$BLK with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:BLK after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 64.29%.
Usstocks
Buy AdaptHealth CorporationShort Term Trading Advice by Naranj Capital
Buy AdaptHealth Corporation
● Buy Range- 10 - 10.5
● Target- 11.3 - 11.5
● StopLoss- 9.5
● Potential Return- 8-10%
● Duration- 15-18 Trading Days
Globus Medical: Approaching resistance, is a breakthrough comingWeekly Chart
● The stock has tested the trendline resistance multiple times.
● Currently, it is trading just below this level.
● A breakout above this resistance is anticipated in the near future.
● Following the breakout, the price may increase.
Daily Chart
● A Symmetrical Triangle pattern has formed.
● A strong breakout has taken place, supported by significant volume.
● The price is now set for a potential upward movement.
S&P Pharmaceutical Sector: A Prescription for Growth● The S&P Pharmaceutical sector has great potential for growth.
● The weekly chart shows that after breaking out of the Symmetrical Triangle Pattern, the ETF had a short period of consolidation and is now ready for a rise.
● The daily chart also indicates a Cup & Handle Pattern, with the price trending upward post-breakout.
As the industry revives, certain stocks are ready to achieve similar success
Key stocks to watch:
Hims & Hers NYSE:HIMS
● The price has broken the trendline resistance with high volume.
● More upward movement is likely to follow.
Crinetics Pharmaceuticals NASDAQ:CRNX
● Mirrors HIMS' chart pattern.
● Poised for robust growth after breakout.
Apple – Triangle Pattern with Breakout PotentialApple is currently forming a triangle pattern on the chart. If we break through the resistance, my next target is in the green zone, which I've identified as the next key level.
Strategy: I’m watching for a breakout from the triangle, and if it occurs, I’ll be targeting the green zone as the next potential profit area.
$BK with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:BK after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 81.82%.
$FAST with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:FAST after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
$DAL with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:DAL after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 62.5%.
$STZ with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:STZ after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
$CAG with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:CAG after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 85.71%.
POET: A Technical Play with Fundamental RisksThe recent announcement of POET Technologies, Inc.'s ( NASDAQ:POET ) collaboration with Mitsubishi Electric on September 19, 2024, suggests greater upside potential for the company. Given the current trend, the stock could reach $6-7 per share by year-end.
Over the past year, the stock has risen 56%, with a 377% increase year-to-date. Despite this strong performance, there are several risks to consider:
• Negative net income (the company has not been profitable)
• Frequent stock-based compensation (a 39% increase in shares outstanding since 2020)
• Negative operating cash flow
• Regulatory risks related to business operations in China
While there is potential for substantial price growth, it does come with risks. I think starting with a small position and monitoring the technical and fundamental developments is the best way to play this opportunity.
US Markets Demonstrate Confidence Despite Election JittersThe US markets are currently demonstrating a bullish sentiment, despite concerns surrounding the upcoming election.
All major indices, including the S&P 500, NYSE Composite, and Nasdaq Composite, have formed a bullish Cup & Handle chart pattern and have subsequently broken to follow an upward trend.
While the S&P 500 and NYSE Composite have reached new all-time highs, the Nasdaq Composite is close to its highest peak, further reinforcing the positive market outlook.
'This overall bullish sentiment suggests that the upward trend in the US markets is likely to continue, even in the face of election-related uncertainties.
$PAYX with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:PAYX after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
$PEP with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:PEP after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 86.67%.
$AZO with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:AZO after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
$CTAS with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:CTAS after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 91.67%.
$MU with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:MU after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
$NKE with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:NKE after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
Exxon's Make-or-Break Moment: $123 Resistance in FocusThe chart distinctly illustrates that the stock has been in a consolidation phase for over a year and is presently trading slightly below its resistance zone.
For a potential upward movement, the price must surpass the 123 level and maintain its position above this threshold.
At the same time, there is a significant likelihood that the stock price may encounter rejection once more, leading to a decline towards its trendline support level.
$MKC with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:MKC after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
$DRI with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:DRI after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 88.89%.
$JBL with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:JBL after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 70%.
$FDS with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:FDS after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 71.43%.
