Usstocks
UNLOCK PROFITS! 5 Opportunities to Capitalise1. Tesla (Weekly Timeframe) NASDAQ:TSLA
● A symmetrical triangle pattern is clearly visible on the weekly chart.
● Following a recent breakout with strong volume, the price is likely to rise significantly.
2. Lam Research Corporation (Weekly Timeframe) NASDAQ:LRCX
● After breaking out of the cup and handle pattern, the price surged to an all-time high around the 113 level.
● A notable rejection from this peak caused a pullback to the previous breakout level.
● The price is currently consolidating at this level, preparing for a potential upward move.
3. Tapestry (Daily Timeframe) NYSE:TPR
● The stock has been trading within a rectangle pattern for a while.
● Now, following a robust breakout supported by significant volume, the stock price is primed for an upward trajectory.
4. Oppenheimer Holdings (Daily Timeframe) NYSE:OPY
● After breaking out of a bullish pennant pattern, the stock price is targeting higher levels.
● The breakout was accompanied by significantly high trading volume.
5. Deckers Outdoor Corporation (Daily Timeframe) NYSE:DECK
● The stock price has formed a symmetrical triangle pattern.
● A recent breakout could drive the price to higher levels.
Mastercard’s Support Zone: Waiting for Buyers to Step Back InIf Mastercard’s price retraces to the green support zone, it could signal a renewed interest from buyers eager to push the price back up. This zone has previously served as a level where buyers stepped in, and if the price approaches it again, we may see a similar reaction. My strategy is to wait for signs of a bounce in this area, as it could provide a strong entry point for a long position. By observing price action and looking for bullish confirmation in the green zone, this setup could offer a promising opportunity for a move to the upside. Patience is key here, as I’ll only consider entry once there’s clear evidence of buyers returning.
VGT Post-Election Year ReturnsVanguard Information Tech ETF ( AMEX:VGT ) tends to consistently perform best in the year following a US Presidential Election. I believe given its track record, VGT could replicate the previous three post-election years. This would put the price at approximately $800 at the end of 2025.
Strategy:
My strategy has been to build a position throughout the pre-election and election year, and rotate out of the position into better yielding opportunities exactly one year after the November 2024 election.
$DFS with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:DFS after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
Abbott Labs Shakes Off Downtrend, Sets Sights on $142 milestoneIn December 2021, the stock price hit an all-time high near the 142 mark, after which it experienced a significant drop.
Following this decline, the price found support around the 90 level and began to recover.
Last week, the stock managed to break through the upper boundary of the descending parallel channel, setting the stage for additional upward momentum.
An immediate resistance level is noted at the 122 level, and a substantial movement is expected if this level is surpassed.