Get started

Technical Analysis

Uber (UBER): Missed the Rally? Here comes new opportunitiesIt's been a while since we last looked at Uber, and the stock has moved perfectly since then. Uber reacted exactly as expected to our desired area, but unfortunately, we didn’t buy any shares at the time. If you did, congratulations – this position is now up 60.8%! Shares of rideshare companies Uber Technologies and Lyft surged on Friday, following Tesla's underwhelming Robotaxi reveal. Uber has shifted its focus away from developing autonomous vehicles and is instead concentrating on expanding its marketplace for riders and drivers. This shift has created a robust network effect, making it increasingly difficult for competitors to match Uber's scale, according to a recent report by Business Insider. Uber’s asset-light business model, which doesn't involve owning or maintaining vehicles, has been financially successful, generating $1.7 billion in free cash flow in the second quarter. Now, Uber has reached a new all-time high, and if we look back at the chart, it's easy to see a clear and powerful pattern. After entering our desired area, Uber made a sharp V-shaped correction, followed by a key level retest. In a short period, NYSE:UBER turned bullish, marking a complete turnaround. We will be closely watching Uber Technologies' upcoming earnings report, scheduled for October 31, 2024. After this event, we’ll update our chart and look for possible new opportunities.
NYSE:UBERLong
by freeguy_by_wmc
15
$SNOW (Snowflake) | Long Analysis/ThesisNYSE:SNOW is primed for upside with a strong support level formed around $109 (indicated on chart). We are expecting these 3 upside price levels to be significant points of resistance in the coming weeks, however the $120 strike options will prosper as we approach the $145 level and will be the first to get cut. Remember: This is a great name that got unfairly beaten down. My good friend StockSavvyShay (on X) has written extensively as to how they've improved their business. These are some of his main thoughts to consider: Snowflake is enhancing its governance capabilities with Snowflake Horizon, a comprehensive cross-cloud governance model designed to simplify the management of complex data ecosystems. This solution offers integrated compliance, security, privacy, interoperability, and access features, allowing customers to efficiently manage data across various platforms and teams. Key enhancements include: - Achieving additional compliance certifications such as the UK's Cyber Essentials Plus and the FBI's CJIS Security Policy, ensuring top-tier security and privacy for public sector data. Introducing Data Quality Monitoring, which simplifies the tracking and improvement of data quality metrics. - Launching a Data Lineage UI that visualizes the impact of upstream changes on downstream data, enhancing data management transparency. - Developing Differential Privacy Policies to protect sensitive data without compromising individual record security. - Enhancing data classification with custom classifiers and a new UI-based workflow, supporting better data organization. - Rolling out the Trust Center for centralized security and compliance monitoring, helping to reduce costs and prevent risk escalations. In addition, Snowflake is improving cost management with a new Cost Management Interface, which provides a unified view of spend metrics across clouds and regions. This tool offers greater visibility into account-level usage, configurable spend views, and actionable recommendations to optimize resource allocation. These advancements strengthen Snowflake's position as a leader in data governance and cost management, providing customers with effective tools to streamline operations and enhance efficiency. RISKS: Convertible debt back in September leads me to believe that they are willing to decelerate growth and buy back their stock at a hefty multiple - this does give me cause for concern. However, the fact that price has held - despite this news gives the power to the bulls.
