$CVS with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:CVS after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
Usstocks
$ZTS with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:ZTS after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
$SHEL with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:SHEL after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
$REGN with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:REGN after a negative under reaction following its earnings release placing the stock in drift D .
$NVO with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:NVO after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 81.82%.
$EOG with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:EOG after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 33.33%.
$COP with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:COP after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 20%.
$BKNG with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:BKNG after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 70%.
TESLA: Consolidation in short term?Hello everyone!
In the last few weeks we have been following $TESLA (see chart below) trying to take a long position around the bottom (weekly support). That said, the triggered rally was very interesting, the value has almost doubled in less than a month and if we look at the intraday chart (1h), we see the rally developed with a bullish impulsive structure. From a technical point of view, the structure could be completed, or almost completed (see resistance area just above) and some corrective structure in short term cannot be excluded. If the bullish impulse will not be stopped by resistance area around 200/208, a rally continuation at 230 area is possible, before a corrective structure. In a similar context, often the consolidation pushes the price around wave (IV), we will see.
On Daily Chart (Log Scale), short and long-term trend is still bullish, but in the medium term, a consolidation phase cannot be ruled out, which should not, however, destroy the current trend.
As we have already mentioned, we followed the rally as shown on chart below:
(Click and Play on Chart)
So, technically speaking, if any reversal patterns will appear on intraday chart, it should develop at least two bearish legs, so after the first bearish leg develops, use the technical rebound to try short position taking.
...trade with care! 👍
Cheers!
N.B.: Updates will follow below
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Gamestop may rally after a Bullish ConfirmationGameStop has entered an accumulation zone on the daily timeframe, indicating a period of consolidation and potential price reversal. To anticipate a bullish rally, confirmation of a breakout above this zone is necessary. Furthermore, there is a significant daily support level near the current market price, which has been preventing a downward break. Monitoring the price action and waiting for a bullish breakout confirmation will provide more clarity on the potential direction of GameStop's price movement.
#SP500 Update The SP500 remains broadly within the previously described scenario. It appears that a little more time is required to shape wave b before embarking on the final leg up, which should be minor; otherwise, the entire structure is invalid.
However, this is not the end of the bull market, and I believe that after some correction, there will be one more swing up into the end of summer.
Starbucks on a Strong Daily Support looking for a Bullish RunStarbucks is exhibiting a robust support level on the daily timeframe. The price has shown a bullish sentiment by respecting this support level. As a result, we anticipate a bullish reversal and the formation of an upward trend. This bullish momentum could potentially drive the price to revisit the $107 level.
AMZN-1H-BEARISH REVERSALAmazon is making a bearish reversal with the support of a bearish rising wedge, there is also a falling volume indication also showing the potential bearish move in the future, Bearish diversion is also there on the rsi index
price was jumped before the launch of Vision Pro, this might be a fake pump due to news of the launching a new gadget
Meta is Continuing the Rally towards the Next Key LevelFollowing the recent breakout on the initial key level, a continuation of the bullish rally is expected, driving the price further upward. The anticipation is for the price to maintain its bullish momentum and move towards the next key zone formed.
Inverted Head and Shoulders on DJIA, Target ATHDow Jones Industrial Average has been consolidating in a range from last 7 months, now it has formed an inverted head and shoulders pattern with target above it's All time high. Neckline is around 34300
TESLA CUP AND HANDLE PATTERN For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
$VRTX with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:VRTX after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
$SYK with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:SYK after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
$HSBC with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:HSBC after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
$SBUX with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NASDAQ:SBUX after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
$PFE with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:PFE after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 40%.
$ITW with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:ITW after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%.
$ETN with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:ETN after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 62.5%.
