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Uptrend

Software for finance $PAYPaymentus Holdings provides a cloud-based platform for electronic billings like utilities, taxes, insurance and others. The bullish divergence with the ROC was signaling a change of character for the stock. Now is forming a second base withing its confirmed uptrend; my favorite setup, and the risk/reward looks good. I'll use this week's gap up has support zone to place my stop and my target profit is near the lext resistence level at $22.50, that's a 30% move. The financial sector AMEX:XLF , is the 4th best sector this month and technology AMEX:XLK is the 1st. Paymentus Holdings earns the No. 2 rank among its peers in the Finance-Card/Payment Processing industry group. dLocal NASDAQ:DLO is the No. 1-ranked stock within the group.
NYSE:PAYLong
by dpuleo19
Costco the case for higher highs maybe probableHI guys. This is an analysis thread to assess the technical developments found in Costco. I will layout some general findings on the macro scale, then update as new developments proceed in the technicals for COST. The purpose is to provide unbiased TA opinions, where i give both bearish or bullish cases depending on facts in charts to help make informed trading/investing decisions. Initial analysis will be on the 1 week timeframe. First things first. The 2 Ascending triangle patterns found. A blue one A black one Notice the Black triangle, this is a larger or more influential pattern developing since May 2022. It holds more wait if signs show we a breaking out of this. Targets would be $680-720 range. Confirmation of a test of support Above the horizontal upper black trendline is needed. This would indicate a continuation of COST previous uptrend, as Ascending triangles when confirmed are strong continuation patterns. The smaller Blue Ascending triangle seems like a intermediate term consolidation area as well. Notice how prices have consolidated Above the Black horizontal trendline of the bigger triangle, for weeks. We have closed Last week ABOVE Blue triangle. We must await confirmation of this breakout. This could mean we are breaking out of both Triangles. Look also to the 21 EMA (Purple colored moving average). We have recently bounced off of a support test. This is a great sign. This can be a future support test area also. But i always look at it as a level of defence. It has moved up to the $550 level. Overall, $550 level is critical support level now. Below it we go back into the larger ascending triangle, if we do go back below, this would indicate a fakeout. An important thing to observe is VOLUME. For this move to follow through, we must see an increase or spike in volume. Which currently doesn't seem like its there. Which could lead to a fakeout. So we must pay attention. Remember Volume can really make or break a move especially a chart pattern. Momentum indicators STOCH RSI and MACD are showing signs of bullishness STOCH RSI has a BULLISH CROSS. MACD is attempting to cross Bullish. If MACD crosses, this will give signs that uptrend is now more likely. Taking positions must be done after COnfirmation or a decisive move Up. Never take positions inside of a chart pattern, always consider entering after confirmation of breakout. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on COST in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:COSTLong
by SafofAllTrades
BCH BEAUTIFUL TREND! SO SEXY.Sometimes you just have to stop everything you're doing and admire a nice trendline. These market makers are having fun. When will the trend break? Let me know in 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.
by Navitility
BBRI : Rebound, Targeting Rp5750 pre-2024 Election VolatilityOn November 1, 2023, Bank Rakyat Indonesia (BBRI) stock exhibited a notable touch on the lower trendline at Rp4930. This technical analysis delves into the implications of this touch, marked by a bullish pattern and rapid ascent, further substantiated by the stock's position above the Exponential Moving Average (EMA) 200 and a positive MACD crossover. The objective is to explore the basis for the continuation of the upward trend with a potential target range of Rp5750 before the anticipated market volatility preceding the 2024 Indonesian elections. Technical Analysis: Lower Trendline Touch and Bullish Pattern: - The touch on the lower trendline at Rp4930 signals a substantial support level, suggesting a potential trend reversal. - The emergence of a bullish pattern reinforces the positive sentiment, indicative of a swift upward movement. EMA 200 Position: - The stock's positioning above the EMA 200 signifies a robust long-term momentum. - The close proximity of the stock price to the EMA 200 provides additional confirmation of the potential for a sustained upward trend. MACD Conditions: - The MACD exhibits a bullish condition with a crossover of the signal line to the upside and a positive histogram. - The bullish signal from MACD supports the notion that buyer momentum is on the rise. Upside Target: Upper Target (Resistance): - Given the confirmation from the trendline, EMA 200, and MACD, the initial upside target is set around Rp5750 or higher. - This level encapsulates potential technical resistance that the BBRI stock may encounter during its upward trajectory. Additional Analysis: Supplementary Indicators: - Further confirmation from auxiliary indicators like RSI and trading volume is recommended to provide a comprehensive view of trend strength and market participation. Market News Monitoring: - The potential for market volatility leading up to the 2024 Indonesian elections underscores the importance of vigilantly monitoring market news and political developments. Risk Considerations: Stop-Loss: - Effective risk management involves placing a stop-loss beneath the trendline or support level. Conclusion: In conclusion, BBRI stock presents a compelling case for a continuation of its upward trajectory, supported by the confirmation from the trendline, EMA 200, and MACD. With a potential upside target of Rp5750, investors should remain vigilant as the market navigates the uncertainties leading up to the 2024 Indonesian elections. Regularly updating analyses in response to evolving market conditions and seeking advice from financial professionals is advisable before making investment decisions.
IDX:BBRILong
by fardycurry