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Ryde Group Limited (NYSE: RYDE): Signs of Stabilisation Recent observations indicate that Ryde Group Limited (NYSE: RYDE) is experiencing a slowdown in selling pressure, suggesting potential price stability. The stock has repeatedly tested the $0.40 support level, with technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) showing oversold conditions. This scenario presents a strategic opportunity for traders to consider accumulating the stock at current levels. Based on our analysis, the short-term target prices are set at $0.45 and $0.48, representing potential returns of 12.5% and 20%, respectively. These targets are supported by technical momentum and the observed resilience at the $0.40 support zone.
AMEX:RYDELong
by HASHInvests200
Agape ATP Corporation - Is a Trend Reversal on the Horizon?If you’ve been keeping an eye on Agape ATP Corporation (NASDAQ: ATPC), you’d notice that the stock has been on a downtrend for quite some time. However, there are some subtle but interesting signs popping up on the chart that suggest things might be taking a turn for the better. Let’s break it down in simple terms. For weeks now, the price has been holding steady around the $1.50 mark. This is a big deal because it shows that the sellers might be running out of steam. It’s like a tug-of-war between buyers and sellers, and right now, the buyers seem to be putting up a good fight. One of the first things traders look for in a potential trend reversal is volume, and it’s starting to show some life here. Over the past few weeks, we’ve seen turnover starting to tick up. Why is this important? Because volume tells you where the action is. If more people are trading the stock, it often means something is brewing. Alright, let’s not get too technical here, but moving averages (MAs) are basically the average prices over a set period. ATPC’s shorter-term MA10 (10-day moving average) is beginning to flatten out. If the stock price can break above this level, it’s a strong signal that a new uptrend might be starting. Think of $1.50 as a floor. If the stock doesn’t drop below this level and starts climbing, it’s a sign of strength. Traders often keep an eye on such levels because they can act as launching pads for upward momentum. When you put all these signs together—stabilising price, increasing volume, flattening moving averages—it looks like the downtrend could be running out of gas. Sure, we’re not seeing fireworks yet, but the early signals are there. What Should You Do? If you’re thinking of jumping in, here’s the plan: • Watch the RM1.50 level like a hawk. If the price stays above it, that’s a good sign. • Look for more volume in the coming weeks. If it keeps picking up, the trend reversal could be real. • Keep an eye on the short-term MA10. A break above this line might be the green light you’re waiting for. As always, do your homework and manage your risk. No one knows for sure what will happen, but the signs are looking promising for ATPC. If a reversal is indeed underway, it could be a chance to catch the stock on the ground floor of a potential new uptrend. Stay sharp!
NASDAQ:ATPCLong
by HASHInvests200
S&P 500 Technical Analysis Ascending Triangle vs Rising Wedge I've identified two potential patterns on the S&P 500 SP:SPX chart: Ascending Triangle (blue trendlines): Higher lows and flat highs, with breakout potential above the flat top or a breakdown below the higher lows. Indicated by blue arrows. Rising Wedge Developing (red trend lines and arrows): Higher highs and higher lows, with a potential bearish breakout below the lower trend line or a less common bullish breakout above the upper trend line. Red arrows highlight the touch points on the rising wedge pattern. Pattern Rules: For a valid pattern, the following rules apply: Ascending Triangle: At least two higher lows Flat highs Decreasing volume Breakout above the flat top or breakdown below the higher lows Rising Wedge: At least three touch points on each trend line (I will use as few as 2) Higher highs and higher lows Decreasing volume Breakout below the lower trend line or above the upper trend line (less common) Quick Review for Beginners: New to chart patterns? Here's a quick rundown: Higher lows: A series of lows that are higher than the previous ones. Flat highs: A series of highs that are roughly the same level. Decreasing volume: The trading volume decreases as the pattern forms. Breakout: When the price moves above or below the pattern's boundary. Trend lines: Lines drawn to connect the highs or lows of a pattern. Keep in mind that chart patterns are not a guarantee of future price movements, but rather a tool to help identify potential trends and trading opportunities.
SP:SPXLong
by Paul_Hodls
Cisco (CSCO): Waiting for an entry after earningsCisco NASDAQ:CSCO recently reported its Q1 earnings, and the results exceeded expectations. With a reported revenue of $13.841 billion versus the estimated $13.775 billion, and earnings per share (EPS) coming in at $0.91 against an expected $0.872, the company delivered a positive surprise. This marks the ninth consecutive quarter where Cisco has beaten revenue estimates. On the technical side, the previously bearish outlook has been invalidated. We have updated our chart, adjusting the wave (4) bottom to align with the lower trend channel. After a remarkable 33% rally in just 100 days, the stock is due for a “healthy” pullback, potentially targeting the range high of $52-$48. However, this will heavily depend on further market reactions to the earnings report. From a broader perspective, we are now targeting a push towards or even above the upper trend channel for the wave 3 and subsequently the wave (5). However, these moves are long-term prospects and will take time to materialize. The focus remains on recurring revenue, which has grown significantly year-over-year, reaching $29.6 billion in the fourth quarter. While recurring revenue from subscriptions is a bullish factor, potential concerns regarding company spending in the second half of 2024 need to be monitored. We are closely observing the lower time frame for potential entry opportunities, keeping an eye on the anticipated pullback to confirm healthy growth momentum.
NASDAQ:CSCOLong
by freeguy_by_wmc
GOLD BREAKDOWNA chart representation of what may happen on Gold in the week and beyond. Monthly TF still looks significantly bullish as the Gold Market Price is currently still trading above the previous significant monthly lows. We don't need the price to just trade below but close below to ascertain the presence of weakness in the current bullish trend. On the Weekly TF, price has shown a clear push signifying a building up in bearish momentum before and after the US elections last week. Nevertheless there is the monthly lows as support to hold off what sells we are seeing and resume bullish trend. Until the break of that area, we will only keep seeing the current push down as gathering liquidity to continue the preceding bullish pressure. Coming to the lower TF, the chart clearly shows Possible rejection zones that may be used as indicated and based on special confirmations know to my trading style, I will be looking forward to join in for buys or sells where significant. Fundamental - The uncertain nature of Trump's first approach upon assuming second term may stir trade tensions globally and mixed sentiments may have an effect on price volatility until his policy implementations are clearer.
OANDA:XAUUSD
by KEMMATRADES