jump in short. Ride the wave down, then enter your long position. In other words, don't chase the movement, let the movement come to you, let it move past you, then ride the movement in your desired direction.
Linking my other QQQ posts and SPY posts
I usually don't TA these because I tend to trade the 3x leveraged (FNGU FNGD is one of my favorites), and I tend to get predictions wrong on these two. Will link some old ones talking about spy to 480 in the election year. MY MISTAKE was I thought the election year was 2023, so it was way off.
All time highs : MEMBERS DAILY ANALYSIS Jan 21 2024 The S&P500 broke out this week to new all time highs.
Finally playing catchup the nasdaq indices.
Semi-conductors continue to be the bright spot in the market.
10 year yield confims breakout.
many S&P sectors closed negative on the week despite the marekt making ATH's
$XLK: 195 Has MomentumTech sector ETF AMEX:XLK is showing incredible resilience following TSM earnings which is currently leading the market. I believe over the intermediate term we will see AMEX:XLK push to new highs especially with NASDAQ:AAPL trying to carve out a bottom. The green line below is from the previous trade we made which was a success and is provided in the links below...Good luck traders
BTC - Top-Down Analysis 📹 from Weekly to H4Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
NIO - Massive long at what could be the absolute bottom. I posted this a week ago but not much has changed. It was taken down by moderators because I mentioned something that went against house rules. Nonetheless:
ORIGINAL POST:
Nio has double bottomed on the weekly at local level with bullish divergence on the MaCD. It is also showing a clear shift in momentum on the 4H and Daily timeframes. We took this position a few days ago, and have already taken very small profits at the first tp level. I was unable to post here as my account has been hacked for the past 3 weeks and I have only just gotten it back, hence the lack of updates overall. Having said that the community took this trade.
I am posting this now as I believe that if we get above 8.36 then one could strategise a trade on a backtest of that level, so you guys could enter there if you haven't already.
The weekly is posted below