NYSE:SNOWLong
by PennyBois
CRUDE OIL (WTI): Confirmed Bullish Reversal WTI Crude Oil looks bullish from both daily/intraday perspectives. On a daily time frame, I see a confirmed breakout of a resistance line of a wide horizontal parallel channel and a trend violation and reversal. On a 4H time frame, I see a retest of a recently broken resistance of the channel with a consequent strong bullish movement and change of character CHoCH. I believe that the market will continue growing. Next resistance - 77.0 ❤️Please, support my work with like, thank you!❤️
TVC:USOILLong
by VasilyTrader
1
DreamAnalysis | NASDAQ at Key Level Break Higher or Move Lower✨ Today’s Focus: NASDAQ (US100) – A Key Market Player We'll break down recent price action and provide insights into potential future trends by analyzing critical market levels. 🚨 Previous Analysis Recap: In our last review, we anticipated a move higher to break through the Previous Month High (PMH). Although we tapped into this level, there's still potential for price to push further into this zone. 📊 Current Market Overview: Currently, price movement has slowed after taking out the PMH. On lower timeframes (LTF), there are opportunities to seek short entry setups targeting the Sell-Side Liquidity (SSL). However, we remain aware that the market may still attempt another leg up, possibly deeper into the PMH region. 🕓 Key Levels to Monitor: These are the critical zones that could drive price movement: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity - Daily FVG: Fair Value Gap (imbalance zone) These levels help identify where price may seek liquidity or rebalance. Fair Value Gaps (FVGs) represent areas where the market may retrace before resuming its trend. ⏰ 1Hour Outlook: 📈 Bullish Scenario: For a bullish setup, we’ll watch the lower timeframes (LTF) for price to sweep Low Resistance Sell-Side Liquidity (LSSL). Once liquidity is grabbed, we can look for our entry model to target the Buy-Side Liquidity (BSL). 📉 Bearish Scenario: A short setup is viable even now, but the optimal scenario would be to take out Buy-Side Liquidity first. Following that, we’ll watch for entry opportunities on the LTF to achieve better entries and risk-to-reward (R/R) ratios. 📝 Conclusion: Stay flexible as market conditions evolve. By keeping an eye on these key levels and potential setups, you can refine your strategy and spot high-probability opportunities. 🔮 Looking Ahead: Keep following as we monitor NASDAQ, DXY, EUR/USD, and other major markets. Expect timely updates as trends unfold. ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions.
CAPITALCOM:US100
by DreamAnalysis
GBP/JPY Short Setup - 1H TimeframeI'm Looking to short GBP/JPY from the 195.15 resistance level, with a Stop Loss at 196.20 to account for potential spikes above the recent highs. My strategy includes moving the Stop Loss to breakeven (SL to BE) once Take Profit 1 (TP1) at 194.08 is hit to lock in some profits safely. The trade includes multiple Take Profit (TP) levels: Take Profit 1 (TP1): 194.08 – I’ll move my SL to breakeven once this level is hit, reducing risk and locking in the position. Take Profit 2 (TP2): 193.35 Take Profit 3 (TP3): 191.97 This setup allows for a favorable risk-to-reward ratio, especially if the pair respects the resistance level and follows through with a reversal. The Stop Loss is placed to protect against potential bullish continuation if the market breaks the current structure.
Short
by PipShiesty
GBPUSD: The sellers still have the upper hand.Currently, GBPUSD is moving around 1.305 at the beginning of the weekend trading session with the weakness continuing since the beginning of the week. Although there is a recovery, it is only short-term and is a trend correction. With a strong reversal from the EMA 34, 89, this currency pair is still heavily influenced by the technical selling sentiment. In the short term, we expect to continue to prioritize selling with the profit-taking target right at the limit of the downtrend line marked on the chart.
Short
by Bentradegold
EURUSD should buy or sell?Hello everyone! EURUSD is currently following my previous prediction as it is in a deep decline, hovering at 1.098 and breaking out of the support level of 1.101. With 3 deep declines and breaking out of 3 support levels, sellers continue to profit. Therefore, I expect it to continue moving down at least to the lower price channel, as indicated by the flat EMA for shorting. Happy trading and don't forget to share your opinions in the comments section!
Short
by ConanTradingFX
DreamAnalysis | OMUSDT The Most Bullish Chart in Crypto👋 Welcome back to DreamAnalysis! Today, we're analyzing OM (Mantra), a significant player in the DeFi space, and its future potential. 🔍 What is OM (Mantra)? OM is a DeFi (Decentralized Finance) project built on Polkadot that provides tools for asset management, staking, lending, and borrowing. The key features of OM include: 1️⃣ Staking: Users can stake assets and earn rewards. 2️⃣ Lending & Borrowing: Access to liquidity and loans in the DeFi ecosystem. 3️⃣ Governance: OM token holders participate in protocol decision-making. OM falls under the DeFi protocol category, offering similar services to Aave and Compound, but with a focus on community-driven governance and transparency. 📊 Weekly Timeframe Analysis: Massive Bullish Move In the weekly timeframe, OM has experienced a sharp 10,000% bullish run, making it one of the most bullish charts in crypto. This is a highly successful project with strong upward momentum. Though the volume has decreased recently, OM is making another attempt to reach its previous high of 1.4168 while forming a higher low, which signals continued buying pressure. 📌 Buying Strategy: For those looking to buy OM, it’s recommended to do so after breaking the 1.4168 resistance and confirming the weekly candle close above it. Place your stop-loss around 0.8444 to manage risk. 📈 Daily Timeframe Analysis: Strong Uptrend Continues In the daily timeframe, OM continues to look very bullish even in the current market conditions. This chart shows strong potential for continued upward movement. The current candle is a good entry point for a long position, as it breaks a key resistance with significant buyer volume. During bearish periods for Bitcoin and the market, coins like OM, which are in an uptrend, tend to experience less downside and will often surge sharply when Bitcoin resumes an upward move. ⏳ 4-Hour Timeframe Analysis: Strong Upward Trendline In the 4-hour timeframe, OM is moving along a strong upward trendline, and the volume is increasing as the price moves higher, further confirming the bullish nature of this chart. 📈 Long Position: Our long trigger is clear—open a long position after breaking 1.4474 and ride the upward momentum. 📉 Short Position: I personally would avoid shorting such a bullish coin, but for those looking to short, a break of the trendline and confirmation below 1.3293 could offer a good short opportunity. 💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with your friends and leave a comment with your thoughts or any other pairs or coins you’d like us to analyze. 📌 These analyses are merely our ideas based on a chart that doesn’t follow strict rules. Technical analysis is an art, and these insights are not financial advice.
Long
by DreamAnalysis
EURUSD: Sell RalliesThe dollar has been in a strong recovery for the past two weeks, ever since the Fed decided to cut rates by 50 basis points in mid-September. This appears to be a classic “buy the rumor, sell the news” situation, as much of the dollar weakness earlier this year was driven by speculation that the Fed would cut rates. Now that they've finally done it, we’re seeing the opposite reaction. Focusing on the EUR/USD pair, we can see a very clear and strong push to the downside, forming an impulsive pattern from the 1.12 level. In Elliott Wave terms, this structure indicates the trend direction, which on the intraday timeframes is currently down. I would expect more weakness ahead, although markets never move in a straight line, so an ABC pullback is possible. In such a case, 1.10 to 1.1040 could serve as a good resistance zone to sell into. It's also important to note that the ECB may be leaning towards more rate cuts, especially with Germany’s economic struggles. This could further pressure the euro, particularly if the Fed slows down its dovish actions, given that US inflation didn’t drop to the expected 2.3%, but instead came in at 2.4%. With US yields poised to move higher while the ECB remains dovish, I believe EUR/USD will stay under pressure.
Short
by ew-forecast
Gilead Sciences (GILD): Will Support Hold or Will We See a Drop?We've neglected Gilead Sciences for a while, but it's time for an update. Unfortunately, our entry looking back wasn't ideal, as the stock has fallen below the 61.8% retracement level. It found support just below the 78.6% level, which marks the bottom of our range. This level was precisely touched, and we saw a relatively good movement upward from there. However, the outlook remains uncertain. We hope that the stock does not fall below this range bottom, as it would prompt us to consider cutting it. Our first take-profit target is at the range high around $86.5, but reaching this level will take time as Gilead Sciences is currently underperforming. Unlike most other stocks, Gilead Sciences operates in the research sector, not the tech sector. This means it follows a different cycle and is influenced by different capital flows. It tends to perform well when tech stocks do poorly. If tech stocks remain bullish, Gilead Science might continue to struggle. However, if there's a shift, Gilead Science could reverse and potentially reach up to $123, though this is quite far off. We are holding our position for now, hoping not to cut if the stock falls out of the range. If it does, we will take necessary action.
NASDAQ:GILDLong
by freeguy_by_wmc
Gilead Sciences (GILD): Pattern Still Intact—What’s the Plan?Let’s quickly review our open position in $GILD. We’ve managed to turn the whole chart around, and I hope everyone who bought in had the strength to sit it out. It was a close call with the stop loss, but now we’re up significantly, and we’ve moved our stop loss closer to $65.46. So far, we’re up 17%, and we don’t want to dictate when to take profits. If you’re in, do your own research and take profits whenever you feel comfortable—it's all up to you 👍. If you take a closer look, you’ll see that NASDAQ:GILD has been following a nice upward pattern: a surge, then three candles down, then another surge. I’m not sure how long this pattern will hold, but as long as we don’t retrace too much, we should be fine. I also like that we’re respecting all the key levels. The RSI is about to be overbought, so we might see another three candles down, but this time it could be a deeper pullback. We’ll see how it plays out, but we’re very pleased with this swing trade so far. Congratulations to everyone who’s been riding this wave 🍾.
NASDAQ:GILDLong
by freeguy_by_wmc
2
Gilead Sciences (GILD): First Take Profit in a High RangeGilead Sciences is now back trading at the high end of its range, and we’ve decided to take our first profit here. It’s crucial to respect range-bound trading, and there is a strong possibility of a pullback at this point. However, we don’t expect this pullback to reach the lower end of the range again but rather settle in the middle. If NASDAQ:GILD reclaims this range high, it could provide even more upside and new opportunities. We are also raising our stop loss to $65.80 to lock in gains. Gilead serves as our "natural hedge" against broader risk-on market conditions, and with a 40% bounce from the range low at the same time the S&P 500 is hitting new all-time highs, it’s clear that Gilead can benefit as well. We’re keeping a close eye on this stock, and if another opportunity arises, we’ll be ready to act.
NASDAQ:GILDLong
by freeguy_by_wmc
Blackrock(BLK): Targeting $1050-$1250 After Strong EarningsThis week, BlackRock will release its third-quarter earnings report, and there’s a lot of optimism in the air. Morgan Stanley expects BlackRock to beat analyst expectations, forecasting stronger-than-expected net flows. According to Morgan Stanley, net flows will likely accelerate 8.3% year-over-year on an organic basis, with their forecast being 420 basis points ahead of the consensus. They also predict a 5.7% organic growth rate for long-term inflows, marking a sequential acceleration. BlackRock is scheduled to release its third-quarter results on Friday. From a technical analysis standpoint, we anticipate more upside but with some limitations. We expect the intra-wave structure of wave ((iii)) to land between $1050 and $1350, though the more likely range is $1050-$1250. After spotting potential weakness in this range, we’ll be looking for an opportunity to enter on wave ((iv)), and we’ll send out limit orders when the time comes. As for the overarching wave (1), we expect a maximum of $1500 before a larger correction occurs. Stay tuned as we monitor this carefully and share the next steps.
NYSE:BLKLong
by freeguy_by_wmc
[Short Term] Symmetrical Triangle Reversal in SYRMAThis chart of SYRMA on the 1-day timeframe shows a Symmetrical Triangle Pattern formation, a pattern typically indicating potential price consolidation before a breakout. Resistance Line (Red Zone): The price has repeatedly been rejected around this downward sloping resistance, as highlighted by the red arrows. The price consistently meets selling pressure at these levels, pushing it back down. Support Line (Green Zone): The price finds support at this upward-sloping line, bouncing back every time it reaches this level, as marked by green arrows. This support forms the lower boundary of the triangle. Pattern Height: The vertical distance between the resistance and support lines is labeled as the Pattern Height. This height is used to project the breakout target by adding it to the breakout point. Breakout Targets: Breakout Initial Target ~ 500+: After breaking above the resistance line, the first target lies around this level. Target 2 ~ 550+: The next price target, following continued bullish momentum. Final Breakout Target ~ 600: The price target, based on the full height of the triangle added to the breakout point. Reversal Target (450+): Before the breakout, the price could reverse and approach this target (~450), where you can decide to either hold or exit positions based on further price action. Entry & Stop Loss: Entry Point: A long position can be considered above the 417 level, as marked in the chart. Stop Loss: The recommended stop loss is set below the 395 level to protect against potential downside risk. This technical analysis indicates a possible bullish breakout if the price can sustain above the resistance level. The Symmetrical Triangle Pattern suggests a neutral consolidation, but a breakout could lead to a strong upward rally towards the mentioned targets. Disclaimer: This analysis is for educational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
NSE:SYRMALong
by TradZoo
XAUUSD: Continues to fall furtherHello dear friends, nice to meet you in today's gold price race! Today, gold has not changed much, mainly fluctuating around the $2600 mark, and the downtrend is still dominant. The metal is under pressure as the USD starts to regain strength. On the analytical chart, the price has dropped below the support level of $2625. The 4-hour chart shows the possibility of this downtrend continuing soon. With the acceptance of the falling wedge resistance and the reaction at the EMA 34 confirmed, we may not see any significant support until $2575. How do you think gold will perform in the coming time?
OANDA:XAUUSDShort
by Bentradegold
BANK NIFTY INTRADAY LEVELS FOR 10/10/2024BUY ABOVE - 51340 SL - 51160 TARGETS - 51600,51820,51990 SELL BELOW - 50920 SL - 51160 TARGETS - 50600,50300,49930 NO TRADE ZONE - 50920 to 51340 Previous Day High - 51600 Previous Day Low - 50920 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. 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:BANKNIFTY
by Jagadheesh_JP
9